FDIC Federal Register Citations

Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW
Washington, DC 20429

RE: RIN 3064-AC50

Dear Mr. Feldman:

I am very concerned about the potential raising of the threshold for full CRA compliance from $250 million to $1billion. Presently there are three states and the District of Columbia that have no banks with over $1 billion in assets. In addition, there are 13 states that have four or fewer banks or financial institutions with over $1billion in assets.

The cumulative effect of such a change is that there would be far fewer CRA assets available to the developers of affordable housing, particularly in rural areas across the United States. If you combine that with the fact that we are likely to see an increase in interest and mortgage costs in the next few years, the American dream of affordable housing will be that much more unattainable for thousands of families.

Thank you for your consideration on this very important matter.

Sincerely,

Sarah Frank

Graduate Studies
Department of Community and Leadership Development
College of Agriculture
University of Kentucky