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From: McCracken, Janice [mailto:Janice.McCracken@nationalpenn.com]
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.
|Last Updated 10/29/2008||Regs@fdic.gov|