UAAD'S PROPOSAL to FUND SOLAR PANELS for LOW-MODERATE INCOME HOMES

Home | TRUCKERS REPRESENT NINETY-NINE PERCENTERS | FEMA/KATRINA COMPLAINT | About CRA | Truckers Complaint | Justice for Blacks | Driving While Black | Banking While Black | UEDCRABANK | UAAD BWB | UEDC/CRA PROPOSAL | Chase Bank Reparation #2 | Chase Bank & Slavery | Chase Smart Start LA | AmSRegionsCRA | Chase Affinity Proposal | The Feds Regulate and Collabrate With Banks | UAAD Complaint to FDIC | UAAD Complaint | Youtube.com/uaad23 | UAAD-HBCU CRA | The FEMA Story | UAAD Katrina Recovery | Black News / JP Morgan's Slave Ties | NAACP Bank Rating | UAAD - Coalition Partners | UAAD CRA HBUC | Louisiana Asso. of Nonprofit Organizations | NAACP | Recycling Black Dollars | SCLC | UEDC/CRA PROPOSAL | UAAD Mission | Principals | Contact Us | Membership Form | Policy Link | FAQ and Links

UEDCRABANK

A Request for CRA Funding

 

 United Affirmative Action Development Corp (UAAD)

 

Walter L. Ellis, President/CEO

 

Contact Person: Walter L.  Ellis, Secretary / Treasurer

866-276-2294

E-mail: uedcinc@aol.com (Walter Ellis)

 

Federal tax ID:  62-175-3255

D&B:                610362068

NAICS:            813410

SIC:                  8641

 

UAAD is seeking start-up funding for CRA projects to be presented to your bank.  See:  www.uaadcorp.com  and links LNPRC/FEMA

http://unitedaffirmativeactiondevelopment.com/id31.html

United Affirmative action Development Corp, UAAD, a 501c3, Tax ID#62-1753255, is seeking contributions to continue its efforts in presenting and developing various programs that we believe will benefit the African American Community, low and moderate income individuals, utilizing CRA, with benefits that will create economic parity for many.

 

UAAD is seeking a $20,000.00 start-up contribution to provide for expenses in developing a final proposal to your bank.

 

UAAD is seeking a $1,600,000.00 contribution for the following purpose(s):

 

UEDC micro-manage Fee (10%) based on securing 300 units valued at more than $30,000.00 if or when sold after one year, UEDC will be paid approx.                    $900,000.00

 

Purchase a motor home, equiped with office and living quarters.  This unit will be utilized to bring UAAD’s programs to the low-income residents of Louisiana.                    

$300,000.00

 

Additional transportation                                                              $60,000.00

 

Wages to principles and consultants                                            $200,000.00

 

Communications/Promotions                                                        $20,000.00

 

Insurance                                                                                   $20,000.00

Total                                                                                  $1,600,000.00

Louisiana Non-profit Recovery Coalition (LNPRC)

 

LNPRC propose to bid on 5,000 FEMA 16x80 ft trailers and pre-fab homes.

Louisiana non-profit Recovery Coalition

An affiliation of (UAAD) a 501c3

The Federal Emergency Management Agency (FEMA) has contracted with UAAD, a Ruston, Louisiana based NGO, for the distribution of mobile and modular homes to Katrina, Rita and other storm victims.  This contract is the first of its kind awarded by FEMA to an NGO and provides that FEMA will transport units a maximum of 150 miles to locations to be determined by UAAD.

 

Mission

The mission of UAAD is to serve as the locus of convergent services and resources, translating them into a comprehensive effort designed to improve the financial status of low and moderate-income individuals. Its first efforts will focus on being a conduit for providers of low interest loans, and as a gateway through which underserved communities can access banking services. UAAD is dedicated to building a long-term relationship with financial institutions providing low interest loans and other benefits to these communities.  UAAD wants to be recognized as the leader in providing such services.  UAAD efforts will also assist banks in meeting their CRA obligations.

 

Each of these relationships are to be informed first by a research and planning document, generated by UAAD, focusing on the demography of the communities and identifying the respective institutions from which services are being sought.  Solicitations and subsequent negotiations are ongoing regarding the funding required for each project. UAAD is poised to have a very active year, bringing together banks and communities, which heretofore have had little or no significant contact with one another.

United Affirmative Action Development (UAAD) is a 501 (c) 3 non-profit organization. UAAD is developing affiliation branches in Fayetteville and adding local residents and professionals to its board of directors and advisory board.

 

(CRA) can be utilized to foster economic development in their respective communities. UAAD with the assistance of its affiliates will negotiate agreements under the guidelines of “CRA” to include low interest loans for our members to establish and/or to improve businesses, purchase and/or improve homes, to purchases automobiles, etc. We will establish bank loan committees, consisting of community members and bank officials. They will assist applicants in improving credit scores and business owners in the development of their business plans.  Applications screened by these committees will subsequently be approved by the bank. These types of community based committees have been in place for several years in a number of states.  They can work for us. UAAD seeks its membership from among those who have been under-served by banks, to include African Americans and others with low and moderate incomes.  It is ostensibly the purpose of “CRA” to benefit these and other individuals and groups.

Population Served:

Low income, moderate income to include African Americans and other minorities.

Geographic area served:

The entire state of Louisiana

Expected Outcomes:

A collaboration of United Affirmative Action Development Corporation (UAAD), CTB, GNLBDC, RBD, Greater Treme’ Consortium Inc, and others forming relationships with throughout Louisiana and to consult with Hurricane Victims, and low to moderate income individuals and families.  UAAD/UEDC (United Equity Development Corporation) will finalize its agreements with FEMA and related community organizations within 60 days. UAAD/UEDC will provide the leadership to create economic parity for this commitment to assist minorities particularly the state of Louisiana.

 

Board of Directors:

Dr. Alfred Graham, Chairman of the Board

Dr. Raymond Locket, Board Member

Dr. Charles Smith, Acting Board Member

J.C. Davis, Acting Board Member

Andrew Bryant, Acting Board Member

Walter Umrani, Acting Board Member

Mayor Martha W. Andrus, City of Grambling, LA

Walter Searcy, Consultant

Nolan Lockett, Consultant

Coalition Partners and potential Partners 

 Dr. Herbert Simmons Jr. J.D., Acting Chairperson Northern Louisiana

Greater North Louisiana Community Development Corporation, (GNLCDC)

103 Fourth Street

Jonesboro, LA  71251

Dr. Herbert Simmons Jr.

Board Chairman / President   gncdc@msn.com 

 

United Equity Development Corporation, (UEDC)  

Walter L. Ellis, President

Truck Service Corporation, TSC Dunn & Bradstreet #623867678, ICC MC 235617, ( FEMA) 330425733 has received bids to move the Units at a cost of $5 dollars per mile per unit plus approx. 600 set-up cost per unit.

866 276-2294  uedcinc@aol.com

 

Recycling Black Dollars(RBD)

Listen to: com-cast www.KTYM.com

Monday 1-2 pm pst Call-in 310-673-7777

rbdman@yahoo.com

 

Walter Umrani

866-276-2294           Email: umraniw@aol.com

 

 Ms. Cheryl R. Austin, Executive Director

The Greater Treme’ Consortium, INC

GreatTreme@aol.com

 

Speed Ross, UAAD/ FEMA Consultant

sross3rd@bellsouth.net;

 

Rev. Robert Newman Consultant

 

Harold Miles, UAAD/ FEMA Consultant

 

Clifton Avant, Advisor

Cavant@energy.com

 

Dr. Raymond Hicks, Advisor

hicksra@gram.edu

 

Louisiana Association of Nonprofit Organizations, LANO

noreply@insider.thinkhost.net

  

Consultant Firms:

Walar Group

NC Group

Louisiana Group

Proposed Consultants:

Grambling State University (GSU)

Each state will be represented by separate consultant firms and receive revenue UAAD (Nat’l)

We want to list these groups on the websites (Board of Directors)

Links:

CPA firm

Edward Brown

Chase Bank Community Partnership

LANO

NAACP

SCLC

OIC of America

Promotion:

News Media, Congress, Blog & website, organizations & churches

 Recycling Black Dollars-CRA (Involvement)
  Bad Faith CRA Negotiations RE: AmSouth/Regions Banks
MEMORANDUM of Meeting held at Regions Bank, St. Charles St. New Orleans Wednesday October 11, 2006

This meeting was held with statements made on previous dates by Mr. Charles Stewart the CRA representative for Regions Bank that the main purpose was to negotiate a CRA proposal UAAD had presented to his office and other officials the past several months. (see: CRA complaint(s)).
In order to verify the intent, purpose, and dialog of this meeting I requested that the meeting be recorded by Mr. Charles Stewart and Ms. Yvette Cola. I also request a transcript of the recordings in a timely manner in order that we may compare our minutes taken at the meeting by UAAD’s representative Brother Walter Uramani.
These transcripts are needed in order that they can be entered into a formal complaint being filed by UAAD, in which we believe Mr. Stewart, Mr. Kevin Williams, present at this meeting have acted in bad faith. Throughout the process in hearing our proposals they and other bank officials have acted in bad faith in allowing African Americans access to CRA benefits.
See: http://www.uaadcorp.com/
Walter L. Ellis, CEO UAAD uedcinc@aol.com October 12, 2006

October 9, 2006
Regions Bank Re: Meeting Wednesday October 11, 2006

Mr. Charles Stewart,
United Affirmative Action Development Corp, (UAAD) has attempted to contact your office regarding a CRA meeting your office indicated you would have with UAAD by October 6, 2006. Mr. John Mosley who is not an official of UAAD, advised that he had arranged a meeting to be held on Wednesday October 11th, at 9:00AM. I had advised Mr. Mosley on Friday that the time would need to be changed for my scheduling. Mr. Mosley’s organization(s) I understand has an interest in negotiating a CRA agreement with your and other banks. After reviewing your and other banks’ CRA Activity Reports for the past 2 years in New Orleans in particular, it is my opinion that your and other banks could use the assistance of all Community Organizations in order to bring your bank(s) up to the standards required by the FDIC/OCC/FRB, especially during a merger as intended with your bank and AmSouth.

UAAD and its affiliates would like to be advised when the Public Meeting will be held where organizations or individuals can support or protest the merger between Regions and AmSouth Bank. UAAD’s concern at this time is that many officials of both banks have received numerous requests to negotiate agreements with both banks, and have been given what we believe to be a run-around.
UAAD would ask that Regions and AmSouth enter into good faith negotiations with our 501c3 non-profit, or have the CEO of each bank put in writing why you can or will not. You are aware that when some banks merge the issue of REPARATION becomes a discussion point. Those issues should be resolved, or at least investigated prior to mergers in fairness to the other bank, and the Community such banks serve.
Respectfully,
Walter L. Ellis, CEO UAAD uedcinc@aol.com


September 16, 2006
Ms. Yvette Cola
VP Regional Community Development Manager
Regions Bank
New Orleans, LA
Phone: 504-584-2105

Re: A request for CRA funding
Ms. Cola,
I would like to express my appreciation for meeting with UAAD.
UAAD’s request is to seek start-up funding to assist UAAD in organizing a Coalition of Community Organizations to seek CRA funding for projects to be presented to your bank.
United Affirmative action Development Corp, UAAD, a 501c3, Tax ID#62-1753255, is seeking contributions to continue its efforts in presenting and developing various programs that we believe will benefit the African American Community, low and moderate income individuals, utilizing CRA, with benefits that will create economic parity for many.
UAAD is seeking a $5,000.00 contribution to provide expenses in developing a final proposal to your bank.
We are looking forward to meeting with you Monday September 18th to present personally this request, and to begin a process to negotiate a long term agreement that will address and assist the Victims of Katrina.

Respectfully,
Walter L. Ellis, CEO UAAD
uedcinc@aol.com

May 8, 2006
Regions Bank
1317 N. Trenton St
Ruston, LA

Dear Sir or Madam:
United Affirmative Action Development Corporation, a 501c3 non-profit, would like to meet with you CRA representative. We would like to have a copy of your CRA files and to discuss the following:
A CRA Proposal from UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks in the State of Louisiana for Hurricane
KATRINA Recovery.

UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.
The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/
UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/

Utilization of funds:
Finance down payments to low-moderate-income for home purchase, (based on programs JPMorganChase Bank has established).

Provide low (no interest loans to hurricane victims)

Provide low interest business loans to small businesses. (Lower to Katrina Victims).

Contributions to HBUC’s, to increase CRA activities and scholarship programs.

Establish Micro-business Centers at all HBUC’s and other locations where needed. Centers will be assisted by Community Organizations and small banks. Small banks will also serve and assist on Community Loan Committees.

In addition to low interest loans, assistance from business centers, our members will also benefit from UAAD/UEDC’s low interest AFFINITY CREDIT CARD being negotiated with JPMorganChase Bank.

Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/

We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition will require a reasonable percentage in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
We anticipate your in-put and participation.

UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).
Sincerely,
Walter L. Ellis, CEO of UAAD/UEDC

 
PRESENTATION TO

AmSouth Bank

Kevin E. Williams
Vice President
Regional Community Development Manager
333 Texas Street, 3rd Floor
Shreveport, Louisiana 71101

A request for funding

RE: A PROPOSAL TO FORM A COALITION TO PROVIDE BENEFITS TO THE
AFRICAN AMERICAN COMMUNITY UTILIZING CIVIL RIGHTS
LEGISTATION OF 1977

THE COMMUNITY REINVESTMENT ACT (CRA)

http://www.uaadcorp.com
http://www.cra-sclc-neworleans.blogspot.com/

PRESENTED BY:

Walter L. Ellis, CEO United Affirmative Action Development Corp / UAAD
a 501C3 non-profit corporation
uedcinc@aol.com
http://www.unitedaffirmativeactiondevelopment.com

September 16, 2006

Mr. Kevin E. Williams
VP Regional Community Development Manager
AmSouth Bank
333Texas Street, 3rd floor
Shreveport, Louisiana 71101
Phone: 318 429-1918

Re: A request for CRA funding

Mr. Williams,
I would like to express my appreciation for meeting with UAAD in your office 400 Podyras St. on 9/15/06.
UAAD’s request at that meeting is to seek start-up funding to assist UAAD in finalizing organizing a Coalition of Community Organizations to seek CRA funding for projects to be presented to your bank.
United Affirmative action Development Corp, UAAD a 501c3 Tax ID#62-1753255, is seeking contributions to continue its efforts in presenting and developing various programs that we believe will benefit the African American Community, low and moderate income individuals, utilizing CRA, with benefits that will create economic parity for many.
UAAD is seeking a $5,000.00 contribution to provide expenses in developing a final proposal to your bank.
We are looking forward to meeting with you Monday September 18th to present personally this request, and to begin a process to negotiate a long term agreement that will address and assist the Victims of Katrina.
Respectfully,
Walter L. Ellis, CEO UAAD
uedcinc@aol.com
African Americans should pay attention to UAAD’s CRA PROPOSALS!!!!

As the founder and CEO of United Affirmative Action Development Corp (UAAD), I believe that if Community, Civic, and Civil Rights organizations and many individuals in the Minority Community would realize that the 10 plus years UAAD has spent developing CRA proposals, to show that it is meant or should have been meant for REPARATION for AFRICAN AMERICANS in particular.
A coalition that is being developed by UAAD will allow a process to gain access to open the bank(s) vaults, using the COMMUNITY RE-INVESTMENT Act of 1977 (CRA), rather than using a weapon.
Only together can we be successful to insist that our nation’s banks provide economic parity to African Americans, and Native Americans as regulated under CRA. These funds can be provided under any given name the bank(s) want to name such as:
For instance JPMorganChase Bank agreed to pay REPARATION, and choose to call their program “SMART START of Louisiana”. How they named the program is insignificant, but the fact that they under funded the program, and apparently purposely hid the funding since 2004, becomes a problem that the NAACP and the Federal Government should investigate.
http://www.chasebankreparation.blogspot.com/ http://www.bankwhileblack.blogspot.com/ http://www.uedcrabank.blogspot.com/

Kevin Williams, VP CRA AmSouth Bank, in a proposal to UAAD recently in New Orleans presented a proposal to negotiate a CDC agreement with Community Organizations, he and the bank are aware that CDC does not meet the requirements of CRA.                                        http://cra-uaad-neworleans.blogspot.com/
UAAD request that Community Organizations join in our efforts to insist that our nation’s banks make available reasonable contributions, and programs as intended by the Civil Rights legislation CRA.
UAAD ask any and all to join with us in bringing about economic parity for minorities in particular, who was harmed by discriminatory practices which included predatory lending by our nation’s banks.
Walter L. Ellis, CEO UAAD uedcinc@aol.com 

PRESENTATION GSU 9/20/06 “ECONOMIC PARITY”

Walter Ellis CEO / Founder United Affirmative Action Development Corp / UAAD, a 5013c non-profit.

Also CEO and founder United Equity Development Corporation / UEDC, a for-profit Louisiana Corporation.

Both Corporations founded in 1995/1996 while participating in a CRA agreement with Premier Bank, a Louisiana Bank.

CRA stands for the COMMUNITY RE-INVESTMENT Act of 1977, often stated as the most important Civil Rights Legislation ever passed by Congress.
It was passed due to the extreme discrimination, predatory lending, and red-lining practiced by our nation’s banks.
The FDIC/OCC who regulate the banks and who are the enforcer of these regulations suggest that banks enter in into CRA agreements with COMMUNITY Organizations in order to better serve the low-moderate income community.
It is suggested that banks commit up to 10% of their assets toward CRA contributions. These contributions can be negotiated by way of low interest loans etc. Only under CRA can a bank negotiate a loan below prime rates.
Other compotants, such as low interest business development loans, Block Grants etc.

In 1977 BofA negotiated a $350 Billion 4% interest commitment to ACORN for 10 years, for HUD housing development.

