Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations

From: Paul Johnson [mailto:Paul_in_portland@msn.com]
Sent: Wednesday, October 13, 2004 4:49 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I oppose the FDIC's proposal to allow banks with assets above $250 million to be examined as small banks under the Community Reinvestment Act. There is at present a strong incentive for larger banks to invest in poorer areas of our communities because of facing potential penalties if they do not. Reducing or eliminating the audit would decrease that incentive. If there is to be any change in audit procedures, I would encourage more frequent audits of the larger banks; they are the primary source of this type of investment and strengthening their incentives to invest (or disincentives to not invest) would benefit our communities. I therefore strongly feel that the proposed change in policy would reduce lending, investments and services in low-income communities. Paul Johnson, Portland, OR




Last Updated 11/01/2004 regs@fdic.gov

Last Updated: August 4, 2024