FDIC Federal Register Citations

From: hanzlikgreen@wisc.edu [mailto:hanzlikgreen@wisc.edu]
Sent: Tuesday, October 19, 2004 10:19 PM
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: I am a socially responsible investo who is aware of the vital role played by CDFIs in revitalizing communities through affordable housing and small business startups. The Community Reinvestment Act provides banks with an important incentive to work with CDFIs and provide vitally needed capital to struggling communities. Please 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. This misguided rule would inappropriately reduce support for the essential work of CDFIs, resulting in fewer jobs, fewer affordable homes, and fewer community services. Thank you for your consideration, Christie Hanzlik-Green, PhD Candidate, University of Wisconsin-Madison