[Federal Register Volume 61, Number 209 (Monday, October 28, 1996)]
[Rules and Regulations]
[Pages 55555-55561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27541]


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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 the 
previous Foreign List.

EFFECTIVE DATE: November 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 the deletions from and 
additions to the Board's OTC List, which was last published on July 30, 
1996 (61 FR 39556), and became effective August 12, 1996. 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 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.
    Also listed below are the deletions from and additions to the 
Foreign List which was last published on July 29, 1996 (61 FR 39556) 
and became effective August 12, 1996. 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 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 the Foreign List.

Deletions From the List of Marginable OTC Stocks

Stocks Removed for Failing Continued Listing Requirements

AMERICAN WHITE CROSS, INC.
    $.01 par common
AW COMPUTER SYSTEMS, INC.
    Class A, $.01 par common
BEN FRANKLIN RETAIL STORES, INC.
    $.01 par common
BIOSYS, INC.
    No par common
BPI PACKAGING TECHNOLOGIES, INC.
    Class B, Warrants (expire 10-07-96)
CAPSTONE PHARMACY SERVICES, INC.
    Warrants (expire 08-23-96)
CEL-SCI CORPORATION
    Warrants (expire 02-06-97)
CLOTHESTIME, INC.
    $.001 par common
DANSKIN, INC.
    $.01 par common
DAVID WHITE, INC.
    $3.00 par common
DIACRIN INC.
    Units (expire 12-31-2000)
ERNST HOME CENTER, INC.
    $.01 par common
EV ENVIRONMENTAL, INC.
    $.01 par common
EXSTAR FINANCIAL CORPORATION
    $.01 par common
FIRST CHARTER BANK, N.A. (CA)
    $2.56 par common
FORREST OIL CORPORATION
    Warrants (expire 10-01-96)
GAMETEK, INC.
    $.01 par common
GANDER MOUNTAIN, INC.
    $.01 par common

[[Page 55556]]

INDEPENDENCE BANCORP, INC. (NJ)
    $1.00 par common
INTERSCIENCE COMPUTER CORPORATION
    Warrants (expire 11-15-96)
LIPOSOME COMPANY, INC., THE
    Depositary Shares
MAXUS ENERGY CORPORATION
    $4.00 par cumulative convertible preferred
MEDMARCO, INC.
    $.001 par common
NEW WORLD POWER CORPORATION
    $.01 par common
PEOPLE'S BANK (CT)
    8.5% Series A, no par noncumulative convertible preferred
RALLY'S HAMBURGERS, INC.
    Rights (expire 09-20-96)
REPUBLIC SECURITY FINANCIAL CORP.
    Series A, 7.5% par cumulative convertible preferred
SEVEN HILLS FINANCIAL CORPORATION
    No par common
SYQUEST TECHNOLOGY, INC.
    $.001 par common
TAPISTRON INTERNATIONAL, INC.
    $.0004 par common
    Warrants (expire 06-23-97)
TINSLEY LABORATORIES, INC.
    No par common
U.S. DIAGNOSTIC LABS, INC.
    Class B, warrants (expire 10-14-99)
U.S. HOMECARE CORPORATION
    $.01 par common
ULTRADATA SYSTEMS, INC.
    Class A, warrants (expire 02-01-98)
URETHANE TECHNOLOGIES, INC.
    $.01 par common
VETERINARY CENTERS OF AMERICA INC.
    Warrants (expire 10-10-96)
WATERMARC FOOD MANAGEMENT COMPANY
    $.05 par common
WEITZER HOMEBUILDERS, INC.
    Class A, $.01 par common

