[Federal Register Volume 76, Number 60 (Tuesday, March 29, 2011)]
[Notices]
[Pages 17429-17430]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-7279]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5501-N-01]


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 call of certain Federal 
Housing Administration (FHA) debentures, in accordance with authority 
provided in the National Housing Act.

FOR FURTHER INFORMATION CONTACT: Yong Sun, Federal Housing 
Administration, Financial Reporting Division, Department of Housing and 
Urban Development, 451 Seventh Street, SW., Room 5148, Washington, DC 
20410, telephone (202) 402-4778. This is not a toll-free number.

SUPPLEMENTARY INFORMATION: Pursuant to section 207(j) of the National 
Housing Act, 12 U.S.C. 1713(j), and in accordance with HUD's regulation 
at 24 CFR 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 4.5 percent or above, except for those debentures subject to 
``debenture lock agreements,'' that have been registered on the books 
of the Bureau of the Public Debt, Department of the Treasury, and are, 
therefore, ``outstanding'' as of March 31, 2011. The date of the call 
is July 1, 2011.
    The debentures will be redeemed at par plus accrued interest. 
Interest will cease to accrue on the debentures as of the call date. At 
redemption, final interest on any called debentures will be paid along 
with the principal. Payment of final principal and interest due on July 
1, 2011, will be made automatically to the registered holder.
    During the period from the date of this notice to the call date, 
debentures

[[Page 17430]]

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 U.S. Department of the Treasury on 
or after June 10, 2011. This debenture call does not affect the right 
of the holder of a debenture to sell or assign the debenture on or 
after this date.

    Dated: March 22, 2011.
David H. Stevens,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2011-7279 Filed 3-28-11; 8:45 am]
BILLING CODE 4210-67-P