From: Eugene [mailto:ejpatron@earthlink.net]
Sent: Saturday, September 18, 2004 3:50 PM
To: Comments
Subject: SPAM::Community Reinvestment -- RIN 3064-AC50
To Whom it May Concern:
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.
This will leave some states with no banks subject to a full CRA
exam,
causing great harm to low- and moderate-income communities.
We need to strengthen CRA guidelines and enforcements, not reduce
the
number of financial institutions which participate.
