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Federal Reserve Bank
OF D A LL A S

ROBERT D. McTEER, JR.
DALLAS, TE XAS

P R E S ID E N T

75265-5906

AN D C H IE F E X E C U T I V E O F F I C E R

June 22, 1998

Notice 98-51

TO:

The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Marginable Over-the-Counter Stocks
and Foreign Margin Stocks
DETAILS

The Board of Governors of the Federal Reserve System has published a revised list of
over-the-counter (OTC) stocks that are subject to its margin regulations, effective May 11, 1998.
Also published is the list of foreign margin stocks for foreign equity securities that meet the
criteria in Regulation T. The foreign margin stocks listed are foreign equity securities eligible
for margin treatment at broker-dealers.
The Board publishes a complete listing of over-the-counter stocks and foreign margin
stocks four times a year, and the Federal Register announces additions to and deletions from the
list. The complete listing as of May 11, 1998, is available from the Public Affairs Department of
this Bank upon request.
Lenders subject to Regulation T and borrowers subject to Regulation X that are
required under section 224.3(a) to conform credit they obtain to Regulation T must use the OTC
list until publication of the next OTC list, anticipated in August 1998. An amendment to Regula­
tion T that will make all stocks trading in the Nasdaq Stock Market marginable at brokers and
dealers will be effective January 1, 1999. The Board will cease publication of the OTC list at
that time.
ATTACHMENT
A copy of the Federal Register announcement of revisions to the listing as shown on
pages 23195-200, Vol. 63, No. 81, dated April 28, 1998, is attached.

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012;
Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

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

-2-

MORE INFORMATION
For more information, please contact Eugene Coy at (214) 922-6201. For copies of
the complete list, contact the Public Affairs Department at (214) 922-5254.
Sincerely yours,

23195

Rules and Regulations

Federal Register
Vol. 63, No. 81
Tuesday, A pril 28, 1998

FEDERAL RESERVE SYSTEM
12CFR Parts 220 and 224
[Regulations T and X]

Securities Credit Transactions; List of
Marginable OTC Stocks; List of
Foreign Margin Stocks

Boaxd of Governors of the
Federal Reserve System.
ACTION: Final rule; determ ination of
applicability of regulations.
AGENCY:

The List of Marginable OTC
Stocks (OTC List) is com posed of stocks
traded over-the-counter (OTC) in the
United States that qualify as margin
securities u nder Regulation T, Credit by
Brokers and Dealers. The List of Foreign
Margin Stocks (Foreign List) is
com posed of foreign equity securities
that qualify as margin securities under
Regulation T. The OTC List and the
Foreign List are published four times a
year by the Board. This docum ent sets
forth additions to and deletions from the
previous OTC List and the previous
Foreign List.
EFFECTIVE DATE: May 11, 1998.
SUMMARY:

FOR FURTHER INFORMATION CONTACT:

States that qualify as OTC margin stock
under Regulation T (12 CFR Part 220) by
meeting the requirem ents of section
220.11(a). This determ ination also
affects the applicability of Regulation X
(12 CFR Part 224). These stocks have the
degree of national investor interest, the
depth and breadth of market, and the
availability of inform ation respecting
the stock and its issuer to w arrant
regulation in the same fashion as
exchange-traded securities. The OTC
List also includes any OTC stock
designated for trading in the national
market system (NMS security) under
rules approved by the Securities and
Exchange Commission (SEC).
A dditional OTC stocks may be
designated as NMS securities in the
interim betw een the Board’s quarterly
publications. They w ill become
autom atically m arginable u p o n the
effective date of their NMS designation.
The names of these stocks are available
at the SEC and at the National
A ssociation of Securities Dealers, Inc.
Pursuant to am endm ents recently
adopted by the Board (see, 63 FR 2805,
January 16, 1998), the definition of OTC
margin stock in § 220.2 and the
eligibility criteria for these stocks in
§ 220.11(a) and (b) will be rem oved from
Regulation T on January 1,1999, and
broker-dealers w ill be perm itted to
extend margin credit against all equity
securities listed in the Nasdaq Stock
Market. Lenders subject to Regulation T
and borrowers subject to Regulation X
w ho are required under § 224.3(a) to
conform credit they obtain to Regulation
T will use the OTC List until
publication of the next OTC List,
anticipated for August 1998. The Board
w ill cease publication of the OTC List
in 1999.
Also listed below are the deletions
from and additions to the Foreign List,
w hich was last published on January 27,
1998, (63 FR 3805), and became
effective February 9, 1998. The Foreign
List is used solely by lenders subject to
Regulation T. A copy of the complete
Foreign List is available from the
Federal Reserve Banks.

