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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations


From: Danny Knee [mailto:dknee@tucsonurbanleague.net]
Sent: Thursday, September 16, 2004 2:17 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

As an affordable housing practitioner, it is hard to describe how disappointed I am with the proposed rule change. The Community Reinvestment Act (CRA) has been one of the most effective levers to ensure banks are providing low and moderate income families, through a whole host of programs and requirements, access to capital. While I wish I could believe that the institutions exempted under the proposed rule and thereby undergoing less stringent reviews and requirements would still meet their obligations under CRA, the banking industries own practices which lead to the creation of the CRA suggest otherwise. This policy, undoubtedly, would reduce lending, investments and services in low-income communities.

Therefore, 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.

Sincerely,

Danny Knee
Affordable Housing Developer

dknee@tucsonurbanleague.net
Last Updated 09/27/2004 regs@fdic.gov

Last Updated: August 4, 2024