Revised List of OTC Margin Stocks, Circular No. 79-180

Federal Reserve Bank of Dallas DALLAS, TEXAS 75222 Circular No. 79-180 November 7, 1979 REVISED LIST OF OTC MARCIN STOCKS TO ALL BANKS, BROKERS/DEALERS, REGULATION C REGISTRANTS, AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The Board of Governors of the Federal Reserve System has published a revised list of the over-the-counter (OTC) stocks that are subject to its margin regulations effective October 1, 1979. The list supersedes the revised List of OTC Margin Stocks that was issued on April 2 , 1979. Changes that have been made in the list, which now includes 1,229 OTC stocks, areas follows: - 78 stocks have been included for the first time. - 12 stocks previously on the list have been removed for substantially failing to meet the requirements for con tinued listing. - 57 stocks have been removed for reasons such as listing on a national securities exchange or the companies were acquired by another firm. The Board monitors the market activity of all OTC stocks to determine which stocks meet the requirements for inclusion and continued inclusion on the List of OTC Margin Stocks, and periodically revises the list. Margin regulations generally limit the amount of credit a person or firm may obtain to buy, or carry, securities. Stocks on the List of OTC Margin Stocks are subject to the same margin requirements (currently 50 percent) as stocks listed on national stock exchanges. This means a person or firm buying a stock on credit must make a down payment equal to at least 50 percent of the purchase price of the stock and may obtain credit for the remaining 50 percent. Margin requirements on OTC stocks apply only to credit extended on the date the stock becomes an OTC margin stock and thereafter. Credit extended by banks to purchase or carry OTC stocks before they appeared on the list be comes subject on the date to the retention and withdrawal requirements of the Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]) - 2 - of the Board's margin Regulation U if the credit is collateralized by any stock. Such credit previously extended by lenders subject to Regulation G (which governs securities credit by persons other than banks, brokers, or dealers) becomes subject to retention and withdrawal requirements if collateralized by "margin securities." 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 any trans action therein. Any references to the Board in connection with the list or any securities thereon in any advertisement or similar communication is unlawful. The list is published by the Board for the information of lenders and the general public. Any questions regarding this matter may be directed to the Consumer Affairs Section of our Bank Supervision and Regulations Department, Ext. 6171. Sincerely yours, Robert H. Boykin First Vice President Enclosure LIST OF OTC MARGIN STOCKS AS OF OCTOBER 1, 1979 This List of OTC Margin Stocks is comprised of stocks traded over-the-counter (OTC) that have been determined by the Board of Governors of the Federal Reserve System to be subject to margin requirements as of October 1, 1979, pursuant to Sections 207.2(f) of Federal Reserve Regulation G, "Securities Credit by Persons other than Banks, Brokers, or Dealers," 220.2(e) of Regulation T, "Credit by Brokers and Dealers," and 221.3(d) of Regu lation U, "Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks.'' The List is published from time to time by the Board as a guide for lenders subject to the regulations and the general public. Stocks will be added to the List, or deleted, in the interim between publications as deemed appropriate by the Board. This List supersedes the previous List of OTC Margin Stocks published as of April 2, 1979, including changes thereto. 