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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

CITY OF EAST LANSING
 

From: Stephanie Gingerich [mailto:SGinger@ci.east-lansing.mi.us]
Sent: Thursday, September 16, 2004 3:17 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

As a Community Development practicioner, 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. I believe that it would lessen these banks' incentive to follow the practices that the CRA works to produce. The CRA is a tool that does make a difference in our communities and this change in policy would likely reduce lending, investments and services in low-income communities that cannot afford to lose their access to credit and investments.

Sincerely,
Stephanie Gingerich

Stephanie Gingerich
Community Development Analyst
City of East Lansing
517-319-6859
fax: 337-1607
sginger@ci.east-lansing.mi.us
Last Updated 09/28/2004 regs@fdic.gov

Last Updated: August 4, 2024