[Federal Register Volume 59, Number 141 (Monday, July 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17731]


  Federal Register / Vol. 59, No. 141 / Monday, July 25, 1994 /
  
[[Page Unknown]]

[Federal Register: July 25, 1994]


                                                   VOL. 59, NO. 141

                                              Monday, July 25, 1994

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.

-----------------------------------------------------------------------

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 an 
addition to the Foreign List.

EFFECTIVE DATE: August 8, 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 May 9, 1994. Additions and deletions to the OTC List were 
last published on May 5, 1994 (59 FR 23124). 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 for trading in the national market 
system (NMS security) under a rule 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. and will be incorporated into the Board's next quarterly 
publication of the OTC List.
    Also listed below is an addition to the Board's Foreign List, which 
was last published on May 5, 1994 (59 FR 23124), and became effective 
May 9, 1994. There are no deletions from the Foreign List. The Foreign 
List includes those foreign securities that meet the criteria in 
section 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 an addition to the Foreign List.

Deletions From the List of Marginable OTC Stocks

Stocks Removed for Failing Continued Listing Requirements

AMPEX CORPORATION
    Class A, $.01 par common
BIOGEN, INC.
    Warrants (expire 06-30-94)
CAMBRIDGE BIOTECH CORPORATION
    $.01 par common
CAPX CORPORATION
    Class A, warrants (07-30-95)
CHARIOT ENTERTAINMENT, INC.
    No par common
CHEMDESIGN CORPORATION
    $.01 par common
CHESTER HOLDINGS LIMITED
    $.001 par common
COMMUNITY BANCSHARES, INC.
    $1.00 par common
COMPTRONIX CORPORATION
    $.01 par common, 6-3/4% convertible subordinated debentures
EXCEL TECHNOLOGY, INC.
    Class A, warrants (expire 09-30-97)
FIBRONICS INTERNATIONAL, INC.
    $.05 par common
GEONEX CORPORATION
    $.01 par common
HEALTHWATCH, INC.
    $.01 par common Class A, warrants (expire 10-31-94), Class B, 
warrants (expire 10-31-94)
INNOVO GROUP, INC.
    $.01 par common
INTERPHARM LABORATORIES LTD.
    Ordinary Shares, NIS .001 par value
LIDAK PHARMACEUTICALS
    Class B, warrants (expire 05-08-95)
LUNN INDUSTRIES, INC.
    $.01 par common
MEDICAL IMAGING CENTERS OF AMERICA, INC.
    No par common
MUTUAL FEDERAL SAVINGS BANK
    $1.00 par common
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
    Depositary receipts evidencing units of limited partnership 
interest
QUADREX CORPORATION
    $.01 par common
REGAL COMMUNICATIONS CORPORATION
    $.001 par common
REGENT BANCSHARES CORPORATION
    Series A, $.10 par convertible preferred
RELIABLE LIFE INSURANCE COMPANY
    Class A, $1.00 par common
SANBORN, INC.
    $.01 par common
SCIENCE DYNAMICS CORPORATION
    $.01 par common
SHOPSMITH, INC.
    No par common
SYM-TEK SYSTEMS, INC.
    No par common
USA CLASSIC, INC.
    $.01 par common
WETTERAU PROPERTIES INC.
    $.01 par common
WILLIAMS INDUSTRIES, INC.
    $.10 par common
XSIRIUS INC.
    $.01 par common

Stocks Removed for Listing on a National Securities Exchange or Being 
Involved in an Acquisition

