[Federal Register Volume 59, Number 21 (Tuesday, February 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2253]


  Federal Register / Vol. 59, No. 21 / Tuesday, February 1, 1994 /
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[[Page Unknown]]

[Federal Register: February 1, 1994]


                                                    VOL. 59, NO. 21

                                          Tuesday, February 1, 1994
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FEDERAL RESERVE SYSTEM

12 CFR Parts 207, 220, 221 and 224

[Regulations G, T, U 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.

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SUMMARY: The List of Marginable OTC Stocks (OTC List) is composed of 
stocks traded over-the-counter (OTC) in the United States that have 
been determined by the Board of Governors of the Federal Reserve System 
to be subject to the margin requirements under certain Federal Reserve 
regulations. The List of Foreign Margin Stocks (Foreign List) is 
composed of foreign equity securities that have met the Board's 
eligibility criteria 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 
additions to the Foreign List. Both Lists were last published on 
October 25, 1993 (58 FR 54929), and became effective on November 8, 
1993.

EFFECTIVE DATE: February 14, 1994.

FOR FURTHER INFORMATION CONTACT: Peggy Wolffrum, Securities Regulation 
Analyst, Division of Banking Supervision and Regulation, (202) 452-
2781, Board of Governors of the Federal Reserve System, Washington, 
D.C. 20551. For the hearing impaired only, contact Dorothea Thompson, 
Telecommunications Device for the Deaf (TDD) at (202) 452-3544.

SUPPLEMENTARY INFORMATION: Listed below are additions to and deletions 
from the OTC List. This supersedes the last OTC List which was 
effective November 8, 1993. Additions and deletions to the OTC List 
were last published on October 25, 1993 (58 FR 54929). A copy of the 
complete OTC List is available from the Federal Reserve Banks.
    The OTC List includes those stocks that meet the criteria in 
Regulations G, T and U (12 CFR parts 207, 220 and 221, respectively). 
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 under a Securities and Exchange 
Commission (SEC) rule as qualified for trading in the national market 
system (NMS security). 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. and 
will be incorporated into the Board's next quarterly publication of the 
OTC List.
    Also listed below are the additions to the Board's Foreign List, 
which was last published October 25, 1993 (58 FR 54929), and became 
effective November 8, 1993. There are no deletions from the Foreign 
List. The Foreign List includes those foreign securities that meet the 
criteria in Sec. 220.17 of Regulation T and are eligible for margin 
treatment at broker-dealers on the same basis as domestic margin 
securities. A copy of the complete Foreign List is available from the 
Federal Reserve Banks.

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 207.6(a) and 
(b), 220.17(a), (b), (c) and (d), and 221.7(a) and (b). 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

12 CFR Part 207

    Banks, Banking, Credit, Margin, Margin requirements, National 
Market System (NMS Security), Reporting and recordkeeping requirements, 
Securities.

12 CFR Part 220

    Banks, Banking, Brokers, Credit, Margin, Margin requirements, 
Investments, National Market System (NMS Security), Reporting and 
recordkeeping requirements, Securities.

12 CFR Part 221

    Banks, Banking, Credit, Margin, Margin requirements, 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 207.2(k) and 207.6 (Regulation G), 12 CFR 
220.2(u) and 220.17 (Regulation T), and 12 CFR 221.2(j) and 221.7 
(Regulation U), there is set forth below a listing of deletions from 
and additions to the OTC List and additions to the Foreign List.

Deletions from the List of Marginable OTC Stocks

Stocks Removed For Failing Continued Listing Requirements

All American Semiconductor, Inc.
    Class B, warrants (expire 06-18-97)
Alliance Imaging, Inc.
    $.01 par common
BKLA Bancorp (California)
    No par common
California Micro Devices Corp.
    Warrants (expire 04-16-97)
Candies, Inc.
    Warrants (expire 01-18-94)
CBL Medical, Inc.
    $.01 par common
Dynasty Classics Corporation
    No par common
Energy Conversion Devices, Inc.
    $.01 par common
Future Communications Inc.
    $.001 par common
Industrial Funding Corp.
    Class A, no par common
Invitro International
    Warrants (expire 05-16-96)
Keene Corporation
    $.0001 par common
Neozyme Corporation
    $.01 par common
Tele-Communications, Inc.
    Liquid yield options due 2008
TSL Holdings Inc.
    $.01 par common
W.W. Williams Company, The
    $1.00 par common
Wegener Corporation
    $.01 par common

