NEW YORK - Richard Syron, president of the Federal Reserve Bank of Boston, joined a growing number of Fed officials in strongly opposing President Clinton's proposal to deprive the Fed of bank regulatory functions.

Mr. Syron also said there had been a slight improvement in loan demand, the commercial real estate market had established a bottom, there would be a modest improvement in inflation in 1994, and that economic activity would slow in the first quarter, but would not collapse.

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