[Federal Register Volume 70, Number 189 (Friday, September 30, 2005)]
[Notices]
[Page 57315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-5321]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4917-N-06]


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 (FHA) debentures, in accordance with authority 
provided in the National Housing Act.

FOR FURTHER INFORMATION CONTACT: Richard Keyser, Office of Evaluation, 
Department of Housing and Urban Development, 451 Seventh Street, SW., 
Room 2232, Washington, DC 20410, telephone (202) 755-7500, 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 1713(j)), and in 
accordance with HUD's regulations at 24 CFR 203.409 and 207.259(e)(3), 
the Assistant Secretary for Housing-Federal Housing Commissioner, with 
the approval of the Secretary of HUD and the Secretary of Treasury, 
announces the call of all FHA debentures, with a coupon rate of 5.75 
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, 2005. The date of the call is 
January 1, 2006.
    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 Department of the Treasury on or 
after December 12, 2005. 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, 2006, will be 
made automatically to the registered holder.

    Dated: September 23, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for Housing.
 [FR Doc. E5-5321 Filed 9-29-05; 8:45 am]
BILLING CODE 4210-27-P