From: Mary K. Reilly
Sent: Tuesday, August 24, 2004 12:44 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I am writing
to oppose the proposed change in the definition of exempt institutions
under the Community Reinvestment Act. Institutions with
assets under $1 billion provide important community investment support
in many rural communities and small states. They are also important
investors in urban and metropolitan areas. Please don't abandon the
rural communities or reduce the commitment to urban areas. We can't
afford to water down the CRA this way. Isn't it obvious how it has
aided communities across the country? Not only are lenders putting
money into communities, they are making a profit doing it! It isn't
broken, why change it!