Federal Deposit
Insurance Corporation

From: lmaco51@comcast.net [mailto:lmaco51@comcast.net]
Sent: Thursday, October 14, 2004 3:05 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

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, L. m. Anderson & Company, 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 community Reinvestment Act is a critical component of our community's affordable housing community development solutions. Over the past 20 years, L. M. Anderson & Company has assisted in the construction of over 5,000 units of houisng for low to moderate income housing families. Without strong support from our financial institutions partners, this work would not have been possible.

Sincerly,
Lawrence M. Anderson

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,

Lawrence M. Anderson
L. m. Anderson & Company
5660 Wandering Vine Lane
Mableton, Ga 30126