Export-Import Bank Act of 1945: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-ninth Congress, First Session, on H.R. 3464 and H.R. 3490, Superseded by H.R. 3771, a Bill to Provide for Increasing the Lending Authority of the Export-Import Bank of Washington, and for Other Purposes. July 11 and 12, 1945 ...U.S. Government Printing Office, 1945 - 90 lappuses |
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ACHESON agency American Bankers Association appointed assist Bank of Washington BANKING AND CURRENCY Belgium believe bill Board of Directors board of trustees borrower Bretton Woods agreement BUFFETT BURGESS capital stock CHAIRMAN commercial banks committee Congress Congressman correct CRAWFORD CROWLEY endorsed enemy countries equipment export trade Export-Import Bank foreign countries Foreign Economic Administration foreign governments funds GAMBLE give going guarantee Import Bank increase International Bank investments investors issued Johnson Act June 15 June 30 legislation lend-lease aid lending authority materials ment Miss SUMNER MONRONEY obligations participate payment percent Poland preferred stock President private bank private capital private loans purchase purpose question Reconstruction Finance Corporation record rehabilitation repeal Republic reverse lend-lease Russia Secretary securities statement TALLE TAYLOR thing tion Total Past operations transaction Treasury understand United WOLCOTT
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6. lappuse - The Secretary of the Treasury, in his discretion, is authorized to purchase any obligations of the Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of the Corporation's obligations hereunder.
4. lappuse - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on...
6. lappuse - ... transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under that Act, as amended, are extended to include any purchases of such notes and obligations.
5. lappuse - 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.
4. lappuse - The Secretary of the Treasury is authorized and directed to purchase any obligations of the Corporation to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
2. lappuse - ... may elect a successor to hold office for the unexpired portion of the term of the director whose place shall be vacant, and until the election of a successor.
5. lappuse - ... (e) No director, officer, attorney, agent, or employee of the bank shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting his personal interests, or the interests of any corporation, partnership, or association in which he is directly or indirectly personally interested.
7. lappuse - The Export-Import Bank of Washington shall transmit to the Congress semiannually a complete and detailed report of its operations. The report shall be as of the close of business on June 30 and December 31 of each year. SEC. 10. Section 9 of the Act of January 31, 1935 (49 Stat. 4, ch. 2), as amended, is repealed. SEC. 11.
5. lappuse - The President shall from time to time designate one of the members of the Council to preside over meetings of the Council during the absence, disability, or unavailability of the Chairman.
6. lappuse - SEC. 2. The corporation shall have capital stock of $500,000,000, subscribed by the United States,- payment for which shall be subject to call in whole or in part by the board of directors of the corporation.