[Federal Register Volume 63, Number 17 (Tuesday, January 27, 1998)]
[Rules and Regulations]
[Pages 3804-3809]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1863]
[[Page 3804]]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Parts 207, 220, 221 and 224
[Regulations G, T, U and X]
Securities Credit Transactions; List of Marginable OTC Stocks;
List of Foreign Margin Stocks
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Final rule; determination of applicability of regulations.
-----------------------------------------------------------------------
SUMMARY: The List of Marginable OTC Stocks (OTC List) is composed of
stocks traded over-the-counter (OTC) in the United States that have
been determined by the Board of Governors of the Federal Reserve System
to be subject to the margin requirements under certain Federal Reserve
regulations. The List of Foreign Margin Stocks (Foreign List) is
composed of foreign equity securities that have met the Board's
eligibility criteria under Regulation T. The OTC List and the Foreign
List are published four times a year by the Board. This document sets
forth additions to and deletions from the previous OTC List and the
previous Foreign List.
EFFECTIVE DATES: Regulations G and U (12 CFR parts 207 and 221):
February 9, 1998-March 31, 1998; Regulations T and X (12 CFR parts 220
and 224): February 9, 1998-January 1, 1999.
FOR FURTHER INFORMATION CONTACT: Peggy Wolffrum, Securities Regulation
Analyst, Division of Banking Supervision and Regulation, (202) 452-
2781, Board of Governors of the Federal Reserve System, Washington,
D.C. 20551. For the hearing impaired only, contact Diane Jenkins,
Telecommunications Device for the Deaf (TDD) at (202) 452-3544.
SUPPLEMENTARY INFORMATION: Listed below are the deletions from and
additions to the Board's OTC List, which was last published on October
27, 1997 (62 FR 55495), and became effective November 10, 1997. A copy
of the complete OTC List is available from the Federal Reserve Banks.
The OTC List includes those stocks traded over-the-counter in the
United States that meet the criteria in Regulations G, T and U (12 CFR
Parts 207, 220 and 221, respectively). This determination also affects
the applicability of Regulation X (12 CFR Part 224). These stocks have
the degree of national investor interest, the depth and breadth of
market, and the availability of information respecting the stock and
its issuer to warrant regulation in the same fashion as exchange-traded
securities. The OTC List also includes any OTC stock designated for
trading in the national market system (NMS security) under rules
approved by the Securities and Exchange Commission (SEC). Additional
OTC stocks may be designated as NMS securities in the interim between
the Board's quarterly publications. They will become automatically
marginable upon the effective date of their NMS designation. The names
of these stocks are available at the SEC and at the National
Association of Securities Dealers, Inc.
In order to determine the loan value of stock and other collateral
under Regulations G and U, lenders must be able to determine whether a
particular stock is a margin stock,1 a term which is
currently defined to include OTC margin stock. The definition of OTC
margin stock in Regulations G and U states that ``[a]n OTC stock is not
considered to be an OTC margin stock unless it appears on the Board's
periodically published list of OTC margin stocks.'' The OTC List
provides the names of these stocks.
---------------------------------------------------------------------------
\1\ The equivalent term in Regulation T is margin security.
Regulation X incorporates Regulations G, T, and U in section 224.3
and therefore also incorporates the definitions in Regulations G, T,
and U.
---------------------------------------------------------------------------
Pursuant to amendments recently adopted by the Board (see 63 FR
2805, January 16, 1998) lenders subject to Regulation G will become
subject to Regulation U on April 1, 1998 and Regulation G will be
removed from the Code of Federal Regulations. Also on April 1, 1998,
the definition of margin stock in the revised Regulation U will no
longer include OTC margin stock and the definition of OTC margin stock
will be removed from the revised Regulation U.
With the extension of Regulation U on April 1, 1998 to cover
lenders currently subject to Regulation G, and the elimination of the
concept and accompanying definition of OTC margin stock in the revised
Regulation U, lenders subject to Regulation U will no longer be bound
by the OTC List published today. Instead, as of April 1, 1998, lenders
subject to the revised Regulation U will be bound by the revised
definition of margin stock, which continues to include ``[a]ny OTC
security designated as qualified for trading in the National Market
System under a designation plan approved by the Securities and Exchange
Commission (NMS security).'' In other words, on April 1, 1998, all
lenders subject to the revised Regulation U will no longer use the OTC
List to determine whether an OTC stock is subject to the 50 percent
loan value limitation when used as collateral for a purpose loan. To
determine whether an OTC stock is subject to this limitation, a
Regulation U lender will need to determine whether the stock trades in
the National Market tier of the Nasdaq Stock Market. The names of these
stocks are available at the SEC and at the National Association of
Securities Dealers, Inc. and can also be determined by consulting the
internet at http://www.nasdaq.com.
