Federal Deposit
Insurance Corporation

From: Patricia M. Wallace [mailto:pwallace@oua-adh.org]
Sent: Monday, October 25, 2004 3:03 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

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. I live and work in low-income neighborhoods in New Haven, CT and know how important it is to have home owners in these neighborhoods which have very low rates of home owners. In the past I have done testing for racial steering in home sales in New Haven, and experienced such steering, which, at the time, was not at all subtle. CT, one of the richest states in the nation, is 48th in the rate of minority homeownership according to Fannie Mae. This is because of systemic problems. The protections required by CRRA are needed with banks large and small. Thanks. Patricia Wallace, 66 Edgewood Avenue, New Haven, CT 06511.