Federal Deposit
Insurance Corporation

From: Anne T Else [mailto:AElse@alegent.org]
Sent: Wednesday, October 20, 2004 9:05 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Dear FDIC,

I am writing to oppose the proposed change of raising to $1 billion the threshhold for financial institutions to assume responsibility for investing in distressed communities. Just as all except the poorest of the poor must pay taxes to our government, all financial institutions should share in revitalizing our distressed communities. Having previously worked in a non-profit housing development organization, I know how difficult it is to put together the needed financial resources for affordable housing complexes. To block access to some of the resources now available would only another step of increasing the gap between the haves and the have nots. To continue to increase that gap undermines the stability of our society. As a low-income tax-payer, I am urging financial institutions to take their share of responsibility in keeping our communities stabilized.