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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

 

September 1, 2004

Mr. 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 Dear Mr. Feldman:

I strongly oppose the proposed rule changing the Community Reinvestment Act regulations. So many small towns in America are struggling for their lives. Community reinvestment is essential to keep rural communities from dying a slow death. So much of what is good in our nation has grown out of values like hard work, self-sufficiency, and looking out for one another that small rural towns inculcate in their members.

The majority of the banks affected by these changes in the CRA are in rural areas. These fragile communities need government support rather than policies which hasten their decline. If the FDIC adopts its proposal, community reinvestment in rural areas will be dramatically reduced. We cannot afford to let that happen. Please do not adopt this rule.

Respectfully,
Michael W. Mangis
328 East Franklin Street
Wheaton, IL 60187



Last Updated 09/07/2004 regs@fdic.gov

Last Updated: August 4, 2024