In 2004 JPMorganChase Bank committed $800 Billion dollars to their Community Partnership that they don’t like to call CRA for a variety of reasons. Out of this commitment they indicate on their web-site that they have dedicated $69 Billion to various organizations and individuals. An investigation will reveal that the majority of that $69 BILLION was committed to Groups, and Organizations that were not people that look like Us.

“SMART START of Louisiana” $5 Million commitment? (David Lewis)
($8 Million request for GSU 0404/06)?

How I believe we should look at the total commitments of all our nation’s banks which exceeds 4.2 Trillion dollars to date. These are normally 10 year commitments beginning April 2004. These commitments were or should have been made to African Americans in particular. The CRA act was implemented and passed in 1977. It would appear that since few banks have committed little or none of there funds to African Americans, that without interest they would owe this Community approx. 12 Trillion dollars.

In UAAD’S opinion CRA commitments should be a form of REPARATION for Descendants of Slaves. It was always meant as a penalty that Congress meant the banks to pay for their past transgressions.

JPMorganChase Bank with an $800 Billion total commitment closed both my business accounts, barred me from all their facilities throughout the US, simply because I asked them on behalf of UAAD to consider:
Allocating approx. $80 Billion for the next 5years, for Business Centers development, using HBCU’s for education and development.
Enter into a CRA agreement with UAAD and a Coalition of Community Organizations to negotiate low interest loans, block grants etc.
Negotiate an AFFINITY CREDIT Card agreement with this Group.
Understanding the reasons this Act ineffective due to:
If we don’t ask, the banks will not tell.

OCC/FDIC Prime purpose and goals are to protect the interest of the banks; therefore they will not be involved in any benefitual manner in complaints, especially if you are a Person of Color.

The Bush administration which is the overseers of the regulatory agencies, and whose Father is said to have had a long involvement with the Federal Reserves who allocate and loan monies to banks utilize such power to create “One World Order”, keeping Black Folks in poverty, never to receive Reparation form this Government. And since the Federal Reserves practically own and control the banks they are going to do their best to see that the banks have to abide by the regulations set by Congress, but the “loop hole” is that they must use “prudent banking practices” when carrying out their CRA obligations. That is to say if a low-income, poverty stricken Black Man come to your bank and ask you for a loan, and if he can’t prove that he meet the requirements with a line of credit, the bank is in compliance by not making such loans, as JPMorganChase practices this date the year 2006.

The OCC/FDIC also advise the banks, as Mr. David Lewis The Regional Director of the OCC advised UAAD and Mike Scott the VP of CRA the State of Louisiana recently that the bank was not required to enter into CRA agreements or arrangements unless they chose to do so.

Without Chase Bank entering into a CRA agreement the above mentioned Black Man, to make it short you can call him Walter, has no one to present his case whether discrimination, predatory lending existed or not.

I was told by Mr. Peter Barrett the Republican Council for one of the Financial Committees when lobbying Congress in January this year that the reason this act?? CRA was still a regulation was due to no one attempting to make it effective. He mentioned that the Democrats have tried, and they are not going to take a chance again as long as the Republicans are in Control of Congress.

Solution:
UAAD ASK ALL AFRICAN AMERICANS TO BOYCOTT JPMorganChase Bank in LOUISIANA.

UAAD believe that most other banks in Louisiana such as AmSouth and Regions are willing to provide banking services and begin adhering to CRA. Chase Bank’s Vice President of CRA Mike Scott stated African Americans were not included in The Civil Rights Act CRA, created due to banks’ predatory, and discriminatory practices in minority communities, the majority of that minority being African Americans.

An effective BOYCOTT of Chase may influence other banks in Louisiana and else where to negotiate reasonable agreements as suggested under the COMMUNITY RE-INVESTMENT Act of 1977, CRA. It is apparent that Congress, the OCC/FDIC is not going to assist most African Americans. See:

http://www.unitedaffirmativeactiondevelopmet.com/
http://www.chasebankreparation.blogspot.com/
http://www.cra-uaad-neworleans.blogspot.com/
http://www.bankwhileblack.blogspot.com/
http://www.uedcrabank.blogspot.com/

Walter L. Ellis, CEO, UAAD
uedcinc@aol.com
9/21/06


UAAD CRA PROPOSAL to NAACP
UAAD suggest that:
Mr. Kevin Williams arrange a start-up grant (contribution) of $20,000.00 to be funded by October 15, 2006. These funds will allow expenses to be paid to CRA Consultants in order to propose a $500,000.00 Contribution to Northern Louisiana NAACP CRA / UAAD non-profit affiliate.
The urgency of this request is to assist African Americans suffering AmSouth’s past and present red-lining and predatory lending in the low, moderate-income Communities. These violations are in direct violation of the Community Re-Investment Act of 1977, the most important Civil Rights Legislation ever passed by Congress.
The urgency for AmSouth is their desire to appease Organizations such as the NAACP while they are attempting to merge with Region Bank. A public hearing will be held in the very near future and both banks will be offering Organizations as little as possible to indicate to the OCC that they are meeting their CRA obligations. That obligation is that it is suggested that they contribute approximately 10% of their total assets toward CRA activities. I would believe that Mr. Williams have or will demonstrate how his bank has met those obligations for the past 2 years, which is one of the duties of the banks CRA Official. Other duties are to arrange agreements with Community Organizations to make long term agreements, up 10 years to offer low interest loans, SBA loans, Block Grants etc. to the minority community. Under CRA loans can be negotiated by the bank with 501c3 non-profits sometimes below prime interest rates. Many times these negotiations are allowed when the Community non-profit offers a micro-management of such loans, in order that the bank, protected by the FDIC and Federal Reserve insist that prudent banking practices are observed.

In addition to AmSouth’s contribution we ask that they assign a bank official that has the loan capacity to service the commitment. This official will serve on a Community loan committee that will be selected to choose paid Business Consultants who will pre approve loans, that the bank will give final approval or disapproval
This agreement is and will model on older CRA arrangements of this nature, and a recent CRA agreement with Wells Fargo Bank. An affiliate of UAAD Recycling Black Dollars was involved in these recent negotiations. This agreement is the first I am aware of that indicates that CRA was meant for People of Color. This arrangement makes a commitment of 60% to African Americans, 30% to Hispanics, and 10% to others. Although I personally don’t agree to 10% to others, it is far better than past hand-outs by banks. See: http://www.uaadcorp.com/

UAAD will be seeking similar arrangements with SCLC in New Orleans,
see:
http://www.cra-uaad-neworleans.blogspot.com/.
Walter L. Ellis, CEO UAAD uedcinc@aol.com September 29, 2006

Memorandum Seminar NCRC NO 9/25/06
A report to Dr. Martin A. Denesse,
This meeting attended this date was very informative and can be of considerable assistance in our efforts. The NATIONAL COMMUNITY REINVESTMENT COALITION (NCRC) is a well established organization with considerable skills regarding CRA issues. See: http://www.ncrc.org/ , and you may want to contact Mr. Irvin Henderson the Chairperson or Anne Pasmanick VP of Coalition Relations and ask if someone from the New Orleans area could attend our Coalition meeting(s).
A Power Point presentation was presented illustrating the after math of Katrina with Dr. Denesse explaining in clarity many of the problems.
Top officials from 11 major banks throughout the country were present, to include CRA representatives, some we have met and discussed our proposals. Rev. Thompson suggested that we invite CRA representatives from banks in the New Orleans area to our Saturday meetings. I believe this to be a good idea. I do believe that it would be more effective if the New Orleans Coalition under the leadership of Rev. Norwood Thompson CRA@UAAD New Orleans would make the invite. Mr. Kevin Williams VP of CRA AmSouth Bank was present and stated after I made remarks before the group that his bank would certainly get in touch with UAAD regarding our request for a contribution and began a process of negotiating a CRA agreement with his AmSouth Bank.

In my remarks I stated my views on how CRA should work for the Community and the Bank(s). I relayed my displeasure with JPMorganChase Bank and its approach and lack of approach to CRA. I mentioned names of Bank One’s CRA official who had done what a Community minded CRA official should do to perform their job, and was terminated by Bank One. I also mentioned that his replacement Mike Scott was a “Uncle Tom” doing Chase Bank’s dirty work for the past 10 years, helping to create the poverty and despair that exist in Louisiana prior too Katrina, after Katrina and presently. I feel that these conditions still exist, and that many would not if officials as Mr. Nathan Thornton who was attempting to perform his job as designed, had not been replaced by the likes of Mike Scott. Mark Willis VP of JPMorganChase Community Partnership out of their New York Headquarters office was also present. Mr. Willis had related to me in a telephone conversation earlier this year that Mike Scott was a fine gentleman, and he was very displeased that I was not cooperating with Mike. At this meeting after some harsh statements were made by others indicating Mr. Willis did not have the African American Community in his organizational plans, and before I was able to ask him questions, he decided it was time for him to get back to New York. Mr. Willis’s superior Mr. Jamie Dimon I understand will be speaking or meeting in New Orleans today September 26, 2006. I suggest that UAAD and others attend this and all meetings where JPMorganChase Bank officials are spreading their false propaganda, and ask why Chase Bank do not offer equal opportunities to African Americans, in order that they to can achieve “Economic Parity”.
Mr. Dimon who is described in a USA Today News article as a “Socialist”, appears to only exercise that philosophy when Caucasians are concerned.
Walter L. Ellis, CEO UAAD uedcinc@aol.com September 26, 2006

Few banks commit little or no funds to African Americans

The CRA act was implemented and passed in 1977. It would appear that since few banks have committed little or none of their funds to African Americans, that without interest they would owe the African American Community approx. 12 Trillion dollars.
JPMorganChase Bank with an $800 Billion total commitment closed both my business accounts, barred me from all their facilities throughout the US, simply because I asked them on behalf of UAAD to consider:

Allocating approx. $80 Billion for the next 5years, for Business Centers development, using HBCU’s for education and development.

Enter into a CRA agreement with UAAD and a Coalition of Community Organizations to negotiate low interest loans, block grants etc. http://www.cra-uaad-neworleans.blogspot.com/

Negotiate an AFFINITY CREDIT Card agreement with this Group.
http://www.chaseuedcaffinity.blogspot.com/
http://academic.udayton.edu/race/02rights/repara30.htm
http://www.chasebankreparation.blogspot.com/
UAAD ASK THAT AFRICAN AMERICANS BOYCOTT JPMorganChase Bank
Walter Ellis, CEO UAAD uedcinc@aol.com http://www.moveon.com/ September 21, 2006

How CRA can benefit KATRINA Victims
As stated by Hugh B. Price than President of the National Urban League, “most people who live outside of Washington DC have probably never heard of the Community Reinvestment Act. Yet though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. He went on to say “Congress passed the Community reinvestment Act in 1977 in response to clear evidence of the noxious effects of “redlining” – the systematic refusal of lenders to provide loans to businesses, homeowners and prospective home buyers in particular neighborhoods, especially those which were predominantly Black or Hispanic. http://www.uaadcorp.com/. United Affirmative Action Development Corporation (UAAD) a 5013c non-profit whose principle goals are to provide an instrument beneficial to both the bank and the community it serves. It allows our members an entry into this financial institution, and at the same time allowing the bank its obligation of safe and sound banking practices.
http://www.chasebankreparation.blogspot.com/ http://www.uaadcra.blogspot.com/


A CRA Proposal from UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks in the State of Louisiana for Hurricane
KATRINA Recovery.

UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.
The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/

UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/

Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/

UEDC would like for those receiving the above document to review and comment. We are meeting with a local bank’s CRA official here in Ruston, LA to present this proposal. We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition will require a reasonable percentage in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
We anticipate your in-put and participation.

A CRA Coalition Suggestion for COMMUNITY Organizations - New Orleans
United Affirmative Action Development Corp (UAAD), a 501c3 non-profit, and United Equity Development Corp (UEDC), a for profit, propose a coalition of Community and Civil Rights organizations to develop methods to raise funds utilizing the COMMUNITY RE-INVESTMENT Act of 1977,( CRA).
CRA, a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
http://www.chaseuedcaffinity.blogspot.com/

UAAD / UEDC propose to assist in organizing Community Organizations to specifically address CRA issues in the Gulf Coast pertaining, in particular, to those banks serving New Orleans and the Katrina Victims. Our efforts will be to seek funds that have been allocated to low-moderate income individuals because of the banks’ discrimination, past and present, red-lining in the African American and minority communities. These funds exceed in excess of $100 Billion Dollars that banks have in their CRA commitments as of September 11, 2006.
As the CEO of UAAD / UEDC and founder of these organizations, I ask each of your organizations with missions such as ours to join in a collaborative effort to assist African Americans in particular to reach “economic parity”. see: http://www.uaadcorp.com/


It is the intent of UAAD to post all relevant information pertaining to its and the affiliate coalition partners information on UAAD /UEDC’s, blogs, web-sites, http://www.moveon.com/, news media in order to publicize our efforts and goals.

UAAD ask that each of you join and assist to make this a combined effort to negotiate, and implement a $100 Billion CRA arrangement that will allow African Americans and many others to reach “ECONOMIC PARITY”, long past due.


UAAD/UEDC Hurricane Victims Recovery (HVR) Louisiana Bank Proposal

Attn: CRA Representative
UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans the necessary funding in order to recover from KATRINA, and its aftermath.

UAAD will seek a contribution of 3% of each banks CRA commitment to develop the following programs:
Mobil office and trailer units. These vehicles will be used to service the Hurricane Victims and others. Units will be staged at organization sites, churches, colleges and other locations to assist low-moderate income individuals in loan applications, credit repair, business assistance, legal and other mobile assistance. See: http://www.uaadcorp.com/

Promote Coordinate efforts with participating banks to bring financial aid to Hurricane Victims and others. See: http://www.uaadcra.blogspot.com/

Cost per Unit(s): $250,000.00 Mobil RV and Trailer
Operational Cost 6 months: 75,000.00
Total $325,000.00

Units will promote contributing banks logo and contribution.

UAAD is in the process of negotiating a low interest Affinity Credit Card that will benefit other participating banks members. See: http://www.chaseuedcaffinity.blogspot.com/, credit card program.

UAAD anticipate that the majority of the banks in Louisiana will join and participate in this Hurricane Recovery program.

United Affirmative Action Development Corporation, a 501c3 non-profit, would like to meet with your CRA representative. We would like to have a copy of your CRA files and to discuss the following:

A CRA Proposal From UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks In The State of Louisiana for Hurricane
KATRINA Recovery.

The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.

see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/
UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/

Utilization of funds:
Finance down payments to low-moderate-income for home purchase, (based on programs JPMorganChase Bank has established).

Provide low (no interest loans to hurricane victims)

Provide low interest business loans to small businesses. (Lower to Katrina Victims).

Contributions to HBUC’s, to increase CRA activities and scholarship programs.

Establish Micro-business Centers at all HBUC’s and other locations where needed. Centers will be assisted by Community Organizations and small banks. Small banks will also serve and assist on Community Loan Committees.

In addition to low interest loans, assistance from business centers, our members will also benefit from UAAD/UEDC’s low interest AFFINITY CREDIT CARD being negotiated with JPMorganChase Bank.

Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented.
See: http://www.uedcinc.com/

We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition will require a reasonable percentage in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
We anticipate your in-put and participation.

UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).

Memo: Meeting June 30, 2006 Mr. Jack C. Dollins, Jr. re: low-income property finance, Mobile office purchase / CRA agreement with Regions Bank.
This meeting was held with
Mr. Jack C. Dollins, Jr.
Senior Vice President
Commercial Lending Division
Regions Bank
1500 18th St
Monroe, Louisiana 71201

Present at this meeting was Walter L. Ellis myself representing United Affirmative Action Development Corp (UAAD) a 501c3 non-profit, and also United Equity Development Corporation (UEDC) a for profit corporation.

Matters discussed:
Regions Bank financing a Mobile office unit and trailer at a cost of approximately $350,000.00 to promote UAAD/UEDC’s CRA program. (taking banking to the community). Mr. Dollins indicated Regions would entertain financing these units.

A request was made to finance low and low-moderate income properties at 315 Neal St. Ruston, LA. This development is to build income property using tax credit advantages offered by the State of Louisiana. Mr. Dollins stated the bank would most likely participate in this development. Various consultants would be recommended by Mr. Dollins for this development.

A request was made for UAAD to enter into CRA agreement with Regions Bank to promote:
Affinity Credit Cards
Low interest loans to our members, Hurricane Victims in Louisiana in particular.

Mr. Dollins stated he would put me in touch with the bank’s regional CRA representative and the Corporate representative to discuss UAAD’s CRA concerns. He stated that the loan request would be handled by his department.

