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Discrimination in lending

Description: Hope Kelly reports on a legislative hearing in Boston on alleged redlining practices by Boston banks. Kelly reports that the Federal Reserve Bank released a study finding evidence of redlining practices. Kelly notes that the banking industry reacted strongly to the accusations. Kelly's report includes footage from the legislative hearings. Barney Frank (US Congressman) and Benjamin Hooks (Executive Director, NAACP) condemn redlining practices. Richard Pollard (Chairman, Massachusetts Banking Association) and Richard Syron (President, Federal Reserve Bank) say that they do not believe that the banks are engaged in redlining. Kelly reviews the findings of the study. She adds that the study does not conclude if the findings reflect redlining or discrimination on the part of lenders. Kelly quotes Ray Flynn (Mayor of Boston), Michael Dukakis (Governor of Massachusetts), and Joseph Kennedy (US Congressman) as saying the redlining practices cannot be tolerated. Kelly interviews Pollard. Pollard says that banks are not engaged in redlining. He adds that banks need to better serve the needs of minority communities. Kelly notes that the legislative hearing addressed solutions to the problem of redlining, but did not talk about the problem of racism. This tape includes additional footage of the legislative hearing, with various speakers both in agreement and disagreement with the study.
1:00:05: Visual: Footage of Barney Frank (US Congressman) at a congressional hearing in Boston. Franks says that people of color are being denied their rights because of their skin color. Hope Kelly reports that Frank and other officials said that there is irrefutable evidence showing that Boston banks are engaged in discriminatory lending practices. V: Footage of Benjamin Hooks (Executive Director, NAACP) saying that banks across the nation are engaged in discriminatory lending practices. Kelly reports that the banking industry reacted strongly to the comments. V: Footage of Richard Pollard (Chairman, Massachusetts Banking Association) saying that he does not think that Hooks read the study. Kelly reports that the Federal Reserve Bank issued a study on August 31, 1988. Kelly quotes the study as finding that "the number of mortgage loans. . .is 24% lower in black neighborhoods than in white, even after taking into account economic and other non-racial neighborhood characteristics that might contribute to such disparities." V: Shot of Hooks, Michael Dukakis (Governor of Massachusetts), Richard Syron (President, Federal Reserve Bank), and Ray Flynn (Mayor of Boston) at the congressional hearing. Shot of Syron speaking. On-screen text and visuals detail the study findings. Kelly notes that the study does not conclude whether the findings reflect redlining or discrimination on the part of lenders. V: Footage of Syron speaking at the hearing. Syron says that he does not believe that Boston banks are engaged in redlining or discriminatory practices. Footage of Hooks saying that the African American community often knows through experience what the white community must find out through studies. Kelly reports that city and state officials were sympathetic to Hooks's viewpoint. Kelly quotes Flynn as saying that the findings are disturbing; that discriminatory practices cannot be tolerated. Kelly quotes Joseph Kennedy (US Congressman) as saying that "there is a serious problem of racially discriminatory lending in this city." Kelly quotes Dukakis as saying that "racial bias in any form is contrary to the very principles upon which this nation and Commonwealth were founded." V: Shot of Flynn, Syron, and Dukakis at the hearing. Quotes by Flynn, Kennedy and Dukakis appear written in text on-screen. Kelly reports that the bankers disagreed with the officials. V: Footage of Pollard being interviewed by Kelly. Pollard says that the study contains no evidence showing that banks are involved in the practice of redlining. Pollard admits that people in disadvantaged neighborhoods are ill-served by the financial community. Pollard says that bankers are part of the larger financial community; that bankers will be part of the solution to the problem. Shots of the congressional hearing; of Kennedy at the congressional hearing. Shots of Kweisi Mfume (State Representative) at the hearing; of attendees at the hearing; of Bruce Bolling (Boston City Council) at the hearing. Kelly reports that speakers at the hearing focused on solutions to the problem; that few talked about the larger issue of racism at the heart of the problem. V: Shots of Flynn; of attendees at the hearing.
Collection: Ten O'Clock News
Date Created: 09/29/1989

