From: pyung@pyung.com [mailto:pyung@pyung.com]
Sent: Tuesday, October 19, 2004 10:52 PM
To: Comments
Subject: RIN 3064-AC50

Re: Preserving the Community Reinvestment Act
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429

Dear Mr. Feldman:

This may look like a form e-mail, but I've edited it, so please keep reading.

I urge you to withdraw the FDIC’s rule proposal that would allow midsize banks to pursue only one of the three important community development activities they are now required to undertake: lending, investment, and services. I believe that this misguided rule would mean a devastating reduction in support for the essential work of CDFIs, resulting in fewer jobs, fewer affordable homes, and fewer community services. This is just another step towards siphoning job and capital overseas and not at home where we need it!

Yours Sincerely,
Christine Yun