From: Neil Beckman
Sent: Tuesday, January 24, 2006 8:47 AM
To: Comments

Subject:

To Whom It May Concern:

These comments are in regard to the proposal to modernize large bank deposit insurance determinations:

I believe all three of the proposals are wrong. This is just an attempt by the FDIC to pass the buck once again.

Due to the fact that there have been no objections to large mergers there are now banks that control an excessive amount of deposits in many areas of the country.

This could have been avoided very easily by opposition from the FDIC and OCC.

I am not a part of a big bank system but one thing is for sure, there are way too many stupid ideas out there that cost the banks way too much money to comply with.

I am not in favor of any new rules or regulations unless for every new one passed a 100 are eliminated.

No one discusses the cost of these new ideas and experience has shown me that the estimates of the cost of these new rules by the FDIC is usually underestimated by at least 1000% and you also do not take into account future costs for the changes.

End these proposals now.

Concerned Bank President

I am also concerned about the direction that the FDIC is heading. There are so many rules that are intertwined and it is getting to the point that the FDIC is as efficient as the IRS. Ask any two FDIC representatives about a regulation and you will get two distinct responses that are contradictory.

Thank you