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F ederal R eser ve Bank
OF DALLAS
W IL L IA M

H. WALLACE

DALLAS, TEXAS 7 5 2 2 2

FIRST V IC E P R E S ID EN T
AND CH IE F O PERATING O FFIC ER

November 17, 1987

Circular 87-80

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, effective November 10, 1987, that are
subject to its margin regulations. The Federal Reserve Bank will be
publishing a complete list once a year and publishing supplements of additions
to and deletions from the list three times a year. The complete list of OTC
stocks effective February 10, 1987 and the supplements of additions and
deletions effective May 12, 1987 and August 11, 1987 are available from the
Public Affairs Department.
ATTACHMENTS
The Board's press release and the material as published in the
Federal Register announcing revisions to the list of OTC stocks effective
November 10, 1987 are attached.
MORE INFORMATION
For further information regarding marginable OTC stock requirements,
please contact Dean A. Pankonien of 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)

FEDERALRESERVEpressrelease
For use in morning papers
October 26, 1987

October 23, 1987

The Federal Reserve Board today published a revised
list of over-the-counter (OTC) stocks that are subject to its
margin regulations, effective November 10, 1987.
This List of Marginable OTC Stocks supersedes the
revised List of Marginable OTC Stocks that was effective on
August 11, 1987.

Changes that have been made in the List, which

now includes 3,328 OTC stocks, are as follows:
—

182 stocks have been included for the first
time, 153 under NMS designation.

—

36 stocks previously on the List have been
removed for substantially failing to meet the
requirements for continued listing.

—

56 stocks have been removed for reasons such as
listing on a national securities exchange or
involvement in an acquisition.

The list includes all over-the-counter securities
designated by the Board pursuant to its established criteria as
well as all stocks designated as National Market System (NMS)
securities for which transaction reports are required to be made
pursuant to an effective transaction reporting plan.

Additional

OTC securities may be designated as NMS securities in the interim
between the Board*s quarterly publications and will be
immediately marginable.

The next publication of the Board's list

is scheduled for February 1988.

In addition to NMS-designated securities, the Board
will continue to monitor the market activity of other OTC stocks
to determine which stocks meet the recruirements for inclusion and
continued inclusion on the List.
Margin regulations generally limit the amount of credit
a person or firm may obtain to buy or carry stock.

Stocks on the

List of Magrinable OTC Stocks are subject to the same margin
requirements

(currently 50 percent)

securities exchanges.

as stocks listed on national

This means a person or firm buying a stock

on credit must make a down payment equal to at least 50 percent
of the purchase price of the stock and may obtain credit for the
remaining 50 percent.

These margin requirements are only

applicable to credit extended on OTC Stocks after they are placed
on the List and the List has become effective or are designated
as NMS Securities.

No credit may be extended by broker-dealers

on OTC stocks not on the List or in the NMS group.

Credit

extended by banks and other lenders on OTC stocks not on the List
or in the NMS group need only conform to the good faith lending
limitation contained in Regulations G and U.
It is unlawful for any person to cause any
representation to be made that inclusion of a stock on this List
indicates that the Board or the Securities and Exchange
Commission has in any wav passed upon the merits of any such
stock or transaction therein.

Any references to the Board in

connection with the List or any stocks thereon in any
advertisement or similar communications is unlawful.

-o -

41962

Federal Register / Vol. 52, No. 211 / Monday, November 2, 1987 / Rules and Regulations

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
AGENCY: Board of Governors of the
Federal Reserve System.
ACTION: Final rule; determination of
applicability of regulations.
s u m m a r y : The List of Marginable OTC
Stocks is comprised of stocks traded
over-the-counter (OTC) 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 is published four
times a year by the Board as a guide for
lenders subject to the regulations and
the general public. This document sets
forth additions to or deletions from the
previously published List effective
August 11,1987 and will serve to give
notice to the public about the changed
status of certain stocks.
EFFECTIVE d a t e : November 10,1987.
FOR FURTHER INFORMATION CONTACT:

