[United States Government Manual] [July 01, 1995] [Pages 531-533] [From the U.S. Government Publishing Office, www.gpo.gov][[Page 531]] EXPORT-IMPORT BANK OF THE UNITED STATES 811 Vermont Avenue NW., Washington, DC 20571 Phone, 1-800-565-EXIM President and Chairman Kenneth D. Brody First Vice President and Vice Chairman Martin A. Kamarck Directors Julie D. Belaga, Maria Luisa Haley, Rita M. Rodriguez Vice Presidents, Project Finance Division Glen T. Matsumoto Dianne S. Rudo General Counsel Carol F. Lee Deputy General Counsel Stephen G. Glazer Vice President, Congressional and External Jackie M. Clegg, Acting Affairs Vice President, Public Affairs Christopher Dorval Vice President, Management Services and Human Tamzen C. Reitan Resources Director of Equal Opportunity and Diversity Dolores Bartning Programs Chief Financial Officer James K. Hess Deputy, Treasurer-Controller Joseph A. Sorbera Vice President, Claims and Stephen D. Proctor Recoveries Vice President, Information Candelario Trujillo Management Senior Vice President, Export Finance Group Raymond J. Albright Chief of Staff Jackie M. Clegg Vice President, Aircraft Finance Mary C. Kilty, Acting Division Vice President, Asia and Middle Terrence J. Hulihan East Vice President, Europe and Africa Thomas E. Moran Vice President, Americas Charles A. Leik Vice President, Engineering and James A. Mahoney Environment Vice President, Credit Leilani L. Newton Administration Vice President, United States James W. Crist Division Vice President, Insurance William W. Redway Senior Vice President, Business Development Richard J. Feeney Group Vice President, International Arthur Pilzer Business Development Vice President, Domestic Business Robert J. Kaiser Development Group Vice President, Policy, Planning and Program James C. Cruse Development Director, Quality Review and Secretariat Patricia Delaney Vice President, Country Risk Analysis Daniel L. Bond ________________________________________________________________________ The Export-Import Bank of the United States helps the private sector to create and maintain U.S. jobs by financing exports of the Nation's goods and services. To accomplish this mission, Export-Import Bank offers a variety of loan, guarantee, and insurance programs to support transactions that would not be awarded to U.S. companies without the Bank's assistance. The Export-Import Bank (Ex-Im Bank), established in 1934, operates as an independent agency of the U.S. Government under the authority of the [[Page 532]] Export-Import Bank Act of 1945, as amended (12 U.S.C. 635 et seq.). The Bank has a Board of Directors consisting of a President and Chairman, a First Vice President and Vice Chairman, and three other Directors, all of whom are appointed by the President with the advice and consent of the Senate. Ex-Im Bank's mission is to help American exporters meet government- supported financing competition from other countries, so that U.S. exports can compete for overseas business on the basis of price, performance, and service. The Bank also fills gaps in the availability of commercial financing for creditworthy export transactions. Ex-Im Bank is required to find a reasonable assurance of repayment for each transaction it supports. The Bank's legislation requires it to meet the financing terms of competitor export credit agencies, but not to compete with commercial lenders. An export must have a minimum of 50- percent U.S. content in order to be eligible for Ex-Im Bank support. There is no maximum or minimum dollar limit for Ex-Im Bank financing. Legislation restricts the Bank's operation in some countries and its support for military goods and services. Activities The Export-Import Bank is authorized to have outstanding, at any one time loans, guarantees, and insurance in aggregate amount not in excess of $75 billion. During fiscal year 1994, the Bank authorized a total of $15 billion in financing, including a wide range of capital goods exports to developing countries. The Bank supports U.S. exporters through a range of diverse programs, which are offered under four broad categories of export financing: Working Capital Guarantees These guarantees are provided to lenders, so that they can provide creditworthy small and medium-sized exporters with working capital they need to buy, build, or assemble products for export sale. Export Credit Insurance This insurance protects the exporter against both the commercial and political risks of a foregn buyer defaulting on payment. The Bank offers a variety of policies: short- and medium-term, single- and multi-buyer, and small business and umbrella policies. Loan Guarantees These guarantees encourage sales to creditworthy foreign buyers by providing private sector lenders in medium- and long- term transactions with Ex-Im Bank guarantees against the political and commercial risks of nonpayment. Political-risk-only guarantees are also available. Direct Loans These loans provide foreign buyers with competitive, fixed-rate medium- or long-term financing from Ex-Im Bank for their purchases from U.S. exporters. The Bank's direct loans carry the minimum interest rate allowed by the Organization for Economic Cooperation and Development. Ex-Im Bank has initiated several new programs to broaden the range of customers and types of exporters it supports. The Environmental Exports Program provides enhanced financing terms for environmentally beneficial goods and services. The Bank has also expanded its capabilities in the area of limited recourse project finance, and has adopted a policy of matching foreign tied-aid credits to ensure that U.S. exporters do not lose sales in critical emerging markets. In order to make its programs more readily available, Ex-Im Bank works closely with many State and local governments in its City/State Program. Regional Offices The Export-Import Bank operates five regional offices, listed in the table below. Regional Offices--Export-Import Bank -------------------------------------------------------------------------------------------------------------------------------------------------------- Region Address Telephone -------------------------------------------------------------------------------------------------------------------------------------------------------- New York..................................... Suite 238, 6 World Trade Ctr., New York, NY 10048........................................ 212-466-2950 Miami........................................ P.O. Box 590570, Miami, FL 33159......................................................... 305-526-7425 Chicago...................................... Suite 2440, 55 W. Monroe St., Chicago, IL 60603.......................................... 312-353-8081 [[Page 533]] Houston...................................... Suite 585, Ashford Crossing II, 1880 S. Dairy Ashford, Houston, TX 77077................. 713-589-8182 Los Angeles (Long Beach)..................... Suite 1670, 1 World Trade Ctr., Long Beach, CA 90831..................................... 310-498-0141 -------------------------------------------------------------------------------------------------------------------------------------------------------- For further information, contact the Export-Import Bank at 1-800-565- 3946, or write to the Business Development Group at 811 Vermont Avenue NW., Washington, DC 20571. Phone, 202-566-8990. ________________________________________________________________________