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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations


September 7, 2004

Mr. Robert E. Feldman, Executive Secretary
Attention: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429-9990 Re: RIN 3064-AC50

Dear Mr. Feldman:

I strongly oppose the above-referenced proposed rule changing the Community Reinvestment Act regulations. This change will exacerbate both public and private sector disinvestment in rural America. From my own experience, I know that because of the current CRA rule, there has been significantly more investment into both affordable housing and economic development than would have occurred otherwise. Rural America cannot afford any additional disinvestment of its scarce resources into “hot” urban or collar county communities just because lenders are unwilling to consider non-traditional investments into rural America.

If there are any further questions about my comments, please do not hesitate to contact me at 715.343.7509. Thank you.

Sincerely yours,
Karl S Pnazek
President and CEO
Last Updated 09/25/2004 regs@fdic.gov

Last Updated: August 4, 2024