[Federal Register Volume 59, Number 246 (Friday, December 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31600]
[[Page Unknown]]
[Federal Register: December 23, 1994]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Implementation Date for Issuance of Federal Housing
Administration (FHA) Debentures in Book-Entry Form
AGENCY: Bureau of the Public Debt, Fiscal Service, Department of the
Treasury.
ACTION: Notice.
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SUMMARY: This notice is being published to announce the implementation
date for the issuance of Federal Housing Administration (FHA)
Debentures in book-entry form. The Supplemental Regulations Governing
FHA Debentures were amended by a final rule issued August 17, 1994 to
provide for issuance of such debentures in book-entry form.
EFFECTIVE DATE: January 4, 1995.
FOR FURTHER INFORMATION CONTACT: Fred Pyatt, Director, Division of
Special Investments, Bureau of the Public Debt (304) 480-7752; Ed
Gronseth, Deputy Chief Counsel, or Jim Kramer-Wilt.
SUPPLEMENTARY INFORMATION: On September 30, 1994, the Department of
Housing and Urban Development published a final rule in the Federal
Register (59 FR 49813) to revise 24 CFR Parts 200, 203, 207, 220, 221,
235, 236, 237, 241, and 242 to allow for the issuance of debentures for
mortgage insurance claims in book-entry form.
On August 17, 1994, the Department of the Treasury published a
final rule in the Federal Register (59 FR 42161) to amend 31 CFR Part
337, Supplemental Regulations Governing Federal Housing Administration
(FHA) Debentures, also to provide for the issuance of such debentures
in book-entry form. Revised Section 337.6 also states that the
implementation date for the book-entry debenture system is to be
announced in advance by separate public notice.
In accordance with Sec. 337.6, it is hereby announced that
implementation of the FHA book-entry debenture system is scheduled to
begin January 4, 1995. Requests received on or after January 3, 1995,
by the Federal Reserve Bank of Philadelphia for the issuance of
debentures in satisfaction of mortgage insurance claims will be honored
by the issuance of debentures in exclusively book-entry form. Owners of
certificated debentures may also convert the debentures to book-entry
form upon appropriate request, beginning on that date.
Dated: December 1, 1994.
Richard L. Gregg,
Commissioner of the Public Debt.
[FR Doc. 94-31600 Filed 12-22-94; 8:45 am]
BILLING CODE 4810-39-W