Business Plan
(DRAFT PROPOSAL)
United Equity Development Corporation (UEDC)
& United Affirmative Action Development Corporation (UAAD)

The plan is to purchase one mobile unit at a price of approximately $350,000

30 ft office trailer (selfcontained) 40,000

Wages:
Driver/Office Manager- 6 monthssalary 25,000

Asst/Office Manager- 6 months salary 20,000

Fuel:
25 gal @ $3.00 a gal per day =
$75.00 a day x 30 = $2250 per
month x 6 = 13,500

Maintenance & Upkeep:
6months 9,000

Communications: 6,000

OfficeSupplies: 1,500
______
Total $75,000
Consultants 150,000

Equipment:
100 Mobil Units 15,000,000

Salaries: 25,000,000

Operation Cost:
1st 6 months – 10 units @ $30,000 3,000,000
Total $43,000,000

Return to Financial Institutions:
I. Bank(s)
a. Members & non-members will patronize the banks
b. Members & non-members nationwide will utilize the banks
c. Members & non-members will participate HUD & Business

II. Verizon – Nationwide participation

III. Diamler Chrysler- Nationwide/world wide- autos, trucks, RVs, etc

Community Trust Bank
Low Income Housing 50,000

Chase Bank
Low Income Housing 250,000

Down Payments – HUD loans @ 4% or less
Lincoln Parish

CTB - $50,000 bank grant
Chase – 5,000,000 bank grant
SBDC – Loans (SBA) – Business development
Walter Ellis BOD / Consultant
Operation Center – Jonesboro, LA
UAAD – 2%

Mobile Unit – UEDC/UAAD
Dr. Simmons – BOD / Consultant - 20% int. in UAAD
Larry

1st Unit Operation: HVR
New Orleans – 9th ward
Assist – HUD –Business Development
Coordinate – Title search, etc – mobil trailer

At least once per week – church group
Truck Stops
Colleges/Universities
Small Business Centers

1,000 students & community personnel
HUD Loans
Business Loans
Credit Repair

Salaries: $20,000 yearly average x 1,000 = $20,000,000
$20 million salaries & benefits

Duties
Supervision:
UEDC
GNLCDC
Operation Hope
ACORN

100 mobil units – 600 sq ft office space
Cost: $150,000 each = $15 million

Income 1st 6 months:
I. Membership – Louisiana 1,000 per week @ $10 per member $26,000
II. Verizon Service $26,000
III. SBDC @ 2% per loan $20,000
IV. Affinity Credit Card $25,000
V. HUD
Verizon – HVR Low/Moderate
Free phones- free Verizon to Verizon – 100 minutes free anytime

Daimeler Chrysler: Vehicles $20,000 and under
No down payments (150.00) no maintenance

Lowe’s – 50% discount

100 students from each HBUCs, ROPE @ reasonable wages

Friday, September 15, 2006

ERRONEOUS STATEMENTS BY OCC AND WHY ????

Dear PHONEY OCC Rep. lg signed below. There is no correspondence from Walter Ellis filling a complaint against Whitney Bank and you know so. This is another conspiracy on the part of your agency to indicate how far the OCC will go in order to protect this agency’s illegal actions. I spoke to Ms. Henderson this PM 9/14/06 and she did not indicate I had filed a complaint. In fact here is the correspondence I received from Ms. Henderson, the Community Affairs Officer of Whitney Bank.

Received on 9/13/06
Mr. Ellis & Rev. Thompson:
I hope this note finds you gentlemen well. As promised, I have listed below the names of several non-profit groups in the New Orleans area that serve low and moderate income families. These groups are providing some of the services you spoke about in our meeting such as, credit & homebuyer counseling, small business and consumer lending, and housing development. I believe a conversation with representatives of these groups will give you some additional information regarding the role that local non-profits are playing in assisting with the rebuilding of our City. There may be opportunities to develop partnerships around a common mission.

I hope this helps. Thanks, Sunada Henderson

Neighborhood Housing Services of New Orleans
Lauren Anderson Executive Director
4700 Freret Street.
New Orleans, LA
899-5900

Neighborhood Development Foundation
Rosalind Peychaud Executive Director
Fred Johnson Outreach Specialist
220 Camp Street
Suite 532
New Orleans, LA
592-8740

Hope Community Credit Union
Lynette Colin
1728 Oretha Castle Haley Blvd.
New Orleans, LA
581-4673


First Evangelist Housing & Community Development
Rev. Taylor
Mrs. Marion Taylor
523-8256

Federal Reserve Bank of Atlanta
Nancy Montoya Community Affairs Officer
593-3256

It is apparent that your agency intends to disrupt any procedure that will benefit African Americans. I spoke with Ms. Nancy Montoya at approximately 11:45AM (9/14/06). Ms. Montoya stated she would contact me after 5pm this date to discuss UAAD 's involvement in actions of the Federal Reserve. It is 5:00am (9/15/06) and I haven't received a courtesy call from Ms. Montoya. I have e-mailed Ms. Montoya
nancy.montoya@frb.atl.org
Federal Reserve Bank of Atlanta
Nancy Montoya Community Affairs Officer
504 593-3256 this is the number I reached her today if you want to confirm.

The games your agency plays the public should be aware!
Walter L. Ellis, CEO UAAD- uedcinc@aol.com

-----Original Message-----From: Customer.Assistance@occ.treas.gov
To: uedcinc@aol.com
Sent: Thu, 14 Sep 2006 7:20 PMSubject:
RE: Meeting with Whitney Bank Officials
re: CRA funds to assist KATRINA Victims
Dear Walter L. Ellis,
This is in response to your Internet correspondence to the Office of the Comptroller of the Currency (OCC), Customer Assistance Group (CAG). CAG answers questions and assists consumers in resolving complaints against national banks. The focus of the OCC’s review of consumer complaints against national banks is to determine whether the bank’s actions are consistent with banking statutes, regulations or any policies that are applicable to nationally chartered banking institutions.
Your email does not detail any complaint against Whitney National Bank, please provide a detailed explanation of your complaint with the bank in order for your concerns to be reviewed.
The OCC will act on complaints and inquiries that are submitted in writing and signed by the account holder. The Right to Financial Privacy Act (RFPA) governs the disclosure of financial records of individual bank customers to agencies of the federal government.
Once we receive your signed complaint, we will begin our review of the matter. Your complaint letter should be sent by FAX or U.S. Mail along with any attachments or supporting documentation.
Required information necessary to process your complaint or inquiry, if applicable:
1. your complete name and mailing address as used by the bank;
2. the full name and location (city, state) of the bank;
3. your account number(s) and type of account;
4. a detailed explanation of the complaint or inquiry and description of how you would like the matter resolved;
5. signature of the account holder, legal guardian, Power of Attorney or other person authorized to act in place of the account holder. If you are not the account holder, you must include documentation indicating your authority.
Please include your assigned case number, #656153, on any written correspondence. Your complaint may be delayed if we do not get the required information.
If your Email message contains the required information as cited above, you may sign your Email message and send it with supporting documentation or correspondence to the address below:

Comptroller of the Currency
Customer Assistance Group
1301 McKinney Street, Suite 3450
Houston, TX 77010-9050
Our fax number is (713) 336-4301. If you have any questions, please contact this office directly at 1-800-613-6743 Monday through Thursday from 9:00 am until 4:00 pm and on Friday from 9:00 am until 3:00 pm Central Time and refer to Case #656153.
We handle a large volume of Emails. Since you have been assigned a case number, we request that you communicate with us through phone (800-613-6743), fax (713-336-4301), or regular mail as we do not process complaints by Email. Future email communications from you concerning these issues will be appropriately filed but will not generate a response.
Please be reminded that e-mail is not secure against interception. Do not include sensitive information of a personal or confidential nature – such as your bank account, credit card, or social security number – in an email or email attachment.
For additional information on complaint processing, go to our website at www.occ.treas.gov and click on Consumer Complaints and Assistance in the left column of choices.
Sincerely,
Customer Assistance Group
lg
656153

From: uedcinc@aol.com
Sent:Wednesday,September13,20062:18PM
Subject: Meeting with Whitney Bank Officials re: CRA funds to assist KATRINA Victims

Memorandum of Meeting held Whitney Bank 9/12/06

This meeting was held with:
Ms. Sunada Henderson VP Community Affairs officer, and
Mr. Richard Ainsworth VP Community Affairs department
At: 228 St. Charles Ave, (conference room)
New Orleans, LA 70130,
This meeting was held at the request of UAAD to receive and discuss if and how UAAD and its coalition partners could improve this banks’ CRA activities. Walter Ellis CEO of UAAD requested the meeting. Rev. Norwood Thompson the Acting director of CRA-SCLC-New Orleans was also present.

After being told by both CRA officials of the bank that the bank had an outstanding CRA rating by the OCC Office of Comptroller of the Currency, we further discussed that UAAD and other agencies would possibly not agree with that rating.

Mr. Ainsworth suggested that we submit a more detailed proposal for what we were seeking from the bank. My statement to Mr. Ainsworth was that we would need some start up funding from his bank in order to hire professional expertise, and in order to submit such request our purpose for the meeting today was to seek funding in order that UAAD might assist the bank in an agreement to assist the African American community as suggested under the Civil rights act CRA that was implemented due to the banks failure to allow "economic parity", while practicing prior and present discrimination, and red-lining in these communities.

Mr. Ainsworth stated that African Americans were not mentioned in CRA. He also stated that his bank does not enter into CRA agreements. He did state that his bank donates to other organizations such as the Girl Scouts in order that they may pass such contributions to Minorities.

I related to the bank officials that it was my understanding from negotiating a similar agreement with Premier Bank, when a CRA official Mr. Nathan Thornton was the VP of CRA, and had expressed to me that he felt it was his duty to assist the community in making available products and programs of the bank. Mr. Thornton made great strides in carrying out that commitment prior to Bank One who purchased Premier Bank. In my opinion Bank One may have dismissed Mr. Thornton for doing what is right for African Americans. Bank One replaced Mr. Thornton with a CRA representative with the attitude and possible commitment of Mr. Ainsworth and Ms. Henderson.

When asked if Whitney Bank would contribute $5,000.00 to UAAD and the Community coalition here in New Orleans Mr. Ainsworth suggested that we meet with Ms. Nancy Montoya with The Federal Reserve who may assist in such funding. He indicated that she was arranging a coalition of banks and that may be the proper forum for UAAD to present a funding request.

UAAD received Whitney Bank’s CRA activity report, and will pass it on to Recycling Black Dollars RBD (Banks CRA Ratings) for evaluation, see; http://www.uedcrabank.blogsopt.com/,
Walter L. Ellis, CEO UAAD uedcinc@aol.com

Friday, June 09, 2006

CRA/OCC COMPLAINT: JPMorganChase Bank (case#617-354)

Ms. Jee, Mr. Lewis OCC Officials please see that this and all complaints are entered in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Mr. Mark Willis VP Community Partnership JPMorganChase Bank please enter this and all complaints in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations

United Affirmative Action Development Corporation (UAAD) a 5013c non-profit and United Equity Development Corporation (UEDC) a for-profit Community organization whose principle goals are to provide an instrument beneficial to both the bank and the community it serves, a means to allow our members an entry into this financial institution, and at the same time allowing the bank to fill its obligation of safe and sound banking practices.
As stated by Hugh B. Price than President of the National Urban League, “most people who live outside of Washington DC have probably never heard of the Community Reinvestment Act. Yet though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. He went on to say “Congress passed the Community reinvestment Act in 1977 in response to clear evidence of the noxious effects of “redlining” – the systematic refusal of lenders to provide loans to businesses, homeowners and prospective home buyers in particular neighborhoods, especially those which were predominantly Black or Hispanic.”

Comptroller of the Currency
Administer of National Banks
Ms. Delora Jee, Deputy Comptroller
250 E. SW
Washington, DC 20219
Re: Complaint # 617-354

Ms. Jee,
My name is Walter Ellis CEO of United Affirmative Action Development Corp (UAAD) a 501c3 non profit, negotiating a CRA agreement with JPMorganChase Bank. On 02/27/06 I spoke to you by phone from Congressman Conley’s office. The question was regarding JPmorganChase Bank’s adherence to 12CFR43.25 regarding disclosure of branches public files. You stated that though they do not have to provide their two year CRA activities as a small bank is required, they are required to have available in each branch any and all complaints filed. These complaints must be made available to 501c3 organizations, and the public. The OCC supervisor Ms. Sharon Gilstrap advised me on several occasions that such complaints should be made available to organizations and the public.
On April 4, 2006 I met with JPMorganChase Bank officials and Mr. David Lewis the Community Affairs Officer for the OCC whose region covers Louisiana. Mr. Lewis assured me that such complaints would be made available. I later received a letter from JPMorganChase Bank that I could not enter “any” JPMorganChase Bank branch, due to my complaints.
On May 04, 2006 I spoke to Mr. David Lewis regarding this complaint. Mr. Lewis stated that the bank could not bar me from entering their branches. Mr. Lewis stated also that he would investigate my complaint and would get back in touch with me the first of the week. It is now May 13, 2006 and Mr. Lewis has not returned my call.
This date I received a letter Debra Baker OCC Service Manager, (attached). This letter appeared to be a smoke screen on the part of your agency that intentionally would not address the issue of the banks responsibility of posting complaints in their public file as you and Ms. Gilstrap stated they were required.
The reason for this smoke screen on behalf of your agency in my opinion is two-fold:
Your agency does not want to investigate JPMorganChase Bank because you state it is a conflict of interest on your part.
If your statement on 2/2706 is a true statement that complaints be in the public files, and Ms. Gilstrap stating on several occasions that this is the case, than it is apparent that the letter I received this date from Ms. Baker is a smoke screen created by your agency, see:
http://www.uaadcorp.com/ , and click on “Federal Agencies and Banks Collaborate”,
http://www.uaadcra.blogspot.com/

Ms. Jee I would like a reply from your office as soon as possible. If my complaint is legit, it is another example of why when African Americans complain, they need to hire an attorney according to Ms. Baker, and when Caucasians complain Federal Agencies investigate and prosecute.
Respectfully,
Walter L. Ellis, CEO UAAD
uedcinc@aol.com

It appears that Chase Bank on their web site regarding their Community Partnership Program is assumed to take the place of their CRA program. CRA is mandated by the CRA act of 1977 to address the red-lining and discrimination practiced by the banks. It appears that Chase after its various mergers and is regulated by CRA is now forming a related department that may or may not meet the requirements of CRA. August 24, 1999 United Equity Development Corporation (UEDC) attempted to negotiate an Affinity Visa Credit Card agreement with FIRST USA PARTNERS, a division of Bank One, at a low interest rate for African Americans and those who have been unrepresented by banks.

April 28, 2006 UAAD negotiated with JPMorganChase Bank an Affinity Credit Card Agreement. See: http://www.chaseuedcaffinity.blogspot.com/

Memo of conversation with Chase Bank officials (9/23/05)
This pm I contacted Ms. Gloria Reynolds via phone (214)651-8189 regarding a request to enter into negotiations under the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) in order to address the needs of low income, moderate income individuals, and especially those suffering from the hurricanes.
Ms. Reynolds first stated the bank do not have any special programs regarding these victims, other than an employee contribution within Chase Bank. She did advise that if special type loans were needed for individuals such as me or victims of the hurricane, I would have to speak to the bank’s Shreveport, LA. Office with Charlita Coleman. Ms. Reynolds stated she would give me a “yes or no” answer regarding my request that had gone from their New Orleans office to Chicago IL., than back to New Orleans, than to Dallas, TX. This request, a part of which is on www.unitedaffirmativeactiondevelopment.com web site which I believe clearly indicates the request of UAAD to enter into a CRA agreement to address the present and past red-lining and discriminatory practices of Chase Bank/ Bank One. When asked if she, Ms. Reynolds, was the proper official to discuss this matter with, she indicated she was and later gave a confusing answer as to what her position would entail. In a later phone conversation, Ms. Reynolds indicated she would review my request on the web site and make an attempt to give me an answer this p.m. When I indicated to Ms. Reynolds that Ms Coleman had advised that I would have to talk to a no named official in their New York office, Ms. Reynolds stated she would be doing so, but had not yet determined who that official would be at this time.
While speaking to Ms. Coleman, and asking her what programs Chase provide for low, moderate income individuals under CRA regulations, she fumbled through several, but none provided directly by Chase Bank. Ms. Coleman did state that if my non-profit organization was involved in HUD housing development, and we could show that involvement, the bank would entertain a partnership program if our organization met their requirements. I asked Ms. Coleman to e-mail me the Bank’s requirements. Ms. Coleman stated I would have to first fax or e-mail her my qualifications. What I am suggesting by repeating these conversations is that these individuals both Ms. Reynolds, Ms. Coleman, Mr. Scott and others are employed by Chase/Bank One to block organizations such as UAAD/UEDC from entering into any worthwhile agreement as regulated by the FDIC/OCC under the CRA Act. Walter L. Ellis CEO UAAD/UEDC

Ms. Reynolds (September 27, 2005)
I received your email dated 9/26/05 and your bank’s most recent performance evaluation for Bank One (all 274 pages).
On a separate note I asked whom I would speak to or could meet with in order to discuss a CRA agreement with Chase Bank/Bank One. Your reply was that individual who at the time of our conversation you were unable to identify, would be in your Chase Bank, New York office. You stated it would be the following week before you could contact that individual. You also stated you would pass on that information when you contacted him or her. I also asked what your position with the bank was and if you were a CRA official capable of discussing an agreement and you again stated that person is in the New York office.
You didn’t give me your position with the bank and I would appreciate knowing what your title is in the event UAAD may enter into an agreement with Chase Bank as you related that there were other opportunities offered by your bank to assist community organizations such as UAAD, a 501c3 non-profit.
I asked that you review our web site in order for you to understand that Bank One when it purchased Premier Bank, UAAD was invited by Premier to assist in enhancing its CRA programs. Bank One CRA officials also discussed agreements with UAAD, verbally and in writing. After the merger was finalized UAAD filed a complaint with the FDIC and OCC due to the bad faith negotiations on the part of Bank One. (documents are available)
So I say to you, Ms Reynolds that I strongly object that you would accuse UAAD or me of making false accusations regarding Chase Bank being involved in discriminatory practice, but according to Premier and Bank One officials, they clearly stated that their banks were guilty of both red-lining and discriminatory practices. There may come a time when these charges can be brought out for Congress, the courts and the public to review. I personally do not need your web address in order to find the nearest Chase Bank, I’m aware of Chase Banks lending practice to African Americans, in particular, and believe that our CRA proposal will assist in alleviating your bank’s present and past performance.
UAAD’s aim and goals is to assist Chase Bank in providing economic parity to “all” in the community your bank serves. Our proposal entails programs that will allow Chase Bank to enter into an agreement with benefits for the community and “Chase Bank consistent with safe and sound banking practices.
Your immediate reply would be appreciated. Sincerely, Walter L. Ellis, CEO UAAD/UEDC

Memo: Meeting with Chase Bank officials (September 29, 2005)
I met with Ms. Charlita Cloman, Vice President, and Community Partnership Mgr at Chase Bank in Shreveport, LA. The purpose of this meeting was to discuss Chase Bank’s CRA or Community Partnership or any program Chase Bank may have to assist United Affirmative Action Development Corp (UAAD) and its members in entering an agreement. Ms. Cloman indicated that she will set up a telephone conference that included Mike Scott and Gloria Reynolds since I had been speaking with them regarding negotiations for a CRA agreement. The telephone conference was implemented by Ms. Cloman. Mr. Scott spent considerable time regarding his displeasure with me making unfair statements regarding his bouncing my proposal from bank official to bank official. He also appeared upset regarding my frequent statements saying that the CRA Act also addressed the red lining of Blacks, African Americans to include low and moderate income. My explanation of using African Americans as victims of the banks wrongful act, to include Chase Bank was my belief that the Community Re-investment Act of 1977 was implemented due to the banks policy of red lining in the African American community, past and present. Mr. Scott went on to say, with Ms. Reynolds’ backing, that Chase Bank had no obligation to adhere to the Community Re-investment Act of 1977.
Upon this remark being stated in a different manner on several occasions, I advised Mr. Scott that I would reply to our conversations on UAAD’s web site and would email my reply to Chase bank officials.

