Some of you might have heard on the news or read in the newspaper about the
current bookkeeping
mayhem that TD Bank has committed against some of its customers. TD, which
absorbed Commerce
Bank a few months ago, in the last week has changed over all the Commerce
customers to the TD
computer system. The result is that some folks have been writing checks against
funds they
deposited but TD's system isn't, or hasn't in timely fashion, credited to their
accounts. The
lines are long in New York outside the TD branch offices as the checks are
bouncing higher than
the Empire State Building. I just wanted to let you folks know that I have been
keeping an eye
on the AGA accounts during this computerized calamity and we appear to okay.
Luckily, I didn't
place any deposits by hand during what will be known in some circles as the 5
days of the
banking black hole during which there was limited computer access to
TD, account records were
expelled into the nether regions of of the universe, and deposits slipped
through anomalies in
the space-time continuum.
Our accounts are reconciled, even if our fiduciary expectations are not.
Some of you might not have heard about any of this inasmuch as this news
of most nonbanklike
banking event was displaced by the much more important news such as David
Letterman's sexual
transgressions and whether Chicago will win the international competition to
lose a billion or
two hosting the 2016 Olympics. And you thought producing a convention was
difficult! ;)
As it says in the HitchHiker's Guide, Don't Panic and always know where your
towel is,
sh