FDIC Federal Register Citations

From: Alex Brazynetz [mailto:alex@stockyardredevelopment.org]
Sent: Thursday, September 16, 2004 5:14 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Dear Members of the FDIC:
I oppose the FDIC's proposal to allow banks with assets over $250 million to be examined as small banks under the Community Reinvestment Act. The reduction of investment, lending and services in low-income communities will only serve to further disinvest those individuals most in need of assistance and opportunity. The Statistical Planning Area for our community development corporation has a population of 8,616 out of which 3,065 were identified as living in poverty in the 2000 census. There are an ever increasing number of homes that are becoming vacant and abandoned. Whatever can be done to encourage banks to assist in efforts to reverse this trend, and to educate the community at large, will only help to build and create assets for all.
Alex E. Brazynetz
Executive Director
Stockyard Redevelopment Organization
6605 Clark Avenue Suite 101
Cleveland, Ohio 44102
TEL 216-961-7687/FAX 216-961-7693