ADVANCED INTERVENTIONAL SYSTEMS, INC.
    No par common
ALLIED CLINICAL LABORATORIES, INC.
    $.01 par common
ALPINE MEADOWS OF TAHOE, INC.
    $.25 par common
BANKWORCESTER CORPORATION (Massachusetts)
    $.10 par common
CARL KARCHER ENTERPRISES, INC.
    No par common
CENTEX TELEMANAGEMENT, INC.
    $.01 par common
CITIZENS, INC.
    Class A, $1.00 par common
CMS/DATA CORPORATION
    $.01 par common
COOKER RESTAURANT CORPORATION
    No par common
CRAGIN FINANCIAL CORPORATION
    $.01 par common
CURAFLEX HEALTH SERVICES, INC.
    $.001 par common
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION
    $.000025 par common
ELECTROMEDICS, INC.
    $.05 par common
ENERGY VENTURES, INC.
    $1.00 par common
ENVIROFIL, INC.
    $.001 par common
FARM & HOME FINANCIAL CORP.
    $.01 par common
FEDERAL SAVINGS BANK, THE (Connecticut)
    $.01 par common
FIRST EASTERN CORPORATION
    $10.00 par common
FORTUNE BANCORP, INC. (Florida)
    $.01 par common, Series A, 8% par convertible preferred
FRANKLIN ELECTRONIC PUBLISHERS, INC.
    No par common
GATEWAY FINANCIAL CORPORATION
    $.01 par common
GENERAL CABLE CORPORATION
    $1.00 par common
GLOBALINK, INC.
    $.01 par common
GRAND CASINOS, INC.
    $.01 par common
GRAND VALLEY GAS COMPANY
    $.0125 par common
GWC CORPORATION
    $.01 par common
HEALTHINFUSION, INC.
    $.01 par common
HOME FEDERAL BANCORP OF MISSOURI INC.
    $.01 par common
HOME NUTRITIONAL SERVICES, INC.
    No par common
HS RESOURCES, INC.
    $.001 par common
INDEPENDENCE BANCORP, INC. (Pennsylvania)
    $2.50 par common
INTERSPEC, INC.
    $.001 par common
JOHNSTOWN SAVINGS BANK (Pennsylvania)
    $1.00 par common
KAYDON CORPORATION
    $.10 par common
LAKE SHORE BANCORP, INC. (Illinois)
    No par common
LGF BANCORP, INC. (Illinois)
    $.01 par common
MARCUS CORPORATION, THE
    $1.00 par common
MARK CONTROLS CORPORATION
    $.01 par common
MEDISYS, INC.
    $.01 par common
NEWORLD BANCORP, INC. (Massachusetts)
    $1.00 par common
OMNI FILMS INTERNATIONAL, INC.
    $.01 par common
ON THE BORDER CAFES, INC.
    $.02 par common
PARK NATIONAL CORPORATION
    $4.00 par common
PENNSYLVANIA ENTERPRISES, INC.
    No par common
PEOPLES BANCORP OF WORCESTER, INC.
    $.10 par common
PEOPLES WESTCHESTER SAVINGS BANK (New York)
    $1.00 par common
PINPOINT RETAIL SOLUTIONS, INC.
    No par common
RADIATION SYSTEMS, INC.
    $1.00 par common
REPUBLIC PICTURES CORPORATION
    $.01 par common
SECURITY SAVINGS BANK, FSB (Michigan)
    $1.00 par common
SOFTIMAGE INC.
    No par common
SOFTWARE TOOLWORKS, INC., THE
    $.01 par common
STAR BANC CORPORATION (Ohio)
    $5.00 par common
STEPHEN COMPANY, THE
    $.01 par common
SUMMIT HEALTH LTD.
    No par common
TAKECARE, INC.
    $.10 par common
TERMIFLEX CORPORATION
    $.10 par common
UNIFLEX, INC.
    $.10 par common
UNITED WISCONSIN SERVICES, INC.
    No par common
VALLEY BANCORPORATION (Wisconsin)
    $.50 par common
VSB BANCORP, INC. (New Jersey)
    $.01 par common
WASHINGTON BANCORP, INC. (New Jersey)
    $.10 par common
WEST MASS BANKSHARES, INC. (Massachusetts)
    $.10 par common

