From: Tony Pucci [mailto:tpucci@bowmillsbank.com]
Sent: Thursday, June 03, 2004 10:45 AM
To: Comments
Subject: Overdraft Protection Guidance
The guidance
suggests that overdrafts created under an overdraft protection
program should
be "charged off within 30 days from
the date of the first overdrawn". Although reference is made
to other regulatory guidance providing exception to the 30 day charge
off guidance, we feel that 60 + days is more manageable, givine the
systematic collection process in most overdraft protection programs.
Anthony J. Pucci
Sr. VP/Treasurer
Bow Mills Bank and Trust
503 South Street
Bow NH 03304