[Federal Register Volume 67, Number 58 (Tuesday, March 26, 2002)]
[Notices]
[Page 13790]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-7246]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4463-N-09]


Notice of FHA Debenture Call

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

ACTION: Notice.

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SUMMARY: This Notice announces a debenture recall of certain Federal 
Housing Administration (FHA) 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: In accordance with sections 204(c) and 
207(j) of the National Housing Act, 12 U.S.C. 1710(c) and 1713(j), and 
in accordance with HUD's regulation at 24 CFR 203.409 and 
207.259(e)(3), the Federal Housing Commissioner, with the approval of 
the Secretary of the Treasury, announces the call of all FHA 
debentures, with a coupon rate of 7.125 percent or above, except for 
those debentures subject to ``debenture lock agreements'', that have 
been registered on the books of the Bureau of Public Debt, Department 
of the Treasury, and are, therefore, ``outstanding'' as of March 29, 
2002. The date of the call is July 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 May 
15, 2002. 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 July 1, 2002, will be made automatically 
to the registered holder.

    Dated: March 20, 2002.
John C. Weicher,
Assistant Secretary for Housing, Federal Housing Commissioner.
[FR Doc. 02-7246 Filed 3-25-02; 8:45 am]
BILLING CODE 4210-27-P