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From: G. Richard Degen [mailto:GRDegen@hillcrestbank.com]
The purpose of this e-mail is to express our concern regarding the 75 basis point fee cost of the program. We feel that the fee is too high relative to current market rates, including Fed Funds. It is our opinion that the rate in the program be reduced to a much lower flat rate (say 25 basis points) or indexed to the Fed Funds Target Rate.
Thank you for your consideration.
G. Richard Degen
|Last Updated 11/03/2008||Regs@fdic.gov|