BARRY A. BRYANT, Magistrate Judge.
BEFORE the Court is the Motion to Reconsider Indigency Status (ECF No. 13) filed herein by Defendant. On February 12, 2016, the undersigned appointed the Federal Defender to represent him but added a condition the Defendant reimburse the Government for the Federal Defender fees incurred in his representation of Defendant. ECF No. 6. This Motion has been referred to the undersigned for decision.
Defendant avers the following in the Motion to Reconsider:
Defendant did not specify what new circumstances warrant reconsideration. On March 16, 2016, the Court entered an Order allowing Defendant to file, under seal, a supplement to his Motion to Reconsider setting out with specificity what circumstances have changed or what new circumstances exist which would warrant reconsideration of the Court's Order of February 12, 2016. ECF No. 14.
On March 23, 2016, Defendant filed his Supplement to Motion To Reconsider Indigency Status. ECF No. 17. According to Defendant, he has a sum of money placed into two Certificates of Deposit that do not mature until 2017 and he will be penalized for early withdrawal. Id. Counsel for Defendant estimates this matter will require at least 90 hours of representation and costs of expert services that exceed $5,000.00. Id. Defendant also asserts he is intellectually functioning in the borderline range and does not have the ability to replace the funds if withdrawn from his two Certificates of Deposit. Id.
In reviewing Defendant's Supplemental information and arguments of counsel, this Court is not persuaded by Defendant's arguments that he is financially unable to pay the attorney fees and cost of his defense. Based upon counsel's estimates of cost of defense, Defendant's balance in his two Certificates of Deposit is more than adequate to allow reimbursement; even taking into account a financial penalty for early withdrawal.