From: Ldaughtryweiss@yahoo.com [mailto:Ldaughtryweiss@yahoo.com]
Sent: Tuesday, October 19, 2004 11:05 PM
To: Comments
Subject: RIN 3064-AC50
Re: Preserving the Community Reinvestment Act Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street NW Washington, DC 20429 Dear Mr. Feldman: As a socially
responsible investor, I am aware of the vital role played by CDFIs in
revitalizing communities through affordable housing and small business
startups. The Community Reinvestment Act has provided banks with an
important incentive to work with CDFIs and provide vitally needed capital to
struggling communities. I urge you to withdraw the FDICs rule proposal that
would allow midsize banks to pursue only one of the three important
community development activities they are now required to undertake:
lending, investment, and services. I believe that this misguided rule would
mean a devastating reduction in support for the essential work of CDFIs,
resulting in fewer jobs, fewer affordable homes, and fewer community
services. Yours Sincerely, Lisa Daughtry-Weiss