The Superintendency of Banks said the deadline for financial institutions to submit their reports on plans to confront the Year 2000 ("Y2K") computer problem passed yesterday with some institutions not yet reporting in to the Inter-Agency Committee in charge of the issue. Most commercial banks in the DR are already investing large amounts to be "Y2K compliant," meaning that their computer systems will not be adversely affected when internal clocks change at midnight on December 31, 1999. Most of these banks have submitted the necessary reports and contingency plans. However, all savings and loans, development banks and credit card companies operating in the DR must also submit plans, as well as the state-owned Banco Agr?cola and the Industrial Development Corporation (CFI).
