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Show E6 The Salt Lake Tribune BUSINESS/BIRTHSFriday, June4, 1999 FDIC Requiring Standard Backup System California to Sell Private Wage Data On 85% of Its Workers — for Profit Newrule will apply to banks considered unprepared for Y2K date change HE ASSOCIATED PRESS less than-satisfactory ratings has fallen from 357 to 205 out of a total 10.400. The agency expects the number to continue to decline WASHINGTON — The Federal Deposit Insura Corp. is requiring that banks and throughout theyear as banksandthrifts get in thrifts considered to be unprepared for the )00 date change convert data from one storage system to another. The FDICsaid the requirement for standardized systems would make it easier to retrieve and transfer the data if a bank or thrift needed the help of another data processing company or was placed in receivership due to financial failure. Last week. the Federal Reserve proposed a plan to makespecial loans to banks, thrifts shape. Charlotte Birch. a spokeswoman for the American Bankers Association, said the new usea standard backup system for storing key deposit and loan data The FDIC's boardof directors proposed the new requirement Thursday and openedit to rule probably will apply to fewer than 100 financial institutions nationwide public comment for 30 days. although it will take effect immediately. Theruleis designed to ensure that bank customers will have quick avcess to their money in the event of Year 2000 problems those institutions “to acceleratetheir efforts to be ready for the Year 2000.” Ina ment. FDIC Chairwoman Donna The new rulewill apply to banks and thrifts with a less-than-satisfactory rating from the Tanoue said, “We expectvirtually all finan. cial institutions to be preparedforthe transi- Shesaid the FDIC action likely would spur government for their Year 2000 readiness as of July 31, The FDIC said that would be a sinall numberof federally insured financial instutions, since more than 98 percent of them have gottensatisfactory ratings Since the end of March, according to the FDIC, the number of banks andthrifts with wagedata it collects on 14 million people statewide to private information companies, car dealers and creditors wanting to check an individual's annual income. the data would operate on an honor system and would not be required to show proofof each individual’s written permission before accessing the information. Supporters, including banks and lenders who championed the legislation, contend the data will allow them to process loan appli- A law that passed last summer allows the state's Employment Development Departmentto disclose the salary information. Previously, the data was available only to other government agencies. The program, which could one’s salary could fall into the and automated teller machines late in the or early next, the Los Angeles Times reported Thursday. sane punlisher of Privacy Journal, a monthly newsletter covering technology's effect on priva- will be stored in governmentvaults, up from out the written permission of the Smith said the state wage data the $150 billion normally held in reserve. That's in addition to the $460 billion in notes However, private companies that was originally collected to figure out unemployment taxes and benefits, not to help aid creditors. and credit unions that might need emergency money becauseof consumers’fears about the Year 2000 date change And last year the Fed ordered anadditional billion of newcurrency to putinto circulation in the event people make a run on banks tion Banks. thrifts and the companiesthat provide themwith data processing services maintain backup copies of the deposit and loan data storedin their systems. The backup informationis in many different formats, however. which meansit takes a lot of time to THE ASSOCIATED PRESS LOS ANGELES — California will begin selling confidential year. Byyear’s end, $200 billion in currency circulatingin the United States and ubroad bring the state $15 million in a decade, could start later this year No data would be shared withindividual, state officials said are deemed qualified to access cations faster and cut back on fraud. But consumer groups say the electronicdisclosure of some- wrong hands — debtcollectors or those wanting to woo the wealthy Peviolates a basic principle pri said Robert Ellis cy. UTAH BIRTHS Compiled by Holly Millerberg and Antoinette Benns ribune notes the follow parents’ names. reside ence y birth date and h i friends wishing to purch: ‘apies pf today’s Tribune in commen: RICOE SC UIFAN CanrdO'es Ey coMeg Clearfield, son BERGUDUT. siren ais 3s Hospital BETH. Heten and Runa Pest 1 Logan Regional Hospital, Logan ert Harrseill son, ay Dee Hospital. Oyden ALAMIRES, Demoe and David. West Valley City sun May 20 pital andMedical ‘water rt Salt Lake ( 1. Salt Lake City on, May 1 Ogde jeand Carlton, Sait Lake City St Marks Hospital Salt Lake comasnaw Wendy. South Jordandaughter june 2. Cottonxvad Hospital, Murra ccna Kimberly. and ‘Troy. West Valley BL AND: Ju)etinrand Uave Kaysville. son. May «and YOUNGREN. Griffin May 25 St Mark Hospital ty 26, 1 1s Hospital and Medical Cent oe ALUN AR SD Ac and May 260 St Eve Marks tho Et ase tis and 1 rn MMASSL Kotahiieand Roush, Sai sno t t Rewiinal M " itt Todays UNA amd TENANGLENG, ; at : rae AERaB. St Baad MONS. KING, Johnny Salt hake IL Rediouat Misia ; ca be Roe MeNAED a spa Sa au wis HH al io and Aen 20. 