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FDIC Federal Register Citations
From: Ruth Lindberg [mailto:RuthL@doh.state.ri.us]
Sent: Monday, October 18, 2004 8:46 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Dear FDIC,
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. Families
and communities across the United States are already being financially squeezed
by rising rents and a decrease in the availability of housing. This policy
will further exacerbate an existing and growing problem, pushing more and more
families and communities into extreme poverty and driving communities to suffer
from other problems associated with unaffordable housing, such as poor health
outcomes.
Thank you for your consideration.
Sincerely,
Ruth Lindberg
Providence, RI
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