Foreign Commerce Study |
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Page 1
... question of export credit and the possible ways in which the position of our exporters might be strengthened . Our first witness is Mr. Samuel Waugh , President of the Export- Import Bank . In inviting him to the table , I wish to ...
... question of export credit and the possible ways in which the position of our exporters might be strengthened . Our first witness is Mr. Samuel Waugh , President of the Export- Import Bank . In inviting him to the table , I wish to ...
Page 2
... question of credit is one of paramount importance . No one with whom we have talked is anxious that the Export - Import Bank , as an independent agency of the U.S. Government , in its efforts to increase foreign trade , should engage in ...
... question of credit is one of paramount importance . No one with whom we have talked is anxious that the Export - Import Bank , as an independent agency of the U.S. Government , in its efforts to increase foreign trade , should engage in ...
Page 3
... question of the short - term credit , Senator . In that instance the credit will be extended by the private banks and , the political risk coverage will be extended by the Export - Import Bank . But in a moment I will come to the medium ...
... question of the short - term credit , Senator . In that instance the credit will be extended by the private banks and , the political risk coverage will be extended by the Export - Import Bank . But in a moment I will come to the medium ...
Page 5
... question . Senator MONRONEY . You say you have had very little activity in this , because of the attitude of the bank . The commercial banks or the Export - Import Bank ? Mr. WAUGH . The commercial banks , on account of the tight ...
... question . Senator MONRONEY . You say you have had very little activity in this , because of the attitude of the bank . The commercial banks or the Export - Import Bank ? Mr. WAUGH . The commercial banks , on account of the tight ...
Page 6
... question - rather than have them tell you and have you assume the responsibility of the answer on a subject that you think ought to be referred to one of your colleagues , you go ahead and refer it and we will get the answer directly ...
... question - rather than have them tell you and have you assume the responsibility of the answer on a subject that you think ought to be referred to one of your colleagues , you go ahead and refer it and we will get the answer directly ...
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Common terms and phrases
abroad agency American Export Credit amount applications AREY Argentina assistance basis Brazil buyer capital Chairman commercial attachés commercial banks commercial credit risks commercial risks competition competitors Confirming House Contract CONGRESS THE LIBRARY cover coverage Credit Guarantee Corporation credit terms currency customers dollars economic equipment European exchange transfer Exim Eximbank export credit facilities Export Credit Guarantee export credit insurance export sales Export-Import Bank Federal firms Foreign Commerce foreign trade funds Guarantors Import Bank industry institutions interest invoice value involved Latin America limited loans loss LURIE markets ment million offered operation oversea participation Philippines pilot corporation political risk premium problem proposed question SCAFURO Senator MONRONEY Senator PASTORE Senator YARBOROUGH short-term specific Specified Exports statement suppliers textile tion transactions U.S. dollars U.S. export U.S. Government U.S. manufacturers U.S. products U.S. Senate U.S. Treasury underwriting United United Kingdom WAUGH
Popular passages
Page 90 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist any small business concern...
Page 80 - Contractor ; smoke ; sprinkler leakage ; earthquake or volcanic eruption ; flood, meaning thereby rising of a body of water ; hostile or war-like action, including action in hindering, combating, or defending against an actual, impending or expected attack...
Page 2 - Washington (hereinafter called the "bank") is to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States and any of its territories and insular possessions and any foreign country or the agencies or nationals thereof.
Page 85 - Administration of the administrative supervision of the Federal land banks, the banks for cooperatives, the Federal intermediate credit banks, and the...
Page 87 - Government-sponsored enterprises: The Federal Deposit Insurance Corporation, the Federal home loan banks, the Federal land banks, the banks for cooperatives, and the Federal intermediate credit banks.
Page 88 - The Congress hereby declares that the purposes of this title are to establish in the Federal Government a secondary market facility for home mortgages, to provide that the operations of such facility shall be financed by private capital to the maximum extent feasible, and to authorize such facility to — (a) provide supplementary assistance to the secondary market for home...
Page 88 - All patronage refunds shall be paid in the proportion that the amount of interest earned on the loans of each borrower bears to the total interest earned on the loans of all borrowers during the fiscal year.
Page 153 - The Machinery and Allied Products Institute and its affiliate organization, the Council for Technological Advancement, are privileged to have the opportunity to appear before this distinguished committee in hearings on S.
Page 80 - ... hostile or warlike action in time of peace or war, including action in hindering, combating or defending against an actual, impending or expected attack...
Page 89 - That such depositaries shall, unless otherwise authorized, be members of the Federal Reserve System or of the Federal Deposit Insurance Corporation.