by Stop Banking on Apartheid
San Francisco, California, United States
June 1978
3 pages
Type: Policy Document
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Document issued as part of a campaign against bank loans to South Africa. The document says banks granting loans to South Africa have been targeted for a withdrawal campaign by church, labor, civic and community organizations throughout the U.S. and Canada; the goal is to end loans to South Africa and to get banks to make public an explicit commitment that they will not make such loans in the future. The strategy is to persuade organizations, families and individuals to withdraw their money and place it in more socially accountable financial institutions responsive to the needs of our communities. The document mentions some of the church, community and labor organizations involved in the bank campaign including American Friends Service Committee, Clergy and Laity Concerned, National Council of Churches, New York Conference of United Methodist Churches, United Church of Christ, World Council of Churches, American Committee on Africa, NAACP, Oxfam (Canada), Pan African Students Organization, Washington Office on Africa, YWCA (Western Region), Women's International League for Peace and Freedom, AFL-CIO, Amalgamated Meat Cutters and Butcher Workers of North America, Canadian Union of Public Employees, Distributive Workers of America, the Furriers Joint Council of New York, International Longshoremen and Warehousemen, National Union of Hospital and Health Care Employees, Office and Professional Employees International Union, United Auto Workers, United Electrical Workers, United Steel Workers, and United Radio, Electrical and Machine Workers. The document discusses Bank of America, Crocker National, Security Pacific, United California, Well Fargo, French Bank, Sumitomo, Charter Bank of London, and the Stop Banking on Apartheid Slide/Tape Show. • WHY FOCUS ON SOUTH AFRICA? • ARE BANKS NEGLECTING DOMESTIC NEEDS? • NATIONAL CAMPAIGN • CALIFORNIA CAMPAIGN • Major California banks making loans to South Africa • Recommended alternatives (which don't lend to South Africa and have reasonable community records)
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