Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Federal National Mortgage Association Deal - Lehman Brothers Collection

Federal National Mortgage Association

Company Deal1,130,598 shares of common stock (without par value)
Transaction TypeCommon Stock
Deal DescriptionFederal National Mortgage Association added the net proceeds from this transaction to its working capital. It was to be used for general corporate purposes, including the purchase of mortgages on residential properties. Such sale would increase the company's equity base for additional borrowings to carry out such general corporate purposes.
Harvard Business School Harvard Business School Baker Library Histrorical Collections