EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

NOVEMBER 2, 2004

Item No 1

Country: Mexico- Policy No. FB-A-272559

Request for: Policy Commitment (New)

Policy Type: Financial Institution Buyer Credit (FIBC)

Coverage Type/Term: Comprehensive/ST

Insured: Hemisphere National Bank, Miami, FL

Exporters/Suppliers: Allenberg Cotton Co.

Ecom USA, Inc.

Cargill Cotton

Weill Brothers Cotton

Insurance Broker: International Risk Consultants

Products: Raw cotton

Credit Committee Decision: Denied

Item No 2

Country: Chile - Policy No. FB-A-272880

Request for: Policy Commitment (New)

Policy Type: Financial Institution Buyer Credit (FIBC)

Coverage Type/Term: Comprehensive/ST

Insured: CoBank, ACB, Greenwood Village, CO

Insurance Broker: Export Insurance Agency, Walpole, MA

Products: Grains, such as corn, soy meal, fishmeal, wheat & sorghum

Ex-Im Bank Liability (Millions): $1 - $5

Credit Committee Decision: Approved