[Federal Register Volume 61, Number 97 (Friday, May 17, 1996)]
[Notices]
[Page 24914]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-12461]



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 Notices
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 This section of the FEDERAL REGISTER contains documents other than rules 
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  Federal Register / Vol. 61, No. 97 / Friday, May 17, 1997 / Notices  

[[Page 24914]]



DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


Notice of Request for Extension and Revision of a Currently 
Approved Information Collection

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice of request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Commodity Credit Corporation's (CCC) intention to 
request an extension for and revision to a currently approved 
information collection in support of the CCC/Export Credit Guarantee 
Program (GSM-102) and the CCC/Intermediate Export Credit Guarantee 
Program (GSM-103) based on re-estimates.

DATES: Comments on this notice must be received by July 16, 1996 to be 
assured of consideration.

ADDITIONAL INFORMATION OR COMMENTS: Contact L.T. McElvain, Director, 
Commodity Credit Corporation Operations Division, Foreign Agricultural 
Service, U.S. Department of Agriculture, AgBox 1035, Washington, DC 
20250-1035, telephone (202) 720-6211.

SUPPLEMENTARY INFORMATION: .

    Title: CCC/Export Credit Guarantee Program (GSM-102) and CCC/
Intermediate Export Credit Guarantee Program (GSM-103).
    OMB Number: 0551-0004
    Expiration Date of Approval: October 31, 1996.
    Type of Request: Extension and revision of a currently approved 
information collection.
    Abstract: The primary objective of the GSM-102 and GSM-103 programs 
is to expand U.S. agricultural exports by making available export 
credit guarantees to encourage U.S. private sector financing of foreign 
purchases of U.S. agricultural commodities on credit terms. The CCC 
currently has programs operating in more than 25 countries and 6 
country regions with more than 950 exporters currently eligible to 
participate. Under 7 CFR Part 1493, exporters are required to submit 
the following: (1) information required for program participation as 
outlined in section 1493.30, (2) export sales information in connection 
with applying for a payment guarantee under section 1493.40, (3) 
evidence of export in section 1493.80, (4) notice of default and claims 
for loss under section 1493.110, and (5) miscellaneous provisions, 
including assignment of the proceeds and review of the regulations 
found in section 1493.140. In addition, each exporter and exporter's 
assignee (U.S. financial institution) must maintain records on all 
information submitted to CCC and in connection with sales made under 
the GSM-102 and GSM-103 program as outlined in section 1493.140. The 
information collected is used by CCC to manage, plan, evaluate and 
account for Government resources. The reports and records are required 
to ensure the proper and judicious use of public funds.
    Estimate of Burden: The public reporting burden for these 
collections is estimated to average 3.97 hours per response.
    Respondents: U.S. Exporters of U.S. agricultural commodities, U.S. 
banks or other financial institutions, producer associations, U.S. 
export trade associations, and U.S. Government agencies.
    Estimated Number of Respondents: 227 per annum.
    Estimated Number of Responses per Respondent: 117 per annum.
    Estimated Total Annual Burden of Respondents: 6,473.67 hours.
    Copies of this information collection can be obtained from Valerie 
Countiss, the Agency Information Collection Coordinator, at (202) 720-
6713.
    Requests for comments: Send comments regarding (a) whether the 
proposed collection of information is necessary for the proper 
performance of the functions of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the proposed collection of 
information including the validity of the methodology and assumptions 
used; (c) ways to enhance the quality, utility and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on those who are to respond, including 
through the use of automated, electronic, mechanical, or other 
technological collection techniques or other forms of information 
technology. Comments may be sent to L.T. McElvain, Director, Commodity 
Credit Corporation Operations Division, Foreign Agricultural Service, 
U.S. Department of Agriculture, AgBox 1035, Washington, DC 20250-1035.
    All responses to this notice will be summarized and included in the 
request for OMB approval. All comments will also become a matter of 
public record.

    Signed at Washington, DC, May 9, 1996.
Timothy J. Galvin,
Acting Administrator, Foreign Agricultural Service and Acting Vice 
President, Commodity Credit Corporation.
[FR Doc. 96-12461 Filed 5-16-96; 8:45 am]
BILLING CODE 3410-05-M