Stocks Removed For Listing On A National Securities Exchange Or 
Being Involved In An Acquisition

A & W Brands, Inc.
    $.01 par common
Ahold N.V.
    American Depositary Receipts
Amoskeag Company
    $1.00 par common
Aritech Corp.
    $1.00 par common
Autotrol Corporation
    $.10 par common
Boston Five Bancorp, Inc.
    $.01 par common
Bytex Corporation
    $.10 par common
Checkpoint Systems, Inc.
    $.10 par common
Compania Boliviana De Energia Electrica S.A.
    No par common
Corestates Financial Corporation
    $1.00 par common
Costco Wholesale Corporation
    $.0033 par common
Elmwood Bancorp, Inc. (Pennsylvania)
    $1.00 par common
Engraph, Inc.
    $1.00 par common
First Amarillo Bancorporation, Inc.
    $1.00 par common
First AMFED Corporation
    $.01 par common
First Bancorp Indiana, Inc.
    No par common
Gateway FED Corporation (Ohio)
    $.01 par common
Geraghty & Miller, Inc.
    $.01 par common
Gerrity Oil and Gas Corporation
    $.01 par common
Goody Products, Inc.
    $.10 par common
Heritage Bankcorp, Inc. (Michigan)
    $.01 par common
Integrated Health Services, Inc.
    $.001 par common
Interfirst Bankcorp, Inc. (Michigan)
    $.01 par common
Jackson Country Federal Bank, A Federal Savings Bank
    Series A, preferred stock
Jefferson Bank (Pennsylvania)
    $1.75 par common
Kendall International, Inc.
    $.01 par common
Masco Industries, Inc.
    $1.00 par common 6% convertible debentures due 2011
Meca Software, Inc.
    $.01 par common
Medco Containment Services, Inc.
    $.01 par common
Mid-State Federal Savings Bank (Florida)
    $1.00 par common
Millicom Incorporated
    $.01 par common
Morrison Incorporated
    $.01 par common
National Data Corporation
    $.125 par common
Ohio Bancorp
    No par common
Oil-Dri Corporation of America
    $.10 par common
Osmonics, Inc.
    $.01 par common
Pacific Bancorporation (California)
    $1.88 par common
Preferred Health Care Ltd.
    $.01 par common
Railroadmen's Federal Savings & Loan Association
    $.01 par capital
Salem Sportswear Corporation
    $.01 par common
Secor Bank, Federal Savings Bank (Alabama)
    $.01 par common
Simula, Inc.
    $.01 par common
Statesman Group, Inc., The
    $1.00 par common
    6\1/4\% convertible subordinated debentures
Stewart Information Services Corp.
    $1.00 par common
Sun Coast Plastics, Inc.
    $.01 par common
Telematics International, Inc.
    $.01 par common
Total Energold Corporation
    No par common
Total Pharmaceutical Care, Inc.
    No par common
Tristate Bancorp, The (Ohio)
    $1.00 par common
United Mobile Homes, Inc.
    $.10 par common
United Thermal Corporation
    $.10 par common
Valley Bancorp, Inc.
    $5.00 par common
Valley National Bancorp
    No par common
Washington Homes, Inc.
    $.01 par common
Wellington Leisure Products, Inc.
    $.01 par common
Wisconsin Southern Gas Company, Inc.
    $5.00 par common
Wiser Oil Company, The
    $3.00 par common

