From: pstair@co.genesee.mi.us [mailto:pstair@co.genesee.mi.us]
Sent: Thursday, September 16, 2004 1:16 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
To Whom It May Concern
I am in support of an increase in the threshold for CRA inclusion but
not a capitalization of 1Billlion. It should be adjusted for the rate of
inflation or to a point where a certain percentage of the banks are
excluded ie: the smallest twenty five percent (25%). If urban centers
are to survive then there must be some incentive or requirement for the
regulated institutions (BANKS) to consider projects in those areas where
only the brave tread. Some compromise should be worked out
Philip G. Stair
Transaction Specialist
Genesee County Land Reutilization Council, Inc.
601 N. Saginaw St. 1B
Flint, MI 48
((810) 257-3088
(810) 257-3090 fax
