Federal Register / Vol. 61, No. 147 / Tuesday, July 30, 1996 / Rules and Regulations
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39556 Federal Register / Vol. 61, No. 147 / Tuesday, July 30, 1996 / Rules and Regulations 5. On page 28496, in Footnote 1, the 207, 220 and 221, respectively). This U.S.C. 553 with respect to deferred text in parentheses (xxxx 1996) should determination also affects the effective date have not been followed in read May 1996. applicability of Regulation X (12 CFR connection with the issuance of this Dated at Rockville, MD, this 3rd day of Part 224). These stocks have the degree amendment because the Board finds July, 1996. of national investor interest, the depth that it is in the public interest to For the Nuclear Regulatory Commission. and breadth of market, and the facilitate investment and credit Michael T. Lesar, availability of information respecting decisions based in whole or in part the stock and its issuer to warrant upon the composition of these Lists as Chief, Rules Review Section, Rules Review regulation in the same fashion as and Directives Branch. soon as possible. The Board has exchange-traded securities. The OTC responded to a request by the public [FR Doc. 96±19321 Filed 7±29±96; 8:45 am] List also includes any OTC stock and allowed approximately a two-week BILLING CODE 7590±01±P designated for trading in the national delay before the Lists are effective. market system (NMS security) under rules approved by the Securities and List of Subjects FEDERAL RESERVE SYSTEM Exchange Commission (SEC). 12 CFR Part 207 Additional OTC stocks may be 12 CFR Parts 207, 220, 221 and 224 Banks, Banking, Credit, Margin, designated as NMS securities in the Margin requirements, National Market [Regulations G, T, U, and X] interim between the Board's quarterly System (NMS Security), Reporting and publications. They will become Securities Credit Transactions; List of automatically marginable upon the recordkeeping requirements, Securities. Marginable OTC Stocks; List of effective date of their NMS designation. 12 CFR Part 220 Foreign Margin Stocks The names of these stocks are available Banks, Banking, Brokers, Credit, at the SEC and at the National AGENCY: Board of Governors of the Margin, Margin requirements, Association of Securities Dealers, Inc. Federal Reserve System. Investments, National Market System and will be incorporated into the ACTION: Final rule; determination of (NMS Security), Reporting and Board's next quarterly publication of the applicability of regulations. recordkeeping requirements, Securities. OTC List. SUMMARY: The List of Marginable OTC Also listed below is a complete 12 CFR Part 221 edition of the Foreign List. This Stocks (OTC List) is composed of stocks Banks, Banking, Credit, Margin, supersedes the previous Foreign List, traded over-the-counter (OTC) in the Margin requirements, National Market which was published on April 26, 1996 United States that have been determined System (NMS Security), Reporting and (61 FR 18495) and became effective May by the Board of Governors of the Federal recordkeeping requirements, Securities. Reserve System to be subject to the 13, 1996. Pursuant to an amendment to margin requirements under certain Regulation T that became effective July 12 CFR Part 224 Federal Reserve regulations. The List of 1, 1996 (see 61 FR 20386), foreign equity Banks, Banking, Borrowers, Credit, Foreign Margin Stocks (Foreign List) is securities that are deemed to have a Margin, Margin requirements, Reporting composed of foreign equity securities ``ready market'' for purposes of the and recordkeeping requirements, that have met the Board's eligibility SEC's net capital rule (17 CFR Securities. criteria under Regulation T. The OTC 240.15c3±1) are eligible for inclusion on the Board's Foreign List. The SEC has Accordingly, pursuant to the List and the Foreign List are published authority of sections 7 and 23 of the four times a year by the Board. This issued a no-action letter that effectively treats all stocks on the Financial Times/ Securities Exchange Act of 1934, as document sets forth additions to and amended (15 U.S.C. 78g and 78w), and deletions from the previous OTC List Standard & Poor's Actuaries World Indices (FT/S&P List) as having a ``ready in accordance with 12 CFR 207.2(k) and and a complete edition of the Foreign 207.6 (Regulation G), 12 CFR 220.2 and List. market'' for capital purposes and has requested comment on adopting 220.17 (Regulation T), and 12 CFR EFFECTIVE DATE: August 12, 1996. regulatory language to this effect (see 58 221.2(j) and 221.7 (Regulation U), there FOR FURTHER INFORMATION CONTACT: FR 44310). The Board is therefore is set forth below a listing of deletions Peggy Wolffrum, Securities Regulation adding to this edition of the Foreign List from and additions to the OTC List and Analyst, Division of Banking those foreign stocks on the current FT/ the complete edition of the Foreign List. Supervision and Regulation, (202) 452± S&P List that were not on the previous Deletions From the List of Marginable 