FDIC Federal Register Citations

From: Peg Eekhoff [mailto:pege@ambankiowa.com]
Sent: Wednesday, March 31, 2004 11:04 AM
To: Comments
Subject: Comments on CRA Revisions

Peg Eekhoff
525 North Main
Sioux Center, IA 51250

March 31, 2004

Dear FDIC:

I am writing on behalf of American State Bank, a state-chartered bank in
Sioux Center, IA. I strongly support the proposal of increasing the
asset size of banks eligible for the small bank CRA exam from $250 million
to $500 million and eliminating the holding company size limitations will
go along way in reducing the regulatory burden of many small banks,
including my institution. Increasing the size of banks eligible for the
small-bank streamlined CRA exam does not relieve banks from CRA
responsibilities. The growth and survival of the bank is intertwined with
the growth and survival of the community. The change merely reduces the
reporting requirements and costs for small bank, freeing up more time and
money that can be better spent in service to the community the bank is
located.

Thank you

Sincerely,

Peg Eekhoff