id	sid	tid	token	lemma	pos
iiclr-17574	1	1	emergence	emergence	NOUN
iiclr-17574	1	2	of	of	ADP
iiclr-17574	1	3	united	united	PROPN
iiclr-17574	1	4	states	states	PROPN
iiclr-17574	1	5	mutual	mutual	ADJ
iiclr-17574	1	6	funds	fund	NOUN
iiclr-17574	1	7	in	in	ADP
iiclr-17574	1	8	domestic	domestic	ADJ
iiclr-17574	1	9	commercial	commercial	ADJ
iiclr-17574	1	10	banks	bank	NOUN
iiclr-17574	1	11	and	and	CCONJ
iiclr-17574	1	12	japan	japan	PROPN
iiclr-17574	1	13	,	,	PUNCT
iiclr-17574	1	14	the	the	DET
iiclr-17574	1	15	the	the	DET
iiclr-17574	1	16	emergence	emergence	NOUN
iiclr-17574	1	17	of	of	ADP
iiclr-17574	1	18	united	united	PROPN
iiclr-17574	1	19	states	states	PROPN
iiclr-17574	1	20	mutual	mutual	ADJ
iiclr-17574	1	21	funds	fund	NOUN
iiclr-17574	1	22	in	in	ADP
iiclr-17574	1	23	domestic	domestic	ADJ
iiclr-17574	1	24	commercial	commercial	ADJ
iiclr-17574	1	25	banks	bank	NOUN
iiclr-17574	1	26	and	and	CCONJ
iiclr-17574	1	27	japan	japan	PROPN
iiclr-17574	1	28	nicholas	nicholas	PROPN
iiclr-17574	1	29	panos	panos	PROPN
iiclr-17574	1	30	'	'	PART
iiclr-17574	1	31	i.	i.	NOUN
iiclr-17574	1	32	introduction	introduction	NOUN
iiclr-17574	1	33	the	the	DET
iiclr-17574	1	34	united	united	PROPN
iiclr-17574	1	35	states	states	PROPN
iiclr-17574	1	36	'	'	PART
iiclr-17574	1	37	and	and	CCONJ
iiclr-17574	1	38	japan	japan	PROPN
iiclr-17574	1	39	's	's	PART
iiclr-17574	1	40	mutual	mutual	ADJ
iiclr-17574	1	41	fund	fund	NOUN
iiclr-17574	1	42	industry	industry	NOUN
iiclr-17574	1	43	experienced	experience	VERB
iiclr-17574	1	44	incomparable	incomparable	ADJ
iiclr-17574	1	45	growth	growth	NOUN
iiclr-17574	1	46	during	during	ADP
iiclr-17574	1	47	the	the	DET
iiclr-17574	1	48	last	last	ADJ
iiclr-17574	1	49	decade	decade	NOUN
iiclr-17574	1	50	.	.	PUNCT
iiclr-17574	2	1	while	while	SCONJ
iiclr-17574	2	2	the	the	DET
iiclr-17574	2	3	much	much	ADJ
iiclr-17574	2	4	heralded	herald	VERB
iiclr-17574	2	5	industry	industry	NOUN
iiclr-17574	2	6	continues	continue	VERB
iiclr-17574	2	7	to	to	PART
iiclr-17574	2	8	evolve	evolve	VERB
iiclr-17574	2	9	in	in	ADP
iiclr-17574	2	10	both	both	DET
iiclr-17574	2	11	countries	country	NOUN
iiclr-17574	2	12	,	,	PUNCT
iiclr-17574	2	13	their	their	PRON
iiclr-17574	2	14	markets	market	NOUN
iiclr-17574	2	15	now	now	ADV
iiclr-17574	2	16	attract	attract	VERB
iiclr-17574	2	17	new	new	ADJ
iiclr-17574	2	18	competition	competition	NOUN
iiclr-17574	2	19	.	.	PUNCT
iiclr-17574	3	1	the	the	DET
iiclr-17574	3	2	new	new	ADJ
iiclr-17574	3	3	entrants	entrant	NOUN
iiclr-17574	3	4	into	into	ADP
iiclr-17574	3	5	these	these	DET
iiclr-17574	3	6	respective	respective	ADJ
iiclr-17574	3	7	markets	market	NOUN
iiclr-17574	3	8	are	be	AUX
iiclr-17574	3	9	of	of	ADP
iiclr-17574	3	10	different	different	ADJ
iiclr-17574	3	11	complexion	complexion	NOUN
iiclr-17574	3	12	.	.	PUNCT
iiclr-17574	4	1	in	in	ADP
iiclr-17574	4	2	the	the	DET
iiclr-17574	4	3	united	united	PROPN
iiclr-17574	4	4	states	states	PROPN
iiclr-17574	4	5	,	,	PUNCT
iiclr-17574	4	6	commercial	commercial	ADJ
iiclr-17574	4	7	banks	bank	NOUN
iiclr-17574	4	8	are	be	AUX
iiclr-17574	4	9	the	the	DET
iiclr-17574	4	10	most	most	ADV
iiclr-17574	4	11	discussed	discuss	VERB
iiclr-17574	4	12	newcomers	newcomer	NOUN
iiclr-17574	4	13	to	to	ADP
iiclr-17574	4	14	the	the	DET
iiclr-17574	4	15	mutual	mutual	ADJ
iiclr-17574	4	16	fund	fund	NOUN
iiclr-17574	4	17	industry	industry	NOUN
iiclr-17574	4	18	.	.	PUNCT
iiclr-17574	5	1	a	a	DET
iiclr-17574	5	2	series	series	NOUN
iiclr-17574	5	3	of	of	ADP
iiclr-17574	5	4	administrative	administrative	ADJ
iiclr-17574	5	5	changes	change	NOUN
iiclr-17574	5	6	served	serve	VERB
iiclr-17574	5	7	as	as	ADP
iiclr-17574	5	8	the	the	DET
iiclr-17574	5	9	catalyst	catalyst	NOUN
iiclr-17574	5	10	for	for	ADP
iiclr-17574	5	11	the	the	DET
iiclr-17574	5	12	entry	entry	NOUN
iiclr-17574	5	13	of	of	ADP
iiclr-17574	5	14	commercial	commercial	ADJ
iiclr-17574	5	15	banks	bank	NOUN
iiclr-17574	5	16	into	into	ADP
iiclr-17574	5	17	the	the	DET
iiclr-17574	5	18	domestic	domestic	ADJ
iiclr-17574	5	19	mutual	mutual	ADJ
iiclr-17574	5	20	fund	fund	NOUN
iiclr-17574	5	21	industry	industry	NOUN
iiclr-17574	5	22	.	.	PUNCT
iiclr-17574	6	1	in	in	ADP
iiclr-17574	6	2	japan	japan	PROPN
iiclr-17574	6	3	,	,	PUNCT
iiclr-17574	6	4	somewhat	somewhat	ADV
iiclr-17574	6	5	like	like	INTJ
iiclr-17574	6	6	in	in	ADP
iiclr-17574	6	7	the	the	DET
iiclr-17574	6	8	united	united	PROPN
iiclr-17574	6	9	states	states	PROPN
iiclr-17574	6	10	,	,	PUNCT
iiclr-17574	6	11	a	a	DET
iiclr-17574	6	12	combination	combination	NOUN
iiclr-17574	6	13	of	of	ADP
iiclr-17574	6	14	administrative	administrative	ADJ
iiclr-17574	6	15	and	and	CCONJ
iiclr-17574	6	16	legislative	legislative	ADJ
iiclr-17574	6	17	change	change	NOUN
iiclr-17574	6	18	will	will	AUX
iiclr-17574	6	19	serve	serve	VERB
iiclr-17574	6	20	as	as	ADP
iiclr-17574	6	21	the	the	DET
iiclr-17574	6	22	impetus	impetus	NOUN
iiclr-17574	6	23	for	for	ADP
iiclr-17574	6	24	intensified	intensified	ADJ
iiclr-17574	6	25	competition	competition	NOUN
iiclr-17574	6	26	in	in	ADP
iiclr-17574	6	27	the	the	DET
iiclr-17574	6	28	investment	investment	NOUN
iiclr-17574	6	29	trust	trust	NOUN
iiclr-17574	6	30	,	,	PUNCT
iiclr-17574	6	31	japan	japan	PROPN
iiclr-17574	6	32	's	's	PART
iiclr-17574	6	33	version	version	NOUN
iiclr-17574	6	34	of	of	ADP
iiclr-17574	6	35	the	the	DET
iiclr-17574	6	36	mutual	mutual	ADJ
iiclr-17574	6	37	fund	fund	NOUN
iiclr-17574	6	38	,	,	PUNCT
iiclr-17574	6	39	industry	industry	NOUN
iiclr-17574	6	40	.	.	PUNCT
iiclr-17574	7	1	unlike	unlike	ADP
iiclr-17574	7	2	the	the	DET
iiclr-17574	7	3	united	united	PROPN
iiclr-17574	7	4	states	states	PROPN
iiclr-17574	7	5	,	,	PUNCT
iiclr-17574	7	6	commercial	commercial	ADJ
iiclr-17574	7	7	bank	bank	NOUN
iiclr-17574	7	8	competition	competition	NOUN
iiclr-17574	7	9	in	in	ADP
iiclr-17574	7	10	the	the	DET
iiclr-17574	7	11	japanese	japanese	ADJ
iiclr-17574	7	12	investment	investment	NOUN
iiclr-17574	7	13	trust	trust	NOUN
iiclr-17574	7	14	industry	industry	NOUN
iiclr-17574	7	15	is	be	AUX
iiclr-17574	7	16	only	only	ADV
iiclr-17574	7	17	a	a	DET
iiclr-17574	7	18	secondary	secondary	ADJ
iiclr-17574	7	19	development	development	NOUN
iiclr-17574	7	20	.	.	PUNCT
iiclr-17574	8	1	in	in	ADP
iiclr-17574	8	2	japan	japan	PROPN
iiclr-17574	8	3	,	,	PUNCT
iiclr-17574	8	4	the	the	DET
iiclr-17574	8	5	gradual	gradual	ADJ
iiclr-17574	8	6	opening	opening	NOUN
iiclr-17574	8	7	of	of	ADP
iiclr-17574	8	8	markets	market	NOUN
iiclr-17574	8	9	to	to	ADP
iiclr-17574	8	10	foreign	foreign	ADJ
iiclr-17574	8	11	competition	competition	NOUN
