From: Kim Kimlin [mailto:KKimlin@neighborhoodcapital.org]
Sent: Friday, September 17, 2004 10:22 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Our non-profit has 68 community development corporations as members,
many of which are located in rural areas. I have heard from many of them
in recent weeks regarding the proposed FDIC ruling that would allow
banks with assets greater than $250 million to be examined as small
banks under the Community Reinvestment Act.
Our rural members believe that this ruling will particularly reduce
lending and investments that benefit low- and moderate-income residents
in their communities. On their behalf, Neighborhood Capital Corporation
opposes the proposal.
Kim Kimlin
Executive Director
Neighborhood Capital Corporation
www.neighborhoodcapital.org