Additions to the List of Marginable OTC Stocks

AAON, Inc.
    $.001 par common
ABC Rail Products Corporation
    $.01 par common
Active Voice Corporation
    No par common
Advanced Technology Materials, Inc.
    $.01 par common
AFC Cable Systems, Inc.
    $.01 par common
Airport Systems International, Inc.
    $.01 par common
Aladdin Knowledge Systems Ltd.
    Ordinary Shares, NIS .01 par value
Alliance Semiconductor Corporation
    $.01 par common
Allied Capital Lending Corporation
    $.0001 par common
Allied Life Financial Corporation
    No par common
Alpha Microsystems
    Warrants (expire 09-01-98)
American Mobile Satellite Corporation
    $.01 par common
American Recreation Company Holdings Inc.
    $.01 par common
American Telecasting, Inc.
    $.01 par common
Amerigon Incorporated
    Class A, no par common
Ameristar Casinos Inc.
    $.01 par common
Amrion Inc.
    $.0011 par common
Applied Innovation Inc.
    $.01 par common
Applied Microbiology, Inc.
    $.005 par common
Applied Science & Technology Inc.
    $.01 par common
    Warrants (expire 11-10-98)
Arakis Energy Corporation
    No par common
Arris Pharmaceutical Corporation
    $1.00 par common
Asante Technologies, Inc.
    $.001 par common
Astoria Financial Corporation
    $.01 par common
Atlantic Beverage Co., Inc.
    $.01 par common
Bando McGlocklin Capital Corporation
    Series A, $.01 par adjustable rate cumulative preferred
Bankunited Financial Corporation (Florida)
    $.01 par noncumulative perpetual preferred
Billy Blues Food Corporation
    9% cumulative convertible preferred
Bioject Medical Tech Inc.
    No par common
Bollinger Industries Inc.
    $.01 par common
Boston Chicken
    $.01 par common
Brothers Gourmet Coffees Inc.
    $.0001 par common
C. Brewer Homes, Inc.
Class A, $.01 par common
Cable Design Technologies Corporation
    $.01 par common
Cablemaxx Inc.
    $.01 par common
Call-Net Enterprises Inc.
Class B, no par common
Capital Savings Bancorp Inc. (Michigan)
    $.01 par common
Cardinal Bancshares, Inc. (Kentucky)
    No par common
Careline, Inc.
    $.0001 par common
Carson Pirie Scott & Co.
    $.01 par common
CBT Corporation
    No par common
Celex Group, Inc.
    $.01 par common
Cellstar Corporation
    $.01 par common
CHC Helicopter Corporation
    Class A, subordinate voting shares
Children's Broadcasting Corporation
    $.01 par common
Clintrials Inc.
    $.01 par common
Club Car Inc.
    $.01 par common
CMC Industries Inc.
    $.01 par common
Coastal Banc Savings Association (Texas)
    Series A, no par noncumulative preferred
Coflexip
    American Depositary Receipts
Commerce Group, Inc., The
    $.50 par common
Communications Central Inc.
    $.01 par common
Conso Products Company
    No par common
Consolidated Stainless Inc.
    $.01 par common
Consumer Portfolio Services, Inc.
    No par common
Credence Systems Corporation
    $.001 par common
Crescent Airways Corporation
    $.01 par common
    Warrants (expire 01-10-98)
Crossmann Communities Inc.
    No par common
D & N Financial Corporation
    Warrants (expire 12-31-96)
Davel Communications Group Inc.
    No par common
Deckers Outdoor Corporation
    $.01 par common
Delta Petroleum Corporation
    $.01 par common
Digidesign, Inc.
    $.001 par common
DM Management Company
    $.01 par common
Duracraft Corporation
    No par common
Eateries, Inc.
    $.002 par common
EB, Inc.
    $2.00 par common
Elephant & Castle Group, Inc.
    No par common
Ellett Brothers, Inc.
    $.01 par common
Encad, Inc.
    No par common
Encon Systems, Inc.
    $.01 par common
Ensys Environmental Products Inc.
    $.01 par common
Envirogen, Inc.
    Warrants (expire 10-12-98)
Enviropur Waste Refining & Technology Inc.
    $.01 par common
    Class B warrants, (expire 12-31-94)
Evergreen Media Corporation
    6% convertible exchangeable preferred
Fairfield Communities Inc.
    $.01 par common
Farmers & Mechanics Bank (Connecticut)
    $.01 par common
FFLC Bancorp, Inc. (Florida)
    $.01 par common
Fidelity Bancorp Inc. (Illinois)
    $.01 par common
Fidelity Federal Savings Bank of Florida
    $1.00 par common
First Banking Company of Southeast Georgia
    $1.00 par common
First Bankshares Inc. (Missouri)
    $.01 par common
First Charter Bank, N.A. (California)
    $2.56 par common
First Financial Bankshares, Inc. (Texas)
    $10.00 par common