iiclr-17574	8	12	headlines	headline	VERB
iiclr-17574	8	13	the	the	DET
iiclr-17574	8	14	investment	investment	NOUN
iiclr-17574	8	15	trust	trust	NOUN
iiclr-17574	8	16	management	management	NOUN
iiclr-17574	8	17	business	business	NOUN
iiclr-17574	8	18	.	.	PUNCT
iiclr-17574	9	1	the	the	DET
iiclr-17574	9	2	american	american	PROPN
iiclr-17574	9	3	mutual	mutual	ADJ
iiclr-17574	9	4	fund	fund	NOUN
iiclr-17574	9	5	business	business	NOUN
iiclr-17574	9	6	enjoyed	enjoy	VERB
iiclr-17574	9	7	a	a	DET
iiclr-17574	9	8	euphoric	euphoric	ADJ
iiclr-17574	9	9	year	year	NOUN
iiclr-17574	9	10	in	in	ADP
iiclr-17574	9	11	1993	1993	NUM
iiclr-17574	9	12	.	.	PUNCT
iiclr-17574	10	1	powered	power	VERB
iiclr-17574	10	2	by	by	ADP
iiclr-17574	10	3	low	low	ADJ
iiclr-17574	10	4	interest	interest	NOUN
iiclr-17574	10	5	rates	rate	NOUN
iiclr-17574	10	6	,	,	PUNCT
iiclr-17574	10	7	total	total	ADJ
iiclr-17574	10	8	mutual	mutual	ADJ
iiclr-17574	10	9	fund	fund	NOUN
iiclr-17574	10	10	assets	asset	NOUN
iiclr-17574	10	11	increased	increase	VERB
iiclr-17574	10	12	to	to	ADP
iiclr-17574	10	13	record	record	NOUN
iiclr-17574	10	14	levels	level	NOUN
iiclr-17574	10	15	while	while	SCONJ
iiclr-17574	10	16	every	every	DET
iiclr-17574	10	17	fund	fund	NOUN
iiclr-17574	10	18	-	-	PUNCT
iiclr-17574	10	19	objective	objective	ADJ
iiclr-17574	10	20	category	category	NOUN
iiclr-17574	10	21	showed	show	VERB
iiclr-17574	10	22	gains	gain	NOUN
iiclr-17574	10	23	.	.	PUNCT
iiclr-17574	10	24	'	'	PUNCT
iiclr-17574	11	1	mutual	mutual	ADJ
iiclr-17574	11	2	funds	fund	NOUN
iiclr-17574	11	3	that	that	PRON
iiclr-17574	11	4	*	*	PUNCT
iiclr-17574	11	5	nicholas	nicholas	PROPN
iiclr-17574	11	6	panos	panos	PROPN
iiclr-17574	11	7	received	receive	VERB
iiclr-17574	11	8	his	his	PRON
iiclr-17574	11	9	b.a	b.a	PROPN
iiclr-17574	11	10	.	.	PROPN
iiclr-17574	11	11	in	in	ADP
iiclr-17574	11	12	economics	economic	NOUN
iiclr-17574	11	13	from	from	ADP
iiclr-17574	11	14	colgate	colgate	PROPN
iiclr-17574	11	15	university	university	PROPN
iiclr-17574	11	16	in	in	ADP
iiclr-17574	11	17	1988	1988	NUM
iiclr-17574	11	18	.	.	PUNCT
iiclr-17574	12	1	he	he	PRON
iiclr-17574	12	2	received	receive	VERB
iiclr-17574	12	3	his	his	PRON
iiclr-17574	12	4	j.d	j.d	PROPN
iiclr-17574	12	5	.	.	PROPN
iiclr-17574	12	6	from	from	ADP
iiclr-17574	12	7	denver	denver	PROPN
iiclr-17574	12	8	college	college	PROPN
iiclr-17574	12	9	of	of	ADP
iiclr-17574	12	10	law	law	NOUN
iiclr-17574	12	11	in	in	ADP
iiclr-17574	12	12	1994	1994	NUM
iiclr-17574	12	13	,	,	PUNCT
iiclr-17574	12	14	and	and	CCONJ
iiclr-17574	12	15	is	be	AUX
iiclr-17574	12	16	currently	currently	ADV
iiclr-17574	12	17	employed	employ	VERB
iiclr-17574	12	18	in	in	ADP
iiclr-17574	12	19	the	the	DET
iiclr-17574	12	20	enforcement	enforcement	NOUN
iiclr-17574	12	21	division	division	NOUN
iiclr-17574	12	22	of	of	ADP
iiclr-17574	12	23	the	the	DET
iiclr-17574	12	24	u.s	u.s	PROPN
iiclr-17574	12	25	securities	securities	PROPN
iiclr-17574	12	26	and	and	CCONJ
iiclr-17574	12	27	exchange	exchange	PROPN
iiclr-17574	12	28	commission	commission	PROPN
iiclr-17574	12	29	.	.	PUNCT
iiclr-17574	13	1	the	the	DET
iiclr-17574	13	2	securities	securities	PROPN
iiclr-17574	13	3	and	and	CCONJ
iiclr-17574	13	4	exchange	exchange	PROPN
iiclr-17574	13	5	commission	commission	PROPN
iiclr-17574	13	6	,	,	PUNCT
iiclr-17574	13	7	as	as	ADP
iiclr-17574	13	8	a	a	DET
iiclr-17574	13	9	matter	matter	NOUN
iiclr-17574	13	10	of	of	ADP
iiclr-17574	13	11	policy	policy	NOUN
iiclr-17574	13	12	,	,	PUNCT
iiclr-17574	13	13	disclaims	disclaim	VERB
iiclr-17574	13	14	responsibility	responsibility	NOUN
iiclr-17574	13	15	for	for	ADP
iiclr-17574	13	16	any	any	DET
iiclr-17574	13	17	private	private	ADJ
iiclr-17574	13	18	publication	publication	NOUN
iiclr-17574	13	19	or	or	CCONJ
iiclr-17574	13	20	statement	statement	NOUN
iiclr-17574	13	21	by	by	ADP
iiclr-17574	13	22	any	any	PRON
iiclr-17574	13	23	of	of	ADP
iiclr-17574	13	24	its	its	PRON
iiclr-17574	13	25	employees	employee	NOUN
iiclr-17574	13	26	.	.	PUNCT
iiclr-17574	14	1	the	the	DET
iiclr-17574	14	2	views	view	NOUN
iiclr-17574	14	3	expressed	express	VERB
iiclr-17574	14	4	herein	herein	NOUN
iiclr-17574	14	5	are	be	AUX
iiclr-17574	14	6	those	those	PRON
iiclr-17574	14	7	of	of	ADP
iiclr-17574	14	8	the	the	DET
iiclr-17574	14	9	author	author	NOUN
iiclr-17574	14	10	,	,	PUNCT
iiclr-17574	14	11	and	and	CCONJ
iiclr-17574	14	12	do	do	AUX
iiclr-17574	14	13	not	not	PART
iiclr-17574	14	14	necessarily	necessarily	ADV
iiclr-17574	14	15	reflect	reflect	VERB
iiclr-17574	14	16	the	the	DET
iiclr-17574	14	17	views	view	NOUN
iiclr-17574	14	18	of	of	ADP
iiclr-17574	14	19	the	the	DET
iiclr-17574	14	20	commission	commission	NOUN
iiclr-17574	14	21	or	or	CCONJ
iiclr-17574	14	22	of	of	ADP
iiclr-17574	14	23	the	the	DET
iiclr-17574	14	24	author	author	NOUN
iiclr-17574	14	25	's	's	PART
iiclr-17574	14	26	colleagues	colleague	NOUN
iiclr-17574	14	27	upon	upon	SCONJ
iiclr-17574	14	28	the	the	DET
iiclr-17574	14	29	staff	staff	NOUN
iiclr-17574	14	30	of	of	ADP
iiclr-17574	14	31	the	the	DET
iiclr-17574	14	32	commission	commission	NOUN
iiclr-17574	14	33	.	.	PUNCT
iiclr-17574	15	1	acknowledgements	acknowledgement	NOUN
iiclr-17574	15	2	:	:	PUNCT
iiclr-17574	15	3	the	the	DET
iiclr-17574	15	4	author	author	NOUN
iiclr-17574	15	5	wishes	wish	VERB
iiclr-17574	15	6	to	to	PART
iiclr-17574	15	7	emphatically	emphatically	ADV
iiclr-17574	15	8	thank	thank	VERB
iiclr-17574	15	9	j.	j.	PROPN
iiclr-17574	15	10	robert	robert	PROPN
iiclr-17574	15	11	brown	brown	PROPN
iiclr-17574	15	12	,	,	PUNCT
iiclr-17574	15	13	jr	jr	PROPN
iiclr-17574	15	14	.	.	PROPN
iiclr-17574	15	15	,	,	PUNCT
iiclr-17574	15	16	for	for	ADP
iiclr-17574	15	17	his	his	PRON
iiclr-17574	15	18	encouragement	encouragement	NOUN
iiclr-17574	15	19	,	,	PUNCT
iiclr-17574	15	20	ideas	idea	NOUN
iiclr-17574	15	21	,	,	PUNCT
iiclr-17574	15	22	and	and	CCONJ
iiclr-17574	15	23	time	time	NOUN
iiclr-17574	15	24	he	he	PRON
iiclr-17574	15	25	took	take	VERB
iiclr-17574	15	26	in	in	ADP
iiclr-17574	15	27	editing	edit	VERB
iiclr-17574	15	28	this	this	DET
iiclr-17574	15	29	article	article	NOUN
iiclr-17574	15	30	.	.	PUNCT
iiclr-17574	16	1	additionally	additionally	ADV
iiclr-17574	16	2	,	,	PUNCT
iiclr-17574	16	3	the	the	DET
iiclr-17574	16	4	author	author	NOUN
iiclr-17574	16	5	is	be	AUX
iiclr-17574	16	6	grateful	grateful	ADJ
iiclr-17574	16	7	for	for	ADP
iiclr-17574	16	8	professor	professor	NOUN
iiclr-17574	16	9	brown	brown	NOUN
iiclr-17574	16	10	's	's	PART
iiclr-17574	16	11	ongoing	ongoing	ADJ
iiclr-17574	16	12	fiscal	fiscal	ADJ
