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F ederal Reserve

bank of

DALLAS, TEXAS

Da lla s

75222
Circular No. 71-158
July 12, 1971

REVISED LIST OF OTC MARGIN STOCKS

To All Banks, Regulation G Registrants and
Others Concerned in the Eleventh Federal
Reserve District:
The Board of Governors of the Federal Reserve System
has issued, effective July 12, 1971* a revised List of OTC
Margin Stocks, pursuant to the provisions of Regulations G, T,
and U.
The list is published from time to time by the Board
as a guide for lenders subject to those regulations and for the
general public. Stocks will be added to the list, or deleted
in the interim between publication as deemed appropriate by the
Board.
The revised list contains b^G issues which are divided
into three sections —
corporate, bank, and insurance stocks.
Twenty-two companies have been removed from the list and seven
name changes have taken place.
A copy of the revised list is enclosed. All such
lists and changes dated prior to July 12, 1971> should be
destroyed.
Yours very truly,
P. E. Coldwell
President

Enclosure

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

L IS T OF OTC MARGIN STOCKS
as of July 12, 1971

This list of “ OTC margin 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 margin requirements as of July 12, 1971,
pursuant to Sections 207.2(f) of Federal Reserve Regulation G, “ Securities
Credit by Persons other than Banks, Brokers, or D ealers,” 220.2(e) of Regula­
tion T, “ Credit by Brokers and Dealers,” and 221.3(d) of Regulation U, “ Credit
by Banks for the Purpose of Purchasing or Carrying Margin Stocks.”
The list is published from time to time by the Board as a guide for
lenders subject to the regulations and the general public. Stocks w ill be added
to the list, or deleted, in the interim between publications as deemed appropriate
by the Board. This list supersedes the previous list of OTC margin stocks
published as of July 20, 1970, including changes thereto.

For current informa­

tion contact the nearest Federal Reserve Bank.
CAUTION: Stocks appearing on the list have not been approved, in
any way, by the Board and representation by any person that their appearance
on the list indicates approval by the Board or is based on approval by any gov­
ernment agency is unlawful.

Any inquiry relating to this list or to Regulations G, T, or U should
be addressed to the nearest Federal Reserve Bank.

(Prepared for Purposes of Regulations G, T, and U)