Additions to the List of Marginable OTC Stocks

ABC BANCORP (Georgia)
     $1.00 par common
 ABLE TELCOM HOLDING CORPORATION
     $.001 par common
 ABR INFORMATION SERVICES INC.
     $.01 par common
 ACRES GAMING INCORPORATED
     $.01 par common
 ACTIVISION, INC.
     $.0001 par common
 ALL AMERICAN COMMUNICATIONS, INC.
     $.0001 par common
 ALLEGIANCE BANC CORPORATION (Maryland)
     $1.00 par common
 ALTERNATIVE RESOURCES CORPORATION
     $.01 par common
 AMERICAN BUILDINGS COMPANY
     $.01 par common
 AMERICAN EAGLE OUTFITTERS, INC.
     No par common
 AMERICAN ELECTRONIC COMPONENTS, INC.
     No par common
 AMERICAN HOMESTAR CORPORATION
     $.05 par common
 AMERICAN NATIONAL SAVINGS BANK, F.S.B. (Maryland)
     $1.00 par common
 AMERICAN PUBLISHING COMPANY
     Class A, $.01 par common
 AMERICAN RESOURCE CORPORATION, INC.
     $.01 par common
 APOGEE, INC.
     $.01 par common
 APPLIED LASER SYSTEMS
     Class A, no par common
 ARIAD PHARMACEUTICALS, INC.
     Units (expire 05-20-99)
 ASCEND COMMUNICATIONS, INC.
     $.001 par common
 ATRIA SOFTWARE, INC.
     $.01 par common
 AURTEX, INC.
     $.001 par common
 AUTOMATED TELEPHONE MANAGEMENT SYSTEMS, INC.
     Series A, $1.00 par cumulative convertible preferred
 BANPONCE CORPORATION
     Series A, no par 8.35% non-cumulative preferred
 BCB FINANCIAL SERVICES CORPORATION
     $2.50 par common
 BELLWETHER EXPLORATION COMPANY
     No par common
 BETTIS CORPORATION
     $.01 par common
 BIO-PLEXUS, INC.
     No par common
 BOYD BROS. TRANSPORTATION INC.
     $.001 par common
BRADLEY PHARMACEUTICALS, INC.
    Class A, no par common;
    Class A, warrants (expire 11-12-96),
    Class B, warrants (expire 11-12-96),
    Class D, warrants (expire 12-09-96)
BROOKLYN BANCORP, INC. (New York)
    $.01 par common
BUCKHEAD AMERICA CORPORATION
    $.01 par common
C-CUBE MICROSYSTEMS INC.
    $.001 par common
CADIZ LAND COMPANY, INC.
    $.01 par common
CAMBRIDGE SOUNDWORKS, INC.
    No par common
CAREERSTAFF UNLIMITED, INC.
    $.0001 par common
CARROLLTON BANCORP (Maryland)
    $10.00 par common
CASCADE BANCORP (Oregon)
    No par common
CDP TECHNOLOGIES, INC.
    $.01 par common
CFW COMMUNICATIONS COMPANY
    No par common
CHINATEK, INC.
    $.001 par common
CINAR FILMS, INC.
    No par common
CINERGI PICTURES ENTERTAINMENT INC.
    $.01 par common
CNB FINANCIAL CORPORATION
    $5.00 par common
COHERENT COMMUNICATIONS SYSTEMS CORPORATION
    $.01 par common
COLE TAYLOR FINANCIAL GROUP, INC.
    $.01 par common
COMMUNITY FIRST BANKSHARES, INC. (North Dakota)
    Depositary shares
COMPUTALOG LTD.
    No par common
CONSOLIDATED GRAPHICS, INC.
    $.01 par common
CONSOLIDATED RAMROD GOLD CORPORATION
    No par common
CONSOLIDATED TECHNOLOGY GROUP LTD.
    $.01 par common
CONTINENTAL WASTE INDUSTRIES, INC.
    $.001 par common
CREDIT DEPOT CORPORATION
