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[Federal Register Volume 79, Number 68 (Wednesday, April 9, 2014)]
[Notices]
[Pages 19613-19614]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-07914]

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EXPORT-IMPORT BANK

[Public Notice: 2016-3001]

Agency Information Collection Activities: Comment Request

AGENCY: Export-Import Bank of the United States.

ACTION: Submission for OMB review and comments request.

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    Form Title: EIB 10-03 Notice of Claim and Proof of Loss, Export 
Credit Insurance Policies.
SUMMARY: The Export-Import Bank of the United States (Ex-Im Bank), as 
part of its continuing effort to reduce

[[Page 19614]]

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. 
635(a)(1), to determine eligibility of the export sales for insurance 
coverage. The Report of Premiums Payable for Financial Institutions 
Only is used to determine the eligibility of the shipment(s) and to 
calculate the premium due to Ex-Im Bank for its support of the 
shipment(s) under its insurance program. Export-Import Bank customers 
will be able to submit this form on paper or electronically.
    By neutralizing the effect of export credit support 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. Under the 
Working Capital Guarantee Program, Ex-Im Bank provides repayment 
guarantees to lenders on secured, short-term working capital loans made 
to qualified exporters. The guarantee may be approved for a single loan 
or a revolving line of credit.
    In the event that a buyer defaults on a transaction insured by Ex-
Im Bank the insured exporter or lender may seek payment by the 
submission of a claim.
    The information collection tool can be reviewed at: http://www.exim.gov/pub/pending/eib10-03.pdf.

DATES: Comments must be received on or before May 9, 2014 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 3048-10-
03.

SUPPLEMENTARY INFORMATION:
    Title and Form Number: EIB 10-03 Notice of Claim and Proof of Loss, 
Export Credit Insurance Policies.
    OMB Number: 3048-0033.
    Type of Review: Regular.
    Need and Use: This collection of information is necessary, pursuant 
to 12 U.S.C. 635(a)(1), to determine if such claim complies with the 
terms and conditions of the relevant insurance policy.
    Affected Public: This form affects entities involved in the export 
of U.S. goods and services.
    Annual Number of Respondents: 300.
    Estimated Time per Respondent: 45 minutes.
    Annual Burden Hours: 225 hours.
    Frequency of Reporting of Use: As needed to request claim payment.
    Government Expenses:
    Reviewing time per year: 300 hours.
    Average Wages per Hour: $42.50.
    Average Cost per Year: $12,750, (time*wages).
    Benefits and Overhead: 20%.
    Total Government Cost: $15,300.

Toya Woods,
Program Analyst, Record Management Divisions, Office of the Chief 
Information Officer.
[FR Doc. 2014-07914 Filed 4-8-14; 8:45 am]
BILLING CODE 6690-01-P
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