FDIC Federal Register Citations
North Newstead Association
From: nnadirector@aol.com [mailto:nnadirector@aol.com]
Sent: Thursday, October 14, 2004 2:01 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
10/14/04 2:00:57 PM
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW
Washington, DC 20429
RE: RIN 3064-AC50
Dear Mr. Feldman:
I am writing to request that you to withdraw your proposed changes to
the Community Reinvestment Act (CRA) regulations. My organization,
North Newstead Associaiton, knows firsthand that the CRA has been
instrumental
in increasing homeownership, boosting economic development, and
expanding small businesses in the nation’s low- and moderate-income
communities.
The proposed FDIC rule
would exempt many of our community’s key
financial partners from the effective and productive requirements
currently in place. We oppose any increase to the threshold of what
is considered to be a small bank,and we urge the FDIC withdraw its
proposed rule Sincerely,
Dana Scott-Person
North Newstead Associaiton
4601 Pope Avenue
St. Louis, MO 63115
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