Federal Deposit
Insurance Corporation

From: APDC2345@aol.com [mailto:APDC2345@aol.com]
Sent: Sunday, October 17, 2004 7:51 PM
To: Comments
Subject: CRA Legislation Proposed Changes

Robert E. Feldman
Executive Secretary
ATTN: Comments/Legal ISS
Federal Deposit Insurance Corporation

RE: RIN 3064-AC50

Dear Mr. Feldman,

I have been informed by friends of mine that there are proposed changes to the Community Reinvestment Act legislation. As you are aware the legislation requires banks to lend, invest and volunteer in low and moderate income areas, therefore, I am in opposition and am informing you that I and my friends are involved in a fight against the proposed changes.

The Federal Deposit and Insurance Corporation (FDIC) has proposed changes that states only banks with over 1 billion dollars in assets would be required to lend, invest or volunteer. In some states, there are no banks with over 1 billion dollars, meaning there will be no community investment from banks in those states. These proposed changes are especially bad for rural areas and, of course, for low and moderate income communities.

I strongly oppose the proposed rule changing the Community Reinvestment Act regulations. In my opinion, changing CRA will undermine rural communities. Please do not adopt this rule.

Sincerely,
Deborah Maddox
Alton Park Development Corporation
701 Hooker Road
Chattanooga, TN 37410