Federal Deposit
Insurance Corporation

From: Paul Siebenmorgen
Sent: Friday, October 31, 2008 9:58 AM
To: Communications
Subject: CDARS as Brokered Deposits 

We do not feel the CDARS program deposits are Brokered deposits as they are guaranteed, they are local and they are priced by local banks like local  deposits.  Thank you for considering dropping them from broker deposits.   Paul Siebenmorgen, The Farmers & Merchants State Bank, Archbold, OH.