From: Flyfisher6032@aol.com
[mailto:Flyfisher6032@aol.com]
Sent: Friday, September 17, 2004 4:36 PM
To: Comments
Cc: Dan.Schwick@lssi.org
Subject: Community Reinvestment -- RIN 3064-AC50
The proposed change to define the size of our financial institution
will substantially reduce the amount of money reinvested in our communities.
I completely understand that the financial institution has to make
a profit, or go broke. We cannot allow our financial institutions
to exclude or change the following:
(1) The number and amount of community development loans (including
originations and purchases of loans and other community development
loan data provided by the bank, such as data on loans outstanding,
investments, community development loans, or community development
services and the extent to which the investments are not routinely
provided by private investors; and
(3) The bank's responsiveness to credit and community development
needs.
(4) Indirect activities. At a bank's option, the FDIC will consider
in its community development performance assessment:
(i) Qualified investments or community development service, provided by an
affiliate of the bank, if the investments or services are not claimed by any
other institution; and
(ii) Community development lending by affiliates, consortia and third parties,
subject to the requirements and limitations in Sec. 345.22(c) and (d).
It is obvious that I'm not a member of the financial institution industry,
but if this proposal hinders or reduces the amount of money our communities
receive, then we must not allow the rules to change. This is all a part of
keeping America strong. America is much more than money. America is the people
who live here. We really are our brother's keeper.
Your brother in christ,
Steve Biehler
24524 80th Avenue North
Port Byron, Illinois
