From: Robert Bertsch
Sent: Monday, August 23, 2004 2:04 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
August, 23 2004
Dear Sir/Madam:
I am writing on behalf of the proposed changes to the definition
of small banks under the Community Reinvestment Act. The Community
Reinvestment Act is a critical component to urban and rural communities’ efforts
to promote affordable housing and provide community and economic
development. I oppose the increase in the threshold of what is
considered to be a small bank in regards to the CRA program from
the current $250 million in assets to $1 billion in assets.
The proposed FDIC rule would allow many banking institutions to
have less participation with funding programs for our distressed
urban and rural communities. I urge FDIC to withdraw its proposed
rule change.
Sincerely,
Robert Bertsch
6906 Indiana Ave.
Cleveland, OH 44105