Peggy Wolffrum, Securities Regulation
Analyst, Division of Banking
Supervision and Regulation, (202) 452­
2837, Board of Governors of the Federal
Reserve System, W ashington, D.C.
20551. For the hearing im paired only,
contact Dorothea Thom pson,
Telecom m unications Device for the Deaf
(TDD) at (202) 452-3544.
SUPPLEMENTARY INFORMATION: Listed
below are the deletions from and
additions to the Board’s OTC List,
w hich was last published on January 27, Public Comment and Deferred Effective
1998 (63 FR 3805), and became effective Date
February 9,1998. A copy of the
The requirem ents of 5 U.S.C. 553 w ith
complete OTC List is available from the
respect to notice and public
Federal Reserve Banks.
participation w ere not followed in
The OTC List includes those stocks
connection w ith the issuance of this
traded over-the-counter in the U nited
am endm ent due to the objective

character of the criteria for inclusion
and continued inclusion on the Lists
specified in 12 CFR 207.6(a) and (b),
220.17(a), (b), (c) and (d), and 221.7(a)
and (b). No additional useful
inform ation w ould be gained by public
participation. The full requirem ents of 5
U.S.C. 553 w ith respect to deferred
effective date have n o t been followed in
connection w ith the issuance of this
am endm ent because the Board finds
that it is in the public interest to
facilitate investm ent and credit
decisions based in w hole or in part
upon the com position of these Lists as
soon as possible. The Board has
responded to a request by the public
and allow ed approxim ately a two-week
delay before the Lists are effective.

List of Subjects
12 CFR Part 220
Banks, Banking, Brokers, Credit,
Margin, Margin requirem ents,
Investments, National Market System
(NMS Security), Reporting and
recordkeeping requirem ents, Securities.
12 CFR Part 224
Banks, Banking, Borrowers, Credit,
Margin, Margin requirem ents, Reporting
and recordkeeping requirements,
Securities.
Accordingly, pursuant to the
authority of sections 7 and 23 of the
Securities Exchange Act of 1934, as
am ended (15 U.S.C. 78g and 78w), and
in accordance w ith 12 CFR 220.2 and
220.11, there is set forth below a listing
of deletions from and additions to the
OTC List and the Foreign List.
Deletions From The List Of Marginable OTC
Stocks

Stocks Removed For Failing Continued
Listing Requirements
4HEALTH, INC.
W arrants (expire 01-15-1998)
ACCUMED INTERNATIONAL, INC.
No par com mon
AEGIS CONSUMER FUNDING GROUP, THE
$.01 par common
AMERICAN UNITED GLOBAL, INC.
$.01 par com mon
W arrants (expire 07-31-1998)
AMTRUST CAPITAL CORPORATION
$.01 par com mon
APS HOLDING CORPORATION
Class A,
$.01 par com mon
ARNOLD PALMER GOLF COMPANY
$.50 par com mon
BANC ONE CORPORATION (Ohio)

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Federal Register/Vol. 63, No. 81/Tuesday, April 28, 1998/Rules and Regulations

Series C, no par convertible Preferred
BANKUNITED FINANCIAL CORPORATION
(Florida)
Series 1993, $.01 par non-cum ulative
convertible preferred
$.01 par non-cum ulative perpetual
preferred
BIRD CORPORATION
$1.00 par com mon
BOYDS WHEELS, INC.
No par com mon
CAM DESIGNS, INC.
W arrants (expire 07-24-2000)
CAMPO ELECTRONICS, APPLIANCES AND
COMPUTERS, INC.
$.10 par common
CHANTAL PHARMACEUTICAL
CORPORATION
$.01 par com mon
CITYSCAPE FINANCIAL CORPORATION
$.01 par com mon
COMPUTER LANGUAGE RESEARCH, INC.
$.01 par com mon
CONSOLIDATED STAINLESS, INC.
$.01 par common
CONSUMERS FINANCIAL CORPORATION
8.5% Series A, convertible preferred
COUNTRY STAR RESTAURANTS, INC.
$.001 par com mon
DAT AMARINE INTERNATIONAL, INC.
$.01 par common
DEFLECTA-SHIELD CORPORATION
$.01 par common
DESWELL INDUSTRIES, INC.
W arrants (expire 07-17-2000)
EQUITEX, INC.
$.001 par com mon
FIRST ENTERPRISE FINANCIAL GROUP,
INC.
$.01 par common
FIRST ROBINSON FINANCIAL
CORPORATION
$.01 par common
GENERAL ACCEPTANCE CORPORATION
No par com mon
HELISYS, INC.
$.001 par common
HEMASURE, INC.
$.01 par com mon
INTEL CORPORATION
W arrants (expire 03-14-1998)
KAMAN CORPORATION
Depositary Shares
KWG RESOURCES, INC.
No p ar com mon
MANHATTAN BAGEL COMPANY, INC.
No par common
MOLTEN METAL TECHNOLOGY, INC.
$.01 par common
NORTH COAST ENERGY, INC.
Series B, $.01 par cum ulative convertible
preferred
NORTHWEST TELEPRODUCTIONS, INC.
$.01 par com mon
OMNIS TECHNOLOGY CORPORATION
$.01 par com mon
PHOTRAN CORPORATION
No par com mon
PRECISION STANDARD, INC.
$.0001 par com mon
PROCEPT, INC.
$.01 par common
QUALITY DINO ENTERTAINMENT, LTD.
No par common
RELIANCE ACCEPTANCE GROUP, INC.
$.01 par common
RHEOMETRIC SCIENTIFIC, INC.

