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 DALLAS. TEXAS 75222 Circular No. 69-2^6 September 25, 19 LIST OF OTC MARKET MAKERS To All Banks and Others Concerned in the Eleventh Federal Reserve District: Enclosed is a copy of the list of OTC market makers pub­ lished as of September l6, 1969* The list comprises firms that have filed Form X-17A-12(l) with the Securities and Exchange Com­ mission. in order to qualify as OTC market makers under section 221.3(w) of Regulation U, and the OTC margin stocks in respect of which each has qualified. The present list includes the initial list published as of July 18, 1969, and the two supplements issued as of August 8 and August 22, 19&9, as well as additional notifications filed with the Securities and Exchange Commission by broker-dealers following issuance of the August 22 supplement and ending September 16 . Additional copies of the present list will he furnished upon request. Yours very truly, P. E. Coldwell President Enclosure (l) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]) LIST OF OTC MARKET MAKERS as of September 16, 1969 (Prepared for use by banks in connection with extensions of credit pursuant to section 221.3 (w) of Regulation U) This list of "OTC market makers" comprises firms that have filed Form X-17A-12(1), the "Notification by OTC market makers in OTC margin securities," with the Securities and Exchange Commission, and the OTC margin stocks in respect of which each such firm had filed such form as of the above date. This list supersedes the ini­ tial list published as of July 18, 1969, as well as the two supple­ ments to the list issued as of August 8 and August 22, 1969. Part I of this list represents notifications filed through September 10, 1969, in which the broker-dealer commenced making a market in an OTC margin security. Part II represents notifications filed through September 16, 1969, in which the broker-dealer ceased making a market in an OTC margin security since filing the commence­ ment notification. An addendum follows Part II and represents noti­ fications filed between September 11 and 16, inclusive, in which the broker-dealer commenced making a market, such notifications having been received following the compilation of the data contained in Part I. In determining whether a broker-dealer has filed Form X-17A- 12(1) in respect of OTC margin stock being pledged as collateral to secure credit extended pursuant to section 221.3(w) (but for this pur­ pose only), a bank may rely on the most recent issue of the list of OTC market makers in combination with any supplements thereto. A bank extending such credit must also obtain from the broker-dealer a properly executed Form F.R. U-2, and must accept such form in good faith, as defined in sections 221.3(a) and 221.3(w) of Regulation U. Copies of issues of the list and of supplements may be obtained from the Federal Reserve Bank of the district in which the head office of the bank extending such credit is situated. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON L ist of OTC Market Makers - September 10, 1969 2 Part 1 The following broker-dealers had commenced making a market in the following securities as of August 8, 1969, except as otherwise indicated. Name of Broker-Dealer Name of Security Adams & Hinckley Allen & Company (con't) Fidelity Union & Trust Company Georgia International Corporation First Merchants National Bank, Hartford Fire Insurance Co. Asbury Park Horizon Corporation Monmouth County National Bank Indiana Gas Co., Inc. National Newark & Essex Bank Iowa Southern Utilities Co. New Jersey National Bank & Trust Co. Kentucky Central Life Insurance Trust Company of New Jersey Company King Resources Company Advest Company Liberty Equities Corporation Addison-Wesley Publishing Co. Life Insurance Company of Ba ird-Atomic Inc. Kentucky Bolt, Beranek & Newman Inc. Lilly, Eli and Company Epsco Inc. Lincoln National Corporation* Jamesbury Corp. Lomas & Nettleton Kaman Corp. Class A Financial Corporation Keyes Fibre Co. Monarch Capital Corporation MPB Corp. National Semiconductor Corporation Manufacturers & Traders Trust Co. National Western Life Insurance Millipore Corp. Company Southern New England Telephone Co. Nationwide Corporation Superior Electric Company New England Gas and Electric Trico Products Corp. Association North Carolina Natural Gas Alger Investors Company Corporation Drew National Corporation Northwest Natural Gas Company (Oregon) Allen & Company Pennsylvania Gas & Water Company American Express Piedmont Natural Gas Company, American Heritage Life Ins. Co. Incorporated (Florida) Public Service Company of North American Re-Insurance Co. Carolina, Incorporated Atlanta Gas Light Company Public Service Company of