FEDERAL RESERVE BANK OF NEW YORK - St. Louis Fed

FEDERAL RESERVE BANK OF NEW YORK

LIST OF OTC MARGIN STOCKS As of A pril 2, 1979

Ite r pril 2, 1979

To A ll Persons Extending Securities Credit in the Second Federal Reserre District:

Following is the text of a statem ent issued by the Board of Governors of the Federal Reserve System:

The Federal Reserve Board today [March SO] published a revised list of over-the-counter (OTC) stocks that are subject to its margin regulations, effective immediately.

The List supersedes the revised List of OTC Margin Stocks that was issued on October 2,1978. Changes that have been made in the List, which now includes 1.220 OTC stocks, are as follows:

--125 stocks have been included for the first time.

--10 stocks previously on the List have been removed for substantially failing to meet the requirements for continued listing.

--52 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 per cent) 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 per cent of the purchase price of the stock and may obtain credit for the remaining 50 per cent.

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 becomes subject on that date to the retention and withdrawal requirements 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 transaction 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.

Enclosed is a copy of the revised List of OTC Margin Stocks referred to in the above statement. Any questions regarding the OTC List may be directed to our Regulations Division (Tel. No. 212-791-5914). Additional copies of the OTC List will be furnished upon written request addressed to either the Regulations Division or to the Circulars Division of this Bank.

Digitized for FRASER Federal Reserve Bank of St. Louis

P a u l a .V o l c k e r . President.

LIST OF OTC MARGIN STOCKS AS OF

APRIL 2, 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 April 2, 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 Regulation 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 October 2, 1978, 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.

Any inquiry relating to this List or to Regulations G, T, U or X should be addressed to the nearest Federal Reserve Bank.

Digitized for FRASER Federal Reserve Bank of St. Louis

(Prepared for Purposes of Regulations G, T, U and X)

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

WASHINGTON

ADA RESOURCES, IN C. $ .1 0 p a r common

AfiL IN D U ST R IES, IN C . C la s s A, $ 1 .0 0 p a r common

A PI TRUST $ 1 .0 0 p a r sh a re s o f b e n e f ic ia l in te re s t

ASG IN D U S T R IE S , IN C . $ 1 .0 0 p a r common

A -T -O , IN C. 3 rd s e r ie s , $ .4 0 p ar cu m u lativ e c o n v e rtib le p re fe rred

AVM CORPORATION $ 1 .0 0 p a r common

ACADEMY INSURANCE GROUP, IN C . $ .1 0 p a r common

ACCELERATION CORPORATION $ 1 .0 0 p a r common

ACETO CHEMICAL C O ., IN C . $ .0 1 p a r common

ACME ELECTRIC CORPORATION $ 1 .0 0 p a r common

ADDISON-WESLEY PU B LISH IN G COMPANY, IN C . C la s s B , no p a r common

ADVANCE ROSS CORPORATION $ .1 0 p a r common

ADVANCED MICRO D E V IC E S, IN C . $ .0 1 p a r common

ADVENT CORPORATION $ .1 0 p a r common

*AEROSONIC CORPORATION $ .4 0 p a r common

A F F IL IA T E D BANKSHARES OF COLORADO, IN C . $ 5 .0 0 p a r common

AG-MET, IN C . $ .5 0 p a r common

*A IR FLORIDA SYSTEM, IN C . $ .5 0 p a r common

ALABAMA BANCORPORATION $ 1 .0 0 p a r common

*ALABAMA-TENNESSEE NATURAL GAS COMPANY $ 1 .0 0 p a r common

ALASKA INTERNATIONAL IN D U S T R IE S , IN C . $ .1 0 p a r common

ALEXANDER & ALEXANDER SERVICES INC. $ 1 .0 0 p a r common

ALEXANDER & BALDWIN, IN C. No p a r common

ALICO, IN C . $ 1 .0 0 p a r common

ALLEGHENY BEVERAGE CORPORATION $ 1 .0 0 p a r common

ALLIED BANCSHARES, IN C . $ 1 .0 0 p a r common

ALLIED TELEPHONE COMPANY $ 2 .0 0 p a r common

* ALLIED VAN L IN E S , IN C . C la s s B , no p a r common

ALLYN AND BACON, IN C . $ .5 0 p a r common

ALTON BOX BOARD COMPANY $ 5 .0 0 p a r common

AMAREX, IN C . $ 1 .0 0 p a r common

*AMBASSADOR GROUP, IN C . $ .1 0 p a r common

AMCOLE ENERGY CORPORATION No p a r common

AMERICAN APPRAISAL A SSO C IA T E S, IN C . $ 1 .0 0 p a r common

AMERICAN BANCSHARES, IN C . $ 1 .0 0 p a r common

AMERICAN BANK AND TRUST CO. OF PA . $ 5 .0 0 p ar com m o n -cap ital

AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA $ 1 .0 0 p a r common

AMERICAN BANKERS L IF E ASSURANCE COMPANY OF FLORIDA $ 1 .0 0 p a r common

AMERICAN F ID E L IT Y L IF E INSURANCE COMPANY $ 1 .0 0 p a r common

AMERICAN FILTRONA CORPORATION $ 1 .0 0 p a r common

AMERICAN FINANCIAL CORPORATION No p a r common

AMERICAN FLETCHER CORPORATION $ 5 .0 0 p a r common

AMERICAN FURNITURE COMPANY, IN C . $ 1 .0 0 p a r common

AMERICAN GREETINGS CORPORATION C la s s A, $ 1 .0 0 p a r common

AMERICAN GUARANTY FINANCIAL CORPORATION No p a r com m on

*AMERICAN HOME SH IELD CORPORATION $ .0 1 p a r common

AMERICAN INCOME L IF E INSURANCE COMPANY $ 1 .0 0 p a r common

AMERICAN INDEMNITY FINANCIAL CORPORATION $ 3 .3 3 - 1 /3 p a r common

AMERICAN INTERNATIONAL GROUP, IN C . $ 2 .5 0 p a r common

AMERICAN MICROSYSTEMS, IN C . $ 1 .0 0 p a r common

*AMERICAN MONITOR CORPORATION No p a r com m on

AMERICAN NATIONAL FINANCIAL CORPORATION $ 1 .0 0 p a r common

AMERICAN NUCLEAR CORPORATION $ .0 4 p a r common

AMERICAN P A C IF IC INTERNATIONAL IN C . $ .0 1 p a r common

AMERICAN QUASAR PETROLEUM COMPANY No p a r common

AMERICAN RE-INSURANCE COMPANY $ 1 .5 0 p ar c a p ita l

AMERICAN RESERVE CORPORATION $ 2 .0 0 p a r common

*AMERICAN RESOURCES MANAGEMENT CORPORATION $ .5 0 p a r common

AMERICAN SAVINGS & LOAN ASSOCIATION OF FLORIDA $ .5 0 p a r common

AMERICAN SECURITY CORPORATION $ 4 .0 0 p a r common

AMERICAN WELDING & MANUFACTURING COMPANY, THE No p a r com m on

AMICOR IN C . $ .0 2 p a r common

AMTERRE DEVELOPMENT IN C . $ .0 1 p a r common

ANACOMP, IN C . $ 1 .0 0 p a r common

ANADITE, IN C. No p a r common

Addition to List

-2 -

Digitized for FRASER Federal Reserve Bank of St. Louis

ANALOG DEVICES, IN C. $ .1 6 - 2 / 3 p a r common

ANALOGIC CORPORATION $ .0 5 p a r common

* ANDERSON IN D U S T R IE S , IN C . $ 1 .0 0 p a r common

ANDERSON JACOBSON, IN C . $ .1 0 p a r common

ANHEUSER-BUSCH, IN C . $ 1 .0 0 p a r common

ANTA CORPORATION $ 1 .0 0 p a r common

* APOGEE EN TER PR ISES, IN C . $ .3 3 - 1 /3 p a r common

APPLEBAUMS' FOOD MARKETS, IN C . $ 1 .0 0 p a r common

APPLIED MATERIALS, IN C . $ .0 1 p a r common

ARDEN GROUP, IN C . $ .2 5 p a r common

ARGO PETROLEUM CORPORATION $ .1 0 p a r common

ARGONAUT ENERGY CORPORATION No p a r com m on

ARIZONA BANK, THE $ 2 .5 0 p a r common

ARKANSAS WESTERN GAS COMPANY $ 2 .5 0 p a r common

ASSOCIATED COCA-COLA BOTTLING COMPANY, IN C . $ .5 0 p a r common

ASSOCIATED HOSTS, IN C . $ .1 0 p a r common

ASSOCIATED MADISON COMPANIES, IN C . $ .4 0 p a r common

ATHLONE IN D U S T R IE S , IN C . 5 .7 1 4 2 c o n v e r tib le su b o rd in a te d d eb en tu res

ATLANTA GAS LIGHT COMPANY $ 5 .0 0 p a r common

ATLANTIC AMERICAN CORPORATION $ 1 .0 0 p a r common

ATLANTIC BANCORPORATION $ 1 .0 0 p a r common

ATLANTIC PE PSI-C O L A BOTTLING COMPANY, IN C . $ .2 5 p a r common

ATLANTIC STEEL COMPANY $ 5 .0 0 p a r common

Addition to List Digitized for FRASER Federal Reserve Bank of St. Louis

ATWOOD OCEANICS, IN C. $ 1 .0 0 p a r common

*AUTOMATED MEDICAL LABORATORIES, IN C . $ .0 1 p a r common

AUTOTROL CORPORATION $ .1 0 p a r common

AZTEC MANUFACTURING COMPANY $ 1 .0 0 p a r common

BBDO INTERNATIONAL, IN C . $ .1 0 p a r common

* B - 0 - P CORPORATION $ 5 .0 0 p a r common

BAIRD & WARNER MORTGAGE AND REALTY INVESTORS No p a r s h a r e s o f b e n e f i c i a l in te re s t

