Federal Deposit
Insurance Corporation

From: KLGeiling@aol.com [mailto:KLGeiling@aol.com]
Sent: Tuesday, September 21, 2004 7:31 AM
To: Comments
Subject: RIN 3064-AC50, Community Reinvestment

Dear Mr. Feldman:

I am a concerned citizen strongly opposed to your proposal to
significantly weaken the Community Reinvestment Act (CRA).

You propose much easier CRA requirements for banks between $500 million to $1 billion in assets. This proposal will result in
much fewer home and small business loans to low- and moderate-income borrowers and much fewer community development
loans and investments in low- and moderate-income communities.

In addition, you propose that banks can earn CRA points by financing community development projects that benefit affluent
residents in rural areas, instead of low- and moderate-income consumers and communities in rural America. This is directly contrary to CRA's focus on meeting credit needs of low- and moderate-income communities.

In sum, all of your proposals will result in much fewer loans, investments, and branches in low- and moderate-income
communities. Please withdraw your harmful proposal.

Sincerely,
Karen Geiling