Federal Deposit
Insurance Corporation

From: Nancy Whit [mailto:nancywhit@pawtucketcdc.com]
Sent: Tuesday, October 19, 2004 5:46 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom it May Concern:

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. As a non-profit housing development corporation working to provide affordable housing in low-income communities in Pawtucket, RI, we need lending institutions with assets above $ 250 million and under $ 1 billion to continue to invest in our low-income and minority neighborhoods. Without the requirement of a full CRA exam for these institutions, there will be less incentive to make these investments.

Thank you for your attention and concern in this matter.

Nancy T. Whit
Executive Director
Pawtucket Citizens Development Corporation