Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates, 36246-36247 [E9-17325]
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36246
Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices
Dated: July 16, 2009.
Lillian Deitzer,
Departmental Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. E9–17490 Filed 7–21–09; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5276–N–02]
Mortgage and Loan Insurance
Programs Under the National Housing
Act—Debenture Interest Rates
jlentini on DSKJ8SOYB1PROD with NOTICES
AGENCY: Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
SUMMARY: This notice announces
changes in the interest rates to be paid
on debentures issued with respect to a
loan or mortgage insured by the Federal
Housing Administration under the
provisions of the National Housing Act
(the Act). The interest rate for
debentures issued under section
221(g)(4) of the Act during the 6-month
period beginning July 1, 2009, is 33⁄8
percent. The interest rate for debentures
issued under any other provision of the
Act is the rate in effect on the date that
the commitment to insure the loan or
mortgage was issued, or the date that the
loan or mortgage was endorsed (or
initially endorsed if there are two or
more endorsements) for insurance,
whichever rate is higher. The interest
rate for debentures issued under these
other provisions with respect to a loan
or mortgage committed or endorsed
during the 6-month period beginning
July 1, 2009, is 41⁄8 percent. However, as
a result of an amendment to section 224
of the Act, if an insurance claim relating
to a mortgage insured under sections
203 or 234 of the Act and endorsed for
insurance after January 23, 2004, is paid
in cash, the debenture interest rate for
purposes of calculating a claim shall be
the monthly average yield, for the
month in which the default on the
mortgage occurred, on United States
Treasury Securities adjusted to a
constant maturity of 10 years.
FOR FURTHER INFORMATION CONTACT:
Yong Sun, Department of Housing and
Urban Development, 451 Seventh Street,
SW., Room 5148, Washington, DC
20410–8000; telephone (202) 402–4778
(this is not a toll-free number).
Individuals with speech or hearing
impairments may access this number
through TTY by calling the toll-free
Federal Information Relay Service at
(800) 877–8339.
VerDate Nov<24>2008
16:04 Jul 21, 2009
Jkt 217001
Section
224 of the National Housing Act (12
U.S.C. 1715o) provides that debentures
issued under the Act with respect to an
insured loan or mortgage (except for
debentures issued pursuant to section
221(g)(4) of the Act) will bear interest at
the rate in effect on the date the
commitment to insure the loan or
mortgage was issued, or the date the
loan or mortgage was endorsed (or
initially endorsed if there are two or
more endorsements) for insurance,
whichever rate is higher. This provision
is implemented in HUD’s regulations at
24 CFR 203.405, 203.479, 207.259(e)(6),
and 220.830. These regulatory
provisions state that the applicable rates
of interest will be published twice each
year as a notice in the Federal Register.
Section 224 further provides that the
interest rate on these debentures will be
set from time to time by the Secretary
of HUD, with the approval of the
Secretary of the Treasury, in an amount
not in excess of the annual interest rate
determined by the Secretary of the
Treasury pursuant to a statutory formula
based on the average yield of all
outstanding marketable Treasury
obligations of maturities of 15 or more
years.
The Secretary of the Treasury (1) has
determined, in accordance with the
provisions of section 224, that the
statutory maximum interest rate for the
period beginning July 1, 2009, is 41⁄8
percent; and (2) has approved the
establishment of the debenture interest
rate by the Secretary of HUD at 41⁄8
percent for the 6-month period
beginning July 1, 2009. This interest rate
will be the rate borne by debentures
issued with respect to any insured loan
or mortgage (except for debentures
issued pursuant to section 221(g)(4))
with insurance commitment or
endorsement date (as applicable) within
the latter 6 months of 2009.
For convenience of reference, HUD is
publishing the following chart of
debenture interest rates applicable to
mortgages committed or endorsed since
January 1, 1980:
SUPPLEMENTARY INFORMATION:
Effective
interest rate
On or after
Prior to
91⁄2 .................
97⁄8 .................
113⁄4 ...............
127⁄8 ...............
123⁄4 ...............
101⁄4 ...............
103⁄8 ...............
111⁄2 ...............
133⁄8 ...............
115⁄8 ...............
111⁄8 ...............
101⁄4 ...............
