Application for Global Express Revolving Line of Credit

ICR 201512-3048-001

OMB: 3048-0038

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Unchanged
Supplementary Document
2012-05-09
Supplementary Document
2012-02-06
Supplementary Document
2011-12-28
Supporting Statement A
2012-09-20
IC Document Collections
ICR Details
3048-0038 201512-3048-001
Historical Active 201204-3048-001
EXIMBANK EIB 11-08
Application for Global Express Revolving Line of Credit
Reinstatement without change of a previously approved collection   No
Emergency 12/04/2015
Approved without change 12/09/2015
Retrieve Notice of Action (NOA) 12/04/2015
  Inventory as of this Action Requested Previously Approved
06/30/2016 6 Months From Approved
500 0 0
1,167 0 0
30,000 0 0

The Export Import Bank of the United States (Ex-Im Bank) pursuant to the Export Import Bank Act of 1945, as amended (12 USC 635, et seq), facilitates the financing of exports of U.S. goods and services. By neutralizing the effect of export credit insurance and loan guarantees offered by foreign governments and by absorbing credit risks that the private sector will not accept, Ex-Im Bank enables U.S. exporters to compete fairly in foreign markets on the basis of price and product quality. This collection of information is necessary, pursuant to 12 USC Sec. 635 (a) (1), to determine eligibility of the applicant for Ex-Im Bank assistance. This form is used by an exporter in order to obtain approval for an Ex-Im Bank direct loan or a guaranteed working capital line of credit to finance export sales. The information received provides Ex-Im Bank staff with the information necessary to make a determination of the eligibility of the applicant and its creditworthiness for Ex-Im Bank assistance under this direct loan and guarantee program.
Ex-Im Bank has experienced a lapse in its authority.  The renewal process had been started, but Ex-Im Bank’s lack of authority has hindered continued progress on the renewal.  Ex-Im Bank is requesting extend the expiry date for form 3048-0038 for a six month period so that Ex-Im Bank can resume operating. Thank you for your kind attention to this request.

US Code: 12 USC 635 Name of Law: Export Import Bank Act of US
  
None

Not associated with rulemaking

  80 FR 85 05/04/2015
No

1
IC Title Form No. Form Name
Application for Global Credit Express Revolving Line of Credit EIB 11-08 Application for Global Credit Exporess Revolving Line of Credit

  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 500 0 0 0 0 500
Annual Time Burden (Hours) 1,167 0 0 0 0 1,167
Annual Cost Burden (Dollars) 30,000 0 0 0 0 30,000
No
No

$30,000
No
No
No
No
No
Uncollected
Bassam Doughman 202 565-3168 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
12/04/2015


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