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Federal Reserve bank
of

Dallas

ROBERT D. McTEER, JR.
DALLAS, TE XAS

PRESIDENT
AND CHIEF EXECUTIVE OFFICER

November 20, 199 8

752 6 5 -59 0 6

Notice 98-107
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
marginable over-the-counter (OTC) stocks. The OTC list, which is effective November 9, 1998,
is composed of stocks traded over-the-counter in the United States that qualify as margin securi­
ties under Regulation T, Credit by Brokers and Dealers. Also published is the list of foreign
margin stocks for foreign equity securities that qualify as margin securities under Regulation T.
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
lists. The Board will continue publishing the foreign list four times a year; however, the OTC
list will be discontinued after January 1, 1999.
ATTACHMENT
A copy of the Federal Register announcement of revisions to the listings as shown on
pages 57237-40, Vol. 63, No. 207, dated October 27, 1998, is attached.
MORE INFORMATION
For more information, please contact Eugene Coy at (214) 922-6201. For copies of
the complete listing, contact the Public Affairs Department at (214) 922-5254.
Sincerely yours,

r f f a f J9.
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)

■

Federal Register/Vol. 63, No. 207/Tuesday, October 27, 1998/Rules and Regulations

57237

national market system (NMS security)
under rules approved by the Securities
12CFR Parts 220 and 224
and Exchange Commission (SEC).
Additional OTC stocks may be
[Regulations T and X ]
designated as NMS securities before the
expiration of the OTC List on January 1,
Securities Credit Transactions; List of
1999. They will become automatically
Marginable OTC Stocks; List of
marginable upon the effective date of
Foreign Margin Stocks
their NMS designation. The names of
AGENCY: Board of Governors of the
these stocks are available at the SEC and
Federal Reserve System.
at the National Association of Securities
ACTION: Final rule; determination of
Dealers, Inc.
applicability of regulations.
Pursuant to amendments recently
adopted by the Board (see, 63 FR 2805,
SUMMARY: The List of Marginable OTC
January 16, 1998), the definition of OTC
Stocks (OTC List) is composed of stocks margin stock in section 220.2 and the
traded over-the-counter (OTC) in the
eligibility criteria for these stocks in
United States that qualify as margin
section 220.11(a) and (b) will be
securities under Regulation T, Credit by removed from Regulation T on January
Brokers and Dealers. The List of Foreign 1,1999, and broker-dealers will be
Margin Stocks (Foreign List) is
permitted to extend margin credit
composed of certain foreign equity
against all equity securities listed in the
securities that qualify as margin
Nasdaq Stock Market. This last edition
securities under Regulation T. The OTC of the OTC List will expire on January
List and the Foreign List have been
1, 1999.
published four times a year by the
Also listed below are the deletions
Board, and the Foreign List will
from the Foreign List, which was last
continue to be published four times a
published on July 27, 1998 (63 FR
year by the Board. The OTC List will be
40012), and became effective August 10,
discontinued after January 1,1999. This
1998. There are no additions to the
document sets forth additions to and
Foreign List. A copy of the complete
deletions from the previous OTC List
Foreign List is available from the
and deletions from the Foreign List.
Federal Reserve Banks.
EFFECTIVE DATE: November 9, 1998.
The Foreign List is composted of
FOR FURTHER INFORMATION CONTACT:
foreign equity securities that qualify as
Peggy Wolffrum, Securities Regulation
foreign margin stock under Regulation T
Analyst, Division of Banking
by meeting the requirements of section
Supervision and Regulation, (202) 452220.11(c) and (d). This determination
2837, Board of Governors of the Federal also affects the applicability of
Reserve System, Washington, D.C.
Regulation X. Additional foreign
20551. For the hearing impaired only,
securities qualify as margin securities if
contact Diane Jenkins,
they are deemed to have a “ready
Telecommunications Device for the Deaf market” under SEC Rule 15c3-l (17
(TDD) at (202) 452-3544.
CFR 240.15c3-l) or a “no-action”
SUPPLEMENTARY INFORMATION: Listed
position issued thereunder.
below are the deletions from and
Public Comment and Deferred Effective
additions to the Board’s OTC List,
Date
which was last published on July 27,
The requirements of 5 U.S.C. 553 with
1998 (63 FR 40012), and became
effective August 10,1998. A copy of the respect to notice and public
complete OTC List is available from the participation were not followed in
connection with the issuance of this
Federal Reserve Banks.
amendment due to the objective
The OTC List includes those stocks
character of the criteria for inclusion
traded over-the-counter in the United
and continued inclusion on the Lists
States that qualify as OTC margin stock
under Regulation T (12 CFR Part 220) by specified in § 220.11(a), (b), (c) and (d).
No additional useful information would
meeting the requirements of section
be gained by public participation. The
220.11(a) and (b). This determination
full requirements of 5 U.S.C. 553 with
also affects the applicability of
respect to deferred effective date have
Regulation X (12 CFR Part 224). These
not been followed in connection with
stocks have-the degree of national
the issuance of this amendment because
investor interest, the depth and breadth
the Board finds that it is in the public
of market, and the availability of
information respecting the stock and its interest to facilitate investment and
issuer to warrant regulation in the same credit decisions based in whole or in
part upon the composition of these Lists
fashion as exchange-traded securities.
as soon as possible. The Board has
The OTC List also includes any OTC
responded to a request by the public
stock designated for trading in the
FEDERAL RESERVE SYSTEM