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 refer ences to the Board in connection with this List or any securities thereon in an advertisement or similar communication is unlawful. A ny 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 AEL INDUSTRIES, INC. ALABAMA-TENNESSEE NATURAL AMERICAN FLETCHER CORPORATION C lass A, $ 1 ,0 0 par craiiron GAS COMPANY $ 5 ,0 0 par common $1 ,00 par common *AES TECHNOLOGY SYSTEMS, INC. AMERICAN FURNITURE COMPANY, INC. $ .0 1 par common ALASKA INTERNATIONAL INDUSTRIES, $ 1 ,0 0 p ar common INC. API TRUST $ .1 0 par common AMERICAN GREETINGS CORPORATION $1.00 par shares of beneficial C la ss A, $ 1 .0 0 par common in te r e s t ALEXANDER & ALEXANDER SERVICES INC $ 1 .0 0 p ar common AMERICAN GUARANTY FINANCIAL ASG INDUSTRIES, INC. CORPORATION $ 1 .0 0 par common ALEXANDER & BALDWIN, INC. No par common No par common A -T-0, INC. AMERICAN HOME SHIELD CORPORATION 3rd series, $.40 par cumulative ALICO, INC. $ .0 1 par common convertible preferred $ 1 .0 0 p ar common AMERICAN INCOME LIFE INSURANCE AVM CORPORATION ALLEGHENY BEVERAGE CORPORATION COMPANY $ 1 .0 0 par common $ 1 ,0 0 par common $ 1 .0 0 par common ACADEMY INSURANCE GROUP, INC. ALLIED BANCSHARES, INC. AMERICAN INDEMNITY FINANCIAL $ .1 0 par ccrnncn $ 1 .0 0 p ar common CORPORATION $ 3 .3 3 - 1 / 3 p ar common ACCELERATION CORPORATION ALLIED TELEPHONE COMPANY $.10 par comnon $ 2 .0 0 par common AMERICAN INTERNATIONAL GROUP, INC. $ 2 .5 0 par common ACCURAY CORPORATION ALLIED VAN LINES, INC. $ 1 .0 0 par common C la ss B, no par common AMERICAN MICROSYSTEMS, INC. $ 1 .0 0 par common ACETO CHEMICAL CO., INC. ALLYN AND BACON, INC. $.01 par common $ .5 0 par common AMERICAN MONITOR CORPORATION No par common ACME ELECTRIC CORPORATION ALTON BOX BOARD COMPANY $ 1 .0 0 par common $ 5 ,0 0 par common AMERICAN NATIONAL FINANCIAL CORPORATION ADAMS RESOURCES & ENERGY INC. $ 1 .0 0 par common $ .1 0 par comm>n AMAREX, INC. AMERICAN NUCLEAR CORPORATION $ 1 .0 0 p ar common ADDISON-WESLEY PUBLISHING COMPANY, $ .0 4 par common INC. AMBASSADOR GROUP, INC. C la s s B, no par common AMERICAN PACIFIC INTERNATIONAL $ .1 0 p a r ccmmon INC. ADVANCE ROSS CORPORAHON $ .0 1 p ar common AMOOLE ENERGY CORPORATION $ .1 0 par common No par common AMERICAN QUASAR PETROLEUM COMPANY ADVANCED MICRO DEVICES, INC. No par common AMERICAN APPRAISAL ASSOCIATES, INC $ .0 1 par common $1.00 par common AMERICAN RESOURCES MANAGEMENT ADVENT CORPORATION CORPORATION AMERICAN BANCSHARES, INC. $ .1 0 par ccmmon $ .5 0 par common $ 1 .0 0 par common * AD VENTURE LANDS Of AMERICA, INC. AMERICAN SECURITY CORPORATION AMERICAN BANK AND TRUST CO. No par common $ 4 .J 0 par common OF PA. $ 5 .0 0 p ar common AMERICAN WELDING & MANUFACTURING AEROSONIC CORPORATION COMPANY, THE AMERICAN BANKERS INSURANCE $ .4 0 par common No par ccmmon COMPANY OF FLORIDA $ 1 .0 0 par common AFFILIATED BANKSHARES OF COLORADO, AMICOR INC. INC. $ .0 2 p a r common $ 5 .0 0 par common AMERICAN BANKERS LIFE ASSURAtCE COMPANY OF FLORIDA AMTERRE DEVELOP!®NT INC. AG-MET, INC. $ 1 .0 0 par common $ .0 1 par common $ .5 0 par common AMERICAN FIDELITY LIFE INSURANCE ANACOMP, INC. AIR FLORIDA SYSTEM, INC. COMPANY $ 1 .0 0 p ar common $ .5 0 par common $ 1 .0 0 par common AN ADIT E, INC. AMERICAN FILTRONA CORPORATION *AIRLIFT INTERNATIONAL, INC. $ .1 0 par common $ .1 0 par common $ 1 ,0 0 par common ALABAMA BANCORPORATION AMERICAN FINANCIAL CORPORATION ANALOGIC CORPORATION $ 1 .0 0 par common No par ccmmon $ .0 5 par common * Addition to List - 2 - ANDERSON INDUSTRIES, INC. AZTEC MANUFACTURING COMPANY BARDEN CORPORATION, THE 5 1 .0 0 par ccmmon $ 1 ,0 0 par common $ 1 ,0 0 par common ANDERSON JACOBSON, INC. BBDO INTERNATIONAL, INC. BARNES MORTGAGE INVESTMENT TRUST $ .1 0 par common $ .1 0 par common No par shares of beneficial i n t e r e s t ANHEUSER-BUSCH, INC. B-O-P CORPORATION $ 1 .0 0 par com urn $ 5 .0 0 par common BARNETT BANKS OF FLORIDA, INC. $ 2 .0 0 par common ANTA CORPORATION BAIRD CORPORATION 5 1 .0 0 par common $ 1 ,0 0 par common BARRIS, CHUCK PRODUCTIONS, INC. $ .5 0 par common APOGEE ENTERPRISES, INC. BAKER BROS., INC. $.33-1/3 par ccmmon $ .1 0 p ar common BASIC EARTH SCIENCE SYSTEMS, INC, $ ,1 0 par common APPLIED MATERIALS, INC. BAKER, FENTRESS & COMPANY $.01 par ccranc'n $ 1 ,0 0 par common BASIC RESOURCES CORPORATION $ ,0 5 par common ARDEN GROUP, INC. BALDWIN & LYONS, INC. $ .2 5 par ccmmon No par common BASSETT FURNITURE INDUSTRIES, INC. ARGO PETROLEUM CORPORATION BANCO DE PONCE $ 5 .0 0 par common $.10 par comrn $ 5 ,0 0 par common BAYBANKS, INC. ARGONAUT ENERGY CORPORATION BANCO POPULAR DE PUERTO RICO $ 7 ,5 0 par common No par common $ 1 0 ,0 0 par common BAYLESS, A, J .

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