Procession Against Violence (reel 1)

Description: Judy Stoia interviews James Kelly (South Boston Information Center) about resistance to busing and his decision not to attend the Procession Against Violence. Kelly says that he has appealed to African American parents to put pressure on the NAACP to stop busing. Kelly says that many African American parents agree that "forced busing is the problem." Following interview is silent footage of helicopter and security detail among rooftops of City Hall Plaza. A WGBH camera crew overlooks City Hall Plaza and records the Procession Against Violence. Thomas O'Neill, Jr. (Lieutenant Governor of Massachusetts), Kitty Dukakis, Michael Dukakis (Governor of Massachusetts), Kathryn White, Kevin White (Mayor, City of Boston), Charles Barry (State Secretary of Public Safety), Dr. Charles Glenn (Massachusetts State Department of Education), Ann Landers (advice columnist), Joseph Kennedy, Edward Kennedy (US Senator), and Edward Brooke (US Senator) are among those at the front of the procession. Footage includes overhead shots of the crowd and audio of hecklers jeering at White and Kennedy. Reverend Robert Golledge and John Colburn address the crowd. Tape 1 of 3.
1:00:15: Visual: Judy Stoia sets up an interview with James Kelly (South Boston Information Center) near City Hall Plaza. Stoia asks Kelly about a message he delivered to African American parents. Kelly says that he urged African American parents to use their influence with the NAACP to stop forced busing; that both white and African Americans know that "forced busing is the problem"; that African American parents have encouraged the South Boston Information Center to continue the fight against busing. Kelly says that he made the plea to African American parents in order to help restore sanity to the city. Kelly says that he will not participate in today's Procession Against Violence because it will do nothing to remedy forced busing; that the mayor, state officials and "the liberals" need to take a stand against forced busing. Stoia probes Kelly's motives in boycotting the march. Kelly says that his statement to African American parents will be more effective than a march around the city by "the liberal establishment." Kelly says that white parents want a good education for their children in neighborhood schools; that the "liberal establishment" and the media need to realize that "good education for all kids" is more important than "quality integrated education." Kelly says that he hopes white parents and African American parents can work together to solve some of the problems in the city. Stoia thanks Kelly. The crew takes some cutaway shots of Stoia asking questions. 1:05:09: V: A small crowd begins to gather for the procession against violence at City Hall Plaza. A few people look down on the plaza from rooftops. Helicopters circle above City Hall Plaza. A crowd mills about on the plaza. A small crowd is gathered around some seating. A marching band plays. 1:07:44: V: Groups of people walk toward City Hall Plaza. Police officers are visible. One officer directs traffic. The music of a marching band is audible, then it stops. Marchers begin to fill the street, moving toward the plaza. Four men in uniform lead the march, carrying an American flag and a Massachusetts state flag. A crowd of people stream into the plaza. A woman yells, "Kevin, stop forced busing." A man yells, "Hey, you hypocrite." Thomas O'Neill (Lieutenant Governor of Massachusetts), Michael Dukakis (Governor of Massachusetts), Kitty Dukakis, Kathryn White, Kevin White (Mayor, City of Boston), Charles Barry (State Secretary of Public Safety), Dr. Charles Glenn (Massachusetts State Department of Education) and Ann Landers (advice columnist) are among those visible at the front of the marchers. Some of the crowd jeers. A man yells, "Kennedy, you faker." The officials at the front of the march greet Elma Lewis and others informally as they proceed to the front of the plaza. A woman yells, "Stop forced busing. A large crowd continues to stream into the plaza. Shots of the assembled crowd. The WGBH crew tries to locate and identify public figures. A helicopter circles overhead. 1:15:25: V: A marching band begins to play. The stream of marchers continues into the plaza. Shots of assembled crowd. A woman yells, "Stop forced busing. A voice is heard addressing the crowd, calling for "a peaceful community in Boston." Shot of the crowd. O'Neill, Joseph Kennedy, Edward Kennedy (US Senator) and Edward Brooke (US Senator) are visible. Audio is difficult to hear. Reverend Robert Golledge (Vicar, Old North Church) addresses the crowd from the podium. Golledge introduces the band from the St. William's School in Dorchester. Assembled in front of the podium, the band strikes up the national anthem. Shots of the media photographing the event; of the crowd filling the plaza; of officials at the front of the crowd. John Colburn (Episcopal Archdiocese) leads the crowd in prayer.
Collection: Ten O'Clock News
Date Created: 04/23/1976

