From: Elizabeth Clay [mailto:eclay@justice.com]
Sent: Thursday, September 16, 2004 2:52 PM
To: Comments
Subject: Community Reinvestment 12 CFR Part 345
I oppose the FDIC's proposal to allow banks with assets above $250
million to be examined as small banks under the Community Reinvestment
Act. This policy would reduce lending, investments and services in
low-income communities.
The CRA has helped many low to moderate income families increase
their wealth and join the economic mainstream. It has also catalyzed the
revitalization efforts of communities. Weakening it by reducing the
tested criteria would have a negative effect on these families and these
communities, and ultimately the country.