57238

Federal Register/Vol. 63, No. 207/Tuesday, October 27, 1998/Rules and Regulations

and allowed approximately a two-week
delay before the Lists are effective.
List of Subjects
12 CFR P art 220

Banks, Banking, Brokers, Credit,
Margin, Margin requirements,
Investments, National Market System
(NMS Security), Reporting and
recordkeeping requirements, Securities.
12 CFR P a rt 224

Banks, Banking, Borrowers, Credit,
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 220.2 and
220.11, there is set forth below a listing
of deletions from and additions to the
OTC List and deletions from the Foreign
List.
Deletions From the List of Marginable
OTC Stocks
Stocks Removed for Failing Continued Listing
Requirements
ABC DISPENSING TECHNOLOGIES, INC.
$.01 par com mon
ACCOM, INC.
$.001 par com mon
AMEDISYS, INC.
$.001 par common
AMERICAN CLAIMS EVALUATION, INC.
$.01 pax com mon
APPLIANCE RECYCLING CENTERS OF
AMERICA, INC.
No par common
BONTEX, INC.
$.10 par com mon
BPI PACKAGING TECHNOLOGIES, INC.
$.01 par com mon
BROTHERS GOURMET COFFEES INC.
$.0001 par common
BUILDING ONE SERVICES CORPORATION
$.001 par com mon
CARVER CORPORATION
$.01 par com mon
CASMYN CORPORATION
$.04 par common
CATALYST SEMICONDUCTOR, INC.
No par common
COFFEE PEOPLE, INC.
No par common
CREATIVE BAKERIES, INC.
$.001 par com mon
CROWN BOOKS CORPORATION
$.01 par com mon
CSI COMPUTER SPECIALISTS, INC.
Class A, $.001 par common
CYCLO PSS CORPORATION
$.001 par com mon
DAKOTAH, INCORPORATED
$.01 par common
DSI TOYS, INC.
$.01 par com m on
DYNAGEN, INC.
$.01 par common
EASTWIND GROUP, INC.

$.10 par com mon
ELECTRO-SENSORS, INC.
$.10 par com mon
ELECTRONIC TELE-COMMUNICATIONS,
INC.
Class A, $.01 par com mon
ELECTROSCOPE, INC.
No par com m on
El,RON ELECTRONIC INDUSTRIES, LTD.
W arrants (expire 09-01-1998)
EQUUS GAMING COMPANY L.P.
Class A, units representing beneficial
ow nership
ERLY INDUSTRIES, INC.
$1.00 par com mon
EZCONYINTERAMERICA INC.
No par com mon
FIRST CITY FINANCIAL CORPORATION
$.01 par special B preferred
FLORIDA GAMING CORPORATION
$.10 par com mon
FPA MEDICAL MANAGEMENT, INC.
$.001 par com mon
GATEFIELD CORPORATION
$.10 par com mon
GLOBAL TELECOMMUNICATIONS
SOLUTIONS, INC.
$.01 par common
GOLDEN BEAR GOLF, INC.
Class A, $.01 par common
GRANDETEL TECHNOLOGIES, INC.
No par com mon
GRANITE BROADCASTING CORPORATION
$.01 par cum ulative convertible
exchangeable preferred
GREAT LAKES AVIATION, LTD.
$.01 par common
GT BICYCLES, INC.
$.001 par common
HARVEST RESTAURANT GROUP, INC.
$.01 par common
HAYES CORPORATION
$.01 par common
IATROS HEALTH NETWORK, INC.
$.001 par com mon
INSILCO HOLDING COMPANY
$.001 par com mon
JPE, INC.
No par common
LIFE MEDICAL SCIENCES, INC.
$.001 par common
NATIONAL HOME CENTERS, INC.
$.01 par com mon
NORLAND MEDICAL SYSTEMS, INC.
$.0005 par common
NVIEW CORPORATION
No par com mon
PACIFICARE HEALTH SYSTEMS, INC.
Series A, $1.00 par cum ulative convertible
preferred
PAGES, INC.
No par com m on
PCA INTERNATIONAL, INC.
$.20 par com mon
PERSONNEL MANAGEMENT INC.
No par common
PHOENIX GOLD INTERNATIONAL, INC.
No par common
PREMIS CORPORATION
$.01 par com mon
ROSS TECHNOLOGY, INC.
$.01 par com mon
RPM, INC.
Liquid yield option notes due 2012
SEER TECHNOLOGIES, INC.

