Federal Deposit
Insurance Corporation

From: Marsha Radulovich [mailto:MRadulovich@HOLLYHILLFL.org]
Sent: Thursday, October 21, 2004 4:03 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

The City of Holly Hill has a strong CRA and does not support the banking sector’s lobbying for a FDIC proposal to quadruple the asset threshold for the CRA "streamlined" exam to $1 billion.

The FDIC proposal will harm low to moderate income communities, particularly in rural areas - and leave some states with no CRA-covered institutions - by removing CRA obligations from as many as 1,300 insured depository institutions.

Our city relies upon bank partnerships for affordable housing and community development. We need more private sector partners, not fewer.

Thank you.

Marsha M. Radulovich
Community Redevelopment Area Coordinator
City of Holly Hill
1065 Ridgewood Avenue
Holly Hill, FL 32117