Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates, 42754-42756 [2012-17781]
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mstockstill on DSK4VPTVN1PROD with NOTICES
42754
Federal Register / Vol. 77, No. 140 / Friday, July 20, 2012 / Notices
this Notice to identify Federal buildings
and other real property that HUD has
reviewed for suitability for use to assist
the homeless. The properties were
reviewed using information provided to
HUD by Federal landholding agencies
regarding unutilized and underutilized
buildings and real property controlled
by such agencies or by GSA regarding
its inventory of excess or surplus
Federal property. This Notice is also
published in order to comply with the
December 12, 1988 Court Order in
National Coalition for the Homeless v.
Veterans Administration, No. 88–2503–
OG (D.D.C.).
Properties reviewed are listed in this
Notice according to the following
categories: Suitable/available, suitable/
unavailable, suitable/to be excess, and
unsuitable. The properties listed in the
three suitable categories have been
reviewed by the landholding agencies,
and each agency has transmitted to
HUD: (1) Its intention to make the
property available for use to assist the
homeless, (2) its intention to declare the
property excess to the agency’s needs, or
(3) a statement of the reasons that the
property cannot be declared excess or
made available for use as facilities to
assist the homeless.
Properties listed as suitable/available
will be available exclusively for
homeless use for a period of 60 days
from the date of this Notice. Where
property is described as for ‘‘off-site use
only’’ recipients of the property will be
required to relocate the building to their
own site at their own expense.
Homeless assistance providers
interested in any such property should
send a written expression of interest to
HHS, addressed to Theresa Ritta,
Division of Property Management,
Program Support Center, HHS, Room
5B–17, 5600 Fishers Lane, Rockville,
MD 20857; (301) 443–2265. (This is not
a toll-free number.) HHS will mail to the
interested provider an application
packet, which will include instructions
for completing the application. In order
to maximize the opportunity to utilize a
suitable property, providers should
submit their written expressions of
interest as soon as possible. For
complete details concerning the
processing of applications, the reader is
encouraged to refer to the interim rule
governing this program, 24 CFR part
581.
For properties listed as suitable/to be
excess, that property may, if
subsequently accepted as excess by
GSA, be made available for use by the
homeless in accordance with applicable
law, subject to screening for other
Federal use. At the appropriate time,
HUD will publish the property in a
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18:18 Jul 19, 2012
Jkt 226001
Notice showing it as either suitable/
available or suitable/unavailable.
For properties listed as suitable/
unavailable, the landholding agency has
decided that the property cannot be
declared excess or made available for
use to assist the homeless, and the
property will not be available.
Properties listed as unsuitable will
not be made available for any other
purpose for 20 days from the date of this
Notice. Homeless assistance providers
interested in a review by HUD of the
determination of unsuitability should
call the toll free information line at 1–
800–927–7588 for detailed instructions
or write a letter to Ann Marie Oliva at
the address listed at the beginning of
this Notice. Included in the request for
review should be the property address
(including zip code), the date of
publication in the Federal Register, the
landholding agency, and the property
number.
For more information regarding
particular properties identified in this
Notice (i.e., acreage, floor plan, existing
sanitary facilities, exact street address),
providers should contact the
appropriate landholding agencies at the
following addresses: Coast Guard:
Commandant, United States Coast
Guard, Attn: Jennifer Stomber, 2100
Second St. SW., Stop 7901, Washington,
DC 20593–0001; (202) 475–5609; Navy:
Mr. Steve Matteo, Department of the
Navy, Asset Management Division,
Naval Facilities Engineering Command,
Washington Navy Yard, 1330 Patterson
Ave. SW., Suite 1000, Washington, DC
20374; (202) 685–9426; (These are not
toll-free numbers).
Dated: July 12, 2012.
Ann Marie Oliva,
Deputy Assistant Secretary for Special Needs
(Acting).
