Securities credit transactions (Regulations G, T, U, and X): OTC margin stocks and foreign stocks lists,
[Federal Register: July 27, 1998 (Volume 63, Number 143)]
[Rules and Regulations]
[Page 40012-40018]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27jy98-4]
FEDERAL RESERVE SYSTEM
12 CFR Parts 220 and 224
Regulations T and X
Securities Credit Transactions; List of Marginable OTC Stocks; List of Foreign Margin Stocks
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Final rule; determination of applicability of regulations.
SUMMARY: The List of Marginable OTC Stocks (OTC List) is composed of stocks traded over-the-counter (OTC) in the United States that qualify as margin securities under Regulation T, Credit by Brokers and Dealers. The List of Foreign Margin Stocks (Foreign List) is composed of foreign equity securities that qualify as margin securities under Regulation T. The OTC List and the Foreign List are published four times a year by the Board. This document sets forth additions to and deletions from the previous OTC List and a complete edition of the Foreign List.
EFFECTIVE DATE: August 10, 1998.
FOR FURTHER INFORMATION CONTACT: Peggy Wolffrum, Securities Regulation Analyst, Division of Banking Supervision and Regulation, (202) 452- 2837, Board of Governors of the Federal Reserve System, Washington, D.C. 20551. For the hearing impaired only, contact Diane Jenkins, Telecommunications Device for the Deaf (TDD) at (202) 452-3544.
SUPPLEMENTARY INFORMATION: Listed below are the deletions from and additions to the Board's OTC List, which was last published on April 28, 1998 (63 FR 23195), and became effective May 11, 1998. A copy of the complete OTC List is available from the Federal Reserve Banks.
The OTC List includes those stocks traded over-the-counter in the United States that qualify as OTC margin stock under Regulation T (12 CFR Part 220) by meeting the requirements of section 220.11. This determination also affects the applicability of Regulation X (12 CFR Part 224). These stocks have the degree of national investor interest, the depth and breadth of market, and the availability of information respecting the stock and its issuer to warrant regulation in the same fashion as exchange-traded securities. The OTC List also includes any OTC stock designated for trading in the national market system (NMS security) under rules approved by the Securities and Exchange Commission (SEC). Additional OTC stocks may be designated as NMS securities in the interim between the Board's quarterly publications. They will become automatically marginable upon the effective date of their NMS designation. The names of these stocks are available at the SEC and at the National Association of Securities Dealers, Inc.
Pursuant to amendments recently adopted by the Board (see, 63 FR 2805, January 16, 1998), the definition of OTC margin stock in Sec. 220.2 and the eligibility criteria for these stocks in Sec. 220.11(a) and (b) will be removed from Regulation T on January 1, 1999, and broker-dealers will be permitted to extend margin credit against all equity securities listed in the Nasdaq Stock Market. Lenders subject to Regulation T and borrowers subject to Regulation X who are required under Sec. 224.3(a) to conform credit they obtain to Regulation T will use the OTC List until publication of the next OTC List, anticipated for November, 1998. The November 1998 OTC List will expire on January 1, 1999.
Also listed below is a complete edition of the Foreign List. This supercedes the previous Foreign List, which was last published on April 28, 1998, (63 FR 23195), and became effective May 11, 1998. Pursuant to amendments recently adopted by the Board that became effective for all broker-dealers on July 1, 1998 (see, 63 FR 2805, January 16, 1998), the Foreign List is composed of those foreign equity securities that qualify as margin securities because they have been found to meet the criteria in section 220.11 of Regulation T. Additional foreign equity securities qualify as margin securities if they are deemed by the Securities and Exchange Commission to have a ``ready market'' for purposes of SEC Rule 15c3-1. This includes all foreign stocks listed on the Financial Times/Standard & Poor's Actuaries World Indices. Although the Board has included these stocks on its Foreign List since 1996, the recent amendments allow broker-dealers to extend credit on such stocks without regard to the Foreign List.
Public Comment and Deferred Effective Date
The requirements of 5 U.S.C. 553 with respect to notice and public participation were not followed in connection with the issuance of this amendment due to the objective character of the criteria for inclusion and continued inclusion on the Lists specified in 12 CFR 220.17(a), (b), (c) and (d). No additional useful information would be gained by public participation. The full requirements of 5 U.S.C. 553 with respect to deferred effective date have not been followed in connection with the issuance of this amendment because the Board finds that it is in the public interest to facilitate investment and credit decisions based in whole or in part upon the composition of these Lists as soon as possible. The Board has responded to a request by the public and allowed approximately a two-week delay before the Lists are effective.
