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Federal r eserve Bank
OF DALLAS
WILLIAM H. WALLACE
FIRST VICE PRESIDENT

,,

DALLAS, TEXAS 7 5 2 2 2

,

August 13, 1986

Circular 86-70

TO:

The Chief Executive Officer of all
member banks and others concerned in
the Eleventh Federal Reserve District

SUBJECT
Over-the-Counter (OTC) Margin Stocks
DETAILS

The Board of Governors of the Federal Reserve System has revised the
list of over-the-counter (OTC) stocks that are subject to its margin
regulations.
The Federal Reserve Bank of Dallas will be publishing a complete
list once a year and publishing supplements of additions to and deletions from
thelist three times a year. The complete list of OTC
stocks effective May
13,
1986, is available from the Public Affairs Department.
ATTACHMENTS

The first supplement to the May 13, 1986 list of OTC stocks,
effective August 12, 1986, is attached.
MORE INFORMATION

For further information regarding marginable OTC stock requirements,
please contact this Bank's Legal Department at (214) 651-6228.
Sincerely yours,

For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are
encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800)
527-9200 (interstate).

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

LIST OF MARGINABLE OTC STOCKS
AS OF
AUGUST 12, 1986

This List of Marginabie OTC Stocks is published quarterly by the Board of Governors of
the Federal Reserve System (the Board) as a guide for lenders subject to the regulations and
for the general public. It is comprised of stocks traded over-the-counter (OTC) that have been
determined by the Board to be subject to margin requirements as of August 12, 1986, pur­
suant to Section 207.6 of Federal Reserve Regulation G, “ Securities Credit by Persons other
than Banks, Brokers, or Dealers,” Section 220.17 of Regulation T, “ Credit by Brokers and
Dealers,” and Section 221.7 of Regulation U, “ Credit by Banks for the Purpose of Purchasing
or Carrying Margin Stocks.” It also includes all securities qualified for trading in Tier 1 of
the national market system (NMS) through August 12,1986 and those in Tier 2 through July
15, 1986. Additional NMS securities may be added in the interim between publications and
are immediately marginabie upon designation as an NMS security. The names of these
securities are available at the Board and at the Securities and Exchange Commission. This
List supersedes the previous List published as of May 13, 1986.
CAUTION: It is unlawful for any person to cause any representation to be made that inclu­
sion of a security on this List indicates that the Board or the Securities and Exchange Com­
mission has in any way approved such security or transaction therein. Also, any reference
to the Board in connection with this List or any securities thereon in an advertisement or similar
communication is unlawful.
Any inquiry relating to this List or to Regulations G, T, U or X should be addressed to the
nearest Federal Reserve Bank.

(Prepared for Purposes of Regulations G, T, U and X)

BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
WASHINGTON, D.C.

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FIRST SUPPLEMENT TO MAY 13, 1986 LIST OF OTC MARGIN STOCKS
AUGUST 12, 1986
ADDITIONS TO THE LIST

*ACA JOE EASTERN, LTD.
$.01 par common

+ARBOR DRUGS, INC.
$.01 par common

+ADVANCED MAGNETICS, INC.
$.01 par common

+ASPEN RIBBONS, INC.
No par common

+AEP INDUSTRIES, INC.
$.01 par common

+ASTEC INDUSTRIES, INC.
$.20 par common

+AIM TELEPHONES, INC.
$.01 par common

♦ATLANTIC FEDERAL SAVINGS BANK
(Maryland)
$1.00 par common

+ALLI S O N 'S PLACE, INC.
$.01 par common
+AMERICA FIRST FEDERALLY GUARANTEED
MORTGAGE FUND 2 LIMITED PARTNERSHIP
Exchangeable Passthrough
Certificates
Exchangeable Units

+AW COMPUTER SYSTEMS, INC.
Class A, $.01 par common
+BAKER, J., INC.
$.50 par common
+BALCHEM CORPORATION
Class B, $.66-2/3 par common

