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Black Financial Institutions (1983)




Genre: Newsmagazine

Place Covered: New Orleans, Orleans Parish, Louisiana, Baton Rouge, East Baton Rouge Parish, Louisiana

Copyright Holder: Louisiana Educational Television Authority

Date Issued: 1983-10-09

Duration: 00:25:33

Subjects: Banking Industry | African American banks | Liberty Bank and Trust Company (New Orleans, La.) | First Federal Savings and Loan Association of Scotlandville | Savings and loans associations | Economy | Federal Reserve Bank of Atlanta


  • Hinton, Rob Host
  • Stewart, Genevieve Host
  • McDonald, Alden Interviewee
  • Eames, Louis Interviewee
  • Thompson, Horatio Interviewee
  • Steptoe, Roosevelt Interviewee


This episode of the series “Folks” from October 9, 1983, focuses on black financial institutions. Genevieve Stewart first interviews Alden McDonald, the president of Liberty Bank in New Orleans and the National Bankers Association, who discusses the impact of minority-owned banks on the growth of minority business enterprises within a community. Rob Hinton then interviews Louis Eames of the First Federal Savings and Loan Association of Scotlandville in Baton Rouge, who discusses the history of First Federal and the important role it plays in the community. Lastly, Stewart interviews Dr. Roosevelt Steptoe of the New Orleans branch of the Federal Reserve Bank and Horatio Thompson of the Federal Reserve Bank of Atlanta. They discuss the state of the economy.