FDIC Federal Register Citations

From: Clayton G. Leroux [mailto:cgleroux@adelphia.net]

Sent: Friday, February 01, 2008 3:34 PM

To: Comments

Subject: Comment on "Processing of Deposit Accounts and Insurance Determination Modernization"

I am pleased to have the opportunity to offer my comments on the proposed rules regarding “Processing of Deposit Accounts and Insurance Determination Modernization.”

I take no exception to the proposed rule and urge the FDIC to become more vigorous and vigilant in protecting depositors. This process needs to be made simple and fool-proof. I urge the FDIC to increase the maximum amount covered by insurance, due to the continued devaluation of the United States dollar. Further, I urge the FDIC to force banks to ensure, thru mandated “dry runs” , to be sure the banks can rapidly supply the information that would be needed in the event of a bank takeover.

Finally, in summary, I respectfully request the FDIC do everything in its power and, as necessary, seek additional empowerment and funding to ensure it does everything it can to protect depositors of all banks.

Thank you.

Clayton G. Leroux
257 Crocker Park Blvd.
Suite 208
Westlake, OH 44145