BOARD OF GOVERNORS
OF T H E F E D E R A L RESERVE SYSTEM
WASHINGTON

AITS, INC.
$.10 par common

ANIXTER BROTHERS, INC.
$1.00 par common

BRUSH BERYLLIUM COMPANY, THE
$1.00 par common

AVM CORPORATION
$1.00 par common

APPLEBAUMS1 FOOD MARKETS, INC.
$1.00 par common

BUCKBEE MEARS COMPANY
$.10 par common

ACUSHNET COMPANY
Common

ARDEN-MAYFAIR, INC.
$1.00 par common

BUCKEYE INTERNATIONAL, INC.
No par common, $5.00 stated value

ADDISON-WESLEY PUBLISHING
COMPANY, INC.
Class B, no par common

ARKANSAS-MISSOURI POWER COMPANY
$2.50 par common

BURNUP & SIMS INC.
$.10 par common

ARKANSAS WESTERN GAS COMPANY
$2.50 par common

BUTLER MANUFACTURING COMPANY
No par common

ARROW-HART, INC.
$10.00 par common

CAMPBELL TAGGART, INC.
$1.00 par common

ARVIDA CORPORATION
$1.00 par common

CAPITOL INTERNATIONAL AIRWAYS, INC.
$1.00 par common

ALLEGHENY BEVERAGE CORPORATION
$1.00 par common

ASSOCIATED COCA-COLA BOTTLING
COMPANY, INC.
$.50 par common

CAROLINA CARIBBEAN CORPORATION
$.83-1/3 par common

ALLYN AND BACON, INC.
$.50 par common

ASSOCIATED TRUCK LINES, INC.
$3.00 par common

ALPHANUMERIC, INC.
Common

ATLANTA GAS LIGHT COMPANY
$5.00 par common

ALPINE GEOPHYSICAL ASSOCIATES, INC.
$.10 par common

BAIRD-ATOMIC, INC.
$1.00 par common

CENTRAL VERMONT PUBLIC SERVICE
CORPORATION
$6.00 par common

AMAREX, INC.
$1.00 par common

BANGOR HYDRO-ELECTRIC COMPANY
$5.00 par common

CHANCE, A. B. COMPANY
$2.50 par common

AMERICAN BIOCULTURE, INC.
$.02 par common

BARBER-GREENE COMPANY
$5.00 par common

CHEMICAL LEAMAN TANK LINES, INC.
$2.50 par common

AMERICAN EXPRESS COMPANY
$1.66-2/3 par common
$1.50 convertible preferred

BARDEN CORPORATION, THE
$1.00 par common

CHESAPEAKE INSTRUMENT CORPORATION
$1.00 par common

BARNES-HIND PHARMACEUTICALS, INC.
No par common

CHICAGO BRIDGE & IRON COMPANY
$6.66-2/3 par common

BASSETT FURNITURE INDUSTRIES, INC.
$5.00 par common

CITIZENS UTILITIES COMPANY
Series A, $1.00 par common
Series B, $1.00 par common

ADVANCE ROSS CORPORATION
$.10 par common
ALEXANDER & ALEXANDER, INC.
No par common
ALEXANDER & BALDWIN, INC.
No par common

AMERICAN FINANCIAL CORPORATE ON
No par common
AMERICAN FURNITURE COMPANY, INC.
$1.00 par common
AMERICAN GREETINGS CORPORATION
Class A, $1.00 par common
AMERICAN MEDICORP, INC.
$.01 par common
AMERICAN NUCLEAR CORPORATION
$.04 par common
AMERICAN TELEVISION & COMMUNICATIONS
CORPORATION
$.75 par common

CARTE BLANCHE CORPORATION
Class A, $1.00 par common
CASCADE NATURAL GAS CORPORATION
$1.00 par common

BEEFLAND INTERNATIONAL, INC.
$1.00 par common
BETZ LABORATORIES, INC.
$.10 par common
BIBB MANUFACTURING COMPANY
$12.50 par common
BIO-DYNAMICS, INC.
No par common
BLACK HILLS POWER AND LIGHT COMPANY
$1.00 par common

CLARK, J. L. MANUFACTURING COMPANY
$1.00 pac common
CLEVEPAK CORPORATION
Common
CLINTON OIL COMPANY
$.03-1/3 par common
CLOW CORPORATION
$6.25 par common
COGAR CORPORATION
$.60 par common

AMERICAN WELDING & MANUFACTURING
COMPANY, THE
No par common

BOOZ, ALLEN & HAMILTON, INC.
Common

ANADITE, INC.
Common

BRENCO, INC.
$1.00 par common

COGNITRONICS CORPORATION
$.20 par common

ANHEUSER-BUSCH, INC.
$1.00 par common

BROWNING ARMS COMPANY
Capital

COLDWELL, BANKER AND COMPANY
No par common

2

COMMONWEALTH TELEPHONE COMPANY
$6.66-2/3 par common

DOWNTOWNER CORPORATION, THE
Common

FRIGITRONICS, INC.
$.10 par common

COMPUTER COMMUNICATIONS, INC.
$1.00 par common

DOYLE DANE BERNBACH INC.
$.50 par common

GRT CORPORATION
No par common

COMPUTER USAGE COMPANY, INC.
Common

DUNKIN' DONUTS INC.
$1.00 par common

GARFINCKEL, BROOKS BROTHERS,
MILLER & RHOADS
$.50 par common

COMRESS, INC.
$.05 par common

DURIRON COMPANY, INC., THE
$1.25 par common

CONAGRA, INC.
$5.00 par common

EASTERN SHOPPING CENTERS, INC.
$5.00 par common

CONTINENTAL INVESTMENT CORPORATION
$1.00 par common

ECKRICH, PETER & SONS, INC.
No par common

CONTRAN CORPORATION
Common

ECONOMICS LABORATORY, INC.
Common

CORNELIUS COMPANY, THE
$.20 par common

EL PASO ELECTRIC COMPANY
No par common

COUSINS PROPERTIES INC.
$1.00 par common

ELBA SYSTEMS CORPORATION
No par common

CROSS COMPANY, THE
$5.00 par common

ELECTRO-NUCLEONICS, INC.
$.02-1/2 par common

CRUTCHER RESOURCES CORPORATION
$1.00 par common

GATES LEARJET CORPORATION
$1.00 par common
GELMAN INSTRUMENT COMPANY
$.10 par common
GENERAL AIRCRAFT CORPORATION
$1.00 par common
GENERAL HEALTH SERVICES, INC.
$1.00 par common
GENERAL MEDICAL CORPORATION
$1.00 par common
GENERAL UNITED GROUP, INC.
$.25 par common
GIFFEN INDUSTRIES, INC.
$1.00 par common

