FDIC Federal Register Citations

From: Carol Wayman [mailto:carolwayman@aol.com]
Sent: Monday, September 13, 2004 4:49 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50

Carol Wayman
1744 U Street NW Unit H
Washington, DC 20009

September 13, 2004

Federal Deposit Insurance Commission

Dear Federal Deposit Insurance Commission:

Despite the successes of community development locally and nationally, the
banks and thrift institutions that provided the loans and investments to
build new homes, businesses, and community facilities may no longer have
the impetus to do so if you change the CRA exam threshold.

These proposed rule changes would have a devastating effect on affordable
housing and community development investment throughout the nation,
particularly in rural areas.

President Bushes comments promoting an "Ownership Society" ring hollow if
the actions of agency leaders he appointed are killing the very law that
resulted in revitalized communities, increasing minority homeownership,
and increased small business ownership for women and minorities.

Please rescind your proposal.

Sincerely,

Carol Wayman