FDIC Federal Register Citations

From: CECIL CAPPER [mailto:Cecil_Capper@fsbmail.net]
Sent: Tuesday, September 14, 2004 4:48 PM
To: Comments
Subject: RIN3064-AC50(CRA)

Robert E. Feldman, Executive Secretary
Attn: Comments/Executive Secretary Section
Federal Deposit Insurance Corporation
500 17th Street NW
Washington, DC 20429

RE: Community Reinvestment Act Proposal
RIN 3064-AC50

Dear Mr. Feldman:

I am writing to express my support for your proposal to increase the asset level for banks to be examined as a small bank under the Community Reinvestment Act (CRA).

As a community banker, I recognize the need for regulatory burden relief in institutions such as mine and I thank the FDIC for recognizing the same. Banks are growing at record rates and for many the $1 billion mark is not far off. However, the relief provided to these institutions today would be invaluable. We would be able to apply more manpower to meet other expectations regulators have for us, such as better AML programs. It is imperative that you do not develop additional community development criterion. If passed we would be right back where we started. Then what purpose would all of this have served?

Our institution is only as good as the communities in which we are located and responsibilities for us under the CRA will remain. Therefore, concerns that institutions will cease to participate in programs that will benefit the growth and development of the community should be dismissed.

Thank you,

Cecil Capper