Lenders subject to Regulation T and borrowers subject to Regulation
X who are required under Sec. 224.3(a) to conform credit they obtain to
Regulation T will continue to use the OTC List until publication of the
next OTC List, anticipated for May 1998. The definition of OTC margin
stock will be retained in Regulation T until January 1, 1999. The Board
will cease publication of the OTC List at that time.
Also listed below are the deletions from and additions to the
Foreign List, which was last published on October 27, 1997 (62 FR
55495), and became effective November 10, 1997. The Foreign List is
used solely by lenders subject to Regulation T. A copy of the complete
Foreign List is available from the Federal Reserve Banks.
Public Comment and Deferred Effective Date
The requirements of 5 U.S.C. 553 with respect to notice and public
participation were not followed in connection with the issuance of this
amendment due to the objective character of the criteria for inclusion
and continued inclusion on the Lists specified in 12 CFR 207.6(a) and
(b), 220.17(a), (b), (c) and (d), and 221.7(a) and (b). No additional
useful information would be gained by public participation. The full
requirements of 5 U.S.C. 553 with respect to deferred effective date
have not been followed in connection with the issuance of this
amendment because the Board finds that it is in the public interest to
facilitate investment and credit decisions based in whole or in part
upon the composition of these Lists as soon as possible. The Board has
responded to a request by the public and allowed approximately a two-
week delay before the Lists are effective.
List of Subjects
12 CFR Part 207
Banks, Banking, Credit, Margin, Margin requirements, National
Market System (NMS Security), Reporting and recordkeeping requirements,
Securities.
12 CFR Part 220
Banks, Banking, Brokers, Credit, Margin, Margin requirements,
[[Page 3805]]
Investments, National Market System (NMS Security), Reporting and
recordkeeping requirements, Securities.
12 CFR Part 221
Banks, Banking, Credit, Margin, Margin requirements, National
Market System (NMS Security), Reporting and recordkeeping requirements,
Securities.
12 CFR Part 224
Banks, Banking, Borrowers, Credit, Margin, Margin requirements,
Reporting and recordkeeping requirements, Securities.
Accordingly, pursuant to the authority of sections 7 and 23 of the
Securities Exchange Act of 1934, as amended (15 U.S.C. 78g and 78w),
and in accordance with 12 CFR 207.2(k) and 207.6 (Regulation G), 12 CFR
220.2 and 220.17 (Regulation T), and 12 CFR 221.2(j) and 221.7
(Regulation U), there is set forth below a listing of deletions from
and additions to the OTC List and the Foreign List.
Deletions From the List of Marginable OTC Stocks
Stocks Removed for Failing Continued Listing Requirements
ALLERGAN LIGAND RETINOID THERAPEUTICS, INC.
$.001 par common
ALLIANCE IMAGING, INC.
$.01 par common
AMERICA FIRST FINANCIAL FUND 1987
Beneficial unit certificates
AMERICAN TELECASTING, INC.
$.01 par common
AMSCAN HOLDINGS, INC.
$.10 par common
BATTERY TECHNOLOGIES, INC.
No par common
CAI WIRELESS SYSTEMS, INC.
No par common
CATALYTICA, INC.
Warrants (expire 10-31-1997)
CENTURA SOFTWARE CORPORATION
$.01 par common
CHEMTRAK INCORPORATED
$.001 par common
CINERGI PICTURES ENTERTAINMENT INC.
$.01 par common
CYPROS PHARMACEUTICAL CORPORATION
Class B, warrants (expire 11-03-1997)
EGEORGE FINANCIAL CORPORATION
$.10 par common
ECOGEN INC.
Warrants (expire 01-31-1998)
ELEK-TEK, INC.
$.01 par common
FAULDING INC.
$.01 par common
FFBS BANCORP, INC. (Mississippi)
$.01 par common
FIRST BANKS, INC. (Missouri)
Class C, 9% increasing rate
GARNET RESOURCES CORPORATION
$.01 par common
GATEWAY DATA SCIENCES CORPORATION
$.01 par common
GEOGRAPHICS, INC.
No par common. Warrants (expire 06-01-1999)
GLASGAL COMMUNICATIONS, INC.
Warrants (expire 09-21-1999)
GRAND UNION COMPANY, THE
$1.00 par common
HOUSECALL MEDICAL RESOURCES, INC.
$.01 par common
HYBRIDON, INC.
$.001 par common
IITC HOLDINGS, LTD.
Class A, no par common
INTERNATIONAL VERIFACT, INC.
Redeemable Warrants (expire 01-05-1998)
INTERSTATE NATIONAL DEALER SERVICES, INC.
