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FDIC Federal Register Citations
United
Communities Community Development Corporation
From:
D.K. Johnston [mailto:ucjohnston@navpoint.com]
Sent: Wednesday, October 20, 2004 2:12 PM
To: Comments
Cc: Rick Sauer
Subject: Community Reinvestment -- RIN 3064-AC50
October 20, 2004
To The Federal Deposit Insurance Corporation
Dear Sir or Madam:
I write to express concern over the proposed change to drop Community
Reinvestment Act reporting for many smaller banks.
As Executive Director of a Community Development Corporation in Philadelphia,
I see a great need for continued community reinvestment in our poorer
neighborhoods. I am aware that this is a concern in rural areas as
well. The Community Reinvestment Act is a very important vehicle for
banks to participate in work with us and others in these neighborhoods
and rural areas and its application should be continued and enlarged.
Our nation will not be strong with some areas neglected and others
receiving all the investment.
Please do not approve the removal of smaller banks from the Community
Reinvestment Act reporting requirements.
Sincerely,
D. K. Johnston, Executive Director
United Communities Community Development Corporation
2029 S. 8th Street
Philadelphia, PA
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