[Federal Register Volume 66, Number 189 (Friday, September 28, 2001)]
[Notices]
[Page 49689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-24262]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4463-N-08]


Notice of FHA Debenture Call

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: This Notice announces a debenture recall of certain Federal 
Housing Administration debentures, in accordance with authority 
provided in the National Housing Act.

FOR FURTHER INFORMATION CONTACT: Richard Keyser, Room 3119P, L'Enfant 
Plaza, Department of Housing and Urban Development, 451 Seventh Street, 
SW., Washington, DC 20410, telephone (202) 755-7510 x137. This is not a 
toll-free number.

SUPPLEMENTARY INFORMATION: Pursuant to Sections 204(c) and 207(j) of 
the National Housing Act, 12 U.S.C. 1710(c), 1713(j), and in accordance 
with HUD's regulation at 24 CFR 203.409 and 207.259(e)(3), the Federal 
Housing Commissioner, with approval of the Secretary of the Treasury, 
announces the call of all Federal Housing Administration debentures, 
with a coupon rate of 6.375 percent or above, except for those 
debentures subject to ``debenture lock agreements'', that have been 
registered on the books of the Federal Reserve Bank of Philadelphia, 
and are, therefore, ``outstanding'' as of September 30, 2001. The date 
of the call is January 1, 2002.
    The debentures will be redeemed at par plus accrued interest. 
Interest will cease to accrue on the debentures as of the call date. 
Final interest on any called debentures will be paid with the principal 
at redemption.
    During the period from the date of this notice to the call date, 
debentures that are subject to the call may not be used by the 
mortgagee for a special redemption purchase in payment of a mortgage 
insurance premium.
    No transfer of debentures covered by the foregoing call will be 
made on the books maintained by the Treasury Department on or after 
October 1, 2001. This does not affect the right of the holder of a 
debenture to sell or assign the debenture on or after this date. 
Payment of final principal and interest due on January 1, 2002, will be 
made automatically to the registered holder.

    Dated: September 21, 2001.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 01-24262 Filed 9-27-01; 8:45 am]
BILLING CODE 4210-27-P