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any of the rights granted by said title or a denial of rights under the title to a group of persons raising an issue of general public importance.

(b) Refer the matter to the Attorney General for such other action as he may deem appropriate.

(c) Institute enforcement proceedings under E.O. 11063 or title VI of the Civil Rights Act of 1964, in accordance with regulations and procedures prescribed therefor.

(d) Inform any other Federal agency appearing to have an interest in the enforcement of respondent's obligations with respect to discrimination in housing.

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I.-.-.-- 26 Federal Plaza,

New York,
N.Y. 10007.

wed und or should the Secretary find for any -yment is other reason that voluntary agreement urts. Fer is not likely to result, the Secretary may ed by sic terminate his efforts to conciliate the

a respri dispute. In such event, the parties shall t.

be notified promptly, in writing, that

such efforts have been unsuccessful and TO BE

will not be resumed except upon the g Pracie respondent's written request, where such a ciliatic request is made within the time specified

in the Secretary's notice. ided tow $ 71.34 Other notification where volun

tary compliance is not obtained. minator The person aggrieved shall be notified en by inig of all cases in which voluntary complinciliaticance, for whatever reason, is not Ors met achieved within 30 days after a com

the cm plaint is filed or within 30 days after a the Secre case referred to a State or local agency Eer the r has been reactivated. However, where ed, and the Secretary has decided to seek resoluen if tha. tion, efforts at conciliation may continue enced 6 after such notice has been given and purcourt suant to the terms of $ $ 71.31 to 71.33.

obtai In cases where the Secretary has deimmez termined that a complaint does not war-actior : rant further action, notification shall Decifici also be given to the respondent.

$ 71.35 Confidentiality of conciliation

conferences. others. Once the Secretary has decided to recretary solve a complaint under title VIII and resoluta respondent has agreed to participate in i asizu informal endeavors by the Secretary for reszo such purposes, nothing that is said or is mis done thereafter, during and as a part of

the Secretary's endeavors to resolve the milla complaint by informal methods of oonatorii ference, conciliation, and persuasion, ion du may be made public, or used as evidence itten 31 in a subsequent proceeding under title

VII, without the written consent of the persons concerned.

$ 71.36 Other action by the Secretary. ce mit If the Department is unable to obtain

voluntary compliance and has terminated efforts at conciliation in a case where in

vestigation has disclosed probable cause ' under to believe that respondent has committed

II.

ecretary

Widener Bldg.,

1339 Chestnut St., Philadelphia, Pa.

19107. Peachtree

Seventh Bldg., Atlanta, Ga. 30323.

III.

Connecticut, Maine,

Massachusetts, Now
Hampshire, New
York, Rhode Island,

Vermont.
Delaware, District of

Columbia, Maryland,
New Jersey, Penn-
sylvania, Virginia,

West Virginia.
Alabama, Florida,

Georgia, Kentucky,
Mississippi, North
Carolina, South

Carolina, Tennessee.
Illinois, Indiana, Iowa,

Michigan, Minnesota,
Nebraska, North
Dakota, Ohio, South

Dakota, Wisconsin.
Arkansas, Colorado,

Kansas, Louisiana,
Missouri, New Mexico,

Oklahoma, Texas.
Alaska, Arizona, Cali-

fornia, Guam, Hawaii, Idaho, Montana, Nevada, Oregon, Utah,

Washington, Wyoming. Puerto Rico and Virgin

Islands.

IV...--- 360 North Michi

gan Ave.,
Chicago, Ill.

60601.
V...---- Federal Office

Bldg., 819
Taylor St.,
Fort Worth,

Tex. 76102.
VI...--- 450 lden Gate

Ave., Post
Office Box
36003, San
Francisco,

Calif. 94102.
VII...-- Post Office Box

3869, GPO,
San Juan, P.R.
00936.

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Das a discriminatory housing practice, the

Secretary may pursue one or more of the

PART 81-REGULATIONS GOVERN

ING OPERATIONS OF THE FED-
ERAL NATIONAL MORTGAGE AS-
SOCIATION

following courses of action:

(a) Recommend to the Attorney General of the United States that he institute a clvil action under section 813 of title

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VII for relief against a pattern or practice of resistance to the full enjoyment of

Sec. 81.1 Scope of part. 81.2 Common stock. 81.3 Dividends. (Reserved] 81.4 Debt to capital ratio. 81.5 Issuance of obligations.

y disa

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Sec. 81.6 Housing for low and moderate income

families. (Reserved] 81.7 Audits. 81.8 Reports.

