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Summary of the Meeting of the Board of Directors

Thursday, December 22, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, December 22, 2011, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Saturday, December 15, 2012


EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
DECEMBER 22, 2011

ITEM NO 1 Minutes of November 14, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, and Director Loui all voted in favor of the minutes.
Director Walther abstained.

ITEM NO 2 Minutes of November 17, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all approved
the minutes.

ITEM NO 3 Minutes of November 22, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all approved
the minutes.

ITEM NO 4
Country TURKEY - AP079335XX
Request: Restructuring
Borrower: T.C. Basbakani Baskanliginda Dar???afaka Cemiyeti
Exporter: Saba Industries

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted in favor of
the restructuring.

ITEM NO 5
Country: NIGERIA POLICY NO. ESC-252288
Request: RENEWAL OF SPECIAL BUYER CREDIT LIMIT
Insured: ABRO Industries, Inc., South Bend, IN
Buyer: COSCHARIS MOTORS LIMITED, LAGOS, NIGERIA
Borrower: COSCHARIS MOTORS LIMITED, LAGOS, NIGERIA
Guarantor: NONE
Exporter: ABRO INDUSTRIES, INC., SOUTH BEND, IN
Supplier: ABRO INDUSTRIES, INC., SOUTH BEND, IN
Insurance Broker: TRADE ACCEPTANCE GROUP (TAG), EDINA, MN
Product Description:NEW ABRO BRANDED AUTOMOTIVE MAINTENANCE PRODUCTS, INDUSTRIAL
SUPPLY PRODUCTS AND FIRE SAFETY PRODUCTS.
Ex-Im Bank Liability (Millions): $5-$20

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the renewal.

ITEM NO 6
Country KOREA, SOUTH AP086730XX
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lndr TD BANK, N.A., MOUNT LAUREL NJ
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.