FDIC Federal Register Citations

From: Kathleen Holt [mailto:kholt@ucom.net]
Sent: Wednesday, September 15, 2004 11:00 AM
To: Comments
Subject: SPAM::Community Reinvestment Act

As a nonprofit fundraiser in a rural area of the United States, I can tell you that out-of-state ownership of banks in this country have NO interest in investing in the quality of life in small communities. Twenty years ago, banks were major givers to capital campaigns for nursing homes, community centers, low-income housing, community chests and United Way. Today, we are lucky to get a dispursement from the measley $20,000 -- or sometimes $10,000 "allocated" to local banks for charitable giving. Shame on the banking industry. And, since there are no real sanctions for banks and no REAL requirement for local giving in the Community Reinvestment regulations, the act should be STRENGTHENED, not ravaged.

Kathleen Holt
P O Box 633
Cimarron KS 67835
620-855-2244
kholt@ucom.net