From: Gerald Vidal [mailto:vidalcom@hotmail.com]
Sent: Wednesday, October 06, 2004 11:23 PM
To: Comments
Subject: RIN number 3064-AC50
Aloha from Oahu:
I oppose to the increase: no loans at a favorable interest rate on Oahu,
then I see a bank with a public waiver notice, waiver to the Community
Reinvestment Act, moving money out of the state of Hawaii to a more
profitable development project by this bank.
Many little banks not servicing their communities, and moving monies
into bigger and profitable projects are not what I call community
reinvestment. To see a bank looking beyond its community for profitable
investments are common, and to see a waiver allowing such a move is
maddening. What is your meaning of community? a. Local community or b.
world community. Do not answer. Why any bank wants to be accountable to
its community and the Community Reinvestment Act when waivers can be
had. Please do not consider the proposed rule. Community Reinvestment.
12 CFR Part 345.