FDIC Federal Register Citations

From: Dtoocalstein@aol.com [mailto:Dtoocalstein@aol.com]
Sent: Monday, October 18, 2004 10:03 AM
To: Comments
Subject: RIN 3064-AC50

Dear FDIC
I am opposed to the proposed changes to the Community Reinvestment Act (CRA). It would greatly curtail housing investment and lending as well as retail services in low and moderate income areas. The proposed rule change would expand the difinition of small banks, which are currently exempt from the most meaningful CRA standards, to include most FDIC-regulated banks. This proposal's impact on rural areas is particularly severe, as rural banks would be able to get CRA credit for just about any activity, regardless of what income group is served.
CRA has been an effective financial vehicle for rural and urban communities for decades. Low and moderate income families of all races and ethnicitied have benefited from CRA with increased opportunities to purchase homes, open small businesses, or operate farms.
I AM OPPOSED TO THE PROPOSED CHANGE TO THE CRA.
Thank you for your attention, Dorothy Calvani