AUTHORITY: The provisions of this part 81 issued under secs. 303(c), 304(b), 309(h), 311, 12 U.S.C. 1718(c), 1719(b), 1723a (h), 1723c.

SOURCE: The provisions of this part 81 appear at 33 F.R. 12648, Sept. 6, 1968, unless otherwise noted. 8 81.1 Scope of part.

This part is established for the codification of regulations governing the operations of the Federal National Mortgage Association (hereafter in this part called the corporation) issued and to be issued from time to time by the Secretary of Housing and Urban Development, as authorized by the Federal National Mortgage Association Charter Act (hereafter in this part called the Charter Act). § 81.2 Common stock.

The corporation is authorized to issue to any seller or borrower required to make capital contributions under section 303(b) of the Charter Act shares of the corporation's common stock required to be issued by section 303(c) of the Charter Act. The corporation is further authorized to issue and sell additional shares of its common stock to those persons and institutions that service its mortgages, in consideration for payments by such servicers into the corporation's capital or capital and surplus for each such share of an amount equal to the then current issue price of the common stock so required to be issued; but no such stock shall be issued to any servicer at any time in excess of its reasonably foreseeable need at such time in connection with the amount of stock required to be held under section 303(C) of the Charter Act. The authorizations of this section are granted on the condition that the Secretary of Housing and Urban Development be given written notice at least 15 days in advance of any change by the corporation in the issue price of its stock. § 81.3 Dividends. [Reserved] § 81.4 Debt to capital ratio.

(a) The aggregate amount of obligations of the corporation issued under section 304(b) of the Charter Act and outstanding at any one time shall not exceed 25 times the sum of its capital,

capital surplus, general surplus, reserves and undistributed earnings. For the purposes of this section, the outstanding aggregate principal amount of any obligations of the corporation issued under section 304(e) of the Charter Act which are entirely subordinated to the obligations of the corporation issued or to be issued under section 304(b) of the Charter Act shall be deemed to be capital of the corporation.

(b) In the event at any time of a reduction in the sum of the corporation's capital, capital surplus, general surplus, reserves, and undistributed earnings, the maximum debt to capital ratio is automatically increased to such ratio as may be necessary to include all obligations issued under said section 304(b) and outstanding at such time. In the event at any time of a maturity or other event requiring the payment or redemption of any of the obligations issued under section 304(e) of the Charter Act, the maximum debt to capital ratio is automatically increased to such ratio as may be necessary to permit the issue of obligations under section 304(b) of the Charter Act in an amount sufficient to provide the proceeds required to pay the principal of and interest on the obligations outstanding under such section 304(e) and so required to be paid or redeemed at such time. As used in this section, the term “maximum debt to capital ratio" means the maximum ratio, set forth in paragraph (a) of this section or elsewhere, which may be borne to the aforesaid sum by the aggregate principal amount of the corporation's obligations issued under section 304(b) of the Charter Act and outstanding at any one time. So long as any obligations of the corporation issued under section 304(e) of the Charter Act are outstanding, no action shall be taken with respect to the debt to capital ratio provisions of this subsection which is detrimental to the holders of such obligations. 133_F.R. 12648, Sept. 6, 1968, as amended at 34 F.R. 19656, Dec. 13, 1969] 81.5 Issuance of obligations.

The corporation is authorized, upon the approval of the Secretary of the Treasury, to issue its obligations and securities from time to time under subsections (b), (d), and (e) of section 304 of the Charter Act in such amounts as may be approved in writing by the Secretary of Housing and Urban Development. In

the event at any time of a maturity or other event requiring the payment or redemption of any of the corporation's outstanding obligations, the corporation is hereby authorized, upon the approval of the Secretary of the Treasury, to issue its obligations and securities at such time under any of the aforesaid subsections of section 304 of the Charter Act in an amount sufficient to provide the proceeds required to pay the principal of and interest on the obligations so required to be paid or redeemed at such time.

8 81.6 Housing for low and moderate

income families. [Reserved] $ 81.7 Audits,

The books and financial transactions of the corporation shall be made available for audit by the Secretary of Housing and Urban Development at any time requested by him. $ 81.8 Reports.

The corporation shall make such reports concerning its activities as the Secretary of Housing and Urban Development may request.

Subtitle B—Regulations Relating to

Housing and Housing Credit

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