United States
Department of
Agriculture

Foreign
Agricultural
Service

ECG-2-97
February 1997

Monthly Summary of
Export Credit Guarantee
Program Activity

Commodity Credit Corporation's (CCC)
GSM-102/103 and Supplier Credit
Guarantee Programs

...Allocations Announced for Fiscal Year 1997
...Applications for Coverage Under Allocations Announced
...Allocation Balances by Country and Commodity


MONTHLY SUMMARY

This Summary Report shows Fiscal Year (October - September) commitment figures, as of the date indicated, for the Commodity Credit Corporation's (CCC) Export Credit Guarantee Program (GSM-102), the Intermediate Export Credit Guarantee Program (GSM-103) and the Supplier Credit Guarantee Program.

CAUTIONARY INFORMATION ON USE OF THIS REPORT

The enclosed tables reflect only exporter applications for guarantees which have been entered into the GSM-102/103 computerized System. At any given time, exporter applications are in process, and not all of those received (e.g., by facsimile) have been entered into the System. Moreover, all applications are initially entered into the System on a provisional basis until price review has been completed, the guarantee fee has been received, and the written guarantee has been issued. Thus, some applications now in the System may in the future be removed, and the commodity balances correspondingly increased. Users of this Report should be aware of these characteristics/limitations of the enclosed tables.

Additionally, users should be aware that the footnotes placed in the tables are intended only to highlight certain items which need to be interpreted with additional information. The footnotes are indicative only and not a substitute for the actual provisions of program announcements.


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance    1/ 2/
                    --coverage in millions of dollars--
Andean Region           200.00           59.30        140.70      7/8/
   Animal Feed Products (36)              0.00
   Barley Malt (36)                       0.00
   Cotton (36)                            5.80
   Cotton Fabrics (36)                    0.00                    5/
   Cotton Yarn (36)                       0.00                    5/
   Dairy Products (36)                    0.20
   Feed Grains (36)                      21.50
   Fish (Fresh, Chilled, Frozen,
      Canned) (36)                        0.00
   Fruit,  Dried (36)                     0.80
   Fruit,  Fresh (36)                     0.00
   Fruit,  Frozen (36)                    0.00                    5/
   Livestock, Breeder (36)                0.00                    4/
   Meat, Frozen or Chilled (36)           0.00
   Oilseeds (36)                          7.40
   Planting Seeds (36)                    0.00
   Potatoes (36)                          0.00
   Poultry Breeder Stock (36)             0.20                    4/
   Protein Meals (36)                     4.80
   Pulses (36)                            0.00
   Rice (36)                              0.00
   Shellfish(Fresh, Chilled, Frozen,
      or Canned (36)                      0.00
   Tallow; Grease; Lard (36)              0.20
   Tomato Paste (36)                      0.00
   Tree Nuts (36)                         0.00
   Vegetable, Dried (36)                  0.00
   Vegetable Oils (36)                    0.30
   Wheat;Wheat Flour;Semolina(36)        16.00
   Wood Products, Solid(720 Days)         0.00
   Wood Pulp; Wood Chips
     (720 Days)                           2.10
   Wool; Mohair (36)                      0.00

Brazil                   75.00           18.70         56.30       9/
   Barley Malt (12)                       0.00
   Cotton  (12)                          12.40
   Cotton Fabrics (12)                    0.00                     5/
   Cotton Yarn (12)                       0.00                     5/
   Dog and Cat Food, 
     Commercially Prepared (12)           0.00
   Feed Grains (12)                       0.00
   Fruit, Fresh (12)                      4.60
   Hops; Hops Extract (12)                0.00                            
   Livestock, Breeder  (36)               0.00                     4/
   Meat, Frozen or Chilled (12)           0.00
   Peanuts (12)                           0.00
   Potatoes (12)                          0.00
   Poultry Breeder Stock (36)             1.70                     4/


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance        1/ 2/
                    --coverage in millions of dollars--
Brazil Cont.
   Pulses (12)                            0.00
   Rice (12)                              0.00
   Tallow; Grease; Lard (12)              0.00
   Tomato Paste (12)                      0.00
   Vegetables, Dried               
      (Onions and Garlic) (12)            0.00
   Wheat; Wheat Flour;
       Semolina (12)                      0.00

Bulgaria                 10.00          0.00           10.00     10/         
   Feed Grains (12)                       0.00
   Fish (Fresh, Chilled, Frozen,
     and Canned) (12)                     0.00
   Oilseeds (12)                          0.00 
   Protein Meals (12)                     0.00
   Shellfish (Fresh, Chilled, Frozen,
      and Canned) (12)                    0.00
   Wheat; Wheat Flour;
     Semolina (12)                        0.00
   Wood Products, Solid (12)              0.00