ENERGY CONVERSION DEVICES, INC.
$.01 par common

GIFFORD-HILL & COMPANY
$2.00 par common

ENERGY RESOURCES CORPORATION
$1.00 par common

GILFORD INSTRUMENT LABORATORIES INC.
No par common

EPSCO, INC.
No par common

GLEASON WORKS
Common

EQUITY OIL COMPANY
$1.00 par common

GOLDEN CYCLE CORPORATION, THE
No par common

ERIE TECHNOLOGICAL PRODUCTS, INC.
$2.50 par common

GRAPHIC CONTROLS CORPORATION
$1.00 par common

FABRI-TEK INC.
$.10 par common

GRAPHIC SCIENCES, INC.
$.50 par common

DELHI INTERNATIONAL OIL CORPORATION
$.10 par common

FARRINGTON MANUFACTURING COMPANY
$1.00 par common

GREAT SOUTHWEST CORPORATION
Common

DELUXE CHECK PRINTERS, INC.
$1.00 par common

FIRST WESTERN FINANCIAL CORPORATION
$1.00 par common

GREEN MOUNTAIN POWER CORPORATION
$3.33-1/3 par common

DETREX CHEMICAL INDUSTRIES, INC.
$2.00 par common

FLICKINGER, S. M. COMPANY, INC.
$2.50 par common

GYRODYNE COMPANY OF AMERICA, INC.
$1.00 par common

DIAMOND CRYSTAL SALT COMPANY
$2.50 par common

FLORIDA TELEPHONE CORPORATION
$2.50 par common

HARDEE'S FOOD SYSTEMS, INC.
No par common

DISC INC.
$1.00 par common

FOOD FAIR PROPERTIES, INC.
$.01 par common

HASBRO INDUSTRIES, INC.
$.50 par common

DONALDSON COMPANY, INC.
$5.00 par common

FOSTER GRANT COMPANY, INC.
Common

HAVEN INDUSTRIES, INC.
$.01 par common

DONALDSON, LUFKIN & JENRETTE, INC.
$.10 par common

FOTOMAT CORPORATION
No par common

HAWTHORNE FINANCIAL CORPORATION
$1.00 par capital

DOW JONES & COMPANY, itiC.
$1.00 par common
'“

FRIENDLY ICE CREAM CORPORATION
$1.00 par common

HEATH TECNA CORPORATION
No par common

DALTO ELECTRONICS CORPORATION
$.50 par common
DASA CORPORATION
$1.00 par common
DATA GENERAL CORPORATION
$.01 par common
DATA PACKAGING CORPORATION
$.10 par common
DEKALB AGRESEARCH, INC.
Class B, no par common

3

HERFF JONES COMPANY
No par common

KDI CORPORATION
$.35 par common

LYNCH COMMUNICATION SYSTEMS INC.
$1.00 par common

HEXCEL CORPORATION
$1.00 par common

KMS INDUSTRIES, INC.
$.01 par common

MADISON GAS AND ELECTRIC COMPANY
$8.00 par common

HOOVER COMPANY, THE
$2.50 par common

KAISER STEEL CORPORATION
$ .66-2/3 par common
$1.46 preferred

MAINE SUGAR INDUSTRIES, INC.
$1.25 par common

HORIZON CORPORATION
$.01 par common
HYATT CORPORATION
$.50 par common
HYSTER COMPANY
$.50 par common
ISI CORPORATION
No par common
INDIANAPOLIS WATER COMPANY
$7.50 par common
INDUSTRIAL NUCLEONICS
No par common
INFORMATICS, INC.
$.10 par common
INLAND CONTAINER CORPORATION
Class A, no par conmon
INTERNATIONAL BANK (Washington, D. C.)
Class A, common
INTERNATIONAL BOOK CORPORATION
$.02 par common

