Series: The Ten O'Clock News
Date: 1989-09-29
Duration: 00:02:59

Subject: Discrimination; Banks and banking
People: Bolling, Bruce; Dukakis, Michael; Flynn, Raymond; Frank, Barney; Hooks, Dr. Benjamin; Kelly, Hope; Kennedy, Joseph; Mfume, Kweisi; Pollard, Richard;

Clip 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.

Series Description
A local program aimed at the Boston audience, The Ten O'Clock News debuted on January 15, 1976. Its two immediate predecessors were The Reporters and Evening Compass. A news and public affairs show focusing on neighborhood, local and state issues, The Reporters was produced and broadcast on WGBH from 1970 to 1973. The Reporters was then replaced by Evening Compass, which expanded into a twice-nightly news broadcast during the tense moments of Boston's busing crisis. On the air from 1973 to 1975, Evening Compass found an audience through its in-depth coverage of school desegregation in Boston, which began in 1974. The Ten O'Clock News stood out as an in-depth news program. It strove for a balance between local and national stories, between politics and the Arts. The last The Ten O'Clock News program was broadcast on May 30, 1991.

See also: http://main.wgbh.org/ton/programs/6794_02