FDIC Federal Register Citations

From: First State Bank, Spearman [mailto:fsb@triangleinc.net]
Sent: Tuesday, September 25, 2007 3:28 PM
To: Comments
Subject: Consolidated Reports of Condition and Income 3064-0052

FIL-82-2007 indicates a change to RI - E reducing the amounts to be reported from 1% of total income to 3% of other income or other expense. We are a $75 million  institution. On our June call report other income totalled $35,000 which would have us reporting amounts as small as $1,000 in line items on RI-E. It would also having us reporting items as small as $7,500 for other expenses. Do you really want all that detail?  One solution might be to request items greater than $50,000 and 3% of other income or other expense.

Clay Schnell