Summary of the Meeting of the Board of Directors

Date Scheduled

Completed

Agenda
9:30 A.M.


I. NON-CLASSIFIED ITEMS:


OPEN: NONE

CLOSED:



TRADE FINANCE DIVISION

1. COUNTRY: CHINA - ELC 120766 / Tracking No.: 550560

BUYER/OBLIGOR: China Merchants Bank Co., Ltd.

PRODUCTS: Bulk Agricultural Products


2. COUNTRY: RUSSIA - AP087386XX

FOREIGN BUYER: LLC Kastamonu Integrated Wood Industry

PRODUCTS: Generator Sets


CREDIT POLICY COMMITTEE

3. Country Review (CLS Cover Policy and Footnote Changes)


II. CLASSIFIED ITEMS: NONE

Certification for Closure of Meeting
I, Lisa V. Terry, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, January 24, 2013, in the Board Room will disclose information of the kind set forth in Subsection (4) and (9)(B) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.


Lisa V. Terry
Assistant General Counsel
Date Posted
Summary of Minutes

ITEM 1
Country CHINATracking No. 550560
Request For Amendment IncreasePolicy No. ELC 120766
Policy Type Letter of Credit

InsuredsCoBank, Acb, Greenwood Village, CO
Buyer/Obligor China Merchants Bank Co., Ltd., Shenzhen, China
End UserVarious
GuarantorNone
Exporter(s) Various (including CHS, Inc., Inver Grove Heights, MN, CJS Trading Co., Chicago, IL)
BrokerExport Insurance Agency, Walpole, MA
Products/Use Bulk agricultural 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 Amendment Increase.



ITEM NO 2
Country RUSSIA AP087386XX
Request for FINAL COMMITMENT


Applicant GE CAPITAL MARKETS CORPORATE, WASHINGTON DC
Borrower LLC KASTAMONU INTEGRATED WOOD INDUSTRY, TATARSTAN RUSSIA
Guarantor KASTAMONU ENTEGRE AGAC SAN VE TICAS, ISTANBUL TURKEY
Buyer LLC KASTAMONU INTEGRATED WOOD INDUSTRY, TATARSTAN RUSSIA
End-user LLC KASTAMONU INTEGRATED WOOD INDUSTRY, TATARSTAN RUSSIA
Exporter GE PACKAGED POWER INC, HOUSTON TX
Supplier GE PACKAGED POWER INC, HOUSTON TX
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender GE CAPITAL MARKETS CORPORATE, WASHINGTON DC


Project Name NONE
Project Description NATURAL GAS POWER PLANT
Product Description GENERATOR SET
Financed Amount $ 14,835,120
Repayment Term 7 YEARS


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