[Federal Register Volume 61, Number 19 (Monday, January 29, 1996)]
[Rules and Regulations]
[Pages 2667-2671]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1489]



=======================================================================
-----------------------------------------------------------------------

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. There are 
no additions to or deletions from the previous Foreign List.

EFFECTIVE DATE: February 12, 1996.

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, which was last published on October 30, 1995 (60 FR 
55183), and became effective November 13, 1995. 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 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. and will be incorporated into the Board's next quarterly 
publication of the OTC List.
    There are no new additions, deletions or changes to the Board's 
Foreign List, which was last published on October 30, 1995 (60 FR 
55183), and which became effective November 13, 1995. The Foreign List 
includes those foreign equity 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) 

[[Page 2668]]
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.

Deletions From the List of Marginable OTC Stocks

Stocks Removed for Failing Continued Listing Requirements

ACCESS HEALTHNET, INC.
    $.001 par common
ALPHAREL, INC.
    Warrants (expire 12-12-95)
BIO-TECHNOLOGY GENERAL CORP.
    Warrants (expire 12-19-95)
BIOMEDICAL WASTE SYSTEMS, INC.
    $.001 par common
BRENDLE'S INCORPORATED
    $1.00 par common
CLIFF'S DRILLING COMPANY
    No par convertible exchangeable prefeeerf
COMET SOFTWARE INTERNATIONAL
    Ordinary shares (NIS .01)
CPI AEROSTRUCTRUES, INC.
    $.001 par common
DEP CORPORATION
    $.01 par common
    Class A, $.01 par common
DIPLOMAT CORPORATION
    Warrants () expire 11-04-98)
ECOSCIENCE CORPORATION
    $.01 par common
EFI ELECTRONICS CORPORATION
    $.0001 par common
HAMBURGER HAMLET RESTAURANTS, INC.
    $.01 par common
HFS INCORPORATED
    Warrants (expire 08-10-98)
HUDSON TECHNOLOGIES, INC.
    Warrants (expire 11-02-99)
INDENET, INC.
    Class B, warrants (expire 08-31-98)
INTERFACE SYSTEMS, INC.
    Warrants (expire 12-29-95)
INTERFACE, INC.
    8% convertible debentures due 2013
INTERNATIONAL NURSING SERVICE
    12% cumulative convertible preferred
INTERNATIONAL TOURIST ENTERTAINMENT CORP.
    $.001 par common
LM ERICSSON TELEPHONE COMPANY
    Rights
LOUISVILLE GAS & ELECTRIC CO.
    7.45% preferred stock
MEDALLIANCE INC.
    $.01 par common
MET-COIL SYSTEMS CORPORATION
    $.01 par common
MICROS-TO-MAINFRAMES, INC.
    Warrants (expire 10-26-97)
MONACO FINANCE, INC.
    Class B, warrants (expire 12-11-95)
NDC AUTOMATION, INC.
    $.01 par common
ORBIT INTERNATIONAL CORPORATION
    $.10 par common
PEASE OIL AND GAS COMPANY
    Series A, $.01 par cumulative convertible preferred
PHARMACIA CORPORATION
    American Depositary Receipts
PINNACLE BANC GROUP, INC. (IL)
    $4.69 par common
PROGRAOUP, INC.
    $.50 par common
RAMTRON INTERNATIONAL CORP.
    Series C, $.01 par convertible preferred
REN CORPORATION--USA
    No par common
REXON, INCORPORATED
    No par common
SAYETT GROUP, INC.
    $.01 par common
SUNSTATES CORPORATION
    $.33\1/3\ par common
    $3.75 par cumulative preferred
WORK RECOVERY, INC.
    $.004 par common
ZYNAXIS, INC.
    $.01 par common

