Federal Deposit
Insurance Corporation

From: HBHAY@aol.com [mailto:HBHAY@aol.com]
Sent: Sunday, October 17, 2004 11:58 AM
To: Comments
Cc: g.bledsoe@westel.net; LINDERNELSON@aol.com; barry_23212@netzero.com
Subject: Community Reinvestment -- RIN 3064-AC50

I am definitely opposed to the proposal to increase the size of banks allowed to undergo limited CRA examinations from $250 million to $1 billion in assets. Having spent 10 years as Chairman of the Economic Development Committee of the Texas NAACP, and four years as the Chairman of the Austin NAACP Financial Empowerment Initiative, I have seen first-hand the powerful impact of CRA in motivating banks to develop innovative and effective tools for increasing the distribution of capital to underserved communities. From the national partnership the NAACP has with Bank of America, to the many local partnerships small banks have with local organizations, CRA has brought banks and community organizations together in an unprecedented manner. A full CRA exam serves as a reminder to banks that the federal government expects all banks, big and small, to continue their efforts to make sure all parts of the communities they serve have access to capital.

Hopeton Hay