Subject: File No. S7-03-13
From: Milton Ryalls

June 24, 2013

I think that if you are going to hold up paying out money from a money market account, that at least a minimum amount of money should always be available (say $10,000). People have grown used to using money market accounts as checking accounts, and need to be able to continue to write checks to pay bills from their money market account without worrying about whether the check (withdrawal) is held up therefore making the payment late. This would in turn cause interest and penalties that a person was not planning for.