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

AAMES FINANCIAL CORPORATION
    $.01 par common
ACX TECHNOLOGIES, INC.
    $.01 par common
ADVANCE ROSS CORPORATION
    $.10 par common
ADVANTAGE COMPANIES, INC.
    No par common
AMERICAN CITY BUSINESS JOURNALS, INC.
    $.01 par common
AMERICAN CONSUMER PRODUCTS, INC.
    $.10 par common
AMERICAN ELECTRONIC COMPONENTS, INC.
    No par common
AMFED FINANCIAL, INC.
    $.01 par common
APPLIED IMMUNE SCIENCES, INC.
    $.01 par common
ARAMED, INC.
    $.01 par callable common
ARAN ENERGY PLC
    American Depositary Receipts
BANCTEC, INC. (TX)
    $.01 par common
BANK SOUTH CORPORATION (GA)
    $5.00 par common
BAY RIDGE BANCORP, INC.
    $.10 par common
BIOSAFETY SYSTEMS, INC.
    $.01 par common
BOLLE AMERICA, INC.
    $.01 par common
BRAINTREE SAVINGS BANK (MA)
    $1.00 par common
C C H INC.
    Class A, $1.00 par common
    Class B, $1.00 par common
CAPITAL BANCORPORATION, INC. (MO)
    $.10 par common
    Depositary shares
CARELINE, INC.
    $.0001 par common
CF BANCORP, INC.
    $.01 par common
CHARTER FEDERAL SAVINGS BANK (VA)
    $.01 par common
CITIZENS FEDERAL BANK, FSB
    Series 1993 A, 8.75% par noncumulative preferred
COLUMBIA FIRST BANK, FSB
    $.01 par common
COMDATA HOLDINGS CORPORATION
    $.01 par common
CORNERSTONE FINANCIAL CORP.
    No par common
CSF HOLDINGS, INC.
    $.01 par common
D F & R RESTAURANTS, INC.
    $.01 par common
DATA MEASUREMENTS CORPORATION
    $.01 par common
DATA SWITCH CORPORATION
    $.01 par common
DELRINA CORPORATION
    No par common
DELTA AND PINE LAND COMPANY
    $.10 par common
DEVRY INC.
    $.01 par common
ELCO INDUSTRIES, INC.
    $5.00 par common
FAIRFIELD COMMUNITIES, INC.
    $.01 par common
FALCON PRODUCTS, INC.
    $.02 par common
FAR EAST NATIONAL BANK (CA)
    $1.25 par common
FIRST UNITED SAVINGS BANK, FSB (IN) 

[[Page 2669]]