+AMERICA FIRST TAX EXEMPT MORTGAGE
FUND LIMITED PARTNERSHIP
Beneficial Unit Certificates

+

+AMERICAN CRUISE LINES, INC.
$.01 par common

+BANCSERVE GROUP, INC.
$5.00 par common

+AMERICAN HEALTH COMPANIES, INC.
$.01 par common

+BAY VIEW FEDERAL SAVINGS & LOAN
ASSOCIATION (California)
$.01 par common

+AMERICAN HOME SHIELD CORPORATION
$.04 par common
+AMERICAN TRAVELLERS CORPORATION
$.01 par common
+ANCHOR GLASS CONTAINER CORPORATION
$.01 par common
+ANDOVER TOGS, INC.
$.10 par common

*Addition to List under Board criteria
+Addition to List under NMS designation

BALDWIN & LYONS, INC.
Class B, no par common

+BAYAMON FEDERAL SAVINGS & LOAN
ASSOCIATION OF PUERTO RICO
$1.00 par common
+BEAUTICONTROL COSMETICS, INC.
$.10 par conmon
*BIO-MEDICUS, INC.
$.01 par common

- 2 ♦BREAKWATER RESOURCES, LTD.
No par common

+CNL FINANCIAL CORPORATION
$1.00 par common

+BRENDLE'S INCORPORATED
$1.00 par common

C O M M U N I T Y BANK SYSTEM, INC.
(New York)
$1.25 par common

+BR00KFIELD FEDERAL BANK FOR SAVINGS
(Illinois)
$1.00 par common

♦COMMUNITY BANKSHARES, INC.
$1.00 par common

+BUEHLER INTERNATIONAL, INC.
$.01 par common

♦CONVERSION INDUSTRIES, INC.
No par common

+

CALUMET INDUSTRIES, INC.
Warrants (expire 02-27-87)

♦COSMETICS AND FRAGRANCE
CONCEPTS, INC.
$.01 par common

+CAMBRIDGE BIOSCIENCE CORPORATION
$.01 par common
*

CRONUS INDUSTRIES, INC.
Warrants (expire 02-01-90)

*

CROSSLAND SAVINGS, FSB (New York)
Series A, $1.8125 par cumula­
tive convertible preferred

+CAPITAL WIRE & CABLE CORPORATION
No par common
+CAYUGA SAVINGS BANK (New York)
$1.00 par common
CCA INDUSTRIES, INC.
♦
$.01 par common
+
Warrants
+CENTENNIAL REAL ESTATE INVESTMENT TRUST
No par shares of beneficial interest
+CENTRAL HOLDING COMPANY
No par common
+CHARTER-CRELLIN, INC.
$.01 par common
♦CHARTWELL GROUP LTD.
$.01 par common
♦CHILDREN'S DISCOVERY CENTERS OF
AMERICA, INC.
Class A, $.01 par common
♦CITIZENS FINANCIAL CORPORATION
$1.00 par common

*Addition to List under Board criteria
♦Addition to List under NMS designation

♦CYPRESS SEMICONDUCTOR CORPORATION
No par common
♦DIGITECH, INC.
$.10 par common
*D0XSEE FOOD CORPORATION
$.10 par common
♦ELDEC CORPORATION
$.05 par common
ENERGY FACTORS, INC.
*8i% convertible subordinated
debentures
♦ENSECO INCORPORATED
$.01 par common
♦ENTERTAINMENT MARKETING,
INCORPORATED
$.01 par common

