Whereas , the Export-Import Bank of Washington has been organized pursuant to Executive Order No. 6581, dated February 2, 1934; and Whereas , by the terms of said order it was provided that the governing body of said corporation should consist of a board of trustees composed of live members; and Whereas , it is now deemed desirable to increase the membership of the board of trustees; Now, Therefore , under and by virtue of the authority vested in me by the National Industrial Recovery Act of June 16, 1933, it is hereby directed that the governing body of the Export-Import Bank of Washington shall consist of a board of trustees composed of not less than five members nor more than nine members. In addition to the five persons named in the Executive Order of February 2, 1934, to handle the concerns of the corporation for the first year, the following persons, who have been invited and who have given their consent to serve, shall also act as trustees of said corporation: R. Walton Moore Assistant Secretary of State George N. Peek Assistant to the President Tom K. Smith Assistant to the Secretary of the Treasury Harold II. Neff Counsel, Federal Trade Commission Any vacancies occurring in the initial board of trustees as so increased shall be filled in accordance with the certificate of incorporation and the bylaws of the Export-Import Bank of Washington, subject to the approval of the President of the United States. In addition to the five shares authorized by the Executive Order of February 2, 1934, to be held in the names of the initial trustees and their successors, one share may be transferred by the Secretary of State and the Secretary of Commerce to each of the above named persons, who are hereby made additional trustees of said corporation, to be held by them and their respective successors in the office of trustee, for the use and benefit of the United States. FRANKLIN D. ROOSEVELT The White House, February 14, 1934.
Executive Order 6601-A—Increasing the Membership of the Board of Trustees of Export-Import Bank of Washington
Executive Brief • At a Glance
It is hereby directed that the governing body of the Export-Import Bank of Washington shall consist of a board of trustees composed of not less than five members nor more than nine members.
Plain-English Translation & Framers' Constitutional Analysis
Early Statesman synthesis distilling legal jargon into practical meaning, statutory anchors, and structural constitutional impacts.
Signed by President Franklin D. Roosevelt on February 14, 1934, this order concerns Increasing the Membership of the Board of Trustees of Export-Import Bank of Washington. It is hereby directed that the governing body of the Export-Import Bank of Washington shall consist of a board of trustees composed of not less than five members nor more than nine members. In addition to the five persons named in the Executive Order of February 2, 1934, to handle the concerns of the corporation for the first year, the following persons, who have been invited and who have given their consent to…
Key Directives & Operative Actions
It is hereby directed that the governing body of the Export-Import Bank of Washington shall consist of a board of trustees composed of not less than five members nor more than nine members.
In addition to the five persons named in the Executive Order of February 2, 1934, to handle the concerns of the corporation for the first year, the following persons, who have been invited and who have given their consent to serve, shall also act as trustees of said corporation: R. Walton Moore Assistant Secretary of State George N. Peek Assistant to the President Tom K. Smith Assistant to the Secretary of the Treasury Harold II.
Neff Counsel, Federal Trade Commission Any vacancies occurring in the initial board of trustees as so increased shall be filled in accordance with the certificate of incorporation and the bylaws of the Export-Import Bank of Washington, subject to the approval of the President of the United States.
In addition to the five shares authorized by the Executive Order of February 2, 1934, to be held in the names of the initial trustees and their successors, one share may be transferred by the Secretary of State and the Secretary of Commerce to each of the above named persons, who are hereby made additional trustees of said corporation, to be held by them and their respective successors in the office of trustee, for the use and benefit of the United States.
Constitutional & Societal Entities Impacted
Policy Areas & Topics
The Framers' Constitutional Council
1787 PrismEvaluating this order against the constitutional debates of 1787 and the limits of Article II executive power.
"When the President acts pursuant to an express or implied authorization of Congress, his authority is at its maximum, for it includes all that he possesses in his own right plus all that Congress can delegate."
James Madison
Separation of Powers & Legislative Primacy
"The constitutional magistracy was designed not to invent policy, but to be the faithful instrument of the laws passed by the people's representatives." — Speech in the First Congress (1789)
Madison would approve the structural posture of this order. The President acts strictly in subordination to statutory authority granted under Article II, Section 3 ("take Care that the Laws be faithfully executed"). The checks and balances hold firm because the policy origin remains with the legislature.
Alexander Hamilton
The Energetic Executive & Unified Command
"The direction of war implies the direction of the common strength; and the power of directing and employing the common strength must be under the direction of the single hand of the Executive." — Federalist No. 74 (1788)
Hamilton would forcefully champion executive discretion here. For foreign entanglements, commerce defense, and national security, deliberative assemblies are too slow and faction-ridden. A unified, energetic Executive exercising swift command is precisely what the Philadelphia Convention intended for national preservation.
George Mason
Bill of Rights, Due Process & 10th Amendment
"The president will be surrounded by flatterers and sycophants... and the great powers of the executive will gradually absorb the liberties of the people." — Cato IV (Anti-Federalist, 1787)
The Anti-Federalist prism advises continuous democratic vigilance. Even routine administrative directives aggregate centralized federal power away from town halls and state assemblies toward a distant executive apparatus.
Five Measurable "Constitutional Friction" Dimensions
An objective audit measuring potential separation-of-powers tension against the United States Constitution and established Supreme Court doctrine.
Legislative Encroachment & Purse
Operates within delegated statutory execution without modifying legislative appropriations or taxing powers.
Executive Scope & Faithfulness
Directs internal executive branch machinery, agency workflows, and federal personnel.
Federalism & State Sovereignty
Engages state and local partners in cooperative federalism programs.
Due Process & Individual Rights
Focuses on internal governmental operations with no direct impairment of private rights or property.
Youngstown Jacksonian Tier
The President operates strictly as the constitutional Chief Executive, carrying out policy established by Congress with strong statutory backing.
This order operates in close harmony with statutory authority and standard Article II supervisory execution.
Scholarly & Legal Citations
Exec. Order No. 6601 (Feb. 14, 1934), https://executiveordersarchive.org/orders/app-executive-order-6601-increasing-the-membership-the-board-trustees-export-import-bank.