[Federal Register Volume 69, Number 187 (Tuesday, September 28, 2004)]
[Notices]
[Pages 57956-57957]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-21671]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4917-N-03]


Notice of FHA Debenture Call

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

ACTION: Notice.

-----------------------------------------------------------------------

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, Office of Evaluation, 
Room 2232, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410-8000, telephone (202) 755-7510, 
extension 7546. 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) and section 1713(j), and in 
accordance with HUD's regulations at 24 CFR 203.409 and Sec.  
207.259(e)(3), the Assistant Secretary for Housing-Federal Housing 
Commissioner, with the approval of the Secretary of the Treasury, 
announces the call of all FHA debentures with a coupon rate of 6 
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 September 30, 2004. The date of the call is 
January 1, 2005.
    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.

[[Page 57957]]

    No transfer of debentures covered by the foregoing call will be 
made on the books maintained by the Treasury Department on or after 
December 1, 2004. 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, 2005, will be 
made automatically to the registered holder.

    Dated: September 17, 2004.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 04-21671 Filed 9-27-04; 8:45 am]
BILLING CODE 4210-27-P