List of Subjects
Banks, Banking, Brokers, Credit, Margin, Margin requirements, Investments, National Market System (NMS Security), Reporting and recordkeeping requirements, Securities.
12 CFR Part 224
Banks, Banking, Borrowers, Credit, Margin, Margin requirements, Reporting and recordkeeping requirements, Securities.
Accordingly, pursuant to the authority of sections 7 and 23 of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78g and 78w), and in accordance with 12 CFR 220.2 and 220.11, there is set forth below a listing of deletions from and additions to the OTC List and a complete edition of the Foreign List.
Deletions From the List of Marginable OTC Stocks
Stocks Removed For Failing Continued Listing Requirements
ALTRIS SOFTWARE, INC.
No par common AMERICAN CINEMASTORES INC.
$.001 par common AMERICAN INTERNATIONAL PETROLEUM CORP.
Class A, warrants (expire 04-09-1998) AQUAGENIX INC.
$.01 par common
Warrants (expire 09-13-1999) ARIELY ADVERTISING, LIMITED
Ordinary Shares ATKINSON, GUY F., COMPANY OF CALIFORNIA
No par common AUTOINFO, INC.
$.01 par common BIOCIRCUITS CORPORATION
$.001 par common BPI PACKAGING TECHNOLOGIES, INC.
Series A, $.01 par redeemable
[[Page 40013]]
convertible preferred BUILDERS TRANSPORT, INCORPORATED
$.01 par common
8% convertible debentures due 2005 CARE GROUP, INC., THE
$.001 par common CLEAN DIESEL TECHNOLOGIES, INC.
$.05 par common CLEVETRUST REALTY INVESTORS
$1.00 par shares of beneficial interest CONSUMERS FINANCIAL CORPORATION
No par common CYGNE DESIGNS, INC.
$.01 par common DAILY JOURNAL CORPORATION
$.01 par common DATA SYSTEMS NETWORK CORPORATION
$.01 par common DATA TRANSLATION, INC.
$.01 par common EAGLE FINANCE CORP.
$.01 par common ENEX RESOURCES CORPORATION
$.05 par common EQUIMED, INC.
No par common FASTCOMM COMMUNICATIONS CORPORATION
$.01 par common FINE HOST CORPORATION
$.01 par common FIRST DYNASTY MINES LIMITED
No par common FIRST FINANCIAL BANCORP, INC. (Illinois)
$.10 par common FIRSTAR CORPORATION
American Depositary Shares GEOTEK COMMUNICATIONS INC.
$.01 par common HELP AT HOME, INC.
Warrants (expire 12-05-2000)
$.02 par common IMPCO TECHNOLOGIES, INC.
Warrants (expire 03-07-1998) INSITE VISION INCORPORATED
$.01 par common INTERNATIONAL PRECIOUS METALS CORPORATION
No par common LONDON FINANCIAL CORPORATION
No par common MANATRON, INC.
No par common NATIONAL MEDICAL FINANCIAL SERVICES CORPORATION
$.01 par common NEORX CORPORATION
Warrants (expire 04-25-1998) NITCHES, INC.
No par common NORTH AMERICAN PALLADIUM LTD.
No par common NOVAMETRIX MEDICAL SYSTEMS, INC.
Class A, warrants (expire 12-08-1997) NSA INTERNATIONAL, INC.
$.05 par common NU-TECH BIO-MED, INC.
$.01 par common PACIFIC CHEMICAL, INC.
$4.75 par common PARIS CORPORATION
$.004 par common PHOTO CONTROL CORPORATION
$.08 par common PHYSICIAN COMPUTER NETWORK, INC.
$.01 par common PROVIDENT AMERICAN CORPORATION
$1.00 par common QUESTRON TECHNOLOGY, INC.
Series B, convertible preferred RASTER GRAPHICS, INC.
$.001 par common REPUBLIC SECURITY FINANCIAL CORPORATION (Florida)
Series C, 7% par cumulative convertible preferred SCIOS INC.
Class D, warrants (expire 06-30-1998) SEARCH FINANCIAL SERVICES, INC.
$.01 par common SEMI-TECH CORPORATION
Class A, sub-voting shares SERENGETI EYEWEAR, INC.
$.001 par common
Warrants (expire 09-29-2000) SMARTSERV ONLINE, INC.
$.01 par common SMED INTERNATIONAL, INC.
No par common SOVEREIGN BANCORP, INC. (Pennsylvania)
Series B, 6\1/4\% cumulative convertible preferred STAR TECHNOLOGIES, INC.
