From: patnlynn@wctc.net [mailto:patnlynn@wctc.net]
Sent: Wednesday, October 20, 2004 9:43 AM
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 needed capital to
disadvataged 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 reduction in support for the essential work of CDFIs, resulting in
fewer jobs, fewer affordable homes, and fewer community services. Yours
Sincerely, Pat Bruckhart