SPEAKER INDEX    CONTENTS   INSERTS   
AXILROD        204  
BACHUS          20     95     96     97     98     99    100  
BAKER           18     73     75     77     78     79    170    171    172  
               173    174    175  
BENTSEN        120    121    122    124    125  
BORN           139    155    156    157    158    159    160    170    175  
               176    177    178    180    181    182    183    184  
CASTLE          25    104    108    110  
FRANK           79     81     82     85  
GRADANTE       212  
GREENSPAN       40     48     49     55     56     57     58     59     60  
                61     63     64     66     68     74     75     76     77  
                78     82     84     85     93     97    102    103    107  
               108    113    115    116    118    121    122    128    130  
               131    132    133  
HINCHEY        126    128    130    131    132    133    166    167    168  
               169    170  
KANJORSKI       19     89     90     91     94  
LAFALCE          7     55     56     57     58     59     60     61     62  
               151    152    153    154    155    156    157    158    159  
               160    161    180    181    184  
LAZIO           86     87     88     89  
LEACH            1      7     11     14     15     17     19     20     22  
                25     27     29     39     47     49     53     54     55  
                62     68     73     79     86     89     94     98    100  
               104    110    116    120    125    133    134    137    139  
               145    148    151    161    166    170    176    177    178  
               179    180    183    184    185    189    194    198    201  
               203    204    208    209    212    215  
LINDSEY        148    151    152    153    164    165    166    167    173  
               174  
LONSDORF       208    209  
MALONEY        110    112    114    115    116  
MCDONOUGH       29     50     54     61     62     66     69     70     71  
                78     80     86     87     88     89     90     91     95  
                96     98     99    100    110    111    114    116    117  
               124    126    128  
PAUL            27    116    117  
ROUKEMA         12     14     62     63     64     65     66     67    161  
               162    163    164    165    166  
RUDER          185  
SANDERS         22    100    102    104  
SIEBERT        189  
TANOUE         137    163  
VENTO           15     68     69     70     71     72  
WILLIAMS       145    153    154    159    161    162    163    164    167  
               168    169    170    172    173    179  
ZIFF           199    201  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF WILLIAM J. McDONOUGH, PRESIDENT, FEDERAL RESERVE BANK OF NEW YORK 
                                                                 PAGE    29

STATEMENT OF HON. ALAN GREENSPAN, CHAIRMAN, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM 
                                                                 PAGE    40

STATEMENTS OF HON. DONNA TANOUE, CHAIRMAN, FEDERAL DEPOSIT INSURANCE CORPORATION
                                                                 PAGE   137

STATEMENT OF HON. BROOKSLEY BORN, CHAIRPERSON, COMMODITY FUTURES TRADING COMMISSION
                                                                 PAGE   139

STATEMENT OF HON. JULIE L. WILLIAMS, ACTING COMPTROLLER, OFFICE OF THE COMPTROLLER OF THE CURRENCY
                                                                 PAGE   145

STATEMENT OF RICHARD R. LINDSEY, DIRECTOR, DIVISION OF MARKET REGULATION, U.S. SECURITIES AND 
EXCHANGE COMMISSION 
                                                                 PAGE   148

STATEMENT OF DAVID S. RUDER, PROFESSOR OF LAW, NORTWESTERN UNIVERSITY SCHOOL OF LAW
                                                                 PAGE   185

STATEMENT OF MURIEL F. SIEBERT, PRESIDENT AND CEO, SIEBERT FINANCIAL CORPORATION
                                                                 PAGE   189

STATEMENT OF HENRY T.C. HU, PROFESSOR OF LAW, UNIVERSITY OF TEXAS
                                                                 PAGE   194

STATEMENT OF BRADLEY P. ZIFF, PRINCIPAL, ARTHUR ANDERSEN & COMPANY
                                                                 PAGE   199

STATEMENT OF STEPHEN H. AXILROD, GLOBAL ECONOMIC CONSULTANT
                                                                 PAGE   204

STATEMENT OF STEVEN A. LONSDORF, PRESIDENT, VAN HEDGE FUND ADVISORS INTERNATIONAL, INC.
                                                                 PAGE   209

STATEMENT OF CHARLES J. GRADANTE, MANAGING PRINCIPAL, HENNESSEE GROUP LLC 
                                                                 PAGE   212


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING