From: Sheinzman [sheinzman@prodigy.net]
Sent: Monday, August 06, 2001 2:36 PM
To: rule-comments@sec.gov
Subject: File No. S7-12-01

Re: Interim Final Rules for Banks, Savings Associations and Savings
Banks
       Under Sections 3(a)(4) and 3(a)(5) of the Securities Exchange Act
of 1934
       Release File No. S7-12-01


Dear Mr. Katz;

It would be naive for the SEC to relax regulations pertaining to bank
activities involving securities.  Though the majority of financial
officials may be honest, history shows the lure of huge sums of money
will corrupt a significant percentage of individuals.

The savings and loan debacle of the recent past are a fair warning with
regard to breaching public trust.

The public must have complete faith through adequate oversight and
regulation that financial institutions operate ethically at all times.

Sincerely,

Scott Heinzman
37601 Grantland
Livonia, MI 48150