CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 72-H241-4
 TITLE: To Authorize the U.S. to Provide Additional Financial Resources to
     the Asian Development Bank and the Inter-American Development Bank.
 SOURCE: Committee on Banking, Finance, and Urban Affairs. House
 DOC TYPE: Hearing                   COLLATION: iii+174 p.
 DATE: Oct. 26, 1971
 CONGRESS-SESSION: 92-1              SUDOC: Y4.B22/1:As4/3
 ITEM NO: 1013

 Hearing before the Subcom on International Finance on
 H.R. 5013 (text, p. 2-3), to authorize U.S. contributions to the special
     funds of the Asian Development Bank (ADB); and
 H.R. 5014 (text, p. 3), to authorize payment and appropriation of second
     and third installments of U.S. contribution to Inter-American
     Development Bank (IDB) fund for special operations.
   Includes texts of two special reports of National Advisory Council on
 International Monetary and Financial Policies:
 a. "On the Proposed U.S. Contribution to the Consolidated Special Funds of
     the ADB," House Doc. No. 91-261, Feb. 26, 1970 (p. 5-63); and
 b. "On U.S. participation in a Proposed Replenishment of the Resources of
     the IDB," House Doc. No. 91-344, June 2, 1970 (p. 65-112).
   (For summary of brief items of testimony, see H241-4.2.)
 CONTENT NOTATION: Asian and Inter-Amer Dev Banks, US contribution, FY72-73
     authorization
 DESCRIPTORS (and special content notations): SUBCOM ON INTERNATIONAL
     FINANCE. HOUSE; ASIAN DEVELOPMENT BANK (US contribution to Spec Funds,
     FY72-73 authorization); INTER-AMERICAN DEVELOPMENT BANK (US
     contribution to Spec Ops Fund, FY72-73 authorization);
     FOREIGN.ASSISTANCE; NATIONAL ADVISORY COUNCIL ON INTERNATIONAL
     MONETARY AND FINANCIAL POLICIES
 BILLS: 92 H.R.5013; 92 H.R.5014
 LEGISLATIVE HISTORY OF: P.L.92-245; P.L.92-246

 72-H241-4 TESTIMONY NO: 1          Oct. 26, 1971 p. 113-156
 WITNESSES (and witness notations):
     WALKER, CHARLS E. (Under Sec of Treas); accompanied by PETTY, JOHN
        R. (Asst Sec of Treas for Intl Aff) and COSTANZO, HENRY J. (US
        Exec Dir, Inter-Amer Dev Bank)
 STATEMENT: Support for proposed bills; recommended amendment to H.R. 5014
     to authorize agreement with IDB resolutions for enlarging IDB
     directorship and membership. (p. 113-116)
 DISCUSSION: IDB loan distribution between countries and investment fields;
     Federal deposits in minority owned banks; U.S. policy on property
     expropriated without compensation. (p. 116-156)
 INSERTIONS: Texts of H.R. 5014 amendment and IDB proposed resolutions on
     membership for Canada and other developed countries (p. 118-124).
       Consulting contracts financed by intl financial instns, list (p.
     143-149).
 CONTENT NOTATION: US contributions to Asian and Inter-Amer Dev Banks,
     FY72-73 authorization
 DESCRIPTORS (and special content notations): DEPARTMENT.OF.TREASURY;
     BANKS AND BANKING (Fed deposits in minority banks); CANADA
     (Inter-Amer Dev Bank membership resolutions); EXPROPRIATION (US policy
     on property expropriated without compensation)

 72-H241-4 TESTIMONY NO: 2          Brief Testimony
 WITNESSES (and witness notations):
     CLARK, EARL W. (co-dir from mgmt, Labor Mgmt Maritime Committee, p.
        164-173)
     DANIELIAN, N. R. (pres, Intl Economic Policy Assn, p. 157-163)
 BRIEF ITEMS OF TESTIMONY:
     Recommended constraints on U.S. multilateral lending, in the interests
        of U.S. balance of payments situation.
 CONTENT NOTATION: US contributions to Asian and Inter-Amer Dev Banks,
     FY72-73 authorization
 DESCRIPTORS (and special content notations): LABOR MANAGEMENT MARITIME
     COMMITTEE; INTERNATIONAL ECONOMIC POLICY ASSOCIATION; BALANCE OF
     PAYMENTS (US multilateral assistance constraint recommendations)