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Show The Sail Lake Tribune, Small Glitch Gan Become a Bii Disaster Sunday, January Ft 19, 19H(i Firms Turn to Backup Systems to Keep Business Up When Computers Go Down By Peter Coy Associated Press Business Writer NEW YORK A hundred feet beneath the streets of Manhattan's fie nancial district, a chamber dug from bedrock is being turned into a modern treasure vault. The cavern at the roots of the World Trade Center, part of an old railroad, has a guard station with machine-gun-proo- f glass, Halon gas for extinguishing fires and 14 closed-circuTV cameras for surveillance. DataPort would be a safe place for diamonds, rubies or gold bullion. Instead it will contain nothing but thousands of reels of magnetic tape in effect, duplicates of the memories of modern corporations. DataPort and other storehouses across the country cater to their clients growing nervousness about their dependence on computers that are vulnerable to fire, flood, sabotage, theft or simple human error. Experts say a total computer wipeout with no backup plan in place an unlikely event might permanently cripple a business like a bank or brokerage firm. A computer failure is probably the single most tragic business event that could happen to a company. You cant move product, you cant collect money, you cant ship, you cant collect premiums. You just cant function," said John Ratliff, vice president of marketing for Sungard Services Co. of Wayne, Pa. In spite of the danger, no more than 1,000 of the roughly 14,000 data centers in the United States and Canada that use IBM mainframes of the 4300 series or bigger have disaster plans e that include backup computers, estimates Ray Hipp, president of Comdisco Data Recovery Services Inc. of Rosemont, 111. Executives are reluctant to divert large sums of money away from pressing needs to guard against a disaster that may never happen, say Comdisco and Sungard, which are No. 1 and No. 2, respectively, in the business of supplying backup computers. But auditors are stepping up the security trend by demanding that before they give a e'ean bill of financial health to comparies, the businesses have workable diiaster plans, tested regularly and discissed at least once a year by the boarl of directors. The Internal Revenue Service has furthered the trend, mposing several rules governing sicure storage of long-terrecords. Stomachs churnel in November when a software proklem briefly prevented the Bank of Nw York, the nations 18th largest btnk, from processing purchases and sales of government securities Trouble piled up so fast that the bank had to borrow an mprecedented $24 billion from the Feieral Reserve Bank overnight to balaice its books, pledging all its assets as collateral. The glitch, though repaired by the next day, distorted statiitics on the entire nations money aipply that week and prompted a congressional investigation. You used to be able to pill out the green eyeshades and yellov pads and pencils and somehow get back to the way you were. Those days ire gone, said Comdiscos Hipp. 2l2-acr- man-mad- e lty and phone lines that is ready to have a computer installed in it in an emergency. Money is definitely an object in deciding the level of service required. Comdisco charges its biggest clients up to $20,000 a month tor access to a big IBM mainframe and a variety of peripheral equipment, Hipp said. it off-sit- 1 t- n Companies like New Yorls DataPort store backup copies of a companys computer records. Th client company can retrieve the magnetic tapes on short notice and load them into its computers to replace ones that have been damaged. Unfortunately, a disaster that destroys data often destroys machines as well. Comdisco, Sungard and other companies charge clients a big fee for the right to use sjare computers that they keep ready and waiting at hot sites." For those who cannt afford a hot site there is the "cold site," a room equipped with chilled water, electric- - Group Says Raises Will Not Be High - 1 1 5 NEW YORK (UPI) Lew inflation combined