BAIRD CORPORATION $ 1 .0 0 p a r common

BAKER B R O S ., IN C . $ .1 0 p a r common

BAKER, FENTRESS & COMPANY $ 1 .0 0 p a r common

BALDWIN & LYONS, IN C . No p a r common

BANCO DE PONCE $ 5 .0 0 p a r common

BANCO POPULAR DE PUERTO RICO $ 1 0 .0 0 p a r common

BANCOHIO CORPORATION $ 6 .6 6 - 2 /3 p a r common

BANCOKLAHOMA CORPORATION $ 4 .0 0 p a r common

BANCSHARES OF NEW JERSEY $ 5 .0 0 p a r common

BANGOR HYDRO-ELECTRIC COMPANY $ 5 .0 0 p a r common

BANK BUILDING & EQUIPMENT CORPORATION OF AMERICA $ 1 .3 3 - 1 /3 p a r common

BANK OF DELAWARE $ 1 0 .0 0 p a r common

BANK OF THE COMMONWEALTH $ .5 0 p a r common

BANKAMERICA REALTY INVESTORS $ 1 .0 0 p ar sh a re s o f b e n e f ic ia l in te re s t

BANKERS SECURITY L IF E INSURANCE SOCIETY $ 2 .0 0 p a r common

-3 -

BANKERS TRUST OF SOUTH CAROLINA $ 1 0 .0 0 p a r common

BANKS OF IOWA, IN C . No p a r com m on, $ 2 .5 0 s t a t e d v alu e

BANTA, GEORGE COMPANY, IN C . $ .1 0 p a r common

BARBER-GREENE COMPANY $ 5 .0 0 p a r common

BARDEN CORPORATION, THE $ 1 .0 0 p a r common

BARNES MORTGAGE INVESTMENT TRUST No p a r s h a r e s o f b e n e f i c i a l in te re st