No par common
ROSE’S HOLDINGS, INC.
No par com mon
W arrants (expire 04-28-2002)
SI DIAMOND TECHNOLOGY, INC.
$.001 par com mon
TELEGEN CORPORATION
No par com mon
TLII LIQUIDATING CORPORATION
$.01 par com mon
UNIVERSAL HOSPITAL SERVICES, INC.
$.01 par com mon
UNIVERSAL SEISMIC ASSOCIATES, INC.
$.0001 par common
VDC CORPORATION, LTD.
$.10 par com mon
VIDEOLAN TECHNOLOGIES, INC.
$.01 par com mon

Stocks Removed for Listing on a National
Securities Exchange or Being Involved in an
Acquisition
AARON RENTS, INC.
$.50 par com mon
$1.00 par common
ADVANTAGE BANCORP, INC. (Wisconsin)
$.01 par com mon
ALLIED HOLDINGS, INC.
No par com mon
AMTI COMMUNICATIONS CORPORATION
$.20 par common
AMERICA FIRST PARTICIPATING/
PREFERRED EQUITY
MORTGAGE LP
Exchangeable units of lim ited partnership
AMERICAN GREETINGS CORPORATION
Class A, $1.00 par com mon
AMERICAN VANGUARD CORPORATION
$.10 par com mon
AMERUS LIFE HOLDINGS, INC.
Class A, no par common
ARBOR DRUGS, INC.
$.01 par com mon
ATC GROUP SERVICES, INC.
$.01 par com mon
Class C, w arrants (expire 04-30-1998)
AUTOBOND ACCEPTANCE CORPORATION
No par com m on
BALLY TOTAL FITNESS HOLDING
CORPORATION
$.01 par com mon
BALLY’S GRAND, INC.
$.01 par com mon
W arrants (expire 08-19-2000)
BGS SYSTEMS, INC.
$.10 par common
BLIMPIE INTERNATIONAL, INC.
$.01 par common
BROOKS FIBER PROPERTIES, INC.
$.01 par common
CANNON EXPRESS, INC.
$.01 par com mon
CHARTWELL LEISURE, INC.
$.01 par com mon
CHIPS AND TECHNOLOGIES, INC.
$.01 par com mon
CHITTENDEN CORPORATION
$1.00 par common
COMMNET CELLULAR, INC.
$.001 par common
COMMUNICATIONS CENTRAL, INC.
$.01 par com mon
COMPUSERVE CORPORATION
$.01 par common
CONTINENTAL CIRCUITS CORPORATION
$.01 par com mon
COTELLIGENT GROUP, INC.

$.01 par common
COVENANT BANCORP, INC.
$5.00 par com mon
CYPROS PHARMACEUTICAL
CORPORATION
No par com mon
DBA SYSTEMS, INC.
$.10 par com mon
EL CHICO RESTAURANTS, INC.
$.10 par common
EMERALD ISLE BANCORP, INC.
(Massachusetts)
$1.00 par common
FFVA FINANCIAL CORPORATION
$.10 par com mon
FIRST ALERT, INC.
$.01 par com mon
FIRST STATE CORPORATION
$1.00 par com mon
FIRST UNITED BANCORPORATION (South
Carolina)
$1.67 par com mon
FORT WAYNE NATIONAL CORPORATION
No par com mon
FULCRUM TECHNOLOGIES, INC.
No par com mon
GEORGE MASON BANKSHARES, INC.
(Virginia)
$1.66 par common
GRANTE FINANCIAL, INC.
$.001 par com mon
GREAT FINANCIAL CORPORATION
$.01 par com mon
GULF SOUTH MEDICAL SUPPLY, INC.
$.01 par common
HEARTSTREAM, INC.
$.001 par common
HECTOR COMMUNICATIONS
CORPORATION
$.01 par com mon
HOLMES PROTECTION GROUP, INC.
$.01 par com mon
HOMECORP, INC.
$.01 par common
HUGOTON ENERGY CORPORATION
No par com mon
ILC TECHNOLOGY, INC.
No par com mon
IMPACT SYSTEMS, INC.
No par common
INDIVIDUAL, INC.
$.01 par com mon
INTERNATIONAL PETROLEUM
CORPORATION
No par common
KAPSON SENIOR QUARTERS
CORPORATION
$.01 p ar com mon
KEY FLORIDA BANCORP, INC.
$.01 par common
LASER INDUSTRIES LIMITED
Ordinary shares
(par NIS 0.0001)
LEXFORD, INC.
No par com mon
LIFE BANCORP, INC. (Virginia)
$.01 par common
LIN TELEVISION CORPORATION
$.01 par com mon
MacDERMID, INCORPORATED
No par common
MAS TECHNOLOGY LIMITED

