FDIC Federal Register Citations

Minority Task Force on AIDS

From: dawn8908@aol.com [mailto:dawn8908@aol.com]
Sent: Thursday, October 14, 2004 11:30 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

10/14/04 11:29:44 AM

Mr. Robert E. Feldman

Executive Secretary

Attention: Comments/Legal ESS

Federal Deposit Insurance Corporation
550 17th St. NW
Washington, DC 20429
RE: RIN 3064-AC50

Dear Mr. Feldman:

I am writing to request that you to withdraw your proposed changes to
the Community Reinvestment Act (CRA) regulations. My organization,
Minority Task Force on AIDS, knows firsthand that the CRA has been
instrumental
in increasing homeownership, boosting economic development, and
expanding small businesses in the nation’s low- and moderate-income
communities.

The Community Reinvestment Act is a critical component of our community’s
affordable housing and community development solutions. For the past 15
years, Minority Task Force on AIDS has built 210 homes and helped to
create hundreds of jobs, improving the lives of low- and moderate-income
families in our community. Without strong support from our financial
institution partners, this work would not have been possible.

To personalize your message, copy and paste this paragraph into the box
below, modify as

The proposed FDIC rule would exempt many of our community’s key
financial partners from the effective and productive requirements
currently in place. We oppose any increase to the threshold of what
is considered to be a small bank,and we urge the FDIC withdraw its
proposed rule Sincerely,

Dawn Brown-Staine/Deputy Director
Minority Task Force on AIDS
3280 Broadway
Suite #302
New York, NY 10027