Federal Deposit
Insurance Corporation

From: Leigh McCaffrey [mailto:lmccaffrey@highstream.net]
Sent: Wednesday, October 20, 2004 11:07 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

As a housing organizer/developer and a local church pastor, I oppose the above-referenced proposal to change the classification of banks with assets over $250 million. It is vitally important that large banks continue to be challenged to invest in low-income communities, as interest rates rise and more families slip into poverty. Surely, in a banking climate where so much oversight is exercised for other matters, reports on CRA activities can be submitted in the more detailed form. Community groups use CRA information to find allies within the community to build capacity. Please do not change these rules!
Rev. Leigh McCaffrey
First Congregational Church
Naugatuck Valley Project
Waterbury, CT

“REAL VIRTUE LIES NOT IN HEROICALLY SAVING ORPHANS FROM BURNING BUILDINGS BUT IN STEADFASTLY WORKING FOR A WORLD WHERE ORPHANS ARE NOT POOR AND BUILDINGS HAVE DECENT FIRE CODES.”

By Randy Cohen “The Ethicists”
Guideposts 6/03 p.24