BANKING ON APARTHEID

CIC Brief
by Interfaith Center on Corporate Responsibility
New York, New York, United States
October 1976
4 pages
Type: Pamphlet
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
The pamphlet includes material on the Subcommittee on African Affairs of the Committee on Foreign Relations of the U.S. Senate hearings on September 23 including an excerpt of an opening statement by Senator Dick Clark and excerpts of testimony by George J. Votja, Executive Vice President of Citibank, in charge of the International Banking Group; and Timothy H. Smith, Director, Interfaith Center on Corporate Responsibility. The pamphlet discusses First National City Bank (Citibank), Manufacturers Hanover Trust, Morgan Guaranty Trust, Barclays International Limited, ESCOM (Electricity Supply Commission), Standard Bank, First Pennsylvania Bank, the European-American Banking Corporation (EABC), Bank of America, Central National Bank, Chase Manhattan Bank, City National Bank of Detroit, First Israel Bank and Trust, First National Bank of Louisville, Maryland National Bank, Merchants National Bank and Trust Co., Morgan Guaranty Bank, Republic National Bank of Dallas, United Virginia Bank, Wachovia Bank and Trust, Wells Fargo Bank (N.A.), the Koeberg nuclear plant, the Richards Bay Project, Kennecott Copper Corporation, the Industrial Development Corporation (IDC), the Xhosa Development Corporation, the Transkei bantustan, Hill Samuel of London, the Nuclear Non-Proliferation Treaty, the Frankfort Documents, Volkskas, Trust Bank, and Nedbank. Contents: The Role of U.S. Banks - A Brief History • New Loans • ITEM I Banks Known to Have Loaned Monies to the South African Government and/or its Corporations • Implications • Arguments Used by the Banks • Conclusion • ITEM II What You Can Do: Action Suggestions for Individuals and Organizations • ITEM III Excerpts from Congressional Hearings on Bank Loans to South Africa, September 23, 1976
Used by permission of the Interfaith Center on Corporate Responsibility.
Collection: Carol B. Thompson and Bud Day Papers on Southern Africa, Michigan State University Libraries Special Collections