From: Julia O'Connor [mailto:jomtna@sbcglobal.net]
Sent: Wednesday, September 15, 2004 6:06 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50

Julia O'Connor
154 West Tripoli Avenue
Milwauke, WI 53207

September 15, 2004

Federal Deposit Insurance Commission

Dear Federal Deposit Insurance Commission:

Despite the successes of community development locally and nationally, the banks and thrift institutions that provided the loans, services, and investments to build new homes, businesses, and community facilities may no longer have the impetus to do so if the FDIC raises the comprehensive CRA exam threshold.

I agree with the National Congress for Community Economic Development that this proposed change would have a devastating effect on affordable housing and community development investment throughout the nation, particularly in rural areas.

President Bushes comments promoting an "Ownership Society" are truly disingenuous if the actions of officials he appointed are undermining proven laws that revitalize communities, increase minority homeownership, and increase small business ownership for women and minorities.

Please rescind your proposal.

Sincerely,

Julia B. O'Connor