Export-Import Bank of the U.S. Application for Issuing Bank Credit Limit (IBCL) Under Bank Letter of Credit Policy

ICR 201903-3048-001

OMB: 3048-0016

Federal Form Document

ICR Details
3048-0016 201903-3048-001
Active 201601-3048-004
EXIMBANK EIB 92-36
Export-Import Bank of the U.S. Application for Issuing Bank Credit Limit (IBCL) Under Bank Letter of Credit Policy
Revision of a currently approved collection   No
Regular
Approved without change 05/30/2019
Retrieve Notice of Action (NOA) 03/20/2019
  Inventory as of this Action Requested Previously Approved
05/31/2022 36 Months From Approved 05/31/2019
600 0 480
720 0 576
0 0 0

This collection of information is to enable an insured exporter or lender (or broker acting on its behalf) to obtain approval for coverage of the repayment risk of an overseas bank. The information received allows EXIM Bank staff to make a determination of the creditworthiness of the foreign bank and the underlying export sale for EXIM Bank assistance under its programs. This form has been updated to include a new Certification and Notices section as well as a new statement explaining EXIM Bank's limitation on support for goods subject to trade measures or sanctions. The Export-Import Bank has made a change to the report to have the insured financial institution provide the industry code (NAICS) associated with each specific export as well as specific information needed to make a determination as to whether or not the exporter meets the SBA's definition of a small business. The insured financial institution already provides a short description of the goods and/or services being exported and the name and address of the exporter. These additional pieces of information will allow Ex-Im Bank to better track what exports it is covering with its insurance policy and the extent to which its support assists U.S. small businesses. The other change that EXIM Bank has made is to require the insured financial institution to indicate whether the exporter is a minority-owned business, women-owned business and/or veteran-owned business. Although answers to the question are mandatory, the company may choose any one of the three answers: Yes/No/Decline to Answer. The option of "Decline to Answer" allows a company to consciously decline to answer the specific question should they not wish to answer.

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

Not associated with rulemaking

  83 FR 243 12/19/2018
84 FR 42 03/04/2019
No

  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 600 480 0 120 0 0
Annual Time Burden (Hours) 720 576 0 144 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The number of annual respondents have increased due to growth and resumption of authorization to the EXIM Bank.

$30,600
No
    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.
03/20/2019


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