FDIC Federal Register Citations

From: Dave Bohmer
Sent: Sunday, November 09, 2008 5:38 PM
To: Comments
Subject: RIN 3064-AD35

I am AGAINST a FDIC surcharge on banks that use brokered deposits as a significant source of funding.  In many cases, certainly in ours, brokered deposits are a less expensive source of funding than finding additional local deposits:  These brokered deposits seem to be just as stable as a local depositor who has moved his money to our bank because we have the highest rate in the area.

I feel the FDIC should gage their risk profile on the quality of loans in a portfolio, and the type of off-balance sheet activities being conducted.

Sincerely, 
Dave Bohmer
President/CEO
Bonanza Valley State Bank
Brooten, MN