FDIC Federal Register Citations
From: Alan Cagnoli [mailto:acagnoli@sso.org]
Sent: Monday, October 25, 2004 4:05 PM
To: Comments
Subject: RIN 3064-AC50
October 25, 2004
Mr. Robert E. Feldman
Executive Secretary
Federal Deposit Insurance Corporation
Attention: Comments/Legal ISS
550 17th Street, NW
Washington, DC 20429-9990
Re: RIN 3064-AC50
Dear Mr. Feldman:
The National Association of Towns and Townships (NATaT) would like to
register its strong concern that the proposed FDIC rule changing the
assets
ceiling definition of a "small bank" from $250 million to
$1 billion will
have a seriously harmful effect on the ability of small communities to
secure capital to attract development. Many rural communities are
struggling to reverse negative economic growth even under the current
CRA
regulations; this proposed change could deal an insurmountable blow to
those
efforts.
We ask that the FDIC please postpone and reconsider this definitional
change
until further data on its impact is collected and reviewed.
Sincerely yours,
W. ALLAN CAGNOLI
Director, Government Relations
National Association of Towns & Townships
444 North Capitol Street, NW - Suite 397
Washington, DC
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