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BRIEFLY

December 04, 1987

The Federal Reserve reported that the United States took only small steps to support the dollar's value from August through October, even after the stock market collapse. The Federal Reserve and the Treasury Department together bought $899.5 million with Japanese yen and West German marks to prop up the dollar during the three-month period, but also sold $631 million at one point when the dollar was rising, the report said.

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