95-55. Surety Companies Acceptable on Federal Bonds; Suspension of Authority; Municipal Bond Investors Assurance Corporation

[Federal Register Volume 60, Number 2 (Wednesday, January 4, 1995)]
[Notices]
[Page 531]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-55]



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DEPARTMENT OF THE TREASURY
[Dept. Circ. 570, 1994--Rev., Supp. No. 4]


Surety Companies Acceptable on Federal Bonds; Suspension of 
Authority; Municipal Bond Investors Assurance Corporation

    Notice is hereby given that the Certificate of Authority issued by 
the Treasury to Municipal Bond Investors Assurance Corporation, of 
Armonk, New York, under the United States Code, Title 31, Sections 
9304-9308, to qualify as an acceptable surety on Federal bonds is 
hereby suspended at the Company's request, effective today. The 
suspension will remain in effect until further notice.
    The Company was last listed as an acceptable surety on Federal 
bonds at 59 FR 34166, July 1, 1994. Federal bond-approving officers 
should annotate their reference copies of Treasury Circular 570 to 
reflect the suspension.
    With respect to any surety bonds currently in force with Municipal 
Bond Investors Assurance Corporation, bond-approving officers for the 
Government may let such bonds run to expiration and need not secure new 
bonds. However, no new surety bonds should be accepted from the 
Company. In addition, surety bonds that are continuous in nature should 
not be renewed.
    Questions concerning this notice may be directed to the Department 
of the Treasury, Financial Management Service, Funds Management 
Division, Surety Bond Branch, Hyattsville, MD 20782, telephone (202) 
874-6850.

    Dated: December 20, 1994.
Charles F. Schwan III,
Director, Funds Management Division, Financial Management Service.
[FR Doc. 95-55 Filed 1-3-95; 8:45 am]
BILLING CODE 4810-35-M