Warrants (expire 07-22-1999)
KINETIC CONCEPTS, INC.
$.001 par common
KS BANCORP, INC. (North Carolina)
No par common
LTX CORPORATION
13\1/2\% convertible debentures
MACHEEZMO MOUSE RESTAURANTS, INC.
No par common
MAXCOR FINANCIAL GROUP, INC.
Series A, warrants (expire 11-30-2001)
Series B, warrants (expire 11-30-2001)
McMORAN OIL & GAS COMPANY
Rights (expire 11-13-1997)
MERIDIAN POINT REALTY TRUST 83
No par shares of beneficial
MICRO-INTEGRATION CORPORATION
$.01 par common
MIDCOM COMMUNICATIONS, INC.
$.0001 par common
MVSI, INC.
Warrants (expire 08-15-2000)
NAL FINANCIAL GROUP, INC.
$.15 par common
NEUROBIOLOGICAL TECHNOLOGIES, INC.
$.001 par common
NIAGARA CORPORATION
Warrants (expire 08-13-2000)
NUKO INFORMATION SYSTEMS, INC.
$.001 par common
ON-GARD SYSTEMS, INC.
$.001 par common
PENNICHUCK CORPORATION
$1.00 par common
PREMIER LASER SYSTEMS, INC.
Class A, warrants (expire 11-30-1999)
Q-ENTERTAINMENT, INC.
No par common
REDWOOD TRUST, INC.
Warrants (expire 12-31-1997)
REGENT BANCSHARES CORP. (Pennsylvania)
Series A, $.10 par convertible
TRANSWORLD HEALTHCARE, INC.
Warrants (expire 12-07-1997)
U.S. BANCORP (Minnesota)
Series A, preferred stock
VENTURE SEISMIC, LTD.
Warrants (expire 11-06-2000)
VIDEOLAN TECHNOLOGIES, INC.
Warrants (expire 08-10-2000)
VIROGROUP, INC.
$.01 par common
VISION-SCIENCES, INC.
$.01 par common
WASHINGTON MUTUAL, INC.
Series C, $1.00 par non-cumulative
Depositary shares
WELCOME HOME, INC.
$.01 par common
WELLCARE MANAGEMENT GROUP, INC., THE
$.01 par common
WESTERN PACIFIC AIRLINES, INC.
$.001 par common
Stocks Removed for Listing on a National Securities Exchange or
Being Involved in an Acquisition
1ST UNITED BANCORP (Florida)
$.01 par common
ACC CONSUMER FINANCE CORPORATION
$.001 par common
ACCESS BEYOND, INC.
$.01 par common
ADCO TECHNOLOGIES, INC.
$.01 par common
AIRWAYS CORPORATION
$.01 par common
ALL AMERICAN COMMUNICATIONS, INC.
$.0001 par common
Class B, non-voting, $.0001 par common
ALLIED CAPITAL ADVISERS, INC.
$.001 par common
ALLIED CAPITAL COMMERCIAL CORPORATION
$.0001 par common
ALLIED CAPITAL CORPORATION
$1.00 par common
ALLIED CAPITAL CORPORATION II
$1.00 par common
ALLTRISTA CORPORATION
No par common
ALPINE LACE BRANDS, INC.
$.01 par common
AMERICAN NATIONAL BANCORP, INC.
$1.00 par common
AMERICAN RECREATION COMPANY HOLDINGS
$.01 par common
ANDYNE COMPUTING LTD.
No par common
ARBOR HEALTH CARE COMPANY
$.03 par common
ARV ASSISTED LIVING, INC.
No par common
ATCHISON CASTING CORPORATION
$.01 par common
ATLAS AIR, INC.
$.01 par common
BANK CORPORATION OF GEORGIA
$1.00 par common
BDM INTERNATIONAL, INC.
$.01 par common
BELMONT HOMES, INC.
$.10 par common
BOWLIN OUTDOOR ADVERTISING & TRAVEL
$.001 par common
BOX WORLDWIDE, INC., THE
$.001 par common
BRANFORD SAVINGS BANK (Connecticut)
No par common
CAIRN ENERGY USA, INC.
$.01 par common
CALNETICS CORPORATION
No par common
CAPITAL BANCORP (Florida)
$1.00 par common
CB COMMERCIAL REAL ESTATE SERVICES
[[Page 3806]]
$.01 par common
CENTRAL FIDELITY BANKS, INC.
$5.00 par common
COMMUNITY BANK SYSTEM, INC. (New York)
$1.25 par common
COMMUNITY CARE OF AMERICA, INC.
$.01 par common
COMPUTATIONAL SYSTEMS, INC.
