Federal Deposit
Insurance Corporation

From: Rachel.White@snellingslawfirm.com [mailto:Rachel.White@snellingslawfirm.com]
Sent: Wednesday, October 20, 2004 12:22 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: I am aware of the importance of CDFIs in revitalizing communities through affordable housing and small business startups. The Community Reinvestment Act has required banks to work with CDFIs and provide vitally needed capital to the communities whose money they use. Please withdraw the FDIC’s 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. This rule would cause a devastating reduction in support for the good work of CDFIs, resulting in fewer jobs, fewer affordable homes, and fewer community services. Yours Truly, Rachel White Rachel White