Thanx for responding... but you must admit that your 3 points are--though accurate and true-- rather weak. (a) FCFS still IS a PDL. My post would be ABSURD if it weren't. (b) FCFS does not manage demand deposits. This is a rather marginal truth, given that banks WANT TO use these as already in place platforms for PDLs. (c) The principles, problems and characters targeted in my post have nothing PARTICULAR to do with Ohio etc. But then neither do TARP based PDLs for ACORN, much less Faulkner and the Undertaker's roles...