Jan. 1, 1980
July 1, 1980
Jan. 1, 1981
July 1, 1981
Jan. 1, 1982
Jan. 1, 1983
July 1, 1983
Jan. 1, 1984
July 1, 1984
Jan. 1, 1985
July 1, 1985
Jan. 1, 1986
July 1, 1980
Jan. 1, 1981
July 1, 1981
Jan. 1, 1982
Jan. 1, 1983
July 1, 1983
Jan. 1, 1984
July 1, 1984
Jan. 1, 1985
July 1, 1985
Jan. 1, 1986
July 1, 1986
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
Effective
interest rate
On or after
Prior to
81⁄4 .................
8 .....................
9 .....................
91⁄8 .................
93⁄8 .................
91⁄4 .................
9 .....................
81⁄8 .................
9 .....................
83⁄4 .................
81⁄2 .................
8 .....................
8 .....................
73⁄4 .................
7 .....................
65⁄8 .................
73⁄4 .................
83⁄8 .................
71⁄4 .................
61⁄2 .................
71⁄4 .................
63⁄4 .................
71⁄8 .................
63⁄8 .................
61⁄8 .................
51⁄2 .................
61⁄8 .................
61⁄2 .................
61⁄2 .................
6 .....................
57⁄8 .................
51⁄4 .................
53⁄4 .................
5 .....................
41⁄2 .................
51⁄8 .................
51⁄2 .................
47⁄8 .................
41⁄2 .................
47⁄8 .................
53⁄8 .................
43⁄4 .................
5 .....................
41⁄2 .................
45⁄8 .................
41⁄8 .................
41⁄8 .................
July 1, 1986
Jan. 1, 1987
July 1, 1987
Jan. 1, 1988
July 1, 1988
Jan. 1, 1989
July 1, 1989
Jan. 1, 1990
July 1, 1990
Jan. 1, 1991
July 1, 1991
Jan. 1, 1992
July 1, 1992
Jan. 1, 1993
July 1, 1993
Jan. 1, 1994
July 1, 1994
Jan. 1, 1995
July 1, 1995
Jan. 1, 1996
July 1, 1996
Jan. 1, 1997
July 1, 1997
Jan. 1, 1998
July 1, 1998
Jan. 1, 1999
July 1, 1999
Jan. 1, 2000
July 1, 2000
Jan. 1, 2001
July 1, 2001
Jan. 1, 2002
July 1, 2002
Jan. 1, 2003
July 1, 2003
Jan. 1, 2004
July 1, 2004
Jan. 1, 2005
July 1, 2005
Jan. 1, 2006
July 1, 2006
Jan. 1, 2007
July 1, 2007
Jan. 1, 2008
July 1, 2008
Jan. 1, 2009
July 1, 2009
Jan. 1. 1987
July 1, 1987
Jan. 1, 1988
July 1, 1988
Jan. 1, 1989
July 1, 1989
Jan. 1, 1990
July 1, 1990
Jan. 1, 1991
July 1, 1991
Jan. 1, 1992
July 1, 1992
Jan. 1, 1993
July 1, 1993
Jan. 1, 1994
July 1, 1994
Jan. 1, 1995
July 1, 1995
Jan. 1, 1996
July 1, 1996
Jan. 1, 1997
July 1, 1997
Jan. 1, 1998
July 1, 1998
Jan. 1, 1999
July 1, 1999
Jan. 1, 2000
July 1, 2000
Jan. 1, 2001
July 1, 2001
Jan. 1, 2002
July 1, 2002
Jan. 1, 2003
July 1, 2003
Jan. 1, 2004
July 1, 2004
Jan. 1, 2005
July 1, 2005
Jan. 1, 2006
July 1, 2006
Jan. 1, 2007
July 1, 2007
Jan. 1, 2008
July 1, 2008
Jan. 1, 2009
July 1, 2009
Jan. 1, 2010
Section 215 of Division G, Title II of
Public Law 108–199, enacted January
23, 2004 (HUD’s 2004 Appropriations
Act) amended section 224 of the Act, to
change the debenture interest rate for
purposes of calculating certain
insurance claim payments made in cash.
