From: pvonc@olypen.com [mailto:pvonc@olypen.com]
Sent: Monday, September 20, 2004 11:18 PM
To: Comments
Subject: CRA
Dear Chairperson and Commission Members
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.
The CRA has been extremely beneficial to low-income communities.
The U.S. has a very poor record of helping to maintain and improve
low-income communities. The CRA has assisted in changing this trend.
Banks have an obligation to serve populations that provide them
with their savings; this includes low-income communities.
I urge you to be responsible and deny the FDIC proposal to weaken
the CRA.
Thank you very much.
Sincerely
Peter von Christierson
1229 – 29th St.
Port Townsend, WA 98368