Peggy Wolffrum, Research Assistant,
Division of Banking Supervision and
Regulation, (202) 452-2781. For the
hearing impaired only, Eamestine Hill or
Dorothea Thompson,.
Telecommunications Device for the Deaf
(TDD), (202) 452-3544, Board of
Governors of the Federal Reserve
System, Washington, DC 20551.
SUPPLEMENTARY INFORMATION: Set forth
below are stocks representing additions
to or deletions from the Board’s List of
Marginable OTC Stocks. A copy of the
complete List incorporating these
additions and deletions is available

Federal Register / Vol. 52, No. 211 / Monday, November 2, 1987 / Rules and Regulations
from the Federal Reserve Banks. This
List supersedes the last complete List
which w as effective August 11,1987.
(Additions and deletions for that List
were published at 52 FR 28538, July 31,
1987). The current List includes those
stocks that meet the criteria specified by
the Board of Governors in Regulations
G. T, U and X (12 CFR Parts 207, 220, 221
and 224, respectively). 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 List also includes any stock
designated under an SEC rule as
qualified for trading in the national
market system (NMS Security).
Additional OTC stocks may be
designated as NMS securities in the
interim between the Board’s quarterly
publications. They will become
automatically marginable at brokerdealers upon the effective date of their
NMS designation. The names of these
stocks are available at the Board and
the Securities and Exchange
Commission and will be incorporated
into the Board’s next quarterly List.
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 List
specified in 12 CFR 207.6 (a) and (b),
220.17 (a) and (b), 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 this List as
soon as possible. The Board has
responded to a request by the public and
allowed a two-week delay before the
List is effective.

List of Subjects
12 CFR P art 207
Banks, Banking, Credit, Federal
Reserve System, Margin, Margin
requirements, National Market System
(NMS Security), Reporting and
recordkeeping requirements, Securities.
12 CFR Part 220
Banks, Banking, Brokers, Credit,
Federal Reserve System, Margin, Margin
requirements, Investments, National
Market System (NMS Security),

Reporting and recordkeeping
requirements, Securities.
12 CFR P art 221
Banks, Banking, Credit, Federal
Reserve System, Margin, Margin
requirements, National Market System
(NMS Security), Reporting and
recordkeeping requirements, Securities.
12 CFR P art 224
Banks, Banking, Borrowers, Credit,
Federal Reserve System, 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(c)
(Regulation G), 12 CFR 220.2(s) and
220.17(c) (Regulation T), and 12 CFR
221.2(j) and 221.7(c) (Regulation U),
there is set forth below a listing of
deletions from and additions to the
Board’s List:
Deletions From List
Stocks Removed for Failing Continued
Listing Requirements
A m erican Com munity D evelop m en t Group,
Inc.
$.01 par com m on
A m erican Trustee
$1.00 par com m on
Atcor, Inc.
$.10 par com m on
Banctexaa Group. Inc.
$1.00 par convertible preferred
Battle M ountain G old Com pany
C lass A, $.10 par com m on
Cochrane Furniture Company, Inc.
No par com m on
Com mercial Programming Unlim ited Inc.
C lass A, $.025 par com m on
Digital Products Corporation
$.01 par com m on
E lectronics. M issiles & Com m unications, Inc.
$.01— % par com m on
Flexible Com puter Corporation
$.001 par com m on
Gencorp Inc.
W arrants (expire 03-15-88)
Great A m erican R esources, Inc.
N o par com m on
Hetra Computer and Com m unications
Industries, Inc.
$.01 par com m on
H ills Stores C om pany
S eries B, $.01 par cum ulative exch an geab le
preferred
Information Solution, Inc.
$.001 par com m on
Itel Corporation
C lass B, Series B, $1.00 par convertible
preferred
Karcher, Carl Enterprises, Inc.
9V2% convertible subordinated debentures
Kyle T echnology Corporation
No par com m on
Lane Telecom m unications, Inc.
$.10 par com m on
Life Care Com m unities Corporation

