|
FDIC Federal Register Citations
From: louiseden@aol.com [mailto:louiseden@aol.com]
Sent: Wednesday, October 20, 2004 11:06 PM
To: Comments
Subject: RIN 3064-AC50
Re: Preserving the Community Reinvestment Act
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429
Dear Mr. Feldman:
As a socially responsible investor, I am aware of the vital role played
by CDFIs in revitalizing communities through affordable housing and small
business startups. The Community Reinvestment Act has provided banks
with an important incentive to work with CDFIs and provide vitally needed
capital to struggling communities. I chose to invest in the Domini Fund
in an effort to support their work in the community and to promote a
better environment and world for us in which to live ... please note
the following: I urge you to withdraw the FDIC’s rule proposal
that would allow midsize banks to pursue only one of the three important
community development activities they are now required to undertake:
lending, investment, and services. I believe that this misguided rule
would mean a devastating reduction in support for the essential work
of CDFIs, resulting in fewer jobs, fewer affordable homes, and fewer
community services.
Yours Sincerely,
Louise Denish
|