    $.01 par common
FIRSTFED MICHIGAN CORPORATION
    $.01 par common
FOUNDERS FINANCIAL CORPORATION (FL)
    $1.00 par common
FRAME TECHNOLOGY CORPORATION
    No par common
FSB FINANCIAL CORPORATION
    $.01 par common
GAMING CORPORATION OF AMERICA
    $.02 par common
GARDEN STATE BANCSHARES, INC. (NJ)
    No par common
GREAT COUNTRY BANK (CT)
    $1.00 par common
GRIFFIN TECHNOLOGY INCORPORATED
    $.05 par common
GROWTH FINANCIAL CORP. (NJ)
    $1.00 par common
HAWKEYE BANCORPORATION (IA)
    No par common
HEART TECHNOLOGY, INC.
    $.01 par common
HELIAN HEALTH GROUP, INC.
    $.01 par common
HERITAGE FEDERAL BANCSHARES, INC. (TN)
    $1.00 par common
HOLLINGER INTERNATIONAL, INC.
    Class A, $.01 par common
HORTON, D.R., INC.
    $.01 par common
HUFFMAN KOOS, INC.
    $.01 par common
HUNGARIAN TELEPHONE & CABLE CORP.
    $.001 par common
INSITUFORM MID-AMERICA, INC.
    Class A, $.01 par common
INTEGRATED SILICON SOLUTION, INC.
    $.001 par common
INTERCONTINENTAL BANK (FL)
    $2.00 par common
JOSLYN CORPORATION
    $1.25 par common
KBK CAPITAL CORPORATION
    $.01 par common
KENTUCKY MEDICAL INSURANCE CO.
    Class A, $2.80 par common
LANNET DATA COMMUNICATIONS LTD.
    Ordinary shares, NIS .1 par value
LAWYERS TITLE CORPORATION
    No par common
LEARNING COMPANY, THE
    $.001 par common
LEGENT CORPORATION
    $.01 par common
LEXINGTON SAVINGS BANK (MA)
    $.30 par common
LILLY INDUSTRIES, INC.
    Class A, no par common
LINCOLN SAVINGS BANK (PA)
    $1.00 par common
LOYOLA CAPITAL CORPORATION
    $.10 par common
MAIN STREET COMMUNITY BANCORP, INC.
    $.01 par common
MARBLE FINANCIAL CORPORATION
    $1.00 par common
MAXTOR CORPORATION
    $.01 par common
MEDICAL MANAGEMENT, INC.
    $.001 par common
MEDICINE SHOPPE INTERNATIONAL, INC.
    $.01 par common
MEGATEST CORPORATION
    $.001 par common
MICHIGAN NATIONAL CORPORATION
    $10.00 par common
MIDLANTIC CORPORATION
    $3.00 par common
MILLER INDUSTRIES, INC.
    $.01 par common
MULTIMEDIA, INC.
    $.10 par common
NATIONAL BEVERAGE CORP.
    $.01 par common
NETWORTH, INC.
    $.01 par common
NEWPARK RESOURCES, INC.
    $.01 par common
NEXGEN, INC.
    $.0001 par common
NORRELL CORPORATION
    No par common
NORWEB PLC
    American Depositary Receipts
NU-WEST INDUSTRIES, INC.
    $.01 par common
    Class A, $100 par preferred
ORION PICTURES CORPORATION
    $.25 par common
ORNDA HEALTHCORP
    $.01 par common
PIEDMONT MANAGEMENT COMPANY INC.
    $.50 par common
PIONEER HI-BRED INTERNATIONAL, INC.
    $1.00 par common
PREMIER BANCORP, INC. (LA)
    No par common
PRIME RESIDENTIAL, INC.
    $.01 par common
RENAL TREATMENT CENTERS, INC.
    $.01 par common
RETIREMENT CARE ASSOCIATES, INC.
    $.0001 par common
RIO HOTEL AND CASINO, INC.
    $.01 par common
ROADWAY SERVICES, INC.
    No par common
ROBEC, INC.
    $.01 par common
ROGERS CANTEL MOBILE COMMUNICATIONS, INC.
    Class B, no par subordinated voting shares
ROPAK CORPORATION
    $.01 par common
ROUSE COMPANY, THE
    $.01 par common
    Series A, convertible preferred stock
RS FINANCIAL CORPORATION
    $1.00 par common
RULE INDUSTRIES, INC.
    $.01 par common
SCIGENICS, INC.
    $.01 par callable common
SCOTTS COMPANY, THE
    Class A, $.01 par common
SHELTON BANCORP, THE (CT)
    $1.00 par common
SHL SYSTEMHOUSE INC.
    No par common
SIMMONS OUTDOOR CORPORATION
    $.01 par common
SUNBELT COMPANIES, INC., THE
    $.01 par common
SUNRISE BANCORP, INC. (NY)
    $.10 par common
SYNTRO CORPORATION
    $.01 par common
UNIVAX BIOLOGICS, INC.
    $.01 par common
WEST ONE BANCORP (ID)
    $1.00 par common
WSB BANCORP, INC. (MO)
    $.01 par common
XYLOGICS, INC.
    $.10 par common

