From:
Greg Peter
Sent: Wednesday, February 25, 2004 12:39 PM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov;
regs.comments@ots.treas.gov
Subject: EGRPRA
I operate a small rural
institution. I own 100% of the bank holding company that own 99.6%
of the bank. I am one of three directors,
CEO, CFO, President, Executive Loan Officer, Personell Officer, and
overall Janitorial Supervisor. I create: (1) unnecessary policies
that indicate I will comply with "compliance-mandated" FDIC
regulation; (2) policies that have to outline procedures that mandate
compliance with the compliance policy and give me, the President,
Management oversight authority over my loan committee and loan department
of which I am senior authority of both; (3) a loan policy that dictates
my lending authority and limits and dictates that I cannot lend in
excess of this authority without senior management and directorship
authority, of which I am the senior member of both, again.
My point: Why can't it be possible to consolidate this over-paperworked
mess for institutions in this situation. Most regulations and policy
mandates are designed for the mega-mergered; muli-officed; duty/personell
disected insitutitions that have no clue what the left hand is
doing to the right hand? Greg Peter, Pres (etc,etc,etc), Citizens
State Bank of Tyler, Inc., Tyler, MN.