41963

$.01 par com m on
M asco Industries, Inc.
D epository convertible exch an g ea b le
preferred shares
N C A Corporation
N o par com m on
N e w York City Shoes, Inc.
$.01 par com m on
N orth w est Natural G as Com pany
Series $2,375 no par convertible preferred
O il Securities, Inc.
$.05 par com m on
Perle System s Limited
N o par com m on
Polym eric R esources Corporation
N o par com m on
Pratt H otel Corporation
$.01 par com m on
Southbrook International T elev isio n
C om pany PLC
A m erican D ep ository R eceipts
Stereo Village, Inc.
$.01 par com m on
Sterling, Inc.
N o par com m on
Thermo A nalytical. Inc.
$.10 par com m on
Tipton Centers, Inc.
$.10 par com m on
T ops M arkets, Inc.
$.01 par com m on
ZZZZ Best Co., Inc.
$.01 par com m on, W arrants (expire 1 2 -1 5 89)

Stocks Removed for Listing on a National
Securities Exchange or Being Involved in an
Acquisition
A ll Am erican Gourmet Com pany
$.10 par com m on
Amre, Inc.
$.01 par com m on
A rgosystem s, Inc.
$.01 par com m on
Barrister Information S y stem s Corporation
$.24 par com m on
B ayou Resources, Inc.
$.01 par com m on
B est Buy Co., Inc.
$.10 par com m on
BPI System s, Inc.
$.01 par com m on
Bridge C om m unications, Inc.
N o par com m on
Calmar, Inc.
$.10 par com m on
Caremark, Inc.
$.01 par com m on
Carriage Industries, Inc.
$.02 par com m on
Clear Channel Com m unications, Inc.
$.10 par com m on
C levite Industries, Inc.
$.01 par com m on, W arrants (expire 0 6 -3 0 91)
CML Group, Inc.
$.10 par com m on
Com ptek R esearch Inc.
$.02 par com m on
Devry, Inc.
$.10 par com m on
Elder-Beerman Stores Corp., The
N o par com m on
Eldorado Bancorp (California)
N o par com m on

41964

Federal Register / Vol. 52, No. 211 / Monday, November 2, 1987 / Rules and Regulations

Environm ental Treatm ent & T ech nologies
Corp.
$.10 par com m on
First Federal S avings & Loan A sso cia tio n o f
Brooksville
$.01 par com m on
First Federal S avings Bank o f California
$1.00 par com m on
First S avings Bank o f Florida F.S.B.
$.01 par com m on
First U nited F inancial S ervices, Inc.
$2.00 par com m on
G eneral A utom ation, Inc.
$.10 par com m on
H om e Federal Bank o f Florida, F.S.B.
$.01 par com m on
Jones & Vining, Inc.
$.10 par com m on
La-Z-Boy Chair Com pany
$1.00 par com m on
Leiner, P. Nutritional Products Corporation
N o par com m on
M erchants Group, Inc.
$.01 par com m on
M etrobanc, Federal S avings Bank (Michigan]
$1.00 par com m on
M etrom ail Corporation
$.40 par com m on
M odulaire Industries
N o par com m on
M onolithic M em ories, Inc.
$.02 par com m on
N athan’s Fam ous, Inc.
$.10 par com m on
N etw ork Security Corporation
N o par com m on
N ortheast Savings, F.A.
$.01 par com m on, Series A , $2.25
cum ulative convertible preferred
Pan A m erican Mortgage Corp.
$1.00 par com m on
Porex T ech nologies Corp.
$.01 par com m on
Pre-Paid Legal Services, Inc.
$.01 par com m on
Rainer Bancorporation
$2.50 par com m on
Real Estate Investm ent Trust o f California
N o par sh ares o f b en eficial interest
Rent-A-Center, Inc.
$1.00 par com m on
S a n /B a n Corporation
N o par com m on
S ch olastic Inc.
$.25 par com m on
S eattle Trust & S avings Bank
$14.00 par com m on
S h a w ’s Supermarkets, Inc.
$1.00 par com m on
Southern H om e Savings Bank (Florida)
$1.00 par com m on
Spectradyne, Inc.
N o par com m on
Triangle M icrow ave, Inc.
N o par com m on
Trust A m erica Service Corporation
$.01 par com m on
T w o P esos, Inc.
$.01 par com m on
Union W arren S avings Bank
$1.00 par com m on
Vitramon, Inc.
$.10 par com m on
Zenith N ational Insurance Com pany
$1.00 par com m on

