From: John Colm [mailto:john@wire-net.org]
Sent: Thursday, September 16, 2004 2:15 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
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. Policies that will make it easier for banks to
avoid lending in low income communities like the one served by our
organization will harm investments in housing, retail and industrial
development, and lead to a vicious cycle of reduced tax base, reduced
employment, and eroding public services (safety, infrastructure,
education, etc.).
John Colm, Executive Director
Westside Industrial Retention & Expansion Network
6516 Detroit Avenue, Suite 3
Cleveland, Ohio 44102 USA
<www.wire-net.org/>
tel: (216)631-7330, ext. 105
mail to: JColm@wire-net.org
