FDIC Federal Register Citations

341 Garnett Court # 5
Fayetteville, AR 72701
September 19, 2004

Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429-9990.
Re: RIN 3064-AC50

Dear Mr. Feldman:

Over the past twenty years, my public service and community development work has ranged from work as an congressional aide in the United States Senate to chairing the Advisory Council for the Federal Home Loan Bank of Dallas to work with grassroots community development organizations to develop jobs and housing in one of the poorer parts of the United States. Therefore, my experience with community reinvestment issues is first hand, and I understand the balance between political realities and community need.

I am writing to you to state strong opposition to the proposed changes in the Community Reinvestment Act regulations. For small towns, the changes could be a death knoll to community revitalization efforts. The regulations would exclude such a substantial percent of rural banks that the regulations could no longer be viewed as encouraging the kind of investment that the regulations were developed to promote. In my opinion, this would not only undermine rural communities, but it would be bad policy for our nation. Please do not adopt this rule.

Respectfully,

Michael Jackson