$5.00 par common SUBMICRON SYSTEMS CORPORATION
$.0001 par common SUMITOMO BANK OF CALIFORNIA, THE
Depositary Shares SWISHER INTERNATIONAL, INC.
$.01 par common
Warrants (expire 06-30-1998) TAT TECHNOLOGIES LTD.
Ordinary shares (par NIS .15) TRANSCOR WASTE SERVICES, INC.
$.001 par common TRANSCRYPT INTERNATIONAL, INC.
$.01 par common TRANSNET CORPORATION
$.01 par common ULTRAFEM, INC.
$.001 par common V BAND CORPORATION
$.01 par common VALLEY SYSTEMS, INC.
$.01 par common VERMONT TEDDY BEAR CO., INC.
$.05 par common VIEW TECH, INC.
Warrants (expire 06-16-1998) VININGS INVESTMENT PROPERTIES TRUST
No par shares of beneficial interest WILSONS THE LEATHER EXPERTS
Warrants (expire 05-27-2000)
Stocks Removed for Listing on a National Securities Exchange or Being Involved in an Acquisition
3-D GEOPHYSICAL, INC.
$.01 par common ACC CORPORATION
$.015 par common ACCELGRAPHICS, INC.
$.001 par common ACCUGRAPH CORPORATION
Class A, No par common ALOETTE COSMETICS, INC.
No par common AMERIWOOD INDUSTRIES INTERNATIONAL CORPORATION
$1.00 par common ARTISTIC GREETINGS, INCORPORATED
$.10 par common AUTHENTIC SPECIALTY FOODS, INC.
$1.00 par common BCB FINANCIAL SERVICES CORPORATION
$2.50 par common BEVERLY BANCORPORATION, INC.
$.01 par common BOARDWALK CASINO, INC.
$.001 par common CALIFORNIA COMMUNITY BANCSHARES CORPORATION
$.10 par common CALIFORNIA STATE BANK (California)
No par common CALLON PETROLEUM COMPANY
$.01 par common
Series A, $.01 par convertible exchangeable preferred CAMERON ASHLEY BUILDING PRODUCTS, INC.
No par common CAPITAL SAVINGS BANCORP INC. (Missouri)
$.01 par common CARRIAGE SERVICES, INC.
Class A, $.01 par common CBT CORPORATION
No par common CENFED FINANCIAL CORPORATION
$.01 par common CENTURY FINANCIAL CORPORATION
$.835 par common CHARTER BANK, S.B. (Illinois)
$1.00 par common CHECKMATE ELECTRONICS, INC.
$.01 par common CHEMI-TROL CHEMICAL CO.
No par common CHICAGO MINIATURE LAMP, INC.
$.01 par common CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC.
Class A, $.01 par common
[[Page 40014]]
CITFED BANCORP, INC. (Ohio)
$.01 par common COBANCORP, INC. (Ohio)
No par common COMPANY DOCTOR, THE
$.01 par common COMPSCRIPT, INC.
$.0008 par common CONTOUR MEDICAL, INC.
$.001 par common CORCOM, INC.
No par common CORE LABORATORIES, N.V.
Ordinary shares (par NIS .03) CROSS MEDICAL PRODUCTS, INC.
$.01 par common DART GROUP CORPORATION
Class A, $1.00 par common DATAFLEX CORPORATION
No par common DEVON GROUP, INC.
$.01 par common DLB OIL & GAS, INC.
$.01 par common DONNELLEY ENTERPRISE SOLUTIONS, INCORPORATED
$.01 par common EAGLE FINANCIAL CORPORATION
$.01 par common ENVIRONMENT/ONE CORPORATION
$.10 par common ESELCO, INC.
$.01 par common FIRST AMERICAN CORPORATION
$5.00 par common FIRST COMMERCE CORPORATION
$5.00 par common FIRST SHENANGO BANCORP, INC. (Pennsylvania)
$.10 par common FIRSTBANK OF ILLINOIS CO.
$1.00 par common FOREFRONT GROUP, INC., THE
$.01 par common FP BANCORP, INC.
No par common FRANKLIN BANCORPORATION, INC.
$.10 par common GRAND PRIX ASSOCIATION OF LONG BEACH, INC.
No par common GREAT WALL ELECTRONIC INTERNATIONAL LTD.
American Depositary Receipts GRIST MILL CO.
$.10 par common HARCOR ENERGY COMPANY
$.10 par common HERITAGE BANCORP, INC. (Pennsylvania)
$5.00 par common HERITAGE FINANCIAL SERVICES, INC.