No par common
COMPUTER DATA SYSTEMS, INC.
$.10 par common
CYRIX CORPORATION
$.004 par common
DATA DOCUMENTS INCORPORATED
$.01 par common
DELCHAMPS, INC.
$.01 par common
DOUBLETREE CORPORATION
$.01 par common
ELEXSYS INTERNATIONAL, INC.
$1.00 par common
ENDOVASCULAR TECHNOLOGIES, INC.
$.00001 par common
EXIDE ELECTRONICS GROUP, INC.
$.01 par common
FINANCIAL INSTITUTIONS INSURANCE
$1.00 par common
FIRST FINANCIAL CORPORATION
$1.00 par common
FIRST SOUTHEAST FINANCIAL CORPORATION
$.01 par common
FIRSTPLUS FINANCIAL GROUP, INC.
$.01 par common
FOREST OIL CORPORATION
$.10 par common
GAME FINANCIAL CORPORATION
$.01 par common
GATEWAY BANCORP, INC. (Kentucky)
$.01 par common
GLASTONBURY BANK & TRUST COMPANY
$2.50 par common
GREEN, A.P. INDUSTRIES, INC.
$1.00 par common
GREENFIELD INDUSTRIES, INC.
$.01 par common
GROUND ROUND RESTAURANTS, INC.
$.1667 par common
GYNECARE INC.
$.01 par common
HA-LO INDUSTRIES, INC.
No par common
HAYES WHEELS INTERNATIONAL,
$.01 par common
HEALTHDYNE, INC.
$.01 par common
HOLLYWOOD PARK, INC.
$.01 par common
HOMEGATE HOSPITALITY, INC.
$.01 par common
HPR, INC.
$.01 par common
INACOM CORP.
$.10 par common
INFINITY FINANCIAL TECHNOLOGY, INC.
No par common
INTERNATIONAL DAIRY QUEEN, INC.
Class A, $.01 par common
Class B, $.01 par common
INTERNATIONAL IMAGING MATERIALS, INC.
$.01 par common
JACKSON HEWITT INC.
$.02 par common
JEFFERSON BANKSHARES, INC. (Virginia)
$2.50 par common
LB FINANCIAL, INC.
$.01 par common
LEASING SOLUTIONS, INC.
No par common
LINDSAY MANUFACTURING CO.
$1.00 par common
MAGNA BANCORP, INC. (Mississippi)
$.01 par common
MAGNETIC TECHNOLOGIES CORPORATION
$.15 par common
MAIL BOXES ETC.
No par common
MEDIC COMPUTER SYSTEMS, INC.
$.01 par common
MELAMINE CHEMICALS, INC.
$.01 par common
MODTECH, INC.
$.01 par common
MOSINEE PAPER CORPORATION
$2.50 par common
MUSTANG SOFTWARE, INC.
No par common
NATIONAL HEALTH ENHANCEMENT SYSTEMS
$.001 par common
NATIONAL PICTURE & FRAME COMPANY
$.01 par common
NETWORK GENERAL CORPORATION
$.01 par common
NFO WORLDWIDE, INC.
$.01 par common
OFFSHORE ENERGY DEVELOPMENT
$.01 par common
ORTHODONTIC CENTERS OF AMERICA INC.
$.01 par common
PHONETEL TECHNOLOGIES, INC.
$0.01 par common
PHYSICIAN SUPPORT SYSTEMS, INC.
$.001 par common
PHYSICIANS HEALTH SERVICES, INC.
Class A, $.01 par common
PITTENCRIEFF COMMUNICATIONS, INC.
$.01 par common
POE & BROWN, INC.
$.10 par common
PREMENOS TECHNOLOGY CORPORATION
$.01 par common
PREMIER PARKS, INC.
$.05 par common
PRIMARY BANK (New Hampshire)
$.01 par common
PRONET, INC.
$.01 par common
REXWORKS, INC.
$.12 par common
ROBBINS & MYERS, INC.
No par common
ROTECH MEDICAL CORPORATION
$.0002 par common
SEAMAN FURNITURE COMPANY, INC.
$.01 par common
SEQUANA THERAPEUTICS, INC.
$.001 par common
SHO-ME FINANCIAL CORPORATION
$.01 par common
SIRROM CAPITAL CORPORATION
No par common
$.01 par common
Class A, $.01 par common
SULLIVAN DENTAL PRODUCTS, INC.
$.01 par common
TECHNOLOGY SERVICE GROUP, INC.
$.01 par common
Warrants (expire 05-09-1999)
TECNOL MEDICAL PRODUCTS, INC.
$.001 par common
THOMPSON PBE, INC.
$.01 par common
TODHUNTER INTERNATIONAL, INC.