Mr. David Lewis, Community Affairs Officer March 15, 2006
Office of the Comptroller of the Currencey
500 N. Akard St., Suite 1600
Dallas, TX 75201

Dear Sir,
Due to previous complaints UAAD has made against Bank One and Mr. Mizell Scott’s failure to respond, we ask that your office make this complaint official.
A recent complaint #617-354 was filed at the Houston, Texas office of the OCC.
Bank One / JPMorganChase Bank fail to allow UAAD and others to view their public files as required under 12CFR25.43.
Bank One failure to honor previous agreements entered into by UAAD.
Bank One failure to provide loan applications to minorities.
Bank One failure to disclose CRA activities.
Bank One failure to recognize African Americans as CRA recipients.
Bank One failure to provide financial assistance through their CRA activities, or Community Partnership arrangements.
Bank One JPMorganChase’s failure to include African American Community Organizations in their Community Partnership programs in a manner benefitual to the African American Community.
JPMorganChase Bank”s promise to pay $5 million dollars in reparation payment to descendants of slaves.
Mr. Lewis I ask your immediate attention to this complaint and provide me in writing how your office can assist.

JPMorganChase Bank’s commitment to “REPARATION”????????????
After making a commitment to “REPARATION” of a measly $5 million dollars, this bank’s intent is to distribute these substandard funds in a manner that it will benefit Caucasians and very little to African Americans. This is a similar manner in which Chase bank distributes its Community Partnership funds that should be meant for African Americans. See: http://www.uaadcorp.com/. This is the manner in which JPMorganChase Bank has operated since they held Slaves as collateral. JPMorganChase Bank committed $800 billion dollars in 2004 that should have been for “REPARATION”, but instead has been committed to the advancement of Caucasians. This administration and its regulatory agencies support JPMorganChase and its racist discriminatory practices. UAAD ask Move-On, Congress, to assist in ending these practices. There is no reason why these commitments by Chase and other banks in excess of $4.2 trillion dollars shouldn’t be used to assist the hurricane victims and other African Americans in need, suffering since slavery. See: http://www.bankingwhileblack.blogspot.com/

February 26, 2006
While lobbying Congress and the Office of the Comptroller of the Currency (OCC) regarding JP Morgan/Chase Bank’s non-compliance of the Community Re-Investment Act of 1977 (CRA) a Civil Rights Legislation, the following is my report;
The purpose of lobbying was to present proposals that United Affirmative Action Development Corp (UAAD) a 501c3 non-profit community organization, wished to express how funds in excess of $800 billion dollars that Chase Bank has committed towards fulfilling it’s obligation under CRA, can assist the Katrina victims.
The sooner Chase Bank makes a commitment to African Americans as it has to others, the sooner economic parity will be obtained. Chase Bank should not meet the requirements of CRA mainly because of this legislation. They should feel obligated to serve the needs of the entire community no matter of color or gender. Mr. Mizell Scott who serves as Vice President of Chase Bank’s CRA for the State of Louisiana expresses the views of Chase Bank when he has stated on more than one occasion that it is his and Chase Bank’s view that CRA was not meant for African Americans, and Chase Bank doesn’t have to adhere to UAAD’s views. Mr. Scott and other Chase Bank CRA officials also express that they are proud of Chase Bank’s CRA performance.
According to the latest CRA Performance Evaluation March 31, 2004 by OCC, in my opinion the State of Louisiana must have the worst report of all the States in which Chase Bank operates. See: www.uedcinc.com/id18.html According to the same report it is recommended by the OCC that Chase Bank should involve community organizations in order to improve their performance. See; http://www.uaadcorp.com/ for more information regarding this complaint.

Conversation today with Mr. Lewis that there is a good possibility of implementing and getting funding our proposed programs at GSU and othe HBUCs. This proposal is to establish a chair, a business center, scholarships and other educational benefits for the community.
I received a call from Mr. David Lewis who represents the OCC compliance in the southern area. His request was that I hold off my complaints, and he would assist in our organization getting the necessary funds to promote our CRA activity proposals. He indicated the HBUC's and similar programs would more than likely be supported by the OCC and banks. He basically asked if I would set aside the protest and complaints, he would probably be able to convince the bank(s) to service the needs of the community. I will be in contact with Mr. Lewis in the next few days arranging a meeting (forum) at Grambling State University between April 3-6, 2006. I would ask your assistance in arranging this forum if available. I believe this will be an opportunity to present and place worthwhile programs in the community. Your organizations assistance will help make these programs the success they deserve.
Walter L. Ellis CEO UAAD 2/28/06

The cause of poverty prior to Katrina (March 9, 2006)
CNN is doing a fair job of exposing racism and discrimination in America. United Affirmative Action Development Corp (UAAD) a 501c3 could use your and others assistance in exposing our nation’s banks predatory lending and red-lining practices which has been the major contributor to this problem. With proper exposure and investigation it is believed that banks will be persuaded to provide the necessary assistance long past due African Americans in particular. http://www.uaadcorp.com/
The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.
(see: http://www.bankwhileblack.blogspot.com/.)

March 4, 2006
Proposal to JPMorgan / Chase Bank to establish Professorships and Business Development Centers at Grambling State University (GSU), all HBUC’s and other colleges and universities in the state of Louisiana.

UAAD request a grant from Chase Bank for the following purposes:

To establish Professorships at HBUC’s in order that students become more informed of all the benefits of the banking industry.
To establish off campus a business development center. This center will benefit the community in which the bank(s) serve, and will allow for equitable distribution of banks’ community partnership or CRA funds available to low-moderate income individuals.
In order that UAAD can facilitate this request we are asking Chase Bank to support this project in the following manner:
A grant of $20,000.00 to cover cost of arranging conferences related to this proposal. To also prepare a comprehensive proposal to request funding for:
Professorships at GSU $600,000.00
Administration support $400,000.00
Building $500,000.00
$1,500,000.00

Dillard University $1,500,000.00

Southern University $1,500,000.00

Xavier University $1,500,000.00

Louisiana Tech $1,500,000.00

Univ of LA @Lafayette $1,500,000.00

Other Universities and Colleges with established
Business Development Center $1,000,000.00

Total $8,000,000.00

A plea to President Bush’s compassion March 8, 2006
Mr. President,
African Americans are concerned along with all citizens of Louisiana regarding your commitment to the hurricane victims. Our nations banks claim to have a commitment to assist low-income, moderate-income individuals that should include African Americans under civil rights legislation, meant for African Americans, a regulation named THE COMMUNITY RE-INVESTMENT ACT of 1977 (CRA). This act was implemented due to racism, red-lining and discrimination practiced by our nation’s banks since Slavery. Our nation’s banks have in their commitments in excess of $4.2 trillion dollars in their CRA commitments. See http://www.uaadcorp.com/. These funds dispersed as meant, will provide economic parity for those most in need and the intent of CRA. UAAD a 501c3 non-profit ask that you as a compassionate conservative ask The FDIC / OCC both under your control to insist that these agencies not continue their discriminatory practices in enforcing this important civil rights legislation. With the enforcement of this act as written, and a common cense approach by the FDIC / OCC funds that should be available by Chase the largest financial institution in the state of Louisiana should be made to be utilized to assist the hurricane victims that were discriminated, red-lined and treated in an unfair manner since slavery. JPMorganChase Bank recently agreed to pay reparation payments to African Americans for their despicable acts of using slaves for collateral. It appears that they are continuing similar practices with their predatory lending practices since slavery. It is apparent that these funds properly dispensed using the tools provided by this ACT, will allow parity to be created, and help to reduce the budget. Since neither your administration, nor the Republican controlled Congress will allow any teeth to be added to this ACT, UAAD ask that in the interest of humanity and fairness, this ACT be enforced with the intent in which it should have been written. http://www.uedcinc.com/id12.html
You can contact: Walter Ellis 866 276-2294, uedcinc@aol.com,

Deadria,
My name is Walter Ellis CEO United Affirmative Action Development Corp (UAAD). We have been in negotiations with Bank One since 1995, when they merged with Premier Bank of Louisiana. See: http://www.uaadcorp.com/. Only recently were we aware of JPMorganChase Bank’s commitment to reparation. See: http://www.chasebankreparation.blogspot.com/. UAAD a 501c3 non-profit is affiliated with United Equity Development Corp (UEDC) a for-profit. We are lobbying Congress and also anticipate filing a class action suit against Chase for this and other violations. Your assistance in this complaint would be appreciated.
I can be reached at 866 276-2294, uedcinc@aol.com. March 13, 2006
Respectfully
 
SLAVERY, REPARATION, KATRINA, JPMorganChase Bank
This bank’s involvement in the slave trade has promised to pay reparation in the amount of $5million dollars to African Americans in the state of Louisiana. Due to red-lining and discrimination since slavery, this bank promised to commit $800billion dollars to those who suffered from discrimination. Now they not only refuse to pay those who suffered from their using slaves as collateral, but are using the $800billion dollars to commit to Caucasians, whose descendants owned slaves. See: http://www.uaadcorp.com/ / http://www.chasebankreparation.blogspot.com/

UAAD’s interpretation of Chase Banks Reparation Initiative “SMART START” March 11, 2006
JPMorganChase in 2005 made a commitment to the Louisiana Community. This commitment according to Chase officials was made due to this Banks participation in the slave trade where slaves were used as collateral. Upon asking how the fund provided to the banks Reparation is being distributed it was stated this information could be obtained on Chase’s web site. These officials were not sure how to get to the proper page. When asked how a High School Graduate could obtain the necessary application to apply for this scholarship, it was indicated that they would have to apply at the various Universities in the state of Louisiana.
The following is JPMorganChase Banks $5 million dollar Reparation commitment:
After speaking to Chase officials this date United Affirmative Action Development Corp (UAAD) officials met with officials in Grambling State Universities (GSU) Finance Department and could find no one familiar with this program. See http://uaadcorp.com/.
Chase Bank’s officials were contacted in Baton Rouge who administers this program. This official indicated that the program had been in place prior to Katrina, and her supervisors were trying to devise a plan to use these funds for the Katrina victims and had not yet notified her of how the funds were going to be dispersed.
UAAD filed several complaints regarding matters where Chase Bank fail to meet the needs of the African American Community. Under 12CFR25.43 such complaints should be entered in each and every branch in the state of Louisiana where Chase Bank operates. After speaking to Mr. David Lewis the Community Affairs official for the Office of the Comptroller of the Currency, UAAD have asked that this and other complaints be entered in the Chase Bank’s branch’s public file.

A CRA Proposal From UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks The State of Louisiana for Hurricane
KATRINA Recovery. May 4, 2006
UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.
The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/

UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/

Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/
UEDC would like for those receiving the above document to review and comment. We are meeting with a local bank’s CRA official here in Ruston, LA to present this proposal. We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition to receive 2 percent in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
WE anticipate your in-put and participation.
UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).

There is no crime when “BLACKS” are the victim, according to the FDIC!
It is the opinion of many that JPMorganChase Bank is probably guilty of violations under the “RICO” Act, due to their constant and consistent reenacting various violations of our members’ human rights, disallowing economic parity, discrimination in hiring and fair lending practices, and
Committing those acts from their founding days until the present. Our complaint which probably will not be addressed by government agencies or these institutions will probably have to be brought to Amnesty International or the appropriate agency of the United Nations (UN). A class action suit should be brought with all civil rights organizations joining in with UAAD/UEDC on behalf of our members (millions) of low income, African Americans to influence Chase Bank and other institutions to pay in stock in order that such can be distributed to our members who have suffered from red-lining discrimination practiced by these institutions

Bush, Congress, FDIC should insist that banks use CRA/Reparation funds for KATRINA Victims!!
In 2004 JPMorganChase apologized for the banks involvement in the Slave Trade, and stated they would commit $5 million dollars to a scholarship fund for African American High School Students. This became another broken promise.
Chase and other banks should commit their entire CRA, Community Partnership, funds to those individuals the CRA Act was intended, African Americans, other minorities and the low income, who are yet suffering due to most banks discriminatory practices. Such a commitment will provide needed funds to assist the hurricane, the homeless and other victims CRA intended to assist. Congress should be lobbied, insisting that our regulatory agencies protect the rights of African Americans and other minorities as they do Caucasians. They need to assist these minorities in reaching Economic Parity, and to live the American dream, of freedom and justice for “All”.

Memorandum
Date: May 16, 2006 Meeting with Sen. Vitter’s assistant
I met with Sen. Vitter’s assistant, Brent Tippen. We discussed the complaint against Office of the Comptroller of the Currency (OCC) and the complaints against JPMorganChase Bank. He was given copies of the complaints and he indicated that he would contact the senator’s office for further action.
Our main focus of this meeting was centered on Senator Vitter’s office assisting and UAAD arranging an affiliation of all banks in Louisiana and community organizations in Louisiana to make CRA funds available to the Katrina victims. Mr. Tippen stated he would do what he could to get a statement on or about May 25th.
We would like to express our thanks to the senator’s office for taking time and expressing an interest in important matters for low and moderate income citizens in Louisiana.
We also request Mr. Tippen to request a hearing in the Senate and Congress for UAAD to address the importance of CRA to assist the Katrina victims.
We also want to address how the 4.2 trillion dollars that the banks have in their CRA, Community Partnership, and REPARATION funds can be used to assist disaster and other low, moderate income victims to include African Americans.

MILLIONS SUFFER, CHASE BANK HOLD BILLIONS of $$$ IN COMMUNITY PARTNERSHIP REPARATIONS COMMITMENTS!
Chase Bank treat Louisiana Citizens in general as they treat BLACKS!!
In 2004 JPMorganChase Bank admitted, apologized, and promised to commit $5 million
toward reparation to African American high school graduates in the state of Louisiana in the form of scholarships. see: JPMorganChase Bank also in 2004 under their community partnership committed
$800 billion dollars to provide funding for low, moderate-income individuals that should include African Americans, see: http://www.uaadcorp.com/
Since 2004 JPMorganChase Bank has committed approximately $69 billion to foreign or predominately Caucasian organizations. These predatory, discriminatory practices were a part of Chases’ commitment to the African American Communities prior to KATRINA, after KATRINA, and presently, while many yet suffer. JPMorganChase Bank and other financial institutions are able to continue these DISCRIMINTORY practices with the support of this administration in particular. http://www.uaadcra.blogspot.com/ http://www.bankwhileblack.blogspot.com/
Walter L. Ellis, CEO UAAD 866 276-2294 uedcinc@aol.com http://www.moveon.com/
 
May 15, 2006

Chase Bank treat Louisiana Citizens in general as they treat BLACKS!!
What is the purpose of FDIC and OCC and can they help the Katrina victims?
In 1998 UAAD filed a complaint against Bank One due to bad faith negotiations, and its lack of compliance to CRA. This complaint addressed in particular its practice of discriminating against African Americans. Several other complaints have since been filed. The OCC is responsible for enforcing and listening to such complaints. Once these regulatory agencies decide to protect the citizenry as well as the bank(s), trillions of dollars will be made available to those the CRA act was intended. CRA agreements well intended for the low, moderate-income, to include African Americans will not only create economic parity, but will also help in reducing the budget, and at the same time allow the bank(s) to operate in a prudent manner as required by CRA.
See: http://www.uaadcorp.com/ / http://www.bankwhileblack.blogspot.com/ / http://www.chasebankreparation.blogspot.com/
 
May 15, 2006

The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.

