FDIC Federal Register Citations

From: Bob Van Meter [mailto:vanmeter@allstonbrightoncdc.org]
Sent: Monday, September 20, 2004 1:38 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I strongly oppose the proposal to revise CRA regulations to allow banks above $250 million in assets to be examined as small banks. This policy change would reduce community reinvestment and services in low-income communities. The Community Reinvestment Act has been a vital tool in spurring investment and services for low-income and minority commuities and this change would make it substantially less effective. My organization works with a number of smaller banks as well as with large banks and CRA is an important fact in their committment to work with us.

Bob Van Meter, Executive Director
Allston Brighton CDC
15 N. Beacon Street
Allston, MA 02134