FDIC Federal Register Citations

From: Don D. Patterson [mailto:dpatterson@alliance-holdings.com]
Sent: Tuesday, October 19, 2004 8:50 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Dear Friends at the Federal Deposit Insurance Corporation (FDIC),

Please know that advocates within the Community Development industry and myself, strongly oppose the proposal to allow banks with assets above $250 million to be examined as small banks under the Community Reinvestment Act. This policy would reduce lending, investments and services in low-income communities.

It remains a struggle to educate banks on the benefits of doing business in the underserved communities. Without the incentive of the CRA these groups will no long make doing business in these communities apart of their plans for growth.

Please continue to challenge the banking institution to conduct business with families in our low-income neighborhoods.

Regards,
Don D. Patterson - Principal
Alliance Development Company