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Table of Contents

Page

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii

Supplementary Tables for Credit Programs

Table 1 - Direct Loans: Subsidy Rates, Obligations, and Average Loan Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Table 2 - Loan Guarantees: Subsidy Rates, Commitments, and Average Loan Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Table 3 - Direct Loans: Assumptions Underlying the 2007 Subsidy Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Table 4 - Loan Guarantees: Assumptions Underlying the 2007 Subsidy Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Table 5 - Direct Loans: Assumptions Underlying the 2008 Subsidy Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Table 6 - Loan Guarantees: Assumptions Underlying the 2008 Subsidy Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Table 7 - Direct Loans: Subsidy Reestimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Table 8 - Loan Guarantees: Subsidy Reestimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

Table 9 - Direct Loan Program Disbursement Rates in the 2008 Budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63

Table 10 - Loan Guarantee Program Disbursement Rates in the 2008 Budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67

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Table 2.LOAN GUARANTEES: SUBSIDY RATES, COMMITMENTS, AND AVERAGE LOAN SIZEContinued

(in thousands of dollars, unless noted otherwise)

Agency, Bureau, Program and Risk Category BEA Category

2007 2008

Subsidy rate(percent) Commitments

Average loansize

Subsidy rate(percent) Commitments

Average loansize

Other Independent Agencies

Export-Import Bank of the United States:Short, Medium, and Long Term Guarantees and Insurance Program:

Risk Category A ............................................................................................................................................... Discretionary 2.60 6,551,000 4,540 1.37 4,671,000 4,539Risk Category B ............................................................................................................................................... Discretionary 1.72 9,309,000 4,539 3.06 1 4,043,000 4,539

1 Does not match the rate published in the Appendix, but is the correct rate and will be used for execution.

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Table 5.DIRECT LOANS: ASSUMPTIONS UNDERLYING THE 2008 SUBSIDY ESTIMATESContinued

(in percentages, unless noted otherwise)

Agency, Bureau, Program and Risk Category Subsidyrate

Composition of Subsidy Loan Characteristics

Defaults,net of

recoveriesInterest Fees All other

Loanmaturity(years)

Borrowerrate

Graceperiod(years)

Upfrontfees

Annualfees

Otherfees

Defaultrate1

Recoveryrate2

Veterans Health Administration:Transitional Housing for Homeless Veterans ........................ 72.10 95.45 23.34 .................. ................ 35 5.17 .............. ................ .............. ................ 217.58 ................

International Assistance Programs

Overseas Private Investment Corporation:OPIC Direct Loans ................................................................. 3.22 13.60 1.31 9.08 ................ 10 6.67 5 0.40 1.50 ................ 33.76 50.00

Small Business Administration

General Business Loan Programs:Section 7(m) Microloans ........................................................ .................. 60.05 2.10 . .. .. .. .. .. .. .. .. . 2.15 10 5.99 1 . .. .. .. .. .. .. .. . . .. .. .. .. .. .. . . .. .. .. .. .. .. .. . . .. .. .. .. .. .. .. . . .. .. .. .. .. .. .. .

Disaster Loan Program:Disaster Assistance ................................................................ 16.27 10.25 11.47 .................. 5.45 21 3.94 1 ................ .............. ................ 24.01 15.56


Export-Import Bank of the United States:Long and Medium Term Loans (including Tied Aid) ............ 33.01 5.97 31.50 4.46 .. .. ... .. .. .. ... 24 1.50 4 . .. .. ... .. .. .. .. 4.67 .. ... .. .. ... .. .. 12.22 .. .. .. ... .. .. .. .

* Nonzero amount rounds to zero.1 Lifetime defaults as a percentage of disbursements.2

Recoveries as a percentage of lifetime defaults.3 Subsidy estimates are based on total cash receipts curves. Default component includes net expected inflows and outflows where insufficient data is available to identify the source.4 Does not match the rate published in the Appendix, but is the correct rate and will be used for execution.5 Fees included in the All other component.6 Default component reflects recoveries only; defaults are included in the All other component.

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5 Reestimates have not yet been calculated.6 Includes the SLS loan program, for which loans were last originated in 1994.7 The SMG program was brought on budget as subject to the Federal Credit Reform Act in 2004. The 2004 cohort includes activity for all cohorts prior to and including 2004.

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Table 9.DIRECT LOAN PROGRAM DISBURSEMENT RATES IN THE 2008 BUDGET1Continued

Agency, Bureau, Program and Risk Category

Percentage of total disbursements made in year:

Ten and

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g y, , g g yOne Two Three Four Five Six Seven Eight Nine

Ten andLater


General Business Loan Programs:Section 7(m) Microloans . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 26 47 17 6 3 1 * . .. .. .. .. .. .. .. . . .. .. .. .. .. .. .. . . .. .. .. .. .. .. .. .

Disaster Loan Program:Disaster Assistance ................................................................................................................................ 68 28 5 ................ ................ ................ ................ ................ ................ ................


Export-Import Bank of the United States:Long and Medium Term Loans (including Tied Aid) ............................................................................ 10 50 25 15 ................ ................ ................ ................ ................ ................

* Nonzero amount rounds to zero, based on units for this column.1 In some cases, disbursement rates may not add to 100 percent due to cancellations between the time of obligation and disbursement.

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Table 10.LOAN GUARANTEE PROGRAM DISBURSEMENT RATES IN THE 2008 BUDGET1Continued

Agency, Bureau, Program and Risk Category

Percentage of total disbursements made in year:

One Two Three Four Five Six Seven Eight NineTen and

L t

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One Two Three Four Five Six Seven Eight Nine Later


General Business Loan Programs:7(a) General Business Loans ................................................................................................................ 65 32 2 * * * * * * * Section 504 Certified Development Companies Debentures ............................................................... 27 52 17 3 1 * * * * ................SBIC Debentures ................................................................................................................................... 24 38 19 12 7 ................ ................ ................ ................ ................Secondary Market Guarantee ............................................................................................................... 100 ................ ................ ................ ................ ................ ................ ................ ................ ................


Export-Import Bank of the United States:Short, Medium, and Long Term Guarantees and Insurance Program:

Risk Category A ................................................................................................................................ 100 ................ ................ ................ ................ ................ ................ ................ ................ ................Risk Category B ................................................................................................................................ 25 75 ................ ................ ................ ................ ................ ................ ................ ................

* Nonzero amount rounds to zero, based on units for this column.1 In some cases, disbursement rates may not add to 100 percent due to cancellations between the time of obligation and disbursement.

Documents

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