with a less tlan robust economy will keep average salary increases low in 1986, predicts The Hay Group, a human resources consulting organization. The group's recent survej of com-- , pensation and human resources pro- fessionals from 601 companies showed managers and executives this year will see average increases of 6.3 down from the 6.8 oercent percent that the same respondents reported for 1985. Planned increases for technical and professional employees will drop to 6 percent from 1985s 64 percent. Salaried emp oyecs generally in clerical and adminiswill average 5.8 tration positions percent lower than the 6.1 perceit reported for 1985. However, the group said recent lackluster performance may prompt chief executive officers to rein in salary increases even tighter. Average increases may barely exceed the 4.5 percent to 5.5 percent range, it said. But salaries arc not the only area of cost control. The group said some 24 percent of the organizations polled had used layoffs In the past year to keep their human resources down. Computer makers like International Business Machines Corp. and Digital Equipment Corp. also offer rescue services, such as rush shipment of replacement computers and consulting disaster experts. by their The New York Stock Exchange relies on 13 computers to support floor trading. Three Highest Money Market Yields annual etleciive yield which would only show inter est earned the tirst year MMDA Annual Effective Yield (Nat'l Avg. 6.72) 8 84 Sun Belt Federal Baton Rouge LA 8 60 Franklin S&L Ottawa KS 660 Bankers Dust Kenner LA not Vernon S&L Vernon 8 TX 60 8 ST Guaranty Federal Svgs San Antonio TX CD Annualized Yield (Natl Avg. 7.63) Annualized yields are tor 12 months and are based upon rate m effect at lime account is opened 9 28 Mainland Savings Houston Tx 9 20 AZ Sun State Savings Pnoeni 914 Crescent Federal S&L New Orleans LA LA S&L 911 New Orleans New Orleans Federal TX 9 07 Dallas Northpark Savings Annual Effective Yield (Nat'l Avg. 7.90) 9 69 Firsi Savings ot Last Texas Houston TX 9 55 Western Savings Housion TX Vernon S&L Vernon month Sa.ings at Texas San Antonio Stockton Savings Ft Stockton lx Crescent Federal S&L New Orleans 6 YIELDS Highest yields fepoded by lede'dHy msufed banks ana thniis as ot Jan 15 based on stated rales ana method at compounding tor lowest minimum deposit available fig ures m parentheses are average annual eMective yields ottered by 50 large banks and thrifts in the lop live mar kets individual yields lor 2 5 year and 5 year CDs are average annual mteresi earned over enttre lile ot account 9 55 TX 942 Crescent Federal S&L New Orleans LA 9 42 Enterprise Federal S&L Marrero LA Average Annual Yields below show the average yield per year over the life ot the CD The total interest earned on the account is divided by the number of years ot the CD and the result is the average annual yield m percent age terms r Avg. Annual Yield (Nat'l Avg. 8.99) Average annual interest earned over entire life of ac count 1089 Gill Savings San Antonio TX 10 77 United Bank San Francisco CA 10 74 Keystone S&L Copperas Cove TX 10 72 Chesapeake Federal S&L Baltimore MD 10 72 Crescent Federal S&L New Orleans LA Avg. Annual Yield (Nat'l Avg. 10.68) ot life ac over entire Average annual interest earned count 13 20 Gill Savings San Antonio TX 13 04 Bradford Federal S&L Baltimore MD 1298 Della S&L Kenner LA 1298 Rosedale Federal Baltimore MD 12 96 Palm Beach Federal Palm Bch Gardens Fl $100,300 CDs Yield 1 month 9 00 Alamo Savings ol Texas. San Antonio TX 8 75 Stockton Savings Ft Stockton TX 8 75 Lamar Savings Dallas TX Savings of Texas San Anlonio Stockton Savings St Stockton TX First Savings ot East Texas Houston Alamo TX 9 25 TX 913 913 Aiamo Highest Jan 7 LA YIELDS' MONEY FUNDS 10 950 938 938 Tx Compound Yields lor Period Ended Da 1986 14 Command Gov 2 Lehman 3 Cardinal 4 Fidelity t t Fund Gov t Securities S Gov 81) Fund Gov U 6 Money Funds (Average Government-Onl- Inc 79 7 67 7 63 7 61 Reserves t 7 7 6' 7 60 7 58 Cash Equivalent Gov I Only Fund Federal 9 UMB Money Mr1 7 50 7 44 Port