FDIC Federal Register Citations

From: Timothy Wilson [mailto:timwilson_1@msn.com]
Sent: Saturday, September 18, 2004 11:36 AM
To: Comments
Subject: Fw: to be forwarded

Dear Mr. Feldman:

I am a concerned citizen strongly opposed to the current proposal being considered which would significantly weaken the Community Reinvestment Act (CRA). This proposal suggests much easier CRA requirements for banks between $250 million to $1 billion in assets. This proposal will result in 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. In addition, this plan would allow banks to earn CRA points by financing community development projects that benefit affluent residents in rural areas, instead of low- and moderate-income consumers and communities in rural America. This is directly contrary to CRA’s focus on meeting credit needs of low- and moderate-income communities. I urge you to please withdraw this ill-conceived proposal.

Sincerely,

Tim Wilson
7744 Boyd Rd.
Pavilion, NY 14525