FDIC Federal Register Citations

Citizens State Bank of  Loyal

EGRPRA
Office of the Vice Chairman
550 17th St. NW, MB-6000
Washington, DC 20077-5468

Mr. John M. Reich,

I was recently reviewing the regulations.that we as banks must adhere to. I was once again surprised to see REG A thru Z and AA thru EE.

We are a $96 million dollar bank serving the needs of the 10th poorest county of 72 in the state of Wisconsin. I find myself and my staff spending far too much time on making sure that the regulations are followed to the letter that have very little benefit to our hard working customers.

80% of our county is directly employed in agriculture. We support many community organizations, schools, Cooperative Extension, FFA, 4H and other causes for children and adults. CRA is our business. But I thank you for moving those time consuming reports to banks above $500 million. We will do CRA if you require it or not.

There are other regulations that need to be addressed such the Right of Recession and Truth in Lending. Many of these regulations were enacted do to exceptions and the general public has benefited little. It has resulted in unnecessary and few consumers reading the fine print. The assumption in many cases is that consumers know nothing.

Your help in sun-setting regulations would be appreciated. If we say nothing your assumption is that all of these regulations are okay. Many are not needed and
burdensome.

Sincerely
Gary F. Sipiorski, President