From: William Teasley [mailto:w.teasley@att.net]
Sent: Saturday, September 18, 2004 12:29 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Importance: High
Dir Sir/Madam:
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. As well as severely impact those communities
ability to redevelop. Also, the goal of CRA is to motivate banks
and other financial institution into making community based investments
that can improve the quality of life for all of the residents in
a community. Weakening the monitoring guidelines will provide an
opportunity for more to not fully comply.