FDIC Federal Register Citations

From: Kay Bowers [mailto:kbowers@blounthabitat.org]
Sent: Friday, September 17, 2004 5:24 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

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. The policy would reduce lending investments and services in low-income communities. Under the proposed changes the number of banks in Tennessee subject to a full CRA exam would be reduced from 46 down to 6. In an economy where so many low and moderate income families are struggling to meet their basic needs, action of this sort resulting in reduced investment as opposed to increased investment just is not the sensible thing to do.
 

Kay Bowers, Executive Director
Blount County Habitat for Humanity