A dditions to List
ACM AT Corporation
C lass A, no par com m on
A d v an ced Polym er System s, Inc.
$.01 par com m on
Agouron Pharm aceuticals, Inc.
N o par com m on
A lb an y International Corp.
C lass A, $.001 par com m on
A llegh en y B everage Corporation
9 V % convertible subordinated debentures
2
A m erican City B u siness Journals, Inc.
$.01 par convertible ex ch a n g ea b le
preferred
A m erican Colloid Com pany
$1.00 par com m on
Am erican M obile S ystem s Incorporated
$.01 par com m on
A m erican P assage Marketing Corporation
$.01 par com m on
A m vestors Financial Corp.
Series A, $1.00 par convertible
exch a n g ea b le preferred
A nchor S avings & Loan A sso cia tio n (N ew
Jersey)
$1.00 par com m on
A n eco R einsurance Com pany Limited
$.40 par capital
A pplied Power, Inc.
C lass A, $.20 par com m on
Art’s-W ay Manufacturing Com pany
Incorporated
N o par com m on
A s te c Industries, Inc.
W arrants (expire 12-30-91)
A tek M etals Center, Inc.
N o par com m on
Autoinfo, Inc.
$.01 par com m on
Barrett R esources Corporation
$.001 par com m on
Beauty Labs, Inc.
$.01 par com m on
Beectram Group, PLC.
Am erican D epository R eceipts
Bethel Bancorp (Maine)
$1.00 par com m on
Brooklyn S avings Bank, the (Connecticut)
$1.00 par com m on
Businessland, Inc.
5Vfe% convertible subordinated debentures
C.I.S. T ech nologies, Inc.
N o par com m on
Cade Industries, Inc.
$.001 par com m on
W arrants (expire 9-24-88)
Calstar, Inc.
$.10 par com m on,
W arrants (expire 1990)
Cam brex Corporation
$.10 par com m on
Cambridge Instrument Com pany, PLC., the
Am erican D epository R eceipts
Castle Energy Corporation
$.05 par com m on
Catalyst Thermal Energy Corporation
$.10 par com m on
C elgene Corporation
$.01 par com m on
Centel Cable T elev isio n Com pany
C lass A, $.01 par com m on
C entex Telem anagem ent, Inc.
$.01 par com m on
C hase M edical Group, Inc.
$.01 par com m on
Chem fix Technologies, Inc.

W arrants (expire 12-15-88)
C h em e Enterprises Inc.
N o par com m on
City H olding Com pany
$2.50 par com m on
City R esources (Canada) Ltd.
N o par com m on
Cognos Incorporated
N o par com m on
C olorocs Corporation
$.05 par com m on
C om cast Corporation
516% convertible subordinated debentures
Com m unications & Cable, Inc.
$.05 par com m on
Com m unications Transm ission, Inc.
$.01 par com m on
Conm ed Corporation
$.01 par com m on
C onvex Computer Corporation
6% convertible subordinated debentures
Corporate Softw are Incorporated
$.01 par com m on
CPB, Inc.
$5.00 par com m on
Craft W orld International, Inc.
$.01 par com m on
Criticare System s, Inc.
$.04 par com m on
C rossland Savings, FSB (N ew York)
Series B, $12.75 cum ulative preferred
Crystal Oil Com pany
$.01 par com m on
$.01 par convertible preferred
D allas Sem iconductor Corporation
$.02 par com m on
D staline, Inc.
$.001 par com m on
Dataphaz, Inc.
$.001 par com m on
D iagnostek, Inc.
$.01 par com mon,
C lass B, warrants (expire 3-31-88)
Digitext, Inc.
$.01 par com m on
Dom ain Technology, Incorporated
$.01 par com m on
D yan sen Corporation
$.01 par com m on,
C lass A , warrants (expire 1988)
Earth T ech nology Corporation (USA), the
$.10 par com m on
E a stex Energy, Inc.
$.01 par com m on
Eliot S avings Bank (M assachusetts)
$.10 par com m on
Encor Energy Corporation
N o par com m on
English China C lays, PLC
A m erican D epository R eceipts
Entree Corporation
$.01 par com m on
Entronics Corporation
$.01 par com m on
Environm ental Pow er Corporation
$.01 par com m on
Equipment Com pany o f A m erica
$.10 par com m on
Everex S ystem s, Inc.
$.001 par com m on
Fastenal Com pany
$.01 par com m on
Filenet Corporation
$.01 par com m on
First A m erican Savings Bank, F.S.B. (Ohio)

