Federal Deposit
Insurance Corporation

From: yl [mailto:yl@sbcony.org]
Sent: Wednesday, October 13, 2004 5:02 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 serices in low-income communities.

Over the past ten years,CRA has been the main catalyst for over $300 million of mortgages for first-time low and moderate income homebuyers in the community we serve, in Brooklyn, New York.

Yaakov Lebovits, Exec. Dir.
Southern Brooklyn Community Organization.