Additions to the List of Marginable OTC Stocks

A.D.A.M. SOFTWARE, INC.
    $.01 par common
AASCHE TRANSPORTATION SERVICES, INC.
    Warrants (expire 02-09-2000)
ABACAN RESOURCE CORPORATION
    No par common
ACCENT SOFTWARE INTERNATIONAL
    Ordinary shares par NIS .01
ACTIVE APPAREL GROUP, INC.
    $.002 par common
ADEPT TECHNOLOGY, INC.
    No par common
ADVANCED ENERGY INDUSTRIES, INC.
    $.001 par common
ADVANCED LIGHTING TECHNOLOGIES, INC.
    $.001 par common
ADVENT SOFTWARE, INC.
    $.01 par common
AFFILIATED COMMUNITY BANCORP, INC.
    $.01 par common
AFFINITY TELEPRODUCTIONS, INC.
    $.01 par common
AIR CANADA CORPORATION
    Class A, non-voting par common
AJAY SPORTS, INC.
    Series C, 10% par cumulative convertible preferred
ALL AMERICAN COMMUNICATIONS, INC.
    Class B, non-voting, $.0001 par common
AMBANC HOLDING CO., INC.
    $.01 par common
AMERICAN ECO CORPORATION
    No par common
AMERIN CORPORATION
    $.01 par common
AMISYS MANAGED CARE SYSTEMS, INC.
    $.001 par common
AML COMMUNICATIONS, INC.
    $.01 par common
AMX CORPORATION
    $.01 par common
APPLIED MICROSYSTEMS CORPORATION
    $.01 par common
ARBOR SOFTWARE CORPORATION
    $.001 par common
AREA BANCSHARES CORPORATION
    No par common
ARGYLE TELEVISION, INC.
    Class A, $.01 par common
ARIEL CORPORATION
    $.001 par common
    Warrants (expire 01-25-2000)
ASCENT ENTERTAINMENT GROUP, INC.
    $.01 par common
BALLARD POWER SYSTEMS, INC.
    No par common
BALLY TOTAL FITNESS HOLDING CORPORATION
    $.01 par common
BE SEMICONDUCTOR INDUSTRIES NV
    Ordinary shares par NLG 5.00
BENCHMARQ MICROELECTRONICS, INC.
    $.001 par common
CALIFORNIA MINING CORPORATION

[[Page 2670]]

