FDIC Federal Register Citations

Lovejoy District Neighborhood Revitalization Services

September 30, 2004

Dear Mr. Feldman:

I am a concerned representative of the East Buffalo Community in Buffalo, NY that is strongly opposed to your proposal to significantly weaken the Community Reinvestment Act (CRA). You propose much easier CRA requirements for banks between $500 million to $1 billion in assets. This proposal will result in much fewer home and small business loans to low and moderate-income borrowers and much fewer community development loans and investments in low and moderate-income communities. This is directly contrary to CRA’s focus on meeting credit needs of low and moderate-income communities. In sum, all of your proposals will result in much fewer loans, investments, and branches in low and moderate-income communities.

Please withdraw your harmful proposal. Thank you for your time and attention to this important matter.

Sincerely,

Denise Herkey-Jarosch, Planner
Lovejoy District Neighborhood Revitalization Services, Inc.
615 Walden Avenue
Buffalo, NY 14211