January 15, 2004

Mr. Robert E. Feldman, Executive Secretary
Attn.: Comments/Executive Secretary Section
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429

RE: 12 CFR Part 332 RIN 3064-AC77
Privacy Notice - comments

Dear Mr. Feldman:

I wish to comment on making the Privacy Notice easier for consumers to understand.

Sending the privacy statement each year is wasteful and burdensome. Customers are provided the Privacy Notice when the relationship is established. After that, the rule should require it be sent again, only when the statement has been changed.

Raymond M. Thompson
President