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Summary of the Meeting of the Board of Directors

Thursday, December 29, 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 29, 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: Thursday, December 22, 2011


EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
DECEMBER 29, 2011

ITEM 1 Minutes of December 1, 2011 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.

ITEM 2 Minutes of December 9, 2011 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.

ITEM 3
Country CHINA Policy Nos.: ELC-113027 & ELC-154245
Request For Special Delegated Authority
Policy Type Bank Letter of Credit Coverage Type/Term Comprehensive/ST

Insureds: Wells Fargo Bank, NA;
The Toronto Dominion Bank;
and other ELC policy holders
Obligors: Bank of China Ltd
Bank of Communications
China Minsheng Banking Corp., Ltd.
China Construction Bank Co., Ltd
Agricultural Bank of China
Industrial and Commercial Bank of China, Ltd.
End User: Various
Guarantor: None
Exporters: Various
Brokers: Export Insurance Agency, Walpole, MA
Johnson Downey Klein, Inc., Columbus, OH
Product: Bulk Agricultural Products (Soybeans, Cotton), Manufactured Goods
Ex-Im Bank Liability (Millions): $20+

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

ITEM 4
Country INDIA Policy No.: ELC-113027
Request For Issuing Bank Credit Limit
Policy Type Bank Letter of Credit Coverage Type/Term Comprehensive/ST

Insureds: Wells Fargo Bank, N.A., Philadelphia, PA
Obligors: Indusind Bank Limited, Mumbai, India
End User: Indian Farmers Fertiliser Cooperative Limited, New Delhi, India
Guarantor: None
Exporters: Phosphate Chemicals Export Association, Inc., Lincolnshire, IL
Brokers: Export Insurance Agency, Walpole, MA
Product: Diammonium Phosphate for Fertilizer
Ex-Im Bank Liability (Millions): $20+

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

ITEM 5
Country INDIA Tracking Number: 521212
Request For Special Delegated Authority Policy No.: ELC-113027
Policy Type Bank Letter of Credit Coverage Type/Term Comprehensive/ST

Insureds: Wells Fargo Bank, N.A., Philadelphia, PA and Various Other Banks
Obligors: State Bank of India, Chennai City, India
End User: Indian Potash Limited, Chennai City, India & Various Other End-Users
Guarantor: None
Exporters: Various Including Phosphate Chemicals Export Association, Inc., Lincolnshire, IL
Brokers: Export Insurance Agency, Walpole, MA
Product: Diammonium Phosphate for Fertilizer, and Various Other Products
Ex-Im Bank Liability (Millions): $20+

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