From: JIM SCHNELLER [mailto:jasinvstr@yahoo.com]
Sent: Tuesday, August 03, 2004 7:41 AM
To: Comments
Subject:
Banks are required to report quarterly, their experience on past due
loans and losses on loans.
In fairness to informed consumers and shareholders,it would be in
their best interest to have information related to the the number and
amount of losses and potential losses related to overdrafts extended to
consumers.
If the institution offers both pre-screened overdraft services as
well as the overdraft protection without a
pre-screening process, the prescreened are included in the RCN-N
schedule as loans and reflect in the loan loss amounts on the call
report. Since they are both loans by the institution, the latter being
the highest risk since little pre-screening is done, then it just makes
sense that the bank's experience should be made public.