Federal Register / Vol. 52, No. 211 / Monday, November 2, 1987 / Rules and Regulations
$1.00 par com m on
First Com mercial B ancshares, Inc. (Alabam a)
$10.00 par com m on
First E ssex Bancorp, Inc.

$.10 par common
First Federal Savings Bank of Charlotte
County (Florida)
$1.00 par com m on
First Federal Savings Bank o f Elizabethtow n
(Kentucky)
$1.00 par com m on
First o f A m erica Bank Corporation
(Michigan)
9% convertible preferred, $11.00 par value
Flextronics, Inc.
$.01 par com m on
Frances D en n ey Com panies, Inc., the
$.01 par com m on
G en-Probe Incorporated
$.01 par com m on
G en d ex Corporation
$1.00 par com m on
G oldtex, Inc.
$.10 par com m on
G reen castle Federal Savings Bank (Indiana)
$.01 par com m on
H arding A sso cia tes, Inc.
$.01 par com m on
H a rleysville S avings A sso cia tio n
(Pennsylvania)

$1.00 par common
Harold’s Stores, Inc.
$.01 par com m on
HHB S ystem s, Inc.
$.01 par com m on
Hi-Port Industries, Inc.
$.05 par com m on
Hilb, Royal and H am ilton Com pany
N o par com m on
H om e Federal Savin gs Bank (Xenia, Ohio)
$.01 par com m on
H om e O ffice R eference Laboratory, Inc.
$.01 par com m on
H ospital N ew sp a p ers Group, Inc.
$.001 par com m on
Hunter-Melnor, Inc.
$.01 par com m on
H-VI Incorporated
N o par com m on
Impact S ystem s, Inc.
$.001 par com m on
Ingles M arkets, Incorporated
C lass A, $.05 par com m on
Intel Corporation
W arrants (expire 08-15-88)

Interfederal Savings Bank (Tennessee)
$1.00 par com m on
International Telecharge, Inc.

$.01 par common
Isoetec Communications, Inc.
$.01 par com m on
Jason, Incorporated
$.10 par com m on
Jepson Corporation, the
$.01 par com m on
Jetbom e International, Inc.
$.01 par com m on
Johnson W orld w id e A sso cia tes, Inc.
C lass A, $.05 par com m on
Lake Shore Bancorp, Inc. (Illinois)
$10.00 par com m on
Lexington Group, Inc., the
$.01 par com m on
M cC aw Cellular Com m unications, Inc.
C la ss A, $.01 par com m on
M edical A ction Industries, Inc.

$.001 par com m on
M elam ine C hem icals, Inc.
$.01 par com m on
M iddleby Corporation, the
$.01 par com m on
M iners N ational Bancorp, Inc.
$5.00 par com m on
M orsem ere Financial Group, Inc.
$.10 par com m on
M oto Photo, Inc.
$.01 par com m on
M ulti-Color Corporation
N o par com m on
N e w Jersey S avings Bank
$2.00 par com m on
N ew m ark Illinois Corporation
$.01 par com m on
Norm andy O il & G as Com pany, Inc.
$.10 par com m on
Norton Enterprises, Inc.
$.01 par com m on
Oncor, Inc.
$.01 par com m on
O nondaga S avin gs Bank (N ew York)
$1.00 par com m on
P acific S ilver Corporation
$.25 par com m on
Paperboard Industries Corporation
N o par com m on
Parkvale S avin gs A sso cia tio n (Pennsylvania)
$1.00 par com m on
Penn Treaty A m erican Corporation
$.10 par com m on
P en n v iew Savin gs A sso cia tio n
(Pennsylvania)
$1.00 par com m on
Peters, J.M. Com pany, Inc.
$.10 par com m on
Petroleum D evelop m en t Corporation
$.01 par com m on
Photon T ech nology International
N o par com m on
Precision Target Marketing, Inc.
$.01 par com m on, W arrants (expire 2 - 2 3 -

