Marginable Over-The-Counter Stocks and Foreign Margin Stocks, Notice
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F e d e r a l R e s e r v e B a n k o f D a l l a s ROBERT D. McTEER, JR. PRESIDENT DALLAS, TEXAS AND CHIEF EXECUTIVE OFFICER 75265-5906 March 9, 1998 Notice 98-18 TO: The Chief Executive Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Marginable Over-the-Counter Stocks and Foreign Margin Stocks DETAILS The Board of Governors of the Federal Reserve System has published a revised list of over-the-counter (OTC) stocks that are subject to its margin regulations. Also published is a list of foreign margin equity securities that meet the margin criteria in Regulation T. The lists became effective February 9, 1998, and supersede the previous published lists effective Novem ber 10, 1997. Pursuant to amendments recently adopted by the Board, lenders subject to Regulation G will become subject to a revised Regulation U on April 1, 1998, and Regulation G will be removed from the Code of Federal Regulations. Also on April 1, 1998, Regulation U will be revised so that lenders other than brokers and dealers will no longer be required to apply the Board’s margin requirements to all OTC stocks on the OTC list. Instead, lenders subject to the revised Regulation U will be required to apply the Board’s margin requirements only to those OTC stocks that qualify as National Market System securities. Lenders subject to Regulation T and borrowers subject to Regulation X that 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 in May 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. For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]) ATTACHMENT A copy of the complete list of OTC and foreign market stocks is attached. MORE INFORMATION For more information, please contact Eugene Coy at (214) 922-6201. For additional copies of this Bank’s notice, contact the Public Affairs Department at (214) 922-5254. Sincerely yours, List of Marginable OTC Stocks ©ENTERTAINMENT, INC. AAVID THERMAL TECHNOLOGIES, INC. ACCOM, INC. $.01 par common $.01 par common $.001 par common 1ST BANCORP (Indiana) AB SKF ACCUGRAPH CORPORATION $1.00 par common American Depositary Receipts Class A, No par common 1ST BERGEN BANCORP ABACAN RESOURCE CORPORATION ACCUMED INTERNATIONAL, INC. No par common No par common No par common 1ST SOURCE CORPORATION ABACUS DIRECT CORPORATION ACE CASH EXPRESS, INC. $1.00 par common $.001 par common $.01 par common Fixed rate cumulative trust preferred securities of 1st Source Capital ABAXIS, INC. ACE'COMM CORPORATION Floating rate cumulative trust preferred No par common $.01 par common securities of 1st Source ABC BANCORP (Georgia) ACETO CORPORATION 3-D GEOPHYSICAL, INC. $1.00 par common $.01 par common $.01 par common ABC DISPENSING TECHNOLOGIES, INC. ACMAT CORPORATION 3-D SYSTEMS CORPORATION $.01 par common Class A, no par common $.001 par common ABC RAIL PRODUCTS CORPORATION ACORN PRODUCTS, INC. 3COM CORPORATION $.01 par common $.001 par common No par common ABER RESOURCES LTD. ACRES GAMING INCORPORATED 3D LABS INC. LIMITED No par common $.01 par common $.01 par common ABIGAIL ADAMS NATIONAL BANCORP, INC. ACRODYNE COMMUNICATIONS, INC. 