SOME POINTS ABOUT THE CIRCUMSTANCES IN WHICH THE BANK WITHDRAWAL WORK IS BEING DONE

by Committee to Oppose Bank Loans to South Africa
New York, New York, United States
Undated, 1977 or 1978?
1 page
Type: Leaflet
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
The leaflet says the bank industry is highly concentrated; of approximately 14,000 U.S. banks , international lending is dominated by 21, sometimes only eight banks. Banks are both racist and sexist in their hiring. The document discusses commercial banks, non-union, banks’ disinterest in investing in the U.S. to help solve domestic problems, redlining, loans or mortgages to homeowners, whites, minorities, small businesses, churches, and community organizations. [Note on date: the American Committee on Africa (ACOA) and the Committee to Oppose Bank Loans to South Africa (COBLSA) moved from 305 East 46 Street in early 1979.]

Used by permission of former staff and members of Campaign to Oppose Bank Loans to South Africa.
Collection: Miloanne Hecathorn papers