News | Board Minutes | 2004

                 EXPORT-IMPORT BANK OF THE UNITED STATES

            SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                             OCTOBER 26, 2004

ITEM NO 1. Request for a new Shipping Finance Program under the Banks current         
Working Capital Guarantee Program.

            Board Decision:  APPROVED

ITEM NO 2. Minutes of October 7, 2004 Board Meeting to be approved.

Board Decision:  APPROVED

ITEM NO 3

Country MEXICO                                 AP080937XX

Request for FINAL COMMITMENT

Applicant      BNP-PARIBAS, NEW YORK NY

Borrower       GRUPO FERROVIARIO MEXICANO,S.A. DE C.V., CIUDAD DE MEXICO,
                  DISTRITO FEDERAL 11700 MEXICO

Guarantor      FERROCARRIL MEXICANO,S.A. DE C.V., CIUDAD DE MEXICO,
                  DISTRITO FEDERAL 11700 MEXICO

Buyer          GRUPO FERROVIARIO MEXICANO,S.A. DE C.V., CIUDAD DE MEXICO,
                  DISTRITO FEDERAL 11700 MEXICO

End-user       FERROCARRIL MEXICANO, S.A. DE C.V., CIUDAD DE MEXICO,
                  DISTRITO FEDERAL 11700 MEXICO

Exporter       GENERAL ELECTRIC COMPANY INC, ERIE PA

Supplier     T D Y INDUSTRIES INC, LA PORTE IN

Supplier     GE HARRIS RAILWAY ELECTRONICS LLC, MELBOURNE FL

Supplier     ADDITIONAL SUPPLIERS

Gteed Lender   BNP-PARIBAS, NEW YORK NY

Project Name  NONE

Project Description RAILWAY TRANSPORTATION

Product Description LOCOMOTIVES

Financed Amount $   39,462,181

Repayment Term  8.5 YEARS

Board Decision APPROVED