FHA Debentures
Debentures are issued in settlement of mortgages insured by the Federal Housing Administration (FHA), which is part if Housing and Urban Develpment (HUD). The Bureau of the Public Debt issues, services, and redeems them on behalf of the Department of Housing and Urban Development (HUD). Debentures are issued in book-entry form in multiples of $1.00. Prior to 1995, debentures were issued in physical (definitive) form.
Generally, FHA Debentures bear interest from the date of issue. Interest is payable seimiannually, normally on the first day of January and July, at the rate in effect as of the date the commitment was issued. Debentures mature either 10 or 20 years from the issue date. For more information, view the regulations.
Some FHA Debentures are callable by the Departments of Treasury and Housing and Urban Development.
To see the press release for the most recent FHA Insurance Fund Debenture call, click on the link below.
Certain FHA Debenture forms are processed by the Bureau of the Public Debt. These forms are used to set up
new accounts, make account changes, and transfer the debentures. All other forms are available from and processed by
HUD.
Public Debt forms should be returned to Bureau of the Public Debt, Division of Special Investments,
P.O. Box 396, Parkersburg, WV 26106-0396. If you have questions, call the Division of Special Investments at (304) 480-5299.