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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release May 6, 1997

       PRESIDENT NAMES JACKIE M. CLEGG AS FIRST VICE PRESIDENT OF 
               THE EXPORT-IMPORT BANK OF THE UNITED STATES

The President today announced his nomination of Jackie M. Clegg as First Vice President and Vice Chairman of the Export-Import Bank of the United States.

In announcing the appointment, President Clinton said: "I am pleased that Jackie Clegg has agreed to continue to serve this Administration at the Export-Import Bank. Her experience and in-depth knowledge of the Export-Import Bank will serve America's businesses and workers well as we seek a broader market for U.S. goods overseas."

Ms. Clegg, of Orem, Utah, currently serves as Vice President for Congressional and External Affairs and Chief of Staff of the Export-Import Bank, where she is a member of the Bank's leadership team charged with the oversight of the Bank and its 430 employees, five regional offices, and annual budget of over $800 million. She was initially appointed to the Export-Import Bank in 1993 as Special Assistant to the Chairman. Prior to joining the Bank, Ms. Clegg served as staff to the Senate Committee on Banking, Housing and Urban Affairs. There she was the principal staff to the Subcommittee on International Finance and Monetary Policy, drafting legislative changes to the Export Administration Act, Export Enhancement Act and the Fair Trade in Financial Services Act. Previously, Ms. Clegg worked as a Legislative Assistant to former Senator Jacob Garn (R-UT). Ms. Clegg received a B.A. from Southern Utah University and an M.A. in National Security Studies from Georgetown University.

The Export-Import Bank facilitates export financing of U.S. goods and services by matching export credit subsidies from foreign governments and by absorbing reasonable credit risks that are beyond the current scope of the private sector. In addition, the Export-Import Bank assists U.S. exporters in obtaining pre-export financing by guaranteeing export-related working capital loans from commercial lenders; guaranteeing loans made by foreign buyers; providing insurance assistance to the export community; and encouraging the purchase of U.S. goods through competitive, fixed-rate loans.

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