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FDIC Federal Register Citations



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FDIC Federal Register Citations

From: Martha Coven [mailto:mbcoven@hotmail.com]
Sent: Friday, September 24, 2004 3:34 PM
To: Comments
Subject: Please Do Not Weaken the CRA RIN number 3064-AC50

Martha Coven
2911 29th St NW
Washington, DC 20008

September 24, 2004

Federal Deposit Insurance Commission

Dear Federal Deposit Insurance Commission:

As a resident of Washington, D.C. -- one of the areas that will be most affected by this harmful proposal -- I am writing to express my deep concern about it.

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

I agree with the National Congress for Community Economic Development that this proposed change would have a devastating effect on affordable housing and community development investment throughout the nation.

Please rescind your proposal.

Sincerely,

Martha Coven

 

Last Updated 09/27/2004 regs@fdic.gov

Last Updated: August 4, 2024