Federal Deposit
Insurance Corporation

I am writing to express my opposition to the proposed increase to allow banks with assets up to $1,000,000,000 to be exempt from the full annual review of their lending, investment and services practices. This change will exempt 96% of all banks from the full annual review. Given the proposed, reduced level of regulatory oversight, it will be inevitable that low income communities which are required to be served under the Community Reinvestment Act will be abandoned by many banks.

As a real estate agent working with many affordable housing developers, I am uniquely aware of how underserved low income communities are even with the current exemption level of only $250,000,000. Increasing the exemption as proposed will have disastrous financial and social impacts on communities which are in desperate need of lending, investment and banking services.

Andrew Miliotis
AIT Realty Corp.
345 S. Cloverdale Avenue
#302
Los Angeles, CA 90036
(323) 933-4462
(323) 933-4392 fax
(818) 384-5290 cell