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

AES CORPORATION, THE
    $.01 par common
AGRIUM INC.
    No par common
ALEXANDER ENERGY CORPORATION
    $.03 par common
ALLEGIANCE BANC CORPORATION
    $1.00 par common
AMBAR, INC.
    $.01 par common
AMERICA ONLINE INC.
    $.01 par common
AMSERV HEALTHCARE INC.
    $.01 par common
APPLIED BIOSCIENCE INTERNATIONAL, INC.
    $.01 par common
ATRIA SOFTWARE, INC.
    $.01 par common
BAILEY CORPORATION
    $.10 par common
BAYBANKS, INC. (MA)
    $2.00 par common
BAYPORT RESTAURANT GROUP, INC.
    $.001 par common
BRENCO, INC.
    $1.00 par common
BROOKTREE CORPORATION
    No par common
BUGABOO CREEK STEAK HOUSE
    $.01 par common
BUILDERS WAREHOUSE ASSOCIATION
    $.008 par common
BW/IP, INC.
    Class A, $.01 par common
CANYON RESOURCES CORPORATION
    $.01 par common
CCB FINANCIAL CORPORATION
    $5.00 par common
CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
    $.01 par common
CFB BANCORP (FL)
    $2.00 par common
CFI INDUSTRIES, INC.
    $1.00 par common
CHARTER BANCSHARES, INC.
    $1.00 par common
CHARTWELL RE CORPORATION
    $.01 par common
CHROMCRAFT REVINGTON, INC.
    $.01 par common
CIRCLE FINANCIAL CORPORATION
    $1.00 par common
CITICASTERS INC.
    Class A, no par common
CITIZENS SECURITY GROUP, INC.
    $.01 par common
CLINTON GAS SYSTEMS INC.
    No par common
COMMERCE BANCORP, INC. (NJ)
    $1.5625 par common
COMPUTER IDENTICS CORPORATION
    $.10 par common
CTL CREDIT, INC.
    $.01 par common
DAIRY MART CONVENIENCE STORES
    Class A, $.01 par common
    Class B, $.01 par common
DAVIDSON & ASSOCIATES, INC.
    $10.00 par common
DNA PLANT TECHNOLOGY CORPORATION
    $.01 par common
    $.01 par convertible exchangeable
DOUGLAS & LOMASON COMPANY
    $2.00 par common
EATON VANCE CORPORATION
    Non-voting, $.125 par common
EQUITY INNS, INC.
    $.01 par common
FAHNESTOCK VINER HOLDINGS
    Class A, no par common
FAIRFAX BANK & TRUST COMP
    $1.25 par common
FINANCIAL SECURITY CORPOR
    $.01 par common
FINANCING FOR SCIENCE INTERNATIONAL INC.
    $.01 par common
    Warrants (expire 05-19-99)
FIREFOX COMMUNICATIONS, INC.
    $.001 par common
FIRST WASHINGTON REALTY TRUST, INC.
    $.01 par common
    Series A, cumulative convertible preferred
FLUOROSCAN IMAGING SYSTEM
    $.0001 par common
    Redeemable Warrants (expire 07-11-99)
GERIATRIC & MEDICAL COMPANIES, INC.
    $.10 par common
GOLF ENTERPRISES, INC.
    $.01 par common
GUEST SUPPLY, INC.
    No par common
HOMETOWN BANCORPORATION INC.
    $1.00 par common
HOMETOWN BUFFET, INC.
    $.01 par common
IMAGE INDUSTRIES, INC.
    $.01 par common
INNKEEPERS USA TRUST
    $.01 par common
INTERIM SERVICES INC.
    $.01 par common
INTERNATIONAL JENSEN INC.
    $.01 par common
INTERPOINT CORPORATION
    No par common
JLG INDUSTRIES, INC.
    $.20 par common
KAHLER REALTY CORPORATION
    $.10 par common
KFX INC.
    $.001 par common
LANDMARK GRAPHICS CORPORATION
    $.05 par common
LEADER FINANCIAL CORPORATION
    $1.00 par common
LOEWEN GROUP INC., THE
    No par common
LOMAK PETROLEUM, INC.
    $.01 par common
MAIC HOLDINGS, INC.
    $1.00 par common
MARK TWAIN BANCSHARES, INC.
    $1.25 par common
MDT CORPORATION
    $1.25 par common
MERCURY GENERAL CORPORATION
    No par common
MICROTEK MEDICAL, INC.
    $.01 par common
MIDLANTIC CORPORATION
    $3.00 par common
MISSISSIPPI CHEMICAL CORP.
    $.01 par common
MOUNTASIA ENTERTAINMENT INC.

