From: James L. Bohls
Sent: Thursday, March 25, 2004 12:37 PM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov; regs.comments@ots.treas.gov
Subject: EGRPRA

Dear Sirs:

Several recent Federal Regulations have created a burden on the Banking Industry in the area of mandatory annual disclosures. Principally Regulation P. - Consumer Privacy Protection requires an annual disclosure of the Bank's Privacy Policy/Program. This required annual disclosure has created a significant expense for the Bank due to the cost of producing and mailing these disclosures. In most cases these annual disclosures are not read by our customers. Those customers that do read the disclosures are confused as to the purpose of the disclosures and the accompanying Opt-Out Form. These disclosures are given out and explained when the customer opens any new account and this bank has not changed its Privacy Policy since it inception. Therefore, I suggest that the requirement for annual disclosures be repealed or modified to require disclosures only at the time a new account is opened or when a change is made in the bank's Privacy Policy.

Sincerely,

James L. Bohls
Vice President & Compliance Officer
The Farmers State Bank (Main Office)
Groesbeck, TX