[Federal Register Volume 67, Number 161 (Tuesday, August 20, 2002)]
[Rules and Regulations]
[Pages 53875-53876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-21188]



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 Rules and Regulations
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 to and codified in the Code of Federal Regulations, which is published 
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  Federal Register / Vol. 67, No. 161 / Tuesday, August 20, 2002 / 
Rules and Regulations  

[[Page 53875]]



FEDERAL RESERVE SYSTEM

12 CFR Part 220

[Regulation T]


Credit by Brokers and Dealers; 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 Foreign Margin Stocks (Foreign List) is composed 
of certain foreign equity securities that qualify as margin securities 
under Regulation T. The Foreign List is published twice a year by the 
Board.

EFFECTIVE DATE: September 1, 2002.

FOR FURTHER INFORMATION CONTACT: Peggy Wolffrum, Financial Analyst, 
Division of Banking Supervision and Regulation, (202) 452-2837, or 
Scott Holz, Senior Counsel, Legal Division, (202) 452-2966, Board of 
Governors of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION: Listed below is a complete edition of the 
Board's Foreign List. The Foreign List was last published on February 
22, 2002 (67 FR 8182), and became effective March 1, 2002. There are no 
additions to or deletions from the Foreign List.
    The Foreign List is composed of foreign equity securities that 
qualify as margin securities under Regulation T by meeting the 
requirements of Sec. 220.11(c) and (d). Additional foreign securities 
qualify as margin securities if they are deemed by the Securities and 
Exchange Commission (SEC) to have a ``ready market'' under SEC Rule 
15c3-1 (17 CFR 240.15c3-1) or a ``no-action'' position issued 
thereunder. This includes all foreign stocks in the FTSE World Index 
Series.
    It is unlawful for any creditor to make, or cause to be made, any 
representation to the effect that the inclusion of a security on the 
Foreign List is evidence that the Board or the SEC has in any way 
passed upon the merits of, or given approval to, such security or any 
transactions therein. Any statement in an advertisement or other 
similar communication containing a reference to the Board in connection 
with the Foreign List or the stocks thereon shall be an unlawful 
representation.

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 Foreign List specified in Sec. 220.11(c) 
and (d). 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 the Foreign List as soon as 
possible. The Board has responded to a request by the public and 
allowed approximately a one-week delay before the Foreign List is 
effective.

List of Subjects in 12 CFR Part 220

    Brokers, Credit, Margin, Margin requirements, Investments, 
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 220.2 and 220.11, there is set forth 
below a complete edition of the Foreign List.

Japan

Akita Bank, Ltd.
    1/87/21/53/850 par common
Aomori Bank, Ltd.
    1/87/21/53/850 par common
Asatsu-DK Inc.
    1/87/21/53/850 par common
Bandai Co., Ltd.
1/87/21/53/850 par common
Bank of Nagoya, Ltd.
    1/87/21/53/850 par common
Chudenko Corp.
    1/87/21/53/850 par common
Chugoku Bank, Ltd.
    1/87/21/53/850 par common
Clarion Co., Ltd.
    1/87/21/53/850 par common
Daihatsu Motor Co., Ltd.
    1/87/21/53/850 par common
Dainippon Screen Mfg. Co., Ltd.
    1/87/21/53/850 par common
Denki Kagaku Kogyo
    1/87/21/53/850 par common
Eighteenth Bank, Ltd.
    1/87/21/53/850 par common
Futaba Corp.
    1/87/21/53/850 par common
Futaba Industrial Co., Ltd.
    1/87/21/53/850 par common
Higo Bank, Ltd.
    1/87/21/53/850 par common
Hitachi Software Engineering Co., Ltd.
    1/87/21/53/850 par common
Hokkoku Bank, Ltd.
    1/87/21/53/850 par common
Hokuetsu Paper Mills, Ltd.
    1/87/21/53/850 par common
Iyo Bank, Ltd.
    1/87/21/53/850 par common
Japan Airport Terminal Co., Ltd.
    1/87/21/53/850 par common
Juroku Bank, Ltd.
    1/87/21/53/850 par common
Kagoshima Bank, Ltd.
    1/87/21/53/850 par common
Kamigumi Co., Ltd.
    1/87/21/53/850 par common
Katokichi Co., Ltd.
    1/87/21/53/850 par common
Keisei Electric Railway Co., Ltd.
    1/87/21/53/850 par common
Keiyo Bank, Ltd.
    1/87/21/53/850 par common
Komori Corp.
    1/87/21/53/850 par common
Konami Co., Ltd.
    1/87/21/53/850 par common
Kyowa Exeo Corp.
    1/87/21/53/850 par common
Matsushita Seiko Co., Ltd.
    1/87/21/53/850 par common
Michinoku Bank, Ltd.
    1/87/21/53/850 par common
Musashino Bank, Ltd.
    1/87/21/53/8500 par common
Namco, Ltd.
    1/87/21/53/850 par common
Nichicon Corp.
    1/87/21/53/850 par common
Nihon Unisys, Ltd.
    1/87/21/53/850 par common
Nippon Comsys Corp.
    1/87/21/53/850 par common

[[Page 53876]]

Nishi-Nippon Bank, Ltd.
    1/87/21/53/850 par common
Nishi-Nippon Railroad Co., Ltd.
    1/87/21/53/850 par common
Nissan Chemical Industries, Ltd.
    1/87/21/53/850 par common
Ogaki Kyoritsu Bank, Ltd.
    1/87/21/53/850 par common
Q.P. Corp.
    1/87/21/53/850 par common
Rinnai Corporation
    1/87/21/53/850 par common
Sagami Railway Co., Ltd.
    1/87/21/53/850 par common
Sakata Seed Corp.
    1/87/21/53/850 par common
Santen Pharmaceutical Co., Ltd.
    1/87/21/53/850 par common
Shimadzu Corp.
    1/87/21/53/850 par common
Shimamura Co., Ltd.
    1/87/21/53/850 par common
Simitomo Rubber Industries, Ltd.
    1/87/21/53/850 par common
Taiyo Yuden Co., Ltd.
    1/87/21/53/850 par common
Takara Standard Co., Ltd.
    1/87/21/53/850 par common
Takuma Co., Ltd.
    1/87/21/53/850 par common
Toho Bank, Ltd.
    1/87/21/53/850 par common
Toho Gas Co., Ltd.
    1/87/21/53/850 par common
Tokyo Ohka Kogyo Co., Ltd.
    1/87/21/53/850 par common
Uni-Charm Corp.
    1/87/21/53/850 par common
Ushio, Inc.
    1/87/21/53/850 par common
Yamaha Motor Co., Ltd.
    1/87/21/53/850 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)), August 15, 2002.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 02-21188 Filed 8-19-02; 8:45 am]
BILLING CODE 6210-01-P