$.01 par common
SEILER POLLUTION CONTROL SYSTEMS,
INC.
$.0001 par com mon
SHOWSCAN ENTERTAINMENT INC.
$.001 par com mon
SOFTQUAD INTERNATIONAL, INC.
No par com mon
SONICS & MATERIALS, INC.
W arrants (expire 02-27-2001)
SONICS & MATERIALS, INC.
$.03 par common
SOUTHWEST BANCORP, INC. (Oklahoma)
Series A, redeem able, cum ulative preferred
STEVEN MADDEN, LTD.
Class B, w arrants (expire 12-10-1998)
STUART ENTERTAINMENT INC.
$.01 par com mon
TCI PACIFIC COMMUNICATIONS, INC.
Class A, senior cum ulative exchangeable
preferred
TELEPANEL SYSTEMS INC.
No par com mon
THINKING TOOLS, INC.
$.001 par com mon
TRAMFORD INTERNATIONAL, LTD.
$.01 par com mon
TRICORD SYSTEMS, INC.
$.01 par common
UROMED CORPORATION
No par common
VERSATILITY INC.
$.01 par com mon
VOXEL
No par common
WASHINGTON MUTUAL, INC.
Series E, no par non-cum ulative perpetual
preferred
WEST COAST ENTERTAINMENT
CORPORATION
$.01 par common
WOODROAST SYSTEMS, INC.
$.005 par com mon

Stocks Removed for Listing on a National
Securities Exchange or Being Involved in an
Acquisition
AFFILIATED COMMUNITY BANCORP
$.01 par com mon
ALLIED LIFE FINANCIAL CORPORATION
No par com mon
AMBANC CORPORATION
$10.00 par com mon
AMBASSADOR BANK OF THE
COMMONWEALTH
$4.00 par common
AMCOL INTERNATIONAL CORPORATION
$1.00 par common
AMERICAN MATERIALS & TECHNOLOGIES
CORP.
$.01 par com mon
ARAKIS ENERGY CORPORATION
No par com mon
ARCH PETROLEUM, INC.
$.01 par common
ATL PRODUCTS, INC.
Class A, $.0001 par com mon
ATL ULTRASOUND, INC.
$.01 par common
ATRIA COMMUNITIES, INC.
$.10 par common
AWARD SOFTWARE INTERNATIONAL,
INC.
No par com mon
BACON USA, INC.
$.01 par common
BELL SPORTS CORP.

