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Each depositor insured to at least $250,000 per insured bank



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FDIC Federal Register Citations

From: Rosemary Taylor [mailto:RTaylor@liscnet.org]
Sent: Thursday, October 14, 2004 9:44 AM
To: Comments
Subject: FDIC proposal

I, like so many others, 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. How can we encourage community revitalization on one hand yet remove one of the support systems that help that happen? It's like taking out a piece of a spine? Would you like to live without a piece of your spine?

A Community Advocate
Rosemary Taylor
Lansing, MIchigan

 




Last Updated 11/01/2004 regs@fdic.gov

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