From: Doug LaBounty [mailto:dlchi@longlines.com]
Sent: Wednesday, September 15, 2004 3:58 PM
To: Comments
Subject: RIN 3064-AC50
September 15, 2004
Sent Via E-Mail
Mr. Robert E. Feldman
Executive Secretary
Attn: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429-9990
Re: RIN 3064-AC50
Dear Mr. Feldman:
On behalf of Community Housing Initiatives, Inc., I am writing to
convey our strong opposition to the proposed rule that would change the
Community Reinvestment Act regulations which purports to streamline the
Act’s test for banks up to a billion dollars. These rule changes would
have a strong negative impact on many rural communities in which banks
of this size are located.
We are urging the FDIC not to adopt this rule.
Respectfully,
Doug LaBounty, President
Community Housing Initiatives, Inc.
PO Box 473, Spencer, IA 51301
