From: Virginia Phillips [mailto:viphi71303@cox-internet.com]
Sent: Sunday, September 12, 2004 7:48 PM
To: Comments
Subject: RIN 3064-AC50
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 member of the National Association of Retired Federal Employees
(NARFE), I submit my objection to the referenced proposed regulation
which could reduce loans and investments in rural communities by
state-chartered banks. The proposed regulation would need only one
Community Reinvestment Act (CRA) eligible activity, as opposed to the
three CRA activities (loans, investments and services) now required.
Rural communities, like Alexandria, need regulations that encourage
more investment by state-chartered banks, not less investment.
I look forward to a favorable reconsidertion of your agency's
position on this critical matter.
Sincerely,
Virginia Phillips
cc: National Community Reinvestment Coalition
Senator John Kerry
Senator John Edwards
President George W. Bush
