Co-Financing with Foreign Export Credit Agency

OMB Control No: 3048-0037	ICR Reference No: 201109-3048-007
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 11-04
Title: Co-Financing with Foreign Export Credit Agency
Type of Information Collection: Existing collection in use without an OMB Control Number	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 10/28/2011
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/25/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/19/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2012	6 Months From Approved
Responses	60	0	0
Time Burden (Hours)	45	0	0
Cost Burden (Dollars)	585	0	0

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Abstract: The Export-Import Bank of the United States (Ex-Im Bank), as a part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal Agencies to comment on the proposed information collection, as required by the Paperwork Reduction Act of 1995. This form will enable Ex-Im Bank to identify the specific details of the proposed co-financing transaction between a U.S. exporter, Ex-Im Bank, and a foreign export credit agency; the information collected includes vital facts such as the amount of U.S.-made content in the export, the amount of financing requested from Ex-Im Bank, and the proposed financing amount from the foreign export credit agency. These details are necessary for approving this unique transaction structure and coordinating our support with that of the foreign export credit agency to ultimately complete the transaction and support U.S. exports – and U.S. jobs.

Emergency Justfication: Ex-Im Bank is requesting an emergency approval of Ex-Im Bank form EIB 11-04, Application for Co-Financing with Foreign Export Credit Agency. Although Ex-Im Bank has been offering the co-financing option to customers for several years, the program has only recently become popular and an absolutely essential offering for Ex-Im Bank customers. However, currently there is not an OMB-cleared version of a co-financing form available to the public, and as such Ex-Im Bank feels that EIB 11-04 requires emergency approval. Ex-Im Bank developed the referenced form in order to be able to identify the specific details of the proposed co-financing transaction between a U.S. exporter, Ex-Im Bank, and a foreign export credit agency; the information collected includes vital facts such as the amount of U.S.-made content in the export, the amount of financing requested from Ex-Im Bank, and the proposed financing amount from the foreign export credit agency. These details are necessary for approving this unique transaction structure and coordinating our support with that of the foreign export credit agency to ultimately complete the transaction and support U.S. exports – and U.S. jobs. Lack of an emergency approval of this form would prevent the collection of the necessary information and make it impossible to process transactions of this type. This would significantly disrupt Ex-Im Bank’s ability to fulfill its mission to support U.S. exports and maintain U.S. jobs, as many co-financing transactions are in support of very large U.S. exports that sustain many U.S. jobs. As an example, having just successfully delivered the first Boeing 787 Dreamliner airplane to a foreign customer, Boeing hopes to export more 787 airplanes to Ex-Im Bank customers. Very high demand for the new airplane will enable Boeing to maintain its production line and support numerous U.S. workers as more 787s are built. However, the 787 cannot be fully financed without the co-financing structure offered by Ex-Im Bank. Without the ability to identify the details of the required co-financing structure, Ex-Im Bank will not be able to fully support these types of large-scale export transactions. This will likely result in reduced U.S. exports and fewer U.S. jobs supported by export transactions, which is counter to Ex-Im Bank’s mission and purpose. Accordingly, Ex-Im Bank deems emergency approval of EIB 11-04 entirely necessary for the continuation of vital Bank transactions.

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Authorizing Statute(s): US Code: 12 USC 635 Name of Law: Export Import Act

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 207	10/18/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name CO-Financing with Foreign Export Credit Agency EIB 11-04 Co-Financing with Foreign Export Credit Agency

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	60	0	0	0	0	60
Annual Time Burden (Hours)	45	0	0	0	0	45
Annual Cost Burden (Dollars)	585	0	0	0	0	585

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $585

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Sharon Whitt 202 565-3325 [email protected]

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 10/19/2011

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