Central America Region   40.00           24.60           15.40     11/
   Animal Feed Products (36)              0.00
   Aquaculture Feed (Shrimp 
     and Fish) (36)                       0.00
   Barley Malt (36)                       0.00
   Cotton (36)                           14.60
   Cotton Fabrics (36)                    0.00                     5/   
   Cotton Yarn (36)                       0.00                     5/
   Dairy Products (36)                    0.00
   Feed Grains (36)                       5.40
   Livestock , Breeder (36)               0.00                     4/
   Meat, Frozen or Chilled (36)           0.00
   Oilseeds (36)                          0.00
   Planting Seeds (36)                    0.00
   Potatoes (36)                          0.00
   Poultry Breeder Stock (36)             0.00                     4/
   Protein Meals (36)                     3.10
   Pulses (36)                            0.90
   Rice (36)                              0.00
   Tallow; Grease; Lard (36)              0.00
   Vegetable Oils (36)                    0.60
   Wheat; Wheat Flour;
     Semolina  (36)                       0.00
   Wood Products, Solid
     (720 Days)                           0.00     
   Wood Pulp; Wood Chips 
     (720 Days)                           0.00



Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance    1/ 2/
                    --coverage in millions of dollars--
China                   100.00            5.10         194.90
   Animal Feed Products (36)              0.00
   Cotton (36)                            5.10
   Crustaceans (Fresh, Frozen or
      Canned) (36)                        0.00
   Feed Grains (36)                       0.00
   Fish (Fresh, Froz. or Cnd.)(36)        0.00
   Fruit, Fresh (Apples and
     Cherries) (36)                       0.00
   Hides; Skins; Leather; 
     Fur Skins (36)                       0.00                    
          6/
   Hops; Hops Extract (36)                0.00
   Meat, Frozen or Chilled (36)           0.00
   Oilseeds (36)                          0.00
   Planting Seeds (36)                    0.00
   Potatoes (36)                          0.00
   Protein Meals (36)                     0.00
   Pulses (36)                            0.00
   Rice (36)                              0.00
   Tallow; Grease; Lard (36)              0.00
   Vegetable Oils (36)                    0.00
   Wheat; Wheat Flour;
   Semolina (36)                          0.00
   Wood Products, Solid               
     (720 Days)                           0.00
   Wood Pulp; Wood Chips 
     (720 Days)                           0.00
   Wool; Mohair (36)                      0.00
Croatia                 12.00             4.30        7.70       12/
   Cotton (24)                            0.00
   Cotton Fabrics (24)                    0.00                    5/
   Cotton Yarn (24)                       0.00                    5/
   Feed Grains  (24)                      0.00
   Hides; Skins; Leather;                                      
     Furskins (24)                        0.00                    6/
   Livestock, Breeder (24)                0.00                    4/
   Meat,  Frozen or Chilled  (24)         4.30
   Nutritional Beverage 
      Preparations (24)                   0.00
   Oilseeds (24)                          0.00
   Planting Seeds (24)                    0.00
   Poultry Breeder Stock  (24)            0.00                    4/
   Protein Meals (24)                     0.00
   Pulses (24)                            0.00
   Rice (24)                              0.00
   Vegetable Oils (24)                    0.00
   Wheat; Wheat Flour;
      Semolina (24)                       0.00
   Wood Products, Solid
     (720 Days)                           0.00
   Wool; Mohair  (24)                     0.00


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance    1/ 2/
                    --coverage in millions of dollars--
Czech Republic           10.00            0.00        10.00
   Cotton (36)                            0.00
   Feed Grains  (36)                      0.00
   Fruit, Fresh (36)                      0.00
   Hides; Skins; Leather;
     Furskins (36)                        0.00                    6/
   Livestock, Breeder (36)                0.00                    4/
   Nutritional Beverage
     Preparations (36)                    0.00
   Oilseeds (36)                          0.00
   Planting Seeds (36)                    0.00
   Potatoes (36)                          0.00             
   Protein Meals (36)                     0.00
   Pulses (36)                            0.00
   Rice (36)                              0.00
   Wheat; Wheat Flour;
     Semolina (36)                        0.00
   Wood Products, Solid
     (720 Days)                           0.00
   Wool; Mohair  (36)                     0.00