First Savings Bank of Moore County Inc., SSB
    No par common
First State Bancorporation (New Mexico)
    No par common
Flair Corporation
    $.01 par common
Foamex International, Inc.
    $.01 par common
Franklin Ophthalmic Instruments Co., Inc.
    $.001 par common
Friedman's Inc.
    Class A, $.01 par common
Frisco Bay Industries Ltd.
    No par common
FTP Software Inc.
    $.01 par common
Fulcrum Technologies, Inc.
    No par common
Gaming Corporation of America
    $.02 par common
Gateway 2000 Inc.
    $.01 par common
Gibraltar Steel Corporation
    $.01 par common
Globalink, Inc.
    $.01 par common
Golden Systems Inc.
    No par common
Granite Broadcasting Corporation
    $.01 par cumulative convertible exchangeable preferred
Grasso Corporation
    $.01 par common
Great American Communications Company
    Class A, no par common
Greenwich Air Services Inc.
    $.01 par common
Gryphon Holdings Inc.
    $.01 par common
Hallmark Capital Corporation
    $1.00 par common
Harbor Federal Savings Bank (Florida)
    $1.00 par common
Harvard Industries Inc.
    Class B, $.01 par common
    $.01 par 14\1/4\% PIK exchangeable preferred
Harvey Comics Entertainment, Inc.
    No par common
Healthwise of America, Inc.
    $.25 par common
Heidemij N.V.
    $.05 par common (NLG)
Hi-Rise Recycling Systems, Inc.
    $.01 par common
Holophane Corp.
    $.01 par common
Human Genome Sciences Inc.
    $.01 par common
Ico, Inc.
    Depositary shares
Illinois Superconductor Corporation
    $.001 par common
Innovative Gaming Corporation
    $.01 par common
    Warrants (expire 05-28-96)
Insignia Financial Group, Inc.
    Class A, $.01 par common
Insilco Corporation
    $.001 par common
Insite Vision Inc.
    $.01 par common
Integracare Inc.
    $.001 par common
Integrated Process Equipment Corporation
    $.01 par common
Intelligent Surgical Lasers, Inc.
    Warrants A, (expire 11-17-2000)
    Warrants B, (expire 11-17-2000)
Interfilm, Inc.
    $.01 par common
Interlink Electronics
    No par common
International Fast Food Corporation
    $.01 par common
International Semi-Tech Microelectronics
    Class A, sub-voting shares
Interpore International
    No par common
Itron, Inc.
    No par common
Iwerks Entertainment Inc.
    $.001 par common
Jacor Communications Inc.
    $.10 par common
    Warrants (expire 01-14-2000)
Jasmine Ltd.
    $.001 par common
Jetform Corporation
    No par common
JPE, Inc.
    No par common
Kaman Corporation
    Depositary Shares
Kentucky Enterprise Bancorp, Inc.
    $.01 par common
Koala Corporation
    $.10 par common
Koo Koo Roo, Inc.
    $.01 par common
Lakeview Savings Bank (New Jersey)
    $2.00 par common
Landair Services Inc.
    $.01 par common
Lodgenet Entertainment Corporation
    $.01 par common
London & Overseas Freighters Limited
    American Depositary Receipts
Lone Star Casino Corporation
    $.001 par common
Louisville Gas and Electric Company
    5% preferred stock
M.G. Products, Inc.
    No par common
Mace Security International Inc.
    $.01 par common
Macromedia, Inc.
    $.001 par common
Main Street Community Bancorp, Inc.
    $.01 par common
Martek Biosciences Corporation
    $.10 par common
Masland Corporation
    $.01 par common
Merchants Bancorp, Inc. (Illinois)
    $1.00 par common
Mercury Interactive Corporation
    $.002 par common
Mikohn Gaming Corporation
    $.10 par common
Millicom International Cellular S.A.
    $2.00 par common
MK Gold Company
    $.01 par common
Monaco Finance, Inc.
    Class A, $.01 par common
    Class B, warrants (expire 12-11-95)
Monterey Pasta Company
    No par common
Mountasia Entertainment International Inc.
    No par common
MRI Management Associates, Inc.
    $.001 par common
Mutual Federal Savings Bank of Miamisburg
    $1.00 par common
N-Viro International Corporation
    $.01 par common
National Dentex Corporation
    $.01 par common
Navarre Corporation
    No par common
NDC Automation, Inc.
    $.01 par common
Network Imaging Corporation
    $.0001 par common
    $.0001 par preferred
    Warrants (expire 05-07-97)
New World Power Corporation
    $.01 par common
    North Bancshares Inc. (Illinois)
    $.01 par common
Ocean Optique Distributors, Inc.
    No par common
Odetics, Inc.
    Class A, $.10 par common
    Class B, $.10 par common
Old Second Bancorp Inc. (Illinois)
    No par common
Olympic Financial Ltd. (Minnesota)
