81 FR 62738 - Agency Information Collection Activities: Comment Request

EXPORT-IMPORT BANK OF THE UNITED STATES

Federal Register Volume 81, Issue 176 (September 12, 2016)

The Export-Import Bank of the United States (Ex-Im Bank), as 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. By neutralizing the effect of export credit insurance and guarantees offered by foreign governments and by absorbing credit risks that the private section will not accept, Ex-Im Bank enables U.S. exporters to compete fairly in foreign markets on the basis of price and product. This collection of information is necessary, pursuant to 12 U.S.C. 635(a)(1), to determine eligibility of the applicant for Ex- Im Bank support. This form is used by a financial institution (or broker acting on its behalf) in order to obtain approval for non-honoring coverage of short-term letters of credit. The information received provides Ex-Im Bank staff with the information necessary to make a determination of the eligibility of the applicant and transaction for Ex-Im Bank assistance under its programs. The application can be viewed at http://www.exim.gov/sites/default/ files/pub/pending/eib92-34.pdf.

[Federal Register Volume 81, Number 176 (Monday, September 12, 2016)]
[Notices]
[Page 62738]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-21879]


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EXPORT-IMPORT BANK OF THE UNITED STATES

[Public Notice 2016-6025]


Agency Information Collection Activities: 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 92-34, Application for Short-Term Letter of Credit 
Insurance Policy.

SUMMARY: The Export-Import Bank of the United States (Ex-Im Bank), as 
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.
    By neutralizing the effect of export credit insurance and 
guarantees offered by foreign governments and by absorbing credit risks 
that the private section will not accept, Ex-Im Bank enables U.S. 
exporters to compete fairly in foreign markets on the basis of price 
and product. This collection of information is necessary, pursuant to 
12 U.S.C. 635(a)(1), to determine eligibility of the applicant for Ex-
Im Bank support.
    This form is used by a financial institution (or broker acting on 
its behalf) in order to obtain approval for non-honoring coverage of 
short-term letters of credit. The information received provides Ex-Im 
Bank staff with the information necessary to make a determination of 
the eligibility of the applicant and transaction for Ex-Im Bank 
assistance under its programs.
    The application can be viewed at http://www.exim.gov/sites/default/files/pub/pending/eib92-34.pdf.

DATES: Comments should be received on or before November 14, 2016 to be 
assured of consideration.

ADDRESSES: Comments maybe submitted electronically on 
WWW.REGULATIONS.GOV or by mail to Michele Kuester, Export Import Bank 
of the United States, 811 Vermont Ave. NW., Washington, DC 20571.

SUPPLEMENTARY INFORMATION: 
    Titles and Form Number: EIB 92-34 Application for Short-Term Letter 
of Credit Insurance Policy.
    OMB Number: 3048-0009.
    Type of Review: Regular.
    Need and Use: The information collected will provide information 
needed to determine compliance and creditworthiness for transaction 
requests submitted to the Export Import Bank.
    Affected Public: This form affects entities involved in the export 
of U.S. goods and services.
    Annual Number of Respondents: 48.
    Estimated Time per Respondent: 1 hour.
    Annual Burden Hours: 48 hours.
    Frequency of Reporting or Use: As needed.
    Government Expenses:
    Reviewing Time per Year: 48 hours.
    Average Wages per Hour: $42.50.
    Average Cost per Year: $2,040 (time*wages).
    Benefits and Overhead: 20%.
    Total Government Cost: $2,448.

Bonita Jones-McNeil,
Program Analyst, Agency Clearance Officer, Office of the Chief 
Information Officer.
[FR Doc. 2016-21879 Filed 9-9-16; 8:45 am]
BILLING CODE 6690-01-P