KALVAR CORPORATION
$.02 par capital

MAJOR REALTY CORPORATION
$.01 par common

KAMAN CORPORATION
Class A, $1.00 par common

MALLINCKRODT CHEMICAL WORKS
Class A, non-voting,
$3.33-1/3 par common

KEARNEY & TRECKER CORPORATION
$2.00 par common

MANAGEMENT ASSISTANCE INC.
$.10 par common

KEENE CORPORATION
$.10 par comnon

MAUI LAND & PINEAPPLE COMPANY, INC.
No par common

KELLWOOD COMPANY
Common

MEDIC-HOME ENTERPRISES INC.
$.10 par common

KELLY SERVICES, INC.
$1.00 par common

MEDICENTERS OF AMERICA, INC.
$1.00 par common

KEYES FIBRE COMPANY
$1.00 par common

MEDTRONIC, INC.
$.10 par common

KEYSTONE CUSTODIAN FUNDS, INC.
Class A, non-voting,
no par common

MIDAS-INTERNATIONAL CORPORATION
Class A, $1.00 par common

KING RESOURCES COMPANY
Common

MILLIPORE CORPORATION
$.33-1/3 par common

KNAPE & VOGT MANUFACTURING COMPANY
$2.00 par common

MOGUL CORPORATION, THE
No par common

KUHLMAN CORPORATION
$1.00 par common

MOHAWK RUBBER COMPANY
$1.00 par common

LADD PETROLEUM CORPORATION
$.10 par common

MOORE, SAMUEL AND COMPANY
No par common

LANCE, INC.
$2.50 par common

MOTOR CLUB OF AMERICA COMPANIES
$.50 par common

LANDA INDUSTRIES, INC.
$.10 par common

MURPHY PACIFIC MARINE SALVAGE COMPANY
No par common

LANE WOOD, INC.
No par common

NATIONAL LIBERTY CORPORATION
$1.00 par common

IOWA SOUTHERN UTILITIES COMPANY
$10.00 par common

LEHIGH COAL AND NAVIGATION COMPANY,
THE
$1.00 par common

NATIONAL STUDENT MARKETING CORPORATION
$1.00 par common

JAMES, FRED S. & COMPANY, INC.
$.50 par common

LEISURE GROUP, INC., THE
No par common

NEW ENGLAND GAS AND ELECTRIC
ASSOCIATION
$4.00 par common

JAMESBURY CORPORATION
$1.00 par common

LIN BROADCASTING CORPORATION
Common

NEW JERSEY NATURAL GAS COMPANY
$5.00 par common

JET AVION CORPORATION
$.10 par common

LOMAS & NETTLETON FINANCIAL
CORPORATION
$2.00 par common

NICHOLSON FILE COMPANY
$1.00 par common

INTERNATIONAL LEISURE CORPORATION
$1.00 par common
INTERNATIONAL MULTIFOODS CORPORATION
$1.00 par common
INTERNATIONAL TEXTBOOK COMPANY
(INTEXT)
No par common

INTERWAY CORPORATION
$1.00 par common
INVESTMENT CORPORATION OF FLORIDA
$.02 par common