East Africa Region      35.00             8.80        6.20       13/4/
   Barley Malt (12)                       0.00
   Dairy Products (12)                    0.00
   Feed Grains (12)                       3.90
   Fish (Fresh, Chilled, Frozen or
     Canned) (12)                         0.00
   Livestock, Breeder (12)                0.00                    4/
   Meat, Frozen or Chilled (12)           0.00
   Oilseeds (12)                          1.80
   Planting Seeds (12)                    0.00
   Potatoes (12)                          0.00
   Poultry Breeder Stock (12)             0.00                    4/
   Pulses (12)                            0.00
   Rice (12)                              0.00
   Shellfish (Fresh, Chilled,
     Frozen and Canned)(12)               0.00
   Tallow; Grease; Lard (12)              0.00
   Tree Nuts (12)                         0.00
   Vegetable Oil (12)                     0.00
   Wheat; Wheat Flour;
     Semolina (12)                        3.10
   Wood Products, Solid (12)              0.00
   Wood Pulp; Wood Chips (12)             0.00


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance    1/ 2/
                    --coverage in millions of dollars--
East Caribbean Region   50.00            21.10       28.90       14/
   Animal Feed Products (36)              0.00
   Barley Malt (36)                       0.00
   Cotton Fabrics (36)                    0.00                    5/
   Cotton Yarn (36)                       0.00                    5/
   Eggs, Table (36)                       2.20
   Feed Grains (36)                       0.00
   Fruit, Fresh (36)                      0.00
   Livestock, Breeder (36)                0.00                    4/
   Meat, Frozen or Chilled (36)           0.00
   Oilseeds (36)                          2.40
   Poultry Breeder Stock  (36)            0.00                    4/
   Protein Meals (36)                     0.00
   Rice (36)                              7.00
   Tallow; Grease; Lard (36)              0.00
   Vegetable Oils (36)                    0.00
   Wheat; Wheat Flour;
     Semolina (36)                        9.50
   Wood Products, Solid 
     (720 Days)                           0.00
   Wood Pulp; Wood Chips
     (720 Days)                           0.00

Egypt                   100.00           77.30       22.70      15/
   Animal Feed Products (12)              0.00
   Cotton Fabrics (12)                    0.00                   5/
   Cotton Yarn (12)                       0.00                   5/
   Dairy Products (12)                    1.00
   Feed Grains (12)                      67.60
   Fish (Fresh, Frozen or
    Canned (12)                           0.00
   Fruit, Fresh (12)                      0.00
   Meat, Frozen or Chilled (12)           0.00
   Oilseeds (12)                          0.00
   Planting Seeds (12)                    0.00
   Potatoes (12)                          0.00
   Protein Meals (12)                     2.90
   Tallow; Grease; Lard (12)              0.00
   Vegetable Oils (12)                    0.00
   Wheat; Wheat Flour;
     Semolina (12)                        5.80
   Wood Products, Solid (12)              0.00
   Wood Pulp; Wood Chips (12)             0.00                               
Sub-Total ...           99.00            77.30        21.70

Livestock,  Breeder (24) 1.00             0.00         1.00      4/
Sub-Total ...            1.00             0.00         1.00

Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance    1/ 2/
                    --coverage in millions of dollars--
Estonia                  6.00             0.00         6.00
   Cotton (24)                            0.00
   Feed Grains (24)                       0.00
   Hides; Skins; Leather;
     Furskins (24)                        0.00                    6/
   Livestock, Breeder (24)                0.00                    4/
   Meat, Frozen or Chilled (24)           0.00
   Nutritional Beverage
     Preparations (24)                    0.00
   Planting Seeds  (24)                   0.00
   Protein Meals  (24)                    0.00
   Rice  (24)                             0.00
   Vegetable Oil (24)                     0.00
   Wheat; Wheat Flour;
     Semolina (24)                        0.00
India                   15.00             0.00        15.00
   Cotton (36)                            0.00
   Dairy Products (36)                    0.00
   Feed Grains (36)                       0.00
   Fruit, Dried (36)                      0.00
   Livestock, Breeder (36)                0.00                    4/
   Oilseeds (36)                          0.00
   Planting Seeds (36)                    0.00
   Pulses (36)                            0.00
   Tree Nuts (36)                         0.00
   Vegetable Oils  (36)                   0.00
   Wheat (36)                             0.00
   Wood Products, Solid 
     (720 Days)                           0.00
   Wood Pulp; Wood Chips
     (720 Days)                           0.00
   Wool; Mohair (36)                      0.00
Indonesia                100.0           61.70        38.30
   Barley Malt (36)                       0.00
   Brine Shrimp eggs (36)                 0.00
   Cotton (36)                            6.80
   Cotton Fabrics (36)                    0.00                    5/
   Cotton Yarns (36)                      0.00                    5/
   Feed Grains (36)                       0.00
   Fish, Frozen or Chilled (36)           0.00
   Fruit, Fresh (36)                      0.00
   Fruit, Dried (36)                      0.00
   Hides and Skins (36)                   0.00
   Livestock, Breeder (36)                0.00                    4/
   Meat, Frozen or Chilled (36)           0.00
   Oilseeds (36)                         54.90
   Planting Seeds (36)                    0.00
   Potatoes (36)                          0.00
   Poultry Breeder Stock (36)             0.00                    4/
   Protein Meals (36)                     0.00
   Pulses (36)                            0.00
   Rice (36)                              0.00
   Tree Nuts (36)                         0.00
   Wheat; Wheat Flour;
     Semolina (36)                        0.00
   Wood Products, Solid
     (720 Days)                           0.00
   Wool; Mohair (36)                      0.00

Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance     1/ 2/
                    --coverage in millions of dollars--
Jordan                  40.00             5.80        34.20        16/
   Feed Grains  (36)                      5.80
   Wheat  (36)                            0.00

Korea                  154.00             2.70       151.30
   Feed Grains (4)                        0.00
   Hides; Skins; Leather;
     Furskins (4)                         0.00                     6/
   Oilseeds  (4)                          0.00
   Vegetable Oils (4)                     0.00
   Wheat; Wheat Flour;  
     Semolina  (4)                           0.00          
Sub-Total ...           78.00             0.00        78.00

Cotton  (6)             76.00             2.70        73.30
Sub-Total ...           76.00             2.70        73.30

Latvia                   6.00             0.00         6.00      17/
   Cotton (12)                            0.00
   Cotton Fabrics (12)                    0.00                    5/
   Cotton Yarn (12)                       0.00                    5/
   Feed Grains (12)                       0.00
   Hides; Skins; Leather                                       
     Furskins (12)                        0.00                    6/
   Livestock, Breeder (12)                0.00                    4/   
   Meat, Frozen or Chilled (12)           0.00
   Nutritional Beverage
     Preparations (12)                    0.00
   Protein Meals (12)                     0.00
   Planting Seeds (12)                    0.00
   Rice (12)                              0.00
   Vegetable Oil (12)                     0.00
   Wheat; Wheat Flour;
    Semolina (12)                         0.00

Lithuania                1.50             0.00         1.50      18/
   Cotton  (12)                           0.00
   Feed Grains (12)                       0.00
   Hides; Skins; Leather;
     Furskins (12)                        0.00                    4/
   Livestock, Breeder  (12)               0.00                    4/
   Meat, Frozen or Chilled  (12)          0.00
   Nutritional Beverage
     Preparations (12)                    0.00
   Oilseeds  (12)                         0.00
   Planting Seeds (12)                    0.00
   Protein Meals  (12)                    0.00
   Rice  (12)                             0.00
   Wool; Mohair  (12)                     0.00


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance     1/ 2/
                    --coverage in millions of dollars--
Mexico                   800.00         480.40       319.60  19/
   Animal Feed Products (24)              0.30
   Barley Malt (24)                       0.00
   Corn Products  (24)                    1.20
   Cotton (24)                          106.90
   Cotton Fabrics (24)                    0.00                   5/
   Cotton Yarn (24)                       0.00                   5/
   Dairy Products (24)                    0.00
   Eggs, Table (24)                       0.00
   Feed Grains (24)                      98.20
   Fish, Fresh or Frozen  (24)            0.00
   Fruit,  Fresh (24)                     0.00
   Hay (24)                               0.00
   Hides; Skins; Leather  (24)            0.00                   6/
   Hops; Hops Extract  (24)               0.00
   Meat, Frozen or Chilled (24)          20.50
   Oilseeds (24)                        125.10
   Planting Seeds (24)                    0.00
   Potatoes (Cut and Frozen for
     French Fries)  (24)                  0.00
   Poultry Breeder Stock (24)             0.40
   Protein Meals (24)                    15.70
   Pulses (24)                            0.00
   Rice (24)                              1.60
   Soybean Hull Pellets  (24)             0.00
   Tallow; Greases; Lard (24)             7.00
   Tree Nuts (24)                         0.00
   Vegetable Oils (24)                   33.10
   Wheat; Wheat Flour; 
     Semolina (24)                       62.30
   Wood Products, Solid
     (720 Days)                           0.00
   Wood Pulp;  Wood Chips 
     (720 Days)                           8.10
   Wool; Mohair (24)                      0.00

Morocco                10.00                 0.00         10.00
   Cotton  (36)                              0.00
   Cotton Fabrics (36)                       0.00                     5/
   Cotton Yarns (36)                         0.00                     5/
   Feed Grains (36)                          0.00
   Livestock, Breeder  (36)                  0.00                     4/
   Oilseeds  (36)                            0.00
   Planting Seeds (36)                       0.00
   Protein Meals  (36)                       0.00
   Pulses (36)                               0.00
   Vegetable Oils (36)                       0.00
   Wheat; Wheat Flour;
     Semolina (36)                           0.00
   Wood Pulp (720 Days)                      0.00