$.01 par common
TRANSTEXAS GAS CORPORATION
$.01 par common
TRIANGLE BANCORP, INC. (North
No par common
TUESDAY MORNING CORP.
$.01 par common
TYSON FOODS, INC.
Class A, $.10 par common
USLD COMMUNICATIONS CORPORATION
$.01 par common
VACATION BREAK U.S.A., INC.
$.01 par common
VECTRA BANKING CORPORATION
$.01 par common
VBC Capital I Cumulative capital
VIEWLOGIC SYSTEMS, INC.
$.01 par common
VIRGINIA FIRST FINANCIAL CORPORATION
$1.00 par common
WALTER INDUSTRIES, INC.
$.01 par common
ZYTEC CORP.
No par common
Additions to the List of Marginable OTC Stocks
ACT TELECONFERENCING, INC.
No par common
ADVANTICA RESTAURANT GROUP, INC.
$.01 par common
Warrants (expire 01-07-2005)
ALYDAAR SOFTWARE CORPORATION
$.001 par common
AMERICAN BINGO & GAMING CORPORATION
$.001 par common
AMERICAN EDUCATIONAL PRODUCTS, INC.
$.05 par common
AMERICAN PHYSICIAN PARTNERS, INC.
$.001 par common
AMERIPATH, INC.
$.01 par common
AMSURG, INC.
Class A, no par common
Class B, no par common
AMVESTORS FINANCIAL CORPORATION
Warrants (expire 04-03-2002)
APPLIED FILMS CORPORATION
No par common
APPLIED MICRO CIRCUITS CORPORATION
$.01 par common
ATLANTIC GULF COMMUNITIES CORPORATION
A Warrants (expire 06-23-2004)
B Warrants (expire 06-23-2004)
C Warrants (expire 06-23-2004)
AVTEAM, INC.
$.01 par common
BANK OF THE OZARKS, INC.
$.01 par common
BARBEQUES GALORE LIMITED
American Depositary Receipts
BAY BANCSHARES, INC. (Texas)
$1.00 par common
BERINGER WINE ESTATES HOLDINGS, INC.
Class B, no par common
BIGMAR, INC.
[[Page 3807]]
$.001 par common
BIOANALYTICAL SYSTEMS, INC.
No par common
BOREL BANK & TRUST COMPANY (California)
$.01 par common
BRASS EAGLE, INC.
$.01 par common
BRIGHT HORIZONS, INC.
$.01 par common
BROUGHTON FOODS COMPANY
$1.00 par common
C.H. ROBINSON WORLDWIDE, INC.
$.10 par common
C3, INC.
No par common
CANADA SOUTHERN PETROLEUM LTD.
$1.00 par limited voting shares
CAPITOL BANCORP, LTD.
$10.00 par trust preferred
CAPTEC NET LEASE REALTY, INC.
$.01 par common
CASELLA WASTE SYSTEMS, INC.
Class A, $.01 par common
CELLEGY PHARMACEUTICALS, INC.
Warrants (expire 08-10-2000)
CFI MORTGAGE, INC.
$.01 par common
COLORADO MEDTECH, INC.
No par common
COLT TELECOM GROUP, PLC
American Depositary Shares
COMMUNITY FIRST BANKSHARES, INC.
Cumulative Capital Securities of CFB Capital II
COMPU-DAWN, INC.
$.01 par common
CONCORD COMMUNICATIONS, INC.
$.01 par common
CONNING CORPORATION
$.01 par common
CONSOLIDATED CAPITAL CORPORATION
$.001 par common
CRAGAR INDUSTRIES, INC.
$.01 par common
CROSSKEYS SYSTEMS CORPORATION
No par common
DENALI, INC.
$.01 par common
DENTAL CARE ALLIANCE, INC.
$.01 par common
DENTAL/MEDICAL DIAGNOSTIC SYSTEMS, INC.
$.01 par common
EAST TELECOM GROUP PLC
American Depositary Receipts
ECHOSTAR COMMUNICATIONS CORPORATION
Series C, $.01 par cumulative convertible preferred
EDISON BROTHERS STORES, INCORPORATED
$.01 par common
ELECTRIC LIGHTWAVE, INC.
Class A, $.01 par common
ELECTRONIC PROCESSING, INC.
$.01 par common
ENERGIS, PLC
American Depositary Shares
ESG RE LIMITED
$1.00 par common
EXCEL SWITCHING CORPORATION
$.01 par common
FALLBROOK NATIONAL BANK
$.625 par common
FAROUDJA, INC.
$.001 par common
FINET HOLDINGS CORPORATION
$.01 par common
FIRST ROBINSON FINANCIAL CORPORATION
$.01 par common
FIRST SECURITYFED FINANCIAL, INC.