[[Page 55557]]

    No par common
MSB BANCORP, INC. (NY)
    $.01 par common
N.S. BANCORP, INC. (IL)
    $.01 par common
NETSTAR, INC.
    $.01 par common
NETWORK EXPRESS, INC.
    No par common
NHS FINANCIAL, INC.
    No par common
NMR OF AMERICA, INC.
    $.01 par common
NYCOR, INC.
    $1.00 par common
    Class A, $1.00 par common
ORBIT SEMICONDUCTOR, INC.
    $.001 par common
PACIFIC BASIN BULK SHIPPING
    $.7327 par common
    Warrants (expire 09-30-99)
PARKWAY PROPERTIES, INC.
    $1.00 par common
PATLEX CORPORATION
    $.10 par common
PCI SERVICES, INC.
    $.001 par common
PEDIATRIX MEDICAL GROUP, INC.
    $.01 par common
PERPETUAL STATE BANK (NC)
    $5.00 par common
PET PRACTICE, INC., THE
    $.01 par common
PREMIER FINANCIAL BANCORP, INC.
    No par common
PROFESSIONAL SPORTS CARE MANAGEMENT INC.
    $.01 par common
QUAKER CHEMICAL CORPORATION
    $1.00 par common
REGIONAL ACCEPTANCE CORP.
    No par common
RENAISSANCERE HOLDINGS, LTD.
    $1.00 par common
RFS HOTEL INVESTORS, INC.
    $.01 par common
ROTO-ROOTER, INC.
    $1.00 par common
SCIENTIFIC GAMES HOLDING CORP.
    $.001 par common
SECURITY CAPITAL BANCORP (NC)
    No par common
SHAW GROUP, INC., THE
    $.01 par common
SIERRA ON-LINE, INC.
    $.01 par common
STATION CASINOS, INC.
    $.01 par common
    7% convertible preferred
SUNSTONE HOTEL INVESTORS, INC.
    $.01 par common
SYBRON CHEMICALS INC.
    $.01 par common
SYRATECH CORPORATION
    $.01 par common
SYSTEMED, INC.
    $.001 par common
THIRD FINANCIAL CORPORATION
    $.01 par common
TUCKER DRILLING COMPANY, INC.
    $.01 par common
U.S. HEALTHCARE, INC.
    $.005 par common
UNIROYAL CHEMICAL CORPORATION
    $.01 par common
UNITED COMPANIES FINANCIAL
    $2.00 par common
    $2.00 par convertible preferred
UUNET TECHNOLOGIES, INC.
    $.001 par common
VARITRONIC SYSTEMS, INC.
    $.01 par common
WESTCOTT COMMUNICATIONS, INC.
    $.01 par common
WFS BANCORP, INC. (KS)
    $.01 par common