- 3 *ESCALADE, INCORPORATED
$1.00 par common

+GEMCRAFT, INC.
$.10 par common

+FARADYNE ELECTRONICS CORP.
$.05 par common

+GENERAL COMPUTER CORPORATION
$.10 par common

+FFB CORP.
$1.00 par common

+GENETICS INSTITUTE, INC.
$.01 par common

+FIRST AMERICAN SAVINGS, F.A.
(Pennsylvania)
$1.00 par common

+GENICOM CORPORATION
$.01 par common

+FIRST COMMUNITY BANCORP, INC.
$10.00 par common
*FIRST FEDERAL OF THE CAROL INAS, F.A.
$1.00 par convertible preferred
+FIRST OAK BROOK BANCSHARES, INC.
(Illinois)
Class A, $2.00 par common

+GENMAR INDUSTRIES, INC.
$.01 par common
+GENZYME CORPORATION
$.01 par common
*G0LDEN KNIGHT RESOURCES INC.
No par common
+GREAT AMERICAN RECREATION, INC.
$.01 par common

+FIRSTBANK OF ILLINOIS CO.
$2.00 par common

+GRENADA SUNBURST SYSTEM
CORPORATION
+FLORIDA EMPLOYERS INSURANCE COMPANY, THE
$2.50 par common
$.01 par common
HAVERTY FURNITURE COMPANIES, INC.
+FRANKF0RD CORPORATION, THE
+
Class A, $1.00 par common
$1.00 par common
+HENLEY GROUP, INC., THE
+FRETTER, INC.
$.01 par common
$.01 par common
+HOME FEDERAL SAVINGS BANK
+GANDER MOUNTAIN, INC.
(Maryland)
$.01 par common
$1.00 par common
+GANTOS, INC.
$.01 par common

+HOME SAVINGS & LOAN ASSOCIATION,
INC. (North Carolina)
$1.00 par common

*GARDENAMERICA CORPORATION
No par common
+
+GATEWAY COMMUNICATIONS, INC.
No par common

*Addition to List under Board criteria
+Addition to List under NMS designation

HPSC, INC.
Warrants (expire 01-15-89)

*IMMUCOR, INC.
$.10 par common

- 4 ^INDEPENDENT BANK CORPORATION
$1.00 par common

*KURZWEIL MUSIC SYSTEMS, INC.
$.001 par common

+INFINITY BROADCASTING CORPORATION
Class A, $.01 par common

+LAKE SUNAPEE SAVINGS BANK, F.S.B.
(New Hampshire)
$1.00 par common

♦INTEGRATED RESOURCES AMERICAN INSURED
MORTGAGE INVESTORS SERIES ‘85,
A CALIFORNIA LIMITED PARTNERSHIP
Depository units

*LASER PRECISION CORPORATION
$.10 par common

+INTERLEAF, INC.
$.01 par common

+LEISURE CONCEPTS, INC.
$.01 par common

+INTERNATIONAL ROBOMATION/INTELLIGENCE
No par common

+LINCOLN FOODSERVICE PRODUCTS,
INC.
No par common

+ITO-YOKADO CO., LTD.
American Depository Receipts

+MACMILLAN BLOEDEL LIMITED
No par common

+J & J SNACK FOODS CORPORATION
No par common

+MANAGEMENT ASSISTANCE INC.
LIQUIDATING TRUST
Units of beneficial interest

+JEFFERSON NATIONAL BANK (New York)
$1.00 par common
+JG INDUSTRIES, INC.
No par common
+KAHLER CORPORATION, THE
$2.50 par common
+KENILWORTH SYSTEMS CORPORATION
$.01 par common
+KENT ELECTRONICS CORPORATION
No par common
+KEY CENTURION BANCSHARES, INC.
$3.00 par common
*KIRSCHNER MEDICAL CORPORATION
$.10 par common
+KLLM TRANSPORT SERVICES, INC.
$1.00 par common

*Addition to List under Board criteria
+Addition to List under NMS designation

+MARIETTA CORPORATION
$.01 par common
+MEDFORD SAVINGS BANK
(Massachusetts)
$.10 par common
*MEMORY METALS, INC.
$.01 par common
+MID-HUDSON SAVINGS BANK, FSB
(New York)
$1.00 par common
MIDWAY AIRLINES, INC.
*
Series B, convertible
exchangeable preferred
+MODULAR TECHNOLOGY, INC.
$.01 par common
+MOORE-HANDLEY, INC.
$.10 par common

