From: McCracken, Janice [mailto:Janice.McCracken@nationalpenn.com]
Sent: Wednesday, October 29, 2008 1:45 PM
Cc: Reinhard, Mike; Miller, Tarrie; Wetzel, Debra; Rhoads, Gary
Subject: RIN # 3064-AD37
I am commenting on the DGP portion (Debt Guarantee Program) of the TLGP.
My institution has not made a final decision as of today whether or not we
will participate, but I wanted to let you know that the 75 basis point
annualized fee for participation is onerous – and VERY high, given the
current level of market rates, especially Fed Funds.
I believe a 25 basis point flat fee, or even a rate indexed to the Fed
funds Target Rate would be more appropriate.
Thank you for your consideration.
National Penn Bank