From: Robert Hettinga <rah@shipwright.com>
Date: Tue, 8 Apr 1997 17:53:26 -0700 (PDT)
To: cypherpunks@toad.com
Subject: congressman wants review of online banking system
Message-ID: <v030209b4af70971d4e16@[139.167.130.246]>
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X-Sender: oldbear@pop.tiac.net
Date: Tue, 08 Apr 1997 17:58:51 -0400
To: Digital Commerce Society of Boston <dcsb@ai.mit.edu>
From: The Old Bear <oldbear@arctos.com>
Subject: congressman wants review of online banking system
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Reply-To: The Old Bear <oldbear@arctos.com>

CONGRESSMAN CALLS FOR REVIEW OF ONLINE BANKING

House Banking Committee Chairman James Leach (R-Iowa) has
asked the General Accounting Office to review whether the
Federal Reserve has sufficiently protected its Fedwire
funds transfer and security transfer system from electronic
trespassing.

Fedwire processes around 380,000 securities and funds
transfers totaling $1.6 trillion each day.

source: BNA Daily Report for Executives
        April 7, 1997


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-----------------
Robert Hettinga (rah@shipwright.com), Philodox
e$, 44 Farquhar Street, Boston, MA 02131 USA
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The e$ Home Page: http://www.shipwright.com/