[Dear friend, Banks granting loans to South Africa have been targeted for a withdrawal campaign by labor, church, civic and community organizations throughout the world.]

by Stop Banking on Apartheid
San Francisco, California, United States
October 20, 1978
4 pages
Type: Mailing
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Mailing including a cover letter and a leaflet JOIN US NOVEMBER 17!!! The mailing says Dear Friend, Banks granting loans to South Africa have been targeted for a withdrawal campaign by labor, church, civic and community organizations throughout the world; 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 mailing says $top Banking on Apartheid is the California based participant in this movement to halt all loans to South Africa. While the Bank of America is by far the largest lender to South Africa, $BOA recognizes the role played by other major California banks in support of apartheid. The mailing says their local discrimination is being publicized: redlining activities, deficient 'affirmative action' practices, denial of their employees' right to unionize, and their use of public and private pension funds to support corporations operating in South Africa. The mailing says $BOA is recommending banking institutions which have a good record of serving the needs of the communities they operate within. The mailing says on Friday, November 17, we plan to leaflet at least 500 branches of Bank of America; we're letting the Bank's customers know about Bank of America's policy of making loans to South Africa and are asking them to withdraw their money until it ceases making these loans; last June 16, we organized a smaller day of protest, in concert with world-wide actions, that hit 66 Bank of America branches in over 20 cities statewide. The mailing says the Bay Area Southern Africa Coalition is sponsoring a major rally the following Sunday, November 19, in San Francisco; we'll assemble at 11 am, Golden Gate Pan Handle (Baker and Fell) and march to the Civic Center for the program, which begins at 1 pm; the Main Speakers will be Ben Gurirab, SWAPO (South West African People's Organization) U.N. Mission Representative, and Judge William Booth, President of the American Committee on Africa. The mailing discusses Bank of America, French Bank, Crocker National, Sumitomo, Security Pacific, Union, United California, Wells Fargo, Chartered Bank of London, U.S. corporations, apartheid, police and military repression, credit unions, savings and loans, and the American Committee on Africa (ACOA).
Used by permission of former members of Stop Banking on Apartheid.
Collection: Miloanne Hecathorn papers