New Cascade Natural Gas Corporation Hampshire Central Vermont Public Service Corp. Public Service Company of New Commonwealth Telephone Company Mexico Connecticut General Insurance Corp. The Saint Paul Companies, Inc. Cooper Laboratories, Inc. Southern Union Gas Company El Paso Electric Company Southwest Gas Corporation Florida Telephone Corporation Transcontinental Gas Pipe Line Franklin Life Insurance Company, Corporation The (Illinois) Irico Products Corporation Franklin National Bank (New York) United States Fidelity and Guaranty Gas Service Company, The Company (Maryland) List of OTC Market Makers - September 10, 1969 3 Allen & Company (con't) Bear,Stearns & Co. (con't) University Computing Company* Bolt, Beranek & Newman Washington Natural Gas Company Citizens & Southern National Bank of Georgia American Securities Corporation Combined Insurance Co. of America American Express Connecticut General Ins. American National Ins. Co. (Tex.) Crocker-National Corporation Bankamericard Corporation Eli Lilly & Co. Bank of New York, The First Bank System Inc. (Minn.) Capital Holding Corporation First National Bank of Boston Cleveland Trust Company, The First National Bank of Chicago* Franklin Fire Ins. Co., The (111.) Franklin Life Insurance Gulf Life Holding Company Government Employees Insurance Hartford Life Ins. Co. Hanover Insurance Co. Kentucky Central Life Ins. Co. Hartford Fire Insurance Co. Lilly, Eli and Company Lincoln National Corporation* Manufacturers and Traders Tr. Co. Manufacturers National Bank Monarch Capital Corp. of Detroit Republic National Life Insurance Mellon National Bank & Trust Company (Tex.) Monarch Capital Corporation State Street Bank & Trust Co. National Bank of Detroit Pabst Brewing Company Arthurs, Lestrange & Co. St. Paul Companies Pennsylvania Engineering Corp. Security Pacific National Bank Western Pennsylvania National Bank U.S. Fidelity & Guaranty University Computing Company* Atlanta Securities Corp. Variable Annuity Life Insurance Clinton Oil Co. Corp. Coastal States Life Ins. Co. Wachovia Corporation MaJor Realty Corp. Wells Fargo Bank, N.A. Scripto Inc. Becker, A. G. & Co., Inc. Baird & Co. Inc., Robert W. Carson Pirie Scott & Co. Advance Ross Corp. Cornelius Co . , The Kearney & Trecker Corp. Iowa Southern Utilities Co. Management Assistance, Inc. King Resources Company Midas International Management Assistance Inc. Corporation Class A Midas International Corp. North Central Airlines Class A Old Line Life Ins. Co. of America Oil Shale Corporation, The Western Publishing Company Ozite Corporation Wisconsin Power & Light Co. Ransburg Electro-Coating Corp. Seven-Up Company, The Baker, Watts & Co. Titan Group, Inc. Monumental Corporation Unicoa Corporation United States Fidelity & Guaranty Co . Western Publishing Co., Inc. Bear,Stearns & Co. Bishop & Co. Inc., M. H. American Express Cornelius Company, The Anheuser-Busch Inc. North Central Airlines Bankamerica Corp. Bank of New York L ist of OTC Market Makers - September 10, 1969 4 Blalack/Wells/Associates Inc. Blyth 6c Co., Inc. (con't) Anadite, Inc. Gas Service Company, The Management Assistance Inc. Girard Company, The Titan Group, Inc. Government Employees Ins. Co. Grinnell Corporation Blyth & Company, Inc. Gulf Life Holding Co. Addison-Wesley Publishing Co. Inc. Hanover Ins. Co., The Advance Ross Corporation Hartford Fire Ins. Co. Alexander and Baldwin, Inc. Hoover Company, The American District Telegraph Co. Independent Life 6c Accident Ins. American Express Co. (Fla.) American Greetings Corporation Indiana Gas Co., Inc. American Heritage Life Ins. Co. (Fla.) Iowa Southern Utilities Co. American National Ins. Co. (Tex.) Kaiser Steel Corporation American Pipe 6c Construction Co. Kearney 6c Trecker Corp. American Welding 6e Mfg. Co. King Resources Company Anadite, Inc. Liberty National Life Ins. Co. Anheuser-Busch, Incorporated (Tex.) Arden-Mayfair, Inc. Life Ins. Co. of Kentucky Arvida Corporation Lilly, Eli and Company Bankamerica Corporation Lin Broadcasting Corp. Bank of California, N.A., The Lincoln National Corp.* Betz Laboratories, Inc. Management Assistance Inc. BMA Corporation Manufacturers National Bank of Browning Arms Company Detroit Buckbee-Mears Company Mellon National Bank 6: Trust Co. California-Western States Life Monarch Capital Corporation Ins. Co. Murphy Pacific Marine Salvage Co. Capital Holding Co. National Bank of Detroit Cascade Natural Gas Corp. National City Bank of Cleveland, The Central Vermont Public Service Nationwide Corp. Corp. New England Gas 6c Electric Assoc. Citizens Utilities Company Nielsen, A. C. 6c Co. Class A Clinton Oil Company North American Life 6c Casualty Co. Combined Ins. Co. of America North Carolina Natural Gas Corp. Computer Usage Co.,