Prior to renewal
of this Information Collection, EXIM Bank will provide to OMB
information related to its privacy policies including: 1) is the
information collected maintained as part of a system of records; 2)
does EXIM Bank have a Privacy Impact Assessment or System of
Records Notice that is applicable to the information collected; 3)
whether the form contained in this information collection request
has been reviewed by EXIM Bank’s privacy office or staff.
Inventory as of this Action
Requested
Previously Approved
03/31/2018
36 Months From Approved
03/31/2017
48
0
11
48
0
11
0
0
0
The Export Import Bank of the United
States (Ex-Im Bank) pursuant to the Export Import Bank Act of 1945,
as amended (12 USC 635, et seq), facilitates the finance of export
of U.S. goods and services. By neutralizing the effect of export
credit insurance and guarantees offered by foreign governments and
by absorbing credit risks that the private sector will not accept,
Ex-Im Bank enables U.S. exporters to complete fairly in foreign
markets on the basis of price and product. This collection of
information is necessary, pursuant to 12 USC Sec. 635 (a) (1), to
determine eligibility of the applicant for Ex-Im Bank assistance.
This form is used by a financial institution (or broker acting on
its behalf) in order to obtain approval for non-honoring coverage
of short-term letters of credit. The information received provides
Ex-Im Bank staff with the information necessary to make a
determination of the eligibility of the applicant and transaction
for Ex-Im Bank assistance under its programs.
US Code:
12
USC 635 Name of Law: Export-Import Bank Act of 1945 as
amended
From time to time staff
completes a “sample” application form for use in system testing,
training, etc. The time it 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. For burden calculation purposes, we assumed that it would
take on average 1 hour for respondents to complete the application.
We receive, on average over the last four years, 48 applications
per year. Thus, the annual burden rate can be calculated as 48 *
1h.00 = 48 hours.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Form EIB 92-34 Application for Short-Term Letter of Credit Export Credit Insurance Policy
Supporting Statement EIB 92-34 2017-01-11.doc
Application for Short-Term Letter of Credit Export Credit Insurance Policy