TITLE V, FEDERAL SURPLUS PROPERTY
PROGRAM FEDERAL REGISTER REPORT
FOR 07/20/2012
Unsuitable Properties
Building
New York
Bldg. 2241
Broom Blvd.
Albany NY 31704
Landholding Agency: Navy
Property Number: 77201230002
Status: Unutilized
Comments: Located in a secured area where
public access is denied & no alternative
method to gain access w/out comprising
nat’l security
Reasons: Secured Area
South Carolina
Auto Hobby Shop
1050 Register St.
N. Charleston SC 29405
Landholding Agency: Coast Guard
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Property Number: 88201230001
Status: Unutilized
Comments: Located on a secured military
installation where public access is denied
and no alternative method to gain access
w/out comprising nat’l security
Reasons: Secured Area
Land
Virginia
5 Acres
Naval Support Facility
Dahlgren VA
Landholding Agency: Navy
Property Number: 77201230001
Status: Underutilized
Comments: Land located within a restrictedaccess military installation where public
access is denied & no alternative method
to gain access w/out comprising nat’l
security
Reasons: Secured Area
[FR Doc. 2012–17563 Filed 7–19–12; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5614–N–02]
Mortgage and Loan Insurance
Programs Under the National Housing
Act—Debenture Interest Rates
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
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, 2012, is 15⁄8
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, 2012, is 23⁄4 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
SUMMARY:
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Federal Register / Vol. 77, No. 140 / Friday, July 20, 2012 / Notices
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.
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
SUPPLEMENTARY INFORMATION:
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.
42755
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, 2012, is 23⁄4
percent; and (2) has approved the
establishment of the debenture interest
rate by the Secretary of HUD at 23⁄4
percent for the 6-month period
beginning July 1, 2012. 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 2012.
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 ⁄ ................................................................................................................................
97⁄8 ................................................................................................................................
113⁄4 ..............................................................................................................................
127⁄8 ..............................................................................................................................
123⁄4 ..............................................................................................................................
101⁄4 ..............................................................................................................................
103⁄8 ..............................................................................................................................
111⁄2 ..............................................................................................................................
133⁄8 ..............................................................................................................................
115⁄8 ..............................................................................................................................
111⁄8 ..............................................................................................................................
101⁄4 ..............................................................................................................................
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 ................................................................................................................................
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, 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 ..............................................
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.
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.
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12
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42756
Federal Register / Vol. 77, No. 140 / Friday, July 20, 2012 / Notices
Effective interest rate
on or after
prior to
5 ⁄ ................................................................................................................................
51⁄2 ................................................................................................................................
47⁄8 ................................................................................................................................
41⁄2 ................................................................................................................................
47⁄8 ................................................................................................................................
53⁄8 ................................................................................................................................
43⁄4 ................................................................................................................................
5 ...................................................................................................................................
41⁄2 ................................................................................................................................
45⁄8 ................................................................................................................................
41⁄8 ................................................................................................................................
41⁄8 ................................................................................................................................
41⁄4 ................................................................................................................................
41⁄8 ................................................................................................................................
37⁄8 ................................................................................................................................
41⁄8 ................................................................................................................................
27⁄8 ................................................................................................................................
23⁄4 ................................................................................................................................
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 .............................................
July 1, 2010 ..............................................
Jan. 1, 2011 .............................................
July 1, 2011 ..............................................
Jan. 1, 2012 .............................................
July 1, 2012 ..............................................
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.
July 1, 2010.
Jan. 1, 2011.
July 1, 2011.
Jan. 1, 2012.
July 1, 2012.
Jan. 1, 2013.
mstockstill on DSK4VPTVN1PROD with NOTICES
18
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).
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, 2012, is 15⁄8
percent.
The subject matter of this notice falls
within the categorical exemption from
VerDate Mar<15>2010
18:18 Jul 19, 2012
Jkt 226001
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 17, 2012.
Carol J. Galante,
Acting Assistant Secretary for Housing—
Federal Housing Commissioner.
