Publicly traded banks must disclose the totals they expect to spend rectifying possible year-2000 computer problems, according to guidelines issued by the Securities and Exchange Commission Monday.

Institutions must also outline their general plans for addressing looming computer glitches in their financial statements, and provide a timetable for carrying them out, the SEC said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.