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1252655
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1/21/76 - Talking Points: Swearing-in Ceremony for Stephen M. DuBrul
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1252655
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document
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1/21/76 - Talking Points: Swearing-in Ceremony for Stephen M. DuBrul
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collections
President's Speeches and Statements Reading Copies (Ford Administration)
Reading Copies of Presidential Speeches and Statements
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Export-Import Bank of the United States. (03/13/1968 - )
Presidential appointments
Speeches, addresses, etc.
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1252655
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21
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1976-01-21
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1976
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21
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1976-01-21
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1
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1976
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The original documents are located in Box 22, "1/21/76 - Talking Points: Swearing-in
Ceremony for Stephen M. DuBrul" of the President's Speeches and Statements: Reading
Copies at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 22 of President's Speeches and Statements: Reading Copies at the Gerald R. Ford Presidential Library
January 21, 1976
THE PRESIDENT HAS SEEN
TALKING POINTS -- SWEARING-IN CEREMONY FOR
STEPHEN M. DuBRUL, JR., JANUARY 22, 1976
I appreciate your willingness to assume this responsibility.
Your talent and your dedication can do much to stabilize our
economy in your service as President and Chairman of the
Export-Import Bank.
The purpose of the Bank is to aid in financing, to facilitate
exports and imports and to assist in the exchange of commodities
between the United States and foreign countries.
The Bank should supplement and encourage but not compete
with private capital:
-- Loans should be for specific purposes and offer
reasonable assurance of repayment
-- financing provided for U.S. exports should be
competitive with the financing provided by the
U.S.'s principal foreign competitors, and
- 2 -
-- in authorizing loans, account should be taken of
the possible adverse effects upon the U.S. economy.
The basic programs of the Bank are direct credits to
borrowers outside the United States, export credit insurance, and
discount loans.
The Bank guarantees repayment to commercial banks
which finance medium-term transactions for exports. The Bank also
issues guarantees to exports covering service contracts, leases,
and special situations.
Steve will be working with the State and Treasury departments
and finance ministers from foreign countries. He is well qualified in
international financing and I know he will do a fine job in this position.
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