Federal Deposit
Insurance Corporation

From: jld@bayarearesearch.org [mailto:jld@bayarearesearch.org]
Sent: Wednesday, October 20, 2004 8:40 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: I write to ask 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. Such a rule would result in fewer jobs, homes, and services in the communities that need them the most. CDFI's play a critical role in helping communities through affordable housing and small business startups. And the Community Reinvestment Act is an important incentive for banks to work with CDFIs and provide vitally needed capital to struggling communities. Please keep the current incentives in place. Sincerely, Jane L. David 3144 David Ave Palo Alto, CA 94303 Jane L. David