From: Evelyn Friedman
Sent: Thursday, September 16, 2004 3:05 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Nuestra Comunidad opposes the FDIC' 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. As Executive
Director of Nuestra I sit on a number of loan and investment committees
of lenders and syndicators. The banks sitting with me on these readily
admit that it is the CRA pressure that keeps them investing in these
pool. We can not lose this leverage.
Evelyn Friedman
Executive Director
Nuestra Comunidad Development Corporation
56 Warren St., Suite 200
Roxbury, MA 02119
tel: (617) 989-1202
fax: (617) 989-1216