Therefore, for all claims paid in cash on
mortgages insured under section 203 or
234 of the National Housing Act and
endorsed for insurance after January 23,
2004, the debenture interest rate will be
the monthly average yield, for the
month in which the default on the
mortgage occurred, on United States
Treasury Securities adjusted to a
constant maturity of 10 years, as found
in Federal Reserve Statistical Release H–
15. The Federal Housing Administration
has codified this provision in HUD
regulations at 24 CFR 203.405(b) and 24
CFR 203.479(b).
E:\FR\FM\22JYN1.SGM
22JYN1
Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices
Section 221(g)(4) of the Act provides
that debentures issued pursuant to that
paragraph (with respect to the
assignment of an insured mortgage to
the Secretary) will bear interest at the
‘‘going Federal rate’’ in effect at the time
the debentures are issued. The term
‘‘going Federal rate’’ is defined to mean
the interest rate that the Secretary of the
Treasury determines, pursuant to a
statutory formula based on the average
yield on all outstanding marketable
Treasury obligations of 8- to 12-year
maturities, for the 6-month periods of
January through June and July through
December of each year. Section 221(g)(4)
is implemented in the HUD regulations
at 24 CFR 221.255 and 24 CFR 221.790.
The Secretary of the Treasury has
determined that the interest rate to be
borne by debentures issued pursuant to
section 221(g)(4) during the 6-month
period beginning July 1, 2009, is 33⁄8
percent.
The subject matter of this notice falls
within the categorical exemption from
HUD’s environmental clearance
procedures set forth in 24 CFR
50.19(c)(6). For that reason, no
environmental finding has been
prepared for this notice.
(Authority: Sections 211, 221, 224, National
Housing Act, 12 U.S.C. 1715b, 1715l, 1715o;
Section 7(d), Department of HUD Act, 42
U.S.C. 3535(d).)
Dated: July 10, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary
for Housing—Federal Housing Commissioner.
[FR Doc. E9–17325 Filed 7–21–09; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
Fish and Wildlife Service
[FWS–R3–MB–2009–N149] [30120–1113–
0000–D3]
Information Collection Sent to the
Office of Management and Budget
(OMB) for Approval; Bald Eagle Postdelisting Monitoring
jlentini on DSKJ8SOYB1PROD with NOTICES
AGENCY: Fish and Wildlife Service,
Interior.
ACTION: Notice; request for comments.
SUMMARY: We (Fish and Wildlife
Service, Service) have sent an
Information Collection Request (ICR) to
OMB for review and approval. The ICR,
which is summarized below, describes
the nature of the collection and the
estimated burden and cost. We may not
conduct or sponsor and a person is not
required to respond to a collection of
information unless it displays a
currently valid OMB control number.
VerDate Nov<24>2008
16:04 Jul 21, 2009
Jkt 217001
DATES: You must send comments on or
before August 21, 2009.
ADDRESSES: Send your comments and
suggestions on this information
collection to the Desk Officer for the
Department of the Interior at OMB-OIRA
at (202) 395-5806 (fax) or
OIRA_DOCKET@OMB.eop.gov (e-mail).
Please provide a copy of your comments
to Hope Grey, Information Collection
Clearance Officer, Fish and Wildlife
Service, MS 222-ARLSQ, 4401 North
Fairfax Drive, Arlington, VA 22203
(mail) or hope_grey@fws.gov (e-mail).
FOR FURTHER INFORMATION CONTACT: To
request additional information about
this ICR, contact Hope Grey by mail or
e-mail (see ADDRESSES) or by telephone
at (703) 358–2482.
SUPPLEMENTARY INFORMATION:
OMB Control Number: None. This is
a new collection.
Title: Bald Eagle Post-delisting
Monitoring.
Type of Request: New.
Affected Public: States, tribes, and
local governments, Federal land
managers, and nongovernmental
partners.
Respondent’s Obligation: Voluntary.
Frequency of Collection: Once every 5
years.
Note: For each 5–year survey, we
estimate a total of 48 respondents will
provide 48 responses totaling 1,478
burden hours. The burden estimates
below are annualized over the 3–year
period of OMB approval.
Estimated Annual Number of
Respondents: 16.
Estimated Total Annual Responses:
16.
Estimated Time per Response: 30.8
hours.
Estimated Total Annual Burden
Hours: 493.