$.625 par common HOLOPHANE CORPORATION
$.01 par common HON INDUSTRIES INC.
$1.00 par common HOUSE OF FABRICS, INCORPORATED
$.01 par common IBAH, INC.
$.01 par common INDIANA COMMUNITY BANK, SB
No par common INTELLIGENT ELECTRONICS, INC.
$.01 par common INTERNATIONAL MUREX TECHNOLOGIES CORPORATION
No par common INTERNATIONAL VERIFACT, INC.
No par common INTIME SYSTEMS INTERNATIONAL, INC.
Class A, $.01 par common IPC INFORMATION SYSTEMS, INC.
$.01 par common JABIL CIRCUIT, INC.
$.01 par common JOACHIM BANCORP, INC. (Missouri)
$.01 par common LANCIT MEDIA ENTERTAINMENT, LTD.
$.001 par common LEARMONTH & BURCHETT MANAGEMENT SYSTEMS, INC.
American Depositary Receipts LOGIC WORKS, INC.
$.01 par common MASTERING, INC.
$.001 par common MEDICUS SYSTEMS CORPORATION
$.01 par common MERITRUST FEDERAL SAVINGS BANK (Louisiana)
$1.00 par common MICRONICS COMPUTERS, INC.
$.01 par common MILESTONE SCIENTIFIC, INC.
$.001 par common MONROC, INC.
$.01 par common MTL, INC.
$.01 par common NETWORK LONG DISTANCE, INC.
$.0001 par common OCWEN ASSET INVESTMENT GROUP
$.01 par common ORBITAL SCIENCES CORPORATION
$.01 par common PEOPLES FIRST CORPORATION
No par common PERPETUAL MIDWEST FINANCIAL, INC.
$.01 par common PETSEC ENERGY LTD.
American Depositary Receipts PINNACLE FINANCIAL SERVICES, INC.
$10.00 par common POUGHKEEPSIE FINANCIAL CORPORATION
$.01 par common PROSOURCE, INC.
Class A,
$.01 par common QUIKSILVER, INC.
$.01 par common REDFED BANCORP INC. (California)
$.01 par common REGAL CINEMAS, INC.
No par common REPUBLIC AUTOMOTIVE PARTS, INC.
$.50 par common REXX ENVIRONMENTAL CORPORATION
$.02 par common RYAN, BECK & CO., INC.
$.10 par common SAGE LABORATORIES, INC.
$.10 par common SCOPUS TECHNOLOGY, INC.
$.001 par common SEALRIGHT CO., INC.
$.10 par common SEARCH FINANCIAL SERVICES, INC.
$.01 par convertible preferred SFX BROADCASTING, INC.
Class A, $.01 par common
Class B, warrants (expire 03-23-1999) SHOWBIZ PIZZA TIME, INC.
$.10 par common SIGMA CIRCUITS, INC.
$.001 par common SIGNATURE RESORTS, INC.
$.01 par common SIMULATION SCIENCES, INC.
$.001 par common SOMATOGEN, INC.
$.001 par common SOURCE SERVICES CORPORATION
$.02 par common SOUTHWEST BANCSHARES, INC. (Illinois)
$.01 par common STAR GAS PARTNERS, L.P.
Shares of beneficial interest STERLING WEST BANCORP (California)
No par common SUMMIT CARE CORPORATION
No par common TICKETMASTER GROUP, INC.
No par common TRACOR, INC.
$.01 par common
Series A, warrants (expire 12-31-2001) TRESCOM INTERNATIONAL, INC.
$.01 par common TRUSTED INFORMATION SYSTEMS, INC.
$.01 par common ULTRA PAC, INC.
No par common WALSH INTERNATIONAL, INC.
$.01 par common WAVERLY, INC.
$2.00 par common WHEELS SPORTS GROUP, INC.
$.01 par common WHITE RIVER CORPORATION
$.01 par common WILLIAMS-SONOMA, INC.
No par common XLCONNECT SOLUTIONS, INC.
$.01 par common YURIE SYSTEMS, INC.
[[Page 40015]]
$.01 par common
Additions to the List of Marginable OTC Stocks
A.C.L.N. LIMITED
$.01 par ordinary shares ADAMS GOLF, INC.
$.001 par common ALBION BANC CORPORATION (New York)
$.01 par common ALLEGIANCE TELECOM, INC.
$.01 par common ALPHA INDUSTRIES, INC.
