F e d e r a l r e s e r v e B a n k OF DALLAS WILLIAM H. WALLACE FIRST VICE PRESIDENT DALLAS, TEXAS 7 5 2 2 2 and chief operating officer February 4, 1988 Circular 88-12 TO: The Chief Executive Officer of all financial institutions in the Eleventh Federal Reserve D istrict SUBJECT Over-the-Counter (OTC) Margin Stocks DETAILS The Board of Governors of the Federal Reserve System has published the February 8, 1988, lis t of over-the-counter (OTC) stocks that are subject to its margin regulations. Please retain this list because the Federal Reserve Bank publishes a complete list once a year and supplements of additions to and deletions from the list quarterly. The attached lis tin g supersedes the list published as of February 10, 1987. ATTACHMENTS The new list of marginable OTC stocks effective February 8, 1988, is attached. MORE INFORMATION For further information regarding marginable OTC stock requirements, please contact Dean A. Pankonien 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 of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this 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 FEBRUARY 8, 1988 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 February 8, 1988, pur­ suant 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 Deal­ ers,” 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 mar­ ginable 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 Com­ mission. This list supersedes the previous List published effective November 10, 1987. CAUTION: It is unlawful for any person to cause any representation to be made that inclu­ sion of a security on this List indicates that the Board or the Securities and Exchange Com­ mission 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. ACUSON CORPORATION AERO SERVICES INTERNATIONAL, INC. (Massachusetts) $.0001 par common No par common $.10 par common No par convertible preferred ADAC LABORATORIES 1ST SOURCE CORPORATION No par common AERO SYSTEMS, INC. $1.00 par common $.02 par common ADAGE, INC. 202 DATA SYSTEMS, INC. $.10 par common AFFILIATED BANK CORPORATION OF $.10 par common WYOMING ADAPTEC, INC. $1.00 par common 20TH CENTURY INDUSTRIES $.001 par common AFFILIATED BANKSHARES OF No par common ADC TELECOMMUNICATIONS, INC. COLORADO, INC. $.20 par common 3CI INCORPORATED $5.00 par common $.01 par common ADDISON-WESLEY PUBLISHING AFP IMAGING CORPORATION COMPANY, INC. 3COM CORPORATION $.01 par common Class B, no par common No par common AGENCY RENT-A-CAR, INC. ADIA SERVICES, INC. $.05 par common A & W BRANDS, INC. $.25 par common $.01 par common AGNICO-EAGLE MINES LIMITED ADMAC INC. No par common A.M.E., INC. $.01 par common No par common AGOURON PHARMACEUTICALS, INC. ADOBE SYSTEMS INCORPORATED No par common AARON BROTHERS ART MARTS, INC. No par common $.01 par common AIM TELEPHONES, INC. ADTEC, INC. $.01 par common AARON RENTS, INC. $.01 par common $1.00 par common AIR CARGO EQUIPMENT CORPORATION ADVANCE CIRCUITS, INC $1.00 par common ABINGTON SAVINGS BANK $.10 par common (Massachusetts) AIR MIDWEST, INC. $.10 par common ADVANCE ROSS CORPORATION No par common $.10 par common ABRAHAM LINCOLN FEDERAL AIR WIS SERVICES, INC. SAVINGS BANK (Pennsylvania) ADVANCED COMPUTER TECHNIQUES $.10 par common $1.00 par common CORPORATION $.10 par common AIRCOA HOSPITALITY SERVICES, INC. ABRAMS INDUSTRIES, INC. $.01 par common ADVANCED GENETIC SCIENCES, INC. $1.00 par common $.01 par common AIRSHIP INDUSTRIES LIMITED ABS INDUSTRIES, INC. American Depository Receipts ADVANCED MAGNETICS, INC. No par common representing 80 ordinary shares $.01 par common AKTIEBOLAGET SKF ACADEMY INSURANCE GROUP, INC. ADVANCED MARKETING SERVICES, $.10 par common American Depository Receipts (SeK INC. 50 per share) ACC CORPORATION $.001 par common $.015 par common ALABAMA FEDERAL SAVINGS & LOAN ADVANCED POLYMER SYSTEMS, INC. ASSOCIATION ACCEL INTERNATIONAL CORPORATION $.01 par common $.01 par common $.10 par common