Caption: Reorganization Plan #5 submitted by President Eisenhower to Congress. The plan replaced Ex-Im Bank’s Board of Directors with a Managing Director.

Ex-Im Bank History By Month: April

1953: April 30—Three months after taking office, President Dwight Eisenhower submits to Congress a sweeping reorganization plan for Ex-Im Bank. The plan, which becomes law on June 30th, eliminates the 5-member board of directors and creates instead a managing-director. By August of the following year, an Ex-Im Bank Amendment reinstates the full Board of Directors.

1970: PEFCO receives approval of its corporate charter.

1978: The first version of the OECD Arrangement on Guidelines for Officially Supported Export Credits goes into effect.

2004: The first transaction under the $500 million short-term credit insurance facility for the Trade Bank of Iraq, for insect abatement equipment, is announced.
 
Chairmen, Presidents and Directors Sworn-In in April:
1949: Hawthorne Arey, Director
1953: Glen E. Edgerton, Chairman
1986: John A. Bohn, Jr., Chairman
1986: William F. Ryan, Vice Chairman
1994: Maria Luisa Haley, Director
1996: Martin A. Kamarck, Chairman
1997: Rita M. Rodriguez, Acting Chairman
2003: April Foley, Director
2004: Linda Conlin, Director

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