iiclr-17574	16	13	support	support	NOUN
iiclr-17574	16	14	in	in	ADP
iiclr-17574	16	15	the	the	DET
iiclr-17574	16	16	research	research	NOUN
iiclr-17574	16	17	of	of	ADP
iiclr-17574	16	18	this	this	DET
iiclr-17574	16	19	paper	paper	NOUN
iiclr-17574	16	20	.	.	PUNCT
iiclr-17574	17	1	in	in	ADP
iiclr-17574	17	2	researching	research	VERB
iiclr-17574	17	3	the	the	DET
iiclr-17574	17	4	paper	paper	NOUN
iiclr-17574	17	5	,	,	PUNCT
iiclr-17574	17	6	s.	s.	PROPN
iiclr-17574	17	7	ariizumi	ariizumi	PROPN
iiclr-17574	17	8	at	at	ADP
iiclr-17574	17	9	the	the	DET
iiclr-17574	17	10	ministry	ministry	PROPN
iiclr-17574	17	11	of	of	ADP
iiclr-17574	17	12	finance	finance	NOUN
iiclr-17574	17	13	was	be	AUX
iiclr-17574	17	14	more	more	ADJ
iiclr-17574	17	15	than	than	ADP
iiclr-17574	17	16	cordial	cordial	ADJ
iiclr-17574	17	17	and	and	CCONJ
iiclr-17574	17	18	extremely	extremely	ADV
iiclr-17574	17	19	helpful	helpful	ADJ
iiclr-17574	17	20	in	in	ADP
iiclr-17574	17	21	supplying	supply	VERB
iiclr-17574	17	22	research	research	NOUN
iiclr-17574	17	23	at	at	ADP
iiclr-17574	17	24	his	his	PRON
iiclr-17574	17	25	own	own	ADJ
iiclr-17574	17	26	expense	expense	NOUN
iiclr-17574	17	27	.	.	PUNCT
iiclr-17574	18	1	mr	mr	PROPN
iiclr-17574	18	2	.	.	PROPN
iiclr-17574	18	3	hiroshi	hiroshi	PROPN
iiclr-17574	18	4	ozaki	ozaki	PROPN
iiclr-17574	18	5	of	of	ADP
iiclr-17574	18	6	the	the	DET
iiclr-17574	18	7	japanese	japanese	ADJ
iiclr-17574	18	8	embassy	embassy	NOUN
iiclr-17574	18	9	in	in	ADP
iiclr-17574	18	10	washington	washington	PROPN
iiclr-17574	18	11	,	,	PUNCT
iiclr-17574	18	12	d.c	d.c	PROPN
iiclr-17574	18	13	.	.	PROPN
iiclr-17574	18	14	,	,	PUNCT
iiclr-17574	18	15	was	be	AUX
iiclr-17574	18	16	especially	especially	ADV
iiclr-17574	18	17	diligent	diligent	ADJ
iiclr-17574	18	18	in	in	ADP
iiclr-17574	18	19	helping	help	VERB
iiclr-17574	18	20	obtain	obtain	VERB
iiclr-17574	18	21	research	research	NOUN
iiclr-17574	18	22	in	in	ADP
iiclr-17574	18	23	a	a	DET
iiclr-17574	18	24	short	short	ADJ
iiclr-17574	18	25	period	period	NOUN
iiclr-17574	18	26	of	of	ADP
iiclr-17574	18	27	time	time	NOUN
iiclr-17574	18	28	at	at	ADP
iiclr-17574	18	29	his	his	PRON
iiclr-17574	18	30	own	own	ADJ
iiclr-17574	18	31	expense	expense	NOUN
iiclr-17574	18	32	,	,	PUNCT
iiclr-17574	18	33	as	as	SCONJ
iiclr-17574	18	34	was	be	AUX
iiclr-17574	18	35	expert	expert	ADJ
iiclr-17574	18	36	george	george	PROPN
iiclr-17574	18	37	curuby	curuby	PROPN
iiclr-17574	18	38	of	of	ADP
iiclr-17574	18	39	curuby	curuby	PROPN
iiclr-17574	18	40	and	and	CCONJ
iiclr-17574	18	41	company	company	NOUN
iiclr-17574	18	42	.	.	PUNCT
iiclr-17574	19	1	without	without	ADP
iiclr-17574	19	2	angela	angela	PROPN
iiclr-17574	19	3	goelzer	goelzer	PROPN
iiclr-17574	19	4	of	of	ADP
iiclr-17574	19	5	the	the	DET
iiclr-17574	19	6	investment	investment	NOUN
iiclr-17574	19	7	company	company	NOUN
iiclr-17574	19	8	institute	institute	NOUN
iiclr-17574	19	9	,	,	PUNCT
iiclr-17574	19	10	contact	contact	NOUN
iiclr-17574	19	11	with	with	ADP
iiclr-17574	19	12	these	these	DET
iiclr-17574	19	13	individuals	individual	NOUN
iiclr-17574	19	14	would	would	AUX
iiclr-17574	19	15	not	not	PART
iiclr-17574	19	16	have	have	AUX
iiclr-17574	19	17	been	be	AUX
iiclr-17574	19	18	possible	possible	ADJ
iiclr-17574	19	19	.	.	PUNCT
iiclr-17574	20	1	ms	ms	PROPN
iiclr-17574	20	2	.	.	PROPN
iiclr-17574	20	3	goelzer	goelzer	PROPN
iiclr-17574	20	4	was	be	AUX
iiclr-17574	20	5	also	also	ADV
iiclr-17574	20	6	instrumental	instrumental	ADJ
iiclr-17574	20	7	by	by	ADP
iiclr-17574	20	8	helping	help	VERB
iiclr-17574	20	9	establish	establish	VERB
iiclr-17574	20	10	contact	contact	NOUN
iiclr-17574	20	11	with	with	ADP
iiclr-17574	20	12	treasury	treasury	PROPN
iiclr-17574	20	13	department	department	NOUN
iiclr-17574	20	14	representatives	representative	NOUN
iiclr-17574	20	15	.	.	PUNCT
iiclr-17574	21	1	the	the	DET
iiclr-17574	21	2	collective	collective	ADJ
iiclr-17574	21	3	effort	effort	NOUN
iiclr-17574	21	4	of	of	ADP
iiclr-17574	21	5	these	these	DET
iiclr-17574	21	6	individuals	individual	NOUN
iiclr-17574	21	7	,	,	PUNCT
iiclr-17574	21	8	who	who	PRON
iiclr-17574	21	9	took	take	VERB
iiclr-17574	21	10	time	time	NOUN
iiclr-17574	21	11	away	away	ADV
iiclr-17574	21	12	from	from	ADP
iiclr-17574	21	13	their	their	PRON
iiclr-17574	21	14	daily	daily	ADJ
iiclr-17574	21	15	rigors	rigor	NOUN
iiclr-17574	21	16	to	to	PART
iiclr-17574	21	17	help	help	VERB
iiclr-17574	21	18	a	a	DET
iiclr-17574	21	19	struggling	struggle	VERB
iiclr-17574	21	20	student	student	NOUN
iiclr-17574	21	21	,	,	PUNCT
iiclr-17574	21	22	made	make	VERB
iiclr-17574	21	23	researching	research	VERB
iiclr-17574	21	24	this	this	DET
iiclr-17574	21	25	article	article	NOUN
iiclr-17574	21	26	a	a	DET
iiclr-17574	21	27	highly	highly	ADV
iiclr-17574	21	28	educational	educational	ADJ
iiclr-17574	21	29	and	and	CCONJ
iiclr-17574	21	30	personally	personally	ADV
iiclr-17574	21	31	rewarding	rewarding	ADJ
iiclr-17574	21	32	experience	experience	NOUN
iiclr-17574	21	33	.	.	PUNCT
iiclr-17574	22	1	the	the	DET
iiclr-17574	22	2	author	author	NOUN
iiclr-17574	22	3	is	be	AUX
iiclr-17574	22	4	sincerely	sincerely	ADV
iiclr-17574	22	5	grateful	grateful	ADJ
iiclr-17574	22	6	for	for	ADP
iiclr-17574	22	7	the	the	DET
iiclr-17574	22	8	time	time	NOUN
iiclr-17574	22	9	and	and	CCONJ
iiclr-17574	22	10	expense	expense	NOUN
iiclr-17574	22	11	each	each	PRON
iiclr-17574	22	12	incurred	incur	VERB
iiclr-17574	22	13	in	in	ADP
iiclr-17574	22	14	helping	help	VERB
iiclr-17574	22	15	his	his	PRON
iiclr-17574	22	16	efforts	effort	NOUN
iiclr-17574	22	17	.	.	PUNCT
iiclr-17574	23	1	1	1	X
iiclr-17574	23	2	.	.	X
iiclr-17574	23	3	tom	tom	PROPN
iiclr-17574	23	4	siedell	siedell	PROPN
iiclr-17574	23	5	,	,	PUNCT
iiclr-17574	23	6	which	which	PRON
iiclr-17574	23	7	mutual	mutual	ADJ
iiclr-17574	23	8	funds	fund	NOUN
iiclr-17574	23	9	to	to	PART
iiclr-17574	23	10	buy	buy	VERB
iiclr-17574	23	11	now	now	ADV
iiclr-17574	23	12	,	,	PUNCT
iiclr-17574	23	13	your	your	PRON
iiclr-17574	23	14	money	money	NOUN
iiclr-17574	23	15	,	,	PUNCT
iiclr-17574	23	16	june	june	PROPN
iiclr-17574	23	17	1994	1994	NUM
iiclr-17574	23	18	,	,	PUNCT
iiclr-17574	23	19	at	at	ADP
iiclr-17574	23	20	38	38	NUM
iiclr-17574	23	21	,	,	PUNCT
iiclr-17574	23	22	38	38	NUM
iiclr-17574	23	23	.	.	PUNCT
iiclr-17574	24	1	ind	ind	NOUN
iiclr-17574	24	2	.	.	PUNCT
iiclr-17574	25	1	int'l	int'l	PROPN
iiclr-17574	25	2	&	&	CCONJ
iiclr-17574	25	3	coup	coup	PROPN
iiclr-17574	25	4	.	.	PUNCT
iiclr-17574	26	1	l.	l.	PROPN
iiclr-17574	26	2	rev	rev	PROPN
iiclr-17574	26	3	.	.	PROPN
