by American Committee on Africa
New York, New York, United States
March 15, 1978
Committee to Oppose Bank Loans to South Africa
The newsletter is divided into three sections: I. From the Banks. II. General Anti-Bank Loans Campaigns and Related Actions III. News from Banks Campaign Activists. The newsletter mentions the following banks: Bayerische Vereinsbanks of Germany, Barclays Bank of Britain, Northwestern National Bank of Minneapolis, First National Bank and Continental Bank of Chicago, First Wisconsin National Bank, Chemical Bank. The newsletter says in February Harvard University sold $600,000 worth of shares in Citicorp and Manufacturers Hanover Trust; a few weeks before the Southern Africa Solidarity Committee obtained 3000 signatures for a petition asking Harvard to sell all stocks and bonds in banks lending to South Africa. The newsletter says the residents of Davis, California passed a non-binding referendum calling for the removal of municipal funds from banks doing business with South Africa. In January the NAACP called for total withdrawal of U.S. business from South Africa and specifically called on individuals and organizations to withdraw funds from banks lending to South Africa. The newsletter mentions two groups in Pittsburgh, the Western Pennsylvania Coalition for Corporate Responsibility at Carlton College and the Thomas Merton Center.
This item was digitized for Aluka, which made it available to the African Activist Archive.
Used by permission of Africa Action (successor to the American Committee on Africa).
Collection: Africa Action Archive