    8% cumulative convertible exchangeable preferred
OM Group Inc.
    $.01 par common
Opinion Research Corporation
    $.01 par common
Oxford Resources Corporation
    Class A, $.01 par common
P.A.M. Transportation Services Inc.
    $.01 par common
Pacific Crest Capital Inc.
    $.01 par common
Parkervision, Inc.
    $.01 par common
Partnerre Holdings Ltd.
    $1.00 par common
Patterson Energy Inc.
    $.01 par common
    Warrants (expire 11-02-95)
Penederm Inc.
    No par common
Penn-America Group, Inc.
    $.01 par common
Perseptive Technologies II Corporation
    Units (expire 12-31-95)
Petrocorp Incorporated
    $.01 par common
Petstuff Inc.
    $.01 par common
Pharmhouse Corporation
    No par common
Pharmos Corporation
    $.03 par common
Photonics Corporation
    $.001 par common
Physicians Insurance Company of Michigan
    $1.00 par common
Piemonte Foods Inc.
    No par common
Pinpoint Retail Solutions, Inc.
    No par common
Planar Systems, Inc.
    No par common
PMC Commercial Trust
    Shares of beneficial interest
Pollo Tropical, Inc.
    $.01 par common
Positron Corporation
    $.01 par common
    Warrants (expire 12-02-98)
Premiere Page, Inc.
    $.01 par common
Proxim, Inc.
    $.001 par common
PSB Holdings Corporation
    $.01 par common
Purus, Inc.
    $.001 par common
Quaker City Bancorp, Inc. (California)
    $.01 par common
Quaker Fabric Corporation
    $.01 par common
Queens County Bancorp, Inc. (New York)
    $.01 par common
Quickturn Design Systems, Inc.
    $.001 par common
Racotek, Inc.
    $.01 par common
Railtex, Inc.
    $.10 par common
Republic Security Financial Corporation (Florida)
    Series A, 7.5% cumulative convertible preferred
RGB Computer & Video, Inc.
    No par common
Rimage Corporation
    Warrants (expire 07-21-95)
Roberds Inc.
    No par common
Robotic Vision Systems, Inc.
    $.01 par common
Royce OTC Micro-Cap Fund, Inc.
    $.001 par common
Safeskin Corporation
    $.01 par common
Sangstat Medical Corporation
    No par common
Schnitzer Steel Industries Inc.
    Class A, $1.00 par common
Search Capital Group, Inc.
    $.01 par common
Security Capital Corporation (Wisconsin)
    $1.00 par common
Seda Specialty Packaging Corporation
    No par common
Shaw Group Inc., The
    $.01 par common
Skybox International Inc.
    $.01 par common
Sonoco Products Company
    Series A, cumulative convertible preferred
Soricon Corporation
    $.01 par common
Southwest Bancorp, Inc. (Oklahoma)
    $1.00 par common
Speciality Equipment Companies Inc.
    $.01 par common
Spectral Diagnostics Inc.
    No par common
Spreckels Industries, Inc.
    Class A, $.01 par common
Stacey's Buffet, Inc.
    Warrants (expire 11-12-98)
State Bancshares Inc. (Pennsylvania)
    $1.00 par common
Stimsonite Corporation
    $.01 par common
Submicron Systems Corporation
    $.0001 par common
Summa Industries, Inc.
    No par common
Sunbelt Companies, Inc., The
    $.01 par common
Sutton Resources, Ltd.
    No par common
Sylvan Learning Systems Inc.
    $.01 par common
Tat Technologies Ltd.
    Ordinary shares, NIS (0.15 par common)
    Class A, warrants (expire 03-31-94)
Tee-Comm Electronics Inc.
    No par common
Temtex Industries, Inc.
    $.20 par common
TFC Enterprises, Inc.
    $.01 par common
Tower Air Inc.
    $.01 par common
Transnational Re Corporation
    Class A, $.01 par common
Triad Guaranty Inc.
    $.01 par common
Triquint Semiconductor, Inc.
    No par common
U.S. Wireless Data, Inc.
    Class A, $.01 par common
Ultimate Electronics Inc.
    $.01 par common
Union Switch & Signal Inc.
    $.01 par common
Uniphase Corporation
    $.001 par common
United Video Satellite Group, Inc.
    Class A, $.01 par common
Universal Forest Products Inc.
    No par common
Urban Outfitters Inc.
    $.0001 par common
Veritas Software Corporation
    No par common
Viagene, Inc.
    $.001 par common
Visx, Incorporated
    $.01 par common
Wang Laboratories, Inc.
    $.01 par common
    Warrants (expire 07-02-2000)
Welbilt Corporation
    $.01 par common
West Marine, Inc.
    $.001 par common
Westerfed Financial Corporation
    $.01 par common
White River Corporation
    $.01 par common
Wickes Lumber Company
    $.01 par common
WRT Energy Corporation
    $.01 par common
    9% convertible preferred
WVS Financial Corporation
    $.01 par common
Zoltek Companies, Inc.
    $.01 par common
Zytec Corp
    No par common

