From: Ray Stranske [mailto:ray@hopecommunities.org]
Sent: Saturday, September 04, 2004 3:52 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
To Whom it May Concern:
I have been working in the low income neighborhoods of NE Denver for the
past 25 years.The Community Reinvestment Act has become a vital
component to our communitys affordable housing and community
development work. Lenders actually pay attention to us now and seek out
our business. They did not do this before CRA evaluations were required.
Because of this, I oppose any increase to the threshold of what is
considered to be a small bank. The proposed FDIC rule would exempt many
of our communitys critical partners from the effective and productive
requirements currently in place. Please reconsider the proposed rule. We
need the continued attention of our local lenders.