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Treasury Authorizes HUD Call of FHA Insurance Fund Debentures September 27, 2002


September 27, 2002

The Departments of Treasury and Housing and Urban Development announced today the call of all Federal Housing Administration (FHA) insurance fund debentures with an interest rate of 6.25 or above outstanding as of September 30, 2002. Debentures issued with a debenture lock agreement are not subject to the call. Debentures registered on the books of Bureau of the Public Debt as of September 30, 2002 are considered “outstanding”. The date of call for the redemption of approximately $175 million in debentures is January 1, 2003, with the semi- annual interest due January 1, 2003 paid along with the debenture principal.

Debenture owners of record as of September 30, 2002, will be notified by mail of the call. No transfers in debentures covered by the call will be made on the books of the U.S. Treasury on or after November 15, 2002. Should investors have questions they should contact the Bureau of the Public Debt's Division of Special Investments at (304) 480-5299.