Greene Sent: Wednesday, November 05, 2008 10:01 AM To: Comments Subject: Temporary liquidity program
Please accept this email as our comments on the 75 basis point premium on
the temporary liquidity program. In today’s environment, we believe that a
premium of such amount will continue to impair the banking industry from
recovery by increasing cost. At the present time, margins in the industry
continue to suffer due to the increased demand for liquidity for all of the
bank continues to maintain strong liquidity. We have worked very hard to
build a strong core customer base. We feel we should be able to participate
in the Temporary Guarantee program to guarantee our fed funds lines to our
correspondent banks. We believe the Treasury and the FDIC have put into
place programs that have a great opportunity to restore confidence in the
financial services industry.
Thanks you for accepting our comments on these important issues.
Please give me a call should you have any questions.