REPARATION, CRA, CHASE Bank commitment = Poverty for African Americans, and all Low income in Louisiana!!!!!
The manner in which JPMorganChase Bank treat their CRA commitment, which was implemented to create economic parity among African Americans (AA) as part of the Community Re-Investment Act of 1977 Civil Rights Legislation, has created poverty, rather than parity. Recently Chase Bank made a commitment to “REPARATION”, http://www.uaadcorp.com/
see: http://www.chasebankreparation.blogspot.com/ and it will explain this banks’ commitment to any program that will benefit AA. If Chase Bank would commit a reasonable portion of the funds being held, such funds could help eliminate poverty, and provide needed financial aide to the low-moderate income in Louisiana. A commitment of the billions being spent to assist Caucasians could better be utilized to assist the Hurricane Victims and many others. The reasons and purpose of Congress implementing CRA was due to red-lining and decimation in the AA, and Hispanic neighborhoods. Chase Bank and other banks use CRA in a “Reverse Robin Hood” manner. See: http://www.uaadcra.blogspot.com/
 

April 21,2006
USA TODAY Moneyline article
JPMorgan settles IPO lawsuit
JPMorgan Chase, one of the investment banks accused of manipulating the prices of initial public offerings during the dot-com boom, agreed to settle the claims by paying a $425 million settlement. JPMorgan is the first of dozens of investment banks named in class-action lawsuits for allegedly requiring investors awarded with the lucrative shares to buy more stock after the IPO. None of the other banks named in the cases have settled yet.
See: http://www.chasebankreparation.blogspot.com/ http://www.uaadcorp.com/

There is no crime when “BLACKS” are the victim, according to the FDIC!
It is the opinion of many that JPMorganChase Bank is probably guilty of violations under the “RICO” Act, due to their constant and consistent reenacting various violations of our members’ human rights, disallowing economic parity, discrimination in hiring and fair lending practices, and committing those acts from their founding days until the present. Our complaint which probably will not be addressed by government agencies will probably have to be brought to Amnesty International or the appropriate agency of the United Nations (UN). A class action suit should be brought with all civil rights organizations joining in with UAAD/UEDC on behalf of our members (millions) of low income, African Americans to influence Chase Bank and other institutions to pay in stock in order that such can be distributed to our members who have suffered from red-lining discrimination practiced by these institutions.
http://www.bankwhileblack.blogspot.com/ / http://www.uaadcra.blogspot.com/ / http://www.moveon.org/
http://www.chaseuedcaffinity.blogspot.com/
JPMorganChase Bank also will have to deal with other class action complaints due to their numerous violations of the Community Re-Investment Act (CRA).

BUSH/CHASE BANK HUMAN RIGHTS VIOLATIONS!!!!!!!!
In 2004 JPMorganChase Bank apologized for it’s involvement in the “Slave Trade”, but yet continues its predatory practices. President Clinton whose family was not accused of being involved in the “Slave Trade” did apologize on the part of America. This ‘son of a bush’ not only will not apologize for his family’s involvement, see: http://www.hst.org/index.cgi/1633. Bush instead makes matters worse by appointing “Racist” Judges, Attorney Generals, and supporting those who discriminate whenever and wherever possible. The KATRINA Victims low, moderate-income to include African Americans suffering due to the conspiracy of JPMorganChase Bank, FDIC/OCC, will continue only and if we IMPEACH Bush, who is the principle contributor. President Bush often speaks about human rights violations in China and elsewhere, but ignore his and this country’s obligation to human rights. See: http://www.outbush2005.blogspot.com/ http://www.bankwhileblack.blogspot.com/

CHASE Bank treat “African Americans”, similar to Bush’s treatment of the “TALIBAN”!!!!
The Taliban protest this administrations action, their accounts are seized and closed in this and other countries. African Americans protest JPMorganChase Bank’s predatory, discriminatory, practices in America, and believe me Chase will close your account, with the OCC/FDIC who Bush is in charge will allow such penalty.
See: http://www.uaadcorp.com/ / http://www.chasebankreparation.blogspot.com/
http://www.outbush2005.blogspot.com/ / http://www.uaadcra.blogspot.com/
http://www.moveon.com/

The purpose of a forum is to discuss the following issues:
Why JPMorganChase Bank would commit a mere $5 million dollars to youths of Louisiana, and not honor such a commitment?
Why JPMorganChase Bank refuses to commit CRA, Community Partnership, Reparation, and “Smart Start of Louisiana” funds to African Americans?
(LSU a predominantly Caucasian institute was made aware of Chase Bank’s commitments to African Americans, and GSU a predominantly African American institution was not made aware by JPMorganChase Bank). http://www.uaadcorp.com/
Why JPMorganChase Bank refuses to contribute to GSU in order to establish scholarships, professorships, and other educational assistance as promised since 1996 by Bank One. (Bank One did establish an educational program at the University of Louisiana at Lafayette, LA. a predominantly Caucasian institute). This project was funded by Bank One using a proposal UAAD had previously submitted to Bank One officials for GSU and the City of Grambling, LA. See: http://www.chasebankreparation.blogspot.com/
Why JPMorgan refuses to commit the $800 billion dollars in CRA funds to African Americans who are the victims of slavery, rather than the majority of these “Reparation, Smart Start” CRA commitments to Caucasians as now practiced.
UAAD invites GSU students, GSU officials. City of Grambling officials, representatives of all HBUC’s, Civil Rights Leaders, Community Organizations representatives, http://www.moveon.com/ and others to join and make this forum successful.
In recent conversations with Mr. David Lewis who is the Community Affairs official for the Office of the Comptroller of the Currency (OCC) he stated that his agency and JPMorganChase Bank were willing to sponsor a forum in April at Grambling. This forum was to address the complaints UAAD had presented since 1996. (see: http://www.uaadcorp/, links and Blogs.

April 19, 2006
Mr. Ruben Ramos
Regional Director of Community Affairs
Southwest Region JPMorganChase Bank
Dear Sir,
UAAD is awaiting your promise to put us in touch with JPMorganChase Bank's affinity credit card department.
See: http://chaseuedcaffinity.blogspot.com/ and
http://www.co-opamerica/realmoney.com
We have GSU mass media, Recycling Black Dollars and other weekly publications waiting to announce the UEDC/Affinity Card. Within 3 years we believe this card will attract in excess of 20 million members and associates of UAAD/UEDC.
Sincerely,
Walter L. Ellis, CEO UAAD
cc: Mark Willis, Exec VP Community Affairs JPMorganChase Bank
David Lewis, Community Affairs Officer of the OCC

HOW JPMORGAN TREAT AFRICAN AMERICANS WHO COMPLAIN ABOUT THEIR DISCRIMINATORY PRACTICESUnder the Community Re-investment Act of 1977 (CRA) regulations, banks are required to provide to individuals or organizations complaints that are filed against the branch or the bank. Since 1995 I have asked and received some information as the CEO United Affirmative Action Development Corp (UAAD) while investigating their activities under CRA. In the past year the bank manager, Ms. Sanders has refused or resisted supplying such reports.
See: http://www.uaadcra.blogspot.com/
http://www.uaadcorp.com/
See the following letter:
Ms. Bridgette Sanders, CRA Mgr December 5, 2005Chase Bank400 N. Trenton StRuston, LA 71270
Ms. Sanders,This is a complaint regarding our conversation 11/25/05 whereby you indicated you would furnish United Affirmative Action Development Corp (UAAD), a 501c3 non-profit community organization, a copy of your branch¬’s recent CRA activities. You first stated that your CRA representative would provide the documents and later stated that you were the CRA representative and the report could be picked up on Monday (11/28/05). UAAD was given a performance evaluation from the OCC, which shed little light on your branch¬’s performance here in Ruston, LA. UAAD would appreciate a recent activity report of the Chase Bank branches here in Ruston, in order to compare with the one received prior to Bank One purchasing Premier Bank in 1996. UAAD would like to have this report by 12/6/05.As the closest CRA official of Chase Bank, I would appreciate you meeting with staff of UAAD and explain how your branch carries out its CRA obligations. A meeting sometime this week would be beneficial. Topics to be discussed at such a meeting would include how undergraduate and graduate students at Grambling State University (GSU), a HBUC, can contribute to and benefit from the bank¬’s CRA commitments.In 1995 when the president of Premier Bank, Mr. Johnnie Maxwell, asked UAAD to assist the Ruston¬’s Banks in improving its CRA performance in order to amplify the merger with Bank One, an inspection of Premier¬’s CRA involvement in the community showed that it excluded African Americans. UAAD would ask that you provide an updated activity report of the Ruston Branch¬’s in order that we may discuss a satisfaction or how to improve the bank¬’s performance in the low, moderate income, to include the African American community. Thanks for your cooperation. See our website http://www.uaadcorp.com/ to better understand our purpose and goals.Walter L. Ellis, CEO UAAD

April 4, 2006
This a memorandum of a meeting held today at Chase Bank in Ruston, LA with Chase Bank officials and Mr. David Lewis of the Office of the Comptroller of the Currency (OCC). You would have to hear a recording of this gathering to believe how a group of adults could attempt to con another intelligent human being.
Others present had their own personal agenda including Mr. Lewis of the OCC, who was more interested in protecting the interest of the bank and neglecting all interest of those Chase Bank and the OCC should protect.
Some others who were invited to express and seek assistance for UAAD’s goals apparently had their own interest at heart and presented a hindrance rather than assistance.
The purpose of this meeting was to ask me, Walter Ellis the CEO of UAAD, A 504c3 non-profit to end my complaints against Chase Bank and the OCC in order that an agreement could be negotiated to help UAAD’s associates. This meeting this date was a dismal failure. It is my intent to pursue my complaint asking Congress to hold a hearing regarding CRA and to also file a complaint with the Justice Department asking the DOJ to take action against both JP Morgan Chase Bank and OCC officials. I also ask that all past complaints be put in the public files including Ms. Sanders asking Kasandra Brown, a reporter from the Ruston Leader newspaper, Mr. Monroe Quigbly and myself to leave the premises after first offering office space and later denying same.
I ask that Mr. Lewis’ supervisor contact me and others present in order to make an official complaint against Mr. Lewis.
We also ask also for the chain of command in writing in order to file these complaints in a timely manner. Our urgency is that until and unless someone take drastic action against JP Morgan Chase Bank who refuses to allocate monies promised for their involvement in the slave trades and refusing to disclose why they can commit what should be reparation (CRA) commitments to African Americans as they do so to Caucasians as indicated in their Community Partnership proposals. UAAD has asked Bank One and now Chase Bank for the past ten years to treat African Americans as they do others. The inequality of present day treatment is little different than the treatment this and other banks treated my dad who was born into slavery. See: http://www.chasebankreparation.blogspot.com/
MEMORANDUM MEETING
JPMorganChase BANK 4/4/2006
United Affirmative Action Development Corp (UAAD) was invited to a meeting the above date by Mr. David Lewis Community Affairs Officer of the Comptroller of the Currency (OCC) in order to resolve complaints UAAD had made against JPMorganChase Bank. Bank representatives present at this meeting were Mr. Ruben Rios Community Affairs officer, Mr. Mizell Scott VP CRA state of Louisiana, Ms. Charlita Cloman VP CRA of JPMorganChase Bank. Also present were Dr. Anthony Nelson Professor GSU, Mr. David Lewis Community Worker City of Ruston, LA, Mr.Monroe Yearby.
UAAD was seeking a contribution in order to organize a forum at GSU that had previously been discussed with Mr. Lewis of the OCC. That request was denied as previously explained by Mr. Lewis of the OCC. The Affinity Credit Card proposal by UAAD according to Mr. Ruben would be discussed with the proper JPMorganChase Bank official within 24 hours of this meeting. UAAD after investigating JPMorganChase Bank’s commitment to reparation asked Mr. Rios to explain how UAAD could assist in distributing the $5 million dollar scholarship commitment made by the bank. UAAD’s investigation determined that this commitment appeared to be fraudulent. There was an indication that there was some kind of deal between the OCC, and Chase Bank officials to allow Mr. David Lewis of Ruston to resolve that issue. It is not clear to me how that would work, and maybe it can be explained in order that it can be clearly publicized.
UAAD request that this memo be treated as a part of its complaint #617-354 and made a part of JPMorganChase Banks public file records that can be viewed in all JPMorganChase branches throughout their system, foreign and domestic. Additional information regarding this complaint see:
http://www.uaadcorp.com/
http://www.chasebankreparation.blogspot.com/
http://www.uaadcra.blogspot.com/
http://www.chaseuedcaffinity.blogspot.com/
Respectfully

On April 28, 2006, I received a certified letter stating:
H. Russell Wood III
 President Northeast Louisiana District
April 27, 2006
Mr. Walter L. Ellis
315 Neal Street
Ruston, LA 71270
Re: Accounts 675247266 and 1592005308
Dear Mr. Ellis:
After your meeting with officers of our bank on April 4 where again your issues were addressed, you caused a disruption in our branch. When you opened your account, you agreed to the terms and conditions of the Deposit Account Agreement. This agreement says that the bank may close your account at any time with or without cause. We have decided it would be best to exercise that option.This is what we're going to do. '.· We are closing your accounts 10 business days from the date of this letter (the Closing Date).· Your A TM card will no longer allow you to make withdrawals, effective on the ClosingDate.· Any checks/savings withdrawals received on or after the Closing Date will be marked"Account Closed' and returned. · Any fees, claims, or other amounts owed will be deducted from your accounts. · Any balance remaining in the accounts will be sent to you within five business days after the Closing Date.Here's what you need to do. .You should stop writing checks/savings withdrawals on this account right away.· If your account is overdrawn, please make a deposit of cash or certified funds immediately.· You should stop using any debit cards or A TM cards associated with this account anddestroy them immediately.· You should make arrangements to redirect all direct deposits and automatic drafts as soon aspossible.We do not make decisions to close customer accounts lightly. However, your repeated disruptive behavior in our branches has upset our employees and interfered with serving our other customers.We request that you refrain from entering our branches in the future and that you stop e-mailing our employees. Your e-mails contain offensive language that our employees should not have to endure.Chase has made every effort to respond to your requests for information by providing you with our CRA Public Evaluation, HMDA and CRA disclosure reports, comments in our public file and applications for small business loans and grants. We have met with you a number of times to discuss your concerns, most recently on April 4, and nothing fruitful has come out of these meetings. We do not see any benefit in prolonging this discourse.Sincerely,H. Russell Wood, IIIPresidentChaseNortheast Louisiana District
I contacted:
Mr. Ruben Ramos, Regional Director of Community Affairs, JPMorganChase Bank and spoke with Terry;
Ms Dietrick's office and spoke with Maria;
Both offices stated that they could not be of assistance.
Closing my personal and business accounts creates a financial burden on myself, family and organizations I represent. It is my belief that this is another fraudulent manner in which JPMorganChase Bank operates in regards to African Americans.
See:
http://www.chasebankreparation.blogspot.com/
http://www.uaadcorp.com/
http://www.bankwhileblack.blogspot.com/
http://www.uaadcra.blogspot.com/
See recent fraudulent lawsuits against Chase and additional memorandums upon request.
cc: David Lewis, OCC – complaint #617-354
Anne Deitrick, Chase Bank
Ruben Ramos, Chase Bank
Dept of Justice
Black Caucus
UAAD Board
News Media
Sen. David Vitter
President Bush
Walter Ellis, CEO UAAD
866-276-2294

Attorney Nancy Langworthy
U.S Department of Justice
Civil Rights Division
950 Pennsylvania Ave, N.W.
Washington, D.C. 20530

Ms. Langworthy,
Thanks for speaking to me on June 5, 2006 regarding the complaint (s) I was expressing relating to JPMorganChase Bank being in violation of CRA/OCC regulations, and possibly Fraud due to Reparation commitments in the state of Louisiana. I expressed to you the necessity to rectify these problems. Earlier in our conversation you stated you would review my concerns, contact the Assistant Attorney General and get back in touch this date. On the return call you stated you had explained my concerns to the Attorney General and his determination was that your department had no jurisdiction regarding my complaints, and you had no one that you could refer me to resolve the matter. See: http://www.chasebankreparation.blogspot.com/

UAAD/CRA Complaint Regarding:
SLAVERY/Appeasement/Disregard of African Americans, and the need for REPARATION (JPMorganChase Bank)
May 17, 2006 United Affirmative Action Development Corp (UAAD) after a ten year study of banks that link JPMorganChase Bank to the Slave Trade http://www.finalcall.com/artman
/publish/article_1797.shtml), and numerous complaints regarding this bank and its predecessors, (see: http://www.uaadcorp.com/), UAAD felt compelled to file an additional complaint this date.
In 1996 Bank One purchased Premier Bank of Louisiana. Premiere Bank had poor CRA ratings in its relationship to African Americans. Premier Bank made some attempt to appease African Americans. After the merger with Bank One, this bank began treating both Black and Whites in a manner not meeting the standards of the Community Re-Investment Act of 1977, Civil Rights legislation. In 1998 UAAD filed (see: http://www.federalreserve.gov/events
/publicmeeting/19980813/panel16.htm) with the FDIC/OCC due to Bank One’s bad faith negotiations on a CRA agreement.
The CRA Act was implemented by Congress in 1977 as part of Civil Rights legislation, due to red-lining and discriminatory banking practices in African American and Hispanic neighbor hoods in particular. JPMorganChase Bank made a commitment of $800 billion dollars toward their CRA activities for a ten year period beginning in the year 2004. This bank state in its Community Partnership proposal (see: http://www.jpmorganchase.com/cm/cs?pagename=Templates/Page/JPMC_
CacheHome&cid=8014123), that it has spent $69 billion since that commitment. (Mostly to organizations other than African American). Now in the year 2006 this bank’s commitment to African Americans and others are less than Premier Banks appeased commitment. In 2004 JPMorganChase apologized for the banks involvement in the Slave Trade, and stated they would commit $5 million dollars to a scholarship fund for African American High School Students. This became another broken promise. http://www.chasebankreparation.blogspot.com/ ,
UAAD contend that Chase and other banks should commit their entire CRA, Community Partnership, funds to those individuals the CRA Act was intended, African Americans, other minorities and the low income, who are yet suffering due to most banks discriminatory practices. Such a commitment will provide needed funds to assist the hurricane, the homeless and other victims CRA intended to assist.
UAAD intend to continue lobbying Congress, insisting that our regulatory agencies protect the rights of African Americans and other minorities as they do Caucasians. They need to assist these minorities in reaching economic parity, and to live the American dream, of freedom and justice for “All”. It should not be as Bush appears to indicate “freedom and justice”. (Caucasians)? (see: http://unitedaffirmativeactiondevelopment.com
/id12.html), “Feds regulate and collaborate with banks”.
UAAD intend to forward this complaint to the Justice Department to investigate this matter if the OCC/FDIC continues their delaying tactics. This is necessary in order to get assistance to the hurricane victims as soon as possible. It is time for REPARATION and Economic Parity for African Americans.
Walter L. Ellis, CEO UAAD uedcinc@aol.com

Memorandum
Case # 617-354
Date: May 15, 2006
RE: Conversation with David Lewis, OCC
Spoke to Mr. David Lewis this date regarding entering Chase Bank Branches nationwide to inspect complaints in public files. Mr. Lewis stated if the bank did not want me, Walter Ellis, to enter that they have that right. Mr. Lewis did agree that I could appoint someone to enter and access the complaints on my behalf. It is my intent to hire homeless individuals for this task. UAAD also request that this and all other complaints be entered in all Chase branches public files and made available for public inspection. Walter Ellis

COMPLAINT: JPMorganChase Bank / OCC (CASE#617-354)
MEMO RE: Conversation with Ms. Carol Klim (OCC)
This date spoke to Ms. Klim June 8, 2006 who stated she had a supervisory position with the OCC and was calling on behalf of Mr. David Lewis who was out of the office.
I explained to Ms. Klim my concern regarding Mr. Lewis, Ms. Jee, and Ms. Gilstrap to put in writing what I am being told on the telephone regarding JPMorganChase Bank refusal to allow inspection of their public files, and possibly not placing complaints in such files as required. I also expressed that in addition to the public files complaint, UAAD a 501c3 non profit was acting on behalf of African Americans and the NAACP in Louisiana in an apparent fraudulent scheme where JPMorganChase Bank promised $5M dollars for a scholarship fund. See: http://www.chasebankreparation.blogspot.com/
http://academic.udayton.edu/race
charles-ogletree-jp-morgan-chase-official-discuss-banks-apology-for-slavery-on-npr.html
http://www.blackamericaweb.com
/site.aspx/bawnews/jpmorgan
In a meeting April 4, 2006 with JPMorganChase Bank officials that was chaired by Mr. David Lewis of the OCC. A promise was made that this commitment would be resolved. http://www.uedcinc.com/id12.html http://www.uaadcra.blogspot.com/
Ms. Klim stated she would discuss my concerns with Mr. Lewis, and she would get back in touch next week.

