FDIC Federal Register Citations
Cape Cod Cooperative Bank
From: Linda Stott [mailto:lstott@CapeCodCoop.com]
Sent: Friday, October 28, 2005 11:05 AM
To: email@example.com; Comments; 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
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.
Stott on behalf of Joel G. Crowell, President Cape Cod Cooperative Bank