Report issued as part of a campaign against bank loans to South Africa, with a reply form. The report says the Methodist Board of Missions plans to withdraw $10 million if First National City Bank renews its share of the $40 million consortium loan to the South African government. • Background: April, 1965 - September, 1967. Several years ago, student groups in the New York area from Union Theological Seminary and the national Students for A Democratic Society began to focus on U.S. banks' involvement in South Africa. Demonstrations were staged at key bank branches, and groups and individuals were urged to withdraw their accounts from these banks. In the summer/fall of 1966, these initial...
Report issued as part of a campaign against bank loans to South Africa, with a reply form. The report says the Methodist Board of Missions plans to withdraw $10 million if First National City Bank renews its share of the $40 million consortium loan to the South African government. • Background: April, 1965 - September, 1967. Several years ago, student groups in the New York area from Union Theological Seminary and the national Students for A Democratic Society began to focus on U.S. banks' involvement in South Africa. Demonstrations were staged at key bank branches, and groups and individuals were urged to withdraw their accounts from these banks. In the summer/fall of 1966, these initial activities were consolidated into the Committee of Conscience Against Apartheid, a joint effort of the University Christian Movement and American Committee on Africa. The focus was particularly on Chase Manhattan Bank and First National City Bank. •Timing • Withdrawals and present action • Where do we go from here? • Now is the time to put pressure on the banks! • List of Alternative Banking Facilities
