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<HTML> <HEAD> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252"> <META NAME="keywords" CONTENT="The Color of Money, Pulitzer Prize, Bill Dedman, fair lending, redlining, discrimination, race, mortgages, CRA, HMDA, fair housing, journalism, investigative reporting, reinvestment, community development"> <META NAME="description" CONTENT="Text of The Color of Money, 1989 recipient of the Pulitzer Prize in investigative reporting, a series of articles by Bill Dedman in The Atlanta Journal-Constitution on racial discrimination in mortgage lending."> <TITLE>The Color of Money</TITLE> </HEAD> <BODY TEXT="#000000" LINK="#0000ff" VLINK="#800080" BGCOLOR="#ffffff"> <BASE FONT SIZE=2 FACE="TIMES NEW ROMAN" COLOR="#CC0000"> <I>Go to <A HREF="http://PowerReporting.com/color/4c.html">the next article</A> or back to <A HREF="http://PowerReporting.com/color/">the Color of Money index</A> or <A HREF="http://www.PowerReporting.com/">Power Reporting</A></I></P> <p align=left> <img src="http://PowerReporting.com/images/classic.gif" width="85%" height="16" alt="http://PowerReporting.com/images/classic.gif"> </p> <P></P> <h1>The Color of Money</h1> <h4>Day four, article two</h4> <P><HR></P> <h2>City Council calls meeting<br> to review lending patterns</h2> <P><HR></P> <h3>By Bill Dedman, The Atlanta Journal-Constitution</h3> <h4>Published May 4, 1988, Page A1</h4> <h4>Copyright 1988, The Atlanta Journal-Constitution</h4> <P></P> <P><HR></P> <P>The Atlanta City Council called a special meeting today with members of Atlanta's financial institutions to discuss lending patterns described in the Atlanta Journal-Constitution series ``The Color of Money."</P> <P>Chief executives of Atlanta banks and savings and loan associations were invited to the public meeting, which was set to begin at noon at the Westin Peachtree Plaza Hotel.</P> <P>Marvin Arrington, president of the council, said a biracial group of council members agreed Monday to call the meeting.</P> <P>"We're going to ask them if the numbers are correct, and if they're correct, what are they going to do about it," Arrington said before the meeting.</P> <P>Council member Jabari Simama added, "We need to take serious, extraordinary steps to put pressure on the banks to do better."</P> <P>The Journal-Constitution series, which concludes today, describes how Atlanta banks and savings and loans rarely make home loans in black or integrated neighborhoods. The articles were based on a five-month study of lenders' reports to the federal government.</P> <P>In other reaction, the series was the focus of a report Tuesday morning on NBC's "Today" show. Henry B. Garmon, chairman and chief executive officer of Fulton Federal Savings and Loan, and Fulton County Commission Chairman Michael Lomax were interviewed for the NBC report.</P> <img src="http://PowerReporting.com/images/classic.gif" width="85%" height="16" alt="http://PowerReporting.com/images/classic.gif"> </p> <I>Go to <A HREF="http://PowerReporting.com/color/4c.html">the next article</A> or back to <A HREF="http://PowerReporting.com/color/">the Color of Money index</A> or <A HREF="http://www.PowerReporting.com/">Power Reporting</A></I></P> <p align=left> <img src="http://PowerReporting.com/images/classic.gif" width="85%" height="16" alt="http://PowerReporting.com/images/classic.gif"> </p> <P>Reprinted with permission from The Atlanta Journal and The Atlanta Constitution. Further reproduction, retransmission or distribution of these materials without the prior written consent of The Atlanta Journal and The Atlanta Constitution, and any copyright holder identified in the material's copyright notice, is prohibited.</P> <P></P> <p align=left> <img src="http://PowerReporting.com/images/classic.gif" width="85%" height="16" alt="http://PowerReporting.com/images/classic.gif"> </p> <P></P> <P></P> <P><I>Please send comments and story ideas to Bill Dedman, <A HREF="mailto:Bill@PowerReporting.com">Bill@PowerReporting.com</A></I></P> <P><I>Home page: <A HREF="http://www.PowerReporting.com/">Power Reporting</A></I></P> <P></P> </BODY> </HTML>