Re: Book not Officialized in West

Thanks for letting me know. I am sure that you have communicated with the
Portland risk group regarding this slip up. What assurances have you gotten
from them about their diligence in the future in officializing books? Do you
think that everyone there is on board and aware of how important this is?
--Sally

From: Stacey W White 12/22/2000 09:14 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Book not Officialized in West

I just wanted to let you know that the West Risk Management group did not
officialize one of their calculations last night. I have had calls from
Credit & VAR. The Interest Rate group was not affected because their new
system caught the error and the were able to use yesterday's cash flows. I
officialized the book this morning and everyone is rerunning their
applications. I'll let you know if there is any other fall out.

Stacey