[FR Doc. 2012–17781 Filed 7–19–12; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
Fish and Wildlife Service
[FWS–R2–ES–2012–N099:
FXES11120200000F2–112–FF02ENEH00]
Draft Environmental Impact Statement
and Draft Habitat Conservation Plan
for Incidental Take of 11 Federally
Listed or Petitioned Species by the
Edwards Aquifer Recovery
Implementation Program in 8 Texas
Counties
Fish and Wildlife Service,
Interior.
ACTION: Notice of availability;
announcement of public meetings; and
request for comments.
AGENCY:
We, the U.S. Fish and
Wildlife Service, announce the
availability of the draft environmental
impact statement and the draft Edwards
Aquifer Recovery Implementation
Program (EARIP) habitat conservation
plan, under the National Environmental
Policy Act of 1969. The EARIP has
applied for an incidental take permit
(TE63663A–0) under the Endangered
Species Act of 1973, as amended, that
SUMMARY:
PO 00000
Frm 00065
Fmt 4703
Sfmt 4703
would authorize incidental take of
animal species and impacts to plant
species (covered species) in all, or
portions, of eight Texas counties.
DATES: Comment Period: To ensure
consideration of your written
comments, they must be received on or
before close of business (4:30 p.m.
C.S.T.) October 18, 2012.
Public Meetings: Seven public
meetings will be held throughout the
region affected by the management of
the Edwards Aquifer. The dates and
times for each meeting location (Corpus
Christi, Kerrville, New Braunfels, San
Antonio, San Marcos, Uvalde, and
Victoria) will be announced in local
newspapers at least 2 weeks before each
meeting and will also be posted on the
following Web sites: https://
www.fws.gov/southwest/es/
AustinTexas/ and https://earip.org.
ADDRESSES: To obtain documents for
review, see Reviewing Documents in
SUPPLEMENTARY INFORMATION.
To submit comments, please use one
of the following methods, and note that
your comment is in reference to the
Edwards Aquifer Recovery
Implementation Program (TE63663A–0):
• Email: fw2_aues_consult@fws.gov.
• U.S. Mail: Field Supervisor, Austin
Ecological Services Field Office, 10711
Burnett Road, Suite 200, Austin, TX
78758–4460; telephone 512/490–0057.
• Fax: 512/490–0974.
• We will also accept written and oral
comments at the public meetings (see
DATES).
Mr.
Adam Zerrenner, Field Supervisor, by
U.S. mail at U.S. Fish and Wildlife
Service, Austin Ecological Services
Field Office, 10711 Burnett Road, Suite
200, Austin, TX 78758–4460; or by
telephone 512/490–0057.
FOR FURTHER INFORMATION CONTACT:
E:\FR\FM\20JYN1.SGM
20JYN1
]]>Agencies
[Federal Register Volume 77, Number 140 (Friday, July 20, 2012)]
[Notices]
[Pages 42754-42756]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-17781]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5614-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, 2012, is 1\5/8\ 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, 2012, is 2\3/4\ 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
[[Page 42755]]
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, 2012, is 2\3/4\ percent; and (2)
has approved the establishment of the debenture interest rate by the
Secretary of HUD at 2\3/4\ percent for the 6-month period beginning
July 1, 2012. 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 2012.
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.
[[Page 42756]]
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.
4\1/4\......................... Jan. 1, 2010..... July 1, 2010.
4\1/8\......................... July 1, 2010..... Jan. 1, 2011.
3\7/8\......................... Jan. 1, 2011..... July 1, 2011.
4\1/8\......................... July 1, 2011..... Jan. 1, 2012.
2\7/8\......................... Jan. 1, 2012..... July 1, 2012.
2\3/4\......................... July 1, 2012..... Jan. 1, 2013.
------------------------------------------------------------------------
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).
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, 2012, is 1\5/8\ 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 17, 2012.
Carol J. Galante,
Acting Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2012-17781 Filed 7-19-12; 8:45 am]
BILLING CODE 4210-67-P
