From: Stephen Harris [mailto:slh48@cornell.edu]
Sent: Thursday, September 16, 2004 2:10 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. Living as I do in a weak market city has been
bludgeoned by the loss of manufacturing but also the unfair subsidizing
of suburbs through road building and housing policy and anti-free-market
single use zoning laws, the proposed law seems like just another blow to
cities who are set up for failure then blamed for it. Please preserve
the law such that banks with large assets do what is right.