Federal Deposit
Insurance Corporation

From: Tom Saunders
Sent: Wednesday, November 05, 2008 1:46 PM
To: Comments
Subject: RIN 3064-AD35

Sirs,

Thank you for allowing us to have an opportunity to comment regarding Deposit Insurance Assessments relating to FDIC premiums on certain deposit categories.

Current statute requires depositories to pledge described, acceptable and sufficient collateral to all deposits of public funds in excess of FDIC insurance coverage.  However, these same deposits of public funds are also currently included in the FDIC insurance premium calculation.  We question the fairness of assessing this type of deposit as it poses no additional risk to the Fund based on the requirement to pledge additional collateral to cover the public fund deposits and hope you will also consider removing this type of deposit from assessment.

Thank you for allowing us to provide comments and suggestions.

President
Tom Saunders, President
Converse County Bank
Douglas, WY  82633