...On September 30, 1968, a month after the partitioning of FNMA became effective, the new FNMA retired the preferred stock held by the Secretary of the Treasury...preferred stock was retired at par value plus an allocated portion of the general surplus deemed to have been earned through use of the capital represented by...

..."[f]unds of the capital surplus and the general surplus accounts of the Association shall be available to retire the preferred stock held by the Secretary of the Treasury as rapidly as the Association shall deem feasible." 68 Stat. 613. The Act also anticipated that reliance...