The Clinton administration is studying the future of government-sponsored enterprises, including plans to terminate, privatize, or expand them, Treasury Under Secretary John D. Hawke Jr. said Monday.

Speaking to the Institute of International Bankers, Mr. Hawke said the Treasury Department would create a "set of principles" to guide the administration's approach to the enterprises, which provide a secondary market for home, farm, and student loans, Mr. Hawke said.

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