From: loans@neighborhoodsinc.com [mailto:loans@neighborhoodsinc.com]
Sent: Friday, September 17, 2004 9:51 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
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. This new policy would reduce lending, investments and services
in low-income communities. At present the ONLY reason many banks
are involved in low-income community projects at all is to meet CRA
requirements. Elimination of those requirements from a vast number
of financial institutions would have severe consquences for low-income
communities.
Thomas J. Conley,
Director of Lending & Operation
Neighborhoods Incorporated of Hammond Indiana