Additions to the List of Marginable OTC Stocks

ABACUS DIRECT CORPORATION
    $.001 par common
ABT GLOBAL PHARMACEUTICAL CORPORATION
    No par common
ACCUMED INTERNATIONAL, INC.
    No par common
    Warrants (expire 10-14-97)
ACE*COMM CORPORATION
    $.01 par common
ACRODYNE COMMUNICATIONS, INC.
    $.01 par common
ADVANCE PARADIGM, INC.
    $.01 par common
ADVANCED DEPOSITION TECHNOLOGIES, INC.
    $.01 par common
ADVANCED DIGITAL INFORMATION CORPORATION
    No par common
ADVANCED FIBRE COMMUNICATIONS
    $.01 par common
ADVANCED HEALTH CORPORATION
    $.01 par common
AFSALA BANCORP, INC. (New York)
    $.01 par common
ALGOS PHARMACEUTICAL CORPORATION
    $.01 par common
AMB FINANCIAL CORPORATION
    $.01 par common
AMERICAN BANKERS INSURANCE GROUP
    Series B, $1.00 par preferred
AMERICAN DISPOSAL SERVICES, INC.
    $.01 par common
AMERICAN HEALTHCHOICE, INC.
    $.001 par preferred
ANACOMP, INC.
    $.01 par common
    Warrants (expire 06-03-2001)
ANCHOR FINANCIAL CORPORATION
    $6.00 par common
ANIKA RESEARCH, INC
    $.01 par common
APPLIED ANALYTICAL INDUSTRIES, INC.
    $.001 par common
ARQULE, INC.
    $.01 par common
ASIA PACIFIC RESOURCES, LTD.
    No par common
ATRIA COMMUNITIES, INC.
    $.10 par common
AULT INCORPORATED
    No par common
AWARE, INC.
    $.01 par common
BANK OF LOS ANGELES
    No par common
    Warrants (expire 12-01-98)
BANK UNITED CORPORATION
    $.01 par common
BARBERS HAIRSTYLING FOR MEN & WOMEN, INC., THE
    $.01 par common
BEVERLY BANCORPORATION, INC.
    $.01 par common
BIG ENTERTAINMENT, INC.
    $.01 par common
BILLING INFORMATION CONCEPTS CORPORATION
    $.01 par common
BLYVOORUITZICHT GOLD MINING COMPANY LIMITED
    American Depositary Receipts
BRE-X MINERALS, LIMITED
    No par common
BUFFELSFONTEIN GOLD MINES, LTD.
    American Depositary Receipts
BUSINESS & PROFESSIONAL BANK (California)
    No par common
C. R. ANTHONY COMPANY
    $.01 par common
CADUS PHARMACEUTICAL CORPORATION
    $.01 par common
CALIFORNIA INDEPENDENT BANCORP.
    No par common
CAMBRIDGE HEART, INC.
    $.001 par common
CARRIAGE SERVICES, INC.
    Class A, $.01 par common
CCC INFORMATION SERVICES GROUP, INC.
    $.10 par common
CELLEGY PHARMACEUTICALS, INC.
    No par common
CELLNET DATA SYSTEMS, INC.
    $.001 par common
CHEROKEE INC.
    $.02 par common
CHESTER BANCORP, INC.
    $.01 par common
CHROMATICS COLOR SCIENCES
    $.001 par common
CLAREMONT TECHNOLOGY GROUP, INC.
    No par common
CN BIOSCIENCES, INC.
    $.01 par common
COFFEE PEOPLE, INC.
    No par common
COINMACH LAUNDRY CORPORATION

[[Page 55558]]

