“…One of the main problems of solar‐terrestrial physics and space weather is the study and prediction of magnetic storms including extreme ones (see, e.g., recent papers and reviews by Echer et al [], Alves et al [], Podladchikova and Petrukovich [], Yakovchouk et al [], Yermolaev et al [], and references therein). A useful technique for solving these types of problems is the calculation of frequency (occurrence rate) distributions of events based on observations in the form d N = F ( x )d x , where d N is the number of events recorded with the parameter x of interest between x and x +d x , and F ( x ) is a frequency distributions (see, e.g., recent reviews and papers by Koons [], Tsubouchi and Omura [], Crosby [], Gorobets and Messerotti [], Riley [], Love [], and references therein). The D s t index (or its proxies) calculated from the observations of the horizontal magnetic field at four low‐latitude to midlatitude ground stations is used to indicate the value of magnetic storms [ Sugiura , ; Sugiura and Kamei , ].…”