FDIC Federal Register Citations

Dear Mr. Feldman:

I am a member of a minority group (the disability community) disproportionately composed of
low-income individuals. As such I am strongly opposed to your proposal to significantly weaken the
Community Reinvestment Act (CRA). You propose much easier CRA requirements for some banks. This proposal will result in many fewer home and small business loans to low- and moderate-income
borrowers and much less community development and investment. In addition, you propose that banks
can earn CRA points by financing community development projects that benefit affluent residents in
rural areas, instead of low- and moderate-income consumers. This is directly contrary to CRA’s
focus on meeting credit needs of low- and moderate-income communities. In sum, your proposals
will result in many fewer loans and investments in low- and moderate-income communities.

The CRA serves a useful any, yes, noble purpose and should not be weakened in any way.

Thank you for your kind attention to this matter.

Ray Giroux
60 Harding Street
Manchester, NH
03109