Additions to the List of Foreign Margin Stocks

Cheung Kong Holdings Ltd.
    HK$.50 par ordinary shares
China Light & Power Co., Ltd.
    HK$5.00 par ordinary shares
Daifuku Company
    Y50 par ordinary shares
Dairy Farm International Holdings Ltd.
    HK$.05 par ordinary shares
Guoco Group Ltd.
    HK$.50 par ordinary shares
Hang Lung Development Company
    HK$1.00 par ordinary shares
Hang Seng Bank Ltd.
    HK$5.00 par ordinary shares
Henderson Land Development Co., Ltd.
    HK$2.00 par ordinary shares
Hong Kong Electric Holding Ltd.
    HK$1.00 par ordinary shares
Hong Kong Land Holdings Ltd.
    HK$.10 par ordinary shares
Hong Kong Telecommunications Ltd.
    HK$.50 par ordinary shares
HSBC Holdings PLC
    HK$.50 par ordinary shares
Hutchinson Whampoa Ltd.
    HK$.25 par ordinary shares
Hysan Development Co., Ltd.
    HK$5.00 par ordinary shares
Jardine Strategic Holdings Ltd.
    HK$.05 par ordinary shares
Sun Hung Kai Properties Ltd.
    HK$.50 par ordinary shares
Swire Pacific Ltd.
    A shares, par HK$.60
Wharf Holdings Ltd.
    HK$1.00 par ordinary shares

    By order of the Board of Governors of the Federal Reserve 
System, acting by its Director of the Division of Banking 
Supervision and Regulation pursuant to delegated authority (12 CFR 
265.7(f)(10)), January 26, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-2253 Filed 1-31-94; 8:45 am]
BILLING CODE 6210-01-P