From: Stephanie Ross [mailto:stephanieross@earthlink.net]
Sent: Wednesday, October 20, 2004 7:00 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
As an individual who ahs been involved in developing housing for very low
income persons and families, 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. This change would harm low- and
moderate-income communities, and leave some states with no banks subject to
a full CRA exam. The private sector needs some prodding to help finance
housing and community development for low and moderate income households and
communities. These dollars will be leveraged by enabling persons to get a
step closer to the American dreams of homeownership and small business
ownership. Therefore I encourage you to abandon your proposal.
Sincerely,
Stephanie Ross
2 Pier Way Landing
Westport, CT 06880
Voice: 203.227.2165
Fax: 203.227.7861
