The Y2K Bug Is Upon Us

"There is a remote possibility of that happening," Ulrich remarks. "We have six to nine months to deal with that issue from a public relations standpoint. There may be no Y2K problems with banks. Personally, though, I think there will be.

"The concept of pulling your money out of the bank is a very dangerous one," he adds. "Keeping some extra money on hand that you've drawn out over a long time is not a bad idea. Everybody should have some money on hand, regardless, whether it's Y2K, earthquake, hurricane—that's just common sense. But to pull a bunch of money out of the bank is just problematic."