FDIC Federal Register Citations
West Bank CDC
From: Tim Mungavan [mailto:tmungavan@wbcdc.org]
Sent: Thursday, October 14, 2004 3:42 PM
To: Comments
Cc: 'Paul D Williams'
Subject: 12 CFR Part 345
I want to comment on the proposed rule (12 CFR Part 345) to allow banks
with more than $250 million in assets to avoid a full CRA exam. RIN number
3064-!C50.
I work for a non-profit community-based development corporation in
a low-income neighborhood of Minneapolis.
We are concerned about this proposed change because we think it will
hurt people who live in low-income neighborhoods like ours. Our struggle
to address the growing divide between the have's and the have-not's
is part of what makes America strong. The FDIC should support this
not weaken it.
Tim Mungavan
Executive Director
West Bank CDC
1808 Riverside Avenue
Minneapolis MN
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