From: Ora Lee Young [mailto:youngol@proaxis.com]
Sent: Tuesday, September 07, 2004 8:25 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I strongly oppose the proposed rule changing the Community
Reinvestment Act regulations, only four banking institutions in Oregon
would be included in the 1 billion category. Many small towns in Oregon
are struggling to survive. Community reinvestment is essential to keep
rural communities viable. So much of what is good in our nation has
grown out of values like hard work, self-sufficiency, and looking out
for one another that small rural towns instill in their members.
The majority of the banks affected by these changes in the CRA are in
rural areas. These rural communities need government support rather than
policies which hasten their decline. If the FDIC adopts its proposal,
community reinvestment in rural areas will be dramatically reduced. We
cannot afford to let that happen. Please do not adopt this rule.