Foreign Relations of the United States, 1946, General; the United Nations, Volume I

Department of State National Advisory Council Files

Memorandum by the Chairman of the Export-Import Bank ( Martin ) to the National Advisory Council ⁴⁶

NAC–119

[ Washington ,] April 25, 1946.

Status of Export-Import Bank Funds as of April 24, 1946

(In millions of dollars)

1. Outstanding loans as of 4/24/46	459.0
2. Undisbursed commitments as of 4/24/46	1,536.4
3. Total loans and commitments as of 4/24/46	1,995.4
4. Loans authorized by Board of Directors not yet entered on books of Bank as of 4/22/46
a. Republic of China (4/9/46) 500.0 b. Ferrocarril de Antioqia (4/17/46) .3 c. Provisonal Government of Poland (4/23/46) 40.0	540.3
5. Total loans, commitments, and new authorizations	2,535.7
6. Uncommitted lending authority as of 4/24/46 (3,500 less 2,535.7)	964.3
7. Potential additions to Export-Import Bank funds through 6/30/46
a. Private participation in Netherlands credit (estimated) 100.0 b. Anticipated repayments and cancellations (estimated) 100.0	200.0
8. Uncommitted lending authority adjusted to 6/30/46	1,164.3
9. Prospective demands on Export-Import Bank
a. Approved by NAC for consideration of Bank Czechoslovakia 50.0 Netherlands 50.0 Total 100.0 b. Under consideration by NAC or Special Committee France 500.0 Italy 100.0 Turkey 25.0 Total 625.0 c. Included in illustrative allocation of Export-Import Bank funds in connection with NAC statement on foreign loan policy but not under active consideration Belgium 50.0 Denmark 50.0 Finland 30.0 Greece 50.0 Norway 50.0 U.S.S.R. 1,000.0 Yugoslavia 50.0 Philippines 50.0 India 50.0 Latin America 200.0 Other countries and other programs 400.0 Total 1,985.0 [sic] Grand Total	2,710.0
10. Calculated deficiency in Export-Import Bank funds (2,710.0 less 1164.3)	1,546.0

46. Circulated to the Council by its Secretary (Coe) for discussion at the meeting scheduled for April 25.