FDIC Federal Register Citations
From: Gregory Maul [mailto:gmaul6@hotmail.com]
Sent: Tuesday, October 19, 2004 8:00 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
To Whom It May Concern:
I oppose the FDIC's proposal to allow banks with assets above $250 million
to be examined as small banks under the Community Reinvestment Act. This
policy would reduce lending, investments and services in low-income
communities. I have worked in community development for six years and
have
seen first-hand the benefits that increased investment in these communities
has brought, thanks to the CRA. As low-income and rural communities tend
to
have the smallest banking institutions, this proposal would
disproportionately impact them. I urge the FDIC to stop this proposed
rule
change.
Sincerely,
Gregory L. Maul
Housing Development Consultant
Boston, MA
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