The Frankfurt Documents: Secret Bank Loans to the South African Government
by Corporate Information Center
New York, New York, United States
The "Frankfurt Documents" are confidential internal documents originating from sources in the European American Banking Corporation, a U.S.-based multinational banking firm. These materials reveal that a group of 40 banks from the United States, Europe, and Canada have been jointly involved in direct loans totaling over $210 million to the South African government and its agencies since late 1970. Two of the six loans, representing $70 million of the total, include 11 American banks. Contents: EABC's Role • ISCOR • METKOR • ESCOM • Political Implications • Strategic Implications • No Confidence • Item I: A Brief History of the Bank Campaign 1966-69 • Item II: Action Suggestions for Organizations and Individuals • U.S. Banks Participating in Secret Loans
Used by permission of the Interfaith Center on Corporate Responsibility (successor to the Corporate Information Center).