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American Agenda (Economy: Credit For Blacks) #141860

ABC Evening News for Thursday, Jun 18, 1992
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(Studio: Peter Jennings) Federal Reserve figures on the rejection of blacks' mortgage applications noted.

(Chicago: Bob Jamieson) Role of the South Shore Bank in rehabilitating Chicago's south shore neighborhood featured; scenes shown of the black community, which has been turned around by the infusion of private capital. [Resident Keith BANKS - recalls the neighborhood conditions 20 years ago.] [Bank chairman Milton DAVIS, Shorebank Corp. president Ron GRYZWINSKI, building developer George FRAZIER, bank's Mary HOUGHTON - talk about the relationship between the bank and the community.] Success of this bank with a social agenda and its lessons for banks in other cities reviewed. [University of Chicago Richard TAUB - says banks have an aversion to minority areas.]

Reporter(s):
Jamieson, Bob;
Jennings, Peter
Duration:
00:05:00

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