NOVEMBER 17: MASSIVE PROTEST AGAINST BANK OF AMERICA'S LOANS TO SOUTH AFRICA
by Stop Banking on Apartheid
San Francisco, California, United States
November 17, 1978
The press release says in the name of $TOP BANKING ON APARTHEID, over 1,900 people distributed a quarter of a million leaflets in 111 cities and towns at approximately 400 branches of Bank of America throughout California. People have been outraged by the Bank’s intentions to continue providing capital that bolsters South Africa's repressive capacities. The leaflets informed the Bank's customers of its loans to South Africa and urged them to withdraw their money until the loans cease. San Francisco leafleters assembled at the 16th and Mission branch; they heard music, participate in street theater illustrating the ties between Bank of America and the South African regime, and learned about connections between loans and the South African military build-up from two South African war resisters, Mike Morgan and Don Morton. $TOP BANKING ON APARTHEID coordinator, Miloanne Hecathorn, and the National Committee to Oppose Bank Loans to South Africa coordinator, Prexy Nesbitt, also spoke. A press conference was held in Los Angeles with Tom Hayden (C.E.D.), Reverend J.M. Lawson (Horman United Methodist Church), Luisa Gratz (ILWU), and Vincent Perkins (Southern Africa Support Committee). Other leafleters gathered in Berkeley, Chico, Santa Monica, Los Angeles, Pasadena, San Diego and at UCLA. The Bank of America was chosen because it has over $200 million in loans to South Africa. In 1977, its loans accounted for 10% of all loans to South Africa from the U.S. The Bank of America is the largest bank in the world, so a firm anti-apartheid policy would have universal repercussions. The press release mentions the American Friends Service Committee (AFSC), the California Information and Housing Network, Office and Professional Employees Union Local 29, and Campuses United Against Apartheid.
Used by permission of former members of Stop Banking on Apartheid.
Collection: Miloanne Hecathorn papers