Date
of issue

Summary of information pertaining to Treasury bills issued during the fiscal year 1960-Continued

1 Relatively small amounts of bids were accepted at a price somewhat above the high
shown. However, the higher price is not shown in order to prevent an appreciable
discontinuity in the range (covered by the high to low prices shown) which would
make it misrepresentative.

NOTE.-The usual timing with respect to issues of Treasury bills is: Press release
inviting tenders, 7 days before date of issue; closing date on which tenders are accepted,
3 days before date of issue; and press release announcing acceptance of tenders, 2 days
before date of issue. Figures are final and may differ from those shown in press release
announcing preliminary results of an offering.

The 13-week bills represent additional issues of bills with an original maturity of
26 weeks. The tax anticipation issues dated Aug. 19, 1959, and Jan. 8, 1960, represent
additional issues of bills dated July 8 and Oct. 21, 1959, respectively.

Noncompetitive tenders (without stated price) from any one bidder for $200,000 or
less in the case of the 13-week bills, and for $100,000 or less in the case of the 26-week
bills, were accepted in full at the average price for accepted competitive bids. For
the tax anticipation series dated Aug. 19 and Oct. 21, 1959, the amounts were $200,000
and $300,000, respectively, and for the remaining tax anticipation series and other issues
the amount was $400,000.

All equivalent rates of discount shown are on a bank-discount basis.

Qualified depositaries were permitted to make payment by credit in Treasury tax
and loan accounts for Treasury bills of the tax anticipation series and of the other issues
dated July 15, and Dec. 2, 1959, allotted to them for themselves and their customers
up to any amount for which they were qualified in excess of existing deposits when so
notified by the Federal Reserve Bank of their districts.

Guaranteed Obligations Called

EXHIBIT 5.-Calls for partial redemption, before maturity, of insurance fund debentures

During the fiscal year 1960, there were nine calls dated March 24, 1960, for partial redemption, before maturity, of insurance fund debentures. The notices of call were published in the Federal Register of March 30, 1960. The notice covering the eighth call of the 2%, 2%, 2%, 2%, 3, 3%, 3%, 3%, 3% and 3 percent Series AA mutual mortgage insurance fund debentures is shown in this exhibit. Since the other notices of call are similar to this exhibit, they have been omitted but the essential details are summarized in the table following the notice of call. NOTICE OF CALL. FEDERAL REGISTER OF MARCH 30, 1960 To Holders of 21⁄2; 2%; 2; 2%; 3; 3%; 84; 3%; 31⁄2, and 3% Percent Mutual Mortgage Insurance Fund Debentures, Series AA:

NOTICE OF CALL FOR PARTIAL REDEMPTION, BEFORE MATURITY, OF 2%1⁄2; 2%; 2; 2; 3; 3%; 3; 3%; 31⁄2 AND 3% PERCENT MUTUAL MORTGAGE INSURANCE FUND DEBENTURES, SERIES AA

Pursuant to the authority conferred by the National Housing Act (48 Stat. 1246; U.S.C., title 12, sec. 1701 et seq.) as amended, public notice is hereby given that 2%, 2%, 24, 2%, 3, 3%, 3%, 3%, 3%, and 3% percent mutual mortgage insurance fund debentures, Series AA, of the denominations and serial numbers designated below, are hereby called for redemption, at par and accrued interest, on July 1, 1960, on which date interest on such debentures shall cease: 22, 2%, 2%, 2%, 3, 3, 3, 3%, 3%, and 34 percent mutual mortgage insurance fund debentures, series AA

Denomination

$50_.

100.

500

1,000_

5,000.

10,000.

Serial numbers (all numbers inclusive) 1, 670 to 3, 883 6, 070 to 11, 368 1,745 to 4,375 to

3, 033

7, 844