Federal Register/Vol. 63, No. 207/Tuesday, October 27, 1998/Rules and Regulations
$.01 p ar com mon
BENCHMARQ MICROELECTRONICS, INC.
$.001 par com mon
BERTUCCI’S INC.
$.005 par com mon
BIOMATRIX, INC.
$.0001 par common
BRODERBUND SOFTWARE, INC.
$.01 par common
BUTTREY FOOD AND DRUG STORES
COMPANY
$.01 par common
CARNEGIE BANCORP (New Jersey)
No par com mon
CEANIC CORPORATION
No par common
CLAREMONT TECHNOLOGY GROUP, INC.
No par com mon
COHERENT COMMUNICATIONS SYSTEMS
CORPORATION
$.01 par common
COMMUNITY FINANCIAL HOLDING
CORPORATION
$5.00 par common
CORPORATEFAMILY SOLUTIONS, INC.
No par common
CYBERMEDIA, INC.
$.01 par com mon
DAWSON PRODUCTION SERVICES, INC.
$.01 par com mon
DECRANE AIRCRAFT HOLDINGS, INC.
$.01 par com mon
DEEPTECH INTERNATIONAL INC.
$.01 par com mon
DIME FINANCIAL CORP.
$1.00 par com mon
DR. SOLOMON’S GROUP, PLC
A m erican Depositary Receipts
DSC COMMUNICATIONS CORP.
$.01 par com mon
ESSEX COUNTY GAS COMPANY
$2.50 par com mon
FED ONE BANCORP, INC.
$.10 par com mon
FIRST COLORADO BANCORP, INC.
$1.00 par common
FIRST COMMERCIAL CORPORATION
$3.00 par com mon
FIRST HOME BANCORP, INC. (New Jersey)
$1.00 par common
FTP SOFTWARE INC.
$.01 par common
GARTNER GROUP, INC.
Class A, $.001 par com mon
GNI GROUP, INC.
$.01 par common
GOODMARK FOODS, INC.
$.01 par common
GROUP I SOFTWARE, INC.
$.01 par com mon
HAVERTY FURNITURE COMPANIES, INC.
$1.00 par com mon
Class A, $1.00 par common
HEARST-ARGYLE TELEVISION, INC.
Class A, $.01 par common
HFNC FINANCIAL CORPORATION
$.01 par common
HYPERION SOFTWARE CORPORATION
$.01 par common
IBS FINANCIAL CORPORATION
$.01 par common
INCONTROL, INC.
$.01 par com mon
INNOSERVE TECHNOLOGIES, INC.
$.01 par com mon
INNOVA CORPORATION

No par com mon
INNOVATIVE TECH SYSTEMS, INC.
$.001 par com mon
INTERSOLV, INC.
$.01 par common
IQ SOFTWARE CORPORATION
$.00033 par common
IWL COMMUNICATIONS INCORPORATED
$.01 par common
KATZ DIGITAL TECHNOLOGIES, INC.
$.001 par com mon
LIBERTY TECHNOLOGIES, INC.
$.01 par common
LONG ISLAND BANCORP, INC. (New York)
$.01 par com mon
LUKENS MEDICAL CORPORATION
Class A, $.01 par com mon
MARINE DRILLING CO.
$.01 par com mon
MARINER HEALTH GROUP, INC.
$.01 par common
MARYLAND FEDERAL BANCORP, INC.
$.01 par common
MAY & SPEH, INC.
$.01 par common
MCI COMMUNICATIONS CORPORATION
$.10 par com mon
MEDCATH INCORPORATED
$.01 p ar com mon
MEDICIS PHARMACEUTICAL
CORPORATION
Class A, $.001 par com mon
MICROPROSE, INC.
$.001 par common
MID-AM, INC. (Ohio)
$5.00 par common
MOLECULAR DYNAMICS, INC.
$.01 par com mon
MOUNTBATTEN, INC.
$.001 par com mon
NATIONAL SURGERY CENTERS, INC.
$.01 par common
NCI BUILDING SYSTEMS, INC.
$.01 par common
NETVANTAGE, INC.
Class A, $.001 par common
NEUREX CORPORATION
$.01 par common
NIMBUS CD INTERNATIONAL, INC.
$.01 par com mon
PENEDERM INC.
No par common
PENN-AMERICA GROUP, INC.
$.01 p ar com mon
PETE’S BREWING COMPANY
No par common
PETROCORP INCORPORATED
$.01 par com mon
PHYSIO-CONTROL INTERNATIONAL
CORPORATION
$.01 par com mon
PLENUM PUBLISHING CORPORATION
$.10 par com mon
PMT SERVICES, INC.
$.01 par com mon
POLLO TROPICAL, INC.
$.01 par common
POSITRON FIBER SYSTEMS
CORPORATION
No par common
PROGRESSIVE BANK, INC. (New York)
$1.00 par common
PST VANS, INC.