iiclr-17574	27	1	have	have	AUX
iiclr-17574	27	2	invested	invest	VERB
iiclr-17574	27	3	in	in	ADP
iiclr-17574	27	4	japanese	japanese	ADJ
iiclr-17574	27	5	stocks	stock	NOUN
iiclr-17574	27	6	have	have	AUX
iiclr-17574	27	7	also	also	ADV
iiclr-17574	27	8	done	do	VERB
iiclr-17574	27	9	well	well	ADV
iiclr-17574	27	10	,	,	PUNCT
iiclr-17574	27	11	returning	return	VERB
iiclr-17574	27	12	over	over	ADP
iiclr-17574	27	13	seventeen	seventeen	NUM
iiclr-17574	27	14	percent	percent	NOUN
iiclr-17574	27	15	in	in	ADP
iiclr-17574	27	16	the	the	DET
iiclr-17574	27	17	first	first	ADJ
iiclr-17574	27	18	quarter	quarter	NOUN
iiclr-17574	27	19	of	of	ADP
iiclr-17574	27	20	1994,2	1994,2	NUM
iiclr-17574	27	21	and	and	CCONJ
iiclr-17574	27	22	finishing	finish	VERB
iiclr-17574	27	23	at	at	ADP
iiclr-17574	27	24	15.4	15.4	NUM
iiclr-17574	27	25	%	%	NOUN
iiclr-17574	27	26	for	for	ADP
iiclr-17574	27	27	the	the	DET
iiclr-17574	27	28	year	year	NOUN
iiclr-17574	27	29	new	new	ADJ
iiclr-17574	27	30	sales	sale	NOUN
iiclr-17574	27	31	of	of	ADP
iiclr-17574	27	32	domestic	domestic	ADJ
iiclr-17574	27	33	stock	stock	NOUN
iiclr-17574	27	34	mutual	mutual	ADJ
iiclr-17574	27	35	funds	fund	NOUN
iiclr-17574	27	36	hit	hit	VERB
iiclr-17574	27	37	a	a	DET
iiclr-17574	27	38	record	record	NOUN
iiclr-17574	27	39	$	$	SYM
iiclr-17574	27	40	128	128	NUM
iiclr-17574	27	41	billion	billion	NUM
iiclr-17574	27	42	in	in	ADP
iiclr-17574	27	43	1993	1993	NUM
iiclr-17574	27	44	.	.	PUNCT
iiclr-17574	27	45	"	"	PUNCT
iiclr-17574	28	1	since	since	SCONJ
iiclr-17574	28	2	1980	1980	NUM
iiclr-17574	28	3	,	,	PUNCT
iiclr-17574	28	4	assets	asset	NOUN
iiclr-17574	28	5	in	in	ADP
iiclr-17574	28	6	mutual	mutual	ADJ
iiclr-17574	28	7	funds	fund	NOUN
iiclr-17574	28	8	have	have	AUX
iiclr-17574	28	9	grown	grow	VERB
iiclr-17574	28	10	nearly	nearly	ADV
iiclr-17574	28	11	twentyfold	twentyfold	VERB
iiclr-17574	28	12	,	,	PUNCT
iiclr-17574	28	13	to	to	ADP
iiclr-17574	28	14	some	some	DET
iiclr-17574	28	15	$	$	SYM
iiclr-17574	28	16	1.8	1.8	NUM
iiclr-17574	28	17	trillion	trillion	NUM
iiclr-17574	28	18	.	.	PUNCT
iiclr-17574	28	19	5	5	NUM
iiclr-17574	28	20	as	as	ADP
iiclr-17574	28	21	of	of	ADP
iiclr-17574	28	22	september	september	PROPN
iiclr-17574	28	23	1993	1993	NUM
iiclr-17574	28	24	,	,	PUNCT
iiclr-17574	28	25	the	the	DET
iiclr-17574	28	26	u.s	u.s	PROPN
iiclr-17574	28	27	.	.	PROPN
iiclr-17574	28	28	mutual	mutual	ADJ
iiclr-17574	28	29	fund	fund	NOUN
iiclr-17574	28	30	market	market	NOUN
iiclr-17574	28	31	was	be	AUX
iiclr-17574	28	32	the	the	DET
iiclr-17574	28	33	largest	large	ADJ
iiclr-17574	28	34	in	in	ADP
iiclr-17574	28	35	the	the	DET
iiclr-17574	28	36	world	world	NOUN
iiclr-17574	28	37	,	,	PUNCT
iiclr-17574	28	38	boasting	boast	VERB
iiclr-17574	28	39	350	350	NUM
iiclr-17574	28	40	mutual	mutual	ADJ
iiclr-17574	28	41	fund	fund	NOUN
iiclr-17574	28	42	management	management	NOUN
iiclr-17574	28	43	companies	company	NOUN
iiclr-17574	28	44	which	which	PRON
iiclr-17574	28	45	controlled	control	VERB
iiclr-17574	28	46	nearly	nearly	ADV
iiclr-17574	28	47	$	$	SYM
iiclr-17574	28	48	2	2	NUM
iiclr-17574	28	49	trillion	trillion	NUM
iiclr-17574	28	50	in	in	ADP
iiclr-17574	28	51	assets	asset	NOUN
iiclr-17574	28	52	.	.	PUNCT
iiclr-17574	28	53	'	'	PUNCT
iiclr-17574	29	1	the	the	DET
iiclr-17574	29	2	result	result	NOUN
iiclr-17574	29	3	:	:	PUNCT
iiclr-17574	29	4	twenty	twenty	NUM
iiclr-17574	29	5	-	-	PUNCT
iiclr-17574	29	6	eight	eight	NUM
iiclr-17574	29	7	percent	percent	NOUN
iiclr-17574	29	8	of	of	ADP
iiclr-17574	29	9	all	all	DET
iiclr-17574	29	10	u.s	u.s	PROPN
iiclr-17574	29	11	.	.	PROPN
iiclr-17574	29	12	households	household	NOUN
iiclr-17574	29	13	today	today	NOUN
iiclr-17574	29	14	have	have	VERB
iiclr-17574	29	15	mutual	mutual	ADJ
iiclr-17574	29	16	fund	fund	NOUN
iiclr-17574	29	17	holdings	holding	NOUN
iiclr-17574	29	18	,	,	PUNCT
iiclr-17574	29	19	compared	compare	VERB
iiclr-17574	29	20	with	with	ADP
iiclr-17574	29	21	six	six	NUM
iiclr-17574	29	22	percent	percent	NOUN
iiclr-17574	29	23	in	in	ADP
iiclr-17574	29	24	1980	1980	NUM
iiclr-17574	29	25	.	.	PUNCT
iiclr-17574	29	26	'	'	PUNCT
iiclr-17574	30	1	as	as	ADP
iiclr-17574	30	2	a	a	DET
iiclr-17574	30	3	function	function	NOUN
iiclr-17574	30	4	of	of	ADP
iiclr-17574	30	5	the	the	DET
iiclr-17574	30	6	depth	depth	NOUN
iiclr-17574	30	7	and	and	CCONJ
iiclr-17574	30	8	pace	pace	NOUN
iiclr-17574	30	9	of	of	ADP
iiclr-17574	30	10	this	this	DET
iiclr-17574	30	11	growth	growth	NOUN
iiclr-17574	30	12	,	,	PUNCT
iiclr-17574	30	13	domestic	domestic	ADJ
iiclr-17574	30	14	mutual	mutual	ADJ
iiclr-17574	30	15	fund	fund	NOUN
iiclr-17574	30	16	assets	asset	NOUN
iiclr-17574	30	17	exceeded	exceed	VERB
iiclr-17574	30	18	commercial	commercial	ADJ
iiclr-17574	30	19	bank	bank	NOUN
iiclr-17574	30	20	deposits	deposit	NOUN
iiclr-17574	30	21	in	in	ADP
iiclr-17574	30	22	1994.8	1994.8	NUM
iiclr-17574	30	23	commercial	commercial	ADJ
iiclr-17574	30	24	banks	bank	NOUN
iiclr-17574	30	25	have	have	AUX
iiclr-17574	30	26	responded	respond	VERB
iiclr-17574	30	27	by	by	ADP
iiclr-17574	30	28	entering	enter	VERB
iiclr-17574	30	29	the	the	DET
iiclr-17574	30	30	mutual	mutual	ADJ
iiclr-17574	30	31	fund	fund	NOUN
iiclr-17574	30	32	business	business	NOUN
iiclr-17574	30	33	.	.	PUNCT
iiclr-17574	31	1	american	american	PROPN
iiclr-17574	31	2	mutual	mutual	ADJ
iiclr-17574	31	3	fund	fund	NOUN
iiclr-17574	31	4	products	product	NOUN
iiclr-17574	31	5	provide	provide	VERB
iiclr-17574	31	6	a	a	DET
iiclr-17574	31	7	product	product	NOUN
iiclr-17574	31	8	staple	staple	NOUN
iiclr-17574	31	9	that	that	PRON
iiclr-17574	31	10	will	will	AUX
iiclr-17574	31	11	help	help	VERB
iiclr-17574	31	12	keep	keep	VERB
iiclr-17574	31	13	commercial	commercial	ADJ
iiclr-17574	31	14	banks	bank	NOUN
iiclr-17574	31	15	competitive	competitive	ADJ
iiclr-17574	31	16	into	into	ADP
iiclr-17574	31	17	the	the	DET
iiclr-17574	31	18	next	next	ADJ
iiclr-17574	31	19	century.9	century.9	PUNCT
iiclr-17574	31	20	the	the	DET
iiclr-17574	31	21	message	message	NOUN
iiclr-17574	31	22	is	be	AUX
iiclr-17574	31	23	patently	patently	ADV
iiclr-17574	31	24	clear	clear	ADJ
iiclr-17574	31	25	:	:	PUNCT
iiclr-17574	31	26	domestic	domestic	ADJ
iiclr-17574	31	27	commercial	commercial	ADJ
iiclr-17574	31	28	banks	bank	NOUN
iiclr-17574	31	29	must	must	AUX
iiclr-17574	31	30	continue	continue	VERB
iiclr-17574	31	31	to	to	PART
iiclr-17574	31	32	enter	enter	VERB
iiclr-17574	31	33	the	the	DET
iiclr-17574	31	34	mutual	mutual	ADJ
iiclr-17574	31	35	fund	fund	NOUN
iiclr-17574	31	36	industry	industry	NOUN
iiclr-17574	31	37	,	,	PUNCT
