FDIC Federal Register Citations

From: MADyar1@aol.com [mailto:MADyar1@aol.com]
Sent: Monday, September 20, 2004 5:05 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom It May Concern:

I want to register my opposition to the FDIC's proposal limiting the extent of CRA examinations for banks with assets above $250 million. Over the years, the Community Reinvestment Act has proven highly successful ensuring that banks respect and serve the needs of all customers in their service areas. Besides providing critical support in community development, the CRA has also promoted greater human potential, especially in low-income neighborhoods.

I had the great honor this summer to intern at ShoreBank in Chicago, the founder of which, Ron Grzywinski, was the first and only banker in support of the CRA. I saw first-hand how well the CRA has worked to improve and lift up disadvantaged communities. I therefore oppose any reduction in its effectiveness, as that which would result from the FDIC's proposal "Community Reinvestment 12 CFR Part 345."

Mary Ann Dyar