FDIC Federal Register Citations

re: Community Reinvestment Act - 12 CFR Part 345

The proposed radical increase in the number of banks exempt from full review would jeopardize affordable housing efforts in Vermont. As a rural state, we depend on small banks for support of housing and other projects vital to our communities.

But the threat is not just to Vermont. It is to efforts all across the country to save or strengthen communities.

So we want to know: What is it about the appropriate role of banks or the needs of communities that has now changed, warranting this revision?

It understandably would please some banks. But that is not the purpose of the CRA.

for the Board of Brattleboro Area Affordable Housing Corporation,
Byron Stookey
stookey@sover.net

BAAHC
PO Box 1284
Brattleboro VT 05302