Federal Register/Vol. 63, No. 8 1 /Tuesday, April 28, 1998/Rules and Regulations
American Depositary Receipts
MID CONTINENT BANCSHARES, INC.
(Kansas)
$.10 par common
MIDWEST FEDERAL FINANCIAL
CORPORATION
$.01 par common
ML BANCORP, INC. (Pennsylvania)
$.01 par common
MOBILE GAS SERVICE CORPORATION
$2.50 par common
MOOVIES, INC.
$.001 par common
NETCOM ON-LINE COMMUNICATION
SERVICES, INC.
$.01 par common
NEW JERSEY STEEL CORPORATION
$.01 par com mon
NORWICH FINANCIAL CORP.
$1.00 par com mon
OMNI INSURANCE GROUP, INC.
$.01 par common
ONBANCORP, INC. (New York)
$1.00 par com mon
OREGON METALLURGICAL
CORPORATION
$1.00 par common
ORION NETWORK SYSTEMS, INC.
$.01 par com mon
PEMBRIDGE, INC.
No par common
PERPETUAL BANK, A FEDERAL SAVINGS
BANK (South Carolina)
$1.00 par com mon
PERSEPTIVE BIOSYSTEMS, INC.
$.01 par com mon
PLASTI-LINE, INC.
$.001 par com mon
PROXIMA CORPORATION
$.001 par com mon
PURETEC CORPORATION
$.01 par common
RAPTOR SYSTEMS, INC.
$1.00 par com mon
REDWOOD TRUST, INC.
$.01 par com mon
9.74% Class B,
$.01 par cum ulative convertible preferred
REEDS JEWELERS, INC.
$.10 par com mon
ROTTLUND COMPANY, INC., THE
$.01 par common
SAGEBRUSH, INC.
No par common
SANCO CORPORATION
$.01 par com mon
SHARED TECHNOLOGIES FAIRCHILD, INC.
$.001 par com mon
SHOREWOOD PACKAGING CORPORATION
$.01 par common
SIGNATURE BRANDS USA, INC.
$.01 par common
SOFTWARE ARTISTRY, INC.
No par common
SPINE-TECH, INC.
$.01 par com mon
SPINNAKER INDUSTRIES, INC.
No par com mon
Class A, no par common
STAGE STORES, INC.
$.01 par com mon
STATE OF THE ART, INC.

No par com mon
STECK-VAUGHN PUBLISHING
CORPORATION
$.01 par com mon
STOKELY USA, INC.
$.05 par com mon
SUBURBAN OSTOMY SUPPLY CO., INC.
No par com mon
SYMETRICS INDUSTRIES, INC.
$.25 par com mon
TECHNOLOGY MODELING ASSOCIATES,
INC.
No par common
TYSONS FINANCIAL CORPORATION
$5.00 par com mon
UNIVERSAL OUTDOOR HOLDINGS, INC.
$.01 par common
VIDEO SERVICES CORPORATION
$.01 par com m on
VISIGENIC SOFTWARE, INC.
$.001 par com mon
WAUSAU PAPER MILLS CORPORATION
$.50 par com mon
XPEDITE SYSTEMS, INC.
$.01 par com mon
Additions to the List of Marginable OTC
Stocks
ACSYS, INC.
No par com m on
ADVANCE FINANCIAL BANCORP.
$.10 par common
ALLERGAN SPECIALTY THERAPEUTICS,
INC.
Class A, $.01 par com mon
ALT AIR INTERNATIONAL, INC.
No par com mon
AMBASSADOR BANK OF THE
COMMONWEALTH
$4.00 par com mon
AMERICAN CHAMPION ENTERTAINMENT,
INC.
$.0001 par com mon
AMERICAN DENTAL PARTNERS, INC.
$.01 par com mon
AMERICAN SAFETY INSURANCE GROUP,
LTD.
$.01 par common
ANNAPOLIS NATIONAL BANCORP, INC.
$.01 par common
ANNUITY AND LIFE RE HOLDINGS, LTD.
$1.00 par com mon
ARTISAN COMPONENTS, INC.
$.001 par com mon
ASHA CORPORATION
$.0001 par com mon
ASSOCIATED MATERIALS
INCORPORATED
$.0025 par common
ASTROPOWER, INC.
$.01 par common
ATLANTIC GULF COMMUNITIES
CORPORATION
W arrants Series A, (expire 06-23-2004)
Warrants Series B, (expire 06-23-2004)
Warrants Series C, (expire 06-23-2004)
ATLANTIC PHARMACEUTICALS, INC.
$.001 par com mon
ATLANTIC REALTY TRUST
Shares of beneficial interest
AVIATION GROUP, INC.
$.01 par com mon
BANK RHODE ISLAND
$1.00 par com mon
BIG BUCK BREWERY & STEAKHOUSE, INC.

