WASHINGTON - The Public Securities Association supports states setting up their own bond repositories as long as they are linked to a national data bank, the PSA told New York State officials.

"When it comes to the subject of repositories, the PSA would prefer one-stop shopping," George Brakatselos, a PSA vice president, said at a hearing held Monday by New York State Comptroller H. Carl McCall, who is considering establishing a nationally recognized municipal securities information repository to house primary and secondary market disclosure documents.

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