Hochberg, 57, takes over as chairman and president of the Export-Import Bank at a time when credit-starved U.S. corporations are looking to the bank for ...
Established: 1934 (as the Export-Import Bank of Washington)
Address: 811 Vermont Ave. NW, Washington, DC 20571
Phone: 202-565-3946
2009 Budget: $456 million
Employment: 368
Web Site: www.exim.gov
Functions: The Export-Import Bank helps finance the overseas sales of U.S. goods and services. It provides guarantees of working-capital loans for U.S. exporters; guarantees the repayment of loans or makes loans to foreign purchasers of U.S. goods and services; and provides credit insurance that protects U.S. exporters against the risks of foreign buyers' nonpayment for political or commercial reasons.