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Salt Lake City. son, Mark's Hospital. Salt Lake City HAMMOND, Heidi and Erric. Draper. son. June 1 ra HANSEN, Jean and Mark. Ogden. son May 30 McKay DeeHospital Ogden 4 and Date, Kayeville, daughter, Nar} LDS Hospital It Lake ( MARKS, Andrea and Daloy, Og caver Me eCity edical ise and Milton, West Valley City d ie ‘Mae 20, SalLake Regional Medial Q Salt Lal and NORDSTROM. Enik Midvale. daughter. May 30, Alta View Hospi tal, Sandy HATCH, Kimberly and Jacob, Roy. son, May24, a MedicalCenter. Layton. Marks HospitalSalt Lake layne, Salt LakeCity Valley Hospital, West HOOPER, Jennifer and Richard Ogden, son. 9, MeKay-DeeHospital. Ogden, and Clay Clearfield. son, May y-Dee Hospital, Ogden ynn and Mark Clearfield. daughter. June 2, MeKay-Dee Hospital, Of wth onya andSiaosi, Bountiful, son. May Tos IRIZAMRY. Angel and V rsvile, wughter. June 2. Hospital. Salt Lake City rE . Julie and Brian, Layton, daughter, Davis Hospital and Medical Center Layton JENSON, Lydia Beth and, CHRISTIANSEN, Cody, Houta 0 23, Davis Hospital jedical Cente Layton JOHNSON, Ali t Valley City. son, May 19, Salt Lake Repinal Medical Center. Salt LakeCity JOHNSON, Patricia and Car. Salt Lake City on, June1. CottonwoodHospial, Murray JONAS Brandyand DAVIS, Jereay. Clearfield 3, Davis Hospital and Medical mter. Layton, Wendy and Grego, Draper, son, May ke ne and Scott, West Valley City, son, May 18, Salt Lake Regional Medical e City nd Eddie Sandy son, May 29, ake in The 255-7151 ee fark’s Hospital, Salt Lake s Frederick. 1 Salt GONZALE And: Fernauion Wendover, daughter, May27° St Mark's Hespital Salt LakeCity body's Deal Tfecrasar) al anon af : YOUR FUNERALWILL BE LESS Davis Hospital and nila nd GREAT DEAL! BUY ONE AID ace Ce Be tek DYE. June KarenLDSan Hospital, S EBERHARDT eal and ‘Massey Jeremy Salake ays Mog Maries Hosp Salt Lake City FRICKE *nua and Allan Tonelécdanphiter Salt Laake City id fay 20. Da enter, Layton vita, Salt Lake City SSW Pr Mid. tee, M1 Salt Lake Regal It Lake Vity _ slay, Ogde son, i Ogden and Bountiful nal Medical HLEISCIIER Celeste and Thomas, North Salt Lake, son, May 26 St Mark's Hospital, ita Salt ny May) i «aioAngels Salt Lake C) i son, May 27, St ike Cos Soll Lake Cty danehter Moy GOODBEAU, West Jordan AUINES, Gaugher JuneRaquel 1 AltaandViewJoba.Hospital Sandy St Mark Hospital a ake Ci pavis Lisa a Kay hter. GOUGH, Nissa and Michael. Layton, daughter N, i ‘ jn May 18, Sant a ake ie ‘na ‘Medi a} Center, May 20. Davis Hospital and Medical Center P1i Davi MontaSea taston ae ayeae pee daughter Leticia, West yates ly ae May J Robert Wore (ris. sam Rl rs Ores URCED: oxen, GRAMAM, lst Hanks tal Salt 1 ake om CHEEN Emily and Christo ns ‘Pousti ‘son, M1 St MarksMinpta. Sat cates frendSoul, Vale wi ACERIL. ind on Tin Laan el Hes son BURKE, Althea, Salt Lakes (i daughter, Mav es vl c y Dee GROTEPA! ia Rad Sleek Weal dordan rst MantAngla saeauth Sot Lak Lavton. daughter, st May SU Marks Topi, SalLake NCHS, Lavon san, DELUER: E i n a n d J o e Last. daugier, May Karen and Scott, Salt Lake City : Travis Hospital and Medical Center i aR anes tm: ia and MedicalCenter GUTHRIE, ughtr. May 31. CottonwoodHosp, Mut BYBEE, Lauraand itichard Salt Lake City. son ray a Medal Coane use “Bath and lex LeonzceuBler HAAS, Yvonne andOgdenlen son June : 1. McKay Dee Hoaptal. Tore som May 31S MALL Jods and Coton, West Bowutful dave aye Ce al ERT. Stephen MedicalCo caren, Aer and Bruce Lay Yaevs Hospatal and ter May ‘ weit aguel aud Cormick, Chnton. son May 30 wo dh " aud Wilkin Ogden nn StH 608 Clear f ty av deal vierJ LastTit LDS Hospital. Salt f CHV Kasey nud Brianan Ca f ond CHAMBERS. May 10 i ReDew andHo Jodi. Kare ¢ We CAIED. tanne and SORENSEN, " Nirhofas 02 den Son Mag Mekay- Dew Hospit den CHRISTENSEN. Mivndt and 1 i Tine 2 LDS | 29. Pioneer Valley Hospi tal West Valles Ci DABLER, Stephanie and James, West Jordan son May 30, St Marks Hospital, Salt Lake Darya Wendy Ann and Bryan Kiyoille, win. Mas Dosis Hospital and Med al Cen tin Murray. twinsons BKa NE KG vist Jods and Christian S M i nt 0. y, daughter May Medical Center, Lay PNSCHUTY y and Justin. Salt Lake ts daughters, June 1 LDS Hospital § , HOKIS, Tie dS est Jordan son May alt Lake Kegimal Medical Center. Salt GALL GOS, Lorraine and COLLINS, Jeff Ug den, son, May 31 McKay-Dee Hospital. Og den ndrea and Michael, Bountiful. son, ital, Salt Lake City Kenneth, Morgan, son, 8 McKay Dee Hospital. Ogden MANY. Cating and Anthony. Layton, son. Davis Hospital and Medical Cé 261 8800 ») 4045 5. Riverdole Rood WATERFORD 622-7400 TAYLORSVILLE/W. 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