$.25 par common AMERICAN AIRCARRIERS SUPPORT, INC.
$.001 par common AMERICAN BANCORPORATION (West Virginia)
Trust preferred securities of American Bancorp Capital AMERICAN BANCSHARES, INC. (Florida)
Cumulative trust preferred
($10.00 liquidation preference) AMERICAN XTAL TECHNOLOGY, INC.
$.001 par common AMKOR TECHNOLOGY, INC.
$.001 par common AMRESCO CAPITAL TRUST
$.01 par common shares of beneficial interest ANSWERTHINK CONSULTING GROUP, INC.
$.01 par common ARCHITEL SYSTEMS CORPORATION
No par common ARIS CORPORATION
Warrants (expire 02-15-2000) ARM HOLDINGS PLC
American Depositary Shares ASPEC TECHNOLOGY, INC.
$.001 par common ASYMETRIX LEARNING SYSTEMS, INC.
$.01 par common ATG, INC.
No par common ATLANTIC DATA SERVICES, INC.
$.01 par common AZTEC TECHNOLOGY PARTNERS, INC.
$.001 par common BALANCE BAR COMPANY
$.01 par common BCSB BANKCORP
$.01 par common BEBE STORES, INC.
$.01 par common BEL FUSE, INC.
Class B, $.10 par common BLUE RHINO CORPORATION
$.001 par common BRIDGESTREET ACCOMMODATIONS, INC.
$.01 par common BRIGHTSTAR INFORMATION TECHNOLOGY GROUP, INC.
$.001 par common BRIO TECHNOLOGY, INC.
$.001 par common BROADCOM CORPORATION
Class A, $.001 par common CALIBER LEARNING NETWORK, INC.
$.01 par common CAPITAL BEVERAGE CORPORATION
$.001 par common CARREKER-ANTINORI, INC.
$.01 par common CELLNET FUNDING LLC
Preferred securities CENTRAL COAST BANCORP.
No par common CENTURY BANCORP, INC. (Massachusetts)
Trust preferred security CHARLES RIVER ASSOCIATES, INC.
No par common CHASTAIN CAPITAL CORPORATION
$.01 par common CITADEL COMMUNICATIONS CORPORATION
$.001 par common CLEVELAND INDIANS BASEBALL COMPANY, INC.
No par common CLINICHEM DEVELOPMENT, INC.
Class A, no par common COLLATERAL THERAPEUTICS, INC.
$.001 par common COLORADO BUSINESS BANCSHARES, INC.
$.01 par common COM21, INC.
$.001 par common COMBICHEM, INC.
$.001 par common CONRAD INDUSTRIES, INC.
$.01 par common COVOL TECHNOLOGIES, INC.
$.001 par common COYOTE SPORTS, INC.
$.001 par common CTI INDUSTRIES CORPORATION
No par common CUMULUS MEDIA, INC.
Class A, $.01 par common CUNNINGHAM GRAPHICS INTERNATIONAL, INC.
No par common CYBERSHOP INTERNATIONAL, INC.
$.001 par common DA CONSULTING GROUP, INC.
$.01 par common DEPOMED, INC.
No par common DOCUCORP INTERNATIONAL, INC.
$.01 par common DOREL INDUSTRIES, INC.
No par common DROVERS BANCSHARES CORPORATION
$5.00 par common DYNATEC INTERNATIONAL, INC.
$.01 par common EUROPEAN MICRO HOLDINGS, INC.
$.01 par common EVOLVING SYSTEMS, INC.
$.001 par common FFD FINANCIAL CORPORATION
No par common FIELDS AIRCRAFT SPARES, INC.
$.05 par common FINE.COM INTERNATIONAL CORPORATION
$6.50 par common FIRST BANK OF PHILADELPHIA
$2.00 par common FIRST KANSAS FINANCIAL CORPORATION
$.10 par common FIRST VIRTUAL CORPORATION
$.001 par common FLOUR CITY INTERNATIONAL, INC.
$.0001 par common FNB CORP. (Virginia)
$5.00 par common GENESIS DIRECT, INC.
$.01 par common GENTLE DENTAL SERVICE CORPORATION
No par common GILMAN & CIOCIA, INC.
Warrants (expire 09-09-1998) GLOBAL IMAGING SYSTEMS, INC.
$.01 par common GO2NET, INC.
$.01 par common GOLDEN STATE BANCORP, INC.
Litigation tracking warrants GRIFFIN LAND & NURSERIES, INC.
$.01 par common GUARANTY BANCSHARES, INC.
