500,000.00

225, 961.05

69,094. 20 156,866.85

157 Feb. 27, 1937 | American Car & Foundry | Railway equip

payable in quarterly installments отег 3-уеаr period. Do.

1 Repayable in semiannual installments over period of 5 years.

Purchases from 174 American firms have been financed to date under the above credit, project 210.

3 Balance of commitment canceled.

In addition to the foregoing, the Export-Import Bank has agreed to consider applications from American firms for financing equipment, products, and services to the extent of $2,000,000. In addition to the foregoing, the bank has agreed to consider applications from American firms for financing equipment, products, and services to the extent of $3,000,000.

Germany.-The Export-Import Bank, acting on behalf of Farm Credit Administration, negotiated the settlement of a loan of $2,661,309.75 to Deutsche Getreide Handelsgesell$75,000 per month. schaft, m. b. h., upon which payments of principal were in default. Since Jan. 15, 1938, the sum of $1,050,000 has been collected, and the obligation is being reduced at the rate of GENERAL STATEMENT

Total commitments: Since its establishment the Export-Import Bank has made commitments of $250,758,547.38.

885,351.06 were canceled.
Total cancelations: Because the interested American manufacturers were unable to obtain the business or failed to meet the bank's conditions, commitments aggregating $100,-
Total disbursements and repayments: Actual disbursements have amounted to $94,872,971.21 of which $41,319,274.86 has been repaid.

Total outstanding and active commitments: Total loans outstanding are $53,553,696.35, and active commitments are $56,612,945.46.

Dec. 31, 1938, and has funds with which to pay dividends accrued to date.

Earnings: Although the bank did not operate during the first 18 months of its existence, it has paid dividends upon its preferred stock at the rate of 3 percent per annum through Net profit for the fiscal year 1939 was $1,744,630.74.