From: RKhan@cambridge-housing.org [mailto:RKhan@cambridge-housing.org]
Sent: Thursday, September 16, 2004 3:07 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. Only 6% of FDIC-regulated banks would face a
full CRA exam if the limit is raised to $1 billion. This change would
harm low- and moderate-income communities, and leave some states with no
banks subject to a full CRA exam. Neighborhoods need reinvestment funds
to grow and prosper. Please preserve the CRA with its current limits.