In accordance with the Paperwork Reduction Act (PRA) and 5 CFR 1320, this information collection is approved through August 31, 1990, with the following conditions. With the next submission, FAS should submit additional information that will provide a more complete reporting of the burden hours for respondents' PARTICIPATION AND RECORDKEEPING RESPONSIBILITIES. For example, no accounting is specified for respondents' time to review instructions, search their existing data sources, gather and maintain the data needed, and review the completed collection of information in their compliance with 7 CFR 1493.3(a) and 1493.7(a). Further, there is no reference by FAS for respondents' burden hours when there is a need to comply with 7 CFR 1493.1, 1493.8, 1493.10, and 1493.11. This clearance pertains only to the current 7 CFR 1493. Any new rulemaking to modify this will have to be submitted separately in accordance with the PRA and 5 CFR 1320.
Inventory as of this Action
Requested
Previously Approved
08/31/1990
08/31/1990
12/31/1989
13,920
0
3,418
14,344
0
4,256
0
0
0
BOTH THE GSM-102 AND GSM-103 PROGRAMS ARE DESIGNED TO COVER RISK AGAINST NONPAYMENT BY FOREIGN BANKS WHEN U.S. AGRICULTURAL COMMODITIES ARE FINANCED BY U.S. EXPORTERS OR U.S. FINANCIAL INSTITUTIONS. THE GSM-102 PROGRAM COVERS RISK FOR CREDIT TERMS OF MORE THAN THREE YEARS BUT NOT MORE THAN 10 YEARS.
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.
CFR PART 1493 - REGULATIONS COVERING CCC'S EXPORT CREDIT GUARANTEE PROGRAM (GSM-102) AND CCS'S INTERMEDIATE EXPORT CREDIT GUARANTEE PROGRAM (GSM-103)