23197

$.01 par com mon
BIRNER DENTAL MANAGEMENT
SERVICES, INC.
No par com mon
BMJ MEDICAL MANAGEMENT, INC.
$.001 par common
BNC MORTGAGE, INC.
$.001 par common
BOLLE, INC.
$.01 par com mon
BROKLINE BANCORP, INC.
$.01 par com mon
C & F FINANCIAL CORPORATION
$1.00 par com mon
CAPITAL AUTOMOTIVE REIT
Shares of beneficial interest
CAREER EDUCATION CORPORATION
$.01 p ar com mon
CAVALRY BANCORP, INC.
No par com mon
CCA COMPANIES, INC.
$.001 par com mon
CENTURY BANCSHARES, INC.
$1.00 par common
COAST FEDERAL LITIGATION
CONTINGENT PAYMENT RIGHTS
TRUST
Contingent Paym ent Rights
COLONY BANKCORP, INC.
$10.00 par com mon
COLUMBIA FINANCIAL OF KENTUCKY,
INC.
No par com mon
COLUMBIA SPORTSWEAR COMPANY
No par com mon
COMMNET CELLULAR, INC.
$.001 par com mon
COMPASS INTERNATIONAL SERVICES
CORPORATION
$.01 par com mon
COMPLETE BUSINESS SOLUTIONS, INC.
No par com mon
CONDOR TECHNOLOGY SOLUTIONS, INC.
$.01 par common
COWLITZ BANCORPORATION
No par com mon
CULTURALACCESS WORLDWIDE, INC.
$.01 par com mon
CURAGEN CORPORATION
$.01 par com mon
CYTOCLONAL PHARMACEUTICS, INC.
$.01 p ar com mon
DECOMA INTERNATIONAL, INC.
Class A, com m on shares
DISPATCH MANAGEMENT SERVICES
CORPORATION
$.01 par com mon
DOCUCORP INTERNATIONAL, INC.
$.01 par common
DOUBLECLICK, INC.
$.001 par common
DRYPERS CORPORATION
$.001 par common
DURA AUTOMOTIVE SYSTEMS, INC.
Convertible Trust Preferred
E-NET, INC.
$.01 par com mon
EARTHSHELL CORPORATION
$.01 par com mon
EDAC TECHNOLOGIES CORPORATION
$.0025 par com mon
ELCOTEL, INC.

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Federal Register/Vol. 63, No. 8 1 /Tuesday, April 28, 1998/Rules and Regulations

Redeemable w arrants
ELDER-BEERMAN STORES CORPORATION,
THE
No par com mon
ENERGYSOUTH, INC.
$2.50 par com mon
ESQUIRE COMMUNICATIONS, LTD.
$.01 par common
EXODUS COMMUNICATIONS
$.001 par com mon
EXTENDED SYSTEMS INCORPORATED
$.001 par com mon
FIDELITY BANKSHARES, INC.
Trust preferred securities
FIRST CONSULTING GROUP, INC.
$.001 par com mon
FIRST SOUTH AFRICA CORPORATION
$.01 par com mon
FLAGSTAR BANCORP, INC.
Class A, preferred
FLORAFAX INTERNATIONAL, INC.
$.01 p ar com mon
FORSOFT, LTD.
O rdinary shares (ISL .001)
FRONTIER FINANCIAL CORPORATION
No par com mon
GASTON FEDERAL BANCORP, INC.
$1.00 par common
GB FOODS CORPORATION
$.08 par com mon
GENESIS MICROCHIP, INC.
No par com mon
GETTY IMAGES, INC.
$.01 par com mon
GLOBAL TELESYSTEMS GROUP, INC.
$.10 par com mon
GRAND COURT LIFESTYLES, INC.
$.01 par common
GST TELECOMMUNICATIONS, INC.
No par com mon
GULF WEST BANKS, INC.
No par com mon
HAWKER PACIFIC AEROSPACE
No par com mon
HEADLANDS MORTGAGE COMPANY
No par com mon
HENLEY HEALTHCARE, INC.
$.01 par common
HERBALIFE INTERNATIONAL, INC.
DECS Trust III
HERITAGE BANCORP, INC. (South Carolina)
$.01 par com mon
HOLLIS-EDEN PHARMACEUTICALS
$.01 par com mon
HOME LOAN FINANCIAL CORPORATION
No par com mon
HOPFED BANCORP, INC. (Kentucky)
$.01 par com mon
HORIZON MEDICAL PRODUCTS, INC.
$.001 par com mon
HORIZON OFFSHORE, INC.
$1.00 par com mon
ICON CMT CORPORATION
$.001 par common
INDEPENDENCE COMMUNITY BANK
CORPORATION
$.01 par com mon
INDIGO AVIATION AKIEBOLAG
A m erican D epositary Shares
INDUSTRIAL HOLDINGS, INC.