$1.00 par common HASTINGS ENTERTAINMENT, INC.
$.01 par common HAUPPAUGE DIGITAL, INC.
$.01 par common HEADWAY CORPORATE RESOURCES, INC.
No par common HERBALIFE INTERNATIONAL, INC.
DECS Trust III HIGH COUNTRY BANCORP, INC.
$.01 par common HINES HORTICULTURE, INC.
$.01 par common HORIZON GROUP PROPERTIES, INC.
$.01 par common HORIZON ORGANIC HOLDING CORPORATION
$.001 par common HUDSON RIVER BANCORP, INC.
$.01 par common HYPERION TELECOMMUNICATIONS, INC.
Class A, $.01 par common ICON PLC
American Depositary Shares INDUSTRIAL HOLDINGS, INC.
Series D, warrants (expire 01-14-2000) INDUSTRIAL SERVICES OF AMERICA, INC.
$.01 par common INKTOMI CORPORATION
[[Page 40016]]
$.001 par common INNOTRAC CORPORATION
$.10 par common INTERNATIONAL INTEGRATION INCORPORATED
$.01 par common INTERNATIONAL ISOTOPES, INC.
$.01 par common INTERPLAY ENTERTAINMENT CORPORATION
$.001 par common IVI CHECKMATE CORPORATION
$.01 par common JPS PACKAGING COMPANY
$.01 par common KING PHARMACEUTICALS, INC.
No par common KNIGHT/TRIMARK GROUP, INC.
Class A, $.01 par common KUALA HEALTHCARE, INC.
$.06 par common LEUKOSITE, INC.
$.01 par common LEXINGTON B & L FINANCIAL CORPORATION
$.01 par common LIBERTY BANCORP, INC.
$1.00 par common LJ INTERNATIONAL, INC.
$.01 par common
Warrants (expire 04-16-2002) LMI AEROSPACE, INC.
$.02 par common MAIN STREET BANCORP, INC.
$1.00 par common MANHATTAN ASSOCIATES, INC.
$.01 par common MARINE TRANSPORT CORPORATION
$.01 par common MARINER CAPITAL TRUST PREFERRED
$10.00 par preferred security MASON-DIXON BANCSHARES, INC. (Maryland)
$20.00 par preferred stock MASTER GRAPHICS, INC.
$.001 par common METROPOLITAN FINANCIAL CORPORATION
Trust preferred securities MGC COMMUNICATIONS, INC.
$.001 par common MICROSTRATEGY, INCORPORATED
$.001 par common MID-STATE BANCSHARES
No par common MIPS TECHNOLOGIES, INC.
$.001 par common MOBIUS MANAGEMENT SYSTEMS, INC.
$.0001 par common NATIONAL CITY BANCSHARES, INC. (Indiana)
Cumulative Trust Preferred NAVIGANT INTERNATIONAL, INC.
$.001 par common NETGRAVITY, INC.
$.001 par common NIAGARA BANCORP, INC.
$.01 par common PACALTA RESOURCES, LTD.
No par common PACIFICHEALTH LABORATORIES, INC.
$.0025 par common PALATIN TECHNOLOGIES
$.01 par common PARADIGM GEOPHYSICAL, LTD.
Ordinary shares (NIS .5 par) PBOC HOLDINGS, INC.
$.01 par common PDS FINANCIAL CORPORATION
Warrants (expire 05-04-2003) PETRO UNION, INC.
Common PHILADELPHIA CONSOLIDATED HOLDING COMPANY
Growth Prides (expire 04-29-2001)
Income Prides (expire 04-29-2001) PITTSBURGH HOME FINANCIAL CORPORATION
8.56% cumulative trust preferred PNB FINANCIAL GROUP
No par common POINT OF SALE LIMITED
Ordinary shares POINTE FINANCIAL CORPORATION
$.01 par common PROFESSIONAL DETAILING, INC.
$.01 par common PROTRAN CORPORATION
No par common PROVANT, INC.
$.01 par common PVC CONTAINER CORPORATION
$.01 par common RAINBOW RENTALS, INC.
No par common REALTY INFORMATION GROUP, INC.
$.01 par common REGENCY BANCORP
No par common RESTORATION HARDWARE, INC.
$.0001 par common ROCK FINANCIAL CORPORATION
$.01 par common SCC COMMUNICATIONS CORPORATION
$.001 par common SCHOOL SPECIALTY, INC.
$.001 par common SFX ENTERTAINMENT, INC.
