FDIC Federal Register Citations

From: O'Neil, Bill
Sent: Wednesday, November 05, 2008 1:50 PM
To: Comments
Subject: RIN No. 3064-AD35

Mr. Robert Feldman,

On behalf of Carrollton Bank, I am writing to comment on the FDIC's proposed rule regarding changes to the FDIC insurance assessments to impose higher risk-premiums for federally insured deposits that use FHLB advances (or other secured deposits) in excess of 15% of domestic deposits.  I believe that this proposal would increase the cost of funding unnecessarily for our financial institution and discourage the prudent use of advances from the FHLB as a reliable source of funding to supplement core deposits.  For this reason, I strongly urge the FDIC to revise or delay implementing this proposal. Thank you for consideration of our institution's views.

 Sincerely,

William G. O'Neil
Chief Financial Officer
Carrollton Bank