OTC Margin List, Effective May 14, 1990, Circular No. 90-28
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F e d e r a l R e s e r v e B a n k OF DALLAS WILLIAM H. WALLACE DALLAS. TEXAS 7 5 2 2 2 FIRST VICE PRESIDENT May 10, 1990 ANO CHIEF OPERATING OFFICEF Circular 90-28 TO: The Chief Executive Officer of each member bank and others concerned in the Eleventh Federal Reserve District SUBJECT OTC Margin List, Effective as of May 14, 1990 DETAILS The Federal Reserve Board has published a revised list of over-the- counter (OTC) stocks that are subject to its margin regulations, effective on May 14, 1990. This List is published by the Board for the information of lenders and the general public. It includes all over-the-counter securities designated by the Board pursuant to its established criteria as well as all stocks designated as NMS securities for which transaction reports are required to be made pursuant to an effective transaction report plan. Additional OTC securities may be designated as NMS securities in the interim between the Board’s quarterly publications and will be immediately marginable. The next publication of the Board’s list is scheduled for August, 1990. These marginable requirements are only applicable to credit extended on OTC stocks after they are placed on the List and be extended by broker-dealers on OTC stocks not on the List or in the NMS group. Credit extended by banks and other lenders on OTC stocks not on the List or in the NMS group need only conform to the good faith lending limitation contained in Regulations G and U. Copies of this List are available by contacting the Public Affairs Department at (214) 651-6289. MORE INFORMATION For more information, please contact Jane Anne Schmoker at (214) 651-6228. For additional copies of this circular, please contact the Public Affairs Department at (214) 651-6289. Sincerely yours, For additional copies ol any circular please contact the Public A Hairs Department at (214) 651-6289. Bands and otners are encouraged to use tne following incoming WATS numDers in contacting inis Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]) LIST OF MARGINABLE OTC STOCKS AS OF MAY 14,1990 This List of Marginable OTC Stocks is published quarterly by the Board of Governors of the Federal Reserve System (the Board) as a guide for lenders subject to the regulations and for the general public. It is comprised of stocks traded over-the-counter (OTC) that have been determined by the Board to be subject to margin requirements as of May 14, 1990, pursuant to Section 207.6 of Federal Reserve Regulation G, “Securities Credit by Persons other than Banks, Brokers, or Dealers.” Section 220.17 of Regulation T, “ Credit by Brokers and Dealers,” and Section 221.7 of Regulation U, "Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks.” It also includes all stocks traded over-the- counter designated as National Market System (NMS) securities for which transaction reports are required to be made pursuant to an effective transaction reporting plan. 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 published effective February 12,1990. CAUTION: It is unlawful for any person to cause any representation to be made that inclusion of a security on this List 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 this List or any securities thereon in an advertisement or similar communication is unlawful. Any inquiry relating to this List or to Regulations G, T, U or X should be addressed to the nearest Federal Reserve Bank. (Prepared for Purposes of Regulations G, T, U and X) BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 1ST AMERICAN BANCORP INC. ADAGE, INC. AGENCY RENT-A-CAR, INC. (Massachusetts) $.10 par common $.05 par common $.10 par common ADAPTEC, INC. AGNICO-EAGLE MINES LIMITED 1ST SOURCE CORPORATION $.001 par common No par common $1.00 par common ADC TELECOMMUNICATIONS, INC. AGOURON PHARMACEUTICALS, INC. 20TH CENTURY INDUSTRIES $.20 par common No par common No par common ADDINGTON RESOURCES, INC. AIR MIDWEST, INC. 3-D SYSTEMS, INC. No par common No par common No par common ADIA SERVICES, INC. AIR WIS SERVICES, INC. 3COM CORPORATION $.25 par common $.10 par common No par common ADOBE SYSTEMS INCORPORATED AIRCOA HOSPITALITY SERVICES, INC. 50-OFF STORES, INC. No par common $.01 par common $.01 par common ADT LIMITED AIRSHIP INDUSTRIES LIMITED A&W BRANDS, INC. American Depositary Receipts American Depositary Receipts $.01 par common representing 80 ordinary shares ADTEC, INC. AARON RENTS, INC. $.01 par common AIRTRAN CORP. $1.00 par common $.01 par common ADVANCE CIRCUITS, INC ABINGTON BANCORP, INC. (Massachusetts) $.10 par common AKORN, INC. $.10 par common No par common ADVANCE ROSS CORPORATION ABRAHAM LINCOLN FEDERAL SAVINGS $.10 par common AKTIEBOLAGET SKF BANK (Pennsylvania) American Depositary