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Fast Facts: EXPORT-IMPORT BANK

FACT: The U.S. Export-Import Bank (Ex-Im) supports 290,000 American export-related jobs at more than 3,600 companies. FACT: In FY 2011, Ex-Im provided $32.7 billion in direct export financing a 33.8% increase compared to the previous year. FACT: A large portion of Ex-Im transactions are for small businesses. In FY 2011, Ex-Im authorized $6 billion for small businesses a 19.5% increase compared to the previous year. On average, 85% of Ex-Im Bank transactions are for small businesses. More than 672 small businesses used Ex-Im for the first-time in FY 2011. FACT: In FY 2011, Ex-Im authorized $7 billion in export-credit insurance, of which small-business insurance authorizations totaled $3.3 billion or 47% of authorizations. FACT: Since 2005, Ex-Im has generated over $3.4 billion above costs and loan reserves for the U.S. Treasury. FACT: Many countries have an Ex-Im Bank in place to subsidize exports. China, for example, has three such institutions. According to the U.S. Ex-Im mission statement, We help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.

What is the Export-Import Bank?

The Export-Import Bank of the United States (Ex-Im) is the official export credit agency of the United States. Ex-Ims mission is to assist in financing the export of U.S. goods and services to international markets. Ex-Im does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. Ex-Im Bank provides working capital guarantees (pre-export financing); export credit insurance; and loan guarantees and direct loans (buyer financing). For more information, view www.exim.gov.

May 2012

FACT: A selection of key industries supported by Ex-Im during FY 2011 include: Environment. $889 million authorized to support over $1.3 billion of U.S. exports of environmentally beneficial goods and services. Energy. $3.2 billion of U.S. export sales financed to oil-field and gas-field exploration, development and production projects, two oil-refinery projects, an ethanol production facility and a natural gas pipeline project. Construction. $1.2 billion approved in support of U.S. construction equipment and services exports to many foreign projects, including $38.5 million for exports used in highway construction in the Dominican Republic. Services. More than $5 billion authorized to support U.S. services exports, including engineering, design, construction, computer software, oil and gas drilling, architecture, transportation services, legal services, training and consulting. Agriculture. $830 million authorized to support U.S. agribusiness exports, including farm equipment, commodities, livestock, foodstuffs, farm equipment, chemicals, supplies and services.

Financial Services HOTLINE: If you have questions about this topic or any other issue facing financial services, please reach out to Abby McCloskey, Director of Research at the Financial Services Roundtable, at 202-589-2531 or Scott Talbott, Senior Vice President of Government Affairs, at 202-2894322. Learn more about the Financial Services Industry at www.OurFinancialFuture.com. OurFinancialFuture.com is continuously updated to bring you the most useful information about the industry in real-time.

May 2012