From: Marisa Novara [mailto:mnovara@fic-sff.com]
Sent: Wednesday, August 25, 2004 12:13 PM
To: Comments
Subject: proposed changes to CRA
I am writing to register my opposition to proposed change in the
definition of the small bank threshold from $250 million to $1 billion.
The Community Reinvestment Act is a critical component to my communitys
affordable housing and community development solutions. I oppose any
increase to the threshold of what is considered to be a small bank. The
proposed FDIC rule would exempt many of my communitys critical partners
from the effective and productive requirements currently in place.
Without CRA regulation, many banks would pull their support of essential
community and economic development which my community needs.
I strongly urge FDIC to withdraw its proposed rule.