Federal Deposit
Insurance Corporation

From: amascoli@earthlink.net [mailto:amascoli@earthlink.net]
Sent: Friday, October 15, 2004 9:40 AM
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, TNDC, 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 and community development solutions. For the past 24 years, TNDC has built 1800 homes, successfully built an afterschool center serving more than 350 youth daily, and helped to create hundreds of jobs, improving the lives of low- and moderate-income families in our community. Without strong support from our financial institution partners, this work would not have been possible.

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,

Anita Mascoli
TNDC
201 Eddy Street
San Francisco, CA 94102