HUD-94193 Excess Funds from Redemption of Bonds

OMB Approval #2502-0500
(exp. xx/xx/xxxx)

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commissioner

Excess Funds from
Redemption of Bonds
Housing Finance Agency
Risk-Sharing
Part I

Instructions: Any excess funds resulting from the retirement of bonds serving a mortgage must be returned to HUD within 30 calendar days of the payment date
of the initial claim (24 CFR 266.628(a)(3)).
The funds will be wired to HUD according to the instructions contained in Part 2 of this form.
Complete Part 1 of this form and send original and two copies to HUD, by overnight delivery, on the same day the funds are wired. Send the form to the following
address:
U.S. Department of Housing and Urban Development
Multifamily Claims Branch, Room 6254
451 7th Street, SW, Washington, DC 20410-8000
1. FHA Project Number

2. Name and Location of Project

4. Amount Needed to Retire Bonds

3. Date Prepared

5. Less: Amount of Initial Claim Payment

6. Amount Due HUD

$

$

To the best of my knowledge, all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
7. HFA Name, Address and Zip

8. Title and Signature of HFA Official

9. Tax Identification Number

10. Telephone Number

(

)

Part II
Instructions for Completing a Request to Transfer Funds by Wire
Wire Transfer Deposit Message Format
(1)
021030004
(2)
(3)
(4)
(5)
(6)
(7)
(8)
TREAS NYC/CTR/
(9)
(10)
BNF=/AC-86090300 OBI=RishareBondRedExcess
FHA Project No.
Account 86X4070
Remitter

Item 07 Receiver-DFI-Name: The Treasury Department's name for
deposit messages is “TREAS NYC”. This name should be
entered by the sending bank.
Item 08 Product Code: A product code of “CTR” for customer transfer should be the first data in the Receiver - Text field. Other
values may be entered, if appropriate, using the ABA's
options. A slash (/) must be entered after the product code.

Important: Items 1, 7, 8, 9 and 10 must be completed as shown
above. A separate wire transfer must be made for each project.
Item 01 Receiver DFI#: The Treasury Department's ABA number for
deposit messages is 021030004. This number should be
entered by the sending bank for all deposit messages sent
to the Treasury.

Item 09 Agency Location Code: This item is of critical importance.
It must appear on the funds transfer deposit message in the
precise manner as stated to allow for the automated processing and classification of the funds transfer message to the
agency location code of the appropriate agency. The agency's
unique code must be specified in the funds transfer message
in order for the funds to be correctly classified to the respective agency. The tag BNF=, and identifier code, “A/C-”,
followed by the appropriate ALC number. This component
must be in the following format:
BNF=/AC-86090300

Item 02 Type-Subtype-CD: The type and subtype code will be provided by the sending bank.
Item 03 Sender-DFI#: This number will be provided by the sending
bank.
Item 04 Sending-REF#: The sixteen character reference number is
inserted by the sending bank at its option.
Item 05 Amount: The transfer amount must be punctuated with
commas and decimal points; use of the $ is optional. This item
will be provided by the depositor.
Item 06 Sender-DFI-Name: This information is automatically inserted
by the FRB.
Previous editions are obsolete

The ALC identification sequence can, if necessary, begin on
one line and end on the next line; however, the field tag
“BNF=” must be one line and cannot contain any spaces.
Item 10 Third Party Information: This contains the appropriate
information to identify the reason for the funds transfer. The
Originator to Beneficiary Information field tab “OBI=” is used
to signify the beginning of the free-form third party text. The
field tag “OBI=” must be on the same line and cannot contain
any spaces. The field tag is placed following the ALC identification sequence and preceded by a space.

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form HUD-94193 (12/97)
ref Handbook 4590.1