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Cape Cod Cooperative Bank
From: Linda Stott [mailto:lstott@CapeCodCoop.com]
Sent: Friday, October 28, 2005 11:05 AM
To: firstname.lastname@example.org; Comments; email@example.com; firstname.lastname@example.org
Cc: Joel Crowell
Reference: EGRPRA Reduction Comments
We would like to give you feedback on FIL-82-2005.
On #1 The prohibition of payment of Interest on Demand Deposits. We believe it remains a valid law. The prohibition should not be overturned.
On #2 Limits on Extensions of Credit to Executive Officers, Directors and Principal Stockholders.
First The Regulation should have a floor such as $2500 to allow without unnecessary reporting for overdraft protection.
Second The Regulation O and the State of Massachusetts regulations are so different Banks find the best solution is to send insiders anywhere else to borrow.
Linda Stott on behalf of Joel G. Crowell, President Cape Cod Cooperative Bank
|Last Updated 10/28/2005||Regs@fdic.gov|