Federal Deposit
Insurance Corporation

From: Schmillen, Andy 
Sent: Thursday, November 06, 2008 2:41 PM
To: Comments
Cc: Prinz, Jill; Konen, Brad; Meier, Laura
Subject: Assessments - RIN-3064-AD35 

Our bank has a significant amount of public, non-repo deposits (non-interest bearing and interest bearing) that we pledge investment securities against to essentially collateralize or guarantee the funds for the public entities we service in our market place.  Because these are collateralized, why are we also be assessed additional insurance coverage against these funds?  Is this not a "double dip" of liquidity cost relative to these types of transactions? 

Please advise,
Andrew J. Schmillen, CFA, CPA
Treasurer
American National Bank
8990 West Dodge Rd.
Omaha, NE  68114