    $.001 par common
CROP GROWERS CORPORATION
    $.01 par common
CROWN CASINO CORPORATION
    $.01 par common
CYPROS PHARMACEUTICAL CORPORATION
    Class A, warrants (expire 11-03-97)
DATA BROADCASTING CORPORATION
    $.01 par common
DAW TECHNOLOGIES, INC.
    $.01 par common
DEEPTECH INTERNATIONAL INC.
    $.01 par common
DESIGNATRONICS INCORPORATED
    $.04 par common
DEWOLFE COMPANIES INC., THE
    $.01 par common
DIAMETRICS MEDICAL, INC.
    $.01 par common
DIPLOMAT CORPORATION
    $.0001 par common
DOUBLETREE CORPORATION
    $.01 par common
DT INDUSTRIES, INC.
    $.01 par common
EDUCATIONAL DEVELOPMENT CORPORATION
    $.20 par common
EDUCATIONAL INSIGHTS, INC.
    No par common
EMCO LIMITED
    No par common
FAIRFAX BANK & TRUST COMPANY (Virginia)
    $1.25 par common
FHP INTERNATIONAL CORPORATION
    Series A, $.05 par cumulative convertible preferred
FINANCING FOR SCIENCE INTERNATIONAL INC.
    $.01 par common,
    Warrants (expire 05-19-99)
FIRST STATE CORPORATION
    $1.00 par common
FLUOROSCAN IMAGING SYSTEMS, INC.
    $.0001 par common,
    Warrants (expire 07-11-99)
FNB CORP.
    $2.50 par common
FOILMARK, INC.
    $.01 par common
FORE SYSTEMS, INC.
    $.01 par common
FRESH AMERICA CORPORATION
    $.01 par common
FRONTIER NATURAL GAS CORPORATION
    12% par convertible preferred
FUSION SYSTEMS CORPORATION
    $.01 par common
GAMING WORLD INTERNATIONAL, INC.
    $.01 par common,
    Class A, redeemable purchase warants (expire 05-10-99)
GARDNER DENVER MACHINERY INC.
    $.01 par common
GEERLINGS & WADE, INC.
    $.01 par common
GENEMEDICINE INC.
    $.001 par common
GEOWORKS
    No par common
GFS BANCORP, INC. (Iowa)
    $.01 par common
GOLF ENTERPRISES INC.
    $.01 par common
GROUP TECHNOLOGIES CORPORATION
    $.01 par common
GUILFORD PHARMACEUTICALS INC.
    $.01 par common
HEARTLAND WIRELESS COMMUNICATIONS INC.
    $.001 par common
HMG WORLDWIDE CORPORATION
    $.01 par common
HMN FINANCIAL INC.
    $.01 par common
HUMMINGBIRD COMMUNICATIONS LTD.
    No par common
IMAX CORPORATION
    No par common
INDIGO N.V.
    NLG .04 par common
INHALE THERAPEUTIC SYSTEMS
    No par common
INTEGRITY MUSIC, INC.
    Class A, $.01 par common
INTERNATIONAL MICROCOMPUTER SOFTWARE, INC.
    No par common
INTERNET COMMUNICATIONS CORPORATION
    No par common
INTERSCIENCE COMPUTER CORPORATION
    No par common,
    Warrants (expire 11-15-96)
INVESTMENT TECHNOLOGY GROUP, INC.
    $.01 par common
JEFFERSON SMURFIT CORPORATION
    $.01 par common
JOS. A. BANK CLOTHIERS INC.
    $.01 par common
KBK CAPITAL CORPORATION
    $.01 par common
KELLEY OIL CORPORATION
    $1.50 par convertible exchangeable preferred
KENETECH CORPORATION
    Depositary Shares
LAJOLLA PHARMACEUTICAL COMPANY
    $.01 par common,
    Warrants (expire 06-03-99)
LAKE ARIEL BANCORP, INC. (Pennsylvania)
    $.42 par common