$.01 par common
FLEXIINTERNATIONAL SOFTWARE, INC.
$.01 par common
FOCAL, INC.
$.01 par common
FORMULA SYSTEMS (1985), LTD.
American Depositary Receipts
FRANKLIN BANK, NATIONAL ASSOCIATION
Series A, noncumulative exchangeable preferred
FRANCHISE MORTGAGE ACCEPTANCE COMPANY
$.001 par common
FRIENDLY ICE CREAM CORPORATION
$.01 par common
GAMETECH INTERNATIONAL, INC.
$.001 par common
GART SPORTS COMPANY
$.01 par common
GENE LOGIC, INC.
$.001 par common
GILAT COMMUNICATIONS, LTD.
Ordinary Shares (NIS .01)
GOLD BANC CORPORATION, INC.
$25 par preferred securities
GREAT PEE DEE BANCORP, INC.
$.01 par common
HAYES CORPORATION
$.01 par common
HEALTHWORLD CORPORATION
$.01 par common
HERBALIFE INTERNATIONAL, INC.
Class B, $.01 par common
HERITAGE FINANCIAL CORPORATION
$.01 par common
HERLEY INDUSTRIES, INC.
Warrants (expire 01-11-1999)
HOLT'S CIGAR HOLDINGS, INC.
$.001 par common
HOMECAPITAL INVESTMENT CORPORATION
$.01 par common
HURRICANEHYDROCARBONS, LTD.
Class A, no par common
HYBRID NETWORKS, INC.
$.001 par common
I.C. ISAACS & COMPANY, INC.
$.0001 par common
ICOS VISION SYSTEMS CORPORATION
No par common
IMAGEMAX, INC.
No par common
IMAGING TECHNOLOGIES CORPORATION
$.005 par common
IMPERIAL CREDIT COMMERCIAL MORTGAGE INVESTORS
$.001 par common
INDIANA UNITED BANCORP, INC.
Cumulative trust preferred securities
INFORMATION ADVANTAGE, INC.
$.01 par common
INMARK ENTERPRISES, INC.
$.001 par common
INNOVATIVE VALVE TECHNOLOGIES, INC.
$.001 par common
INTERNATIONAL AIRCRAFT INVESTORS
$.01 par common
INTERNATIONAL BRIGUETTES HOLDING
$.01 par ordinary shares
INTERNATIONAL MANUFACTURING SERVICES, INC.
Class A, $.001 par common
INTERNATIONAL SPORTS WAGERING, INC.
$.001 par common
INTERVU, INC.
$.001 par common
ITC DELTACOM, INC.
$.01 par common
JAVELIN SYSTEMS, INC.
$.01 par common
KSB BANCORP, INC.
$.01 par common
LAMINATING TECHNOLOGIES, INC.
$.01 par common
LANDMARK SYSTEMS CORPORATION
$.01 par common
LET'S TALK CELLULAR & WIRELESS, INC.
$.01 par common
LINC CAPITAL, INC.
$.001 par common
LONG ISLAND COMMERCIAL BANK
$3.00 par common
LYNX THERAPEUTICS, INC.
$.001 par common
MADE2MANAGE SYSTEMS, INC.
No par common
MAHONING NATIONAL BANCORP, INC.
No par common, $1.00 stated value
MEDIWARE INFORMATION SYSTEMS, INC.
$.10 par common
METROMEDIA FIBER NETWORK, INC.
Class A, $.01 par common
METRONET COMMUNICATIONS CORPORATION
Class B, non-voting no par common
MIDWAY AIRLINES CORPORATION
$.01 par common
MMC NETWORKS, INC.
$.001 par common
MONTGOMERY FINANCIAL CORPORATION
$.01 par common
MOTOR CARGO INDUSTRIES, INC.
No par common
MPW INDUSTRIAL SERVICES GROUP, INC.
No par common
MYSTIC FINANCIAL, INC.
$.01 par common
N2K, INC.
$.001 par common
NAM TAI ELECTRONICS, INC.
Warrants (expire 11-01-2000)
NANOPHASE TECHNOLOGIES CORPORATION
$.01 par common
NEUTRAL POSTURE ERGONOMICS, INC.
$.01 par common
NOVACARE EMPLOYEES SERVICES, INC.
$.01 par common
NOVAMERICAN STEEL, INC.
No par common
NRG GENERATING (U.S.), INC.
$.01 par common
NYMOX PHARMACEUTICAL CORPORATION
$2.00 par common
OAO TECHNOLOGY SOLUTIONS, INC.