3DFX INTERACTIVE, INC. $.01 par common $.01 par common No par common ABINGTON BANCORP, INC. (Massachusetts) ACT MANUFACTURING, INC. 3DO COMPANY, THE $.10 par common $.01 par common $.01 par common ABIOMED, INC. ACT NETWORKS, INC. 3DX TECHNOLOGIES, INC. $.01 par common $.01 par common $.01 par common ABLE TELCOM HOLDING CORPORATION •ACTTELECONFERENCING, INC. 4 KIDS ENTERTAINMENT, INC. $.001 par common No par common $.01 par common ABR INFORMATION SERVICES INC. ACTEL CORPORATION 4FRONT TECHNOLOGIES, INC. $.01 par common $.001 par common No par common ABRAMS INDUSTRIES, INC. ACTION PERFORMANCE COMPANIES, INC. 4HEALTH, INC. $1.00 par common $.01 par common $.01 par common Warrants (expire 01-15-1998) ABRAXAS PETROLEUM CORPORATION ACTIVE APPAREL GROUP, INC. $.002 par common 7TH LEVEL, INC. $.01 par common $.01 par common ABT BUILDING PRODUCTS CORPORATION ACTIVE VOICE CORPORATION 800-JR CIGAR, INC. $.01 par common No par common $.01 par common ACACIA RESEARCH CORPORATION ACTIVISION, INC. 8X8, INC. No par common $.0001 par common $.001 par common ACC CORPORATION ACTRADE INTERNATIONAL, LTD. A B ELECTROLUX $.015 par common $.001 par common Class B, American Depositary Receipts ACCEL INTERNATIONAL CORPORATION ACXIOM CORPORATION A.C. MOORE ARTS & CRAFTS, INC. $.10 par common $.10 par common No par common ACCELGRAPHICS, INC. ADAC LABORATORIES A.D.A.M. SOFTWARE, INC. $.001 par common No par common $.01 par common ACCELR8 TECHNOLOGY CORPORATION ADAGE, INC. A.S.V., INC. No par common $.60 par common $.01 par common ACCENT COLOR SCIENCES, INC. ADAPTEC, INC. AAON, INC. No par common $.001 par common $.001 par common ACCENT SOFTWARE INTERNATIONAL ADAPTIVE SOLUTIONS, INC. AARON RENTS, INC. Ordinary shares (par NIS .01) No par common $.50 par common $1.00 par common ACCESS ANYTIME BANCORP, INC. ADC TELECOMMUNICATIONS, INC. $.01 par common $.20 par common AASCHE TRANSPORTATION SERVICES, INC. $.0001 par common ACCESS HEALTH, INC. ADE CORPORATION Warrants (expire 02-09-2000) $.001 par common $.01 par common AASTROM BIOSCIENCES, INC. ACCLAIM ENTERTAINMENT, INC. ADECCO S.A. No par common $.02 par common American Depositary Receipts 'Addition to List under Board criteria tAddition to List under NMS designation ADELPHIA COMMUNICATIONS CORPORATION AER ENERGY RESOURCES, INC. A LARIS MEDICAL, INC. Class A, $.01 par common No par common $.01 par common ADEPT TECHNOLOGY, INC. AERIAL COMMUNICATIONS, INC. ALBANK FINANCIAL CORPORATION No par common $1.00 par common $.01 par common AD FLEX SOLUTIONS, INC. AEROVOX INCORPORATED ALCIDE CORPORATION $.01 par common $1.00 par common $.01 par common ADOBE SYSTEMS INCORPORATED AES CORPORATION, THE ALDILA, INC. No par common Warrants expire 2001 $.01 par common ADTRAN, INC. AETRIUM INCORPORATED ALEXANDER & BALDWIN, INC. $.01 par common $.001 par common No par common ADVANCE PARADIGM, INC. AFC CABLE SYSTEMS, INC. ALEXION PHARMACEUTICALS, INC. $.01 par common $.01 par common $.0001 par common ALFA CORPORATION ADVANCED AERODYNAMICS & STRUCTURES, AFFILIATED COMMUNITY BANCORP, INC. $1.00 par common INC. $.01 par common $.0001 par common ALFACELL CORPORATION Class A, warrants (expire 12-03-2001) AFFINITY TECHNOLOGY GROUP, INC. $.001 