[United States Government Manual] [June 02, 1998] [Pages 524-526] [From the U.S. Government Publishing Office, www.gpo.gov]EXPORT-IMPORT BANK OF THE UNITED STATES 811 Vermont Avenue NW., Washington, DC 20571 Phone, 800-565-EXIM. Internet, http://www.exim.gov/. President and Chairman James A. Harmon First Vice President and Vice Chair Jackie M. Clegg Director and Chief Operating Officer Julie D. Belaga Directors Maria Luisa Haley, Rita M. Rodriguez Chief of Staff Andrea B. Adelman Vice President and Counselor to the Chairman Clyde Robinson Counselor to the Board Gloria B. Cabe Executive Vice President Allan I. Mendelowitz Chief Financial Officer and Chief Information James K. Hess Officer General Counsel Kenneth W. Hansen Coordinator Counsel, NIS and Central Europe Stephen G. Glazer Group Manager, Structured Export Finance Jeffrey L. Miller Group Manager, New and Small Business William W. Redway Vice President, Aircraft Finance Robert Morin Vice President, Americas Kenneth M. Tinsley Deputy Vice President, Asia and Africa Deborah Thompson Vice President, Asset Management Clement K. Miller, Acting Vice President, Communications David W. Carter Vice President, Congressional and External David W. Carter, Affairs Acting Vice President, Country Risk Analysis Peter Gosnell, Acting Vice President, Credit Administration Walter B. Hill, Jr., Acting Vice President, Engineering and Environment James A. Mahoney, Jr. Vice President, NIS/Central Europe LeRoy M. LaRoche, Acting Vice President, Information Management Candelario Trujillo, Jr. Vice President, Insurance Piper Starr, Acting Vice President, Policy, Planning, and Program James C. Cruse Development Vice President, Project Finance Barbara O'Boyle Vice President, Working Capital Sam Z. Zytcer Director, Broker Relations and Product Robert L. Charamella Development Group Vice President, Resource Management Delores de la Torre Bartning Director, Administrative Services Ralph Kaiser, Acting Director, Equal Opportunity and Cynthia B. Wilson Diversity Programs and Training Director, Human Resources Dennis H. Heins ------------------------------------------------------------------------ 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, the 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. [[Page 525]] 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 Export-Import Bank Act of 1945, as amended (12 U.S.C. 635 et seq.). Its Board of Directors consists 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. Its 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 Ex-Im 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 1997, it authorized a total of $12.1 billion in financing, including a wide range of capital goods exports to developing countries. Ex-Im Bank supports U.S. exporters through a range of diverse programs, which are offered under four broad categories of export financing: --working capital guarantees, 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 which protects the exporter against both the commercial and political risks of a foreign buyer defaulting on payment. Ex-Im Bank offers a variety of policies: short- and medium- term, single- and multi-buyer, and small business and umbrella policies. --loan guarantees which 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 made to provide foreign buyers with competitive, fixed-rate medium- or long-term financing from Ex-Im Bank for their purchases from U.S. exporters. 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. Ex-Im 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. [[Page 526]] Regional Offices--Export-Import Bank -------------------------------------------------------------------------------------------------------------------------------------------------------- Region Address Telephone Fax -------------------------------------------------------------------------------------------------------------------------------------------------------- New York....................................... Suite 635, 6 World Trade Ctr., New York, NY 10048...................... 212-466-2950 212-466-2959 Miami.......................................... Suite 617, 5600 NW. 36th St., Miami, FL 33166.......................... 305-526-7425 305-526-7435 Chicago........................................ Suite 2440, 55 W. Monroe St., Chicago, IL 60603........................ 312-353-8081 312-353-8098 Houston........................................ Suite 585, 1880 S. Dairy Ashford II, Houston, TX 77077................. 281-589-8182 281-589-8184 Los Angeles.................................... Suite 1670, 1 World Trade Ctr., Long Beach, CA 90831................... 562-980-4580 562-980-4590 -------------------------------------------------------------------------------------------------------------------------------------------------------- For further information, contact the Export-Import Bank, Business Development Office, 811 Vermont Avenue NW., Washington, DC 20571. Phone, 202-565-3900; or 800-565-EXIM (3946) (toll-free). Internet, http:// www.exim.gov/. ------------------------------------------------------------------------