$.01 par common
OMNI ENERGY SERVICES CORPORATION
$.01 par common
OUTSOURCE INTERNATIONAL, INC.
$.001 par common
OYO GEOSPACE CORPORATION
[[Page 3808]]
$.01 par common
PAPER WAREHOUSE, INC.
$.01 par common
PAULA FINANCIAL
$.01 par common
PEMBRIDGE, INC.
No par common
PENNFED FINANCIAL SERVICES, INC.
$25.00 par cumulative trust preferred stock
PENNFIRST BANCORP, INC.
Cumulative trust preferred securities
PERICOM SEMICONDUCTOR CORPORATION
No par common
PETROGLYPH ENERGY, INC.
$.01 par common
POWER INTEGRATION, INC.
$.001 par common
PRECISION AUTO CARE, INC.
$.01 par common
PREVIEW TRAVEL, INC.
$.001 par common
PRINCETON VIDEO IMAGE, INC.
No par common
PRIORITY HEALTHCARE CORPORATION
Class B, $.01 par common
PROGENICS PHARMACEUTICALS, INC.
$.0013 par common
PRT GROUP
$.001 par common
QUESTA OIL & GAS COMPANY
$.01 par common
QUIGLEY CORPORATION
$.0005 par common
REALNETWORKS, INC.
$.001 par common
ROCK OF AGES CORPORATION
Class A, $.01 par common
SIX RIVERS NATIONAL BANK (California)
$5.00 par common
SKY NETWORK TELEVISION LIMITED
American Depositary Shares
SNB BANCSHARES, INC. (Georgia)
$1.00 par common
SOMNUS MEDICAL TECHNOLOGIES, INC.
$.001 par common
SOUTHERN COMMUNITY BANCSHARES, INC.
$.01 par common
SPECTRA-PHYSICS LASERS, INC.
$.01 par common
SPIROS DEVELOPMENT CORPORATION II, INC.
Units (expire 12-31-1999)
SPORTSLINE USA, INC.
$.01 par common
STIRLING COOKE BROWN HOLDINGS LIMITED
$.25 par ordinary shares
SUCCESS BANCSHARES, INC. (Illinois)
$.001 par common
SUN BANCORP, INC. (New Jersey)
$1.00 par common
T & W FINANCIAL CORPORATION
$.01 par common
TEKGRAF, INC.
$.001 par common
Warrants (expire 11-20-2002)
TELIGENT, INC.
Class A, $.01 par common
TELSCAPE INTERNATIONAL, INC.
$.001 par common
TERA COMPUTER COMPANY
$.01 par common
TIER TECHNOLOGIES, INC.
Class B, no par common
TIMBERLAND BANCORP, INC.
$.01 par common
TODAY'S MAN, INC.
Warrants (expire 12-31-1999)
TOPRO, INC.
$.0001 par common
TOYMAX INTERNATIONAL, INC.
$.01 par common
TRANSCOASTAL MARINE SERVICES, INC.
$.001 par common
TRANSIT GROUP, INC.
$.01 par common
TRI-COUNTY BANCORP, INC.
$.10 par common
TROPICAL SPORTSWEAR INTERNATIONAL CORPORATION
$.01 par common
U.S. TIMBERLANDS COMPANY, LP
No par common
U.S. VISION, INC.
$.01 par common
UBICS, INC.
$.01 par common
UNIDYNE CORPORATION
$.001 par common
UNION COMMUNITY BANCORP.
No par common
USWEB CORPORATION
$.0001 par common
VARI-LITE INTERNATIONAL, INC.
$.01 par common
VIRGIN EXPRESS HOLDINGS, PLC
American Depositary Shares
VRB BANCORP (Oregon)
No par common
WARWICK COMMUNITY BANCORP, INC.
$.01 par common
WASHINGTON SCIENTIFIC INDUSTRIES, INC.
$.10 par common
WHG BANCSHARES CORPORATION
$.10 par common
WHITE CAP INDUSTRIES, INC.
$.01 par common
WMF GROUP, LTD.
$.01 par common
YOUNG INNOVATIONS, INC.
$.01 par common
ZYMETX, INC.
$.001 par common
Deletions From the Foreign Margin List
Australia
ARNOTTS LIMITED
Ordinary shares, par A$0.50
BANK OF MELBOURNE LIMITED
Ordinary shares, par A$1.00
Austria
CREDITANSTALT-BANKVEREIN AG
Preferred shares, par 100 Austrian
CREDITANSTALT-BANKVEREIN AG
Ordinary shares, par 1000 Austrian
CREDITANSTALT-BANKVEREIN AG
Participation Certificates, par 500
Belgium
BBL (BANQUE BRUX LAMB)
Ordinary shares, no par
POWERFIN SA
No par participating certificates
Canada
LONDON INSURANCE GROUP INC.
