Federal Reincorporation of Export-Import Bank: Hearings Before the Committee on Banking and Currency, House of Representatives, Eightieth Congress, First Session, on S. 993, a Bill to Provide for the "reincorporation of the Export-Import Bank of Washington, and for Other Purposes," May 8 and 12, 1947U.S. Government Printing Office, 1947 - 65 pages |
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Common terms and phrases
agency Amount Expiry date Authorized Country Balance of approved Banco do Brasil Bank of Washington BANKING AND CURRENCY banks Principal repaid billion dollars borrowings Brazil BUCHANAN BUFFETT CHAIRMAN China cial COLE Commodity or purpose Companhia Siderurgica Nacional Congress Corp correct Cotton Country and obligor date By Export disbursed Amount disbursed dividends Donald Hiss earnings economy expirations Date Amount Export-Import Bank Act FLETCHER foreign governments foreign trade Foster-Wheeler funds HAYS Import Bank risk International Bank International Monetary Fund JOHNSON June 30 legislation Lend-Lease lending authority loans and Authorized MAFFRY MARTIN McMILLEN ment National Advisory Council obligor Loan paid Past operations total percent period present purpose Cancella reconstruction credits Reconstruction Finance Corporation reconstruction loans REINCORPORATION repaid on loans Republic SAUER Second Export-Import Bank SMITH standing on loans standing outstand Statement of loans tions and expirations Total Past operations United States products United States Treasury Unused balance
Popular passages
Page 27 - ... corporation, or association; to adopt, alter, and use a corporate seal, which shall be judicially noticed; to sue and to be sued; to complain and to defend in any court of competent jurisdiction; and the enumeration of the foregoing powers shall not be deemed to exclude other powers necessary to the achievement of the objects and purposes of the Bank.
Page 28 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the Association.
Page 5 - ... It is the policy of the Congress that the Bank in the exercise of its functions should supplement and encourage and not compete with private capital, and that loans, so far as possible consistently with carrying out the purposes of subsection (a), shall generally be for specific purposes, and, in the judgment of the Board of Directors, offer reasonable assurance of repayment.
Page 28 - The Bank is hereby authorized to use all of its assets and all moneys which have been or may hereafter be allocated to or borrowed by it in the exercise of its functions. Net earnings of the Bank after reasonable provision for possible losses shall be used for payment of dividends on capital stock. Any such dividends shall be deposited into the Treasury as miscellaneous receipts.
Page 27 - ... acceptances, cable transfers, and other evidences of indebtedness; to purchase, sell, and guarantee securities but not to purchase with its funds any stock in any other corporation except that it may acquire any such stock through the enforcement of any lien or pledge or otherwise to satisfy a previously contracted indebtedness to it; to accept bills and drafts drawn upon it; to issue letters of credit; to purchase and sell coin, bullion, and exchange; to borrow and to lend money; to perform...
Page 43 - The stated purpose of this bill is "to assist in the development of the resources, the stabilization of the economies, and the orderly marketing of products of the countries of the Western Hemisphere.
Page 4 - To assist in the development of the resources, the stabilization of the economies, and the orderly marketing of the products of the countries of the Western Hemisphere...
Page 24 - Advances under these credits are repayable in 90 days or less. Total available for such lines, $1,000,000 revolving.
Page 5 - ... decision should apply especially to countries which have access to the facilities of the International Bank. The bank continues to consider, however, in accordance with its general powers and policies, credits to finance trade with countries undergoing reconstruction as well as with other countries. It is the policy of the bank that the credits which it authorizes shall be for specific purposes, shall contribute in the most direct manner to a balanced long-range expansion of foreign trade, and...