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FDIC Federal Register Citations Community Bancshares of Mississippi
From: tharris@communitybank.net [mailto:tharris@communitybank.net]
Sent: Tuesday, June 07, 2005 2:49 PM To: Comments Subject: Classification of Commercial Credit Exposures Notice for Public Comment on Interagency Proposal
Dear Sir:
Please accept this e-mail as our banks' objections to the proposed
classification of commercial credit exposures. This new classification
system is both not needed nor wanted.
This new system will be more complex and more burdensome, especially for
the smaller institutions. Both the regulators and the bankers have
developed a common vocabulary and understanding of terminology. With all
the new increased regulatory burdens and increased paperwork, why would
the agencies want to change this vocabulary?
The bottom line is that we seriously question whether there is a big
enough problem with the current loan rating system to warrant a completely
new rating system.
Thank you for your consideration.
Sincerely,
Freddie J. Bagley
President and CEO
Community Bancshares of Mississippi |
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Last Updated 06/08/2005 | Regs@fdic.gov |