From: tmckone@uchicago.edu [mailto:tmckone@uchicago.edu]
Sent: Monday, September 20, 2004 5:31 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
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.
The CRA is a crucial tool for insuring that LMI neighborhoods have
adequate
access to finanancial tools. Exempting larger banks will only serve
to
undermine the original purpose of the CRA. Having worked at a community
development bank, I understand the importance of CRA examinations
for catalyzing
banks to serve all communities in their market. Don't allow us to
slip back to
the days of redlining.
