From: JOE BOUFFARD [JBOUFFARD@Patapscobank.com]
Sent: Thursday, January 02, 2003 5:43 PM
To: Rule-comments@sec.gov
Subject: File No S7-52-02 Comments

Gentlemen:

We welcome the requirement that all Form 3's, 4's and 5's be filed 
electronically. However we have a major fear and distrust of the 
EDGAR system. 

We are sure that the system works fine for the bulk of the SEC's needs. 
However, we have found that any item which we need to file with the SEC 
on the EDGAR requires that we retain a third party (either an attorney 
or a printer) to transmit and complete our correspondence with the SEC.

While we are not happy with the additional expense this incurs, we are 
particularly fearful that timely information such as the filing of a 
Form 4 will not be completed in the required time frame.

We strong request that any required electronic filing be done in a user 
friendly way (such as an email with an attachment) in a format that is 
readily available and widely used (IE MS Word). Currently the EDGAR 
system would not come close to meeting this request.

Thank you for hearing us out.

Yours truly

Joseph J. Bouffard 
President
The Patapsco bank.
Baltimore, MD.

410-285-9327  

Joe Bouffard