JOSLYN MANUFACTURING AND SUPPLY
COMPANY
$1.25 par common

LOWE'S COMPANIES, INC.
$.50 par common

4

NIELSEN, A. C. COMPANY
Class A, $1.00 par common
Class B, $1.00 par common

t

NORTH CAROLINA NATURAL GAS CORPORATION
$2.50 par comnon

PIEDMONT AVIATION, INC.
$1.00 par common

SCRIPTO, INC.
$.50 par common

NORTH CENTRAL AIRLINES, INC.
$.20 par comnon

PIZZA HUT, INC.
$.01 par common

SEA WORLD, INC.
$.50 par common

NORTHWEST NATURAL GAS COMPANY
$3.00-1/6 par common

POPE & TALBOT, INC.
$2.00 par common

SEISMIC COMPUTING CORPORATION
$.10 par common

NORTHWESTERN PUBLIC SERVICE COMPANY
$7.00 par common

POPEIL BROTHERS, INC.
No par common

SEVEN-UP COMPANY, THE
$1.00 par common

NOXELL CORPORATION
Class B, non-voting,
$1.00 par common

PROFESSIONAL GOLF COMPANY
$.50 par common

SHAKESPEARE COMPANY
Common

PUBLIC SERVICE COMPANY
OF NEW MEXICO
$5.00 par common

SHAREHOLDERS CAPITAL CORPORATION
$.50 par common

OCEAN DRILLING & EXPLORATION COMPANY
$.50 par comnon
OHIO ART COMPANY, THE
$1.00 par common
OIL SHALE CORPORATION, THE
$.15 par common
ORMONT DRUG & CHEMICAL COMPANY, INC.
$.10 par common
OTTER TAIL POWER COMPANY
$5.00 par common
OVERSEAS NATIONAL AIRWAYS, INC.
$1.00 par common
OZITE CORPORATION
$1.00 par common
PABST BREWING COMPANY
No par common
PACIFIC RESOURCES, INC.
$6.66-2/3 par common
PANOIL COMPANY
$.10 par common
PARKER DRILLING COMPANY
$1.00 par common
PARKVIEW-GEM, INC.
$1.00 par common
PAULEY PETROLEUM INC.
$1.00 par common
PAVELLE CORPORATION, THE
$.10 par common
PAY'N SAVE CORPORATION
No par common
PENNSYLVANIA GAS AND WATER COMPANY
No par common, $10.00 stated value

PUBLIC SERVICE COMPANY
OF NORTH CAROLINA, INC.
$1.00 par common
PUBLISHERS COMPANY, INC.
$.40 par common
QUALITY COURTS MOTELS, INC.
$1.00 par common
RANSBURG ELECTRO-COATING CORPORATION
$.15 par common
RAYCHEM CORPORATION
No par common
RAYGO, INC.
$.05 par common
RECOGNITION EQUIPMENT INC.
$.25 par common
REID-PROVIDENT LABORATORIES INC.
$1.00 par common
RIVAL MANUFACTURING COMPANY
Common
ROADWAY EXPRESS, INC.
No par common
ROBERTS COMPANY
$1.00 par common
ROUSE COMPANY, THE
$.01 par common
RUSSELL STOVER CANDIES, INC.
$1.00 par common
SAGA ADMINISTRATIVE CORPORATION
$1.00 par common

SHOP RITE FOODS, INC.
$3.33-1/3 par common
SIMON & SCHUSTER, INC.
$.50 par common
SMITHFIELD FOODS, INC.
$1.00 par common
SMITH *S TRANSFER CORPORATION
$2.50 par common
SOUTHERN INDUSTRIES CORPORATION
No par common
SOUTHERN NEW ENGLAND TELEPHONE
COMPANY, THE
$25.00 par common
SOUTHLAND CORPORATION, THE
$.01 par common
SOUTHWEST GAS CORPORATION
$1.00 par common
SOUTHWEST GAS PRODUCING COMPANY, INC.
$1.00 par common
SOVEREIGN INDUSTRIES, INC.
$.04 par common
SPANG INDUSTRIES,INC.
$1.00 par common
STANDARD REGISTER COMPANY, THE
Common
STIRLING HOMEX CORPORATION
$.01 par common
SUBSCRIPTION TELEVISION, INC.
$.01 par capital
SUGARDALE FOODS, INC.
No par common

