Federal Deposit
Insurance Corporation

From: Dan Buyer [mailto:dbuyer@swpc.org]
Sent: Wednesday, October 13, 2004 5:45 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.

As the executive director of a community development corporation in Rochester, NY, I can attest that the Community Reinvestment Act is absolutely essential to the revitalization of America's inner cities. Any scaling back of CRA would have disastorous consequences. Our organization is heavily involved in providing small business assistance and affordable homeownership opportunities. We have made great strides in recent years due in large part to the cooperation of banking institutions. CRA has changed the way we deal with corporate America, and empowered us to open up opportunities for low-income families.

Thank you.

Daniel Buyer
Executive Director
South Wedge Planning Committee, Inc.