Reserve Funa, General Purpose money Fundi (Average 7 43 6 Government Fund Renaissance Assets TrusbGov 7 Pinnacle Government Fund 5 Mariner t 8 10 Newton 2 Fie jnd Money Fund M M 7.09) 8 30 k 8 06 k F 2 .emper Money Market 4 Counsellors Cash Reserve 5 Trinity Liquid k Assets Trust Cash Management Trust 7 Transamenca Cash Reserve 6 Strong Money Market Fund 9 Fast American Money Fund 8 k Capital Cash Mgt Trust e Money Funds (Average Seligman Ca T E M M Ser 10 2 USAA Tax Exempt 3 E quitabie 4 Tax Tax Ffee Money 6 Benham Nat T F M 7 Fidelity Mass T FM 8 General Tax Exempt 9 The Tax Free Money 10 89 7 87 7 86 7 85 7 84 7 83 7 20 6 55 k Fund 6 54 649 k 6 44 k F 90 7 680 Account Free Cash Res 'Gen Shares 5 Financial 84 5.72) F M M Tax Free 7 7 k 6 38 M M F 6 38 Fund lr,c 6 38 M StemRoe Tax Exempt P 6 36 M F Yield column repref ms compounded effective rate ot return to shareholders lor past seven days Past returns are not necessarily indicative of future yields Investment quality and maturity may vary among funds k manager absorbing a portion of fund expenses Source 100 HIGHEST YIELDS N Palm Beach Fla 33408 800 327 7717 Houston Source DONOGHUE S MONEYLETTER Mass 01746 800 343 5413 (0 CONSUMER FINANCIAL NEWS SERVICE could fail in a way that would bring trading to a halt, said Don Dueweke, the exchange s senior vice president of market operations. "Our operation is so automation-dependen- t it becomes to some degree scary, and we re not different from a lot of other corporations, he said. Sometimes a small failure serves to remind companies of how serious a big failure would be. At the New York Stock Exchange, for example, a snafu occasionally will cause trading to halt for 15 minutes or half an hour. All the exchanges computers now are in one secure section of a building just off Wall Street, but Dueweke said it plans to split the machines between two sites to reduce the chance of an incapacitating disaster. Like other big New York computer users, the stock exchange pays a fee to a center in New Jersey that maintains backup computers it can use on a moment's notice, and it stores backup records in a commercial storehouse in upstate New York. We know we can Jo more and we're definitely planning on tal ing that extra step forward," Dueweke said. An intruder with a screwdriver, possibly a disgruntled former employee, dismantled a data storage unit at Paychex Inc.s office in N.J., on New Year's weekend in 1983, destroying payroll and tax records that had to be laboriously re entered by hand. A spokesman at company headquarters in Rochester, N.Y., while downplaying the sabotage, said Paychex might have lost some payroll customers as a result. In recent years, good backup arrangements have prevented accidents from turning into computer disasters at Mazda Motors Corp. of America (roof collapse in Compton, Calif.), Del Monte Corp. (transformer fire at San Francisco headquarters that released PCBs), Northwestern National Bank of Minneapolis (fire that damaged data center), and the leisurely pace of once a month. The newer centers, like Data Pur tend to be more convenient to cities Records are shipped in and out as ol ten as several times a day, ensurin that a disaster would not punch a hoi in a companys data records of mor than a few hours. Postal Service headquarters in Washington (fire resulting in water damage). The first datastorage centers, built in the 1950s and '60s out of fear of a Soviet nuclear attack, tended to be in mountain strongholds far from cities. Records were rotated at the U S ATTENTION your please we have an ANNOUNCEMENT Our business is designed to help you find the type of map you're looking for. Services Include: TACK BOARD MOUNTING MAP WORLD FRAMING LAMINATION MYLAR OVERLAYS MAP CABINETS & DISPLAY CENTER located at 6526 So. State ALSO Murray, Utah NOW the only Map Store in Utah. Vagabonds in Trolley Square has closed its doors and would like you to know where to go for all your mapping needs. A is Large Selection of Globes MAP WORLD & DISPLAY CENTER 6526 So. 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