Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations


From: Martin Mellett [mailto:MMellett@liscnet.org]
Sent: Friday, September 17, 2004 11:41 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom It May Concern,

I oppose the FDIC's proposal to allow banks with assets above $250 million to be examined as small banks under the Community Reinvestment Act. I am concerned that this new policy would reduce lending, investments and services in low-income communities. While I believe there are some financial institutions who understand that there are investment opportunitites in low income communitites and will remain engaged regardless of CRA regulations, there are enough financial institutions who will step away from that type of engagement without the current CRA regulations. If this happened, the responsible financial institutions may feel that the playing field is no longer level and may begin to move in a similar direction. Therefore the most appropriate regulatory strategy is to maintain the current set of regulations.

Sincerely,

Martin Mellett

Martin Mellett
Director - Community Development Support Collaborative
1825 K St NW Suite 1100
Washington DC 20006
(202)(296-4582) - phone
(202)(785-4331) - fax
mmellett@lisc.org - email
www.cdsc.org - web site

Last Updated 10/01/2004 regs@fdic.gov

Last Updated: August 4, 2024