FDIC Federal Register Citations

From: James Clarke [mailto:jwarrenclarke@aol.com]
Sent: Monday, September 13, 2004 10:35 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50

James Clarke
1916 Dundee Road
Rockville, MD 20850

September 13, 2004

Federal Deposit Insurance Commission

Dear Federal Deposit Insurance Commission:

Despite the successes of community development locally and nationally, the
banks and thrift institutions that provided the loans, services, and
investments to build new homes, businesses, and community facilities may
no longer have the impetus to do so if you change the CRA exam threshold.

These proposed rule changes would have a devastating effect on affordable
housing and community development investment throughout the nation,
particularly in rural areas.

President Bushes comments promoting an "Ownership Society" ring hollow if
the actions of agency leaders he appointed are killing the very law that
resulted in revitalized communities, increasing minority homeownership,
and increased small business ownership for women and minorities.

Please rescind your proposal.

Sincerely,

James W. Clarke