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



Society of Jesus, N.Y. Province

From: Hallinan, Rev. Mark, S.J.
Sent: Monday, August 23, 2004 11:33 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I am writing to urge the FDIC to withdraw its proposed rule raising the asset threshold for “small banks” from $250 million to $1 billion and thus exempting these banks from the more stringent requirements of the Community Reinvestment Act (CRA).

This change would have a devastating impact on investments in low and moderate income communities, particularly in rural areas where institutions with assets of $250 million to $1 billion hold the principal market share. At a time when affordable housing is vitally needed, and financing for community development proposals is critical, this is not the time to exempt banking institutions from compliance with the terms of the CRA.

Please withdraw this proposed rule change.

Mark Hallinan, S.J.
Asst. for Social Ministries
Society of Jesus, N.Y. Province



 

Last Updated 08/23/2004 regs@fdic.gov

Last Updated: August 4, 2024