- 5 +NEOAX, INC.
$.05 par common

+P0LY-TECH, INC.
No par common

*NETI TECHNOLOGIES INC.
No par common

+P0RTS OF CALL, INC.
$.20 par common

+NEW MILFORD SAVINGS BANK (Connecticut)
$1.00 par common

*

PRE-PAID LEGAL SERVICES, INC.
Warrants (expire 11-30-87)

+NEWP0RT NEWS SAVINGS AND LOAN ASSOCIATION +PROSPECT GROUP, INC., THE
$.50 par common
$1.00 par common
+NIAGARA EXCHANGE CORPORATION
$1.00 par common

+PYRAMID TECHNOLOGY CORPORATION
No par common

+NORTH AMERICAN COMMUNICATIONS CORPORATION +REIDEL ENVIRONMENTAL
TECHNOLOGIES, INC.
$.01 par common
$.01 par common
*NORTH AMERICAN SAVINGS ASSOCIATION
+REPLIGEN CORPORATION
(Missouri)
$.01 par common
$1.00 par common
+

NOVA PHARMACEUTICAL CORPORATION
Class B, warrants (expire 08-05-88)

+RICHMOND HILLS SAVINGS BANK
$1.00 par common

P & F INDUSTRIES, INC.
+
$.20 par common
+
Warrants (expire 05-18-87)

+ROCHESTER COMMUNITY SAVINGS
BANK, THE
$1.00 par common

+PACIFIC NUCLEAR SYSTEMS, INC.
$.01 par common

+ R U D Y 1S RESTAURANT GROUP, INC.
$.01 par common

+PEOPLES WESTCHESTER SAVINGS BANK
(New York)
$1.00 par common

+RYAN, BECK & CO., INC.
$.10 par common

+SAVOY INDUSTRIES, INC.
$.01 par common
+PIEDM0NT FEDERAL SAVINGS BANK (Virginia)
$1.00 par common
+SHOE CITY CORPORATION
$.10 par common
+PI0NEER SAVINGS BANK, INC.
(North Carolina)
^SILVER HART MINES, LTD.
$1.00 par common
No par common
+P0LK AUDIO, INC.
+SKANEATELES SAVINGS BANK
$.01 par common
(New York)
$1.00 par common

*Addition to List under Board criteria
+Addition to List under NMS designation

- 6 +SKYWEST, INC.
No par common

+TEKNOWLEDGE INC.
$.01 par common

+S00NER DEFENSE OF FLORIDA, INC.
$.01 par common

+TELEQUEST, INC.
No par common

+SOUTH CAROLINA FEDERAL SAVINGS BANK
$1.00 par common

*TEL0S CORPORATION
$.01 par common

+SOUTHEASTERN SAVINGS & LOAN COMPANY
(North Carolina)
$1.00 par common

+THERMO ANALYTICAL, INC.
$.10 par common

+SOUTHINGTON SAVINGS BANK (Connecticut)
$1.00 par common

+TMK/UNITED, INC.
$1.00 par common

*SOUTHWEST AIRLINES CO.
Warrants (expire 06-25-90)

+TOMPKINS COUNTY TRUST COMPANY
(New York)
$5.00 par common

+SPARTECH CORPORATION
$.50 par common

+T0WER FEDERAL SAVINGS BANK
(Indiana)
$.01 par common

*STATER BROS. INC.
$.01 par common
*

STATEWIDE BANCORP
Warrants (expire 03-31-89)

+STERLING, INC.
No par common
+SUMMIT SAVINGS ASSOCIATION (Washington)
$8.00 par common
SUNSTATES CORPORATION
+
$25.00 par preferred
+SYBRA, INC.
$.10 par common
+SYNERCOM TECHNOLOGY, INC.
$.03 par common

