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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

Legacy Bank

From: Carrie Sides [mailto:CarrieS@legacybank.com]
Sent: Friday, October 15, 2004 10:04 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I strongly believe the FDIC should raise the CRA threshold $1 billion. The current regulation is very burdensome for community banks. The reporting requirements are very time consuming and are overly complicated. I feel that community banks provide adequate support through loans, investments and services without the regulation. I also feel that the investment test of the regulation is extremely limiting. A bank should be able to choose when and where it wishes to make donations and investments without regulatory burden to do so.

Carrie Sides
Legacy Bank
Compliance Officer
Duncan North

Last Updated 11/04/2004 regs@fdic.gov

Last Updated: August 4, 2024