Negro Employment in Finance : A Study of Racial Policies in Banking and Insurance

Founded in 1921 as a separate Wharton department, the Industrial Research Unit has a long record of publication and research in the labor market, productivity, union relations, and business report fields. Major Industrial Research Unit studies as published as research projects are completed. This volume is Study no. 47. Foreword CONTENTS TABLE OF CONTENTS LIST OF TABLES List of Tables APPENDIX TABLES LIST OF FIGURES Part One. THE NEGRO IN THE BANKING INDUSTRY CHAPTER I. Introduction CHAPTER II. Structure of the American Banking Industry CHAPTER III. Negro Employment Levels: National Data, 1940–1968 CHAPTER IV. Analyzing the Factors Causing Differences Among Industries CHAPTER V. Variation in Negro Employment Within the Banking Industry CHAPTER VI. External Influences CHAPTER VII. Some Problems of Negro Employment CHAPTER VIII. Banking Activities in Support of Increased Negro Participation CHAPTER IX. Policy Statements CHAPTER X. Determinants of Industrial Policy Appendix A. SURVEY PARTICIPANTS Appendix B. NEGRO BANKING Appendix C. LEGISLATIVE AND REGULATORY HISTORY AFFECTING BANKS Index Frontmatter 2 TABLE OF CONTENTS LIST OF TABLES APPENDIX TABLES Part Two. THE NEGRO IN THE INSURANCE INDUSTRY CHAPTER I. Introduction CHAPTER II. The Structure of the Insurance Industry CHAPTER III. Negro Employment Prior to 1967 CHAPTER IV. Negro Employment in the Insurance Industry in 1967 CHAPTER V. Factors Influencing Negro Employment in the Insurance Industry CHAPTER VI. Concluding Observations Appendix A. HISTORY OF NEGRO LIFE INSURANCE COMPANIES Appendix B. Basic Statistical Tables, 1964 and 1966 Appendix C. Basic Statistical Tables, 1966, 1967 Index Frontmatter 3 TABLE OF CONTENTS LIST OF TABLES Part Three. CONCLUDING ANALYSIS Concluding Analysis NATURE OF THE INDUSTRY NATURE OF THE WORK NATURE OF MANAGEMENT NATURE OF INDUSTRIAL ENVIRONMENT FINAL COMMENT

This volume investigates African-American employment in banking and insurance in the United States. The authors describe how these once almost all-white industries are now employing large numbers of African-American and what problems remain to be solved before equal employment opportunity can be fully attained. Appendices tell the story of African-American-owned banking and insurance companies and their status today.

Located in primarily urban areas, banks and insurance companies may soon be among the largest employers of African-Americans. The centralized personnel structure of banks gives them a significant advantage in employing African Americans, but the authors find that both banks and insurance companies have been slow to employ black managerial personnel.

This study is based upon individual reports first published in the Racial Policies of American Industry series. A final chapter compares and contrasts the situations in banking and insurance, paying particular attention to the reasons for varying progress in the two industries.

Founded in 1921 as a separate Wharton department, the Industrial Research Unit has a long record of publication and research in the labor market, productivity, union relations, and business report fields. Major Industrial Research Unit studies are published as research projects are completed. This volume is Study no. 47.

This volume investigates African-American employment in banking and insurance in the United States. The authors describe how these once almost all-white industries are now employing large numbers of African-American and what problems remain to be solved before equal employment opportunity can be fully attained. Appendices tell the story of African-American-owned banking and insurance companies and their status today. Located in primarily urban areas, banks and insurance companies may soon be among the largest employers of African-Americans. The centralized personnel structure of banks gives them a significant advantage in employing African Americans, but the authors find that both banks and insurance companies have been slow to employ black managerial personnel. This study is based upon individual reports first published in the Racial Policies of American Industry series. A final chapter compares and contrasts the situations in banking and insurance, paying particular attention to the reasons for varying progress in the two industries. Founded in 1921 as a separate Wharton department, the Industrial Research Unit has a long record of publication and research in the labor market, productivity, union relations, and business report fields. Major Industrial Research Unit studies are published as research projects are completed. This volume is Study no. 47.