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FEDERAL RESERVE press release
FOR IMEDIATE RELEASE

January 8, 1988

Chairman Alan Greenspan of the Federal Reserve Board
today issued the following statement:
The Task Force on Market Mechanisms is to be commended
for its report on the stock market collapse of October 19,
1987.

I find it extraordinary that the Task Force was able

to do so much, and obtain such vast amounts of previously
unavailable data, in such a short period of time.

I've been

told that the report provides a number of new insights and
suggestions designed to prevent a recurrence of the events
that transpired in October.

I look forward to reading it in

detail.




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