Ms. Jee, Mr. Lewis OCC Officials please see that this and all complaints are entered in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Mr. Mark Willis VP Community Partnership JPMorganChase Bank please enter this and all complaints in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations

Walter L. Ellis, CEO UAAD uedcinc@aol.com
 June 9, 2006
# posted by Walter L Ellis @ 7:07 PM 2 comments  

Monday, February 20, 2006

RBD/UAAD Quarterly BANK CRA Rating
Our 501c3 non-profit Community Organization(s) will issue quarterly CRA ratings reports on our nations banks.
We will utilize the Federal Reserve Board Banks National Reports, state reports, and local branch reports to evaluate banks specific performance.
Reports and their results will be publicized via news conference, weekly radio broadcast, web cast on KTYM.COM and other news media sources.
Banks will be asked to provide their past 2yr Community Performance reports. Such reports will assist RBD/UAAD in evaluating each banks adherence to the intent of The Community Re-Investment Act of 1977 (CRA).
The law provides a framework for depository institutions and community organizations to work together to promote the availability of credit and other banking services to underserved communities. Under its impetus, banks and thrifts have opened new branches, provided expanded services, adopted more flexible credit underwriting standards, and made substantial commitments to state and local governments or community development organizations to increase lending to underserved segments of local economies and populations.
Our commitment is to insist that banks such as JPMorgan Chase Bank enter into agreements as suggested under CRA in order to provide financial assistance to low-income moderate-income individuals to include African Americans in particular and to eliminate past redlining and discriminatory practices by banks.
We will lobby Congress, The FDIC, OCC to insist that the bulk of the 4.2trillion dollars banks have committed to CRA will be available to African Americans as intended by CRA which was passed as part of Civil Rights legislation in 1977. Had Chase Bank provided the bulk of their 800 billion dollar to African Americans as UAAD and ACORN has attempted to negotiate since 1995, many victims of Katrina would have had a better chance of survival.
The sooner JPMorgan Chase Bank make these funds available to African Americans who are and were the main victims of red-lining, and discrimination, and the reason this regulation was enacted by Congress, the sooner the Katrina victims and other African Americans will be able to achieve financial stability and economic parity.
Banks practices of committing the bulk of their CRA funding to Caucasians rather than to African Americans who are the victims, and the reason for enacting the Civil Rights legislation CRA should cease, and these funds need to be channeled to those the act was originally intended.
CRA agreements negotiated in good faith will be a benefit to both banks and the community they serve or should serve. The bulk of Chase Banks $800 billion dollars commitment should be used to rebuild the Gulf Coast and other urban areas where African Americans are in dire need.
These funds utilized as the Act intended will help to eliminate poverty and assist the destitute and homeless wherever they exist.
RBD/UAAD with a coalition of other community organizations intend to lobby Congress, the FDIC, OCC and our nations banks to address these issues now, not later.

Contacts:
Recycling Black Dollars (RBD)
Muhammad Nassardeen
“Positive Side Radio Program
www.KTYM.com (Mon 1-2PM PST)
1460AM (Los Angeles)
www.rbdglobal.com
Audience call in 310 673-7777

United Affirmative Action Development Corp (UAAD)
Walter L. Ellis/CEO and VP CRA enforcement for (RBD)
www.uaadcorp.com uedcinc@aol.com

Sunday, February 19, 2006

Observing Bank One/Chase Bank’s Public Disclosure Performance Evaluation for June 1999 and March 2004 in various states, it appears that Chase Bank/Bank One’s CRA commitment is “low satisfactory” in areas where African Americans reside. (see Public Disclosure Reports)
UAAD/RBD’s CRA evaluation would rate Chase Bank/Bank One’s performance in Louisiana, Texas, Oklahoma and Illinois “poor” and unsatisfactory. This evaluation is based on 10 years of attempting to negotiate a CRA agreement
with Bank One/Chase Bank. (see http://www.uaadcorp.com/ and blogs)
CRA COMPLAINT
Case # 617-354 Re: JP Morgan/Chase Bank
Non-compliance of 12CFR25.43 OCC/FDIC CRA Regulations

Presented to

Members of the Congressional Finance Committee
of the
United States Congress
Rayburn House Office Bldg
Washington, DC 20515
and
Office of the Comptroller of the Currency
Compliance Division
250 E Street, SW – Mail Stop 6-7
Washington, DC 20219

See: www.uaadcorp.com
www.rbdglobal.com

2/18/06

TO: Honorable Member of Congress
RE: Request A meeting Re Community Reinvestment Act (CRA)

I am writing to request a meeting on the misinterpretation of the 1977 Community Reinvestment Act. The landmark legislation was a Civil Rights victory to benefit African Americans and other people of color. Today, financial institutions have applied a broader interpretation, using it as an Affirmative Action practice to benefit other groups who were not the intended beneficiaries.
To date, the nation’s banks have over $4.2 trillion in CRA commitments. However, our investigation of CRA activity nationwide has shown that the majority of the country’s banks allocations have not been made to people of color. For example, J.P. Morgan Chase Bank had a CRA budget commitment of $800 billion since April 2004; yet out of $69 billion dollars, disbursed so far the majority of the disbursement has gone to none minority interests.
If these CRA commitments were to be used to provide assistance to hurricane victims, it would benefit both the bank and the community at large. Given the fact that J.P. Morgan Chase Bank is the largest bank in Louisiana, we believe it is necessary to apply some enforcement to this legislation now rather than later, to empower urban communities and cities effected by Hurricane Katrina.
United Affirmative Action Development Corp, a Louisiana-based 501(c) 3 (www.uaadcorp.com), is working with Recycling Black Dollars, a Los Angeles-based 501(c) 3 (www.rbdglobal.com), and we intend to build a coalition with other organizations such as ACORN, the NAACP, and the Greenlining Institute to demand compliance. I have spoken to Sharon Gilstrap of the Office of the Controller of Currency (OCC) in Houston, and she indicated that a hearing before Congress would be appropriate to reinstate the spirit of the Civil Rights legislation. With the assistance of Congress and supporting regulatory agencies, we intend to form an agreement with banks that aren’t in compliance with this legislation.
We would appreciate it if you would facilitate this worthy effort of setting up a meeting. I am available if you have any questions. I can be reached at, (866) 276-2294 in my office or please feel free to use my cell phone number at, (951) 452-9160.
Thank you for your time and consideration. I look forward to hearing from you soon.
Kind regards,
Mr. Walter Ellis, CEO of United Affirmative Action Development Corp
Mr. Muhammad Nassardeen, CEO of Recycling Black Dollars
February 16, 2006

Ms Charlita S. Cloman, VP
Community Partnership Mgr
Community Development Grp
LA1-1882
P.O. Box 21116
Shreveport, LA 71154-0001

RE: Non-Compliance of CRA Regulation 12CFR25.43 (Content and Availability of Public File)

Ms. Cloman,
United Affirmative Action Development Corp (UAAD), a 501c3 non profit community organization is seeking branch CRA activities for the past 2 years. We ask that these be made available by all separate branches and that each branch post their separate report in order that the public may observe, as required under The Community Re-investment Act of 1977 (CRA). I would appreciate a reply to this request. I was told by Ms. Bridgette Sanders, who stated she was the CRA Representative for the main Ruston branch that she would provide the above request, and today she stated I would have to contact your office in order to receive the report for the Ruston branch. Your indication that you are proud of your bank’s CRA activities should indicate that the public should be aware of same.
Ms. Cloman it is the concern of UAAD and other organizations, some being Recycling Black Dollars (RBD), the NAACP, and others that your bank is withholding this public information to hide your past and present discriminatory, predatory practices.
Ms. Sharon Gilstrup who is a supervisor at The Office of the Comptroller of the Currency (OCC), advised that a Small Bank has 20 minutes to produce their CRA performance Report upon request. Your bank or branches a Large Bank have up to five days to produce your past two year performance reports.
As the CEO of UAAD on February13, 2006 a request was made for your CRA Performance Reports at 3 (three) locations:
Chase Bank / LA1-1901, 400 Texas Street, Shreveport, LA 71101
Chase Bank, 1935 Airline Dr, Shreveport, LA.
Chase Bank, LA1-9557, 400 N. Trenton, Ruston, LA
UAAD request that these and all branch reports be made available to this 501c3 non-profit, and all organizations and individuals that you are required to provide such reports, under CRA regulations and rules. You providing and having these reports available on or by February 20 ,2006 would be appreciated. Our request is that these reports be posted in public view at all branches throughout Louisiana where JPMorgan Chase/Bank operates.
Your immediate reply to this request is appreciated.
Respectfully,
Walter L. Ellis CEO / UAAD / VP CRA Compliance RBD
For more information see: http://www.uaadcorp.com

Ms. Bridgette Sanders, CRA Mgr December 5, 2005
Chase Bank
400 N. Trenton St
Ruston, LA 71270

Ms. Sanders,
This is a complaint regarding our conversation 11/25/05 whereby you indicated you would furnish United Affirmative Action Development Corp (UAAD), a 501c3 non-profit community organization, a copy of your branch’s recent CRA activities. You first stated that your CRA representative would provide the documents and later stated that you were the CRA representative and the report could be picked up on Monday (11/28/05). UAAD was given a performance evaluation from the OCC, which shed little light on your branch’s performance here in Ruston, LA. UAAD would appreciate a recent activity report of the Chase Bank branches here in Ruston, in order to compare with the one received prior to Bank One purchasing Premier Bank in 1996. UAAD would like to have this report by 12/6/05.
As the closest CRA official of Chase Bank, I would appreciate you meeting with staff of UAAD and explain how your branch carries out its CRA obligations. A meeting sometime this week would be beneficial. Topics to be discussed at such a meeting would include how undergraduate and graduate students at Grambling State University (GSU), a HBUC, can contribute to and benefit from the bank’s CRA commitments.
In 1995 when the president of Premier Bank, Mr. Johnnie Maxwell, asked UAAD to assist the Ruston’s Banks in improving its CRA performance in order to amplify the merger with Bank One, an inspection of Premier’s CRA involvement in the community showed that it excluded African Americans. UAAD would ask that you provide an updated activity report of the Ruston Branch’s in order that we may discuss a satisfaction or how to improve the bank’s performance in the low, moderate income, to include the African American community. Thanks for your cooperation. See our website www.uaadcorp.com to better understand our purpose and goals.

Walter L. Ellis
CEO UAAD
December 9, 2005

Ms. Cloman,
United Affirmative Action Development Corp (UAAD), a501c3 non profit community organization is seeking branch CRA activities for the past 2 years. We ask that these be made available by all separate branches and that each branch post their separate report in order that the public may observe, as required under The Community Re-investment Act of 1977 (CRA). I would appreciate a reply to this request. I was told by Ms. Bridgette Sanders, who stated she was the CRA Representative for the main Ruston branch that she would provide the above request, and today she stated I would have to contact your office in order to receive the report for the Ruston branch. Your indication that you are proud of your bank’s CRA activities should indicate that the public should be aware of same. This being the case it should benefit your bank in our promoting your concerns. Our reason for asking to see these reports is to confirm Mr. Scott’s denial that JP Morgan/Chase Bank does not discriminate against African Americans. Attached is an email recently received from Mr. Mizel Scott, VP CRA JP Morgan/Chase Bank.
For additional information see: http://www.uaadcorp.com
Respectfully,
Walter L. Ellis
CEO / UAAD
walter@uaadcorp.com
uedcinc@aol.com
12/5/05

Dear Mr. Ellis:
We have received a number of e-mails from you commenting upon Chase's CRA performance in Louisiana and requesting a "CRA Agreement" between United Affirmative Action Development and Chase. We strongly object to your comments that Chase engages in discriminatory or redlining practices. In our September response to similar e-mails from you, we informed you that it is not Chase's policy to enter into CRA agreements because we believe our record of helping to strengthen and develop the communities in which we do business speaks for itself. We also sent you in September the most recent CRA public evaluation for Bank One, N.A. Illinois, (now Chase) which includes an evaluation of the bank's CRA performance in Louisiana. The OCC rated Bank One's performance in Louisiana as "Satisfactory" overall and rated the Lending test "High Satisfactory" and the Investment Test "Outstanding." It noted that Bank One had good performance in LMI geographies and lending volume and excellent performance to LMI borrowers. Again, if you or your organization wishes to apply for a small business or consumer loan, information is available on Chase's web site, www.chase.com. Respectfully,
December 5, 2005

Mr. Scott,
Your email dated 12-1-05 regarding Chase Bank’s performance in Louisiana is perplexing. UAAD inspected the CRA Performance of Premier Bank’s main branch in Ruston, LA in 1995. This branch’s performance did not indicate any loans or CRA contributions to African Americans. On 11/25/05 our office spoke to Ms. Bridgette Sanders, the branch manager who first stated that I should get in touch with Charlita Cloman in Shreveport. Then she stated that a CRA representative at the Ruston branch would prepare the report. She later stated that she would complete the report and our office could pick it up on Saturday or Monday. We were given approximately 275 pages which included the state of Louisiana, but it did not include the Ruston main branch performance for the past 2 years. Since we have a previous report that indicate poor performance, we would ask that you advise Ms. Sanders to provide the report she promised on 11/25/05.Louisiana’s most recent performance report (see report) will indicate why the lack of service to African Americans in New Orleans and other areas of Louisiana, help create the poverty that existed and still exist. See www.uaadcorp.com and blogs. See State of LA/N.O. PMA pg C-11 of Chase Bank Performance Evaluation which indicates that Chase Bank practiced predatory lending then and now. Give me your opinion.
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.uaadcorp.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
10/11/05

TO: Mike Scott
CRA Rep. Bank One
RE: Request to Negotiate CRA Agreement

Mr. Scott,
Now is the time for JP Morgan/Chase Bank to negotiate an agreement under the “Community Re-Investment Act of 1977 (CRA) with United Equity Development Corporation (UEDC) AND United Affirmative Action Development Corporation (UAAD).
As Indicated in JP Morgan/Chase Bank’s CRA (Community Partnership) Proposal, this bank has proposed to contribute over three hundred billion dollars ($350,000,000,000) toward CRA- Community Partnerships activities. (see JP Morgan/Chase via www.unitedaffirmativeactiondevelopment.com (pg 9, 41 & 45)
CRA was implemented in 1977 to regulate our nation’s banks to address the issue of red-lining, for example the African Americans in New Orleans and other ghetto’s of America.
Bank of America in approximately 1997, 1998 signed a $350, 000,000,000 CRA agreement for 10 years with “ACORN” in order for the low, moderate income to purchase homes at low interest rates.
UAAD/UEDC’s proposal addresses home, business development and other components that will assist our members, the low, moderate income to include African and Native Americans who the regulations should have addressed. Once JP Morgan/Chase/Bank One fulfill its obligations under the CRA Act and other banks nationwide following suit, not only can New Orleans and the Gulf Coast be rebuilt orderly, it will also lend to providing economic parity to all these banks serve or should serve.
UAAD/UEDC is seeking assistance from community organization, businesses, and congress and government agencies in order to further our efforts in negotiation a CRA agreement with JP Morgan/Chase/Bank One. Now is the time to implement our proposal in order to assist those this act should have addressed when enacted in 1977. Now is the time to distribute funds to those most in need with banks operating under CRA guidelines.(see CRA summary)UAAD/UEDC’s proposal provides protections and benefits to the community it serves and Chase Bank in order that both will achieve its goals. UAAD/UEDC nor ACORN’s agreement entails the bank(s) setting aside, nor contributing these funds to community organizations. It is simply a commitment by the bank(s) to provide these funds to low, moderate income individuals with organizations as ours negotiating such agreements. UAAD/UEDC’s proposal includes consulting with its members in order to assist it’s members in paying back the loans and assist participating banks in providing economic parity for those that the act should have been intended to assist. When politicians neglect certain segments of our society, they can be impeached, recalled or voted out of office. When financial institutions neglect certain portions of our society, all rules and regulations such as CRA should be enforced to the fullest extent possible.
Mr. Scott in order to move these negotiations in the directions intended by UAAD/UEDC, we would like to meet with the official from JP Morgan/Chase Bank that can produce the desired results of UAAD/UEDC. Provided your position and official capacity would lend to an agreement with Chase Bank it would be beneficial to again meet with you if your official capacity will lead to an agreement.
We appreciate your involvement in the past and are in hopes of your further involvement in this important project. See the following websites for more info www.unitedaffirmativeactiondevelopment.com and www.uedcbank.blogspot.com
Sincerely,
Walter L. Ellis
UAAD/UEDC
9/28/05

