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F e d e r a l Re s e r v e B a n k o f Da l l a s
DALLAS, TEXAS

7S222

Circular No. 82-137
O ctober 27, 1982

OVER-THE-COUNTER (OTC) MARGIN STOCKS

TO ALL MEMBER BANKS, AND OTHERS CONCERNED
IN THE ELEVENTH FEDERAL RESERVE DISTRICT:
The Board o f G overnors o f the Federal R e s e r v e S y stem has published
the first supplem ent to the July 26, 1982 lis t o f o v e r -th e -c o u n te r (OTC) sto c k s that
are subject to its margin regulations.
This supplem ent is c o n siste n t with the
Board's policy o f publishing a c o m p le te list o n c e a year and publishing supplem ents
o f additions to and d e letio n s from the list t w ic e a year.
A tta c h e d is a copy o f the Board's press r e le a s e dated O ctober 1, 1982,
and the am en dm ent to the supplem ent, e f f e c t i v e O ctober 18, 1982. Enclosed is a
copy o f the "First Supplem ent to July 26, 1982 List o f OTC Margin Stocks".
Any questions regarding this circular and e n closu res should be d irected
to this Bank's Legal D ep artm en t, E xtension 6171.
Additional c o p ies o f this circular will be furnished upon request to the
D e p a r tm e n t o f C om m unications, Financial and Com m unity A ffairs, E xtension 6289.
Sin cerely yours,

William H. W allace
First Vice President

Enclosures

Banks and others are encouraged to use the following incoming W A T S numbers in c on tacting this Bank:
1-800-442-7140 {intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the
extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

FEDERAL RESERVE press release
Rt*''. •'

For use i n morning papers
Monday, October 4, 1982

October 1, 1982

The Federal Reserve Board today p u b li s h e d a Supplement to i t s
l i s t of o v e r - t h e - c o u n t e r (OTC) s to c k s t h a t a r e s u b j e c t t o i t s margin
r e g u l a t i o n s , e f f e c t i v e October 18 , 1982.
The Supplement should be used i n c o n j u r c t i o n with the J u l y 26,
1982 L i s t of OTC Margin Stocks.

Changes t h a t have been made i n the L i s t , which

now in c lu d e s 1577 OTC s t o c k s , a r e as f o l l o w s :
— 73

s to c k s have been includ ed f o r th e f i r s t tim e.

- - 10

st o ck s p r e v i o u s l y on t h e L i s t have been removed f o r

s u b s t a n t i a l l y f a i l i n g to meet th e requirements f o r co nti nu ed l i s t i n g .
- - Z1

s to c k s have been removed f o r reasons such a s l i s t i n g on

a n a ti o n a l s e c u r i t i e s exchange o r the companies were a cq u ir ed by a n o th e r
fi r m .
The Board monitors a c t i v i t y of a l l OTC s to c k s to determine which
s to c k s meet th e requirements f o r i n c l u s i o n and c o n tin u e d i n c l u s i o n on the
L i s t o f OTC Margin S to c ks , and p e r i o d i c a l l y r e v i s e s th e L i s t .
Margin r e g u l a t i o n s g e n e r a l l y l i m i t the amount o f c r e d i t a p er so n o r
firm may o b t a i n t o buy, o r c a r r y , s e c u r i t i e s .

Stocks on th e L i s t o f OTC

Margin Stocks a r e s u b j e c t t o th e same margin requirements ( c u r r e n t l y 50
percent)

as st oc ks

l i s t e d on n a ti o n a l s to c k exchanges.

This means a person

o r firm buying a s to c k on c r e d i t must make a down payment equal t o a t l e a s t
50 p e r c e n t of t h e purchase p r i c e o f th e st o ck and may o b t a i n c r e d i t f o r the
remaining 50 p e r c e n t .

AM
ENDM
ENT TO
SUPPLEMENT TO LIST OF OTC MARGIN STOCKS
OCTOBER 18, 1982

DELETION FROM THE LIST
ROGERS CA3LESYSTEMS INC.
Class B, no par common


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102