From: James Murphy [mailto:jmurphy@pacificstatebank.com]
Sent: Wednesday, October 29, 2008 5:15 PM
To: Comments
Subject: RIN # 3064-AD37

Dear FDIC Comment Line:

Please make the playing field more level by reducing the annualized fees banks are assessed to be part of the Debt Guarantee Program. 75 Basis Points is too high! This is particularly true given that the FOMC reduced the Federal Funds Target rate to 1.0 %

If you leave the assessed fee at .75 basis points in the current economic conditions, many smaller banks will opt out. They may then be at a severe competitive disadvantage in terms of retaining and attracting customers.

Sincerely,

Jim Murphy
Pacific State Bank
A. Vice President -- Commercial Loan Officer
Direct: 510-300-1743
Cell: 510-432-3121
Fax: 510-581-1695
Branch: 510-300-1730

www.pacificstatebank.com
jmurphy@pacificstatebank.com