Supporting Statement for Paperwork Reduction Act
Submissions
EIB92-05 Letter of Interest Application
General Instructions
A Supporting Statement, including the text of the notice to the public required by 5 CFR 1320.5(a)(i)(iv) and its actual or estimated date of publication in the Federal Register, must accompany each request for approval of a collection of information. The Supporting Statement must be prepared in the format described below, and must contain information specified in Section A below. If an item is not applicable, provide a brief explanation. OMB reserves the right to require the submission of additional information with respect to any request for approval.
Specific Instructions
Justification
Explain the
circumstances that make the collection of information necessary.
Identify any legal or administrative requirements that necessitate
the collection. Attach a copy of the appropriate section of each
statute and regulation mandating or authorizing the collection of
information.
Indicate how, by whom and for what purpose the information is to be
used. Except for a new collection, indicate the actual use the
agency has made of the information received form the current
collection.
Ex-Im
Bank is the U.S. Government agency (created by the Export-Import
Bank Act of 1945, as amended) that facilitates the export financing
of U.S. goods and services. By neutralizing the effect of export
credit insurance offered by foreign governments and by assuming
credit risks that the private sector will not accept, Ex-Im Bank
enables U.S. exporters to compete fairly in foreign markets on the
basis of price and products. Collection of information is necessary
under Sec. 635 (a) (1) to determine eligibility of the applicant for
Ex-Im Bank assistance or participation.
Describe
whether, and to what extent, the collection of information involves
the use of automated, electronic mechanical, or other technological
collection techniques or other forms of information technology,
e.g., permitting electronic submissions of responses, and the basis
for the decision for adopting this means of collection. Also
describe any consideration of using information technology to reduce
burden.
The
applicant has the option to fill out and submit the completed form
online, or to fill out and submit a hard copy version. The applicant
submits a completed form to obtain a preliminary determination of
the eligibility of the applicant and transaction for Ex-Im Bank
assistance and a preliminary offer of financing support under the
Bank’s loan and guarantee programs. Ex-Im Bank uses the
information provided on the form to determine the applicant’s
eligibility for requested support.
Describe effort
to identify duplication. Show specifically why any similar
information already available cannot be used or modified for use for
the purposes described in Item 2 above.
Ex-Im
Bank accepts online applications and has done so since 1999. The
online application provides requesters with the opportunity to fill
out an easy-to-follow application process. This reduces the burden
of filling out a hard copy instrument and eliminates the burden and
expense of using mail or courier services.
If the
collection of information impacts small businesses or other small
entities describe any methods used to minimize burden.
All
applications are independent of each other, i.e., no duplication. In
circumstances when some information may already be on file at Ex-Im
Bank, the application includes language allowing the applicant to so
indicate.
Describe the consequence to Federal program or policy activities if
the collection is not conducted or is conducted less frequently, as
well as any technical or legal obstacles to reducing burden.
Not
applicable.
Explain any special circumstances that would cause an information
collection to be conducted in a manner”
*requiring
respondents to report information to the agency more often than
quarterly;
*requiring respondents to prepare a written response
to a collection of information in fewer than 30 days after receipt
of it;
*requiring respondents to submit more than an original
and two copies of any document;
*in connection with a
statistical survey, that is not designed to produce valid or
reliable results that can be generalized to the universe of
study;
*requiring the use of statistical data classification
that has not been reviewed and approved by OMB;
*that includes
a pledge of confidentiality that is not supported by authority
established in statute or regulation, that is not supported by
disclosure and data security policies that are consistent with the
pledge, or which unnecessarily impedes sharing of data with other
agencies for compatible confidential use; or
*requiring
respondents to submit proprietary trade secrets, or other
confidential information unless the agency can demonstrate that it
has instituted procedures to protect the information’s
confidentiality to the extent permitted by law.
Absent the information required in the application form, Ex-Im Bank would be unable to make the necessary judgments to determine eligibility of the applicant to obtain support. Without those judgments, Ex-Im Bank would not be able to provide the financing commitment needed by our customers.
If applicable, provide a copy and identify the date and page number
of publication in the Federal Register of the agency’s notice
soliciting comments on the information collection prior to
submission to OMB. Summarize public comments received in response
to that notice and describe actions taken by the agency in response
to these comments.
No comments were received.
Explain any decision to provide any payment or gift to respondents,
other than remuneration of contractors or grantees.
Not
applicable. Export Import Bank does not provide any payment of
gifts to respondents.
Describe any assurance of confidentiality provided to respondents
and the basis for the assurance in statute, regulation, or agency
policy.
Ex-Im Bank and its officers
and employees are subject to the Trade Secrets Act, 18 U.S.C. Sec.
1905, which requires Ex-Im Bank to protect confidential information
from disclosure, as well as 12 CFR 404.1, which provides that, except
as required by law, Ex-Im Bank will not disclose information provided
in confidence without the submitter’s consent.
Provide additional justification for any question of a sensitive
nature, such as sexual behavior and attitudes, religious beliefs,
and other matters that are commonly considered provides. This
justification should include the reasons why the agency considered
the questions necessary, the specific uses to be made of the
information, the explanation to be given to persons from whom the
information is requested, and any steps to be taken to obtain their
consent.
Not applicable. No sensitive questions are
asked.
Provide estimates of the hour burden of the collection of
information. The statement should include:
The number
of respondents; 400
The frequency of response; On
occasion
Annual hour burden; and 200 hours
An
explanation of how the burden was estimated.
From
time to time staff completes a “sample” application form
for use in testing, training, etc. The time is takes for staff to
fill out the application form is 30 minutes. If the applicant has
their credit information at hand, it should take the respondent 30
minutes as well. We expect to receive, on average 400 per year.
Thus, the annual burden rate can be calculated as (400 * .50) = 200
hours.
Provide an estimate for the total annual cost burden to respondents
or records keepers resulting from the collection of information.
(Do not include the cost of any hour burden shown in items 12 and
14).
Not applicable.
Provide estimates of annualized costs to the Federal government.
Reviewing time per hour: .5
Responses per
year 400
Reviewing time per year 200 hours
Average
Wages per hour $50.00
Average cost per year
$10,000
(time * wages)
Benefits and overhead
20%
Total Government Cost $12,000
Explain the reasons for any program changes or adjusted reported in
items 13 or14 of OMB from 83-1.
No changes.
For collection of information whose results will be published,
outline plans for tabulation and publication. Address any complex
analytical techniques that will bee used. Provide the time schedule
for the entire project, including beginning and ending dates of the
collection of information, completion of report, publication dates,
and other actions.
Not applicable. Information is not
published.
If seeking approval to not display the expiration date for OMB
approval of the information collection, explain the reasons that
display would be inappropriate.
Not applicable. We are
not seeking approval.
Explain each exception to the certification statement identified in
Item 19 “Certification for Paperwork Reduction Act
Submissions,” of OMB Form 83-1.
No exceptions.
Collection of Information Employing Statistical Methods
Statistical
methods are not used in this information collection.
| File Type | application/msword |
| File Title | Supporting Statement for Paperwork Reduction Act Submissions |
| Author | whitt |
| Last Modified By | whitt |
| File Modified | 2011-04-01 |
| File Created | 2011-04-01 |