57239

$.001 par com mon
REGENT BANCSHARES CORP.
(Pennsylvania)
$.10 par com mon
RENT-WAY, INC.
No par common
REPUBLIC ENGINEERED STEELS, INC.
$.01 par com mon
RESOURCE BANKSHARES CORPORATION
(California)
$3.00 par common
SLH CORPORATION
$.01 par com mon
SOMERSET SAVINGS BANK
(Massachusetts)
$1.00 par common
SUMITOMO BANK OF CALIFORNIA, THE
$5.00 par common
SUMMIT HOLDING SOUTHEAST, INC.
$.01 par com mon
TAPP AN ZEE FINANCIAL, INC.
$.01 par common
TELEMUNDO GROUP, INC.
W arrants (expire 12-29-1999)
Series A, $.01 par com mon
TELEPORT COMMUNICATIONS GROUP,
INC.
Class A, $.01 par com mon
THERAGENICS CORPORATION
$.01 par com mon
TIMBER LODGE STEAKHOUSE, INC.
$1.00 par com mon
TRANS FINANCIAL INC.
No par com mon
TRIANGLE PACIFIC CORPORATION
$.01 par com mon
TRIO-TECH INTERNATIONAL
No par com mon
UNITED DENTAL CARE, INC.
$.10 par com mon
UNITED FEDERAL SAVINGS BANK (North
Carolina)
$.01 par com mon
UNIVERSAL INTERNATIONAL, INC.
$.05 par common
UPPER PENINSULA ENERGY
CORPORATION
No par com mon
US SERVIS, INC.
$.01 par common
VIKING OFFICE PRODUCTS, INC.
No par com mon
VIRUS RESEARCH INSTITUTE, INC.
$.01 par common
WANDEL & GOLTERMANN
TECHNOLOGIES INC.
$.01 par common
XCELLENET, INC.
$.01 par common
ZAG INDUSTRIES LIMITED
Ordinary shares (NIS .01)
Additions to The List o f Marginable OTC
Stocks
24/7 MEDIA, INC.
$.01 par common
ACTUATE SOFTWARE CORPORATION
$.001 par com mon
ADMIRALTY BANCORP, INC.
Class B, com m on stock
ADVANCED AERODYNAMICS &
STRUCTURES, INC.
Units
ADVANCED TECHNICAL PRODUCTS, INC.
$.25 par com mon
AMERICAN PACIFIC BANCORP

57240

Federal Register/Vol. 63, No. 207/Tuesday, October 27, 1998/Rules and Regulations

Class B, com m on stock
ARISTOTLE CORPORATION, THE
$.001 par comon
ATLANTIC GULF COMMUNITIES
CORPORATION
Series B, 20% preferred stock
BANKFIRST CORPORATION
$2.50 par com mon
BINDVIEW DEVELOPMENT CORPORATION
No par common
BIPER S.A. DE C.V.
A m erican Depositary Shares
BROADCAST.COM, INC.
$.01 par com mon
BWC FINANCIAL CORPORATION
No par common
CAPROCK COMMUNICATIONS
CORPORATION
$.01 par common
CARRIER ACCESS CORPORATION
$.001 par com mon
CBES BANCORP, INC.
$.01 par com mon
CD WAREHOUSE, INC.
$.01 par com mon
CFS BANCORP, INC.
$.01 par common
CLARK/BARDES HOLDINGS, INC.
$.01 par common
CNY FINANCIAL CORPORATION
$.01 par common
COHESION TECHNOLOGIES, INC.
$.001 par com mon
COMMONWEALTH TELEPHONE
ENTERPRISES, INC.
Rights (expire 10-23-1998)
CORECOMM LIMITED
$.01 par common
COST-U-LESS, INC.
$.001 par common
CREDITRUST CORPORATION
$13.00 par com mon
CROWN CASTLE INTERNATIONAL
CORPORATION
$.01 par com mon
CRUSADER HOLDING CORPORATION
$.01 par com mon
CYBERIAN OUTPOST, INC.
$.01 par common
DEARBORN BANCORP, INC.
No par com mon
DECORA INDUSTRIES, INC.
$.01 par common
DELPHI INTERNATIONAL, LTD.
$.01 p ar com mon
DIGITAL RIVER, INC.
$.01 p ar com mon
DSET CORPORATION
No par common
EBAY INC.
$.001 par common
ECHELON CORPORATION
$.01 par com mon
ECLIPSYS CORPORATION
$.01 par com mon
ELECTRONICS BOUTIQUE HOLDINGS
CORPORATION
$.01 par common
ENTRUST TECHNOLOGIES, INC.
$.01 par common
EUFAULA BANCCORP, INC.
$1.00 par com mon
EXCO RESOURCES, INC.
$.01 par common
FCNB CAPITAL TRUST
No p ar trust preferred
FIRST BUSEY CORPORATION

