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: Ronald Abbott [mailto:rabbott@pnbparis.com]
Sent: Wednesday, September 22, 2004 9:26 AM
To: Comments
Subject: Support for Raising the Small Institution CRA Exam Eligibility.

Ronald Abbott
P.O. Box 1750
Paris, Tx 75461

September 22, 2004

Robert E. Feldman
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429

Dear Robert Feldman:

I greatly appreciate the opportunity to comment on the FDIC’s proposal to enlarge the number of banks that will be eligible for the small institution Community Reinvestment Act (CRA) examination. My bank’s assets total less than $1 billion and would be a direct beneficiary of the additional relief provided by reducing the CRA compliance burden. I strongly support this proposal.

Regulatory burden falls heaviest on community banks such as mine. We are drowning in regulatory red-tape. The FDIC’s proposal is a major step towards reducing the regulatory burden for community banks. While community banks will still be examined under CRA for their record of helping to meet the credit needs of their communities, this proposed revision will eliminate the most problematic and burdensome elements of the current CRA regulation for community banks.

I urge the FDIC Board to approve the proposed increase to $1 billion in the size of the institutions eligible for the small bank CRA examination. Thank you for taking my views into consideration.

Sincerely,
Ronald E. Abbott



Last Updated 11/23/2004 regs@fdic.gov

Last Updated: August 4, 2024