From: Rieckers [mailto:rieckers1@comcast.net]
Sent: Thursday, September 02, 2004 10:56 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
As a developer of affordable housing and as a small business, the
Community Reinvestment Act has improved financial institution attention
to my business and increased their investment in my community, Spokane,
Washington. Over the years, many of the smaller banks in my community
have been acquired by larger banks. We now have essentially only 9 banks
active in our community. Under the proposed rules, as I understand them,
all but four banks would be exempted from CRA requirements. I strongly
oppose increasing the threshold of what is considered a small bank. It
will be bad for my community, and bad for business. I urge you to
withdraw the proposed rule.
Thank you for your consideration of these remarks.
Sincerely
Ray Rieckers, MSW
4103 N. Hawthorne
Spokane, WA 99205
