FDIC Federal Register Citations

From: JACKMACAPP@aol.com [mailto:JACKMACAPP@aol.com]
Sent: Thursday, September 16, 2004 5:51 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Dear Mr. Powell:

I oppose the FDIC's proposal to allow banks with assets above $250 million to be examined as small banks under the Community Reinvestment Act. This policy would reduce lending, investments and services in low-income communities.

As a not for profit executive active in early childhood literacy education and public charter schools, I can testify that the CRA is a critical tool for making educational facilities more affordable. These are two initiatives near and dear to the President, as you know from the great work that was done in Texas under Governor Bush.

I appreciateyour consideration of my comments in the formulation of the FDIC's policies.

Best regards,

Jack McCarthy
Managing Director
AppleTree Institute for Education Innovation
907 6th Street, SW -- Suite 615
Washington, DC 20024
202.488.3990 Telephone
202.488.3991 Facsimile
508.294.6099 Cell
www.appletreeinstitute.org

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-John Gardner