Gorsuch Sent: Tuesday, November 11, 2008 10:03 AM To: Comments Subject: TLGP RIN #3064-AD37
have serious reservations about the impact on our small, community bank with
what may come out of the TLGP program and how it would impact our ability to
borrow overnight Fed Funds and the associated cost to do so.
rarely use overnight funds. But during heavier needs for credit to serve
our businesses and consumers, we do so occasionally. It is an important
part of our liquidity planning.
are a shareholder and client of Bankers’ Bank of Wisconsin. We want them to
be able to continue to provide us with the correspondent banking services so
important to us. The Bankers’ Bank and we have developed an efficient model
to deal with liquidity needs and our preference is that it will continue.
TLGP has a significant cost associated with it and we have always found an
available market for overnight funds without the necessity of insuring
such. Why should we be forced to fund the costs of other operations?
prefer the TLGP either be reduced in costs or is eliminated completely.
are a well capitalized bank.
Robert C. Gorsuch
Chairman & CEOOak Bank