FDIC Federal Register Citations

Butte Local Development Corporation

From: Evan Barrett [mailto:evanbutte@bresnan.net]
Sent: Friday, September 17, 2004 10:58 AM
To: Comments
Subject: RIN 3064-AC50

Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429-9990.
Re: RIN 3064-AC50

Gentlemen Re RIN 3064-AC50:

I strongly oppose the proposed rule changing the Community Reinvestment Act regulations. In my opinion, it will really undermine rural communities. Please do not adopt this rule.

In fact, you should be finding ways to strendgthen the CRA to insure bank committment to the communities they serve. Without CRA many banks would simply extract the profits from a community and distribute them to their st\ockholders, with little regard for the social fabric of the community.

Since they operate with a charter from the government, responsibility comes with that charter. FDIC should insure that community needs are met, not just by loans to those who are easy to loan to, but also to serve pther needs of the community that will lead to a strengtehing of the community.

Again, please do not adopt the rule.

Sincerely,

Evan Barrett
807 West Silver
Butte, MT 59701

Executive Director
Butte Local Development Corporation