Federal Deposit Insurance Corporation
Attn: Robert E. Feldman, Executive Secretary
Via: comments@fdic.gov
RE: Proposed Amendments to the Community Reinvestment Act Regulations
Dear Secretary Feldman,
Thank you for allowing us to comment on the proposed amendments
to the Community Reinvestment Act Regulations. OMNI BANK supports
the proposal to redefine small banks under CRA as having assets in
excess of $250 million, and further, supports increasing the CRA
asset threshold to $1 billion. We also support the proposed changes
to consideration of holding company assets as well.
We view this as a positive step toward reducing regulatory burden,
while maintaining the integrity of the original purpose of the Community
Reinvestment Act. Again, thank you.
Sincerely,
Elizabeth Hodge
Vice-President, Compliance
Omni Bank
Metairie, LA
