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L.A. RIOT RELIEF TO BECOME REALITY FOR LOCAL BANKS AND BUSINESSES

 L.A. RIOT RELIEF TO BECOME REALITY FOR LOCAL BANKS AND BUSINESSES
 Motown Records Hosts Local Banks and Businesses
 for U.S. Department of Energy Announcement
 of $37 Million Deposit Into California Minority Banks
 WHAT: Los Angeles riot relief is on the way. Motown Records is
 hosting local minority banks and businesses for a
 presentation from the Secretary of the United States
 Department of Energy Adm. James Watkins, who will
 announce details of the expansion of the department's
 Bank Deposit Program from its current $20 million to
 $250 million -- $37 million of the monies will be
 deposited in California minority banks in an effort to
 encourage reinvestment in urban communities and support
 rebuilding Los Angeles after the recent civil unrest.
 WHO: Secretary of the U.S. Department of Energy Adm. James
 Watkins; Jim Brown, community activist and ex-football
 player; Motown Records President/Chief Executive Officer
 Jheryl Busby; Motown Records Chief Operating Officer
 Harry Anger; Motown Senior Vice President Paris Eley;
 Office of Minority Economic Impact Director Melva Wray;
 AT&T Corp.'s William Devine; Founders National Bank of
 L.A. President Jerry Dillon; Boston Ventures' Martha
 Crowninshield; Century Health Care Corp. President Jerry
 Dillon; as well as other community leaders and
 representatives from local banks and businesses.
 WHEN: Monday, June 1
 10:30 a.m.
 WHERE: Motown Records
 6255 Sunset Blvd., 21st floor (conference room)
 Hollywood
 COMMENTS: Motown Records, whose success is rooted in the black
 community, has become actively involved with the U.S.
 Department of Energy's outreach efforts to elicit
 participation from local minority banks and business.
 NOTE: All television crews should be self-contained.
 CONTACT: Michael Mitchell of Motown Records, 213-468-3553; or John Uppendahl of Roskin-Friedman, 213-653-5411.
 -0- 5/28/92


CO: Motown Records ST: California IN: ENT SU:

KJ -- LA043 -- 5009 05/28/92 19:48 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:300
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