Banking Association says keep you money where it is

Banking officials in the Hawkeye State are renewing their call for people to resist the urge to take out huge bundles of money before New Year’s Eve. Ben Hildebrandt, a vice president at the Iowa Bankers Association, says some people are taking out thousands of dollars or their entire life savings.Hildebrandt says that’s the wrong approach as the money will be safe from any Y-2-K fears as long as it’s kept in a bank that is linked with the F-D-I-C, the Federal Deposit Insurance Corporation.He says senior citizens in particular are being scared by scam artists to take out large sums of cash in advance of the approach of the year two-thousand and any potential computer problems.The federal government is printing an additional 50-BILLION dollars worth of currency so banks have plenty of cash on-hand. Hildebrandt expects the hysteria to worsen next week following the airing of a disaster movie “Y-2-K” on N-B-C.