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7/25/24, 9:38 AM FRB: Press Release -- Publication of revised list of OTC stocks and foreign equity securities meeting Regulation T margin criteria -- … Release Date: October 23, 1998 The Federal Reserve Board today published the last revised list of over-the-counter (OTC) stocks that meet the margin criteria in Regulation T (OTC List). Also published today is a revised list of foreign equity securities that meet the margin criteria in Regulation T (Foreign List). The Lists are effective November 9, 1998, and supersede the previous Lists published effective August 10, 1998. The changes that have been made to the revised OTC List, which now contains 4,745 OTC stocks, are as follows: 93 stocks have been included for the first time, 75 under National Market System (NMS) designation; 73 stocks previously on the List have been removed for substantially failing to meet the requirements for continued listing; 114 stocks have been removed for reasons such as listing on a national securities exchange or involvement in an acquisition. The OTC List will expire on January 1, 1999. After January 1, 1999, all stocks trading in the Nasdaq Stock Market will be marginable at brokers and dealers. The Foreign List is composed of certain foreign equity securities that have been found to meet the criteria in section 220.11 of Regulation T. Effective April 1, 1998, foreign stocks that have a "ready market" for purposes of the Securities and Exchange Commission's (SEC) net capital rule are also eligible for margin treatment at broker-dealers. The SEC effectively treats all stocks included on the Financial Times/Standard & Poor's Actuaries World Indices as having a "ready market" for capital purposes. The revised Foreign List now contains 91 stocks displayed in country order. There were three deletions and no additions. It is unlawful for any person to cause any representation to be made that inclusion of a stock on the OTC List or the Foreign List indicates that the Board or the SEC has in any way passed upon the merits of any such stock or transaction therein. Any references to the Board in connection with these Lists or any stocks thereon in any advertisement or similar communications is unlawful. Summary only Changes to Marginable OTC and Foreign Lists (23 KB PDF) Marginable OTC and Foreign Margin Stocks (133 KB PDF) Marginable OTC and Foreign Margin Stocks (273 KB ASCII) Marginable OTC Stocks only (134 KB PDF) Foreign Margin Stocks only (134 KB PDF) 1998 Banking and consumer regulatory policy Home | News and events Accessibility Last update: October 26, 1998, 3:00 PM https://www.federalreserve.gov/boarddocs/press/general/1998/19981023/ 1/1