From: Mike Lonergan [mailto:mikel@trm.org]
Sent: Friday, September 17, 2004 5:33 PM
To: Comments
Subject: SPAM::Community Reinvestment -- RIN 3064-AC50
Ladies and Gentlemen of the FDIC,
The Community Reinvestment Act is working. In communities served by
small to medium sized banks, it’s just as important to have those banks
demonstrate effective good-faith efforts to use best practices for
Community Reinvestment as it is to have CRA compliance by the largest
banks. Raising the threshold for full CRA participation to the billion
dollar level is not a good idea for communities, banks, FDIC,
not-for-profit developers, or people in need of affordable housing.
Mike Lonergan
Executive Director
Tacoma Rescue Mission
(253) 383-4462
