From: MADyar1@aol.com
[mailto:MADyar1@aol.com]
Sent: Monday, September 20, 2004 5:05 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
To Whom It May Concern:
I want to register my opposition to the FDIC's proposal limiting
the extent of CRA examinations for banks with assets above $250 million.
Over the years, the Community Reinvestment Act has proven highly
successful ensuring that banks respect and serve the needs of all
customers in their service areas. Besides providing critical support
in community development, the CRA has also promoted greater human
potential, especially in low-income neighborhoods.
I had the great
honor this summer to intern at ShoreBank in Chicago, the founder
of which,
Ron Grzywinski, was the first and only banker
in support of the CRA. I saw first-hand how well the CRA has worked
to improve and lift up disadvantaged communities. I therefore oppose
any reduction in its effectiveness, as that which would result from
the FDIC's proposal "Community Reinvestment 12 CFR Part 345."
