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FDIC Federal Register Citations

Federal Register: September 20, 2004 (Volume 69, Number 181)]
[Proposed Rules]
[Page 56175]
From the Federal Register Online via GPO Access []


12 CFR Part 345

RIN 3064-AC50

Community Reinvestment

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Proposed rule; extension of comment period.


SUMMARY: On August 20, 2004, the Federal Deposit Insurance Corporation
(FDIC), requested public comment on proposed revisions to 12 CFR part
345 implementing the Community Reinvestment Act (CRA) (69 FR 51611,
August 20, 2004). The FDIC is extending the comment period on the
proposal until October 20, 2004. This action will allow interested
persons additional time to analyze the issues and prepare their

ATES: Comments must be received on or before October 20, 2004.

ADDRESSES: You may submit comments, identified by RIN number 3064-AC50
by any of the following methods:
Agency Web site:
Mail: Robert E. Feldman, Executive Secretary, Attention:
Comments/Legal ESS, Federal Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
Hand Delivered/Courier: The guard station at the rear of
the 550 17th Street Building (located on F Street), on business days
between 7 a.m. and 5 p.m.
E-mail: Include RIN number 3064-AC50 in
the subject line of the message.
Public Inspection: Comments may be inspected and
photocopied in the FDIC Public Information Center, Room 100, 801 17th
Street, NW., Washington, DC, between 9 a.m. and 4:30 p.m. on business
Instructions: Submissions received must include the agency name and
RIN for this rulemaking. Comments received will be posted without
change to,
including any personal information provided.

FOR FURTHER INFORMATION CONTACT: Richard M. Schwartz, Counsel, Legal
Division, (202) 898-7424; or Susan van den Toorn, Counsel, Legal
Division, (202) 898-8707; Robert W. Mooney, Chief, CRA and Fair Lending
Policy Section, Division of Supervision and Consumer Protection;
Deirdre Ann Foley, Senior Policy Analyst, Division of Supervision and
Consumer Protection, (202) 898-6612; or Pamela Freeman, Policy Analyst,
Division of Supervision and Consumer Protection, (202) 898-6568,Federal
Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC

On August 20, 2004, the FDIC requested comment on revisions to 12
CFR 345 implementing the CRA that would (a) change the definition of
``small bank'' to raise the asset size threshold to $1 billion
regardless of holding company affiliation; (b) add a community
development activity criterion to the streamlined evaluation method for
small banks with assets greater than $250 million and up to $1 billion;
and (c) expand the definition of ``community development'' to encompass
a broader range of activities in rural areas. In addition, the FDIC
also sought comments on other options.
The proposal was published for a 30-day comment period, which was
scheduled to close on September 20, 2004. In order to ensure that as
many interested parties as possible have time to comment on the
proposal, the comment period is being extended to October 20, 2004.
You should submit your comments on the proposal on or before
October 20, 2004.

By order of the Board of Directors.

Dated at Washington, DC, this 16th day of September, 2004.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 04-21162 Filed 9-16-04; 12:12 pm]

Last Updated 09/20/2004

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