    No par common
CALLON PETROLEUM COMPANY
    Series A, $.01 par convertible exchangeable preferred
CAPITAL CORP OF THE WEST
    No par common
CARDIOMETRICS, INC.
    $.01 par common
CARDIOVASCULAR DIAGNOSTICS, INC.
    $.001 par common
CARNEGIE GROUP, INC.
    $.01 par common
CASTELLE
    No par common
CATALYST INTERNATIONAL, INC.
    $.01 par common
CELERITEK, INC.
    No par common
CFC INTERNATIONAL, INC.
    $.01 par common
CHANTAL PHARMACEUTICAL CORPORATION
    $.01 par common
CHARTER FINANCIAL, INC.
    $.10 par common
CHARTER POWER SYSTEMS, INCORPORATED
    $.01 par common
CHARTWELL RE CORPORATION
    $.01 par common
CITRIX SYSTEMS, INC.
    $.001 par common
CITYSCAPE FINANCIAL CORPORATION
    $.01 par common
CKS GROUP, INC.
    $.001 par common
CLARIFY INC.
    $.0001 par common
COMPLETE MANAGEMENT, INC.
    $.001 par common
COMPUMED, INC.
    $.01 par common
COMSTOCK BANK (Nevada)
    $.50 par common
CONSOLIDATED DELIVERY & LOGISTICS, INC.
    $.01 par common
COOPER & CHYAN TECHNOLOGY, INC.
    $.01 par common
CORESTAFF, INC.
    $.01 par common
CORTECS INTERNATIONAL LIMITED
    American Depositary Receipts
CORVITA CORPORATION
    $.001 par common
COUNTRY STAR RESTAURANTS, INC.
    $.001 par common
    Series A, 6% par cumulative convertible prefered
CRONOS GROUP, THE
    $2.00 par common
DATAWORKS CORPORATION
    No par common
DIAGNOSTIC HEALTH SERVICES, INC.
    No par common
    Warrants (expire 06-22-98)
DIEHL GRAPHSOFT, INC.
    No par common
EAGLE USA AIRFREIGHT, INC.
    $.001 par common
EFFECTIVE MANAGEMENT SYSTEMS, INC.
    Warrants (expire 09-06-2005)
ELCOM INTERNATIONAL, INC.
    $.01 par common
ELECTROSTAR, INC.
    $.01 par common
ELEXSYS INTERNATIONAL, INC.
    $1.00 par common
EMCOR GROUP, INC.
    $.01 par common
ENTERPRISE SYSTEMS, INC.
    $.01 par common
EQUIVISION INC.
    No par common
ERGO SCIENCE CORPORATION
    $.01 par common
ESTENDED STAY AMERICA, INC.
    $.01 par common
ETEC SYSTEMS, INC.
    $.01 par common
FIRST CITY FINANCIAL CORPORATION
    $.01 par special B preferred
FIRST COMMONWEALTH, INC.
    $.001 par common
FIRST FINANCIAL BANCORP, INC. (Florida)
    No par common
FIRST SAVINGS BANK OF WASHINGTON BANCORP, INC.
    $.01 par common
FLUSHING FINANCIAL CORPORATION
    $.01 par common
FOREFRONT GROUP, INC., THE
    $.01 par common
FRACTAL DESIGN CORPORATION
    $.001 par common
FRENCH FRAGRANCES, INC.
    $.01 par common
FUISZ TECHNOLOGIES, LTD.
    $.01 par common
GCR HOLDINGS, LIMITED
    $.10 par ordinary shares
GELTEX PHARMACEUTICALS, INC.
    $.01 par common
GENSIA, INC.
    Rights (expire 12-31-96)