    $.01 par common
COLOSSAL RESOURCES CORPORATION
    No par common
COMPANY DOCTOR, THE
    $.01 par common
CONNECT, INC.
    $.001 par common
CONTROL DEVICES, INC.
    $.01 par common
COSTILLA ENERGY, INC.
    $.01 par common
COUNTY BANK OF CHESTERFIELD (Virginia)
    $5.00 par common
CSI COMPUTER SPECIALISTS, INC.
    Class A, $.001 par common
CUNO INCORPORATED
    $.001 par common
CYMER, INC.
    $.01 par common
D&E COMMUNICATIONS, INC.
    $.16 par common
DAILEY PETROLEUM SERVICES CORPORATION
    Class A, $.01 par common
DBT ONLINE, INC.
    $.10 par common
DIACRIN, INC.
    $.01 par common
    Warrants (expire 12-31-2000)
DIALYSIS CORPORATION OF AMERICA
    $.01 par common
DIEDRICH COFFEE
    No par common
DIGEX, INCORPORATED
    $.01 par common
DIGITAL SOLUTIONS, INC.
    $.001 par common
DNAP HOLDING CORPORATION
    $.01 par common
DOCUMENT SCIENCES CORPORATION
    $.001 par common
DURA AUTOMOTIVE SYSTEMS, INC.
    Class A, $.01 par common
DURBAN ROODEPOORT DEEP, LTD.
    American Depositary Receipts
DYNAMEX, INC.
    $.01 par common
DYNAMIC HEALTHCARE TECHNOLOGIES, INC.
    $.01 par common
DYNAMOTIVE TECHNOLOGIES CORPORATION
    No par common
E*TRADE GROUP, INC.
    $.01 par common
EINSTEIN/NOAH BAGEL CORPORATION
    $.01 par common
ELECTROSOURCE, INC.
    $.10 par common
FAXSAV INCORPORATED
    $.01 par common
FILM ROMAN, INC.
    $.01 par common
FIRST ALLIANCE CORPORATION
    Class A, no par common
FIRST ENTERPRISE FINANCIAL GROUP, INC.
    $.01 par common
FIRST M & F CORPORATION
    $5.00 par common
FLANDERS CORPORATION
    $.001 par common
FOTOBALL USA, INC.
    $.01 par common
    Warrants (expire 08-12-99)
FOUNTAIN POWERBOAT INDUSTRIES, INC.
    $.01 par common
FPIC INSURANCE GROUP, INC.
    $.10 par common
FX ENERGY, INC.
    $.001 par common
GARGOYLES, INC.
    No par common
GERON CORPORATION
    $.001 par common
GKN HOLDING CORPORATION
    $.0001 par common
GOLDEN BEAR GOLF, INC.
    Class A, $.01 par common
GRADALL INDUSTRIES, INC.
    $.01 par common
GRAND PREMIER FINANCIAL, INC.
    $.01 par common
GREENSTONE RESOURCES, LTD.
    No par common
GROOTVLEI PROPRITARY MINES
    American Depositary Receipts
HARMONY GOLD MINING CO., LTD.
    American Depositary Receipts
HEALTHCOR HOLDINGS, INC.
    $.01 par common
HIBBETT SPORTING GOODS, INC.
    $.01 par common
HOME BANCORP OF ELGIN, INC.
    $.01 par common
HOT TOPIC, INC.
    No par common
HOUSE OF FABRICS, INCORPORATED
    $.01 par common
HVIDE MARINE INCORPORATED
    Class A, $.001 par common
INAMED CORPORATION
    $.01 par common
INDUSTIR-MATEMATIK INTERNATIONAL CORPORATION
    $.01 par common
INTEGRATED LIVING COMMUNITIES, INC.
    $.01 par common
INTELLIGROUP, INC.
    $.01 par common
INTENSIVA HEALTHCARE CORPORATION
    $.001 par common
INTERLINK COMPUTER SCIENCES, INC.
    $.001 par common
INTERNATIONAL NETWORK SERVICES
    No par common
INTERWEST HOME MEDICAL, INC.
    No par common
INVISION TECHNOLOGIES, INC.
    $.001 par common
J. W. CHARLES FINANCIAL SERVICES, INC.
    $.001 par common
JACOR COMMUNICATIONS, INC.
    Warrants (expire 09-18-2001)
KAPSON SENIOR QUARTERS CORPORATION
    $.01 par common
KARRINGTON HEALTH, INC.
    No par common
KITTY HAWK, INC.
    $.01 par common
KUSHNER-LOCKE COMPANY, THE
    Series C warrants, (expire 07-25-2001)
LAMAR ADVERTISING COMPANY
    $.0001 par common
LARSON-DAVIS INCORPORATED
    $.001 par common
LASER INDUSTRIES LIMITED
    Ordinary shares (par NIS 0.0001)
LASON, INC.
    $.01 par common
LCC INTERNATIONAL, INC.
    Class A, $.01 par common
LEAP GROUP, INC., THE
    $.01 par common
LIGHTBRIDGE, INC.
    $.01 par common
LIGHTPATH TECHNOLOGIES, INC.
    Class A, $.01 par common
LIQUIDATION WORLD, INC.
    No par common
LUTHER MEDICAL PRODUCTS, INC.
    No par common
MARKWEST HYDROCARBON, INC.
    $.01 par common
MATRIX CAPITAL CORPRATION
    $.01 par common
McM CORPORATION
    $1.00 par common
MEDI-JECT CORPORATION
    $.01 par common
MEDICAL ALLIANCE, INC.
    $.002 par common
MEMBERWORKS, INC.
    $.01 par common
MEMCO SOFTWARE LIMITED
    Ordinary shares (NIS .01)
METRO NETWORKS, INC.
    $.001 par common
METRO ONE TELECOMMUNICATIONS, INC.
    No par common
METZLER GROUP, INC., THE
    $.001 par common
MICROCAP FUND, INC., THE
    $.01 par common
MICROVISION, INC.
    No par common
    Warrants (expire 08-27-2001)
MID-PENINSULA BANCORP (California)
    No par common
MIDWEST FEDERAL FINANCIAL CORPORATION
    $.01 par common

[[Page 55559]]

