From: Buyobe Hammond, Shada R [mailto:Shada.Buyobe-Hammond@ci.minneapolis.mn.us]
Sent: Monday, September 20, 2004 9:00 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Importance: High
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. Further, this would disenfranchise low-income
people to become homeowners in the very communities they live in.
To purposely enact any law that would limit the ability of low-income
people to more forward economically is will serious undermine the
spirit of the Community Reinvestment Act.
