July 13, 2004

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