iiclr-17574	31	38	and	and	CCONJ
iiclr-17574	31	39	the	the	DET
iiclr-17574	31	40	domestic	domestic	ADJ
iiclr-17574	31	41	mutual	mutual	ADJ
iiclr-17574	31	42	fund	fund	NOUN
iiclr-17574	31	43	industry	industry	NOUN
iiclr-17574	31	44	must	must	AUX
iiclr-17574	31	45	continue	continue	VERB
iiclr-17574	31	46	to	to	PART
iiclr-17574	31	47	enter	enter	VERB
iiclr-17574	31	48	japan	japan	PROPN
iiclr-17574	31	49	.	.	PUNCT
iiclr-17574	32	1	similarly	similarly	ADV
iiclr-17574	32	2	in	in	ADP
iiclr-17574	32	3	japan	japan	PROPN
iiclr-17574	32	4	,	,	PUNCT
iiclr-17574	32	5	the	the	DET
iiclr-17574	32	6	volume	volume	NOUN
iiclr-17574	32	7	of	of	ADP
iiclr-17574	32	8	managed	manage	VERB
iiclr-17574	32	9	assets	asset	NOUN
iiclr-17574	32	10	in	in	ADP
iiclr-17574	32	11	stock	stock	NOUN
iiclr-17574	32	12	investment	investment	NOUN
iiclr-17574	32	13	trusts	trust	NOUN
iiclr-17574	32	14	at	at	ADP
iiclr-17574	32	15	the	the	DET
iiclr-17574	32	16	end	end	NOUN
iiclr-17574	32	17	of	of	ADP
iiclr-17574	32	18	1987	1987	NUM
iiclr-17574	32	19	had	have	AUX
iiclr-17574	32	20	grown	grow	VERB
iiclr-17574	32	21	7.6	7.6	NUM
iiclr-17574	32	22	times	time	NOUN
iiclr-17574	32	23	from	from	ADP
iiclr-17574	32	24	1981.1	1981.1	NUM
iiclr-17574	32	25	(	(	PUNCT
iiclr-17574	32	26	in	in	ADP
iiclr-17574	32	27	september	september	PROPN
iiclr-17574	32	28	1993	1993	NUM
iiclr-17574	32	29	,	,	PUNCT
iiclr-17574	32	30	japan	japan	PROPN
iiclr-17574	32	31	ranked	rank	VERB
iiclr-17574	32	32	third	third	ADV
iiclr-17574	32	33	in	in	ADP
iiclr-17574	32	34	the	the	DET
iiclr-17574	32	35	world	world	NOUN
iiclr-17574	32	36	for	for	ADP
iiclr-17574	32	37	investment	investment	NOUN
iiclr-17574	32	38	trust	trust	NOUN
iiclr-17574	32	39	control	control	NOUN
iiclr-17574	32	40	with	with	ADP
iiclr-17574	32	41	their	their	PRON
iiclr-17574	32	42	management	management	NOUN
iiclr-17574	32	43	of	of	ADP
iiclr-17574	32	44	over	over	ADP
iiclr-17574	32	45	y	y	PROPN
iiclr-17574	32	46	47.5	47.5	NUM
iiclr-17574	32	47	trillion	trillion	NUM
iiclr-17574	32	48	in	in	ADP
iiclr-17574	32	49	assets	asset	NOUN
iiclr-17574	32	50	,	,	PUNCT
iiclr-17574	32	51	despite	despite	SCONJ
iiclr-17574	32	52	having	have	VERB
iiclr-17574	32	53	only	only	ADV
iiclr-17574	32	54	twenty	twenty	NUM
iiclr-17574	32	55	2	2	NUM
iiclr-17574	32	56	.	.	PUNCT
iiclr-17574	33	1	i	i	PRON
iiclr-17574	33	2	d.	d.	PROPN
iiclr-17574	33	3	at	at	ADP
iiclr-17574	33	4	41	41	NUM
iiclr-17574	33	5	.	.	PUNCT
iiclr-17574	34	1	3	3	X
iiclr-17574	34	2	.	.	PUNCT
iiclr-17574	34	3	john	john	PROPN
iiclr-17574	34	4	waggoner	waggoner	PROPN
iiclr-17574	34	5	,	,	PUNCT
iiclr-17574	34	6	foreign	foreign	ADJ
iiclr-17574	34	7	funds	fund	NOUN
iiclr-17574	34	8	may	may	AUX
iiclr-17574	34	9	rebound	rebound	VERB
iiclr-17574	34	10	;	;	PUNCT
iiclr-17574	34	11	japanese	japanese	PROPN
iiclr-17574	34	12	,	,	PUNCT
iiclr-17574	34	13	pacific	pacific	ADJ
iiclr-17574	34	14	funds	fund	NOUN
iiclr-17574	34	15	may	may	AUX
iiclr-17574	34	16	be	be	AUX
iiclr-17574	34	17	the	the	DET
iiclr-17574	34	18	best	good	ADJ
iiclr-17574	34	19	,	,	PUNCT
iiclr-17574	34	20	usa	usa	PROPN
iiclr-17574	34	21	today	today	NOUN
iiclr-17574	34	22	,	,	PUNCT
iiclr-17574	34	23	jan	jan	PROPN
iiclr-17574	34	24	.	.	PROPN
iiclr-17574	34	25	5	5	NUM
iiclr-17574	34	26	,	,	PUNCT
iiclr-17574	34	27	1995	1995	NUM
iiclr-17574	34	28	,	,	PUNCT
iiclr-17574	34	29	at	at	ADP
iiclr-17574	34	30	5b	5b	NUM
iiclr-17574	34	31	.	.	PUNCT
iiclr-17574	35	1	last	last	ADJ
iiclr-17574	35	2	year	year	NOUN
iiclr-17574	35	3	,	,	PUNCT
iiclr-17574	35	4	japan	japan	PROPN
iiclr-17574	35	5	's	's	PART
iiclr-17574	35	6	nikkei	nikkei	PROPN
iiclr-17574	35	7	stock	stock	PROPN
iiclr-17574	35	8	index	index	NOUN
iiclr-17574	35	9	rose	rise	VERB
iiclr-17574	35	10	13.5	13.5	NUM
iiclr-17574	35	11	%	%	NOUN
iiclr-17574	35	12	,	,	PUNCT
iiclr-17574	35	13	which	which	PRON
iiclr-17574	35	14	helped	help	VERB
iiclr-17574	35	15	account	account	VERB
iiclr-17574	35	16	for	for	ADP
iiclr-17574	35	17	the	the	DET
iiclr-17574	35	18	15.4	15.4	NUM
iiclr-17574	35	19	%	%	NOUN
iiclr-17574	35	20	return	return	NOUN
iiclr-17574	35	21	to	to	ADP
iiclr-17574	35	22	investors	investor	NOUN
iiclr-17574	35	23	.	.	PUNCT
iiclr-17574	36	1	it	it	PRON
iiclr-17574	36	2	is	be	AUX
iiclr-17574	36	3	anticipated	anticipate	VERB
iiclr-17574	36	4	that	that	SCONJ
iiclr-17574	36	5	japanese	japanese	ADJ
iiclr-17574	36	6	stocks	stock	NOUN
iiclr-17574	36	7	will	will	AUX
iiclr-17574	36	8	continue	continue	VERB
iiclr-17574	36	9	to	to	PART
iiclr-17574	36	10	do	do	VERB
iiclr-17574	36	11	well	well	ADV
iiclr-17574	36	12	in	in	ADP
iiclr-17574	36	13	1995	1995	NUM
iiclr-17574	36	14	because	because	SCONJ
iiclr-17574	36	15	japan	japan	PROPN
iiclr-17574	36	16	's	's	PART
iiclr-17574	36	17	interest	interest	NOUN
iiclr-17574	36	18	rates	rate	NOUN
iiclr-17574	36	19	are	be	AUX
iiclr-17574	36	20	low	low	ADJ
iiclr-17574	36	21	,	,	PUNCT
iiclr-17574	36	22	the	the	DET
iiclr-17574	36	23	economy	economy	NOUN
iiclr-17574	36	24	is	be	AUX
iiclr-17574	36	25	recovering	recover	VERB
iiclr-17574	36	26	,	,	PUNCT
iiclr-17574	36	27	and	and	CCONJ
iiclr-17574	36	28	corporate	corporate	ADJ
iiclr-17574	36	29	profits	profit	NOUN
iiclr-17574	36	30	are	be	AUX
iiclr-17574	36	31	picking	pick	VERB
iiclr-17574	36	32	up	up	ADP
iiclr-17574	36	33	.	.	PUNCT
iiclr-17574	37	1	ifthe	ifthe	PROPN
iiclr-17574	37	2	dollar	dollar	PROPN
iiclr-17574	37	3	continues	continue	VERB
iiclr-17574	37	4	to	to	PART
iiclr-17574	37	5	tumble	tumble	VERB
iiclr-17574	37	6	,	,	PUNCT
iiclr-17574	37	7	u.s	u.s	PROPN
iiclr-17574	37	8	.	.	PROPN
iiclr-17574	37	9	investors	investor	NOUN
iiclr-17574	37	10	'	'	PART
iiclr-17574	37	11	foreign	foreign	ADJ
iiclr-17574	37	12	holdings	holding	NOUN
iiclr-17574	37	13	will	will	AUX
iiclr-17574	37	14	rise	rise	VERB
iiclr-17574	37	15	in	in	ADP
iiclr-17574	37	16	value	value	NOUN
iiclr-17574	37	17	.	.	PUNCT
iiclr-17574	38	1	for	for	ADP
iiclr-17574	38	2	example	example	NOUN
iiclr-17574	38	3	,	,	PUNCT
iiclr-17574	38	4	"	"	PUNCT
iiclr-17574	38	5	[	[	X
iiclr-17574	38	6	i]f	i]f	ADP
iiclr-17574	38	7	the	the	DET
iiclr-17574	38	8	dollar	dollar	NOUN
iiclr-17574	38	9	falls	fall	VERB
iiclr-17574	38	10	to	to	ADP
iiclr-17574	38	11	99	99	NUM
iiclr-17574	38	12	yen	yen	NOUN
iiclr-17574	38	13	,	,	PUNCT
iiclr-17574	38	14	i	i	PROPN
iiclr-17574	38	15	million	million	NUM
iiclr-17574	38	16	yen	yen	NOUN
iiclr-17574	38	17	would	would	AUX
iiclr-17574	38	18	be	be	AUX
iiclr-17574	38	19	equal	equal	ADJ
iiclr-17574	38	20	to	to	ADP
iiclr-17574	38	21	$	$	SYM
iiclr-17574	38	22	10,101	10,101	NUM
iiclr-17574	38	23	-	-	PUNCT
