Federal Deposit
Insurance Corporation

From: kate_s_little@hotmail.com [mailto:kate_s_little@hotmail.com]
Sent: Friday, October 15, 2004 11:55 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, Atlanta Alliance for Community Development Investment, 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 Atlanta's affordable housing and community development solutions. Since the late 1980s, community-based orgaizations in the metropolitan Atlanta region have built more than 3,000 housing units, along the way helping to create jobs and improving the lives of low- and moderate-income families. Without strong support from local financial institution partners, these organizations would not have had the capital to undertake this work.

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,

Kate Little
Atlanta Alliance for Community Development Investment
4 Belmonte Circle, SW
Atlanta, GA 30311