Ms Reynolds
Based on our two telephone conversations and the email I received from you on 9/26/05, I would assume that you are the main spokesperson to determine whether there will be or should be a CRA negotiation between UAAD AND Chase Bank, as regulations under the Community Re-investment Act of 1977 and according to your performance evaluation that you sent to UAAD in the above mentioned email.
Due to your bank’s evaluation it is apparent that your statement and a similar statement by Ms. Coleman and others that “I am proud of Chase Bank’s CRA performance” will indicate how Chase Bank employees feel that they have no obligation to African Americans. I base this assumption on past and present practices. Chase Bank has contributed to the lack of financial support to the victims of Katrina, especially the people of the 9th ward in New Orleans. As a former police officer I feel obligated to investigate both violations of regulations and criminal acts.
The violations and inhuman treatment, of your bank with your assistance, espouses on African Americans and others should be investigated by Congress, Jesse Jackson, Minister Farrakan, ACORN and Amnesty International. I would ask the FDIC and OCC to again investigate as I did in 1999. I found out in 1999, when Clinton was in office, they supported rather than condemned Bank One’s wrongful acts. Now with Bush causing lost of life disproportionately in Iraq and now in New Orleans, we certainly do not want any assistance from him or his administration. Therefore it is UAAD’s intent to ask Amnesty International to investigate and come to the assistance of those so in need of “help”. I believe that Chase Bank is in violation of the “Rico Act” and an international body should assist in pursuing charges. Had Bank One acted in good faith in 1995 with CRA negotiations with UAAD/UEDC, it is my belief that the living conditions in the 9th ward of New Orleans and other communities would have been improved and thousands of lives probably would not have been lost. The end blame should be put on the federal agencies who should be obligated to protect “all” the people and not adhere to the Bush doctrine of freedom and liberty for Caucasians only.
I as CEO of this organization feel as I did when taking an oath as a police officer, an obligation to serve and protect the rights of all, regardless of race, creed or color. You would thing that the FBI and others in law enforcement would adhere to a similar oath that I myself fell obligated. Such federal agencies that practice and uphold discrimination provide fertile ground for right wing extremists and outlaw banks also supported by Bush and his mother.
September 27, 2005

Ms. Reynolds
I received your email dated 9/26/05 and your bank’s most recent performance evaluation for Bank One (all 274 pages).
On a separate note I asked whom I would speak to or could meet with in order to discuss a CRA agreement with Chase Bank/Bank One. Your reply was that individual who at the time of our conversation you were unable to identify, would be in your Chase Bank, New York office. You stated it would be the following week before you could contact that individual. You also stated you would pass on that information when you contacted him or her. I also asked what your position with the bank was and if you were a CRA official capable of discussing an agreement and you again stated that person is in the New York office.
You didn’t give me your position with the bank and I would appreciate knowing what your title is in the event UAAD may enter into an agreement with Chase Bank as you related that there were other opportunities offered by your bank to assist community organizations such as UAAD, a 501c3 non-profit.
I asked that you review our web site in order for you to understand that Bank One when it purchased Premier Bank, UAAD was invited by Premier to assist in enhancing its CRA programs. Bank One CRA officials also discussed agreements with UAAD, verbally and in writing. After the merger was finalized UAAD filed a complaint with the FDIC and OCC due to the bad faith negotiations on the part of Bank One. (documents are available)
So I say to you, Ms Reynolds that I strongly object that you would accuse UAAD or me of making false accusations regarding Chase Bank being involved in discriminatory practice, but according to Premier and Bank One officials, they clearly stated that their banks were guilty of both red-lining and discriminatory practices. There may come a time when these charges can be brought out for Congress, the courts and the public to review. I personally do not need your web address in order to find the nearest Chase Bank, I’m aware of Chase Banks lending practice to African Americans, in particular, and believe that our CRA proposal will assist in alleviating your bank’s present and past performance.
UAAD’s aim and goals is to assist Chase Bank in providing economic parity to “all” in the community your bank serves. Our proposal entails programs that will allow Chase Bank to enter into an agreement with benefits for the community and “Chase Bank consistent with safe and sound banking practices.
Your immediate reply would be appreciated.
Sincerely,
Walter L. Ellis, CEO UAAD/UEDC
9/21/05

Ms Reynolds,
Thank you for calling me this morning. As you are aware UAAD is seeking to negotiate a CRA agreement with Chase/Bank One. (See our website http://www.uaadcorp.com/) I did speak to Ms. Kim Weaver this past Friday and she stated she would mail me your CRA performance for the past 2 years. As of yet I have not received these statements. Ms. Reynolds you also stated that the Bank does not enter into agreements as UAAD requested. You also asked if UAAD, a 501c3 non profit had investments to participate with the Banks contributions. I advised that we were seeking to negotiate as we had previously with Premier Bank and Bank One, an agreement to assist our members in gaining low interest loans, and those members to include African Americans as I believe the original intent of CRA. Your final statement as I recall was that though your bank (Chase) does not enter into agreements as I explained, you stated "let’s talk about it and there may be a way we can meet your needs and ours". I consider this a positive statement on the banks behalf and ask that you or an official with the authority to receive, accept and negotiate an agreement be provided as soon as possible. We are speaking to members and other organizations especially the Katrina Hurricane victims on a daily basis with expectations that bank assistance is forth coming. With my understanding and information I have passed on to those in need it is important that you or an official with the proper authority can contact me in writing and let me know if and why an agreement can or cannot be negotiated with Chase Bank under the Community Investment Act of 1977 (CRA). Time is of the essence, my family, my members, and many others have suffered and continue to suffer due to past red lining by your bank and others. These same individuals and the victims of Hurricane Katrina need our and your help now and later.
Please reply
12CFR 25.43 Content and availability of public file
(a) Information available to the public. A bank shall maintain a public file that includes the following information:
(b) Additional information available to the public--(1) Banks other than small banks. A bank, except a small bank or a bank that was a small bank during the prior calendar year, shall include in its public file the following information pertaining to the bank and its affiliates, if applicable, for each of the prior two calendar years:
(i) If the bank has elected to have one or more categories of its consumer loans considered under the lending test, for each of these categories, the number and amount of loans:
(A) To low-, moderate-, middle-, and upper-income individuals;
(B) Located in low-, moderate-, middle-, and upper-income census tracts; and
(C) Located inside the bank's assessment area(s) and outside the bank's assessment area(s); and
(ii) The bank's CRA Disclosure Statement. The bank shall place the statement in the public file within three business days of its receipt from the OCC.
(c) Location of public information. A bank shall make available to the public for inspection upon request and at no cost the information required in this section as follows:
(1) At the main office and, if an interstate bank, at one branch office in each state, all information in the public file; and
(2) At each branch:
(i) A copy of the public section of the bank's most recent CRA Performance Evaluation and a list of services provided by the branch; and
(ii) Within five calendar days of the request, all the information in the public file relating to the assessment area in which the branch is located.
(d) Copies. Upon request, a bank shall provide copies, either on paper or in another form acceptable to the person making the request, of the information in its public file. The bank may charge a reasonable fee not to exceed the cost of copying and mailing (if applicable).
(e) Updating. Except as otherwise provided in this section, a bank shall ensure that the information required by this section is current as of April 1 of each year.

Comptroller of the Currency Administrator of National Banks
LARGE BANK

Public Disclosure

June 30, 1999

Community Reinvestment Act Performance Evaluation

Bank One Louisiana, N .A. Charter Number:. 13655

. 4

451 Florida Street Baton Rouge, LA 70801

Office of the Comptroller of the Currency

Large Bank Division
250 E Street, S. W.
Washington D.C. 20219-0001

. I
NOTE: This evaluation is not, and should not be construed as, an assessment of the financial condition of this institution. The rating assigned to this institution does not represent an analysis, conclusion, or opinion of the federal financial supervisory agency concerning the safety and soundness of this financial institution.

Overall CRA Rating
Institution's CRA Rating: This institution is rated Satisfactory.
The following table indicates the performance level of. Bank One, Louisiana, NA (BOLA) with respect to the Lending, Investment, and Service Tests:
Bank One, Louisiana, NA

∑ The Lending Test is weighted more heavily than the Investment and Service tests when arriving at an overall rating.
The major factors that support this rating include:
The bank's volume of lending was good. Overall volumes of lending were good for both home mortgage products and small loans to businesses.

The geographic distribution of lending by income level of geography was adequate. Performance varied by loan product and market ranging from excellent to poor. Small business lending has an overall good geographic distribution.

The distribution of lending by income level of borrower was adequate. The! bank's performance for all home mortgage products was adequate. The bank's
performance in small business lending could not be assessed due to the lack of
information.
∑ The bank offers an adequate level of innovative or flexible lending programs. By offering an array of different products and programs the bank is helping to meet the consumer and commercial credit needs within their communities
In determining the size and capacity of BOLA for CRA evaluation purposes, we specifically considered operating subsidiaries of the bank. None of the bank's operating subsidiaries contributes to or detracts from the CRA performance of the bank.
There are no significant financial barriers limiting BOLA's ability to help meet the identified credit needs of its assessment areas.
There were seven affiliated, non-bank entities that contributed to the bank's CRA performance. Refer to Appendix A for identification of the entities and -the activities they contributed.
Statistical Areas (MSAs), and At present, BOLA's market area consists of aU or parts of eight Metropolitan five assessment areas in non-metropolitan parts of the state. AU of the assessment areas are within the State of. Louisiana. The bank's assessment areas include:

1) Alexandria MSA (added November 1 998)
2) East Baton Rouge Parish within the Baton Rouge MSA 3) Houma MSA
4) The southwestern portion of the Lafayette MSA
5) Lake Charles MSA
6) The northeastern portion of the New Orleans MSA
7) Monroe MSA
8) The western portion of the Shreveport MSA
9) Lincoln, Union, Morehouse, and Claiborne Parishes
1 O)l Iberia and St. Mary Parishes
11) Jefferson Davis Parish
1 2) Natchitoches Parish
13) Tangipahoa Parish
Several of the bank's assessment areas changed during the evaluation period due to the acquisition of First Commerce Corporation and related bank mergers. For purposes of this evaluation, the changes were considered effective November1998.
The changes to the assessment areas included: the addition of the Alexandria MSA; the addition of Ascension Parish to the Baton Rouge assessment area; the addition of St. Landry Parish in the Lafayette assessment area; the addition of St. Charles and St. John the Baptist parishes in the New Orleans assessment area; the addition of two census tracts in Beauregard Parish; the addition of Grant Parish; and the addition of Vermillion Parish to non-metropolitan area
detailed separately in the tables since this area received a full-scope review.

Data Itegrity
The scope of this examination included a review of the accuracy of the bank data analyzed to develop our conclusions and ratings. The data tested for accuracy includes information made available to the public in accordance with the Home Mortgage Disclosure Act (HMDA) and the CRA regulation. Public data includes home mortgage lending and small loans to businesses and farms. We also reviewed the accuracy of non-public data for qualified investments, community development services, and community development loans. The test was performed at the corporate level and included all Bank One affiliated banks reporting data. Therefore the percentages quoted here would be for the entire corporation, and may vary for a particular Bank One subsidiary.
The bank's HMDA data was found to be accurate. No material errors were noted with the home purchase, home improvement, or refinance loans reported by the bank.
Several errors were found in the bank's 1998 small loans to businesses submission. The material errors noted were:
Commercial leases were incorrectly reported as loans. Incorrectly reported leases represented 1.9% of the loan submitted.
Guidance lines of credit were incorrectly reported as loans. Incorrectly reported guidance lines of credit represented 3.8% of the loans submitted.
Revenue data was in error for 17% of our sample.
Management was able to remove the commercial leases from the data provided to the examiners. The data for the entire evaluation period was corrected. The correction of the data for guidance lines of credit did not cover the entire evaluation period. Management removed 149 guidance lines totaling $32 million from the 1998 data, but was unable to identify guidance lines in the 1997 data. We therefore estimate that the small loans to businesses in this report are overstated by 196 loans or 4.2% of the reported number of loans and $40 million or 8.9% of the total reported dollar. Due to the corrections made, the data analyzed as part of this examination will differ from the data publicly reported. The revenue information reported for small loans to businesses was not corrected and we did not analyze the bank's performance in lending to small businesses in this evaluation.
Conclusions with Respect to Performance Tests
LENDING TEST
Conclusions for Areas Receiving Full-Scope Reviews
The bank's Lending Test performance was adequate.
Lending Activity
BOLA's overall volume of lending is good in New Orleans, Lafayette, and Shreveport, and is adequate in Lincoln. In our analysis of home mortgage lending performance more weight was given to performance in home improvement lending as this is a more significant product line in the bank's business strategy.
Refer to Table 1 in Appendix C for the data used in this analysis.
In each of the full-scope assessment areas, BOLA" has the number one deposit market share position.
The volume of home mortgage lending in New Orleans is good. In New Orleans the bank's volume of home improvement and refinancing lending is good as the bank achieved the number two market share ranking for both lending products. The bank's volume of home purchase loans is adequate with a market share rank of sixth.

In Lafayette, the volume of home mortgage lending is good. For home improvement lending the bank's performance is good having achieved the number two market share ranking. For refinance lending, the bank's performance is excellent having achieved the number one market share ranking. The bank's volume of home purchase loans is poor with its market share ranking for home purchase loans substantially below its deposit market share rank.
The volume of home mortgage lending in Shreveport is good. In Shreveport, home improvement, and refinancing lending is good as the bank achieved the number two market share ranking for both lending products. The bank's volume of home
purchase loans is poor with the bank's market share rank for home purchase loans substantially below its deposit market share rank.

In Lincoln, the overall volume of home mortgage lending is adequate with home improvement lending being good as the bank's home improvement market share ranking is close to the bank's deposit market share ranking. The bank's volume of home purchase and refinancing lending is adequate in the Lincoln assessment area.

The volume of small business lending is excellent in Lafayette and Shreveport with the bank achieving the number one market share ranking. In Lincoln, the bank's volume of small business lending is excellent as the bank achieved the number two market share ranking for small loans to businesses. The bank's volume of small loans to businesses is good in New Orleans. This conclusion considers the over reporting of small business loans to businesses as discussed in the Scope section of this evaluation under Data Integrity.

Overall, the bank's volume of community development lending is adequate in Lafayette and poor in Shreveport and New Orleans. There were no community development loans made in the Lincoln assessment area. To help gauge the volume of community development lending in individual assessment areas, the volume of community development loans was calculated as a percentage of Tier 1 capital. This calculation involved allocating Tier 1 capital to each assessment area based on the percentage of the bank's deposits derived from that assessment area. The volume of community development loans represented 2.4% in Lafayette, 0.5% in New Orleans, and 0.4% in Shreveport. Additional details on BOLA’s community development lending are provided later in this evaluation.

Distribution of loans by Income level of Geography
The distribution of loans by income level of geography is adequate. Performance is adequate in New Orleans, poor in Lafayette, and good in Shreveport and Lincoln.
We did not find any conspicuous gaps in the bank's lending patterns for the assessment areas that received full-scope reviews. During the evaluation period, there were no clusters of low- or moderate-income census tracts that were not penetrated by at least one of the bank's home purchase, home improvement, home refinance, or small business loan products.
During our analysis, it was noted several times that the bank's lending performance in low- and moderate-income census tracts, as measured by the percentage distribution of loans, was not consistent when compared to the bank's market share performance in the corresponding areas. The percentage of distribution data was given more weight since it covers a longer time period, as the market share information is for 1998 only. In addition to the different time periods used for these two measures, the market share data may be a reflection of weak performance in low- and moderate-income areas by all financial institutions.
While the distribution of home improvement loans in low-income areas of Shreveport is adequate, the bank's market share penetration is excellent as the market share percentage in low-income areas exceeds the bank's overall market share percentage in the Shreveport assessment area. Overall, geographic distribution of home improvement loans in low-income areas of Shreveport is good. In moderate-income areas of Shreveport the bank's distribution of home improvement loans is good and market share penetration is excellent. The percentage of loans made in moderate-income areas of Shreveport is near the percentage of owner-occupied units for the area. The home improvement market share percentage is excellent in moderate-income areas of Shreveport as the ratio matches the bank's overall market share percentage for home improvement loans in the Shreveport assessment area. Giving more weight to the bank's loan distribution performance the overall geographic distribution of home improvement loans in moderate-income areas of Shreveport is good.

In Lincoln, the geographic distribution and market share penetration of home improvement loans is excellent for moderate-income census tracts. The bank's percentage of home improvement loans made in moderate-income areas exceeds the percentage of owner-occupied housing units, and the market share percentage in moderate-income areas exceeds the bank's overall home improvement market share percentage for the Lincoln assessment area.