iiclr-17574	38	24	a	a	DET
iiclr-17574	38	25	16	16	NUM
iiclr-17574	38	26	%	%	NOUN
iiclr-17574	38	27	rise	rise	NOUN
iiclr-17574	38	28	.	.	PUNCT
iiclr-17574	38	29	"	"	PUNCT
iiclr-17574	39	1	i	i	PRON
iiclr-17574	39	2	d.	d.	PROPN
iiclr-17574	39	3	4	4	NUM
iiclr-17574	39	4	.	.	PUNCT
iiclr-17574	39	5	jeffrey	jeffrey	PROPN
iiclr-17574	39	6	marshall	marshall	PROPN
iiclr-17574	39	7	,	,	PUNCT
iiclr-17574	39	8	rolling	roll	VERB
iiclr-17574	39	9	the	the	DET
iiclr-17574	39	10	dice	dice	NOUN
iiclr-17574	39	11	on	on	ADP
iiclr-17574	39	12	asset	asset	NOUN
iiclr-17574	39	13	management	management	NOUN
iiclr-17574	39	14	,	,	PUNCT
iiclr-17574	39	15	u.s	u.s	PROPN
iiclr-17574	39	16	.	.	PROPN
iiclr-17574	39	17	banker	banker	PROPN
iiclr-17574	39	18	,	,	PUNCT
iiclr-17574	39	19	mar	mar	PROPN
iiclr-17574	39	20	.	.	PROPN
iiclr-17574	39	21	1994	1994	NUM
iiclr-17574	39	22	,	,	PUNCT
iiclr-17574	39	23	at	at	ADP
iiclr-17574	39	24	33	33	NUM
iiclr-17574	39	25	,	,	PUNCT
iiclr-17574	39	26	36	36	NUM
iiclr-17574	39	27	.	.	NOUN
iiclr-17574	39	28	5	5	NUM
iiclr-17574	39	29	.	.	X
iiclr-17574	39	30	alyssa	alyssa	PROPN
iiclr-17574	39	31	a.	a.	PROPN
iiclr-17574	39	32	lappen	lappen	PROPN
iiclr-17574	39	33	,	,	PUNCT
iiclr-17574	39	34	fund	fund	NOUN
iiclr-17574	39	35	follies	folly	NOUN
iiclr-17574	39	36	,	,	PUNCT
iiclr-17574	39	37	institutional	institutional	ADJ
iiclr-17574	39	38	investor	investor	NOUN
iiclr-17574	39	39	,	,	PUNCT
iiclr-17574	39	40	oct	oct	PROPN
iiclr-17574	39	41	.	.	PROPN
iiclr-17574	39	42	1993	1993	NUM
iiclr-17574	39	43	,	,	PUNCT
iiclr-17574	39	44	at	at	ADP
iiclr-17574	39	45	39	39	NUM
iiclr-17574	39	46	.	.	PUNCT
iiclr-17574	40	1	6	6	NUM
iiclr-17574	40	2	.	.	X
iiclr-17574	41	1	i	i	PRON
iiclr-17574	41	2	d	d	PROPN
iiclr-17574	41	3	7	7	X
iiclr-17574	41	4	.	.	PUNCT
iiclr-17574	42	1	the	the	DET
iiclr-17574	42	2	bottom	bottom	ADJ
iiclr-17574	42	3	line	line	NOUN
iiclr-17574	42	4	,	,	PUNCT
iiclr-17574	42	5	the	the	DET
iiclr-17574	42	6	banker	banker	NOUN
iiclr-17574	42	7	,	,	PUNCT
iiclr-17574	42	8	apr	apr	PROPN
iiclr-17574	42	9	.	.	PROPN
iiclr-17574	42	10	1994	1994	NUM
iiclr-17574	42	11	,	,	PUNCT
iiclr-17574	42	12	at	at	ADP
iiclr-17574	42	13	88	88	NUM
iiclr-17574	42	14	.	.	PUNCT
iiclr-17574	42	15	8	8	NUM
iiclr-17574	42	16	.	.	PUNCT
iiclr-17574	43	1	william	william	PROPN
iiclr-17574	43	2	r.	r.	PROPN
iiclr-17574	43	3	mclucas	mclucas	PROPN
iiclr-17574	43	4	et	et	PROPN
iiclr-17574	43	5	al	al	PROPN
iiclr-17574	43	6	.	.	PROPN
iiclr-17574	43	7	,	,	PUNCT
iiclr-17574	43	8	sec	sec	PROPN
iiclr-17574	43	9	enforcement	enforcement	NOUN
iiclr-17574	43	10	under	under	ADP
iiclr-17574	43	11	arthur	arthur	PROPN
iiclr-17574	43	12	levitt	levitt	PROPN
iiclr-17574	43	13	,	,	PUNCT
iiclr-17574	43	14	27	27	NUM
iiclr-17574	43	15	standard	standard	NOUN
iiclr-17574	43	16	&	&	CCONJ
iiclr-17574	43	17	poor	poor	PROPN
iiclr-17574	43	18	's	's	PART
iiclr-17574	43	19	the	the	DET
iiclr-17574	43	20	rev	rev	PROPN
iiclr-17574	43	21	.	.	PROPN
iiclr-17574	43	22	of	of	ADP
iiclr-17574	43	23	sec	sec	PROPN
iiclr-17574	43	24	.	.	PROPN
iiclr-17574	43	25	&	&	CCONJ
iiclr-17574	43	26	commodrries	commodrrie	NOUN
iiclr-17574	43	27	reg	reg	NOUN
iiclr-17574	43	28	.	.	PUNCT
iiclr-17574	44	1	181	181	NUM
iiclr-17574	44	2	(	(	PUNCT
iiclr-17574	44	3	1994	1994	NUM
iiclr-17574	44	4	)	)	PUNCT
iiclr-17574	44	5	.	.	PUNCT
iiclr-17574	45	1	consumers	consumer	NOUN
iiclr-17574	45	2	'	'	PART
iiclr-17574	45	3	mutual	mutual	ADJ
iiclr-17574	45	4	fund	fund	NOUN
iiclr-17574	45	5	holdings	holding	NOUN
iiclr-17574	45	6	are	be	AUX
iiclr-17574	45	7	expected	expect	VERB
iiclr-17574	45	8	to	to	PART
iiclr-17574	45	9	grow	grow	VERB
iiclr-17574	45	10	at	at	ADP
iiclr-17574	45	11	a	a	DET
iiclr-17574	45	12	rate	rate	NOUN
iiclr-17574	45	13	of	of	ADP
iiclr-17574	45	14	15	15	NUM
iiclr-17574	45	15	%	%	NOUN
iiclr-17574	45	16	through	through	ADP
iiclr-17574	45	17	the	the	DET
iiclr-17574	45	18	1990	1990	NUM
iiclr-17574	45	19	's	's	PART
iiclr-17574	45	20	,	,	PUNCT
iiclr-17574	45	21	compared	compare	VERB
iiclr-17574	45	22	to	to	ADP
iiclr-17574	45	23	four	four	NUM
iiclr-17574	45	24	percent	percent	NOUN
iiclr-17574	45	25	for	for	ADP
iiclr-17574	45	26	bank	bank	NOUN
iiclr-17574	45	27	deposits	deposit	NOUN
iiclr-17574	45	28	.	.	PUNCT
iiclr-17574	46	1	marshall	marshall	PROPN
iiclr-17574	46	2	,	,	PUNCT
iiclr-17574	46	3	supra	supra	PROPN
iiclr-17574	46	4	note	note	PROPN
iiclr-17574	46	5	4	4	NUM
iiclr-17574	46	6	,	,	PUNCT
iiclr-17574	46	7	at	at	ADP
iiclr-17574	46	8	36	36	NUM
iiclr-17574	46	9	(	(	PUNCT
iiclr-17574	46	10	quoting	quote	VERB
iiclr-17574	46	11	first	first	ADJ
iiclr-17574	46	12	manhattan	manhattan	PROPN
iiclr-17574	46	13	consulting	consulting	NOUN
iiclr-17574	46	14	group	group	NOUN
iiclr-17574	46	15	)	)	PUNCT
iiclr-17574	46	16	.	.	PUNCT
iiclr-17574	47	1	9	9	X
iiclr-17574	47	2	.	.	X
iiclr-17574	47	3	borrowings	borrowing	NOUN
iiclr-17574	47	4	by	by	ADP
iiclr-17574	47	5	corporations	corporation	NOUN
iiclr-17574	47	6	and	and	CCONJ
iiclr-17574	47	7	small	small	ADJ
iiclr-17574	47	8	businesses	business	NOUN
iiclr-17574	47	9	have	have	AUX
iiclr-17574	47	10	been	be	AUX
iiclr-17574	47	11	falling	fall	VERB
iiclr-17574	47	12	since	since	SCONJ
iiclr-17574	47	13	the	the	DET
iiclr-17574	47	14	mid	mid	ADJ
iiclr-17574	47	15	1980	1980	NUM
iiclr-17574	47	16	's	's	PART
iiclr-17574	47	17	,	,	PUNCT
iiclr-17574	47	18	and	and	CCONJ
iiclr-17574	47	19	in	in	ADP
iiclr-17574	47	20	1991	1991	NUM
iiclr-17574	47	21	,	,	PUNCT
iiclr-17574	47	22	debt	debt	NOUN
iiclr-17574	47	23	repayments	repayment	NOUN
iiclr-17574	47	24	exceeded	exceed	VERB
iiclr-17574	47	25	borrowings	borrowing	NOUN
iiclr-17574	47	26	by	by	ADP
iiclr-17574	47	27	$	$	SYM
iiclr-17574	47	28	11	11	NUM
iiclr-17574	47	29	billion	billion	NUM
iiclr-17574	47	30	.	.	PUNCT
iiclr-17574	48	1	commercial	commercial	ADJ
iiclr-17574	48	2	bank	bank	PROPN
iiclr-17574	48	3	's	's	PART
iiclr-17574	48	4	share	share	NOUN
iiclr-17574	48	5	of	of	ADP
iiclr-17574	48	6	the	the	DET
iiclr-17574	48	7	short	short	ADJ
iiclr-17574	48	8	and	and	CCONJ
iiclr-17574	48	9	medium	medium	ADJ
iiclr-17574	48	10	term	term	NOUN
iiclr-17574	48	11	credit	credit	NOUN
iiclr-17574	48	12	financing	financing	NOUN
iiclr-17574	48	13	of	of	ADP
iiclr-17574	48	14	major	major	ADJ
iiclr-17574	48	15	corporations	corporation	NOUN
iiclr-17574	48	16	plummeted	plummet	VERB
iiclr-17574	48	17	from	from	ADP
iiclr-17574	48	18	90	90	NUM
iiclr-17574	48	19	%	%	NOUN
iiclr-17574	48	20	in	in	ADP
iiclr-17574	48	21	1970	1970	NUM
iiclr-17574	48	22	to	to	PART
iiclr-17574	48	23	60	60	NUM