MIM CORPORATION
    $.0001 par common
MODACAD, INC.
    No par common
MOTORVAC TECHNOLOGIES, INC.
    $.01 par common
MOUNTAIN PROVINCE MINING, INC.
    No par common
NASTECH PHARMACEUTICAL COMPANY INC.
    Warrants (expire 12-07-96)
NEOTHERAPEUTICS, INC.
    No par common
    Warrants (expire 09-26-2001)
NETVANTAGE, INC.
    Class A, $.001 par common
    Warrants (expire 05-03-2000)
NEW YORK BAGEL ENTERPRISES, INC.
    $.01 par common
NITINOL MEDICAL TECHNOLOGIES, INC.
    $.001 par common
NORTH COUNTY BANCORP (California)
    No par common
NU-TECH BIO-MED, INC.
    $.01 par common
OBJECT DESIGN, INC.
    $.001 par common
OCWEN FINANCIAL CORPORATION
    $.01 par common
ON COMMAND CORPORATION
    $.01 par common
OPTIKA IMAGING SYSTEMS, INC.
    No par common
ORCKIT COMMUNICATIONS LIMITED
    Ordinary shares (NIS .10)
PACIFIC GATEWAY EXCHANGE, INC.
    $.001 par common
PARK BANCORP, INC. (Illinois)
    $.01 par common
PARTS SOURCE, INC., THE
    $.001 par common
PEERLESS GROUP, INC.
    $.01 par common
PEERLESS SYSTEMS CORPORATION
    $.001 par common
PEGASUS COMMUNICATIONS CORPORATION
    Class A, $.01 par common
PEGASYSTEMS, INC.
    $.01 par common
PETROLEUM SECURITIES AUSTRALIA LIMITED
    American Depositary Receipts
PINNACLE BANC GROUP, INC.
    $4.69 par common
PREMIS CORPORATION
    $.01 par common
PRO-DEX, INC.
    No par common
PROFESSIONAL STAFF, PLC
    American Depositary Receipts
Q.E.P. CO., INC.
    $.001 par common
QUADRAMED CORPORATION
    $.01 par common
R & G FINANCIAL CORPORATION
    Class B, $.01 par common
R.H. PHILLIPS, INC.
    No par common
RALLY'S HAMBURGERS, INC.
    Warrants (expire 09-26-2000)
RASTER GRAPHICS, INC.
    $.001 par common
RCM TECHNOLOGIES, INC.
    $.05 par common
REDWOOD TRUST, INC.
    9.74% Class B, $.01 par cumulative convertible preferred
RELIANCE BANCSHARES, INC.
    $1.00 par common
RELIV' INTERNATIONAL, INC.
    No par common
RENTAL SERVICE CORPORATION
    $.01 par common
RESEARCH ENGINEERS, INC.
    $.01 par common
RESOURCES MORTGAGE CAPITAL, INC.
    Series C, par cumulative convertible preferred
RESPONSE USA, INC.
    $.008 par common
RESTRAC, INC.
    $.01 par common
RMH TELESERVICES, INC.
    No par common
ROCKSHOX, INC.
    $.01 par common
ROFIN-SINAR TECHNOLOGIES, INC.
    $.01 par common
RT INDUSTRIES, INC.
    $.001 par common
SCHMITT INDUSTRIES, INC.
    No par common
SECURITY BANK HOLDING COMPANY
    $5.00 par common
SEILER POLLUTION CONTROL SYSTEMS, INC.
    $.0001 par common
SELECT SOFTWARE TOOLS PLC
    American Depositary Receipts
SERVICE EXPERTS, INC.
    $.01 par common
SHELL SEAFOOD RESTAURANTS, INC.
    $.01 par common
SIGNATURE RESORTS, INC.
    $.01 par common
SILICON GAMING, INC.
    $.001 par common
SKYLANDS COMMUNITY BANK (New Jersey)
    $2.50 par common
SMARTSERV ONLINE, INC.
    $.01 par common
SOLAR-MATES, INC.
    $.001 par common
    Warrants (expire 09-29-2000)
SOURCE SERVICES CORPORATION
    $.02 par common
SOUTH STREET FINANCIAL CORPORATION
    No par common
SPECIALTY CATALOG CORPORATION
    $.01 par common
SPLASH TECHNOLOGY HOLDINGS, INC.
    $.001 par common
SRS LABS, INC.
    $.001 par common
STAFFMARK, INC.
    $.01 par common
STAT HEALTHCARE, INC.
    $.01 par common
    Warrants (expire 04-21-98)
STERICYCLE, INC.
    $.01 par common
STERILE RECOVERIES, INC.
    $.001 par common
STORM TECHNOLOGY, INC.
    $.001 par common
STRAYER EDUCATION, INC.
    $.01 par common
STRONGSVILE SAVINGS BANK (Ohio)
    No par common
SUBURBAN OSTOMY SUPPLY CO., INC.
    No par common
SUMMIT BANK CORPORATION
    No par common
SUMMIT DESIGN, INC.
    $.01 par common
SUPERIOR CONSULTANT HOLDINGS CORPORATION
    $.01 par common
SWISSRAY INTERNATIONAL, INC.
    $.01 par common
SYNTHETECH, INC.
    $.001 par common
TALX CORPORATION
    $.01 par common
TECHNICLONE INTERNATIONAL CORPORATION
    No par common
TECHNOLOGY MODELING ASSOCIATES, INC.
    No par common
TECHNOLOGY SERVICE GROUP, INC.
    $.01 par common
    Warrants (expire 05-09-99)
TELCO COMMUNICATIONS GROUP, INC.
    No par common
TELESPECTRUM WORLDWIDE, INC.
    $.01 par common
TELETECH HOLDINGS, INC.
    $.01 par common
TELETEK, INC.
    $.0001 par common
THORN PLC
    American Depositary Receipts
TRANSACT TECHNOLOGIES, INCORPORATED
    $.01 par common
TRANSKARYOTIC THERAPIES, INC.
    $.01 par common
TRI-POINT MEDICAL CORPORATION
    $.01 par common
TRITEAL CORPORATION
    $.001 par common
TRUSTED INFORMATION SYSTEMS, INC.
    $.01 par common

