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Discuss stock market situation. Washington, D.C., Oct. 19. The Board of governors of the Federal Reserve System met today to discuss the current slump in the stock market. The board, with its control of margin requirements, and the Securities Exchange Cimmission, with its power over trading practices, now are the focal points of possible federal action. In the photograph, left to right: M.S. Szymczak, John McKee, Ronald Ransom, Vice Chairman; Marriner Eccles, Chairman; and Chester C. Davis. 10/19/37

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