RE: California State Chartered Banks

MEMO TO: Stop Banking on Apartheid Activists
by John C. Harrington
Sacramento, California, United States
August 16, 1978
13 pages
Type: Memorandum
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English

The memorandum lists California state-chartered banks that have voluntarily disclosed foreign loans to government agencies, businesses and individuals. Only South African loans are listed, but all these banks have had extensive foreign financial involvement. Of the 170 state-chartered banks surveyed, 21 reported foreign loans, totaling $2,326,130,000. Of this total, South Africa, in all categories of loans, received $44,561,000 from these banks. The memorandum includes a table, “LOANS TO FOREIGN BUSINESSES AND INDIVIDUALS TOTAL DOLLAR AMOUNTS OF LOANS BY COUNTRIES.” Data included about The Chartered Bank of London, French Bank of California, The Sumitomo Bank of California, Union Bank, United California Bank, American Asian Bank, Bank of Canton of California, Bank of Montreal (California), California Canadian Bank, California First Bank, California Overseas Bank, The Chartered Bank of London, French Bank of California, Golden State Sanwa Bank, The Hongkong Bank of California, Japan Bank of California, Lloyds Bank of California, The Mitsubishi Bank of California, The Mitsui Bank of California, Philippine Bank of California, San Diego Trust & Savings Bank (San Diego Trust and Savings Bank), The Sumitomo Bank of California, Tokai Bank of California, Toronto Dominion Bank of California, Union Bank, and United California Bank. List of people the memo was sent to includes Tina Simcich, Charles Diggs, LSM (Liberation Support Movement), Banking on Apartheid, Miloanne Hecathorne, Tim Smith, Chris Walker, Chris Grey, ICCR (Interfaith Center on Corporate Responsibility) Todd Davis, NC-ICCR (Northern California ICCR), Stanley Sheinbaum, John George, Barry Silverman, and Mervyn Dymally.

Used by permission of John C. Harrington.
Collection: John Harrington’s South Africa Papers, Michigan State University Libraries Special Collections