Series D, w arrants (expire 01-14-2000)
INFORMATION ANALYSIS
INCORPORATED
$.01 par com mon
INTERNATIONAL BANCSHARES
CORPORATION
$1.00 par com mon
INTERNATIONAL FIBERCOM, INC.
No par com mon
INVESTORS REAL ESTATE TRUST
No par shares of beneficial interest
ISOMET CORPORATION
$1.00 par common
ISS GROUP, INC.
$.001 par common
JAMESON INNS, INC.
Series A, preferred
JPS TEXTILE GROUP
$.01 par com mon
LADISH CO., INC.
$.01 par com mon
LEVEL 3 COMMUNICATIONS, INC.
$.01 par common
LJL BIOSYSTEMS, INC.
$.001 par common
LUNDIN OIL AB
Global Depositary Receipts (.50 SEK)
MARKET FINANCIAL CORPORATION
No par common
MERCURY COMPUTER SYSTEMS
$.01 p ar com mon
MICROMUSE, INC.
$.01 p ar com mon
MIDWEST BANC HOLDINGS, INC.
$.01 par common
MILLENIUM SPORTS MANAGEMENT, INC.
W arrants (expire 06-30-1998)
MILLER EXPLORATION COMPANY
$.01 par com mon
MTI TECHNOLOGY CORPORATION
$.001 par common
MULTIMEDIA GAMES, INC.
Class A w arrants (expire 11-12-2001)
NANOGEN, INC.
$.001 par common
NARA BANK NATIONAL ASSOCIATION
$3.00 par com mon
NATIONAL CITY BANCSHARES, INC.
(Indiana)
Cumulative Trust Preferred
NET.B@NK, INC.
$.01 par common
NORTH AMERICAN SCIENTIFIC, INC.
$.01 par com mon
NORTH VALLEY BANCORP
No par common
NORTHERN BANK OF COMMERCE
$1.00 par common
NORWOOD FINANCIAL CORPORATION
$.10 p ar com mon
NUTMEG FEDERAL SAVINGS & LOAN
ASSOCIATION
$.005 par com mon
NUTRACEUTICAL INTERNATIONAL
CORPORATION
$.01 par com mon
OMEGA WORLDWIDE, INC.
$.10 par common
ON STAGE ENTERTAINMENT, INC.
$.01 par common
ONLINE SYSTEM SERVICES, INC.
No par com mon
OPTELECOM, INC.
$.03 par common
PAULSON CAPITAL CORPORATION

No par com mon
PC CONNECTION, INC.
$.01 par com mon
PENN OCTANE CORPORATION
$.01 par com mon
PENNSYLVANIA MANUFACTURERS
CORPORATION
$5.00 par com mon
PITTSBURGH HOME FINANCIAL
CORPORATION
8.56% cum ulative tru st preferred
PIZZA INN, INC.
$.01 par com mon
PROVINCE HEALTHCARE COMPANY
$.01 par com mon
QUEEN SAND RESOURCES, INC.
$.0015 par common
REPUBLIC BANKING CORPORATION OF
FLORIDA
$.01 par com mon
RICHMOND COUNTY FINANCIAL
CORPORATION
$.01 par com mon
ROYAL OLYMPIC CRUISE LINES, INC.
$.01 par com mon
SECOND NATIONAL FINANCIAL
CORPORATION
$2.50 par com mon
SHIRE PHARMACEUTICALS GROUP, PLC
American Depositary Shares
SHOE PAVILION, INC.
$.001 par com mon
SI TECHNOLOGIES, INC.
$.01 par com mon
SMED INTERNATIONAL, INC.
No par com mon
SMITH CORONA CORPORATION
$.001 par com mon
SONOSIGHT, INC.
$.01 par com mon
SOUTH UMPQUA STATE BANK
$.833 par common
SOUTHBANC SHARES, INC.
$.01 par com mon
SPORTSMAN’S GUIDE, INC., THE
$.01 par common
STERLING FINANCIAL CORPORATION
(Pennsylvania)
$5.00 p ar com mon
STEVEN MYERS & ASSOCIATES, INC.
No par com mon
SUNPHARM CORPORATION
$.0001 par common
SURMODICS, INC.
$.05 par common
SYMPHONIX DEVICES, INC.
$.001 par common
TRANSGENE S.A.
Am erican Depositary Receipts
UNITED INVESTORS REALTY TRUST
No par com mon
UNIVERSAL DISPLAY CORPORATION
$.10 par com mon
USN COMMUNICATIONS, INC.
$.01 par com mon
VERISIGN, INC.
$.001 par com mon
VIAGRAFIX CORPORATION
$.01 par common
VISUAL NETWORKS, INC.
$.01 par common
VYSIS, INC.
$.001 par com mon
WEBSTER FINANCIAL CORPORATION
Series B, 8.625% cum ulative redeem able
preferred
WILLIAMS INDUSTRIES, INC.