PETTIBONE CORPORATION
$10.00 par common

SAUL, B. F. REAL ESTATE
INVESTMENT TRUST
Shares of Beneficial Interest

SUPERIOR ELECTRIC COMPANY, THE
$1.00 par common

PHILADELPHIA SUBURBAN CORPORATION
$1.00 par comnon

SCIENTIFIC CONTROL CORPORATION
$.20 par common

TDA INDUSTRIES, INC.
Common

PHOTON, INC.
$1.00 par common

SCOPE INC.
$1.00 par common

TAMPAX INC.
$1.00 par common

5

TASSETTE, INC.
Class A, $.10 par common

WERNER CONTINENTAL, INC.
$.50 par common

CONTINENTAL BANK (Pennsylvania)
$10.00 par common

TAYLOR WINE COMPANY, INC., THE
$2.00 par common

WESTERN GEAR CORPORATION
$1.00 par common

DETROIT BANK AND TRUST COMPANY, THE
$10.00 par common

TELECOR, INC.
$.50 par common

WESTERN PUBLISHING COMPANY, INC.
$1.00 par common, $2.50 stated
value

EQUIMARK CORPORATION
$5.00 par common

TELEVISION COMMUNICATIONS CORPORATION
$1.00 par capital
TEXAS AMERICAN OIL CORPORATION
$.10 par common
TEXAS INTERNATIONAL AIRLINES, INC.
$2.00 par common
TEXFI INDUSTRIES, INC.
$1.00 par coonnon
TIFFANY & COMPANY
$1.00 par common
TITAN GROUP, INC.
$1.00 par common
TRACOR, INC.
Common

WESTGATE-CALIFORNIA CORPORATION
Class A, $5.00 par common

FIDELITY CORPORATION OF PENNSYLVANIA
$1.00 par common

WHITE SHIELD CORPORATION
$.05 par common

FIRST & MERCHANTS CORPORATION
(Virginia)
$10.00 par common

WINTER PARK TELEPHONE COMPANY, THE
$2.50 par common

FIRST BANK SYSTEM, INC.
$5.00 par capital

WISCONSIN POWER AND LIGHT COMPANY
Common

FIRST CITY NATIONAL BANK OF HOUSTON
$10.00 par common-capital

WOODWARD & LOTHROP INC.
$10.00 par common

FIRST EMPIRE STATE CORPORATION
$5.00 par common

YELLOW FREIGHT SYSTEM, INC.
$1.00 par common

FIRST JERSEY NATIONAL CORPORATION
$5.00 par common

YOUNKER BROTHERS, INC.
No par common

FIRST MERCHANTS NATIONAL BANK,
ASBURY PARK
$2.50 par common

TRANSCONTINENTAL GAS PIPE LINE
CORPORATION
$.50 par common

FIRST NATIONAL BANK IN DALLAS
$10.00 par common-capital
BANK STOCKS

TRANSOCEAN OIL, INC.
$1.00 par common
TRICO PRODUCTS CORPORATION
No par common

AMERICAN SAVINGS & LOAN ASSOCIATION
$.33-1/3 par permanent reserve
guarantee stock

TRINITY INDUSTRIES, INC.
$1.00 par common

AMERICAN SECURITY AND TRUST COMPANY
$3.33-1/3 par capital

TYSON FOODS, INC.
Common

BANCO CREDITO Y AHORRO PONCENO
$5.00 par common

UNITED CONVALESCENT HOSPITALS, INC.
$1.00 par common

BANK OF HAWAII
$8.00 par common

UNITED ILLUMINATING COMPANY, THE
No par common
UNITED STATES BANKNOTE CORPORATION
$1.00 par common
WARNER ELECTRIC BRAKE & CLUTCH
COMPANY
$1.00 par common
WASHINGTON NATURAL GAS COMPANY
$5.00 par common
WATER TREATMENT CORPORATION
Common
WEBB RESOURCES, INC.
$.10 par common
WELLINGTON MANAGEMENT COMPANY
Class A, $.10 par common

FIRST NATIONAL BANK OF MARYLAND,
THE
$5.00 par common
FIRST NATIONAL HOLDING CORPORATION
(Memphis, Tennessee)
$5.00 par common
FIRST PENNSYLVANIA CORPORATION
$1.00 par common
FIRST UNION NATIONAL BANCORP, INC.
$5.00 par capital

BANKAMERICA CORPORATION
$6.25 par common

FRANKLIN NEW YORK CORPORATION
Common
Convertible preferred

BARNETT BANKS OF FLORIDA, INC.
$2.00 par common

GIRARD COMPANY, THE
$1.00 par common

BAYSTATE CORPORATION
$7.50 par common

HARRIS TRUST AND SAVINGS BANK
Capital

CP FINANCIAL CORPORATION
$1.00 par common

LINCOLN FIRST BANKS,INC.
$10.00 par common

CITIZENS AND SOUTHERN NATIONAL
BANK, THE (Georgia)
Class A, $5.00 par common

LONG ISLAND TRUST COMPANY
$5.00 par common

CLEVELAND TRUST COMPANY, THE
$20.00 par capital
COMMERCIAL TRUST COMPANY
OF NEW JERSEY
$5.00 par capital

