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Show EXCHANGE TRADING REFORMJOSTPONED WASHINGTON, Feb. It (UP) The federal reserve board Tuesday announced It waa deferring adoption of rulea to regulate "In and out" brokerage trading to allow stock exchanges ex-changes further opportunity to eliminate the practice. "In and out" trading waa described de-scribed as a method whereby brokerage broker-age customers are able to buy and sell securities within a three-day period without actually putting up margin. The board aald adoption of new rulea waa deferred to afford the New York stock exchange and other national aecurltlea exchangee to altsr tha existing regulation, which givea customers three daya to furnish fur-nish the 65 per cent margin prescribed pre-scribed by the reserve board under the law. |