From: Robert Fait  
Sent: Tuesday, February 17, 2004 12:49 PM
To: Comments
Subject: 

RE: "Alternative Forms of Privacy Notices"

The best solution of the privacy notices would be to eliminate them
completely.

The second best solution would be to only require them at the time the
account is opened and at the time the notice is changed.

A short notice that does not allow for an opt out when the financial
institution when the financial institution does not share information with
outside sources other than affiliates and joint marketers should be allowed.

The costs to all financial institutions far, far exceeds the benefit to the
customer if there is any benefit.  With approximately 10,000 accounts, I can
remember only 2 cases with the original notices where our customer had
questions.  I don't recall any from the annual required notice. I consider
that a extremely burdensome requirement with no benefit.

Bank of Mauston
Robert L. Fait, President
503 Hwy 82E, PO Box 226
Mauston, WI 53948