6

MANUFACTURERS NATIONAL BANK OF
DETROIT
$10.00 par common
MARYLAND NATIONAL CORPORATION
$5.00 par common

MELLON NATIONAL BANK AND TRUST COMPANY
Common
MIDLANTIC BANKS, INC.
$10.00 par common
MONMOUTH COUNTY NATIONAL BANK, THE
$1.00 par common-capital
NCNB CORPORATION
$5.00 par common

UNITED STATES TRUST COMPANY
OF NEW YORK
$5.00 par capital
UNITED VIRGINIA BANKSHARES INC.
$10.00 par common
VALLEY NATIONAL BANK OF ARIZONA, THE
$2.50 par common
VIRGINIA NATIONAL BANK
$5.00 par common

NATIONAL BANK OF DETROIT
$12.50 par common
NATIONAL CITY BANK OF CLEVELAND,
THE
$8.00 par common
NEW ENGLAND MERCHANTS COMPANY, INC.
$5.00 par common
NEW JERSEY NATIONAL BANK
$5.00 par common
NORTHERN TRUST COMPANY, THE
$20.00 par capital
PNB CORPORATION
$1.00 par common
PITTSBURG NATIONAL CORPORATION
$10.00 par common
PROVIDENT NATIONAL CORPORATION
$1.00 par common
REPUBLIC NATIONAL BANK OF DALLAS
$6.00 par common-capital
RIGGS NATIONAL BANK OF WASHINGTON,
D. C., THE
$10.00 par common
SEATTLE-FIRST NATIONAL BANK
$10.00 par common
SECURITY NATIONAL BANK
(Huntington, New York)
$5.00 par common
SECURITY PACIFIC NATIONAL BANK
$10.00 par common
SHAWMUT ASSOCIATION, INC.
$5.00 par common
SOUTHEAST BANKING CORPORATION
$5.00 par common
STATE STREET BOSTON FINANCIAL
CORPORATION
$10.00 par common
TRUST COMPANY OF NEW JERSEY, THE
$2.50 par common
UNITED BANCSHARES OF FLORIDA, INC.
$1.00 par common
UNITED BANKS OF COLORADO, INC.
$5.00 par common

COLONIAL LIFE & ACCIDENT INSURANCE
COMPANY
Class B, non-voting,
$1.00 par common
COMBINED INSURANCE COMPANY
OF AMERICA
$1.00 par common
CONNECTICUT GENERAL INSURANCE
CORPORATION
$2.50 par common
CRUM & FORSTER
$2.50 par common

INSURANCE STOCKS

AMERICAN BANKERS INSURANCE
COMPANY OF FLORIDA
$2.50 par common
AMERICAN BANKERS LIFE ASSURANCE
COMPANY OF FLORIDA
Common
AMERICAN FAMILY LIFE ASSURANCE
COMPANY OF COLUMBUS
$1.00 par common
AMERICAN FIDELITY LIFE INSURANCE
COMPANY
$1.00 par common
AMERICAN HERITAGE LIFE INVESTMENT
CORPORATION
$1.00 par common
AMERICAN INTERNATIONAL GROUP, INC.
$5.00 par common
AMERICAN NATIONAL INSURANCE COMPANY
$1.00 par common
AMERICAN RE-INSURANCE COMPANY
$3.00 par capital
BMA CORPORATION
$2.00 par common
BANKERS NATIONAL LIFE INSURANCE
COMPANY
$2.00 par common
BENEFICIAL STANDARD CORPORATION
Class A, $1.00 par common
CALIFORNIA-WESTERN STATES LIFE
INSURANCE COMPANY
$2.50 par common-capital
CAPITAL HOLDING CORPORATION
$1.00 par common

EASTERN LIFE INSURANCE COMPANY
OF NEW YORK
$1.00 par common
EMPIRE GENERAL CORPORATION
$1.00 par common
EMPIRE LIFE INSURANCE COMPANY
OF AMERICA
Class A, $1.00 par common
FAMILY LIFE INSURANCE COMPANY
Class A, non-voting, common
FARMERS NEW WORLD LIFE INSURANCE
COMPANY
$1.00 par common
FIDELITY CORPORATION (Virginia)
$1.00 par common
FIDELITY UNION LIFE INSURANCE
COMPANY
$1.00 par common
FIRST NATIONAL CORPORATION
(Houston, Texas)
Class A, $1.00 par common
FOUNDERS FINANCIAL CORPORATION
$1.00 par common
FRANKLIN LIFE INSURANCE COMPANY, THE
$2.00 par common

