80 FR 81323 - Agency Information Collection Activities: Final Collection; Comment Request

EXPORT-IMPORT BANK OF THE UNITED STATES

Federal Register Volume 80, Issue 249 (December 29, 2015)

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 collection of information is necessary, pursuant to 12 U.S.C. Sec. 635(a)(1), to determine where insurance proceeds should be sent and to determine which exporters require lender financing of their insured receivables. 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. The form can be viewed at http://www.exim.gov/sites/default/files/ pub/pending/eib94-08.pdf.

[Federal Register Volume 80, Number 249 (Tuesday, December 29, 2015)]
[Notices]
[Pages 81323-81324]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-32714]


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EXPORT-IMPORT BANK OF THE UNITED STATES

[Public Notice 2015-3015]


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. This collection of information is 
necessary, pursuant to 12 U.S.C. Sec. 635(a)(1), to determine where 
insurance proceeds should be sent and to determine which exporters 
require lender financing of their insured receivables.
    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.
    The form can be viewed at http://www.exim.gov/sites/default/files/pub/pending/eib94-08.pdf.

DATES: Comments should be received on or before January 28, 2016 to be 
assured of consideration.

ADDRESSES: Comments may be submitted electronically on 
www.regulations.gov or by mail to Office of Information and Regulatory 
Affairs, 725 17th Street NW., Washington, DC 20038, Attn: OMB 3048-
0040.

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: 3048-0040.
    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.

[[Page 81324]]

    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.
Annual Burden Hours: 8.3 hours.
Frequency of Reporting or Use: As needed.
    Government Expenses:
Reviewing time per year: 12 hours.
Average Wages per Hour: $42.50.
Average Cost per Year (time * wages): $510.
Benefits and Overhead: 20%.
Total Government Cost: $612.

Bonita Jones-McNeil,
Program Analyst, Agency Clearance Officer.
[FR Doc. 2015-32714 Filed 12-28-15; 8:45 am]
 BILLING CODE 6690-01-P