[[Page 55560]]

TV FILME, INC.
    $.01 par common
U. S. OPPORTUNITY SEARCH, INC.
    $.001 par common
UNIONBANCORP, INC. (Illinois)
    $1.00 par common
UNITED BANCORP, INC. (Ohio)
    $1.00 par common
UNIVERSAL OUTDOOR HOLDINGS, INC.
    $.01 par common
USANA, INC.
    No par common
VENTANA MEDICAL SYSTEMS, INC.
    $.001 par common
VERSANT OBJECT TECHNOLOGY
    No par common
VIATEL INC.
    $.01 par common
VION PHARMACEUTICALS, INC.
    $.01 par common
VISIGENIC SOFTWARE, INC.
    $.001 par common
WARP 10 TECHNOLOGIES, INC.
    No par common
WESTWOOD HOMESTEAD FINANCIAL CORPORATION
    $.01 par common
WHITE PINE SOFTWARE, INC.
    $.01 par common
WILLIS LEASE FINANCE CORPORATION
    No par common
WINTON FINANCIAL CORPORATION
    No par common
XAVIER CORPORATION
    $.0001 par common
XIONICS DOCUMENT TECHNOLOGIES, INC.
    $.01 par common
XLCONNECT SOLUTIONS, INC.
    $.01 par common
XOMED SURGICAL PRODUCTS, INC.
    $.01 par common

Deletions to the Foreign Margin List

AUSTRALIA

GOLD MINES OF KALGOORLIE LIMITED
    Ordinary shares, par A$0.05
POSGOLD LIMITED
    Ordinary shares, par A$0.10

CANADA

DIAMOND FIELDS RESOURCES INC.
    No par common
HEMLO GOLD MINES INC.
    No par common
SCOTT'S HOSPITALITY INC.
    No par common subordinate-voting
TORONTO SUN PUBLISHING CORPORATION
    No par common

FRANCE

DOCKS DE FRANCE SA
    Ordinary shares, par 10 French francs
ECCO SA
    Ordinary shares, par 25 French francs
POLIET SA
    Ordinary shares, par 50 French francs

GERMANY

ASKO DEUTSCHE KAUFHAUS AG
    Bearer shares par DM 50
KAUFHOF HOLDING AG
    Bearer shares, par DM 50
KAUFHOF HOLDING AG
    Non-Voting Preferred, par DM 50

ITALY

SME SOCIETA MERIDIONALE FINANZIARIA
    Ordinary shares, par 1,000 lira

JAPAN

HONSHU PAPER CO., LTD.
     50 par common
MITSUBISHI WAREHOUSE & TRANSPORTATION CO., LTD.
     50 par common

