A Federal Reserve Board plan to help banks withstand a year-2000-related cash crunch is good, but needs tweaking, a thrift trade group said.

America's Community Bankers said the proposed "special liquidity facility" would provide financial institutions with a dependable and flexible source of credit.

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.