GLENDALE FEDERAL BANK, FSB (California)
    Warrants (expire 08-21-2000)
GLIATECH INC.
    $.01 par common
GT INTERACTIVE SOFTWARE CORPORATION
    $.01 par common
GUARANTEE LIFE COMPANIES, INC., THE
    $.01 par common
GYNECARE INC.
    $.01 par common
HALSTEAD ENERGY CORPORATION
    $.001 par common
HART BREWING, INC.
    $.01 par common
HELP AT HOME, INC.
    $.02 par common
    Warrants (expire 12-05-2000)
HENRY SCHEIN, INC.
    $.01 par common
HFNC FINANCIAL CORPORATION
    $.01 par common
HIGHLAND FEDERAL BANK, F.S.B. (California)
    $1.00 par common
HOME CENTERS (DIY) LIMITED
    Ordinary Shares par NIS 1.00
HOME HEALTH CORPORATION OF AMERICA, INC.
    $.01 par common
IDX SYSTEMS CORPORATION
    $.01 par common
IMAGE SENSING SYSTEMS, INC.
    $.01 par common
IMPERIAL GINSENG PRODUCTS LIMITED
    No par common
IMPERIAL THRIFT AND LOAN ASSOCIAION
    No par common
INCYTE PHARMACEUTICALS, INC.
    $.001 par common
INSIGNIA SOLUTIONS, PLC
    American Depositary Receipts
INTEVAC, INC
    No par common
INVESTORS FINANCIAL SERVICES CORPORATION
    $.01 par common
IPSWICH SAVINGS BANK (Massachusetts)
    $.10 par common
ITALIAN OVEN, INC., THE
    $.01 par common
ITEX CORPORATION
    $.01 par common
JAVA CENTRALE, INC.
    No par common
JERRY'S FAMOUS DELI, INC.
    No par common
KENSEY NASH CORPORATION
    $.001 par common
LAFAYETTE INDUSTRIES, INC.
    $.01 par common
LASALLE RE HOLDINGS, LIMITED
    $1.00 par common
LEARMONTH & BURCHETT MANAGEMENT SYSTEMS, INC.
    American Depositary Receipts
LEARNING TREE INTERNATIONAL, INC.
    $.0001 par common
LERNOUT & HAUSPIE SPEECH PRODUCTS, N.V.
    No par common
LEXINGTON GLOBAL ASSET MANAGERS, INC.
    $.01 par common
LITTLE FALLS BANCORP, INC.
    $.10 par common
LOGANSPORT FINANCIAL CORP.
    No par common
LUCOR, INC.
    Class A, $.02 par common
LUMISYS INCORPORATED
    $.001 par common
M.A.I.D., PLC
    American Depositary Receipts
MECON, INC.
    $.001 par common
META GROUP, INC.
    $.01 par common
META-SOFTWARE, INC.
    No par common
METATOOLS, INC.
    $.001 par common
MICROFIELD GRAPHICS, INC.
    No par common
MID-IOWA FINANCIAL CORP.
    $.01 par common
MIDDLEBY CORPORATION, THE
    $.01 par common
MOBILE MINI, INC.
    $.01 par common
MOLECULAR DEVICES CORPORATION
    $.001 par common
MORROW SNOWBOARDS, INC.
    No par common
NAPRO BIOTHERAPEUTICS, INC.
    $.0075 par common
    Warrants (expire 08-01-98)
NATIONAL SURGERY CENTERS, INC.
    $.01 par common
NATIONAL WIRELESS HOLDINGS, INC.
    $.01 par common
NETWORK APPLIANCE CORPORATION
    No par common
NEUROMEDICAL SYSTEMS, INC. 

