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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

From: Farhat, Samer [mailto:Samer.Farhat@wacker.com]
Sent: Thursday, October 07, 2004 6:50 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I have recently learned of the proposed changes for the Community Reinvestment Act and I am urging you not to change the CRA, but leave it as it is. Financial instituions have a responsibility to their communities and through the many years since the CRA was enacted financial institutions have helped support a lot of good in poorer areas of the country. It would be wrong to remove the regulatory requirements on some financial institutions by exempting them based on a change in the asset definitions. Please, keep the CRA as it is and allow it to continue to work to improve underserved communities. The FDIC proposed change will only hurt America. The long term implications on our country would be staggering as communities would be left to flounder in crime, poor housing, and poor employment. This would only cause more harm to our country, its finances, and its people.

Thank you.
Samer Farhat
Product Development Chemist
WACKER SILICONES
Precision Silicones, Inc.
13910 Oaks Ave.
Chino, CA 91710, USA
Phone: 909-590-8822
Direct: 909-902-6345
Last Updated 10/13/2004 regs@fdic.gov

Last Updated: August 4, 2024