Randall Sent: Monday, November 10, 2008 5:30 PM To: Comments Subject: RIN #3064-AD37
Comments on the (TLGP) Temporary Liquidity Guaranty Program
feel that we (Community Bank, Dunlap, IA) are a well run, well capitalized
“Opt Out” provision of this program leaves me wondering why the publishing
of the bank listing when we “Opt Out” shouldn’t be the other way around.
Those that feel they need this additional coverage should disclose the
fact. By listing well run, well capitalized institutions just because they
choose to “Opt Out” might lead the public to think they are not a safe
institution, which is not true.
a user of correspondent banking services, I’ve learned that should I need to
borrow funds through them, that the cost may reflect “tiered-pricing”
because of the TLGP. It seems that this isn’t equitable to strong community
While I don’t anticipate the need to participate in the TLGP, it does seem
to have a high cost. I feel like we are being forced to participate to
protect our good name. By running a safe, secure and fundamentally strong
financial institution, we are NOT putting the FDIC funds at risk.
have thought that the TLGP is structured wrong for an insurance company. If
all strong financial institutions “Opt Out” and only the weak participate,
isn’t there great risk of adverse selection?
T Randall, President
601 Iowa Ave., PO Box 145
Dunlap, IA 51529-0145