The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FRB: Press Release -- Revised list of OTC stocks and foreign equity secu... 1 of 2 https://www.federalreserve.gov/boarddocs/press/general/1998/1998072... List of Marginable OTC Stocks and List of Foreign Margin Stocks as of August 10, 1998 The List of Marginable OTC Stocks and the List of Foreign Margin Stocks are published quarterly by the Board of Governors of the Federal Reserve System (the Board). The List of Marginable OTC Stocks is composed of stocks traded in the United States over-the-counter (OTC) that have been determined by the Board to be OTC margin stocks subject to margin requirements as of August 10, 1998, pursuant to Section 220.11 of Regulation T, Credit by Brokers and Dealers. It also includes all OTC stocks designated as National Market System (NMS) securities. Additional NMS securities may be added in the interim between Board quarterly publications; these securities are immediately marginable upon designation as NMS securities. The names of these securities are available at the National Association of Securities Dealers, Inc. and at the Securities and Exchange Commission. This List supersedes the previous List of Marginable OTC Stocks published effective May 11, 1998. Lenders subject toRegulation T and borrowers subject to Regulation X who are required under Section 224.3(a) to conform credit they obtain to Regulation T must continue to use the OTC List until publication of the next OTC List, anticipated for November 1998. An amendment to Regulation T that will make all stocks trading in the Nasdaq Stock Market marginable at brokers and dealers will be effective January 1, 1999. The Board will cease publication of the OTC List at that time. The List of Foreign Margin Stocks is composed of foreign equity securities that have met the Board's eligibility criteria, pursuant to Regulation T, Section 220.11. These foreign equity securities are eligible for margin treatment at broker-dealers on the same basis as domestic margin securities, as are foreign equity securities that are deemed to have a "ready market" under SEC Rule 15c3-1 (17 CFR 240.15c3-1) or a "no action" position issued thereunder. This list supersedes the previous List of Foreign Margin Stocks published effective May 11, 1998. CAUTION: It is unlawful for any person to cause any representation to be made that inclusion of a security on the List of Marginable OTC Stocks or the List of Foreign Margin Stocks indicates that the Board or the Securities and Exchange Commission has in any way approved such security or transaction therein. Also, any reference to the Board in connection with these Lists or any securities thereon in an advertisement or similar communication is unlawful. 7/29/2024, 4:42 PM FRB: Press Release -- Revised list of OTC stocks and foreign equity secu... 2 of 2 https://www.federalreserve.gov/boarddocs/press/general/1998/1998072... Any inquiry relating to these Lists or to Regulations T or X should be addressed to the nearest Federal Reserve Bank. Marginable OTC and Foreign Margin Stocks (135 KB PDF) Marginable OTC and Foreign Margin Stocks (250 KB ASCII) Marginable OTC Stocks only (130 KB PDF) Foreign Margin Stocks only (9 KB PDF) 1998 Banking and consumer regulatory policy Home | News and events Accessibility Last update: July 27, 1998, 12:15 PM 7/29/2024, 4:42 PM