FDIC Federal Register Citations

From: hannigan@morgancollins.com [mailto:hannigan@morgancollins.com]
Sent: Wednesday, October 20, 2004 8:42 AM
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:
The Community Reinvestment Act has provided banks with an important incentive to work with CDFIs and provide vitally needed capital to struggling communities.
I urge 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. I believe that this rule would result in a substantial reduction in support for the essential work of CDFIs, resulting in fewer jobs, fewer affordable homes, and fewer community services.
Respectfully,
Connie Hannigan