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FDIC Federal Register Citations

Community Bancshares of Mississippi
From: []
Sent: Tuesday, June 07, 2005 2:49 PM
To: Comments
Subject: Classification of Commercial Credit Exposures Notice for Public Comment on Interagency Proposal
Dear Sir:
Please accept this e-mail as our banks' objections to the proposed classification of commercial credit exposures.  This new classification system is both not needed nor wanted.
This new system will be more complex and more burdensome, especially for the smaller institutions.  Both the regulators and the bankers have developed a common vocabulary and understanding of terminology.  With all the new increased regulatory burdens and increased paperwork, why would the agencies want to change this vocabulary?
The bottom line is that we seriously question whether there is a big enough problem with the current loan rating system to warrant a completely new rating system.
Thank you for your consideration.
Freddie J. Bagley
President and CEO
Community Bancshares of Mississippi


Last Updated 06/08/2005

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