FDIC Federal Register Citations
From: Rose Marie Roberts [mailto:rmroberts@ovoinc.org]
Sent: Monday, October 18, 2004 5:24 PM
To: Communications
Subject: Opposed to change to CRA exams
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
change in policy would reduce lending, investments and services in
low-income communities. This change would harm low- and moderate-income
communities by allowing only 4% of the FDIC regulated banks to face full
CRA
exams. The greater number of full exams conducted need to be maintained.
This will insure that needed dollars are invested back into communities
like
the ones my organization serves in southeastern Indiana.
Rose Marie Roberts
Program Development Director
Ohio Valley Opportunities, Inc.
P.O. Box 1159
Madison, IN
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