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federal reserve Ba n k DALLAS, T E X A S of Dallas 75222 Circular No. 69-206 August 18, 1969 SUPPLEMENT AS OF AUGUST 8, 1969 TO LIST OF OTC MAJRKET MAKERS To All Banks and Others Concerned in the Eleventh Federal Reserve District: Enclosed is a supplement to the list of OTC market makers published as of July 18, 1969 * Part I of the supplement comprises firms that filed Form X-17A-12(l) with the Securities and Exchange Commission, between July 30, when the original list was closed and August 8, 1969 ^ the date of this supple ment, in order to qualify as OTC market-makers under section 221.3(w) of Regulation U, and the OTC margin stocks in respect of which each has qualified. Part II of the supplement comprises broker/dealers who had ceased to make a market in securities in which the firms previously reported making a market. Additional copies of the supplement will be furnished upon request. Yours very truly, P. E. Coldwell President Enclosure (l) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Supplement as o f August 8 , 1969 to List of OTC Market Makers Published as of July 18, 1969 (Prepared for use by banks in connection with extensions of credit pursuant to section 221.3(w) of Regulation U) This supplement to the list of "OTC market makers" comprises firms that have filed Form X-17A-12(1), the "Notification of OTC market makers in OTC margin securities, "with the Securities and Exchange Com mission, and the OTC margin stocks in respect of which each such firm had filed such form, since publication of the initial list, as of July 18, 1969, and August 8, 1969, the date of this supplement. Part I of this supplement represents notifications in which the broker-dealer commenced making a market in an OTC margin security. Part II represents notifications in which the broker-dealer ceased making a market in an OTC margin security since filing the commencement notification included in the initial list published as of July 18, 1969. In determining whether a broker-dealer has filed Form X-17A12(1) in respect of OTC margin stock being pledged as collateral to secure credit extended pursuant to section 221.3(w) (but for this purpose only), a bank may rely on the most recent issue of the list of OTC market makers in combination with the supplements thereto. As stated in the foreword to the list, a bank extending such credit must also obtain from the broker-dealer a properly executed Form F.R. U-2, and must accept such form in good faith, as defined in sections 221.3(a) and 221.3(w) of Regulation U. Copies of issues of the list and of supplements may be obtained from the Federal Reserve Bank of the district In which the head office of the bank extending such credit Is situated. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON Supplement to L i s t o f OTC Market Makers - August 8 , 1969 2 Part I The following broker-dealers had commenced making a market in the follow ing securities as of August 8, 1969. Atlanta Securities Corp. Clinton Oil Co. Coastal States Life Insurance Co. Major Realty Corp. Scripto Inc. Blyth & Co., Inc.(con't) First Bank System Inc. (Minn.) The First National Bank of Boston The First National Bank of Chicago First National Bank in Dallas Florida Telephone Corporation Bear, Stearns & Co. The Franklin Life Ins. Co. (111.) Wachovia Corporation Franklin National Bank (New York) The Gas Service Company Blyth & Co., Inc. Girard Company Addison-Wesley Publishing Co., Inc. Government Employees Ins. Co. Grinnell Corporation Advance Ross Corporation Alexander and Baldwin, Inc. Gulf Life Holding Company American District Telegraph Company The Hanover Ins. Company Hartford Fire Ins. Co. American Express The Hoover Company American Greetings Corporation American Heritage Life Ins. Co. (Fla.) Independent Life & Accident Ins. Co. (Fla.) American National Ins. Co. (Tex.) Indiana Gas Co., Inc. American Pipe and Construction Co. Iowa Southern Utilities Co. American Welding & Manufacturing Co. Kaiser Steel Corporation Anadlte, Inc. Anheuser-Busch, Incorporated Kearney & Trecker Corp. Arden-Mayfair, Inc. King Resources Company Liberty National Life Ins. Co. (Tex.) Arvida Corporation Life Ins. Co. of Kentucky Bankamerica Corporation Lilly, Eli and Company The Bank of California, N.A. Lin Broadcasting Corp. Betz Laboratories, Inc. Lincoln National Corp. BMA Corporation Management Assistance Inc. Browning Arms Company Manufacturers National Bank of Detroit Buckbee-Mears Company i California-Western States Life Ins. Co, Me 11 o l National Bank and Trust Company Monarch Capital Corporation Capital Holding Co. Murphy Pacific Marine Salvage Co. Cascade Natural Gas Corporation National Bank of Detroit Central Vermont Public Service Corp. The National City Bank of Cleveland Citizens Utilities Company Nationwide Corp. Clinton Oil Company New England Gas and Electric Assoc. Combined Ins. Co. of America Nielsen, A. C. and Co. Class A Computer Usage Co., Inc. North American Life & Casualty Co. Connecticut General Ins. Corp. North Carolina Natural Gas Corp. Continental Bank and Trust Co. (Pa.) Northwest Natural Gas Co. Crocker-Citizens National Bank The Ohio Casualty Insurance Co. The Cross Company Otter Tail Power Company The Detroit Bank and Trust Co. Pabst Brewing Company El Paso Electric Company Pauley Petroleum Inc. Farmers New World Life Ins. Co. Pay'n Save Corp. Farrington Manufacturing Company Pennsylvania Gas & Water Company Fidelity Corporation (Va.) 3 Supplement to L i s t o f OTC Market Makers - August 8 . 