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance     1/ 2/
                    --coverage in millions of dollars--
Pakistan                 174.00       121.60        52.40        21/
   Cotton (36)                          0.00
   Feed Grains (36)                     0.00
   Livestock, Breeder (36)              0.00                      4/
   Oilseeds (36)                        0.00
   Pulses (36)                          0.00
   Vegetable Oils (36)                  0.00
   Wheat; Wheat Flour;
    Semolina (36)                     121.60
   Wood Pulp; Wood Chips
     (720 Days)                         0.00

Papua New Guinea         1.00           0.00        1.00         22/
   Feed Grains (12)                     0.00
   Rice (12)                            0.00
   Vegetables, Canned (12)              0.00
   Wheat; Wheat Flour;
     Semolina (12)                      0.00

Poland                       25.00      0.00         25.00        4/
   Cotton (36)                          0.00
   Cotton Fabrics (36)                  0.00                      5/
   Cotton Yarn (36)                     0.00                      5/
   Feed Grains (36)                     0.00
   Fish (Fresh, Frozen or
     Canned) (36)                       0.00
   Hides; Skins; Leather;
     Furskins (36)                      0.00                      6/
   Livestock, Breeder (36)              0.00
   Meat, Frozen or Chilled (36)         0.00
   Nutritional Beverage
     Preparations (36)                  0.00
   Oilseeds (36)                        0.00
   Planting Seeds (36)                  0.00
   Potatoes (36)                        0.00
   Protein Meals (36)                   0.00
   Rice (36)                            0.00
   Wheat; Wheat Flour;
     Semolina (36)                      0.00
   Wood Products, Solid         
    (720 Days)                          0.00

Russia              50.00              26.50        23.50       24/
   Animal Feed Products (12)            0.00      
   Barley Malt  (12)                    0.00
   Cotton (12)                          0.00
   Cotton Fabrics (12)                  0.00                 5/
   Cotton Yarn (12)                     0.00                 5/
   Dairy Products (12)                  0.40
   Feed Grains (12)                     6.60
   Fish, Fresh, Frozen or
     Canned (12)                        0.00
   Fruits, Canned (12)                  0.06                 5/
   Fruits, Fresh  (12)                  0.60
   Fruits, Frozen (12)                  0.00                 5/




Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance     1/ 2/
                    --coverage in millions of dollars--
Russia Cont.
   Hops; Hop Extract  (12)              0.00
   Hides; Skins; Leather;
     Furskins (12)                      0.00                6/
   Livestock, Breeder (12)              0.00                4/
   Meat, Frozen or Chilled (12)         6.20
   Meat, Processed Products (12)        5.60                5/
   Nutritional Beverage
     Preparations (12)                  0.00
   Oilseeds  (12)                       0.00
   Orange Juice Concentrate,            
     Frozen (12)                        0.00
   Planting Seeds (12)                  1.70
   Potatoes (12)                        0.00
   Protein Meals (12)                   0.00
   Poultry Breeder Stock (12)           0.00                4/
   Pulses (12)                          0.00
   Rice (12)                            0.00
   Soup, Dehydrated Instant (12)        0.00                5/
   Soybean Hull Pellets  (12)           0.00
   Tallow; Grease; Lard (12)            0.00
   Tree Nuts (12)                       0.00
   Vegetable Oils (12)                  0.40
   Vegetables, Canned (12)              0.06
   Vegetables, Fresh (12)               0.00
   Vegetables, Frozen (12)              0.08
   Wheat; Wheat Flour;                  
     Semolina (12)                      4.80
   Wool; Mohair (12)                    0.00

Slovakia            10.00               0.00      10.00
   Cotton (36)                          0.00
   Cotton Fabrics (36)                  0.00                5/
   Cotton Yarn (36)                     0.00                5/
   Feed Grains (36)                     0.00
Hides; Skins; Leather;
   Furskins (36)                        0.00                6/
   Livestock, Breeder (36)              0.00                
   Nutritional Beverage
     Preparations (36)                  0.00                
   Oilseeds (36)                        0.00
   Orange Juice Concentrate,            
      Frozen (36)                       0.00
   Planting Seeds (36)                  0.00
   Protein Meals (36)                   0.00
   Rice (36)                            0.00
   Wheat;Wheat Flour;Semolina(36)       0.00




Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received        Balance     1/ 2/
                    --coverage in millions of dollars--
Slovenia            35.00               7.00      28.00
   Cotton (36)                          0.00
   Cotton Fabrics (36)                  0.00                5/
   Cotton Yarn (36)                     0.00                5/
   Feed Grains (36)                     0.00                     
   Hides; Skins; Leather;
      Furskins (36)                     5.40                6/
   Livestock, Breeder (36)              0.00                4/
   Nutritional Beverage
      Preparations (36)                 0.00
   Oilseeds (36)                        0.00
   Protein Meals (36)                   1.60
   Rice (36)                            0.00
   Wheat; Wheat Flour;
      Semolina (36)                     0.00
   Wood Products, Solid
     (720 Days)                         0.00
   Wool; Mohair (36)                    0.00

Southern Africa Region   50.00          0.00          50.00
   Barley Malt (36)                     0.00
   Dairy Products (36)                  0.00
   Feed Grains (36)                     0.00
   Fish (Fresh, Chilled, Frozen or
     Canned) (36)                       0.00
   Meat, Frozen or Chilled (36)         0.00
   Oilseeds (36)                        0.00
   Potatoes (36)                        0.00
   Pulses (36)                          0.00
   Rice (36)                            0.00
   Shellfish (Fresh, Chilled,
     Frozen and Canned)(36)             0.00
   Tallow; Grease; Lard (36)            0.00
   Tree Nuts (36)                       0.00
   Vegetable Oil (36)                   0.00
   Wheat;Wheat Flour;
     Semolina (36)                      0.00
   Wood Products, Solid 
     (720 Days)                         0.00
   Wood Pulp;  Wood Chips
      (720 Days)                        0.00


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received    Balance    1/ 2/
                    --coverage in millions of dollars--
Tunisia             30.00               2.60           27.40
   Cotton (36)                          1.80
   Cotton Fabrics (36)                  0.00                5/
   Cotton Yarn (36)                     0.00                5/
   Dairy Products (36)                  0.80
   Feed Grains (36)                     0.00
   Hides; Skins; Leather (36)           0.00                6/
   Livestock, Breeder (36)              0.00                4/
   Meat, Frozen or Chilled (36)         0.00
   Planting Seeds (36)                  0.00
   Protein Meals (36)                   0.00
   Tree Nuts (36)                       0.00
   Vegetable Oils (36)                  0.00
   Wood Products, Solid
     (720 Days)                         0.00
   Wood Pulp; Wood Chips
     (720 Days )                        0.00
Sub-Total           20.00               0.00      17.4

Vegetable Oils (36) 10.00               0.00      10.00     25/
Sub-Total ...       10.00               0.00      10.00

Turkey             100.00              73.20          26.80
   Animal Feed Products (36)            0.00
   Beef Fat; Tallow; Grease (36)        2.20
   Cotton (36)                         20.10
   Cotton Yarn (36)                     0.00                5/
   Cotton Fabrics (36)                  0.00                5/
   Dairy Products (36)                  0.00
   Feed Grains (36)                     9.20
   Feeder Cattle (36)                   0.00                4/
   Fish (Fresh, Frozen or
      Canned)  (36)                     0.00
   Hides; Skins; Leather (36)           0.00                6/
   Livestock, Breeder (36)              0.00                4/
   Meat, Frozen or Chilled (36)         0.00
   Oilseeds (36)                       10.80
   Planting Seeds (36)                  0.00
   Poultry Breeder Stock (36)           0.00                4/
   Protein Meals (36)                  13.80
   Rice (36)                            6.00
   Vegetable Oils (36)                  2.00
   Wheat; Wheat Flour;
      Semolina (36)                     9.10
   Wood Products, Solid 
      (720 Days)                        0.00


Summary of FY 97 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received   Balance        1/ 2/
                    --coverage in millions of dollars--
West Africa Region  50.00               0.80      49.20          4/
   Dairy Products (12)                  0.00
   Feed Grains (12)                     0.00
   Meat, Frozen or Chilled (12)         0.00
   Nutritional Beverage
     Preparations (12)                  0.00
   Oilseeds  (12)                       0.00
   Protein Meals (12)                   0.00
   Rice (12)                            0.00
   Vegetable Oils (12)                  0.00
   Wheat; Wheat Flour;  
     Semolina  (12)                     0.80
Sub-Total           48.5                0.08      47.70          

Livestock Breeder (36)   1.50           0.00       1.50
Sub-Total ...           48.50           0.80      47.70

West Caribbean Region    40.00          5.10      34.90          27/
   Animal Feed Products (18)            0.00
   Aquaculture Feed  (Shrimp
      and Fish)  (18)                   0.00
   Barley Malt Extract (18)             0.00
   Cotton (18)                          0.00
   Cotton Fabrics (18)                  0.00                5/
   Cotton Yarn (18)                     0.00                5/
   Dairy Products (18)                  0.00
   Feed Grains (18)                     0.50
   Livestock, Breeder (18)              0.00                4/
   Meat, Frozen or Chilled (18)         0.10
   Oilseeds (18)                        0.00
   Poultry Breeder Stock (18)           0.00                4/
   Protein Meals (18)                   2.30
   Vegetable Shortening (18)            0.00
   Rice (18)                            0.00
   Vegetable Oil  (18)                  0.90
   Wheat; Wheat Flour;
      Semolina (18)                     0.00
   Wood Products, Solid (18)            1.30
   Wood Pulp; Wood Chips (18)           0.00


TOTAL FOR GSM-102        2,329.50       1,006.60  1,322.90
For Comparison Purposes: FY 1996 Payment Guarantee Commitments through
February 2, 1996.

