Caption: Cecil B. Thompson (center) is sworn in by Ex-Im Bank Chairman John Macomber (right) and accompanied by Vice-Chairman Eugene Lawson (left)

Ex-Im Bank History By Month: March

1934: March 9—The Second Export-Import Bank of Washington is established to lend to Cuba. In July, the lending authority expands to “any part of the world except Russia.”

1940: March 2—The Bank’s lending authority is increased to $200 million during the Russo-Finnish war.

1961: Ex-Im Bank presents its proposal to the National Advisory Council for a program of insurance and guarantees, what would become the Foreign Credit Insurance Association (FCIA).

1973: Two credits are approved to the USSR the same day; $86,450,000 for the Kama River truck plant and $3,101,912 for a tableware and dishware production plant. 

1987: Foreign content standards are set at 50 percent.

Chairmen, Presidents and Directors Sworn-In in March:
1961: Harold F. Linder, Chairman
1961: Charles M. Meriwether, Director
1969: Henry Kearns, Chairman
1974: William J. Casey, Chairman
1978: H. K. Allen, Vice-Chairman
1984: John A. Bohn, Vice-Chairman
1991: Cecil B. Thompson, Director

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