Abstract: This information collection
implements the requirements of the
Endangered Species Act (16 U.S.C. 1531
et seq.) (ESA). The bald eagle in the
lower 48 States was removed from the
List of Endangered and Threatened
Wildlife on August 8, 2007 (July 9,
2007, 72 FR 37346). Section 4(g) of the
ESA requires that all species that are
recovered and removed from the List of
Endangered and Threatened Wildlife
(delisted) be monitored in cooperation
with the States for a period of not less
than 5 years. The purpose of this
requirement is to detect any failure of a
recovered species to sustain itself
without the protections of the ESA.
The bald eagle has a large geographic
distribution that includes a substantial
amount of non-Federal land. Although
the ESA requires that monitoring of
recovered species be conducted for not
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
36247
less than 5 years, the life history of bald
eagles is such that it is appropriate to
monitor this species for a longer period
of time in order to meaningfully
evaluate whether or not the recovered
species continues to maintain its
recovered status.
We plan to monitor the status of the
bald eagle by collecting data on
occupied nests over a 20–year period
with sampling events held once every 5
years. The Post-delisting Monitoring
Plan for the Bald Eagle (Plan) describes
monitoring procedures and methods.
When OMB takes action on this ICR,
we will publish a notice in the Federal
Register announcing the availability of
the final Plan. If you would like a copy
of the Plan before the notice of
availability is published, contact Hope
Grey (see ADDRESSES) or you can obtain
a copy online at https://
www.reginfo.gov.
Comments: On July 9, 2007, we
published a notice of availability for the
draft Plan in the Federal Register (72 FR
37373). We solicited comments for a
period of 90 days, ending on October 9,
2007. In addition, in the fall of 2007, we
gave two web presentations for State
biologists. These presentations focused
on the survey and data collection
methods. We considered all comments
from the Federal Register notice and the
web presentations and addressed them
in the Plan.
Comment: Adequate funding for
monitoring has not been identified.
Response: The Service will fund the
area frame surveys for the initial
baseline survey, including the use of
aircraft and pilots to complete the
surveys. We will continue to work with
the States, tribes, and our other partners
to secure funding for future surveys.
Comment: Five-year intervals between
monitoring are insufficient.
Response: In order to assess several
generations of bald eagles after delisting,
this Plan recommends monitoring bald
eagle nesting populations at 5–year
intervals (which would follow the
development cycle to maturity for one
generation) for four generations or a
total of 20 years. This exceeds the
requirements of the ESA. Many States
monitor bald eagle nests on an annual
basis because the surveys provide
valuable resource data. Some States
have indicated that their future bald
eagle monitoring will be greatly reduced
due to its recovery and the need to
allocate funding to other areas. Thus, 5–
year survey intervals will provide more
data for States where surveys are not
otherwise planned. It may also provide
a cost savings for other States if they can
use these data at 5–year intervals to
satisfy their needs.
E:\FR\FM\22JYN1.SGM
22JYN1
Agencies
[Federal Register Volume 74, Number 139 (Wednesday, July 22, 2009)]
[Notices]
[Pages 36246-36247]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-17325]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5276-N-02]
Mortgage and Loan Insurance Programs Under the National Housing
Act--Debenture Interest Rates
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice announces changes in the interest rates to be paid
on debentures issued with respect to a loan or mortgage insured by the
Federal Housing Administration under the provisions of the National
Housing Act (the Act). The interest rate for debentures issued under
section 221(g)(4) of the Act during the 6-month period beginning July
1, 2009, is 3\3/8\ percent. The interest rate for debentures issued
under any other provision of the Act is the rate in effect on the date
that the commitment to insure the loan or mortgage was issued, or the
date that the loan or mortgage was endorsed (or initially endorsed if
there are two or more endorsements) for insurance, whichever rate is
higher. The interest rate for debentures issued under these other
provisions with respect to a loan or mortgage committed or endorsed
during the 6-month period beginning July 1, 2009, is 4\1/8\ percent.
However, as a result of an amendment to section 224 of the Act, if an
insurance claim relating to a mortgage insured under sections 203 or
234 of the Act and endorsed for insurance after January 23, 2004, is
paid in cash, the debenture interest rate for purposes of calculating a
claim shall be the monthly average yield, for the month in which the
default on the mortgage occurred, on United States Treasury Securities
adjusted to a constant maturity of 10 years.
