From: TGerth1@aol.com [mailto:TGerth1@aol.com]
Sent: Saturday, September 18, 2004 2:39 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
It is inappropriate
to recommend such a significant increase (from $250 million to
$1
billion)in the definition of a small bank. A more
modest increase such as to $500 million would better serve the public.
In addition, the current level of scrutiny the banks receive in regards
to their community investment continues to be appropriate. The proposed
changes do not appear to be supported by evidence of a need to reduce
the "burden" on banks. These proposed changes do appear
to reduce beneficial banking practices for moderate- to low-income
communities.