BARNETT BANKS OF FLO RIDA , IN C . $ 2 .0 0 p a r common

* B A R R IS , CHUCK PRODUCTIONS, IN C . $ .5 0 p a r common

BASIC EARTH SCIENCE SYSTEMS, IN C . $ .1 0 p a r common

BASIC RESOURCES CORPORATION $ .0 5 p a r common

BASSETT FURNITURE IN D U STRIES, IN C . $ 5 .0 0 p a r common

BAYBANKS, IN C . $ 7 .5 0 p a r common

BAYLESS, A. J . MARKETS, IN C . $ 1 .0 0 p a r common

BEAR CREEK CORPORATION $ .1 0 p a r common

BEARD O IL COMPANY $ .1 0 p a r common

BEEHIVE INTERNATIONAL $ .0 2 p a r common

BEELINE, INC. $ .1 0 p a r common

BEKINS COMPANY, THE No p a r common

BELKNAP, IN C. No p a r com m on

B EN EFIC IA L NATIONAL CORPORATION $ .2 5 p a r common

BENTLEY LABORATORIES, IN C . $ .1 0 p a r common

BERKLEY, W. R . CORPORATION $ .2 0 p a r common

*BERKLINE CORPORATION, THE $ 1 .0 0 p a r common

BETZ LABORATORIES, IN C. $ .1 0 p a r common

BEVERAGE MANAGEMENT, IN C. $ .1 0 p a r common

B IB B COMPANY, THE No p a r com m on

B IG DRUM, IN C . No p a r common

B IL L IN G S ENERGY CORPORATION $ .0 1 p a r common

BILLY THE K ID , IN C . $ .1 0 p a r common

BIRD & SON, IN C . No p a r common

BITCO CORPORATION $ 1 .0 0 p a r common

BLACK H IL LS POWER AND LIGHT COMPANY $ 1 .0 0 p a r common

BLOCK DRUG COMPANY, IN C . C la s s A, $ .1 0 p a r common

BLUE C H IP STAMPS $ 1 .0 0 p a r common

BLUEFIELD SUPPLY COMPANY $ 2 .0 0 p a r common

BOATMEN'S BANCSHARES, IN C . $ 1 0 .0 0 p a r common

BOB EVANS FARMS, IN C . No p a r com m on

BOHEMIA IN C . No p a r common

BONANZA INTERNATIONAL, IN C . No p a r com m on

*BOND IN D U ST R IES, IN C . $ 1 .0 0 p a r common

BOOTHE FINANCIAL CORPORATION $ 1 .0 0 p a r common

BOSTON COMPANY, THE C la s s B , $ 1 .0 0 p a r common

BOWLINE CORPORATION $ .0 2 p a r common

BRASS-CRAFT MANUFACTURING COMPANY $ 1 .0 0 p a r common

BRENCO, IN C . $ 1 .0 0 p a r common

*BRENNAND-PAIGE IN D U STRIES, IN C . $ .1 0 p a r common

BROADVIEW FINA N CIA L CORPORATION No p a r common

BROOKS FASHION ST O R E S, IN C . $ .1 0 p a r common

BROOKS-SCANLON, IN C . $ 1 .0 0 p a r common

BRUNO'S, IN C . $ .2 5 p a r common

BUCKBEE-MEARS COMPANY $ .1 0 p a r common

BUCKEYE FEDERAL SAVINGS & LOAN ASSOCIATION $ .0 5 p a r common

BUCKEYE INTERNATIONAL, IN C . No p a r com m on

BURNUP & SIMS IN C . $ .1 0 p a r common

B U SIN ESS M EN 'S ASSURANCE COMPANY OF AMERICA $ 2 .0 0 p a r common

BUTLER MANUFACTURING COMPANY No p a r common

CBT CORPORATION $ 1 0 .0 0 p a r common

CFS CONTINENTAL, IN C . $ 1 .0 0 p a r common

C L ASSETS, INC. $ 1 .0 0 p ar cu m u la tiv e p re fe rre d

CPT CORPORATION $ .0 5 p a r common

CAFETERIAS, IN C . $ .3 2 p a r common

CAL-MAINE FOODS, IN C . $ 1 .0 0 p a r common

C A LIFORN IA F IR S T BANK $ 5 .0 0 p a r common

C A LIFORN IA MICROWAVE, IN C . $ .2 5 p a r common

CA LIFO R N IA WATER SERVICE COMPANY $ 1 2 .5 0 p a r common

CALLON PETROLEUM COMPANY $ .3 3 - 1 /3 p a r common

*CAMBRIDGE MEMORIES, IN C . $ .1 0 p a r common

CAME RON IRON WORKS, IN C . $ .6 2 - 1 / 2 p a r common

*CAMPANELLI INDUSTRIES, IN C . $ .0 1 p a r common

CANANDAIGUA WINE COMPANY, IN C . $ .0 1 p a r common

CA PITA L SOUTHWEST CORPORATION $ 1 .0 0 p a r common

CARBOLINE COMPANY $ 1 .0 0 p a r common

Addition to List Digitized for FRASER Federal Reserve Bank of St. Louis

CEDAR POINT, IN C . $ 1 .0 0 p a r common

*C ?LIN A FINANCIAL CORPORATION C la s s A, $ 1 .0 0 p a r common

CENCOR, IN C . $ 1 .0 0 p ar cu m u la tiv e p re fe rre d

CENTRAL BANCORPORATION, I N C ., THE $ 5 .0 0 p a r common

CENTRAL BANCSHARES OF THE SOUTH, IN C. $ 2 .0 0 p a r common

CENTRAL BANKING SYSTEM, IN C . $ 2 .5 0 p a r c a p i ta l

CENTRAL CAROLINA BANK & TRUST COMPANY $ 5 .0 0 p a r common

CENTRAL JER SEY BANK AND TRUST COMPANY, THE $ 2 .5 0 p a r c a p i ta l

CENTRAL MORTGAGE AND REALTY TRUST $ 1 .0 0 p a r s h a re s o f b e n e f ic ia l in te re s t

CENTRAL NATIONAL BANCSHARES, IN C . $ 1 .0 0 p a r common

CENTRAL PENN NATIONAL CORPORATION $ 1 .0 0 p a r common

CENTRAL VERMONT PU BLIC SERVICE CORPORATION $ 6 .0 0 p a r common

CENTRAN CORPORATION $ 8 .0 0 p a r common

CENTURY BANKS, IN C . $ 1 .0 0 p a r common

CENTURY 21 REAL ESTATE CORPORATION $ .0 1 p a r common

CHAMBERLAIN MANUFACTURING CORPORATION $ 2 .5 0 p a r common

CHAMPION PARTS R EB U ILD ERS, IN C . $ .1 0 p a r common

CHAMPION PRODUCTS IN C . $ 1 .0 0 p a r common

CHARLES RIVER BREEDING LABORATORIES, I N C . , THE $ 1 .0 0 p a r common

CHARMING SH O PPES, IN C . $ .1 0 p a r common

CHART HOUSE IN C . No p a r com m on

CHATHAM MANUFACTURING COMPANY $ 1 .0 0 p a r common

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