Mr. Robert E. Feldman
Executive Secretary
Attn: Comments/Executive Secretary Section
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, D.C. 20429
Re: Proposed Change to FDIC Assessment Certified Statement Rule
Dear Mr. Feldman:
I would like to go on record as being opposed to the proposed change with
the assessment statement. Whereas I can appreciate it may improve efficiency
for the FDIC, I highly disagree that it will "reduce the time and effort
required to comply with the certified statement process" from the bank point
of view.
Your proposal adds another level of burden on the banks by way of them
having one more thing they have to remember to do, without the benefit of
receiving a notice, statement or bill.
While technology has many positive aspects, the proposed change just
transfers the burden from the FDIC to the banks. It is hard for me to see a
net gain realized by the banking industry.
Sincerely,
Charles A. Kennedy
President
Farmers & Traders Savings Bank
Bancroft, IA 50517
