From: Tyler Ferguson [mailto:tferguson@coastalbank.com]
Sent: Wednesday, October 29, 2008 11:28 AM
To: Comments
Cc: Eric Sprink
Subject: RIN # 3064-AD37"

FDIC,
The fee for the FDIC Temporary Liquidity Guarantee Program (“TLGP”) and more specifically, the Debt Guarantee portion (“DGP”) of that program is too high relative to current market rates including Fed Funds. Fees for DGP are assessed at an annualized 75bp, based on total debt issued. I feel like it is critical that the program be reduced to a much lower flat rate (say 25bp) or indexed to the Fed Funds Target Rate so bankers don’t get squeezed.

I appreciate your consideration in this matter for all community banks.

Thanks,
Tyler Ferguson
Coastal Community Bank
Senior Vice President
2817 Colby Avenue
Everett, WA 98206
Phone 425-257-9000
Cell 425-367-2953
Fax 425-257-0521