iiclr-17574	48	24	%	%	NOUN
iiclr-17574	48	25	in	in	ADP
iiclr-17574	48	26	1990	1990	NUM
iiclr-17574	48	27	.	.	PUNCT
iiclr-17574	49	1	marshall	marshall	PROPN
iiclr-17574	49	2	,	,	PUNCT
iiclr-17574	49	3	supra	supra	PROPN
iiclr-17574	49	4	note	note	PROPN
iiclr-17574	49	5	4	4	NUM
iiclr-17574	49	6	,	,	PUNCT
iiclr-17574	49	7	at	at	ADP
iiclr-17574	49	8	38	38	NUM
iiclr-17574	49	9	.	.	PUNCT
iiclr-17574	49	10	10	10	NUM
iiclr-17574	49	11	.	.	PUNCT
iiclr-17574	50	1	the	the	DET
iiclr-17574	50	2	sustained	sustain	VERB
iiclr-17574	50	3	rapid	rapid	ADJ
iiclr-17574	50	4	growth	growth	NOUN
iiclr-17574	50	5	of	of	ADP
iiclr-17574	50	6	japanese	japanese	ADJ
iiclr-17574	50	7	inestment	inestment	NOUN
iiclr-17574	50	8	trusts	trust	NOUN
iiclr-17574	50	9	,	,	PUNCT
iiclr-17574	50	10	institui(onal	institui(onal	ADJ
iiclr-17574	50	11	investor	investor	NOUN
iiclr-17574	50	12	,	,	PUNCT
iiclr-17574	50	13	apr	apr	PROPN
iiclr-17574	50	14	.	.	PROPN
iiclr-17574	50	15	1988	1988	NUM
iiclr-17574	50	16	,	,	PUNCT
iiclr-17574	50	17	at	at	ADP
iiclr-17574	50	18	s8	s8	NOUN
iiclr-17574	50	19	.	.	PUNCT
iiclr-17574	51	1	[	[	X
iiclr-17574	51	2	vol	vol	NOUN
iiclr-17574	51	3	.	.	PUNCT
iiclr-17574	51	4	5:2	5:2	NUM
iiclr-17574	51	5	mutual	mutual	ADJ
iiclr-17574	51	6	fund	fund	NOUN
iiclr-17574	51	7	emergence	emergence	NOUN
iiclr-17574	51	8	investment	investment	NOUN
iiclr-17574	51	9	trust	trust	NOUN
iiclr-17574	51	10	management	management	NOUN
iiclr-17574	51	11	companies	company	NOUN
iiclr-17574	51	12	.	.	PUNCT
iiclr-17574	51	13	"	"	PUNCT
iiclr-17574	52	1	regardless	regardless	ADV
iiclr-17574	52	2	of	of	ADP
iiclr-17574	52	3	this	this	DET
iiclr-17574	52	4	impressive	impressive	ADJ
iiclr-17574	52	5	growth	growth	NOUN
iiclr-17574	52	6	,	,	PUNCT
iiclr-17574	52	7	japanese	japanese	ADJ
iiclr-17574	52	8	investors	investor	NOUN
iiclr-17574	52	9	withdrew	withdraw	VERB
iiclr-17574	52	10	a	a	DET
iiclr-17574	52	11	net	net	ADJ
iiclr-17574	52	12	y	y	PROPN
iiclr-17574	52	13	2.8	2.8	NUM
iiclr-17574	52	14	trillion	trillion	NUM
iiclr-17574	52	15	from	from	ADP
iiclr-17574	52	16	stock	stock	NOUN
iiclr-17574	52	17	investment	investment	NOUN
iiclr-17574	52	18	trusts	trust	NOUN
iiclr-17574	52	19	in	in	ADP
iiclr-17574	52	20	the	the	DET
iiclr-17574	52	21	first	first	ADJ
iiclr-17574	52	22	nine	nine	NUM
iiclr-17574	52	23	months	month	NOUN
iiclr-17574	52	24	of	of	ADP
iiclr-17574	52	25	1993.12	1993.12	NUM
iiclr-17574	52	26	the	the	DET
iiclr-17574	52	27	trusts	trust	NOUN
iiclr-17574	52	28	'	'	PART
iiclr-17574	52	29	lackluster	lackluster	ADJ
iiclr-17574	52	30	performance	performance	NOUN
iiclr-17574	52	31	has	have	AUX
iiclr-17574	52	32	been	be	AUX
iiclr-17574	52	33	a	a	DET
iiclr-17574	52	34	factor	factor	NOUN
iiclr-17574	52	35	in	in	ADP
iiclr-17574	52	36	its	its	PRON
iiclr-17574	52	37	decreased	decreased	ADJ
iiclr-17574	52	38	popularity	popularity	NOUN
iiclr-17574	52	39	.	.	PUNCT
iiclr-17574	53	1	all	all	DET
iiclr-17574	53	2	but	but	SCONJ
iiclr-17574	53	3	a	a	DET
iiclr-17574	53	4	tiny	tiny	ADJ
iiclr-17574	53	5	fraction	fraction	NOUN
iiclr-17574	53	6	of	of	ADP
iiclr-17574	53	7	the	the	DET
iiclr-17574	53	8	2,000	2,000	NUM
iiclr-17574	53	9	japanese	japanese	ADJ
iiclr-17574	53	10	managed	manage	VERB
iiclr-17574	53	11	investment	investment	NOUN
iiclr-17574	53	12	trusts	trust	NOUN
iiclr-17574	53	13	in	in	ADP
iiclr-17574	53	14	japan	japan	PROPN
iiclr-17574	53	15	underperform	underperform	PROPN
iiclr-17574	53	16	similar	similar	ADJ
iiclr-17574	53	17	japanorientated	japanorientate	VERB
iiclr-17574	53	18	funds	fund	NOUN
iiclr-17574	53	19	based	base	VERB
iiclr-17574	53	20	in	in	ADP
iiclr-17574	53	21	london	london	PROPN
iiclr-17574	53	22	.	.	PUNCT
iiclr-17574	54	1	3	3	NUM
iiclr-17574	54	2	further	far	ADV
iiclr-17574	54	3	,	,	PUNCT
iiclr-17574	54	4	japanese	japanese	PROPN
iiclr-17574	54	5	-	-	PUNCT
iiclr-17574	54	6	based	base	VERB
iiclr-17574	54	7	investment	investment	NOUN
iiclr-17574	54	8	trusts	trust	NOUN
iiclr-17574	54	9	generally	generally	ADV
iiclr-17574	54	10	do	do	AUX
iiclr-17574	54	11	not	not	PART
iiclr-17574	54	12	clearly	clearly	ADV
iiclr-17574	54	13	state	state	VERB
iiclr-17574	54	14	their	their	PRON
iiclr-17574	54	15	investment	investment	NOUN
iiclr-17574	54	16	philosophies	philosophy	NOUN
iiclr-17574	54	17	,	,	PUNCT
iiclr-17574	54	18	do	do	AUX
iiclr-17574	54	19	not	not	PART
iiclr-17574	54	20	provide	provide	VERB
iiclr-17574	54	21	breakdowns	breakdown	NOUN
iiclr-17574	54	22	of	of	ADP
iiclr-17574	54	23	specific	specific	ADJ
iiclr-17574	54	24	securities	security	NOUN
iiclr-17574	54	25	owned	own	VERB
iiclr-17574	54	26	,	,	PUNCT
iiclr-17574	54	27	rarely	rarely	ADV
iiclr-17574	54	28	identify	identify	VERB
iiclr-17574	54	29	fund	fund	NOUN
iiclr-17574	54	30	managers	manager	NOUN
iiclr-17574	54	31	,	,	PUNCT
iiclr-17574	54	32	and	and	CCONJ
iiclr-17574	54	33	do	do	AUX
iiclr-17574	54	34	not	not	PART
iiclr-17574	54	35	permit	permit	VERB
iiclr-17574	54	36	prospective	prospective	ADJ
iiclr-17574	54	37	purchasers	purchaser	NOUN
iiclr-17574	54	38	to	to	PART
iiclr-17574	54	39	compare	compare	VERB
iiclr-17574	54	40	past	past	ADJ
iiclr-17574	54	41	performances	performance	NOUN
iiclr-17574	54	42	.	.	PUNCT
iiclr-17574	55	1	1	1	NUM
iiclr-17574	55	2	'	'	PART
iiclr-17574	55	3	any	any	DET
iiclr-17574	55	4	further	further	ADJ
iiclr-17574	55	5	introduction	introduction	NOUN
iiclr-17574	55	6	of	of	ADP
iiclr-17574	55	7	american	american	ADJ
iiclr-17574	55	8	practice	practice	NOUN
iiclr-17574	55	9	,	,	PUNCT
iiclr-17574	55	10	expertise	expertise	NOUN
iiclr-17574	55	11	and	and	CCONJ
iiclr-17574	55	12	performance	performance	NOUN
iiclr-17574	55	13	in	in	ADP
iiclr-17574	55	14	japan	japan	PROPN
iiclr-17574	55	15	would	would	AUX
iiclr-17574	55	16	invariably	invariably	ADV
iiclr-17574	55	17	make	make	VERB
iiclr-17574	55	18	japanese	japanese	ADJ
iiclr-17574	55	19	investment	investment	NOUN
iiclr-17574	55	20	trusts	trust	VERB
iiclr-17574	55	21	more	more	ADV
iiclr-17574	55	22	competitive	competitive	ADJ
iiclr-17574	55	23	while	while	SCONJ
iiclr-17574	55	24	giving	give	VERB
iiclr-17574	55	25	u.s	u.s	PROPN
iiclr-17574	55	26	.	.	PROPN
iiclr-17574	55	27	fund	fund	NOUN
iiclr-17574	55	28	managers	manager	NOUN
iiclr-17574	55	29	a	a	DET
iiclr-17574	55	30	world	world	NOUN
iiclr-17574	55	31	of	of	ADP
iiclr-17574	55	32	opportunity	opportunity	NOUN
iiclr-17574	55	33	with	with	ADP
iiclr-17574	55	34	a	a	DET
iiclr-17574	55	35	$	$	SYM
iiclr-17574	55	36	1.5	1.5	NUM
iiclr-17574	55	37	billion	billion	NUM
iiclr-17574	55	38	pension	pension	NOUN
iiclr-17574	55	39	industry	industry	NOUN
