[Federal Register Volume 59, Number 246 (Friday, December 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31600]


[[Page Unknown]]

[Federal Register: December 23, 1994]


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DEPARTMENT OF THE TREASURY
Fiscal Service

 

Implementation Date for Issuance of Federal Housing 
Administration (FHA) Debentures in Book-Entry Form

AGENCY: Bureau of the Public Debt, Fiscal Service, Department of the 
Treasury.

ACTION: Notice.

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SUMMARY: This notice is being published to announce the implementation 
date for the issuance of Federal Housing Administration (FHA) 
Debentures in book-entry form. The Supplemental Regulations Governing 
FHA Debentures were amended by a final rule issued August 17, 1994 to 
provide for issuance of such debentures in book-entry form.

EFFECTIVE DATE: January 4, 1995.

FOR FURTHER INFORMATION CONTACT: Fred Pyatt, Director, Division of 
Special Investments, Bureau of the Public Debt (304) 480-7752; Ed 
Gronseth, Deputy Chief Counsel, or Jim Kramer-Wilt.

SUPPLEMENTARY INFORMATION: On September 30, 1994, the Department of 
Housing and Urban Development published a final rule in the Federal 
Register (59 FR 49813) to revise 24 CFR Parts 200, 203, 207, 220, 221, 
235, 236, 237, 241, and 242 to allow for the issuance of debentures for 
mortgage insurance claims in book-entry form.
    On August 17, 1994, the Department of the Treasury published a 
final rule in the Federal Register (59 FR 42161) to amend 31 CFR Part 
337, Supplemental Regulations Governing Federal Housing Administration 
(FHA) Debentures, also to provide for the issuance of such debentures 
in book-entry form. Revised Section 337.6 also states that the 
implementation date for the book-entry debenture system is to be 
announced in advance by separate public notice.
    In accordance with Sec. 337.6, it is hereby announced that 
implementation of the FHA book-entry debenture system is scheduled to 
begin January 4, 1995. Requests received on or after January 3, 1995, 
by the Federal Reserve Bank of Philadelphia for the issuance of 
debentures in satisfaction of mortgage insurance claims will be honored 
by the issuance of debentures in exclusively book-entry form. Owners of 
certificated debentures may also convert the debentures to book-entry 
form upon appropriate request, beginning on that date.

    Dated: December 1, 1994.
Richard L. Gregg,
Commissioner of the Public Debt.
[FR Doc. 94-31600 Filed 12-22-94; 8:45 am]
BILLING CODE 4810-39-W