+TOWN & COUNTRY JEWELRY
MANUFACTURING CORPORATION
$.01 par common
+TRADITIONAL INDUSTRIES, INC.
$.20 par common
+TRENWICK GROUP, INC.
No par common
+

TRI-STAR PICTURES INC.
Warrants (expire 06-01-92)

+TYCO TOYS, INC.
$.01 par common
UNITED DOMINION REALTY TRUST,
INC.
* % convertible subordinated
9 o
debentures

+TCF BANKING AND SAVINGS, F.A. (Minnesota)
+UNITED INSURANCE COMPANIES, INC.
$.01 par common
$.01 par common
+TECH DATA CORPORATION
$.0015 par common

*Addition to List under Board criteria
+Addition to List under NMS designation

- 7 +UNITED SAVINGS AND LOAN ASSOCIATION
(Missouri)
$1.00 par common
+UNIVERSAL VOLTRONICS CORPORATION
$.05 par common
*VANGUARD SAVINGS BANK (Massachusetts)
$.10 par common

+WESTERN BANK (Oregon)
$2.50 par common
♦WESTERN PUBLISHING GROUP, INC.
$.01 par common
+WORLDS OF WONDER, INC.
No par common
+

*WASTE TECHNOLOGY CORP.
$.01 par common
+WATERFORD GLASS GROUP, PLC.
No par common

XIDEX CORPORATION
Warrants (expire 04-16-93)

+XOMA CORPORATION
$.0005 par common
+XYVISI0N, INC.
$.03 par common

+WEBSTER CLOTHES, INC.
$.01 par common
+WERNER ENTERPRISES, INC.
$.01 par common

DELETIONS FROM THE LIST

A & M FOOD SERVICES, INC.
$.01 par common

APPLIED CIRCUIT TECHNOLOGY, INC.
No par common

ACRO ENERGY CORPORATION
No par common

ARGONAUT ENERGY CORPORATION
No par common

ALFIN FRAGRANCES, INC.
$.01 par common

BIOSEARCH MEDICAL PRODUCTS INC.
No par common

AMERICAN CELLULAR TELEPHONE CORP.
Class A, $.01 par common

BOOTH, INC.
$.50 par common

AMERICAN TECHNICAL CERAMICS CORP.
$.01 par common

CALLON PETROLEUM COMPANY
$.01 par common

AMERICARE HEALTH CORPORATION
$1.00 par common

CAROLINA MINES LTD.
No par common

AMSTAR CORPORATION
$12.50 par cumulative preferred

CENTRUST SAVINGS BANK (Florida)
$.01 par common

*Addition to List under Board criteria
+Addition to List under NMS designation

- 8 CITIZENS CABLE COMMUNICATIONS, INC.
No par common

FIRST MIDWEST CORPORATION
$1.00 par common

CITYFED FINANCIAL CORPORATION
$2.20 par cumulative
convertible preferred

FIRST NATIONAL CORPORATION (Ohio)
No par common

COMMONWEALTH REALTY TRUST
Class A, no par shares of
beneficial interest
COMPUSAVE CORPORATION
$.01 par common
CONTINENTAL HEALTH AFFILIATES, INC.
Warrants (expire 04-03-86)
CONTINENTAL HEALTHCARE SYSTEMS INC.
$.01 par common
CRADDOCK-TERRY SHOE CORPORATION
$1.00 par common
DECISION DATA COMPUTER CORPORATION
$.10 par common
DIPLOMAT ELECTRONICS CORPORATION
$.10 par common
EMETT & CHANDLER COMPANIES, INC.
$.50 par common
ENVIRONMENTAL SYSTEMS COMPANY
$.01 par common
EXPEDITORS INTERNATIONAL OF WASHINGTON,
INC.
Warrants (expire 09-17-89)
FIRST EXECUTIVE CORPORATION
Series D, $1.00 par cumulative
convertible preferred
FIRST FEDERAL SAVINGS & LOAN ASSOCIATION
OF ROANOKE
$.10 par common
FIRST INDIANA BANCORP
$10.00 par common

