FDIC Federal Register Citations

From: Virginia Phillips [mailto:viphi71303@cox-internet.com]
Sent: Sunday, September 12, 2004 7:48 PM
To: Comments
Subject: RIN 3064-AC50

Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 - 17th Street, NW
Washington, DC 20429

Dear Mr. Feldman:

As a member of the National Association of Retired Federal Employees (NARFE), I submit my objection to the referenced proposed regulation which could reduce loans and investments in rural communities by state-chartered banks. The proposed regulation would need only one Community Reinvestment Act (CRA) eligible activity, as opposed to the three CRA activities (loans, investments and services) now required.

Rural communities, like Alexandria, need regulations that encourage more investment by state-chartered banks, not less investment.

I look forward to a favorable reconsidertion of your agency's position on this critical matter.

Sincerely,

Virginia Phillips

cc: National Community Reinvestment Coalition
Senator John Kerry
Senator John Edwards
President George W. Bush