FOR FURTHER INFORMATION CONTACT: Yong Sun, Department of Housing and
Urban Development, 451 Seventh Street, SW., Room 5148, Washington, DC
20410-8000; telephone (202) 402-4778 (this is not a toll-free number).
Individuals with speech or hearing impairments may access this number
through TTY by calling the toll-free Federal Information Relay Service
at (800) 877-8339.
SUPPLEMENTARY INFORMATION: Section 224 of the National Housing Act (12
U.S.C. 1715o) provides that debentures issued under the Act with
respect to an insured loan or mortgage (except for debentures issued
pursuant to section 221(g)(4) of the Act) will bear interest at the
rate in effect on the date the commitment to insure the loan or
mortgage was issued, or the date the loan or mortgage was endorsed (or
initially endorsed if there are two or more endorsements) for
insurance, whichever rate is higher. This provision is implemented in
HUD's regulations at 24 CFR 203.405, 203.479, 207.259(e)(6), and
220.830. These regulatory provisions state that the applicable rates of
interest will be published twice each year as a notice in the Federal
Register.
Section 224 further provides that the interest rate on these
debentures will be set from time to time by the Secretary of HUD, with
the approval of the Secretary of the Treasury, in an amount not in
excess of the annual interest rate determined by the Secretary of the
Treasury pursuant to a statutory formula based on the average yield of
all outstanding marketable Treasury obligations of maturities of 15 or
more years.
The Secretary of the Treasury (1) has determined, in accordance
with the provisions of section 224, that the statutory maximum interest
rate for the period beginning July 1, 2009, is 4\1/8\ percent; and (2)
has approved the establishment of the debenture interest rate by the
Secretary of HUD at 4\1/8\ percent for the 6-month period beginning
July 1, 2009. This interest rate will be the rate borne by debentures
issued with respect to any insured loan or mortgage (except for
debentures issued pursuant to section 221(g)(4)) with insurance
commitment or endorsement date (as applicable) within the latter 6
months of 2009.
For convenience of reference, HUD is publishing the following chart
of debenture interest rates applicable to mortgages committed or
endorsed since January 1, 1980:
------------------------------------------------------------------------
Effective interest rate On or after Prior to
------------------------------------------------------------------------
9\1/2\......................... Jan. 1, 1980 July 1, 1980
9\7/8\......................... July 1, 1980 Jan. 1, 1981
11\3/4\........................ Jan. 1, 1981 July 1, 1981
12\7/8\........................ July 1, 1981 Jan. 1, 1982
12\3/4\........................ Jan. 1, 1982 Jan. 1, 1983
10\1/4\........................ Jan. 1, 1983 July 1, 1983
10\3/8\........................ July 1, 1983 Jan. 1, 1984
11\1/2\........................ Jan. 1, 1984 July 1, 1984
13\3/8\........................ July 1, 1984 Jan. 1, 1985
11\5/8\........................ Jan. 1, 1985 July 1, 1985
11\1/8\........................ July 1, 1985 Jan. 1, 1986
10\1/4\........................ Jan. 1, 1986 July 1, 1986
8\1/4\......................... July 1, 1986 Jan. 1. 1987
8.............................. Jan. 1, 1987 July 1, 1987
9.............................. July 1, 1987 Jan. 1, 1988
9\1/8\......................... Jan. 1, 1988 July 1, 1988
9\3/8\......................... July 1, 1988 Jan. 1, 1989
9\1/4\......................... Jan. 1, 1989 July 1, 1989
9.............................. July 1, 1989 Jan. 1, 1990
8\1/8\......................... Jan. 1, 1990 July 1, 1990
9.............................. July 1, 1990 Jan. 1, 1991
8\3/4\......................... Jan. 1, 1991 July 1, 1991
8\1/2\......................... July 1, 1991 Jan. 1, 1992
8.............................. Jan. 1, 1992 July 1, 1992
8.............................. July 1, 1992 Jan. 1, 1993
7\3/4\......................... Jan. 1, 1993 July 1, 1993
7.............................. July 1, 1993 Jan. 1, 1994
6\5/8\......................... Jan. 1, 1994 July 1, 1994
