From: fmelton@comcast.net [mailto:fmelton@comcast.net]
Sent: Friday, September 17, 2004 12:09 AM
To: Comments
Cc: nmelton@ncrc.org
Subject: CRA
The Federal Deposit Insurance Corporation
550 17th St. NW
Washington, DC 20429
RE: RIN 3064-AC50
Dear Mr. Feldman,
I am writing to oppose any reduction of the CRA (Community
Reinvestment Act). The CRA as it presently is written assists lower
income folks and spurs homeownership. But the planned changes will not
be helpful and I strongly oppose them. Your new proposal will remove
needed requirements for all banks with major assests. It is clear that
these proposed changes will cause fewer loans, retard economic
development, diminish invest in lower income housing, etc.
I strongly urge that you remove your proposal like other federal
agencies have done. Thank you.
The Rev. Fred Melton
St. Mark's Lutheran Church
501 Duncan Road
Wilmington, DE 19810
