Recycling Black Dollars-CRA (Involvement)

11/3/05

Mr. Scott,
We would like to hear from you to further our prior conversation regarding negotiating a "CRA" agreement as previously indicated. The following web and blog sites will better explain our interest:

http://www.unitedaffirmativeactiondevelopment.com/

http://www.uaadcra.blogspot.com/

http://www.uedcrabank.blogspot.com/

http://uaadcrahbuc.blogspot.com/

In 1998 UAAD filed a complaint with The Federal Reserve Board at a public meeting regarding the merger of Bank One and First Chicago, August 13, 1998. The following is a transcript of the meeting.
http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm

On November 2, 2005 UAAD representatives met with officials at Grambling University to re-open negotiations with the intent of establishing an agreement with Chase Bank under the Community Reinvestment Act of 1977. With your cooperation we believe this program can be implemented in a short period of time. We will be meeting with officials of GSU next week and would like to have a reply from your office (Chase) prior to this meeting.

Walter L. Ellis
Executive Director UAAD