From: summerslaw@att.net [mailto:summerslaw@att.net]
Sent: Wednesday, October 20, 2004 12:54 PM
To: Comments
Subject: RIN 3064-AC50

Re: Preserving the Community Reinvestment Act
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429

Mr. Feldman:

Excuse my bluntness -- but is the FDIC about to allow (inadvertently or otherwise) a reversion to redlining? That is exactly the effect of your proposed "oh, just pick one of three" rule relaxation regarding the Community Reinvestment Act. History shows that if banks don't HAVE to invest in the communities from whence their deposits come, they probably won't. (It seems to me that this was precisely the point of the CRA in the first place!) In short -- don't evicerate the CFA. Don't cause our cities and towns and neighborhoods to once again hemmorhage their very own capital. REQUIRE banks to invest in the same people and communities that invest in the banks themselves. Please withdraw the proposed rule. Thank you. Very truly yours,

Scott K. Summers