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Each depositor insured to at least $250,000 per insured bank



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FDIC Federal Register Citations

From: Mari-Elen Sammon [Mari-Elen@wire-net.org]
Sent: Thursday, September 16, 2004 4:38 PM
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 policy would reduce lending, investments and services in low-income communities. Policies that will make it easier for banks to avoid lending in low income communities like the one served by our organization will harm investments in housing, retail and industrial development, and lead to a vicious cycle of reduced tax base, reduced employment, and eroding public services (safety, infrastructure, education, etc.).


Last Updated 09/20/2004 regs@fdic.gov

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