FDIC Federal Register Citations

From: Stephanie Ross [mailto:stephanieross@earthlink.net]
Sent: Wednesday, October 20, 2004 7:00 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

As an individual who ahs been involved in developing housing for very low income persons and families, 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. This policy would reduce lending, investments and services in low-income communities. This change would harm low- and moderate-income communities, and leave some states with no banks subject to a full CRA exam. The private sector needs some prodding to help finance housing and community development for low and moderate income households and communities. These dollars will be leveraged by enabling persons to get a step closer to the American dreams of homeownership and small business ownership. Therefore I encourage you to abandon your proposal.

Sincerely,

Stephanie Ross
2 Pier Way Landing
Westport, CT 06880
Voice: 203.227.2165
Fax: 203.227.7861