7\3/4\......................... July 1, 1994 Jan. 1, 1995
8\3/8\......................... Jan. 1, 1995 July 1, 1995
7\1/4\......................... July 1, 1995 Jan. 1, 1996
6\1/2\......................... Jan. 1, 1996 July 1, 1996
7\1/4\......................... July 1, 1996 Jan. 1, 1997
6\3/4\......................... Jan. 1, 1997 July 1, 1997
7\1/8\......................... July 1, 1997 Jan. 1, 1998
6\3/8\......................... Jan. 1, 1998 July 1, 1998
6\1/8\......................... July 1, 1998 Jan. 1, 1999
5\1/2\......................... Jan. 1, 1999 July 1, 1999
6\1/8\......................... July 1, 1999 Jan. 1, 2000
6\1/2\......................... Jan. 1, 2000 July 1, 2000
6\1/2\......................... July 1, 2000 Jan. 1, 2001
6.............................. Jan. 1, 2001 July 1, 2001
5\7/8\......................... July 1, 2001 Jan. 1, 2002
5\1/4\......................... Jan. 1, 2002 July 1, 2002
5\3/4\......................... July 1, 2002 Jan. 1, 2003
5.............................. Jan. 1, 2003 July 1, 2003
4\1/2\......................... July 1, 2003 Jan. 1, 2004
5\1/8\......................... Jan. 1, 2004 July 1, 2004
5\1/2\......................... July 1, 2004 Jan. 1, 2005
4\7/8\......................... Jan. 1, 2005 July 1, 2005
4\1/2\......................... July 1, 2005 Jan. 1, 2006
4\7/8\......................... Jan. 1, 2006 July 1, 2006
5\3/8\......................... July 1, 2006 Jan. 1, 2007
4\3/4\......................... Jan. 1, 2007 July 1, 2007
5.............................. July 1, 2007 Jan. 1, 2008
4\1/2\......................... Jan. 1, 2008 July 1, 2008
4\5/8\......................... July 1, 2008 Jan. 1, 2009
4\1/8\......................... Jan. 1, 2009 July 1, 2009
4\1/8\......................... July 1, 2009 Jan. 1, 2010
------------------------------------------------------------------------
Section 215 of Division G, Title II of Public Law 108-199, enacted
January 23, 2004 (HUD's 2004 Appropriations Act) amended section 224 of
the Act, to change the debenture interest rate for purposes of
calculating certain insurance claim payments made in cash. Therefore,
for all claims paid in cash on mortgages insured under section 203 or
234 of the National Housing Act and endorsed for insurance after
January 23, 2004, the debenture interest rate will be the monthly
average yield, for the month in which the default on the mortgage
occurred, on United States Treasury Securities adjusted to a constant
maturity of 10 years, as found in Federal Reserve Statistical Release
H-15. The Federal Housing Administration has codified this provision in
HUD regulations at 24 CFR 203.405(b) and 24 CFR 203.479(b).
[[Page 36247]]
Section 221(g)(4) of the Act provides that debentures issued
pursuant to that paragraph (with respect to the assignment of an
insured mortgage to the Secretary) will bear interest at the ``going
Federal rate'' in effect at the time the debentures are issued. The
term ``going Federal rate'' is defined to mean the interest rate that
the Secretary of the Treasury determines, pursuant to a statutory
formula based on the average yield on all outstanding marketable
Treasury obligations of 8- to 12-year maturities, for the 6-month
periods of January through June and July through December of each year.
Section 221(g)(4) is implemented in the HUD regulations at 24 CFR
221.255 and 24 CFR 221.790.
The Secretary of the Treasury has determined that the interest rate
to be borne by debentures issued pursuant to section 221(g)(4) during
the 6-month period beginning July 1, 2009, is 3\3/8\ percent.
The subject matter of this notice falls within the categorical
exemption from HUD's environmental clearance procedures set forth in 24
CFR 50.19(c)(6). For that reason, no environmental finding has been
prepared for this notice.
(Authority: Sections 211, 221, 224, National Housing Act, 12 U.S.C.
1715b, 1715l, 1715o; Section 7(d), Department of HUD Act, 42 U.S.C.
3535(d).)
Dated: July 10, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing--Federal Housing
Commissioner.
[FR Doc. E9-17325 Filed 7-21-09; 8:45 am]
BILLING CODE 4210-67-P