Federal Deposit
Insurance Corporation

From: Kevin Hanley [mailto:kh@southsidepgh.com]
Sent: Tuesday, October 19, 2004 5:08 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I urge you to oppose the proposed changes to the Community Reinvestment Act. While it may be true that large institutions control the majority of assets and will remain subject to CRA regulations, the smaller "regional" banks that could become exempt represent a valuable and integral part of the neighborhood serving businesses that continue to serve many Americans. Exempting those banks implies that CRA is a burden rather than a responsibility. CRA is an important community economic development tool that only becomes onerous when an institution fails to remain accountable and responsive to its customers.

Thank you.

Kevin Hanley
Manager of Real Estate & Housing Programs
South Side Local Development Company
50 South 14th Street
Pittsburgh, PA 15203
t - 412.481.0651