Federal Register/Vol. 63, No. 8 1 /Tuesday, April 28, 1998/Rules and Regulations
$.01 par com mon
WILSHIRE REAL ESTATE INVESTMENT
TRUST, INC.
$.01 par common
Deletions From the Foreign Margin List
Australia
AAPC LIMITED
Ordinary shares, par A$0.50
ICI AUSTRALIA LIMITED
Ordinary shares, par A$1.00
Brazil
BRASMOTOR S.A.
No par preferred
COMPANHIA SIDERURGICA BELGO
MINEIR
No par common
COMPANHIA SIDERURGICA BELGO
MINEIR
No par non-voting, preferred
COMPANHIA SIDERURGICA TUBARAO
No par non-voting, Preferred B
COMPANHIA VIDRARIA SANTA MARINA
ON
No par com mon
LIGHT SERVICIOS DE ELECTRICIDADE S.A.
No par common
Canada
DOMINION TEXTILE INC.
No par common
NORCEN ENERGY RESOURCES LIMITED
No par Subordinate-voting
France
BERTRAND FAURE SA
Ordinary shares, par 5 French
CETELEM SA
Ordinary shares, par 45 French
COMPAGNIE BANCAIRE SA
Ordinary shares, par 100 French
Germany
ADIDAS AG
Bearer shares par DM 50
VICTORIA HOLDING AG
Registered Shares, par DM 50
Japan
AMADA METRECS CO., LTD.
¥ 50 par com mon
AOKI INTERNATIONAL CO., LTD
¥ 50 par common
ASAHI DIAMOND INDUSTRIAL CO., LTD.
¥ 50 par common
COSMO SECURITIES CO., LTD.
¥ 50 par common
DAHCHI CORP.
¥ 50 par com mon
DAIKEN CORP.
¥ 50 p ar com mon
GREEN CROSS CORPORATION
¥ 50 par common
HEIWADO CO., LTD.
¥ 50 par common
HOKKAIDO BANK, LTD.
¥ 50 par common
HOKKOKU BANK, LTD.
¥ 50 par common
IZUMI CO., LTD.
¥ 50 par com mon
KANKAKU SECURITIES CO., LTD.
¥ 50 par common
KAYABA INDUSTRY CO., LTD.
¥ 50 par common
KENWOOD CORP.

¥ 50 par com mon
KOA OIL CO., LTD.
¥ 50 par com mon
KYODO PRINTING CO., LTD.
¥ 50 par com mon
MARUETSU INC.
¥ 50 par common
MITSUBISHI CABLE INDUSTRIES, LTD.
¥ 50 par common
MITSUI REAL ESTATE SALES CO., LTD.
¥ 50 par com mon
NORITZ CORP.
¥ 50 par com mon
OKAMOTO INDUSTRIES, INC.
¥ 50 par common
OKASAN SECURITIES CO., LTD.
¥ 50 par common
RENGO CO., LTD.
¥ 50 par common
S X L CORP.
¥ 50 par com mon
SANKYO ALUMINIUM INDUSTRY CO.,
LTD.
¥ 50 par common
SHINMAYWA INDUSTRIES, LTD.
¥ 50 par common
SS PHARMACEUTICAL CO., LTD.
¥ 50 par com mon
TADANO, LTD.
¥ 50 par com mon
TOAGOSEI CO. LTD.
¥ 50 par com mon
TOKYOTOKEIBA CO., LTD.
¥ 20 par common
TOYO COMMUNICATION EQUIPMENT
CO.,
¥ 50 par com mon
TOYO ENGINEERING CORP.
¥ 50 par common
TOYO EXTERIOR CO., LTD.
¥ 50 par common
TOYOTA AUTO BODY CO., LTD.
¥ 50 par common
UNIDEN CORP.
¥ 50 par com mon
WAKO SECURITIES CO., LTD.
¥ 50 par com mon
Norway
STORLI ASA
B Ordinary Common, par 10 Norwegian
STORLI ASA
A Ordinary Common, par 10 Norwegian
South Africa
KLOOF GOLD MINING COMPANY LIMITED
O rdinary shares, par 0.25 South
Spain
SOCIEDAD ESPANOLA DE CARBUROS
Bearer shares, par 1000 pesetas
U nited Kingdom
ALLIED COLLOIDS GROUP PLC
Ordinary shares, par 10 p
BURTON GROUP PLC, THE
O rdinary shares, par 10 p
KWIK SAVE GROUP PLC
O rdinary shares, par 10 p
REUTERS HOLDINGS PLC
B Ordinary, par 2.5 p
T & N PLC
O rdinary shares, par L l
VENDOME LUXURY GROUP PLC
Ordinary shares, par 10 p

23199

Additions to the Foreign Margin List
A ustralia
ORICA LIMITED
Ordinary shares, par A$1.00
Brazil
COMPANHIA SIDERURGICA TUBARAO ON
B preferred shares
COMPANHIA SIDERURGICA TUBARAO PN
Preferred B shares
LIGHT SERVICIOS DE ELECTRICIDADE
No par common
Denmark
RATIN A/S
Series B, par 1 D anish krone
RATIN A/S
Series A, par 1 D anish krone
Germany
ADIDAS—SALOMON AG
Bearer shares, par DM 50
ERGO VERSICHERUMGS GRUPPE
Ordinary shares, par DM 5
Greece
ALPHA CREDIT BANK, S.A.
Common registered, par Greek
ALUMINIUM CO. OF GREECE, S.A.
Common registered, par US$27.50
ALUMINIUM CO. OF GREECE, S.A.
Preference, par Greek drachm as 700
ASPIS PRONIA GENERAL INSURANCES,
Common registered, par Greek
ATHENS MEDICAL CENTER, S.A.
Common registered, par Greek
ATTICA ENTERPRISES, S.A.
Common, par Greek drachm as 200
BANK OF PIRAEUS, S.A.
Common registered, par Greek
CHIPITA INTERNATIONAL, S.A.
Common bearer, par Greek drachmas
COMMERCIAL BANK OF GREECE
Common registered, par Greek
DELTA DAIRY, S.A.
Common, par Greek drachm as 200
DELTA DAIRY, S.A.
Preferrence, par Greek drachm as 200
ELAIS OLEAGINOUS PRODUCTION, S.A.
Common, par Greek drachm as 575
ELVAL ALUMINUM PROCESS CO., S.A.
Common bearer, par Greek drachmas
ERGO BANK, S.A.
Common registered, par Greek
ETHNIKI GENERAL INSURANCE CO., S.A.
Common registered, par Greek
GOODYS, S.A.
Common bearer, par Greek drachmas
HALKOR, S.A.
Common bearer, par Greek drachm as
HELLAS CAN-PACKAGING
MANUFACTURERS,
Common, par Greek drachm as 300
HELLENIC BOTTLING CO., S.A.
Common bearer, par Greek drachmas
HELLENIC SUGAR INDUSTRY, S.A.
Common bearer, par Greek drachmas
HELLENIC TELECOM ORGANIZATION, S.A.
Common registered, par Greek
HERACLES GENERAL CEMENT CO.
Common registered, par Greek
INTRACOM, S.A.
Preference registered, par Greek
INTRACOM, S.A.
Common registered, par Greek
INTRASOFT, S.A.

