Federal Deposit
Insurance Corporation

From: marcia.rucker@att.net [mailto:marcia.rucker@att.net]
Sent: Wednesday, October 20, 2004 2:25 PM
To: Comments
Subject: RIN 3064-AC50

Re: Preserving the Community Reinvestment Act
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429

Dear Mr. Feldman:

The Community Reinvestment Act has made a huge difference in many previously-underserved neighborhoods. Before its introduction, all but a few banks ignored the needs of poorer areas for capital. The "after" story is a success story, albeit a modest one.

I am horrified, therefore, to learn that the FDIC proposes to weaken its rules so as to allow medium-sized banks to opt out of some of the major community development activities now required of them. I strongly urge the Corporation to drop this proposal and to work, on the contrary, to continue and expand community reinvestment requirements which have in the past increased jobs, affordable housing, and community services. Yours truly,

Marcia Rucker