ADVANCED SEMICONDUCTOR ALASKA BANCORPORATION MATERIALS INTERNATIONAL N.V. ACCEPTANCE INSURANCE HOLDINGS, $.01 par common Dfls $.03 par share INC. ALATENN RESOURCES, INC. $.01 par common ADVANCED TELECOMMUNICATIONS $.10 par common CORPORATION ACETO CORPORATION $.02 par common ALBANY INTERNATIONAL CORP. $.01 par common Class A, $.001 par common ADVO SYSTEM, INC. ACMAT CORPORATION $.01 par common ALC COMMUNICATIONS CORPORATION Class A, no par common $.01 par common No par common A EC, INCORPORATED $1.00 par common ALCIDE CORPORATION ACME STEEL COMPANY $.01 par common $1.00 par common AEGON N. V. American Registered Certificates ALCO HEALTH SERVICES ACTION AUTO RENTAL, INC. representing Ordinary shares, Dfl. CORPORATION $.01 par common 5 nominal value $.01 par common ACTION AUTO STORES, INC. AEL INDUSTRIES, INC. ALDUS CORPORATION No par common Class A, $1.00 par common $.01 par common ACTIVISION, INC. AEP INDUSTRIES, INC. ALEX. BROWN INCORPORATED No par common $.01 par common $.10 par common ACTMEDIA, INC. AEQUITRON MEDICAL, INC. ALEXANDER & BALDWIN, INC. $.01 par common $.01 par common No par common ‘ Addition to List under Board criteria tAddition to List under NMS designation ALFA CORPORATION ALTUS BANK, A FEDERAL SAVINGS AMERICAN CRUISE LINES, INC. $1.00 par common BANK (Alabama) $.01 par common $.01 par common ALGOREX CORPORATION AMERICAN ECOLOGY CORPORATION $.01 par common AMBASSADOR FINANCIAL GROUP, INC. $.01 par common $.01 par common ALICO, INC. AMERICAN EDUCATIONAL COMPUTER, $1.00 par common AMCAST INDUSTRIAL CORPORATION INC. No par common $.01 par common ALLCITY INSURANCE COMPANY $1.00 par common AMCOLE ENERGY CORPORATION AMERICAN FEDERAL SAVINGS AND $.01 par common LOAN ASSOCIATION OF COLORADO ALLECO INC. $.01 par common $1.00 par common AMCORE FINANCIAL, INC. 9Vi% convertible subordinated $.50 par common AMERICAN FEDERAL SAVINGS BANK debentures OF DUVAL COUNTY (Florida) AMERFORD INTERNATIONAL $1.00 par common ALLEGHENY & WESTERN ENERGY CORPORATION CORPORATION $.05 par common AMERICAN FILTRONA CORPORATION $.01 par common $1.00 par common AMERIANA SAVINGS BANK, F.S.B. ALLEN ORGAN COMPANY (Indiana) AMERICAN FIRST CORPORATION Class B, $1.00 par common $1.00 par common (Oklahoma) $1.00 par common ALLIANCE FINANCIAL CORPORATION AMERIBANC INVESTORS GROUP $10.00 par common AMERICAN GREETINGS CORPORATION $1.00 par shares of beneficial interest Class A, $1.00 par common ALLIANT COMPUTER SYSTEMS AMERIBANC, INC. CORPORATION AMERICAN HEALTH COMPANIES, INC. $5.00 par common $.01 par common $.01 par common ' 7 V*% convertible subordinated AMERICA FIRST FEDERALLY AMERICAN HEALTH SERVICES CORP. debentures GUARANTEED MORTGAGE FUND 2 $.03 par common ALLIED BANCSHARES, INC. (Texas) LIMITED PARTNERSHIP $1.00 par common Exchangeable units—limited AMERICAN HOME SHIELD partnership interest CORPORATION ALLIED BANKSHARES, INC. (Georgia) $.04 par common $1.00 par common AMERICA FIRST TAX EXEMPT MORTGAGE FUND 2 L. P. AMERICAN INCOME LIFE INSURANCE ALLIED CAPITAL CORPORATION Beneficial Unit Certificates COMPANY $1.00 par common representing limited partnership No par common interest ALLIED GROUP, INC. AMERICAN INDEMNITY FINANCIAL No par common AMERICA FIRST TAX EXEMPT CORPORATION MORTGAGE FUND LIMITED $3.33'/a par common ALLIED RESEARCH ASSOCIATES, INC. PARTNERSHIP $.10 par common Beneficial Unit Certificates AMERICAN INSURED MORTGAGE INVESTORS ’84 ALLISON’S PLACE, INC. AMERICA WEST AIRLINES, INC. Depository units of limited $.01 par common $.25 par common partnership interest ALLOY COMPUTER PRODUCTS, INC. 7.5 % convertible subordinated AMERICAN INSURED MORTGAGE $.01 par common debentures INVESTORS ’85 ALLWASTE, INC. AMERICAN BANKERS INSURANCE Depository units of limited $.01 par common GROUP, INC. partnership interest $1.00 par common ALOETTE COSMETICS, INC. AMERICAN INTEGRITY CORPORATION No par common AMERICAN CAPACITY GROUP, INC. $.01 par common $1.00 par common ALPHA 1