Class A, no par common
FLORIDA BANKS, INC.
$.01 par common
FUNDTECH, LTD.
O rdinary shares
GEOCITIES
$.001 par common
GIGA INFORMATION GROUP, INC.
$.001 par com mon
GLOBAL CROSSING, LTD.
9 -5
/s% senior notes due 2008
GOLDEN STATE VINTNERS, INC.
Class B, $.01 p ar com mon
GRAND UNION COMPANY, THE
$.01 par common
HERITAGE COMMERCE CORPORATION
No par com mon
HOMETOWN AUTO RETAILERS, INC.
Class A, $.001 par common
ICO GLOBAL COMMUNICATIONS
(HOLDINGS) LIMITED
$.01 par com mon
IDG BOOKS WORLDWIDE, INC.
$.001 par com mon
INDEPENDENT ENERGY HOLDINGS PLC
American Depositary Shares (NIS 1)
INTERACTIVE MAGIC, INC.
$.10 par common
INTERCORP EXCELLE, INC.
No par common
INTERVEST BANCSHARES CORPORATION
Class A, com m on shares
IXOS SOFTWARE AKTIENGESELLSCHAFT
A m erican Depositary Shares
JEWETT-CAMERON TRADING COMPANY,
LTD.
No par com mon
KASPER A.S.L., LTD.
$.01 par com mon
LANDAIR CORPORATION
$.01 p ar com mon
LEAP WIRELESS INTERNATIONAL, INC.
$.0001 par com mon
MAXTOR CORPORATION
$.01 par com mon
MDC COMMUNICATIONS CORPORATION
Class A, subordinate voting shares
MERRILL MERCHANTS BANCSHARES,
INC.
$1.00 par com mon
NATROL, INC.
$.01 par common
NORTHEAST OPTIC NETWORK, INC.
$.01 par com mon
PATHFINDER BANCORP, INC.
$.10 par com mon
PENWEST PHARMACEUTICALS COMPANY
$.001 par common
PILOT NETWORK SERVICES, INC.
$.001 par common
PRICE ENTERPRISES, INC.
Class A, $.0001 par preferred
PSB BANCORP, INC.
$.01 par com mon
R & G FINANCIAL CORPORATION
Series A, 7.40% noncum ulative m onthly
income preferred stock
RAILWORKS CORPORATION
$.01 par common
REPUBLIC BANCORP, INC.
Class A, no par common
SEQUENT COMPUTER SYSTEMS, INC.
$.01 par common
SIEBERT FINANCIAL CORPORATION
$.01 par common
SMED INTERNATIONAL, INC.

No par com mon
SOFTWORKS, INC.
$.001 par common
SOUND FEDERAL BANCROP
$.10 par com mon
SUNRISE TECHNOLOGIES
INTERNATIONAL, INC.
$.001 par com mon
SYNTROLEUM CORPORATION
$.01 par common
TARAGON REALTY INVESTORS, INC.
$.01 par com mon
TELEBANC FINANCIAL CORPORATION
$.01 par com mon
Series A, 9% beneficial unsecured
securities
TERAYON COMMUNICATION SYSTEMS
$.001 par common
THISTLE GROUP HOLDINGS
$.01 par com mon
TOWNE SERVICES, INC.
No par common
TWEETER HOME ENTERTAINMENT
GROUP, INC.
No par common
UNITY BANCORP, INC.
No par com mon
WEST ESSEX BANCORP, INC.
$.01 par common
WINTRUST FINANCIAL CORPORATION
Cumulative trust preferred
WRP CORPORATION
$.01 par com mon
Deletions from the Foreign Margin Stock List

Tokyo
FURUKAWA CO., LTD.
¥ 50 par com mon
MEIDENSHA CORPORATION
¥ 50 par common
NOF CORPORATION
¥ 50 par common
By order of th e Board of Governors of the
Federal Reserve System, acting by its Director
of the Division of Banking Supervision and
Regulation p ursuant to delegated authority
(12 CFR 265.7(f)(10)), October 21,1998.
Jennifer J. Johnson,

Secretary o f the Board.
[FR Doc. 98-28657 Filed 10-26-98; 8:45 am]
BILLING CODE 6210-01-P

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