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FDIC Federal Register Citations

From: O'Neil, Bill
Sent: Wednesday, November 05, 2008 1:50 PM
To: Comments
Subject: RIN No. 3064-AD35

Mr. Robert Feldman,

On behalf of Carrollton Bank, I am writing to comment on the FDIC's proposed rule regarding changes to the FDIC insurance assessments to impose higher risk-premiums for federally insured deposits that use FHLB advances (or other secured deposits) in excess of 15% of domestic deposits.  I believe that this proposal would increase the cost of funding unnecessarily for our financial institution and discourage the prudent use of advances from the FHLB as a reliable source of funding to supplement core deposits.  For this reason, I strongly urge the FDIC to revise or delay implementing this proposal. Thank you for consideration of our institution's views.

 Sincerely,

William G. O'Neil
Chief Financial Officer
Carrollton Bank

 


Last Updated 11/05/2008 Regs@fdic.gov

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