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COMMITTEE ON APPROPRIATIONS

CLARENCE CANNON, Missouri, Chairman GEORGE H. MAHON, Texas

JOHN TABER, New York HARRY R. SHEPPARD, California

RICHARD B. WIGGLESWORTH, Massachusetts ALBERT THOMAS, Texas

BEN F. JENSEN, Iowa MICHAEL J. KIRWAN, Ohio

H. CARL ANDERSEN, Minnesota V. F. NORRELL, Arkansas

WALT HORAN, Washington JAMIE L. WHITTEN, Mississippi

GORDON CANFIELD, New Jersey GEORGE W. ANDREWS, Alabama

IVOR D. FENTON, Pennsylvania JOHN J. ROONEY, New York

ERRETT P. SCRIVNER, Kansas J. VAUGHAN GARY, Virginia

FREDERIC R. COUDERT, JR., New York JOHN E. FOGARTY, Rhode Island

CLIFF CLEVENGER, Ohio ROBERT L. F. SIKES, Florida

EARL WILSON, Indiana PRINCE H. PRESTON, Georgia

BENJAMIN F. JAMES, Pennsylvania OTTO E. PASSMAN, Louisiana

GERALD R. FORD, JR., Michigan LOUIS C. RABAUT, Michigan

EDWARD T. MILLER, Maryland SIDNEY R. YATES, Illinois

CHARLES W. VURSELL, Illinois FRED MARSHALL, Minnesota

HAROLD C. OSTERTAG, New York JOHN J. RILEY, South Carolina

FRANK T. BOW, Ohio ALFRED D. SIEMINSKI, New Jersey HAMER H. BUDGE, Idaho JOE L. EVINS, Tennessee

CHARLES RAPER JONAS, North Carolina HENDERSON LANHAM, Georgia

MELVIN R. LAIRD, Wisconsin
JOHN F. SHELLEY, California
EDWARD P. BOLAND, Massachusetts
DON MAGNUSON, Washington
WILLIAM H. NATCHER, Kentucky
DANIEL J. FLOOD, Pennsylvania
WINFIELD K, DENTON, Indiana
TOM STEED, Oklaho.na
HUGH Q. ALEXANDER, North Carolina
CHARLES A. BOYLE, Illinois

KENNETH SPRANKLE, Clerk and Staff Director

(II)

AG

85th

V43
DOCUMENTS

DEPT.

THE SUPPLEMENTAL APPROPRIATION BILL FOR 1958

SUBCOMMITTEE ON FOREIGN OPERATIONS APPROPRIATIONS

OTTO E. PASSMAN, Louisiana, Chairman
J. VAUGHAN GARY, Virginia JOHN TABER, New York
JOHN J. ROONEY, New York

RICHARD B. WIGGLESWORTH,
HENDERSON LANHAM, Georgia Massachusetts
WILLIAM H. NATCHER, Kentucky GERALD R. FORD, Michigan
WINFIELD K. DENTON, Indiana EDWARD T. MILLER, Maryland
HUGH Q. ALEXANDER, North Carolina

WEDNESDAY, May 29, 1957.

EXPORT-IMPORT BANK OF WASHINGTON

ADMINISTRATIVE EXPENSES

WITNESSES

SAMUEL C. WAUGH, PRESIDENT AND CHAIRMAN OF THE BOARD
LYNN U. STAMBAUGH, FIRST VICE PRESIDENT AND VICE CHAIR-

MAN
ARTHUR M. ANDERSON, TREASURER

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332

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1956 actual

1957 estimate

1958 estimate

$85, 541, 854
25, 357, 472

$90, 813, 331
30, 114,000

$107, 161, 339

44,068, 500

60, 184, 382

60, 699, 331

63,092, 839

404, 853, 241

443, 052, 572

367, 226, 344

-57, 485 -22,500,000

-22,500,000

-22, 500,000

404, 853, 241

443,052, 572

483, 645, 411

Loan and guaranty program:

Income earned
Expense incurred

Net income, loan and guaranty program.
Analysis of retained earnings:

Retained earnings, beginning of year.
Uncollectible loans balance written off
Payment of dividend to Treasury (-).

Retained earnings, end of year. -
Assets:

Cash with Treasury-
Accounts receivable..
Loans receivable (net).
Loans by commercial banks (see contra).
Other...

Total assets...
Liabilities:

Current
Other liabilities to banks (contra).

Total liabilities...
Investment of U. S. Government:

Interest bearing: Borrowings from Treasury.
Non-interest-bearing:

Capital stock.
Retained earnings-

Total investment of U. S. Government.

1,023, 725

22, 680, 246
2, 611, 779, 665

841, 192
70,895

1,023, 725

27, 352, 183
3,071, 451, 993

841, 192
81, 895

1,023, 725

30, 996, 183 3, 379, 914, 987

841, 192

81,895 3,412, 857, 982

2, 636, 395, 723

3, 100, 750, 988

1, 701, 290

841, 192

1,857, 224

841, 192

2, 121, 379

841, 192

2, 542, 482

2, 698, 416

2, 962, 571

1, 206, 500,000

1, 632, 500,000

1,000,000, COO

427, 353, 241

1,000,000,000

465, 552, 572

1, 903,750,000 1,000,000,000

506, 145, 411 3, 409, 895, 411

2, 633, 853, 241

3,098, 052, 572

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