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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

From: Ora Lee Young [mailto:youngol@proaxis.com]
Sent: Tuesday, September 07, 2004 8:25 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50


I strongly oppose the proposed rule changing the Community Reinvestment Act regulations, only four banking institutions in Oregon would be included in the 1 billion category. Many small towns in Oregon are struggling to survive. Community reinvestment is essential to keep rural communities viable. 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 instill in their members.

The majority of the banks affected by these changes in the CRA are in rural areas. These rural 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.


 
Last Updated 09/08/2004 regs@fdic.gov

Last Updated: August 4, 2024