Federal Deposit
Insurance Corporation

From: Randall B. Shorr [mailto:rshorr@shorrlaw.com]
Sent: Tuesday, October 19, 2004 5:42 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I am deeply opposed to the proposal to weaken the Community Reinvestment Act by streamlining examination of banks with assets up to $1 billion. Streamlined examination will result in reduced CRA lending by the affected institutions. The result will be inadequate capital flowing to the development of affordable housing in the communities served by these institutions. The proposal is an abdication of the FDIC’s oversight responsibility. It is bad public policy.

Randall B. Shorr

Attorney at Law
6314 Franklin Boulevard, N.W.
Cleveland, Ohio 44102-3151
216-631-1221 (tel)