200 E. Commerce Jacksonville, Texas 75766 903-586-1526 903-541-2086 Fax

Austin Bank October 3, 2012 Federal Reserve Board RE: Basel III Docket No. 1442 Ladies and Gentlemen: I am writing to oppose the new proposed Basel III standards. I am also asking that community banks be exempt. Frankly, the whole proposal should be examined for the unintended consequences. I feel the Basel III Proposal will cause an artificial credit crunch in our area and around the country, here is why: In Cherokee County, where we are domiciled, the average home purchased/for sale is $120,000. Right now, our bank could potentially make $1 billion in 1-4 multi-family mortgage loans with existing risk weights. Let's take a look at the impact: If the risk rating = 50%, $1 billion ÷ $120,000 = 8,333 loans made If the risk rating = 100%, $1 billion ÷ $120,000 = 4,167 loans - a reduction of 4,166 loans And if, the rating = 200%, as proposed, $1 billion ÷ 2,083 loans! - a reduction of 6.250 loans Our banks will lose the ability to make loans and our capital would be drastically reduced. With Freddie Mac and Fannie Mae out of the equation, this will further lead to a "rationing of loans" I am asking you to delay or suspend the new rules associated with the Basel III Proposal. Our industry depends on your support - so do the millions of consumers across the country. Please do not hamper community banks from doing what they do best - making loans in their communities. Respectfully.signed. Jeff Austin, III Vice Chairman CC: Eric Sandberg, Texas Bankers Association Frank Keating, American Bankers Association Congressman Jeb Hensarling Congressman Louie Gohmert Congressman Randy Neugebauer Senator Kay Bailey Hutchison Senator John Cornyn 200 E. Commerce Jacksonville, Texas 75766 903-586-1526 903-541-2086 Fax .

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