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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations


From: tmckone@uchicago.edu [mailto:tmckone@uchicago.edu]
Sent: Monday, September 20, 2004 5:31 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 CRA is a crucial tool for insuring that LMI neighborhoods have adequate
access to finanancial tools. Exempting larger banks will only serve to
undermine the original purpose of the CRA. Having worked at a community
development bank, I understand the importance of CRA examinations for catalyzing
banks to serve all communities in their market. Don't allow us to slip back to
the days of redlining.

T
Last Updated 10/04/2004 regs@fdic.gov

Last Updated: August 4, 2024