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F ederal Reserve Bank

DALLAS, TEXAS

of

Dallas

75222

Circular No. 69-232
September 9 1969

j

CHANGES IN LIST OF OTC MARGIN STOCKS

To All Banks, Brokers/Dealers,
Nonbank Lenders and Others Concerned
in the Eleventh Federal Reserve District:
The following changes, effective September b , 1 9 6 9 * should be
made in the official LIST OF OTC MARGIN STOCKS, dated July 8, 1 9 6 9 , which
was enclosed and distributed with our Circular No. 6 9 -1 6 7 dated July J ,
1 9 6 9 * Also enclosed is the text of the Board's press release dated Sep­
tember b , 1 9 6 9 * announcing the changes in the LIST OF OTC MARGIN STOCKS.
Additions
Friendly Ice Cream Corporation
$1 .00 par common
Tassette, Inc.
Class A common
Name Changes and Corrections
From

To

Continental Computer
Associates, Inc.
no par common

Banister Continental
Corporation
no par common

Crocker-Citizens National
Bank
capital

Crocker-National Corporation
capital

Dayton Corporation
$1 .00 par common

Dayton-Hudson Corporation
$1.00 par common

Girard Company
$1 .00 par common

The Girard Company
$1 .00 par common

Philadelphia Suburban Water
Company
$3*75 par common

Philadelphia Suburban Corp.
$1 .00 par common

Provident National Bank
$12.00 par capital

Provident National Corporation
$1 .00 par capital

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

2

Deletions
D P A, Inc.
$1 .0 0 par common
Lincoln National Corporation
$2 . 5 0 par common
University Computing Company
no par common
Yours very truly,
P. E. Coldwell
President
Enclosure (l)

F E D E R A L
p r e s s

R E S E R V E

release

f^ALRt^*'
September 4, 1969

For immediate release.

The Board of Governors of the Federal Reserve System today
announced several changes in its "List of OTC Margin Stocks" first pub­
lished on July

8,

1969.

TV/o stocks--Friendly Ice Cream Corporation, $1.00 par common, and
Tassette, Inc., Class A common--are added to the list and will be subject to
the same 80 per cent margin requirements as other over-the-counter stocks
that previously became subject to margin regulations.

Margin requirements

on the newly added stocks will apply only to loans made on and after
September 4, 1969.
Three stocks are deleted by virtue of listing on a national securi­
ties exchange.

They are D.P.A., Inc., $1.00 par common, Lincoln National

Corporation, $2.50 par common, and University Computing Company, no par
common.

Securities listed on national exchanges are subject to margin regu-

quirements.
Six other changes have been made to bring the OTC list up to date:
Continental Computer Associates,

Inc., no par common, becomes Banister

Continental Corporation, no par common; Crocker-Citizens National Bank,
capital, has been changed to Crocker-National Corporation, capital; Dayton
Corporation, $1.00 par common, becomes Dayton-Hudson Corporation, $1.00 par
common; Girard Company, $1.00 par common, is corrected to read The Girard
Company, $1.00 par common; Philadelphia Suburban Water Company, $3.75 par
common, is changed to Philadelphia Suburban Corp., $1.00 par common; and
Provident National Bank, $12.00 par capital, becomes Provident National
Corporation, $1.00 par capital.
Previous changes in the July

8

list were announced on July 30.

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