Federal Deposit
Insurance Corporation

From: Mike LaFave [mailto:MLaFave@liscnet.org]
Sent: Wednesday, October 20, 2004 10:24 AM
To: Comments
Cc: martin.sabo@mail.house.gov
Subject: Community Reinvestment -- RIN 3064-AC50

I am strongly opposed to FDIC's proposal to allow banks with assets above $250 million to be examined as small banks under the Community Reinvestment Act. Having worked for the last five years in the community development lending industry, I have seen the very powerful impact the CRA has had in incenting banks to make capital available in low-income communities — financing real estate projects, businesses, and organizations that have made a tangible and direct difference in those communities. I have real fears that the proposed policy would reduce lending, investments and services in low-income communities.

Thank you for your consideration.

Michael LaFave
2315 East 22nd Street
Minneapolis, MN 55406