TOTAL FOR GSM-102        2,773.00       1,470.90  1,302.10



Summary of FY 97 Export Credit Guarantee Program Activity for GSM-103 as of
close of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received   Balance        1/ 2/
                    --coverage in millions of dollars--
Central American Region 10.00           0.00      10.00
   Livestock, Breeder (7 years)         0.00                4/

China                    2.00           0.00       2.00
   Livestock, Breeder (7 years)         0.00                4/

Indonesia           10.00               0.00      10.00          
   Livestock, Breeder (7 years)         0.00                4/

Lebanon              6.00               0.00       6.00
   Livestock, Breeder (7 years)         0.00                4/

Mexico              125.00              2.00      123.00
   Livestock, Breeder (7 years)         2.00

Morocco             90.00               0.00      90.00
   Feed Grains (7 years)                0.00
   Wheat; Wheat Flour;        
      Semolina (7 years)                0.00

Peru                5.00                0.00      5.00      23/
   Livestock, Breeder (5 years)         0.00                 4/

Poland              5.00                0.00      5.00
   Livestock, Breeder (5 years)         0.00                 4/

South Africa        50.00               0.00      50.00
   Barley Malt (7 years)                0.00
   Feed Grains (7 years)                0.00
   Livestock, Breeder (7 years)         0.00                 4/
   Oilseeds (7 years)                   0.00
   Protein Meals (7 years)              0.00
   Vegetable Oils (7 years)             0.00
   Wheat; Wheat Flour; 
      Semolina (7 years)                0.00

Tunisia             40.00               0.00      40.00     26/
   Feed Grains (7 years)                0.00
   Wheat; Wheat Flour;
      Semolina (7 years)                0.00

Turkey              10.00               0.00      10.00
   Feeder Cattle (7 years)              0.00                 4/
   Livestock, Breeder  (7 years)        0.00                 4/
   Poultry Breeder Stock           
   (7 years)                            0.00                 4/



TOTAL FOR GSM-103     353.00            2.00      351.00
For Comparison Purposes: FY 1996 Payment Guarantee Commitments through
February 2, 1996.


TOTAL FOR GSM-103     380.00           85.70       294.30

Summary of FY 97 Supplier Credit Guarantee Program (SCGP) Activity as of close
     of business:
                           January 31, 1997
                                                                               
                         Announced      Exporter            Remarks/Additional 
Country / Commodity     Allocations    Applications            Information
(Maximum Credit Period 3/)FY 1997      Received   Balance        1/ 2/
                    --coverage in millions of dollars--
Guatemala           10.00               2.10      7.90      4/
   Fruit, Fresh (90)                    0.00
   Potatoes (90)                        0.00
   Meat, Frozen or Chilled (90)         2.10

Mexico              30.00               0.06      29.94          20/
   Commercially Prepared,
      Dog and Cat Food (90)             0.00
   Dairy Products (90)                  0.00
   Fruit, Canned (90)                   0.00
   Fruit, Dried (90)                    0.00                5/
   Fruit, Fresh (90)                    0.06
   Ice Cream (90)                       0.00                5/
   Lecithin (90)                        0.00
   Meat, Processed Products (90)        0.00                5/
   Planting Seeds (90)                  0.00                
   Potatoes (90)                        0.00
   Pulses (90)                          0.00
   Soybean Protein,                
    Processed Products (90)             0.00
   Tree Nuts (90)                       0.00
   Vegetables, Canned (90)              0.00
   Vegetables, Fresh (90)               0.00
   Vegetables, Frozen (90)              0.00
   Vegetable Oil (90)                   0.00
   Wine; Brandy (90)                    0.00



TOTAL FOR SCGP              40.00        2.16           37.84
TOTAL FOR CCC CREDITS    2,722.50    1,010.76        1,711.74
For Comparison Purposes: FY 1996 Payment Guarantee Commitments through
February 2, 1996. 
TOTAL FOR CCC CREDITS    3,153.00    1,556.60        1,596.40



FY 97                              FOOTNOTES:

