Federal Deposit
Insurance Corporation

From: Bill Rayfield [mailto:compliance@firstoptionbank.com]
Sent: Thursday, February 24, 2005 12:42 PM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov; regs.comments@ots.treas.gov
Subject: EGRPRA

Having recently undergone a full BSA exam, our financial instituition was
criticized for not filing enough SARS, even though no activity was
identified that fit the SAR instructions.

The examiners also could not identify any activity that qualified.

However, we will now file SARS as defense, against this in the future. This
will not help law enforcement or our financial instituition in any way. It
is nothing but a waste of time and effort for all concerned.

Sincerely,

William K. Rayfield, Vice President & Compliance Officer
First Option Bank
Osawatomie, KS