[[Page 2671]]

    $.0001 par common
NIMBUS CD INTERNATIONAL, INC.
    $.01 par common
NOODLE KIDOODLE, INC.
    $.10 par common
NOR'WESTER BREWING COMPANY, INC.
    No par common
NORTHWEST PIPE COMPANY
    $.01 par common
NS & L BANCORP, INC. (Missouri)
    $.01 par common
NUCO2, INC.
    $.001 par common
OBJECTIVE SYSTEMS INTEGRATORS, INC.
    No par common
OLS ASIA HOLDINGS LIMITED
    American Depositary Receipts
    Redeemable purchase warrants (expire 12-18-98)
ON-GARD SYSTEMS, INC.
    $.001 par common
ORPHAN MEDICAL, INC.
    $.01 par common
PAN AMERICAN SILVER CORP.
    No par common
PAREXEL INTERNATIONAL CORPORATION
    $.01 par common
PATHOGENESIS CORPORATION
    $.001 par common
PATRIOT BANK CORPORATION
    $.01 par common
PEEKSKILL FINANCIAL CORPORATION
    $.01 par common
PERCLOSE INC.
    $.001 par common
PETE'S BREWING COMPANY
    No par common
PHARMACOPEIA, INC.
    $.0001 par common
PHARMACYCLICS, INC.
    $.0001 par common
PHARMHOUSE CORP.
    $.01 par common
PHOTON DYNAMICS, INC.
    No par common
PHYSIO-CONTROL INTERNATIONAL CORPORATION
    $.01 par common
PIXAR
    No par common
PPT VISION, INC.
    $.10 par common
QUAD CITY HOLDINGS, INC.
    $1.00 par common
QUINTEL ENTERTAINMENT, INC.
    $.001 par common
RADISYS CORPORATION
    No par common
RAINFOREST CARE, INC.
    No par common
RATTLESNAKE HOLDING COMPANY, INC., THE
    $.001 par common
RAYTEL MEDICAL CORPORATION
    $.01 par common
READICARE, INC.
    $.01 par common
REDWOOD TRUST, INC.
    Warrants (expire 12-31-97)
REGENT ASSISTED LIVING, INC.
    No par common
REPUBLIC SECURITY FINANCIAL CORPORATION (Florida)
    Series C, 7% par cumulative convertible preferred
RESOURCE MORTGAGE CAPITAL, INC.
    Series B, convertible preferred
RESPONSE ONCOLOGY, INC.
    $.01 par common
ROADWAY EXPRESS, INC.
    $.01 par common
ROSS TECHNOLOGY, INC.
    $.01 par common
RSI SYSTEMS, INC.
    $.01 par common
SAGEBRUSH INC.
    No par common
SAIPIENS INTERNATIONAL CORPORATION NV
    Common shares par NLG 1.00
SANDISK CORPORATION
    $.001 par common
SANO CORPORATION
    $.01 par common
SAVILLE SYSTEMS, PLC
    American Depositary Receipts
SCANVEC COMPANY (1990), LTD.
    Ordinary Shares NIS 1.00
SCHLOTZSKY'S INC.
    No par common
SCOPUS TECHNOLOGY, INC.
    $.001 par common
SECURE COMPUTING CORPORATION
    $.01 par common
SEL-LAB MARKETING, INC.
    $.01 par common
SHERIDAN HEALTHCARE, INC.
    $.01 par common
SILICON STORAGE TECHNOLOGY, INC.
    No par common
SIMON TRANSPORTATION SERVICES, INC.
    $.01 par common
SMART MODULAR TECHNOLOGIES, INC.
    No par common
SMT HEALTH SERVICES, INC.
    $.01 par common
    Warrants (expire 03-04-97)
SOFTWARE 2000, INC.
    $.01 par common
SOURCE MEDIA, INC.
    $.001 par common
SPACEHAB INCORPORATED
    No par common
SPACETEC IMC CORPORATION
    $.01 par common
SQA INC.
    $.01 par common
STAR GAS PARTNERS, L.P.
    Shares of beneficial interest
STERLING VISION, INC.
    $.01 par common
STOLT-NIELSEN S.A.
    American Depositary Receipts
SUPERIOR ENERGY SERVICES, INC.
    Class B, warrants (expire 12-08-2000)
SYNAPTIC PHARMACEUTICAL CORPORATION
    $.01 par common
SYNC RESEARCH, INC.
    $.001 par common
TCI COMMUNICATIONS, INC.
    Series A, 4\1/4\% par cumulative exchangeable preferred
TECHFORCE CORPORATION
    $.01 par common
TECHNOLOGY RESEARCH CORPORATION
    $.17 par common
TEE-COMM ELECTRONICS, INC.
    Purchase warrants (expire 11-22-96)
TEGAL CORPORATION LTD.
    $.01 par common
TEL-COM WIRELESS CABLE TV CORPORATION
    $.001 par common
TOLLGRADE COMMUNICATIONS, INC.
    $.20 par common
TRANS-INDUSTRIES, INC.
    $.10 par common
TRIPLE P, N.V.
    NLG .20 par common
ULTRADATA SYSTEMS, INC.
    $.01 par common
    Class A, warrants (expire 02-01-98)
UNISON HEALTHCARE CORPORATION
    $.001 par common
UNITED AIR SPECIALISTS, INC.
    No par common
UNITED PETROLEUM CORPORATION
    $.01 par common
USCI INC.
    $.0001 par common
VACATION BREAK U.S.A., INC.
    $.01 par common
VDC CORPORATION, LTD.
    $.10 par common
VENTURE SEISMIC, LTD.
    No par common
    Warrants (expire 11-06-2000)
VIEW TECH, INC.
    $.01 par common
    Warrants (expire 06-16-98)
VISIO CORPORATION
    $.01 par common
VISIONEER, INC.
    $.001 par common
VISTA 2000, INC.
    $.01 par common
VITRAN CORPORATION, INC.
    Class A, voting shares
WEGENER CORPORATION
    $.01 par common
WESTELL TECHNOLOGIES, INC.
    Class A, $.01 par common
WESTERN COUNTRY CLUBS, INC.
    $.01 par common
WESTERN PACIFIC AIRLINES, INC.
    $.001 par common
WIRELESS ONE, INC.
    $.01 par common
XATA CORPORATION
    $.01 par common
YES! ENTERTAINMENT CORPORATION
    No par common
ZORAN CORPORATION
    $.001 par common

    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 23, 1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-1489 Filed 1-26-96; 8:45 am]
BILLING CODE 6210-01-P