From: Hill, Janice [mailto:j.hill@snhu.edu]
Sent: Monday, September 20, 2004 9:00 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Dear FDIC,
I have been involved in many aspects of community economic development
for over 20 years. I have experienced the benefits to low-mod income
communities because of the Community Reinvestment Act. As it currently
stands Community Reinvestment, 12 CFR Part 345 has allowed community
members to leverage loans – and in some cases, grants – to
complete much needed community projects, such as affordable housing.
I implore you continue the full CRA exam process for banks with
assets above $250 million. The higher asset threshold will serve
to decrease banks participation in low-mod communities. I oppose
the proposed change to allow banks with assets under $1 billion
to have a limited exam.