2781, Board of Governors of the Federal Foreign List. The Board is also OTC Stocks Reserve System, Washington, D.C. reordering the Foreign List to display 20551. For the hearing impaired only, the stocks by country. Stocks Removed for Failing Continued contact Dorothea Thompson, Listing Requirements Telecommunications Device for the Deaf Public Comment and Deferred Effective Date ADVANCED NMR SYSTEMS, INC. (TDD) at (202) 452±3544. $.01 par common SUPPLEMENTARY INFORMATION: Listed The requirements of 5 U.S.C. 553 with Warrants (expire 08±30±2000) below are the deletions from and respect to notice and public ADVANCED PROMOTION additions to the Board's OTC List, participation were not followed in TECHNOLOGIES, INC. which was last published on April 26, connection with the issuance of this $.01 par common 1996 (61 FR 18495), and became amendment due to the objective ALPHA MICROSYSTEMS effective May 13, 1996. A copy of the character of the criteria for inclusion Warrants (expire 09±01±98) complete OTC List is available from the and continued inclusion on the Lists ANDOVER TOGS, INC. Federal Reserve Banks. specified in 12 CFR 207.6 (a) and (b), $.10 par common The OTC List includes those stocks 220.17 (a), (b), (c) and (d), and 221.7 (a) ARIEL CORPORATION traded over-the-counter in the United and (b). No additional useful Warrants (expire 01±25±2000) States that meet the criteria in information would be gained by public BIO±TECHNOLOGY GENERAL CORP. Regulations G, T and U (12 CFR Parts participation. The full requirements of 5 Warrants (expire 05±07±96) Federal Register / Vol. 61, No. 147 / Tuesday, July 30, 1996 / Rules and Regulations 39557 CANISCO RESOURCES, INC. $.0001 par common ANDROS INCORPORATED $.0025 par common Depositary Shares $.01 par common COMMUNITY BANK SHARES OF LAS VEGAS ENTERTAINMENT APRIA HEALTHCARE GROUP, INC. INDIANA NETWORK, INC. $.001 par common $.01 par common $.001 par common ARETHUSA (OFF±SHORE) LIMITED CORVITA CORPORATION LASER VIDEO NETWORK, INC. $.10 par common $.001 par common $.001 par common ARGOSY GAMING COMPANY DATAWATCH CORPORATION M.G. PRODUCTS, INC. $.01 par common Warrants (expire 05±28±96) No par common 12% convertible subordinated DISCOVERY ZONE, INC. MEDISENSE, INC. debentures $.01 par common $.01 par common ATHENA NEUROSCIENCES, INC. Liquid Yield Option Notes due 2013 MLX CORPORATION $.01 par common DMX INC. $.01 par common BALLY GAMING INTERNATIONAL, $.01 par common MOBLEY ENVIRONMENTAL INC. ECCS, INC. SERVICES, INC. $.01 par common $.01 par common Class A, $.01 par common BELL BANCORP, INC. ELECTROSOURCE, INC. NAPTO BIOTHERAPEUTICS, INC. $.01 par common $.01 par common Warrants (expire 08±01±98) BENSON FINANCIAL CORPORATION ENVIRONMENTAL SERVICES OF NORTHSTAR HEALTH SERVICES, INC. $.01 par common AMERICA, INC. $.01 par common BIG O TIRES, INC. $.02 par common PACKAGING RESEARCH $.10 par common EXCEL TECHNOLOGY, INC. CORPORATION BOSTON BANCORP Series 1, $.001 par $.01 par common $1.00 par common convertible preferred PRINS RECYCLING CORPORATION C.I.S. TECHNOLOGIES, INC. FIRST COMMERCE BANCSHARES, $.001 par common $.01 par common INC. (Nebraska) PURUS, INC. CADBURY SCHWEPPES PLC Class A, $.20 par common $.01 par common American Depositary Receipts FIRST FINANCIAL BANCORP, INC. RADIUS INC. CALIFORNIA BANCSHARES, INC. No par common No par common $2.50 par common FLUOROSCAN IMAGING SYSTEMS, RCSB FINANCIAL, INC. COMMUNITY BANKS, INC. INC. Series B, $1.00 par non-cumulative (Pennsylvania) Redeemable warrants (expire 07±11± convertible perpetual preferred $5.00 par common 99) SAM & LIBBY, INC. COMPLETE MANAGEMENT, INC. FRONTIER NATURAL GAS $.001 par common $.001 par common CORPORATION SANCTUARY WOODS MULTIMEDIA COMPLINK, LTD. 12% parconvertible preferred CORP. $.01 par common FUTUREMEDIA PUBLIC LIMITED No par common CONESTOGA BANCORP, INC. (New COMPANY SECOND BANCORP, INCORPORATED York) American Depositary Receipts Series A, no par cumulative $.01 par common Warrants (expire 08±19±96) convertible preferred CSB FINANCIAL CORPORATION GENETICS INSTITUTE, INC. STACY'S BUFFET, INC. (Virginia) Warrants (expire 05±31±96) $.01 par common $.01 par common HAMILTON FINANCIAL SERVICES Warrants (expire 11±12±98) DAIG CORPORATION CORP. THERAPEUTIC DISCOVERY $.01 par common $.01 par common CORPORATION ALZA DUAL DRILLING COMPANY HAPPINESS EXPRESS, INC. CORPORATION $.01 par common $.001 par common Units (expire 12±31±99) DURACRAFT CORPORATION HARVEY UNIVERSAL, INC. THOMSON±CSF No par common $.01 par common American Depositary Receipts E & B MARINE, INC. HORSEHEAD RESOURCE U.S. DIAGNOSTIC LABS, INC. $.001 par common DEVELOPMENT COMPANY, INC. Class A, warrants (expire 10±14±99) EDUNETICS LTD. $.01 par common VISTA 2000, INC. Ordinary Shares, NIS .06 par value INTEGRATED COMMUNICATION $.01 par common FACELIFTERS HOME SYSTEMS, INC. NETWORK, INC. Warrants (expire 10±24±98) $.01 par common $.01 par common FAIR, ISSAC AND COMPANY, INC. INTEGRATED MICRO PRODUCTS PLC Stocks Removed for Listing on a $.01 par common American Depositary Shares National Securities Exchange or Being FIRST HARRISBURG BANCOR, INC.