par common Class B, warrants (expire 12-03-2001) $.0001 par common ALGOMA STEEL, INC. ADVANCED COMMUNICATION SYSTEMS, INC. AFFINITY TELEPRODUCTIONS, INC. No par common $.01 par common $.01 par common ADVANCED DEPOSITION TECHNOLOGIES, INC. ALGOS PHARMACEUTICAL CORPORATION AFFYMETRIX, INC. $.01 par common $.01 par common No par common ADVANCED DIGITAL INFORMATION ALIANT COMMUNICATIONS, INC. AFSALA BANCORP, INC. (New York) $.25 par common CORPORATION $.01 par common No par common ALICO, INC. AFTERMARKET TECHNOLOGY CORPORATION ADVANCED ELECTRONIC SUPPORT $1.00 par common $.01 par common PRODUCTS, INC. ALIGN-RITE INTERNATIONAL, INC. $.001 par common AG ASSOCIATES, INC. $.01 par common No par common ADVANCED ENERGY INDUSTRIES, INC. ALKERMES, INC. $.001 par common AG-CHEM EQUIPMENT CO., INC. $.01 par common $.01 par common ADVANCED FIBRE COMMUNICATIONS ALL AMERICAN SEMICONDUCTOR, INC. $.01 par common AGOURON PHARMACEUTICALS, INC. $.01 par common ADVANCED HEALTH CORPORATION No par common ALLCITY INSURANCE COMPANY $.01 par common AGRI-NUTRITION GROUP LIMITED $1.00 par common ADVANCED LIGHTING TECHNOLOGIES, INC. $.01 par common ALLEGIANT BANCORP, INC. $.001 par common AGRIBIOTECH, INC. $.01 par common $.001 par common ADVANCED MARKETING SERVICES, INC. ALLEN ORGAN COMPANY $.001 par common AHL SERVICES, INC. Class B, $ 1.00 par common ADVANCED POLYMER SYSTEMS, INC. $.01 par common ALLIANCE BANCORP, INC. $.01 par common AIR CANADA CORPORATION $.01 par common Class A, non-voting par common ADVANCED RADIO TELECOM CORPORATION ALLIANCE COMMUNICATIONS CORPORATION $.001 par common AIR EXPRESS INTERNATIONAL CORPORATION Class B, non-voting, no par common $.01 par common ADVANCED TISSUE SCIENCES, INC. ALLIANCE GAMING CORPORATION $.01 par common AIR METHODS CORPORATION $.10 par common $.06 par common ADVANTA CORP. ALLIANCE PHARMACEUTICAL CORP. Class A, $.01 par common $.01 par common Class B, non-voting, $.01 par common AIRPORT SYSTEMS INTERNATIONAL, INC. Depositary Shares $.01 par common ALLIANCE SEMICONDUCTOR CORPORATION $.01 par common ADVANTAGE BANCORP, INC. (Wisconsin) AIRTRAN HOLDINGS, INC. $.01 par common $.01 par common ALLIED CAPITAL CORPORATION $.0001 par common ADVANTAGE LEARNING SYSTEMS, INC. AJAY SPORTS, INC. $.01 par common Series C, 10% par cumulative convertible ALLIED HEALTHCARE PRODUCTS, INC. preferred $.01 par common ADVANTICA RESTAURANT GROUP, INC. t $.01 par common AKORN, INC. ALLIED HOLDINGS INC. t Warrants (expire 01-07-2005) No par common No par common ADVENT SOFTWARE, INC. AKSYS, LTD. ALLIED LIFE FINANCIAL CORPORATION $.01 par common $.01 par common No par common AEGIS CONSUMER FUNDING GROUP, THE AKZO NOBEL N.V. ALLIED WASTE INDUSTRIES, INC. $.01 par common American Depositary Receipts $.01 par common AEHR TEST SYSTEMS ALABAMA NATIONAL BANCORPORATION ALLIN COMMUNICATIONS CORPORATION $.01 par common $1.00 par common $.01 par common AEP INDUSTRIES, INC. ALADDIN KNOWLEDGE SYSTEMS LTD. ALLSTAR SYSTEMS, INC. $.01 par common Ordinary shares (par NIS .01) $.01 par common •Addition to List under Board criteria __ 2— fAddition to List under NMS designation ALLSTATE FINANCIAL CORPORATION AMERICA FIRST APARTMENT INVESTORS AMERICAN HEALTHCHOICE, INC.