No par common
France
USINOR SACILOR
Common shares par 40 French francs
WORMS ET COMPAGNIE SCA
Registered shares, par 12 French
Germany
PWA PAPIERWERKE WALDHOF-ASCHAFFENBURG
Bearer shares, par DM 50
Hong Kong
CHINA LIGHT & POWER COMPANY, LIMITED
HK$5.00 par ordinary shares
KOWLOON MOTOR BUS COMPANY (1933) LTD
HK$1.00 par ordinary shares
Ireland
WOODCHESTER INVESTMENTS PLC
A Ordinary shares, par .20 Irish
Italy
BANCO AMBROSIANO VENETO SPA
Non-convertible savings shares, par
BANCO AMBROSIANO VENETO SPA
Ordinary shares, par 1000 lira
Japan
HOKKAIDO TAKUSHOKU BANK, LIMITED
Y 50 par common
JAPAN SYNTHETIC RUBBER CO., LTD.
Y 50 par common
SANYO SECURITIES CO., LTD.
Y 50 par common
TOSHOKU LTD.
Y 50 par common
YAMAICHI SECURITIES CO., LTD.
Y 50 par common
Mexico
CIFRA, S.A. DE C.V.
Series A Common, par .30 Mexican
CIFRA, S.A. DE C.V.
Series B Common, par .30 Mexican
Norway
STOREBRAND AS
Convertible preferred A shares, par
Philippines
AYALA CORPORATION
Class B common shares, par 1
AYALA LAND INC.
Class B Common Shares, par 1
Singapore
HAW PAR BROTHERS INTERNATIONAL LTD.
Ordinary shares, par S$1.00
INCHCAPE BERHAD
Ordinary shares, par S$0.50
Sweden
NORDBANKEN AB
Restricted shares, par 12.50
SPARBANKEN SVERIGE AB (Swedbank)
Series A, par 10 Swedish krona
Switzerland
ELEKTROWATT AG
Bearer shares, par 50 Swiss francs
United Kingdom
COWIE GROUP PLC
Ordinary shares, par 5 p
GRAND METROPOLITAN PLC
Ordinary shares, par 25 p
GUINNESS PLC
[[Page 3809]]
Ordinary shares, par 25 p
HARRISONS & CROSFIELD PLC
Ordinary shares, par 25 p
MERCURY ASSET MANAGEMENT GROUP PLC
Ordinary shares, par 5 p
REDLAND PLC
Ordinary shares, par 25 p
TR CITY OF LONDON TRUST PLC
Ordinary shares, par 25 p
Additions to the Foreign Margin List
Australia
TELSTRA CORPORATION
Ordinary shares, par A$1.00
Austria
AUSTRIAN TABAK
Ordinary shares, par 1000 Austrian
Belgium
UCB SA
Ordinary shares, no par
France
FRANCE TELECOM SA
Ordinary shares, par 25 French
USINOR SA
Common, par 40 French francs
Germany
HOECHST AG
Bearer shares, par DM 50
Hong Kong
CLP HOLDINGS, LIMITED
HK$5.00 par ordinary shares
KMB HOLDINGS, LIMITED
HK$1.00 par ordinary shares
Italy
BANCA INTESA SPA
Ordinary shares, par 1000 lira
BANCA INTESA SPA
Non-convertible savings shares, par
Japan
JSR CORPORATION
Y 50 par common
RINNAI CORPORATION
Y 50 par common
Mexico
CIFRA, S.A. DE C.V.
Series V, no par common
Norway
STOREBRAND AS
A Common Shares, par 5 Norwegian
Philippines
AYALA CORPORATION
Common, par 1 Philippine peso
AYALO LAND, INC.
Common, par 1 Philippine peso
Singapore
HAW PAR CORPORATION
Ordinary shares, par S$1.00
INCHOAPE MOTORS, LTD.
Ordinary shares, par S$.50
Sweden
FORENINGS SPARBANKEN AB
Series A, par 10 Swedish krona
NORDBANKEN HOLDING AB
Registered shares, par 12.50
United Kingdom
ARRIVA PLC
Ordinary shares, par 5 p
CITY OF LONDON PLC
Ordinary shares, par 25 p
DIAGEO PLC
Ordinary shares, par 25 p
ELEMENTIS PLC
Ordinary shares, par 25 p
By order of the Board of Governors of the Federal Reserve
System, acting by its Director of the Division of Banking
Supervision and Regulation pursuant to delegated authority (12 CFR
265.7(f)(10)), January 21, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-1863 Filed 1-26-98; 8:45 am]
BILLING CODE 6210-01-P
