[Federal Register Volume 77, Number 115 (Thursday, June 14, 2012)]
[Notices]
[Pages 35679-35680]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-14552]


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EXPORT-IMPORT BANK OF THE UNITED STATES

[Public Notice 2012-0136]


Agency Information Collection Activities: Final Collection; 
Comment Request

AGENCY: Export-Import Bank of the U.S.

ACTION: Submission for OMB Review and Comments Request.

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    Form Title: EIB 94-08 Notification and Assignment by Insured to 
Financial Institution of Medium Term Export Credit Insurance Policy.

SUMMARY: 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. Ex-Im Bank is requesting an emergency 
approval of Ex-Im Bank form EIB 94-08, Notification and Assignment by 
Insured to Financial Institution of Medium Term Export Credit Insurance 
Policy. Ex-Im Bank's exporter policy holders, along with the financial 
institution providing it with financing, provide this form to Ex-Im 
Bank. The form transfers the duties and obligations of the insured 
exporter to the financial institution. It also provides certifications 
to the financial institution and Ex-Im Bank that the financed export 
transaction results in a valid, enforceable, and performing debt 
obligation. Exporter policy holders need this form to obtain financing 
for their medium term export sales. Ex-Im Bank believes that EIB 94-08 
requires emergency approval in order to continue operation of its 
medium term program for U.S. exporters.
    Lack of an emergency approval of this form would greatly restrict 
our ability to support many of the export sales made by U.S. 
businesses. Without this form, it would not be possible for financial 
institutions to obtain sufficient comfort to provide funding to our 
exporter policy holders. This would adversely impact Ex-Im Bank's 
ability to finance small business exporters and its overall mission to 
support U.S. exports and maintain U.S. jobs. Accordingly, Ex-Im Bank 
requests emergency approval of

[[Page 35680]]

EIB 94-08 in order to continue operation of this important export 
program.
    The form can be viewed at www.exim.gov/pub/pending/eib94-08.pdf.

DATES: Comments should be received on or before July 16, 2012 to be 
assured of consideration.

ADDRESSES: Comments may be submitted electronically on 
www.regulations.gov or by mail to Arnold Chow, Export-Import Bank of 
the United States, 811 Vermont Ave. NW., Washington, DC 20571.

SUPPLEMENTARY INFORMATION: 
    Titles and Form Number: EIB 94-08 Notification and Assignment by 
Insured to Financial Institution of Medium Term Export Credit Insurance 
Policy.
    OMB Number: 3048-xxx.
    Type of Review: Regular.
    Need and Use: The form transfers the duties and obligations of the 
insured exporter to the financial institution. It also provides 
certifications to the financial institution and Ex-Im Bank that the 
financed export transaction results in a valid, enforceable, and 
performing debt obligation. Exporter policy holders need this form to 
obtain financing for their medium term export sales.
    Affected Public: This form affects entities involved in the export 
of U.S goods and services.
    Annual Number of Respondents: 50.
    Estimated Time per Respondent: 10 minutes.
    Government Annual Burden Hours: 5 hours.
    Frequency of Reporting or Use: As needed.

Sharon A. Whitt,
Agency Clearance Officer.
[FR Doc. 2012-14552 Filed 6-13-12; 8:45 am]
BILLING CODE 6690-01-P