NORWAY

SMEDVIG ASA
    Common Shares, par 3 Norwegian krone
TRANSOCEAN ASA
    Common Shares, par 5 Norwegian krone

SINGAPORE

AMCOL HOLDINGS LTD.
    Ordinary shares, par S$0.25

SWITZERLAND

WINTERTHUR SCHWEIZER. VERSICHERUNGS GES.
    Bearer shares, par 20 Swiss francs

UNITED KINGDOM

APV PLC
    Ordinary shares, par 10 p
BET PLC
    Ordinary shares, par value 25 p
BILTON PLC
    Ordinary shares, par .125 p
DAWSON INTERNATIONAL PLC
    Ordinary shares, par 25 p
FISONS PLC
    Ordinary shares, par value 25 p
FORTE PLC
    Ordinary shares, par value 25 p
LAING (JOHN) PLC
    Ordinary shares, par 25 p
LAING (JOHN) PLC
    A Ordinary Non-voting 25 p
MERCHANTS TRUST PLC, THE
    Ordinary shares, par 25 p
SUN ALLIANCE GROUP PLC
    Ordinary shares, par 25 p
TSB GROUP PLC
    Ordinary shares, par value 25 p
WILLIAM BAIRD PLC
    Ordinary shares, par 50 p

Additions to the Foreign Margin List

GERMANY

METRO AG
    Bearer shares, par DM 50
METRO AG
    Preferred Type 1, par DM 50

ITALY

ISTITUTO BANCARIO SAN PAOLO DITORINO
    Ordinary shares, par 10,000 lira
MEDIASET SPA
    Ordinary shares, par 1,000 lira

MEXICO

APASCO SA
    Ordinary shares, no par common
CARSO GLOBAL TELECOM S.A. DE C.V.
    No par common
CEMEX S.A. DE C.V. (CPO)
    No par common
EMPRESAS LA MODERNA S.A. DE C.V.
    Class Series A registered, no par common
GRUMA S.A. DE C.V.
    Series 1-B fixed, no par common
GRUPO FINANCIERO BANAMMEX ACCIVAL S.A. DE C.V.
    Series L, no par variable ordinary shares
GRUPO FINANCIERO BANCOMER S.A. DE C.V.
    Series L registered, no par common
GRUPO FINANCIERO BANCOMER S.A. DE C.V.
    Series B, no par common
GRUPO FINANCIERO INBURSA S.A. DE C.V.
    Series B, no par common
GRUPO MEXICO S.A. DE C.V.
    Series B, no par common
INDUSTRIAS PENOLES S.A. DE C.V.
    No par common

NORWAY

SMEDVIG ASA
    A shares, par 3 Norwegian krone
SMEDVIG ASA
    B shares, par 3 Norwegian krone

UNITED KINGDOM

ALLIANCE TRUST PLC
    Ordinary shares, par 25 p
BRITISH BIOTECH GROUP PLC
    Ordinary shares, par 5 p
CALEDONIA INVESTMENT PLC
    Ordinary shares, par 5 p
COMPASS GROUP PLC
    Ordinary shares, par 5 p
COWIE GROUP PLC
    Ordinary shares, par 5 p
DAILY MAIL & GENERAL TRUST PLC
    A Ordinary Shares, non-voting par 50 p
EMAP PLC
    Ordinary Shares, par 25 p
HAYS PLC
    Ordinary shares, par 1 p
LAIRD GROUP PLC
    Ordinary shares, par 25 p

[[Page 55561]]

ORANGE PLC
    Ordinary shares, par 20 p
PERPETUAL PLC
    Ordinary shares, par 10 p
RAILTRACK GROUP PLC
    Ordinary shares, par 25 p
REFUGE GROUP PLC
    Ordinary shares, par 5 p
SCOTTISH INVESTMENT TRUST PLC
    Ordinary shares, par 25 p
SCOTTISH MORTGAGE & TRUST PLC
    Ordinary shares, par 25 p
SECURICOR PLC
    Ordinary shares, par 5 p
STAGECOACH HOLDINGS PLC
    Ordinary shares, par 2.5 p
THORN PLC
    Ordinary shares, par 25 p
WPP GROUP PLC
    Ordinary shares, par 10 p

    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)), October 22, 1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-27541 Filed 10-25-96; 8:45 am]
BILLING CODE 6210-01-P