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F ederal R e se r v e B ank
OF DALLAS
W IL L IA M

H. W ALLACE

FIRST VIC E PR ES ID ENT

November 2 , 1989

d a lla s , te x a s

75222

AND CH IE F O PER ATING O FFIC ER

C i r c u l a r 89-68

To:

The Chief Executive O f fi c e r of all
member banks and o th ers concerned in
the Eleventh Federal Reserve D i s t r i c t
SUBJECT
OTC Margin L i s t , e f f e c t i v e November 13, 1989
DETAILS

The Federal Reserve Board has published a r ev ised l i s t of o v er-th ecounter (OTC) stocks t h a t are su b je c t to i t s margin r e g u l a t i o n s , e f f e c t i v e on
November 13, 1989.
This L is t i s published by the Board f o r the information of lenders
and the general p u b lic . I t includes a l l o v e r-th e - c o u n te r s e c u r i t i e s designated
by the Board pursuant to i t s e s t a b l i s h e d c r i t e r i a as well as a l l stocks
designated as N S s e c u r i t i e s f o r which t r a n s a c t i o n r e p o r t s are req u ired to be
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made pursuant to an e f f e c t i v e t r a n s a c t i o n r e p o r t plan. Additional OTC s e c u r i t i e s
may be designated as N S s e c u r i t i e s in the in terim between the Board’ s q u a r t e r l y
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p u b l i c a t i o n s and will be immediately marginable. The next p u b l i c a t i o n of the
Board’ s l i s t i s schedule f o r January, 1990. These margin requirements are only
ap p lic a b le t o c r e d i t extended on OTC stocks a f t e r they are placed on the L is t and
the L is t has become e f f e c t i v e or are designated as N S s e c u r i t i e s . No c r e d i t may
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be extended by b r o k e r- d e a le r s on OTC stocks not on the L is t or in the N S group.
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C redit extended by banks and o th e r lenders on OTC stocks not on the L is t or in
the N S group need only conform to the good f a i t h lending l i m i t a t i o n contained in
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Regulations G and U.
Copies of t h i s L is t are a v a i l a b l e by c o n tactin g the Public A f fa i r s
Department a t (214) 651-6266.
M RE INFORMATION
O
For more information, please co n tac t Jane Anne Schmoker a t
(214) 651-6228. For a d d itio nal copies of t h i s c i r c u l a r , please c o n tact the
Public A f f a i r s Department a t (214) 651-6289.
S inc erely ,

For a dditional copies of any circular please c ontact the Public A ffairs D epartm ent at (214) 6 51 -6 2 8 9 . Banks and others are
encouraged to use the follow ing incom ing W A TS numbers in contacting this Bank (800) 4 4 2 -7 1 4 0 (intrastate) and (800)
5 2 7 -9 2 0 0 (interstate).

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


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