Redlining

Description: Meg Vaillancourt reports that the Federal Reserve Bank has released a study finding that banks in Boston are guilty of redlining. Vaillancourt notes that three times as many mortgages are approved in Boston's white neighborhoods as in African American neighborhoods. Vaillancourt reviews the findings of the study. Vaillancourt interviews African Americans on the street. They talk about their experiences in applying for mortgages. Vaillancourt reports that African Americans earn less than whites on average. She adds that these economic factors do not explain the gap in mortgage lending practices. Vaillancourt interviews Joseph Kennedy (US Congressman). Kennedy condemns redlining practices. He adds that banks should not practice discrimination, noting that many banks receive federal funds. Vaillancourt reports that Boston banks have agreed to change their lending practices. She adds that meetings between community activists and banks are scheduled for next month. Vaillancourt's report is accompanied by footage of employees and customers in banks and shots of residential homes.
1:00:14: Visual: Shots of residential homes in suburban areas. Meg Vaillancourt reports that home prices are on the rise. Vaillancourt notes that race can also be obstacle to home ownership. V: Footage of an African American man being interviewed at Downtown Crossing in Boston. The man says that he is turned down every time he applies for a mortgage. Footage of an African American woman being interviewed at Downtown Crossing. The woman says that she has had to submit a great deal of paperwork when applying for a mortgage; that she has been examined more carefully than her income would merit. Footage of Joseph Kennedy (US Congressman) saying that redlining is practiced across the nation; that many officials try to deny it. Vaillancourt reports that the Federal Reserve Bank has released a study which finds that three times as many mortgages are approved in Boston's white neighborhoods as in Boston's African American neighborhoods. V: Shot of an African American woman looking out of the window of an apartment building. On-screen visuals and text detail the findings of the study. Footage of an African American man being interviewed at Downtown Crossing. The man says that banks seem to believe that African Americans do not have money. Footage of another man being interviewed. The man says that there should be no discrimination in lending practices. Shots of homes in a residential neighborhood; of two white women and a child standing in front of one of the homes. Vaillancourt reports that some blamed economic factors instead of race for redlining practices. Vaillancourt quotes statistics which show that African Americans earn less than whites on average; that homes in African American neighborhoods cost less; that there is less development in African American neighborhoods. V: Shots of residential homes in a variety of neighborhoods. Vaillancourt notes that economic factors do not explain the gap in mortgage lending practices. Vaillancourt quotes the study as finding that a 24% difference in mortgages between white and African American neighborhoods is found even when economic factors are taken into account. Vaillancourt reports that the study found that economic factors do not explain the gap in lending practices. V: On-screen text and visuals detail the study findings. Footage of Kennedy saying that poor people are receiving credit; that people of color are being denied access to credit. Vaillancourt reports that the banking industry is in crisis after the savings and loan scandal; that many banks have been forced to close. Vaillancourt notes that taxpayers are bailing out some banks; that banks are having a hard time collecting on bad loans. V: Shots of employees and customers in the lobby of a bank; of a client filling out a loan application; of bank employees sitting at their desks while helping customers. Shot of an African American bank employee helping a white customer with a loan application. Footage of Kennedy saying that banks have access to federal funds; that banks receiving federal funds should not practice discrimination. Shot of two triple-decker houses in a residential neighborhood. One of the houses is dilapidated. Vaillancourt reports that Boston banks have agreed to change their lending practices; that meetings between community activists and banks are scheduled for next month. V: Footage of the first African American man at Downtown Crossing. The man says that he has been forced to look elsewhere for loans; that the banks' lending practices will not stop him.
Collection: Ten O'Clock News
Date Created: 08/31/1989