Federal Deposit
Insurance Corporation

From: Kyle Mclemore
Sent: Thursday, November 06, 2008 1:34 PM
To: Comments
Subject:

Mr. Robert E. Feldman,

I am sure you have had several comments from banks all across the Midwest opposing the bail out as well as bulletins/regulations/change in FDIC coverage/premiums, that have followed. Please add mine to the list.

Specifically discussing the current FDIC plan to increase their reserve by charging insured banks more for coverage is a bad idea. This all stems from problems created by larger banks. Most community banks have operated in a very conservative manner in our respective communities and provided very safe and sound financial products for our customers. With the increase in premiums as well as the additional regulatory burden created by the FDIC as well as the OCC you are making it impossible for community banks to remain profitable. If a financial institution has to be 1 billion dollars in total assets to cover the overhead of operations there is going to be another acquisition run. If the governments intent is to squeeze out the community banks in this country they are doing a great job. We continue toward a time in which there will just be a handful of banks in our country. Is this an effective way to manage financial risk??

Kyle McLemore