Lot 60–D 137: Box 1

Minutes of Fiftieth Meeting of the National Advisory Council on International Monetary and Financial Problems, Washington, January 13, 1947

top secret
  • Present
  • Secretary John W. Snyder (Chairman), Treasury Department
  • Mr. William L. Clayton, State Department
  • Secretary W. Averell Harriman, Commerce Department
  • Mr. Marriner S. Eccles, Board of Governors, Federal Reserve System
  • Mr. William McC. Martin, Jr., Export-Import Bank
  • Mr. Orvis A. Schmidt (Acting Secretary)

1. Reconstruction Loan to Italy

After discussion, the Council accepted the Staff Committee’s recommendation that consideration by the Export-Import Bank of credits to Italy not exceeding $100 million be approved (NAC Document No.2691).

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Action:

The following action was taken:

The National Advisory Council approves the consideration by the Export-Import Bank of credits to Italy not exceeding in the aggregate $100 million.