From: Ray King
Sent: Monday, November 03, 2008 5:55 PM
To: Comments
Subject: RIN # 3064-AD37

As we review the TLGP program , we feel we must comment. Please consider a more market relevant fee of 25 basis points or consider a rate indexed to the Federal Funds Target rate. The 75 basis point fee is too high relative to current market rates, including Fed Funds.

Thank you for the opportunity to respond.

Ray King
Sr. Vice President
Chief Lending Officer
Armstrong Bank