GENERAL DEVICES, INC.
$.01 par common
GENERAL HYDROCARBONS, INC.
$.10 par common
GEORGIA FEDERAL BANK, FSB
$1.00 par common
HAMMER TECHNOLOGIES, INC.
$.001 par common
HEALTH INFORMATION SYSTEMS INC.
$.01 par common
HIGHLANDS-NATIONAL, INC.
$1.00 par common
INDIANA NATIONAL CORPORATION
No par depository preferred
INTEGRATED BARTER INTERNATIONAL,
INC.
$.04 par common
INTERCONTINENTAL ENERGY
CORPORATION
$.40 par common
LARSEN COMPANY, THE
$.40 par common
LILY-TULIP, INC.
$.05 par common
LINCOLN INCOME LIFE INSURANCE
COMPANY
$1.00 par common
LORIMAR TELEPICTURES CORPORATION
8-3/4% convertible
subordinated debentures

- 9 MEDICORE, INC.
$.01 par common

REID-ROWELL, INC.
$.20 par common

MEDIPLEX GROUP, INC., THE
$.10 par common

RIVAL MANUFACTURING COMPANY
$1.00 par common

MIDWEST COMMERCE CORPORATION
No par common

RJ FINANCIAL CORPORATION
$.01 par common

MODULINE INTERNATIONAL, INC.
No par common

ROCKY MOUNTAIN NATURAL GAS
COMPANY, INC.
$3.00 par common

MORRIS COUNTY SAVINGS BANK (New Jersey)
$2.00 par common
MR. STEAK, INC.
No par common
MYLAN LABORATORIES INC.
$.50 par common
NUMERAX, INC.
$.01 par common

SATELCO, INC.
$.10 par common
SAVINGS BANK OF PUGET SOUND, FSB
$5.00 par common
SERVAMATIC SYSTEMS, INC.
No par common
SLOAN TECHNOLOGY CORPORATION
$.10 par common

OFFSHORE LOGISTICS, INC.
Series A, no par convertible preferred STATEWIDE BANCORP.
Series A, $2.20 cumulative
convertible preferred
OMNI EQUITIES, INC.
$.01 par common
STRATA CORPORATION
Class A, $.10 par common
ORS AUTOMATION INC.
$.01 par common
SUBURBAN AIRLINES, INC.
$1.00 par common
PACIFIC GAMBLE ROBINSON COMPANY
$5.00 par common
SUMMIT BANCORPORATION, THE
Series A, $2.20 cumulative
PEERLESS CHAIN COMPANY
convertible preferred
$.25 par common
PHARMACY CORPORATION OF AMERICA, INC.
$.01 par common

TECHNICAL EQUITIES CORPORATION
$1.00 par capital

PITTSBURGH BREWING COMPANY
$1.00 par common

TEMPO ENTERPRISES, INC.
$.01 par common

PROVINCETOWN-BOSTON AIRLINE, INC.
$.01 par common

THORATEC LABORATORIES CORPORATION
No par common

- 10 TIDELANDS ROYALTY TRUST "B"
Units of beneficial interest

VAN SCHAACK & COMPANY
$1.00 par common

TRANS LOUISIANA GAS COMPANY, INC.
No par common

VICTORIA STATION INC.
$.10 par common

UNION BANCORP INC. (Michigan)
$1.00 par common

VISUAL TECHNOLOGY, INC.
$.10 par common

UNITED FEDERAL BANK, FSB (New Hampshire)
$1.00 par common

VOIT CORPORATION
$.005 par common

UNITED STATES MUTUAL FINANCIAL
CORPORATION
$1.00 par common

WIDCOM INC.
$.01 par common

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