From: dcarson [mailto:dcarson@luea.org]
Sent: Thursday, September 16, 2004 1:28 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

TO whom it may concern,

I represent a community based development organization working to revitalize a depressed and disadvantaged urban area through land and property redevelopment, job creation and housing opportunities. I oppose the FDIC's proposal to allow banks with assets above $250 million to be examined as small banks under the Community Reinvestment Act (CRA). This policy would reduce lending, investments and services in low-income communities.

Banks and other financial institutions are very important partners in our work and we have a very healthy relationship with them within my community. I attribute this in part to requirements such as CRA. Changes to lessen the examination requirements would be not beneficial as they provide an important check and balance between community and capital interests.

Thank you for your consideration.

Dennis H. Carson
Executive Director/Vice President
Lafayette Urban Enterprise Association
Greater Lafayette Community Development Corporation
P.O. Box 277
Lafayette, IN 47902-0277
(765) 742-1984
(765) 742-6276 fax
dcarson@luea.org
www.luea.org
www.glcdc.org