WASHINGTON - The Federal Reserve Board is giving the industry another month to submit comments on a proposed change to broker-dealer regulations.

Bankers now have until Sept. 29 to submit their reaction to the proposal, which would require the industry to follow rules set by the Securities and Exchange Commission and the self-regulatory organizations, such as the National Association of Securities Dealers.

The proposed revisions, which would effect how a bank treats options, foreign currency transactions, and arbitrage accounts, are part of the Fed's periodic review of all of its rules.

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