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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
@FedFRASER