Class A voting, $.01 par common SILICON VALLEY BANCSHARES, INC. (California)
Cumulative trust preferred securities SOFTWARE.NET CORPORATION
No par common SOGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
Class A, $.01 par common SOMANETICS CORPORATION
$.01 par common SOURCE INFORMATION MANAGEMENT COMPANY, THE
$.01 par common SOUTHSIDE BANCSHARES, INC.
$2.50 par common
No par cumulative trust preferred securities SQL FINANCIALS INTERNATIONAL, INC.
$.0001 par common STET HELLAS TELECOMMUNICATIONS SA
American Depositary Shares STOLT COMEX SEAWAY S.A.
American Depositary Shares SUCCESS BANCSHARES, INC. (Illinois)
8.95% cumulative trust preferred securities SVB FINANCIAL SERVICES, INC.
$2.08 par common TCI MUSIC, INC.
Class A, $.01 par common
Series A, convertible preferred TEARDROP GOLF COMPANY
$.01 par common TECHNISOURCE, INC.
$.01 par common TELESYSTEM INTERNATIONAL WIRELESS, INC.
No par common TRANS GLOBAL SERVICES, INC.
$.01 par common U.S. HOME & GARDEN, INC.
$.001 par common U.S. OFFICE PRODUCTS COMPANY
$.001 par common ULTIMATE SOFTWARE GROUP, INC.
$.01 par common UNITED COMMUNITY FINANCIAL CORPORATION
No par common UNITED PANAM FINANCIAL CORPORATION
$.01 par common UNITED ROAD SERVICES, INC.
$.001 par common UNITED TENNESSEE BANKSHARES, INC.
No par common URSUS TELECOM CORPORATION
$.01 par common US LEC CORPORATION
Class A, $.01 par common USBANCORP, INC.
Capital Trust 1 V.I. TECHNOLOGIES, INC.
$.01 par common VERIO, INC.
$.001 par common WARWICK VALLEY TELEPHONE COMPANY
No par common WASHINGTON BANKING COMPANY
No par common WASTE CONNECTIONS, INC.
$.01 par common WASTE SYSTEMS INTERNATIONAL, INC.
$.01 par common WORKFLOW MANAGEMENT, INC.
$.001 par common
Complete Foreign Margin List
Germany
GEHE AG
[[Page 40017]]
Ordinary shares, par DM 50 HOECHST AG
Ordinary shares, par DM 50
Hong Kong
PEREGRINE INVESTMENT HOLDINGS LTD.
Ordinary, par HK $0.60 SUN HUNG KAI PROPERTIES LIMITED
HK $0.50 par ordinary shares
Japan
AIWA CO., LTD.
‹yen› 50 par common AKITA BANK, LTD.
‹yen› 50 par common AOMORI BANK, LTD.
‹yen› 50 par common ASATSU INC.
‹yen› 50 par common BANDAI CO., LTD.
‹yen› 50 par common BANK OF KINKI, LTD.
‹yen› 50 par common BANK OF NAGOYA, LTD.
‹yen› 50 par common CHUDENKO CORP.
‹yen› 50 par common CHUGOKU BANK, LTD.
‹yen› 50 par common CLARION CO., LTD.
‹yen› 50 par common CREDIT SAISON CO., LTD.
‹yen› 50 par common DAIHATSU MOTOR CO., LTD.
‹yen› 50 par common DAINIPPON SCREEN MFG. CO., LTD.
‹yen› 50 par common DAIWA KOSHO LEASE CO., LTD.
‹yen› 50 par common DENKI KAGAKU KOGYO
‹yen› 50 par common EIGHTEENTH BANK, LTD.
‹yen› 50 par common FURUKAWA CO., LTD.
‹yen› 50 par common FUTABA CORP.
‹yen› 50 par common FUTABA INDUSTRIAL CO., LTD.
‹yen› 50 par common HIGO BANK, LTD.
‹yen› 50 par common HITACHI CONSTRUCTION MACHINERY CO., LTD.
‹yen› 50 par common HITACHI SOFTWARE ENGNEERING CO., LTD.
‹yen› 50 par common HITACHI TRANSPORT SYSTEM, LTD.
‹yen› 50 par common HOKKOKU BANK, LTD.
‹yen› 50 par common HOKUETSU BANK, LTD
‹yen› 50 par common HOKUETSU PAPER MILLS, LTD.
‹yen› 50 par common IYO BANK, LTD.
‹yen› 50 par common JACCS CO., LTD.
‹yen› 50 par common JAPAN AIRPORT TERMINAL CO., LTD.
‹yen› 50 par common JAPAN SECURITIES FINANCE CO., LTD.
