From: Alex Brazynetz [mailto:alex@stockyardredevelopment.org]
Sent: Thursday, September 16, 2004 5:14 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Dear Members of the FDIC:
I oppose the FDIC's proposal to allow banks with assets over $250
million to be examined as small banks under the Community Reinvestment
Act. The reduction of investment, lending and services in low-income
communities will only serve to further disinvest those individuals most
in need of assistance and opportunity. The Statistical Planning Area for
our community development corporation has a population of 8,616 out of
which 3,065 were identified as living in poverty in the 2000 census.
There are an ever increasing number of homes that are becoming vacant
and abandoned. Whatever can be done to encourage banks to assist in
efforts to reverse this trend, and to educate the community at large,
will only help to build and create assets for all.
Alex E. Brazynetz
Executive Director
Stockyard Redevelopment Organization
6605 Clark Avenue Suite 101
Cleveland, Ohio 44102
TEL 216-961-7687/FAX 216-961-7693