2 3200

Federal Register /Vol. 63, No. 8 1 /Tuesday, April 28, 1998/Rules and Regulations

Common registered, par Greek
IONIAN & POPULAR BANK OF GREECE,
Common registered, par Greek
MICHANIKI, S.A.
Common registered, par Greek
MICHANIKI, S.A.
Preference registered, par Greek
MYTILINEOS HOLDINGS, S.A.
Common bearer, par Greek drachm as
N.I.B.I.D. (NATIONAL INVESTMENT BANK
Common registered, par Greek
N.I.B.I.D. (NATIONAL INVESTMENT BANK
Preference registered, par Greek
NATIONAL BANK OF GREECE
Common registered, par Greek
NATIONAL MORTGAGE BANK, S.A.
Common registered, par Greek
PAPASTRATOS CIGARETTE CO., S.A.
Common, par Greek drachm as 200
SILVER & BARYTE ORES MINING CO.,
Common bearer, par Greek drachm as
TITAN CEMENT CO.
Preference registered, par Greek
TITAN CEMENT CO.
Common registered, par Greek
Italy
BANCA DI ROMA, SPA
Ordinary shares, par 500 lira
Mexico
GRUPO MODELO S.A.
Class C, no par common
TELEVISION AZTECA S.A. (CPO)
No par common
TUBOS DE ACERO MEXICO S.A.
No par common
Norway

ODFJELL ASA
B Ordinary shares, par 10 Norwegian
ODFJELL ASA
A Ordinary shares, par 10 Norwegian
Portugal
BANCO ESPINTO SANTO E COMERCIAL
DE
Registered, par ESC 1,000
BANCO MELLO, S.A.
Registered, parESCl.OOO
BANCO TOTTA & ACORES, S.A.
Registered, par ESC 1,000
BCP (BANCO COMERCIAL PORTUGUES)
Registered, par ESC 1,000
BPI-SGPS (BANCO PORTUGEUES DE)
Registered, par ESC 1,000
BRISA (AUTO-ESTRADAS DE PORTUGAL)
Registered, par ESC 1,000
CIMPOR (CIMENTOS DE PORTUGAL)
Registered, par ESC 1,000
COMPANHIA DE SEGUROS
TRANQUILIDADE
Registered, par ESC 1,000
CREDITO PREDIAL PORTUGUESE, S.A.
Registered, par ESC 1,000
EDP (ELECTRICIDADE DE PORTUGAL),
Registered, par ESC 1,000
INPARSA (Industrial Participacoes)
Ordinary, par ESC 1,000
JERONIMO MARTINS
(ESTABELECIMENTOS)
Ordinary, par ESC 1,000
PORTUCEI INDUSTRIAL, S.A.
Registered, par ESC 1,000
PORTUGAL TELECOM, S.A.
Registered, p ar ESC 1,000
SEMAPA, S.A.

O rdinary, par ESC 1,000
SONAE INDUSTRIA, S.A.
O rdinary, par ESC 1,000
SONAE INVESTIMENTOS (SOCIETE)
Ordinary, par ESC 1,000
TELECEL COMMUNICACOES PESSOAIS
Ordinary, par ESC 1,000
Singapore
INCHCAPE MOTORS, LTD.
Ordinary shares, par S$.50
South Africa
GOLD FIELDS, LIMITED
Ordinary shares, par .01 South
U nited Kingdom
DEBENHAMS PLC
Ordinary shares, par 10 p
REUTERS GROUP PLC
Ordinary shares, par 25 p
By order of the Board of Governors of the
Federal Reserve System, acting by its Director
of the D ivision of Banking Supervision and
Regulation p ursuant to delegated authority
(12 CFR 265.7(f)(10)), A pril 22, 1998.
William W. Wiles,

Secretary o f the Board.
[FR Doc. 98-11221 Filed 4 -27-98; 8:45 am]
BILLING CODE 6 210 -01 -P

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