 1/ These announcement footnotes are indicative only.  See actual provisions   
    set forth in Program Announcements.  These FAS news releases are available 
    on the internet at http://www.fas.usda.gov or through fax polling.         
    Callers should set their fax machines for polling and and dial (202)       
    720-1728. For additional information, contact the FAS Information          
    Division(202)720-7115.
 2/ Except as noted, the following terms apply:
          --Coverage is available  on an FAS/FOB basis
          --Maximum coverage is 98% of port value 
          --Final registration date is 9/30/97
          --Final export date is 11/30/97
 3/ SHOWN IN MONTHS UNLESS OTHERWISE INDICATED.
 4/ coverage on a C&F basis is available on sales made on C&F or CIF basis.
 5/ Products have been determined to be "high-value agricultural products".    
    See Program Announcement for details.
 6/ Leather has been determined to be a "high-value agricultural product".     
    See Program Announcements for details.
 7/ Andean Region--Total authorization was $350.0 million, however, $150.0     
    million remains unallocated i.e., non-operational.
 8/ Andean Region--Individual country limits are applicable under this
    announcement.  See Program Announcement for details. 
 9/ Brazil--Total  authorization was $150.0 million, however , $75.0 million
    remains unallocated i.e., non-operational.
10/ Bulgaria--Maximum terms of 12 months, principal repayments plus accrued
    interest are due at 6 month intervals. 
11/ Central America--Total  authorization was $80.0 million, however , $40.0
    million remains unallocated i.e., non-operational.
12/ Croatia--For credit terms exceeding 6 months, principal repayments plus
    accrued interest are due at 6 month intervals.
13/ East Africa--Individual country limits are applicable under this           
    announcment. See Program Announcement for details.
14/ East Caribbean--Total authorization was $80.0 million, however, $30.0      
    million remains unallocated i.e., non-operational.
15/ Egypt--Total authorization was $200.0 million, however, $100.0 million     
    remains Unallocated i.e., non-operational.
16/ Jordan--The eligible foreign buyer is Jordan's Ministry of Supply.
17/ Latvia--Maximum terms of 12 months, principal repayments plus accrued      
    interest are due at 6 month intervals. 
18/ Lithuania--Maximum terms of 12 months, principal repayments plus accrued
    interest are due at 6 month intervals. 
19/ Mexico--Total authorization was $1.075 billion, however, $275.0 million
    remains unallocated i.e., non-operational. Maximum terms of 24 months,     
    semi-annual payments of principal plus accrued interest.  
20/ Mexico (SCGP)--Total authorization was $50 million, however, $20 million
    remains unallocated i.e., non-operational.
21/ Pakistan--Total authorization was $250.0 million, however, $76.0 million
    remains unallocated i.e., non-operational. Credit terms must provide       
    semi-annual payments of principal plus accrued interest.  
22/ Papua New Guinea--Maximum terms of 12 months, principal repayments plus
    accrued interest are due at 6 month intervals.
23/ Peru--Country limit is applicable under this announcement.  See Program
    Announcement for details.
24/ Russia--Maximum terms of 12 months, principal repayments plus accrued I    
    interest are due at 6 month intervals.
25/ Tunisia--For GSM-102 (Vegetable Oils) the eligible buyer is Office         
    National de l'Huile.
26/ Tunisia--For GSM-103 the eligible buyer is Office National des Cereales.
27/ West Caribbean--Maximum terms of 18 months, principal repayments plus      
    accrued interest are due at 6 month intervals.
28/ Maximum coverage up to 50 percent of the port value.  No interest coverage 
    is offered.
29/ SHOWN IN DAYS UNLESS OTHERWISE INDICATED.





                 COUNTRIES INCLUDED WITHIN REGIONS:

        ANDEAN REGION:      Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela

        CENTRAL AMERICA:    Belize, Costa Rica, El Salvador, Guatemala, Honduras,
                            Nicaragua and Panama

        EAST AFRICA:        Kenya and Uganda

        EAST CARIBBEAN:     Barbados, Grenada, Guyana, St. Lucia, St. Vincent & the
                            Grenadines, Suriname and Trinidad & Tobago

        SOUTHERN AFRICA:    Angola, Botswana, Burundi, Lesotho, Madagascar, Malawi,
                            Mauritius, Mozambique, Namibia, Rwanda, Sudan, Seychelles,
                            South Africa, Swaziland, Tanzania, Zaire, Zambia and Zimbabwe

        WEST AFRICA:        Benin, Burkina Faso, Cameroon, Cape Verde, Central
                            African Republic, Congo, Cote d'Ivoire, Gabon, Gambia, Ghana,
                            Guinea-Bissau, Guinea, Liberia, Mali, Mauritania, Nigeria, 
                            Senegal, Sierra Leone, Togo

        WEST CARIBBEAN:     Haiti and Jamaica


                                                       ECG 2-97

 

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