Geographic distribution for refinancing loans is poor in New Orleans, adequate in Lafayette and Shreveport, and good in Lincoln;

In New Orleans, the distribution of refinancing loans in low-income areas is poor with percentages of loans made significantly below the percentage of owner ­occupied housing units. The bank's market share percentage is adequate and is close to the bank's overall market share position for refinancing loans. With more weight on the bank.' s loan distribution performance, the overall geographic distribution of refinancing loans in low-income areas of New Orleans is poor. In moderate-income areas of New Orleans the distribution of refinancing loans is also poor, while the market share penetration is adequate with the market share percentage being close to the bank's overall market share percentage for refinancing loans in New Orleans. With more weight being given to the bank's distribution of loans, the overall conclusion in regards to the bank's geographic distribution of refinancing loans in moderate-income areas of New Orleans is poor.

In Lafayette the geographic penetration of refinancing loans in low-income areas is adequate, however the market share analysis reflects excellent performance with the market share percentage in low-income areas significantly exceeding the bank's overall market share percentage for the Lafayette assessment area. Overall, the bank's geographic distribution of refinancing loans to low-income areas in Lafayette is good. The distribution of refinancing loans and market share penetration in moderate-income areas in Lafayette is poor. The percentages of bank loans made and market share are significantly below the percentage of owner-occupied housing units and the bank's overall market share position for refinancing loans in moderate­income areas of Lafayette. With more weight given to the bank's loan distribution performance and with more owner-occupied housing units located in the moderate­ income areas the bank's overall performance in regards to distribution of refinancing loans to low- and moderate-income areas of Lafayette is adequate.

In Shreveport, geographic distribution of refinancing loans in low-income areas is poor. The percentage of loans made is significantly below the percentage of owner-occupied housing units for refinancing loans in Shreveport. The bank's market share percentage for refinancing loans in low-income areas of Shreveport is also poor because the bank's market share of refinancing loans in low-income areas is less than the bank's overall market share for refinancing loans. In moderate­ income areas of Shreveport, the distribution of refinancing loans is adequate while the market share penetration is excellent with the market share percentage in moderate-income areas significantly exceeding the overall market share percentage for the Shreveport assessment area. The overall conclusion in regards to the bank's geographic distribution of refinancing loans in moderate-income areas in Shreveport is good. Combined, the bank's overall performance for geographic distribution of refinancing loans to low- and moderate-income areas in Shreveport is adequate.

While the geographic distribution of refinancing loans in the Lincoln moderate ­income census tracts is adequate, the market share penetration is excellent as the percentage substantially matches the overall market share percentage in the Lincoln assessment area. The overall geographic distribution of refinancing loans in Lincoln is good.

Small Business Loans
Refer to Table 5 in Appendix C for the data used in this analysis.

The geographic distribution of small loans to businesses is excellent in Shreveport, good in New Orleans, adequate in Lincoln, and poor in Lafayette.
The percentage of the bank's loans exceeded the percentages of small businesses located in both low- and moderate-income areas in Shreveport. In addition, market share penetration in low-income areas is good with the percentage being near to the bank's overall small loans to business market share in the Shreveport assessment area. The bank's small loans to businesses market share position are excellent in the Shreveport moderate-income areas with the percentage exceeding the percentage of the bank's overall small loans to business market share.

The bank's loan distribution in both low- and moderate-income areas of New Orleans is good for small loans to businesses. In New Orleans the percentage of the bank's loans were near the percentage of small businesses in both low- and moderate-income areas. In low-income areas, the bank's market share percentage exceeded the bank's overall small loans to business market. The bank's market share percentage in moderate-income areas matched the bank's overall market share percentage for small loans to businesses. With more weight given to the bank's loan distribution performance, the overall geographic distribution of small loans to businesses in both low- and moderate-income areas of New Orleans is good.

The bank's percentage of small loans to businesses and market share position is adequate with percentages being close to the percentage of small businesses and the bank's overall market share position in Lincoln.

The bank's geographic distribution in both low- and moderate-income areas of Lafayette is poor for small loans to businesses. The bank's percentage of loans made in both low- and moderate-income areas is significantly below the percentage of small businesses in the Lafayette assessment area. While the market share percentage in low-income areas in Lafayette is adequate, the market share percentage in moderate-income areas is poor in relation to the bank's overall market share percentage. With more weight given to the bank is distribution of loans, the bank's overall performance on the geographic distribution of small loans to businesses. in Lafayette is poor.

Distribution of Loans by Income level of the Borrower
The distribution of loans by borrower income level is good in New Orleans and Shreveport and adequate in Lafayette, and Lincoln.
During our analysis it was noted several times that the bank's lending performance, as measured by percentage of loans to low- and moderate-income borrowers, was not consistent when compared to the bank's corresponding market share .performance. This inconsistency is probably caused by the fact that market share data is for just one year. The borrower distribution performance data was given more weight since it covers a longer time period.
The market share ratio of refinancing loans to moderate-income borrowers in New Orleans is good with the ratio being near to the bank's overall market share ratio for refinancing loans in the assessment area. In Shreveport the market share position for refinancing loans to moderate-income borrowers just exceeds the bank's overall market share and is considered excellent. Market share position for refinancing loans to moderate-income borrowers is adequate in Lafayette and poor in Lincoln. With more weight given to the bank's loan distribution performance, the overall conclusion is that the borrower distribution of refinancing loans to moderate ­income people is adequate in New Orleans, and poor in Lafayette and Lincoln. Overall borrower distribution of refinancing loans to moderate-income borrowers in Shreveport is good.

Small Business Loans
No conclusion was developed for this aspect of the bank's lending performance. This situation is the result of the data integrity issue noted earlier, and the fact that revenue information was not available for 9% of the bank's reported small loans to businesses. We did note that a high percentage of the bank's small business loans were in amounts of $100,000 or less. However, loan size is not considered a reliable indicator of the extent that the bank's small loans to businesses were made to small businesses.

Community Development Lending
As noted above considering volume, innovativeness and complexity community development lending is adequate.
The volume of community development loans is adequate in the Lafayette assessment area and poor in Shreveport and New Orleans. There were no community development loans made in the Lincoln assessment area.
The volume of community development loans in the New Orleans assessment area is poor. Community development loans represent 0.5% of Tier 1 capital allocated to this assessment area. The bank made two community development loans during the evaluation period. One was for the retention of affordable housing and rehabilitated 81 affordable rental housing units. The second loan was part of a larger project to revitalize a blighted neighborhood.
In the Lafayette assessment area community development loans represent 2.4% of Tier 1 capital. Two loans were made, and both loans were for the creation of affordable housing. The loans created 40 new affordable rental units.

Comptroller of the Currency Administrator of National Banks
Washington. DC 20219
Public Disclosure
March 31,2004

Community Reinvestment Act Performance Evaluation
Bank One, N.A., Illinois Charter Number: 8
One Bank One Plaza Chicago, Illinois 60670
Office of the Qomptroller of the Currency Large Bank Supervision 250 E Street S. W. Washington, D.C. 20219

NOTE: This document is an evaluation of this institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operation of the institution. This evaluation is not, and should not be construed as, an assessment of the financial condition of this institution. The rating assigned to this institution does not represent an analysis, conclusion, or opinion of the federal financial supervisory agency concerning the safety and soundness of this financial institution.

State of Louisiana Rating
CRA Rating for the State: Satisfactory
The Lending Test is rated: High Satisfactory
The Investment Test is rated: Outstanding
The Service Test is rated: Low Satisfactory
The major factors that support this rating include:
Good performance in LMI geographies and lending volume offset excellent performance to LMI borrowers and adequate community development lending.
Excellent responsiveness to the investment needs of the state based on the large volume of qualifying investments made during the evaluation period as well as prior periods.
Adequate access to bank branches and good level of community development services along with an adequate record of branch openings and closings.

Description of Institution's Operations in the State of Louisiana
The BONAI operates in eight MAs and eight non-metropolitan AAs. As of June 30, 2003, the bank had $9.1 billion of deposits in Louisiana, which represents 6.8% of the bank's total deposits. The bank operates 182 branches and 233 deposit-taking ATMs throughout the state. We selected the New Orleans MA for a full-scope review because it holds 38% of the bank's deposits within the state. The next largest MA is Baton Rouge with 27% of the bank's deposits in the state. Baton Rouge and the remaining MAs and combined non-metropolitan AAs were analyzed using limited-scope procedures.

Refer to the market profile for the New Orleans, LA MA in Appendix C for performance context information.

LENDING TEST
Lending performance in the New Orleans MA is good. Performance in the limited­scope areas did not impact the state's overall Lending Test rating.

Conclusions for Areas Receiving Full-Scope Reviews
Lending Activity - Lending activity in the New Orleans MA is good. The volume of refinance, home improvement, and small business lending is good. However, home purchase lending is adequate.
State of Louisiana
New Orleans PMA
The BONAI AA consists of the entire New Orleans MSA including Jefferson,
Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist,
and St. Tammany Parishes. The bank ranks second in the New Orleans geography with a deposit share of 18.93% on $3.5 billion as of June 30, 2003. Hibernia National Bank ranks first at 27.16% and Whitney National Bank ranks third at 17.33%. There are 39 FDIC insured institutions in the MA, but the market is fairly concentrated in the top 3.
The systemic problems of poverty and education, which are dominant throughout
the state, are most prevalent in New Orleans. In the Orleans Parish, nearly 28
percent of the population live in poverty, severely limiting lending opportunities.
The educational system has been a major factor in the state’s inability to attract
new and high-paying jobs. The median family income is $45,774 and 17.37% of
households are living below the poverty level.
The well-developed port, pipeline, and rail infrastructure, including strategic port
facilities for domestic and international trade are an area strength as is the strong
performance in leisure and convention-related tourism. A weakened dollar renders imports more expensive and hence weakens cargo growth and impinges job growth at the Port of New Orleans. The household bankruptcy rate remains higher than the national average, but has been flat of late. Boding well for future employment is the downward trend in business bankruptcies.
There is a significant shortage of affordable single-family housing units available in LMI tracts. The ‘water-locked’ limitations, aging housing stock, and the level of
deteriorated and abandoned properties compounds the shortfall. The housing
department estimates there are over 20,000 blighted and abandoned properties in Orleans Parish. The city is using the adjudication process to take back these
properties and donate them to non-profit organizations for rehabilitation into
affordable housing stock. This process is lengthy, taking from 18 to 36 months
per house to complete. Many of the houses in their current condition would not
meet the standards for any type of FHA, VA, or conventional loan program.
The need for public housing is great. Four public housing properties in New
Orleans have been deemed non-viable by federal standards. Since 2000, the
Louisiana Housing Finance Agency awarded 14 tax credit projects in the New
Orleans MSA.

State of Texas Rating
CRA Rating for the State: Outstanding
The Lending Test is rated: Outstanding
The Investment Test is rated: Outstanding
The Service Test is rated: Low Satisfactory

The major factors that support this rating include:
. Excellent community development lending, performance in LMI geographies, and performance to borrowers of different income levels improve good lending levels.
. Excellent responsiveness to the investment needs of the state based on the
volume of qualifying investments made during the evaluation period.
. Adequate access to deposit services supported by good level of community
development services and an adequate record of branch openings and
closings.

Description of Institution's Operations in the State of Texas
The BONAI operates in 16 MAs and four non-metropolitan AAs. As of June 30, 2003, the bank had $19.6 billion of deposits in Texas, which represents 14.7% of the bank's total deposits. The bank operates 234 branches and over 260 deposit­taking A TMs throughout the state. We selected the Dallas MA for a full-scope review because 39% of the bank's deposits within the state are concentrated in the Dallas MA. The next largest MA is Houston, which holds 22% of the bank's deposits in the state. Houston and the remaining MAs and combined non­metropolitan AAs were analyzed using limited-scope procedures.
Refer to the market profile for the Dallas, TX MA in Appendix C for performance context information.

LENDING TEST
Lending performance in the Dallas MA is excellent. Performance in the limited­scope areas did not impact the state's overall Lending Test rating.
Conclusions for Areas Receiving Full-Scope Reviews
Lending Activity - Lending activity in the Dallas MA is good. We noted an excellent volume of home improvement loans. The volume of refinance and small business lending is good. However, home purchase lending is poor.

State of Oklahoma Rating
CRA Rating for the State: Outstanding
The Lending Test is rated: Outstanding
The Investment Test is rated: Outstanding
The Service Test is rated: Low Satisfactory

The major factors that supportthis rating include:
. Excellent level of community development lending and performance to borrowers of different income levels strengthens a good level of lending activity and performance to geographies of different income levels.
. Excellent responsiveness to the investment needs of the state based on the
volume of qualifying investments made during the evaluation period.
. Adequate access to bank branches and level of community .development
services.

Description of Institution's Operations in the State of Oklahoma
BONAI has delineated two AAs in the state. As of June 30, 2003, the bank had $2.2 billion of deposits in Oklahoma, which represents 1.6% of the bank's total deposits. The bank operates 35 branches and 53 A TMs in the two AAs. We selected the Oklahoma City MA for a full-scope review because 70% of the bank's deposits within the state are concentrated in the Oklahoma City MA. The Tulsa MA was analyzed using limited-scope procedures.

Refer to the market profile for the Oklahoma City, OK MA in Appendix C for performance context information.

LENDING TEST
Lending performance in the Oklahoma City MA is excellent. Performance in the limited-scope area did not impact the state's overall Lending Test rating.

Conclusions for Areas Receiving Full-Scope Reviews
Lending Activity - Lending activity in the Oklahoma City MA is good. The volume of home improvement, refinance, and small business lending is good. However, home purchase lending was adequate.
Distribution of Loans by Income Level of the Geography - The distribution of loans. within geographies of different income levels is good. Home improvement lending in LMI geographies is excellent. Refinance and small business lending performance

State of Illinois Rating
CRA Rating for the State: Outstanding
The Lending Test is rated: Outstanding
The Investment Test is rated: Outstanding
The Service Test is rated: Low Satisfactory

The major factors that support this rating include:
. Excellent level of community development lending, performance in LMI geographies, and performance to LMI borrowers strengthen good lending activity.
. Excellent responsiveness to the state's investment needs based on the large
volume of qualifying investments made during the evaluation period.
. Adequate access to bank branches and level of community development
services.

Description of Institution's Operations in the State of Illinois
The BONAI has delineated seven AAs within the state. As of June 30, 2003, the bank had $44.8 billion of deposits in Illinois, which represents 34% of the bank's total deposits. The bank is one of the largest in Illinois, operating 254 branches and over 1000 deposit-taking A TMs throughout the state. We selected the Chicago PMA for a full-scope review because 94% of the bank's deposits within the state are concentrated there. The remaining six MAs were analyzed using limited-scope procedures.
Refer to the market profile for the Chicago PMA in Appendix Cfor performance context information.

LENDING TEST
Lending performance in the Chicago PMA is excellent. Performance in the limited­scope areas did not impact the state's overall Lending Test rating.
Conclusions for Areas Receiving Full-Scope Reviews

Lending Activity - Lending activity in the Chicago PMA is good. We noted a good volume of home improvement, refinance and small business loans, but home purchase lending is adequate.

Distribution of Loans by Income Level of the Geography - The distribution of loans to geographies of different income levels is excellent. We noted an excellent distribution of home purchase, home improvement and refinance lending.

Sunday, November 13, 2005

Chase Bank’s Practice of “Affirmative Action”

According to Chase Bank’s CRA activities report, they have “$800 billion” dollars for contributions to improve the conditions of low, moderate income individuals in order to conform to the conditions of The Community Re-Investment Act of 1977 “CRA”. According to Chase they have spent $69 billion since April 2004. UAAD ask that Chase negotiate and spend the remaining bulk to assist African Americans. This regulation was enacted by Congress to address the discriminating, red-lining, and other unfair banking practices of our nation’s banks. When these funds are expended in good faith for purposes there were meant, it will allow the building in the disaster areas to include areas as the ninth ward in New Orleans, and other blighted areas throughout the communities Chase Bank serves or should serve. See: www.uaadcorp.com,
www.uedcrabank.blogspot.com, www.uaadcra.blogspot.com, www.uaadcrahbuc.blogsport.com

Saturday, October 15, 2005

HOW BLACKS and OTHER MINORITIES CAN REACH ECONOMIC PARITY UTILIZING “CRA’

My first knowledge of the COMMUNITY RE-INVESTMENT ACT of 1977 CRA, occurred in 1982. During that period Church Leaders and Community Leaders began a protest regarding the discriminatory practices of banks in Atlanta Georgia. An effort was made for African Americans to withdraw funds from the predominantly White Banks, and deposit in Black owned banks. The Churches along with Community Organizations began asking all African Americans to deposit their monies in Black owned banks.
Realizing the effect this move would cause the White owned banks, a proposal was presented to these Community Leaders, now making them aware of the CRA and its purpose and benefits to the Minority Community. This protest ended when the Bankers promised and began to make low interest loans to the low, moderate income, and began a process to include African Americans. Banks up to this period was fulfilling their CRA obligations according to the Act by making loans to White females, the Girl Scouts and other individuals and organizations who were predominantly White. Once the Atlanta protest was squashed by the Bankers in Atlanta and few Community Organizations knowing or realizing the protections afforded minorities under the CRA Act, bankers went back to business as usual. Later in the early nineties a few Community Organizations entered into agreements with banks, some with little, most with no success. Most agreements entered into did not address the needs of African Americans and other minorities, who are most in need of this legislation and its intent. One example was an agreement Bank of America entered into with a group in the Bay area of California, where approximately 5 billion dollars was committed to several community projects in the city of San Francisco, California. Oakland the most poverty ridden city in California, received no committed funds.

As stated by Hugh B. Price then President of the National Urban League, “most people who live outside of Washington DC have probably never heard of the Community Reinvestment Act. Yet though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. He went on to say “Congress passed the Community reinvestment Act in 1977 in response to clear evidence of the noxious effects of “redlining” – the systematic refusal of lenders to provide loans to businesses, homeowners and prospective home buyers in particular neighborhoods, especially those which were predominantly Black or Hispanic.”

Enter supporting content here