« PreviousContinue »
HAROLD W. SUNDSTROM
Vice President-Public Affairs and Publications
Vice President-Policy and Planning
Vice President-Marketing and Program
Vice President-Europe and Canada
RICHARD D. CRAFTON
JAMES W. CRIST
JAMES C. CRUSE
JOAN P. HARRIS
THOMAS E. MORAN
ROBERT L. CHARAMELLA
JOHN W. WISNIEWSKI
[For the Export-Import Bank of the United States statement of organization, see the Code of Federal Regulations, Title 12, Part 401]
The Export-Import Bank of the United States facilitates and aids in financing exports of U.S. goods and services. The Bank has implemented a variety of programs to meet the needs of the U.S. exporting community. These programs take the form of direct lending or the issuance of guarantees and insurance so that exporters and private banks can extend appropriate financing without taking undue risks.
The Export-Import Bank of Washington was authorized in 1934 as a banking corporation organized under the laws of the District of Columbia by Executive Order 6581 of February 2, 1934. The Bank was continued as an agency of the United States by acts of Congress in 1935, 1937, 1939, and 1940. It was made an independent agency of the U.S. Government by the Export-Import Bank Act of 1945 (12 U.S.C. 635), subsequently amended in 1947 to reincorporate the Bank under Federal charter. The name was changed to Export-Import Bank of the United States (Eximbank) by act of March 13, 1968 (12 U.S.C. 635 note).
The mission of the Bank is to help American exporters meet governmentsupported competition from other countries and to correct market imperfections so that commercial export financing can take place. In 1987 Congress appropriated $100 million for use as grants in combination with regular export loans.
The Export-Import Bank will consider aiding in the export financing of U.S. goods and services when there is a
reasonable assurance of repayment. Eximbank is not to compete with private financing, but supplement it when adequate funds are not available in the private sector.
The Bank is authorized to have outstanding at any one time dollar loans, guarantees, and insurance in aggregate amount not in excess of $40 billion. The Bank also is authorized to have a capital stock of $1 billion and to borrow from the United States Treasury up to $6 billion outstanding at any one time.
Important changes inaugurated in fiscal year 1987 make it easier for the Bank's programs to support U.S. exports. For example, Eximbank now has essentially one loan program and one guarantee program for both medium- and long-term export transactions. Both programs, providing up to 85 percent financing, operate on the basis of preliminary commitments and are open to any responsible party. Eximbank loans also carry the minimum interest rate allowed by the Organization for Economic
Cooperation and Development. Other changes, including a restructuring of fee schedules based on risk, will help make Eximbank programs more accessible to financial institutions and to exporters.
Eximbank acts to reduce the risks of buyer default for American exporters under a variety of insurance programs administered by the Foreign Credit Insurance Association (FCIA). FCIA, an association of U.S. insurance companies organized by Eximbank in 1961, sells and services export credit insurance policies under agency and reinsurance agreements with Eximbank. FCIA policies
insure against risks of default in export transactions and are available in a variety of insurance plans that are tailored to the special needs of different types of exporters and financial institutions.
Other Eximbank programs include the Working Capital Guarantee Program, a loan guarantee program designed to provide eligible exporters with access to working capital loans from commercial lenders, and the Engineering Multiplier Program, which provides financing in support of project-related design services or feasibility studies with potential for generating further procurement of American exports.
For further information, contact the Public Affairs Office, Export-Import Bank of the United States, 811 Vermont Avenue NW., Washington, DC 20571. Phone, 202-566-8990.
FARM CREDIT ADMINISTRATION
1501 Farm Credit Drive, McLean, VA 22102
[For the Farm Credit Administration statement of organization, see the Code of Federal Regulations, Title 12, Parts 600 and 611]
The Farm Credit Administration is responsible for the regulation and examination of the borrower-owned banks and associations and their service organizations that
comprise the cooperative Farm Credit System. These institutions are the Federal land banks, which make long-term loans on farm or rural real estate, or real estate connected with a commercial fisherman's operation, through local Federal land bank associations; the Federal intermediate credit banks providing short- and intermediate-term loan funds to production credit associations and other institutions financing farmers, ranchers, rural homeowners, owners of farm-related businesses, and commercial fishermen; and the banks for cooperatives that make loans of all kinds to agricultural and aquatic cooperatives. The loan funds provided borrowers by these institutions are obtained primarily through the sale of securities to investors in the Nation's capital markets.
The Farm Credit Administration, an
Authority for the organization and activities of the institutions comprising the cooperative Farm Credit System and that operate under the regulation of the
For further information, contact the Office of Congressional and Public Affairs, Farm Credit
FEDERAL COMMUNICATIONS COMMISSION
1919 M Street NW., Washington, DC 20554
DENNIS R. Patrick
194-286 0 - 88 - 18 (QL 3)
[For the Federal Communications Commission statement of organization, see the Code of Federal Regulations, Title 47, Part 0]
The Federal Communications Commission regulates interstate and foreign communications by radio, television, wire, and cable. It is responsible for the orderly development and operation of broadcast services and the provision of rapid, efficient nationwide and worldwide telephone and telegraph services at reasonable rates. This also includes the promotion of safety of life and property through radio and the use of radio and television facilities to strengthen the national defense.
The Federal Communications
Commission (FCC) was created by the Communications Act of 1934 (15 U.S.C. 21 U.S.C.; 47 U.S.C. 35, 151) to regulate interstate and foreign communications by wire and radio in the public interest. It was assigned additional regulatory jurisdiction under the provisions of the Communications Satellite Act of 1962 (47 U.S.C. 701-744). The scope of its regulation includes radio and television broadcasting; telephone, telegraph, and cable television operation; two-way radio and radio operators; and satellite communication.
The Commission is composed of five members, who are appointed by the President by and with the advice and consent of the Senate. One of the members is designated by the President as Chairman.
In administering the programs necessary to carry out its regulatory responsibility, the Commission is assisted by a General Counsel, who in addition to typical duties exercises exclusive control of court appeals involving broadcast matters; a Managing Director; a Director of Public Affairs; a Director of Legislative Affairs; a Chief Engineer; a Chief of Plans
and Policy; and the Chiefs of four bureaus, to whom certain licensing and grant authority has been delegated.
To assist the Commission in exercising its responsibility in the adjudicatory process, there is a Review Board to review initial decisions and write decisions and an Adjudication Division in the Office of the General Counsel to assist the Commission and individual Commissioners in the disposition of matters arising in cases of adjudication (as defined in the Administrative Procedure Act (5 U.S.C. note prec. 551)) that have been designated for hearings. There also is a corps of administrative law judges, qualified and appointed pursuant to the requirements of the Administrative Procedure Act, who conduct evidentiary adjudicatory hearings and write initial decisions.
Mass Media The Mass Media Bureau administers the regulatory program for the following services: direct broadcast satellite, standard, frequency modulation, television, low power TV, translators, instructional TV fixed, related broadcast