‹yen› 50 par common JUROKU BANK, LTD
‹yen› 50 par common KAGOSHIMA BANK, LTD.
‹yen› 50 par common KAMIGUMI CO., LTD.
‹yen› 50 par common KATOKICHI CO., LTD.
‹yen› 50 par common KEISEI ELECTRIC RAILWAY CO., LTD.
‹yen› 50 par common KEIYO BANK, LTD.
‹yen› 50 par common KIYO BANK, LTD.
‹yen› 50 par common KOMORI CORP.
‹yen› 50 par common KONAMI CO., LTD.
‹yen› 50 par common KURIMOTO, LTD.
‹yen› 50 par common KYOWA EXEO CORP.
‹yen› 50 par common KYUDENKO CORP.
‹yen› 50 par common MAEDA ROAD CONSTRUCTION CO., LTD.
‹yen› 50 par common MATSUSHITA SEIKO CO., LTD.
‹yen› 50 par common MAX CO., LTD.
‹yen› 50 par common MEIDENSHA CORP.
‹yen› 50 par common MICHINOKU BANK, LTD.
‹yen› 50 par common MUSASHINO BANK, LTD.
‹yen› 500 par common NAMCO, LTD.
‹yen› 50 par common NICHICON CORP.
‹yen› 50 par common NICHIMEN CORP.
‹yen› 50 par common NIHON UNISYS, LTD.
‹yen› 50 par common NIPPON COMSYS CORP.
‹yen› 50 par common NIPPON TRUST BANK, LTD.
‹yen› 50 par common NISHI-NIPPON BANK, LTD.
‹yen› 50 par common NISHI-NIPPON RAILROAD CO., LTD.
‹yen› 50 par common NISSAN CHEMICAL INDUSTRIES, LTD.
‹yen› 50 par common NISSAN FIRE & MARINE INSURANCE CO., LTD.
‹yen› 50 par common NOF CORPORATION
‹yen› 50 par common OGAKI KYORITSU BANK, LTD.
‹yen› 50 par common Q.P. CORP.
‹yen› 50 par common RINNAI CORPORATION
‹yen› 50 par common RYOSAN CO., LTD.
‹yen› 50 par common SAGAMI RAILWAY CO., LTD.
‹yen› 50 par common SAIBU GAS CO., LTD.
‹yen› 50 par common SAKATA SEED CORP.
‹yen› 50 par common SANKI ENGINEERING CO., LTD.
‹yen› 50 par common SANTEN PHARMACEUTICAL CO., LTD.
‹yen› 50 par common SANYO SECURITIES CO., LTD.
‹yen› 50 par common SHIMADZU CORP.
‹yen› 50 par common SHIMAMURA CO., LTD.
‹yen› 50 par common SUMITOMO RUBBER INDUSTRIES, LTD.
‹yen› 50 par common SURUGA BANK, LTD.
‹yen› 50 par common TAIYO YUDEN CO., LTD.
‹yen› 50 par common TAKARA STANDARD CO., LTD.
‹yen› 50 par common TAKASAGO THERMAL ENGINEERING CO.
‹yen› 50 par common TAKUMA CO., LTD.
‹yen› 50 par common TOHO BANK, LTD.
‹yen› 50 par common TOHO GAS CO., LTD.
‹yen› 50 par common TOKYO OHKA KOGYO CO., LTD.
‹yen› 50 par common TOKYO SOWA BANK, LTD.
‹yen› 50 par common TOKYO TATEMONO CO., LTD.
‹yen› 50 par common TOKYO TOMIN BANK, LTD.
‹yen› 500 par common TOSHIBA CERAMICS CO., LTD.
‹yen› 50 par common UNI-CHARM CORP.
‹yen› 50 par common USHIO, INC.
‹yen› 50 par common YAMAHA MOTOR CO., LTD.
‹yen› 50 par common YAMANASHI CHUO BANK, LTD.
‹yen› 50 par common YODOGAWA STEEL WORKS, LTD.
‹yen› 50 par common
United Kingdom
RACAL ELECTRONICS PLC
Ordinary shares, par value 25 p
By order of the Board of Governors of the Federal Reserve System, acting by its Director of the Division of Banking Supervision and
[[Page 40018]]
Regulation pursuant to delegated authority (12 CFR 265.7(f)(10)), July 21, 1998. Jennifer J. Johnson, Secretary of the Board.
[FR Doc. 98-19947Filed7-24-98; 8:45 am]
BILLING CODE 6210-01-P
