FDIC Federal Register Citations

From: Sharon Boyd [mailto:sboyd2@rochester.rr.com]
Sent: Monday, September 13, 2004 9:31 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I strongly oppose the proposed rule changes in the Community Reinvestment Act (RIN 3064-AC50). This action will do harm to rural communities. This surprise development of sidestepping Congress and exempting 3/4 of the affected banks from their CRA obligations has critical implications for the future of rural America.

Without using a dime of taxpayer money, the Community Reinvestment Act (CRA) has put more than $1.5 trillion into building affordable housing, creating small businesses, and financing needed facilities like healthcare and daycare centers in poor and middle class communities across America.

People from small towns, farms, and working class neighborhoods deserve access to financial services just like people from affluent communities. If local investment goes away, then so do the opportunities for working families who are striving to make their own way. They deserve better.

Sharon Boyd
631 Plank Road
Macedon, NY 14502