1969 Conlon 6 Co. Inc., B.J. c Blyth & Co. , Inc.(con't) Maine Sugar Industries Photon, Inc. Piedmont Natural Gas Company, Inc. c Public Service Co. of New Hampshire Dallas Rupe 6 Son, Inc. Contran Corporation Public Service Co. of New Mexico Republic National Bank of Dallas Publishers Company, Inc. Tracor, Inc. Recognition Equipment Inc. Republic National Bank of Dallas Safeco Corp. Dryfoos 6 Co. , J.M. c The Saint Paul Companies, Inc. Scott, 0. M. and Sons Co. Seattle-First National Bank Security Pacific National Bank The Seven-Up Company Southern New England Telephone Co. Southern Union Gas Company The Southland Corp. Southwest Gas Corp. The Standard Register Company The TI Corp. (of California) Tampax Inc. Titan Group, Inc. Tracor Inc. Transcontinental Gas Pipe Line Corp. United Convalescent Hospitals, Inc. The United Illuminating Company United Life and Accident Ins. Co. (N.H.) United States Fidelity and Guaranty Co. (Md.) University Computing Company The Valley National Bank of Arizona Variable Annuity Life Ins. Co. of America Wachovia Corp. , Wallace Business Forms Inc. Washington Natural Gas Co. Wells Fargo Bank, N.A. Wisconsin Power 6 Light Company c Bullington-Schas 6 Co. c The Federal Company The Downtowner Corporation Butcher 6c Sherrerd The Cross Company The Dariron Company, Inc. Edgcomb Steel Company Philadelphia Suburban Water Co. United Convalescent Hospital, Inc. Edwards and Sons Inc., A.G. Parkview-Gem Inc. Shop Rite Foods Inc. University Computing Co. Hay, Fales 6 Co. , Inc. c Lin Broadcasting Hallowell, Sulzberger, Jenks General Aircraft Corp. 6c Co. Jones 6c Co. Inc. , Hinton Cascade Natural Gas Jones Co., June S. Northwest Natural Gas Co. King 6c Co. , Charles Computer Usage Co., Inc. Lehman Brothers Northwest Natural Gas Co. (Oregon) Morrissey 6c Co. , F. J. The First Pennsylvania Corp. Rauscher Pierce Securities Corporation American National Ins. Co. (Tex.) Contran Corporation Empire Life Ins. Co. of America First National Bank in Dallas First National Life Ins. Co. Landa Industries, Inc. Republic National Bank of Dallas Shop Rite Foods, Inc. Southern Union Gas Company Texas American Oil Corp. Supplement to L i s t o f OTC Market Makers - August 8 , 1969 The Robinson-Humphrey Company, Inc. Georgia International Corp. Rowe & Pitman, Inc. Travelodge Rowles, Winston & Co. Landa Industries Texas International Airways Saxton & Co. Inc., G.A. Parkview-Gem, Inc. Shropshire, Frazer & Company Southern Industries Corp. Singer & Mackie, Inc. Panoil Co. Smith, Barney & Co., Inc. Alexander and Baldwin Inc. American Express American Pipe & Construction Co. Anchor Corp. Class B Bangor Hydro-Electric Co. Bankamerica Corp. Beecham, Inc. Capitol International Airways, Inc. Combined Insurance Co. of America Cooper Laboratories, Inc. The Cornelius Company Dallas Airmotive Inc. Dayton Hudson Corp. The Federal Company The First Pennsylvania Banking & Trust Co. Hartford Fire Insurance Co. Heath Tecna Corp. The Hoover Co. Kearney & Trecker Corp. King Resources Co. Life Insurance Co. of Kentucky Lilly, Eli and Company Management Assistance Inc. Millipore Corp. The Mohawk Rubber Company Smith, Barney & Co., Inc. (con’t ) National Semiconductor Corp. Nielsen, A. C and Co. Class A . Ozite Corp. The Philadelphia National Bank Publishers Co., Inc. Republic National Life Ins. Co. (Tex.) The Superior Electric Co. The Ti Corp. (of California) Tampax Inc. Taylor Wine Co., Inc. Tiffany & Co. Tracor Inc. The Travelodge Corp. University Computing Co. Wisconsin Power & Light Co. Stephens, Inc. Arkansas Missouri Power Co. Arkansas Western Gas Co. Southwest Gas Producing Co. Tabor Securities Co. Franklin Life Insurance Co. Troster, Singer & Co. Panoil Co. Weeden & Co. Arden-Mayfair, Inc. Bankamerica Corporation The Bank of California, N.A. Central Vermont Public Service Corp. Crocker-Citizens National Bank The First National Bank of Boston Green Mountain Power Corporation New England Gas and Electric Public Service Co. of New Hampshire Public Service Co. of New H exico Security Pacific National Bank Shawmut Association Inc. Southern New England Telephone Co. The TI Corporation (of California) The Valley National Bank of Arizona Wells Fargo Bank, N.A. Woodard-Elwood & Company Cornelius Company International Milling 4 Supplement to L i s t o f OTC Market Makers - August 8 , 1969 Woolard & Company, Inc. Advance Ross Corporation International Milling Corporation Woolard & Company, Inc. (con't) Midas International Corporation Nationwide Corporation Texas American Oil Corporation Part II As of August 8, 1969, the following broker-dealers had ceased to make a market in the following securities. (The initial list published as of July 18, 1969, showed that such broker-dealers had commenced making a market in such securities.) Craigie Incorporated Brenco, Inc. Fidelity Corporation First Virginia Bankshares First Southwest Co. Taylor Wine Co., Inc. Variable Annuity Life Ins. Co. of America Dempsey-Tegeler & Co., Inc. Liberty Equities Corp. Frumin, Murray & Co. Diamond Crystal Salt Loeb, Rhoades & Co. Grinnell Corp. 5