ATTENTION BANK CUSTOMERS: Did you know…? BANK OF AMERICA LOANS MONEY (yours?) TO SOUTH AFRICA

by Stop Banking on Apartheid
San Francisco, California, United States
Undated, about early November 1978
2 pages
Type: Leaflet
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Leaflet issued as part of a campaign to urge people and organizations to withdraw their money from Bank of America because of the bank's loans to South Africa. The leaflet says Bank of America has made over $200 million in loans to government and business in South Africa. U.S. banks have lent South Africa over $3 billion, mostly to the government and its state-owned industries. Almost every major non-white organization in South Africa has called for an end to-foreign loans and investments until majority rule. The leaflet names these other banks that lend to South Africa: Crocker, Security Pacific, United California, Wells Fargo, French Bank, Sumitomo, Union, and Chartered Bank of London. The leaflet asks people to move their money from Bank of America and explain to the manager that they oppose the bank’s loans to South Africa and to encourage organizations they work with to do the same. The leaflet quotes from South African President Vorster. The leaflet discusses apartheid, the Organization of African Unity (OAU), the World Council of Churches, the NAACP, AFL-CIO, National Council of Churches, UN General Assembly, and Tom Clausen. • WHAT DO THE MAJORITY OF SOUTH AFRICAN WANT? • A SUGGESTION ON WHAT TO DO • THE POSITIVE EFFECT OF MOVING YOUR MONEY • ALTERNATIVE PLACES TO PUT YOUR MONEY [This leaflet was handed out at pickets and demonstrations at branches of Bank of America on November 17, 1978.]
Used by permission of former members of Stop Banking on Apartheid.
Collection: Carol B. Thompson and Bud Day Papers on Southern Africa, Michigan State University Libraries Special Collections