Federal Deposit
Insurance Corporation

From: Marysa Wilcox [mailto:mwilcox@nycedc.com]
Sent: Tuesday, October 19, 2004 2:23 PM
To: Comments
Subject: Proposed revisions to CRA regs

Dear Mr. Chairman:

The proposed revision to CRA regulations are a mistake that would dilute current benefits to individuals within low and moderate-income communities. Mid-sized banks should remain accountable to the more stringent CRA examination procedures. The proposed revision would mean that only approxiamtely 4% of FDA regulated banks would be subject to a comprehensive CRA exam.

Additionally, the definition of community development activities becomes less than beneficial to individuals located in underserved areas and potentially beneficial to activities that happen to be located in rural areas that have never been categorized as low or moderate income.

Please reconsider the proposed revision to CRA regulations and continue the good work begun by this initiative.

Sincerely,
Marysa Wilcox