88 )
Premier B ankshares Corporation (Virginia)
$2.00 par com m on
Price Pfister, Inc.
$.01 par com m on
Pronet, Inc.
$.01 par com m on
Q m ax T ech nology Group, Inc.
$.01 par com m on
Quartz M ountain G old Corporation
N o par com m on
Railroad Savin gs & Loan A sso cia tio n
(K ansas)
$1.00 par com m on
R ise T echnology, Inc.
$.01 par com m on
Rockingham Bancorp (N ew H am pshire)
$1.00 par com m on
R oyal B u siness Group, Inc.
$1.00 par com m on
Royalpar Industries, Inc.
W arrants (expire 1-20-92)
S .N .L F inancial Corporation
C lass A, $2.00 par com m on
Sag Harbor S avin gs Bank (N ew York)
$1.00 par com m on
Sage A n a ly tics In tern ational Inc.
$.001 par com m on
Scanform s, Inc.
$.01 par com m on
SDNB Financial Corp.
N o par com m on

41965

Seagate T echnology
6%% convertible subordinated debentures
Security F inancial Group, Inc.
$.10 par com m on
Skyline Chili, Inc.
N o par com m on
Softw are S ervices of Am erica, Inc.
$.01 par com m on
Spectram ed, Inc.
$.01 par com m on
Spiegel, Inc.
C lass A , non-voting. $1.00 par com m on
St. Ives Laboratories Corporation
$.01 par com m on
S teel o f W est Virginia, Inc.
$.01 par com m on
Structural D ynam ics R esearch Corporation
C lass A, $.0278 par com m on
Summ agraphics Corporation
$.01 par com m on
Sun M icrosystem s, Inc.
SV*% convertible subordinated debentures
Telem undo Group, Inc.
$.01 par com m on
T eradata Corporation
$.01 par com m on
T e x a s A m erican Energy Corporation
$2,575 cum ulative convertible
ex ch a n g ea b le preferred
T e x cel International Inc.
W arrants (expire 7-3-89)
TM Com m unications, Inc.
$.01 par com m on. W arrants (expire 1 2 -1 87)
Total A s se ts Protection
$.002 par com m on
Tucker H olding Company, Inc.
$.10 par com m on
U nited Building Services Corporation o f
D elaw are
$.01 par com m on
U nited N ew sp apers, PLC
A m erican D epository R eceipts
U nited S avings and Loan A ssocia tion (South
Carolina)
$1.00 par com m on
Valcom , Inc.
$.10 par com m on
V ikonics, Inc.
$.02 par com m on
V ipont Pharm aceutical, Inc.
W arrants (expire 6-25-89)
Virgin Group, PLC
A m erican D epository R eceipts
V ista Organization, Ltd., The
$.001 par com m on
W alshire A ssu ran ce Com pany
$.01 par com m on
W ard W hite Group, PLC.
A m erican D epository R eceipts
W heelabrator T echnologies, Inc.
$.01 par com m on
W olf F inancial Group, Inc.
$.01 par com m on
W orkingm ens Co-O perative Bank
(M assachusetts)
$.10 par com m on
Xscribe Corporation
N o par com m on
By order of the Board o f G overnors o f the
Federal R eserve System acting by its Director
o f the D ivision o f Banking Supervision and

41966

Federal Register / Vol. 52, No. 211 / Monday, November 2, 1987 / Rules and Regulations

R egulation pursuant to d elegated authority
(12 CFR 265.2(c)(18)), O ctober 26,1987.

William W. Wiles,

Secretary of the Board.
[FR Doc. 87-25253 Filed 10-30-87; 8:45 am]
BILLING CODE 6210-01-M

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