WORLD BANK

HEARING

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY UNITED STATES SENATE

EIGHTY-THIRD CONGRESS

SECOND SESSION

ON

S. Res. 25 and S. Res. 183

RESOLUTIONS TO AUTHORIZE AND DIRECT A THOROUGH
STUDY OF THE OPERATIONS OF THE EXPORT-IMPORT
BANK AND THE INTERNATIONAL BANK FOR RECONSTRUC-
TION AND DEVELOPMENT AND THEIR RELATIONSHIP TO
EXPANSION OF INTERNATIONAL TRADE

42493

PART 2

JUNE 14, 1954

Printed for the use of the Committee on Banking and Currency

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1954

CONTENTS

Statement of Stambaugh, Lynn U., Deputy Director, accompanied by
Arthur M. Anderson, Acting Secretary and Assistant Treasurer; A. Carl
Cass, Chief Engineering Division; William M. Walker, engineer, Engi-
neering Division; Edward S. Lynch, Chief, Economics Division; and
Victor F. Hasenoehrl, Examiner, Export-Import Bank..
Reports, charts, etc., submitted for the record by-

Export-Import Bank:

Cass, A. Carl, Chief, Engineering Division, and others:

Role of the Engineering Division in the operations of the
Export-Import Bank...

Page

774

Appendixes to memorandum....

840 1149

Darton, Horace L., examiner:

General policy statement of the Export-Import Bank-
Export-Import Bank Act of 1945, as amended..

892

898

Reorganization Plan No. 5 of 1953

901

Public Law 30, 83d Congress_

903

Section 302, Defense Production Act of 1950, as
amended..

904

Section 311, Executive Order 10161.

904

Erickson, Carl E., examiner:

Methods and extent to which commercial banks have sup-
plied funds in connection with credits made by Export-
Import Bank..

886

Possible ways and means to provide funds for Export-Import
Bank operations..

889

944

French, Rodney W., examiner: Foreign government financial aid
to export trade..

Hasenoehrl, Victor F., examiner, business analyst: Importance
of exports in the United States economy and the role of Export-
Import Bank in supporting United States exports--.
Homans, William P., and John C. Schluer, counsel: Independent
corporate status, an essential to a sound lending policy...
Jones, Raymond L., Chief, Examining Division, and assistant

treasurer:

Role of the Examining Division in the Export-Import Bank-
Fields of operation of the Export-Import Bank and World
Bank..

Lynch, Edward S., Chief, Economics Division:

778

905

825

826

Foreign investment and United States foreign trade..........
Role of the Economics Division in the Export-Import Bank.
Role of the Export-Import Bank in fostering the investment
of United States capital abroad.

775

829

830

Export-Import Bank loans through foreign financial agencies
and development corporations.

Redway, Albert J., Chief, Private Capital Participation Division:
Contribution of Export-Import Bank to the flow of private
capital abroad..

832

866

Hotel credits in Latin America

Riddel, James L., examiner: Organization of Export-Import
Bank and expediting loan applications

868

815

Rowntree, Richardson H., economist: Financial assistance by the
Export-Import Bank for the production abroad of essential and
strategic materials.

917

Sauer, Walter C., former vice president: Loan procedures of
Export-Import Bank..

809