LAZER-TRON CORPORATION
    No par common
LEEDS FEDERAL SAVINGS BANK (Maryland)
    $1.00 par common
LONG ISLAND BANCORP, INC. (New York)
    $.01 par common
MacKENZIE FINANCIAL CORPORATION
    No par common
MARISA CHRISTINA, INCORPORATED
    $.01 par common
MARK SOLUTIONS, INC.
    $.01 par common
MASTEC INC.
    $.10 par common
MATEWAN BANCSHARES, INC. (West Virginia)
    $1.00 par common
MAXWELL SHOE COMPANY INC.
    Class A, $.01 par common
McMoRAN OIL & GAS COMPANY
    $.01 par common
MEDICAL CONTROL, INC.
    $.01 par common,
    Warrants (expire 05-13-96)
MEDISENSE, INC.
    $.01 par common
MEDMARCO, INC.
    $.001 par common
MERIX CORPORATION
    No par common
METROTRANS CORPORATION
    $.01 par common
MICOM COMMUNICATIONS CORPORATION
    $.0000001 par common
MICRO-INTEGRATION CORPORATION
    $.01 par common
MICROELECTRONIC PACKAGING INC.
    No par common
MID CONTINENT BANCSHARES, INC. (Kansas)
    $.10 par common
MIDISOFT CORPORATION
    No par common
MITY-LITE, INC.
    $.01 par common
MK RAIL CORPORATION
    $.01 par common
MLX CORPORATION
    $.01 par common
MODEL IMPERIAL, INC.
    $.01 par common
MONROC, INC.
    $.01 par common
MOVIEFONE, INC.
    Class A, $.01 par common
MOXHAM BANK CORPORATION (Pennsylvania)
    $2.00 par common
MTL, INC.
    $.01 par common
MULTICARE COMPANIES, INC.
    $.01 par common
NAM TAI ELECTRONICS, INC.
    Redeemable common share purchase warrants (expire 09-29-96)
NETWORK PERIPHERALS, INC.
    $.001 par common
NEW WEST EYEWORKS, INC.
    $.01 par common
NOBLE ROMAN'S, INC.
    No par common
NORTH AMERICAN PALLADIUM LTD.
    No par common
NORTHFIELD LABORATORIES INC.
    $.01 par common
NORWALK SAVINGS SOCIETY (Connecticut)
    $.01 par common
NPS PHARMACEUTICALS INC.
    $.001 par common
NUMAR CORPORATION
    $.01 par common
OCTAGON, INC.
    $.01 par common,
    Class A, warrants (expire 02-16-99)
ODWALLA, INC.
    No par common
OXIGENE, INC.
    $.01 par common
PACIFIC REHABILITATION & SPORTS MEDICINE INC.
    $.01 par common
PACKAGING RESEARCH CORPORATION
    $.01 par common
PARALLEL PETROLEUM CORPORATION
    $.01 par common
PC DOCS GROUP INTERNATIONAL
    No par common
PDS FINANCIAL CORPORATION
    $.01 par common
PEDIATRIC SERVICES OF AMERICA, INC.
    $.01 par common
PENN NATIONAL GAMING, INC.
    $.01 par common
PETROMET RESOURCES LIMITED
    No par common
PHARMACIA CORPORATION
    American Depositary Receipts
PHYSICIAN SALES & SERVICE INC.
    $.01 par common
PM AGRI-NUTRITION GROUP LIMITED
    $.01 par common
POSITIVE RESPONSE TELEVISION, INC.
    No par common
POTTERS SAVINGS & LOAN COMPANY, THE (Ohio)
    $1.00 par common
PROJECT SOFTWARE & DEVELOPMENT INC.
    $.01 par common
PROXYMED PHARMACY, INC.
    $.001 par common
Q-STEAKS, INC.
    $1.00 par common
QUINTILES TRANSNATIONAL CORPORATION
    $.01 par common