Receipts $1.00 par common ADVANCED MAGNETICS, INC. (SeK 50 per share) $.01 par common ABRAMS INDUSTRIES, INC. AKZO, N.V. $1.00 par common ADVANCED MARKETING SERVICES, INC. American Depositary Receipts $.001 par common ABS INDUSTRIES, INC. *AL COPELAND ENTERPRISES, INC. No par common ADVANCED POLYMER SYSTEMS, INC. Series 1,17.5% exchangeable preferred $.01 par common ACADEMY INSURANCE GROUP, INC. ALAMEDA BANCORPORATION, INC. $.10 par common ADVANCED SEMICONDUCTOR $2.50 par common MATERIALS INTERNATIONAL N.V. ACC CORPORATION Dfls $.03 par share ALATENN RESOURCES, INC. $.015 par common $.10 par common ADVANCED TELECOMMUNICATIONS ACCEL INTERNATIONAL CORPORATION CORPORATION ALC COMMUNICATIONS CORPORATION $.10 par common $.02 par common $.01 par common ACCEPTANCE INSURANCE HOLDINGS, ADVANTA CORP. ALCIDE CORPORATION INC. $.01 par common $.01 par common $.01 par common ALDUS CORPORATION ACCLAIM ENTERTAINMENT, INC. ADVO-SYSTEM, INC. $.01 par common $.01 par common $.02 par common ALEX. BROWN INCORPORATED Class B, warrants (expire 08-31-90) AEGON N.V. $.10 par common ACETO CORPORATION American registered certificates $.01 par common representing ordinary shares, ALEXANDER & BALDWIN, INC. Dfl. 5 nominal value No par common ACMAT CORPORATION No par common AEL INDUSTRIES, INC. ALFA CORPORATION Class A, no par common Class A, $1.00 par common $1.00 par common ACME STEEL COMPANY AEP INDUSTRIES, INC. ALGOREX CORPORATION $1.00 par common $.01 par common $.01 par common ACTION AUTO RENTAL, INC. AEQUITRON MEDICAL, INC. ALICO, INC. $.01 par common $.01 par common $1.00 par common ACTION AUTO STORES, INC. AERO SYSTEMS, INC. ALL AMERICAN SEMICONDUCTOR, INC. No par common $.02 par common $.01 par common ACTION SAVINGS BANK, S.L.A. (New fAEROVOX INCORPORATED ALLCITY INSURANCE COMPANY Jersey) $1.00 par common $1.00 par common $1.00 par common AFFILIATED BANC CORPORATION ALLEGHENY & WESTERN ENERGY ACXIOM CORPORATION $.10 par common CORPORATION $.10 par common $.01 par common AFFILIATED BANKSHARES OF ADAC LABORATORIES COLORADO, INC. ALLEN ORGAN COMPANY No par common $5.00 par common Class B, $1.00 par common ‘ Addition to List under Board criteria - 1 - tAddition to List under NMS designation ALLIANCE PHARMACEUTICAL CORP. AMERICA FIRST FEDERALLY •AMERICAN INSURED MORTGAGE $.01 par common GUARANTEED MORTGAGE FUND 2 INVESTORS Warrants (expire 05-28-90) LIMITED PARTNERSHIP Depositary units of limited partnership • Exchangeable units of limited interest ALLIANT COMPUTER SYSTEMS partnership interest CORPORATION AMERICAN INTEGRITY CORPORATION $.01 par common AMERICA FIRST FINANCIAL FUND 1987 - A $.01 par common 71/«% convertible subordinated LIMITED PARTNERSHIP AMERICAN LOCKER GROUP, INC. debentures Beneficial unit certificates, representing $1.00 par common limited partnership interest ALLIED BANKSHARES, INC. (Georgia) AMERICAN MANAGEMENT SYSTEMS, INC. $1.00 par common AMERICA FIRST $.01 par common PARTICIPATING/PREFERRED EQUITY ALLIED CAPITAL CORPORATION MORTGAGE L.P. AMERICAN MEDICAL ELECTRONICS, INC. $1.00 par common Exchangeable units of limited No par common partnership ALLIED CAPITAL CORPORATION II AMERICAN MIDLAND CORPORATION $1.00 par common AMERICA FIRST TAX EXEMPT MORTGAGE $.01 par common FUND 2 L.P. ALLIED GROUP, INC. AMERICAN MOBILE SYSTEMS Beneficial Unit Certificates Representing No par common INCORPORATED Limited Partnership Interest $.01 par common ALLIED RESEARCH CORP. AMERICA FIRST TAX EXEMPT MORTGAGE $.10 par common AMERICAN MUSEUM OF HISTORICAL FUND LIMITED PARTNERSHIP DOCUMENTS, CHARTERED, THE Beneficial Unit Certificates ALLOY COMPUTER PRODUCTS, INC. $.001 par common $.01 par common AMERICA WEST AIRLINES, INC. AMERICAN NATIONAL INSURANCE $.25 par common ALLSTATE FINANCIAL CORPORATION COMPANY 7.5% convertible subordinated No par common $1.00 par common debentures AMERICAN NUCLEAR CORPORATION ALLWASTE, INC. fAMERICA’S ALL SEASON FUND, INC. $.04 par common $.01 par common $.01 par common AMERICAN NURSERY PRODUCTS, INC. ALOETTE COSMETICS, INC. fAMERICAN BANCORPORATION $.10 par common No par common No par common AMERICAN PACIFIC CORPORATION ALPHA MICROSYSTEMS AMERICAN BANKERS INSURANCE $.10 par common No par common GROUP, INC. AMERICAN PHYSICIANS SERVICE GROUP, $1.00 par common ALPHAREL, INC. INC. $.10 par common No par common AMERICAN CAPITAL AND RESEARCH CORPORATION ALPNET, INC. AMERICAN PIONEER, INC. Class A, $.01 par common No par common $1.00 par common AMERICAN CITY BUSINESS JOURNALS, AMERICAN POWER CONVERSION ALTA GOLD CO. INC. CORPORATION $1.00 par common $.01 par common $.01 par common $.01 par convertible exchangeable ALTAI, INC. preferred AMERICAN RECREATION CENTERS, INC. No par common No par common AMERICAN COLLOID COMPANY ALTERA CORPORATION $1.00 par common AMERICAN RELIANCE GROUP, INC. No par common $.01 par common AMERICAN CONSUMER PRODUCTS, INC.