GEORGIA INTERNATIONAL CORPORATION
$1.00 par common
GLOBE LIFE AND ACCIDENT INSURANCE
COMPANY
$1.00 par common
GOVERNMENT EMPLOYEES INSURANCE COMPANY
$4.00 par common
GOVERNMENT EMPLOYEES LIFE INSURANCE
COMPANY
$1.50 par common

CHUBB CORPORATION, THE
$1.00 par common

GREAT COMMONWEALTH LIFE INSURANCE
COMPANY
$1.00 par common

COASTAL STATES LIFE INSURANCE COMPANY
Common

HAMILTON INTERNATIONAL CORPORATION
Class A, $1.00 par common

7

HANOVER INSURANCE COMPANY, THE
$10.00 par common
HORACE MANN EDUCATORS CORPORATION
Common
INDEPENDENT LIFE & ACCIDENT INSURANCE
COMPANY, THE
Non-voting, common
INTEGON CORPORATION
$1.00 par common
INTERFINANCIAL INC.
$1.00 par common
INTERSTATE CORPORATION, THE
$1.00 par common
KENTUCKY CENTRAL LIFE INSURANCE
COMPANY
Class A, non-voting,
$1.00 par common
LIBERTY NATIONAL LIFE INSURANCE
COMPANY
$2.00 par common-capital
LINCOLN CONSOLIDATED, INC.
$1.00 par coranon
LOUISIANA AND SOUTHERN LIFE
INSURANCE COMPANY
$1.00 par common
MIDWESTERN UNITED LIFE INSURANCE
COMPANY
$1.00 par common
MISSION EQUITIES CORPORATION
No par common
MONARCH CAPITAL CORPORATION
$1.00 par common
MONUMENTAL CORPORATION
$5.00 par common

MUTUAL SAVINGS LIFE INSURANCE
COMPANY
Common

PROVIDENT LIFE INSURANCE COMPANY
$2.50 par common

NLT CORPORATION
$5.00 par common

REPUBLIC NATIONAL LIFE INSURANCE
COMPANY
$1.00 par common

NATIONAL LIFE OF FLORIDA CORPORATION
$1.00 par common

RICHMOND CORPORATION
Common

NATIONAL OLD LINE INSURANCE
COMPANY
Class BB, non-voting,
$1.00 par common

SAFECO CORPORATION
$5.00 par common
ST. PAUL COMPANIES, INC., THE
$3.00 par common

NATIONAL WESTERN LIFE INSURANCE
COMPANY
Class A, common

SECURITY CORPORATION, THE
$10.00 par common

NATIONWIDE CORPORATION
Class A, $2.50 par common

SECURITY LIFE AND ACCIDENT COMPANY
Series A, $2.00 par common

NORTH AMERICAN LIFE AND CASUALTY
COMPANY
$1.00 par common
NORTHWESTERN NATIONAL LIFE INSURANCE
COMPANY
$1.25 par common
OHIO CASUALTY CORPORATION
$.50 par common
OLD LINE LIFE INSURANCE COMPANY
OF AMERICA, THE
$1.33-1/3 par common
PENNSYLVANIA LIFE COMPANY
$.66-2/3 par common
PHILADELPHIA LIFE INSURANCE COMPANY
$1.00 par common
PROVIDENT LIFE & ACCIDENT INSURANCE
COMPANY
Common

8

SOUTHWESTERN LIFE INSURANCE COMPANY
$2.50 par capital
UNICOA CORPORATION
$2.50 par common
UNITED FOUNDERS LIFE INSURANCE
COMPANY
$1.00 par common
UNITED LIFE & ACCIDENT INSURANCE
COMPANY
$1.00 par common
UNITED SERVICES LIFE INSURANCE
COMPANY
$1.00 par common

VARIABLE ANNUITY LIFE INSURANCE
COMPANY, THE
$1.00 par common
WASHINGTON NATIONAL CORPORATION
$5.00 par common