QUIZNO'S FRANCHISE CORPORATION
    $.001 par common
QUORUM HEALTH GROUP INC.
    $.01 par common
RADICA GAMES LIMITED
    $.01 par common
RAWLINGS SPORTING GOODS COMPANY INC.
    $.01 par common
REDDI BRAKE SUPPLY CORPORATION
    $.0001 par common
RICHEY ELECTRONICS, INC.
    $.001 par common
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC.
    $.03 par common
ROYAL GOLD, INC.
    $.01 par common
SABER SOFTWARE CORPORATION
    $.01 par common
SAFETY COMPONENTS INTERNATIONAL INC.
    $.01 par common
SBC TECHNOLOGIES, INC.
    $.10 par common
SCOTT'S LIQUID GOLD, INC.
    $.10 par common
SEVEN HILLS FINANCIAL CORPORATION
    No par common
SHO-ME FINANCIAL CORPORATION
    $.01 par common
SIGMA CIRCUITS, INC.
    $.001 par common
SIMPSON MANUFACTURING CO., INC.
    No par common
SOFTWARE PROFESSIONALS, INC.
    No par common
SOUTHERN FINANCIAL FEDERAL SAVINGS BANK (Virginia)
    $8.00 par common
SOUTHERN SECURITY LIFE INSURANCE COMPANY
    Class A, $1.00 par common
STATEFED FINANCIAL CORPORATION
    $.01 par common
STERLING FINANCIAL CORPORATION
    Series A, $1.00 par cumulative convertible preferred
STRATOSPHERE CORPORATION
    $.01 par common, Warrants (expire 02-22-99)
SUN INTERNATIONAL HOTELS LIMITED
    Series A, no par common
SUNSTATES CORPORATION
    $.33\1/3\ par common, $3.75 par cumulative preferred
SUPERTEL HOSPITALITY, INC.
    $.01 par common
TARGETED GENETICS CORPORATION
    $.01 par common
TELEPANEL SYSTEMS INC.
    No par common
TELESCAN, INC.
    $.01 par common
TF FINANCIAL CORPORATION
    $.10 par common
THERATX, INCORPORATED
    $.001 par common
THERMODYNE HOLDINGS CORPORATION
    $.01 par common
TRANSACTION NETWORK SERVICES, INC.
    $.01 par common
TRANSWORLD HOME HEALTHCARE, INC.
    Warrants (expire 12-07-97)
TREND-LINES, INC.
    $.01 par common
TRIPOS, INC.
    $.01 par common
TROY HILL BANCORP, INC. (Pennsylvania)
    $.01 par common
UNITED FEDERAL SAVINGS BANK (North Carolina)
    $.01 par common
UNITED SERVICES ADVISORS, INC.
    Non-voting, $.05 par preferred
VALUJET AIRLINES, INC.
    $.01 par common
VARIFLEX, INC.
    $.001 par common
VERMONT TEDDY BEAR CO., INC.
    $.05 par common
VITAMIN SPECIALTIES CORPORATION
    $.001 par common
WAVEFRONT TECHNOLOGIES, INC.
    No par common
WEST COAST BANCORP (Oregon)
    $2.00 par common
WESTAMERICA BANCORPORATION (California)
    No par common
WFS BANCORP, INC. (Kansas)
    $.01 par common
WINSTAR COMMUNICATIONS, INC.
    $.01 par common
WINSTON HOTELS INC.
    $.01 par common
WSB BANCORP, INC. (Missouri)
    $.01 par common
XENOVA GROUP PLC
American Depositary Receipts (Units expire 07-08-95)

Addition to the List of Foreign Margin Stocks

SINO LAND CO., 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)), July 15, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-17731 Filed 7-22-94; 8:45 am]
BILLING CODE 6210-01-P