iiclr-17574	55	40	that	that	PRON
iiclr-17574	55	41	expects	expect	VERB
iiclr-17574	55	42	to	to	PART
iiclr-17574	55	43	grow	grow	VERB
iiclr-17574	55	44	at	at	ADP
iiclr-17574	55	45	a	a	DET
iiclr-17574	55	46	rate	rate	NOUN
iiclr-17574	55	47	of	of	ADP
iiclr-17574	55	48	ten	ten	NUM
iiclr-17574	55	49	to	to	PART
iiclr-17574	55	50	fifteen	fifteen	NUM
iiclr-17574	55	51	percent	percent	NOUN
iiclr-17574	55	52	in	in	ADP
iiclr-17574	55	53	the	the	DET
iiclr-17574	55	54	next	next	ADJ
iiclr-17574	55	55	decade	decade	NOUN
iiclr-17574	55	56	.	.	PUNCT
iiclr-17574	55	57	'	'	PUNCT
iiclr-17574	56	1	5	5	NUM
iiclr-17574	56	2	part	part	NOUN
iiclr-17574	56	3	one	one	NUM
iiclr-17574	56	4	of	of	ADP
iiclr-17574	56	5	this	this	DET
iiclr-17574	56	6	article	article	NOUN
iiclr-17574	56	7	will	will	AUX
iiclr-17574	56	8	explore	explore	VERB
iiclr-17574	56	9	the	the	DET
iiclr-17574	56	10	legislative	legislative	ADJ
iiclr-17574	56	11	prohibitions	prohibition	NOUN
iiclr-17574	56	12	against	against	ADP
iiclr-17574	56	13	commercial	commercial	ADJ
iiclr-17574	56	14	bank	bank	NOUN
iiclr-17574	56	15	sale	sale	NOUN
iiclr-17574	56	16	of	of	ADP
iiclr-17574	56	17	mutual	mutual	ADJ
iiclr-17574	56	18	funds	fund	NOUN
iiclr-17574	56	19	and	and	CCONJ
iiclr-17574	56	20	the	the	DET
iiclr-17574	56	21	resultant	resultant	NOUN
iiclr-17574	56	22	impact	impact	NOUN
iiclr-17574	56	23	on	on	ADP
iiclr-17574	56	24	the	the	DET
iiclr-17574	56	25	banking	banking	NOUN
iiclr-17574	56	26	industry	industry	NOUN
iiclr-17574	56	27	.	.	PUNCT
iiclr-17574	57	1	the	the	DET
iiclr-17574	57	2	article	article	NOUN
iiclr-17574	57	3	then	then	ADV
iiclr-17574	57	4	will	will	AUX
iiclr-17574	57	5	chronicle	chronicle	VERB
iiclr-17574	57	6	the	the	DET
iiclr-17574	57	7	historic	historic	ADJ
iiclr-17574	57	8	change	change	NOUN
iiclr-17574	57	9	,	,	PUNCT
iiclr-17574	57	10	through	through	ADP
iiclr-17574	57	11	administrative	administrative	ADJ
iiclr-17574	57	12	guidance	guidance	NOUN
iiclr-17574	57	13	and	and	CCONJ
iiclr-17574	57	14	interpretation	interpretation	NOUN
iiclr-17574	57	15	,	,	PUNCT
iiclr-17574	57	16	away	away	ADV
iiclr-17574	57	17	from	from	ADP
iiclr-17574	57	18	the	the	DET
iiclr-17574	57	19	rigid	rigid	ADJ
iiclr-17574	57	20	legislative	legislative	ADJ
iiclr-17574	57	21	rules	rule	NOUN
iiclr-17574	57	22	which	which	PRON
iiclr-17574	57	23	isolated	isolate	VERB
iiclr-17574	57	24	commercial	commercial	ADJ
iiclr-17574	57	25	banks	bank	NOUN
iiclr-17574	57	26	from	from	ADP
iiclr-17574	57	27	competing	compete	VERB
iiclr-17574	57	28	in	in	ADP
iiclr-17574	57	29	the	the	DET
iiclr-17574	57	30	mutual	mutual	ADJ
iiclr-17574	57	31	fund	fund	NOUN
iiclr-17574	57	32	industry	industry	NOUN
iiclr-17574	57	33	.	.	PUNCT
iiclr-17574	58	1	in	in	ADP
iiclr-17574	58	2	addition	addition	NOUN
iiclr-17574	58	3	,	,	PUNCT
iiclr-17574	58	4	part	part	NOUN
iiclr-17574	58	5	one	one	NUM
iiclr-17574	58	6	accounts	account	NOUN
iiclr-17574	58	7	for	for	ADP
iiclr-17574	58	8	the	the	DET
iiclr-17574	58	9	allowance	allowance	NOUN
iiclr-17574	58	10	of	of	ADP
iiclr-17574	58	11	commercial	commercial	ADJ
iiclr-17574	58	12	bank	bank	NOUN
iiclr-17574	58	13	entry	entry	NOUN
iiclr-17574	58	14	into	into	ADP
iiclr-17574	58	15	the	the	DET
iiclr-17574	58	16	mutual	mutual	ADJ
iiclr-17574	58	17	fund	fund	NOUN
iiclr-17574	58	18	industry	industry	NOUN
iiclr-17574	58	19	by	by	ADP
iiclr-17574	58	20	highlighting	highlight	VERB
iiclr-17574	58	21	the	the	DET
iiclr-17574	58	22	accompanying	accompanying	ADJ
iiclr-17574	58	23	limitations	limitation	NOUN
iiclr-17574	58	24	.	.	PUNCT
iiclr-17574	59	1	part	part	NOUN
iiclr-17574	59	2	two	two	NUM
iiclr-17574	59	3	of	of	ADP
iiclr-17574	59	4	this	this	DET
iiclr-17574	59	5	article	article	NOUN
iiclr-17574	59	6	provides	provide	VERB
iiclr-17574	59	7	an	an	DET
iiclr-17574	59	8	overview	overview	NOUN
iiclr-17574	59	9	of	of	ADP
iiclr-17574	59	10	the	the	DET
iiclr-17574	59	11	japanese	japanese	ADJ
iiclr-17574	59	12	security	security	NOUN
iiclr-17574	59	13	regulation	regulation	NOUN
iiclr-17574	59	14	system	system	NOUN
iiclr-17574	59	15	and	and	CCONJ
iiclr-17574	59	16	investment	investment	NOUN
iiclr-17574	59	17	trust	trust	NOUN
iiclr-17574	59	18	management	management	NOUN
iiclr-17574	59	19	business	business	NOUN
iiclr-17574	59	20	.	.	PUNCT
iiclr-17574	60	1	the	the	DET
iiclr-17574	60	2	section	section	NOUN
iiclr-17574	60	3	next	next	ADV
iiclr-17574	60	4	describes	describe	VERB
iiclr-17574	60	5	the	the	DET
iiclr-17574	60	6	regulatory	regulatory	ADJ
iiclr-17574	60	7	environment	environment	NOUN
iiclr-17574	60	8	for	for	ADP
iiclr-17574	60	9	foreign	foreign	ADJ
iiclr-17574	60	10	domiciled	domicile	VERB
iiclr-17574	60	11	funds	fund	NOUN
iiclr-17574	60	12	in	in	ADP
iiclr-17574	60	13	japan	japan	PROPN
iiclr-17574	60	14	.	.	PUNCT
iiclr-17574	61	1	part	part	NOUN
iiclr-17574	61	2	two	two	NUM
iiclr-17574	61	3	emphasizes	emphasize	VERB
iiclr-17574	61	4	that	that	SCONJ
iiclr-17574	61	5	just	just	ADV
iiclr-17574	61	6	as	as	SCONJ
iiclr-17574	61	7	the	the	DET
iiclr-17574	61	8	domestic	domestic	ADJ
iiclr-17574	61	9	commercial	commercial	ADJ
iiclr-17574	61	10	banks	bank	NOUN
iiclr-17574	61	11	can	can	AUX
iiclr-17574	61	12	become	become	VERB
iiclr-17574	61	13	11	11	NUM
iiclr-17574	61	14	.	.	PUNCT
iiclr-17574	62	1	george	george	PROPN
iiclr-17574	62	2	curuby	curuby	PROPN
iiclr-17574	62	3	,	,	PUNCT
iiclr-17574	62	4	investment	investment	NOUN
iiclr-17574	62	5	trust	trust	NOUN
iiclr-17574	62	6	management	management	NOUN
iiclr-17574	62	7	business	business	NOUN
iiclr-17574	62	8	in	in	ADP
iiclr-17574	62	9	japan	japan	PROPN
iiclr-17574	62	10	1	1	NUM
iiclr-17574	62	11	(	(	PUNCT
iiclr-17574	62	12	cuniby	cuniby	PROPN
iiclr-17574	62	13	&	&	CCONJ
iiclr-17574	62	14	co.	co.	PROPN
iiclr-17574	62	15	1993	1993	NUM
iiclr-17574	62	16	)	)	PUNCT
iiclr-17574	63	1	[	[	X
iiclr-17574	63	2	hereinafter	hereinafter	NOUN
iiclr-17574	63	3	investment	investment	NOUN
iiclr-17574	63	4	trust	trust	NOUN
iiclr-17574	63	5	management	management	NOUN
iiclr-17574	63	6	]	]	PUNCT
iiclr-17574	63	7	(	(	PUNCT
iiclr-17574	63	8	on	on	ADP
iiclr-17574	63	9	file	file	NOUN
iiclr-17574	63	10	with	with	ADP
iiclr-17574	63	11	ind	ind	NOUN
iiclr-17574	63	12	.	.	PUNCT
iiclr-17574	64	1	int'l	int'l	PROPN
iiclr-17574	64	2	&	&	CCONJ
iiclr-17574	64	3	comp	comp	PROPN
iiclr-17574	64	4	.	.	PUNCT
iiclr-17574	65	1	l.	l.	PROPN
iiclr-17574	65	2	rev	rev	PROPN
iiclr-17574	65	3	.	.	PROPN
iiclr-17574	65	4	)	)	PUNCT
iiclr-17574	65	5	.	.	PUNCT
iiclr-17574	66	1	12	12	NUM
iiclr-17574	66	2	.	.	PUNCT
iiclr-17574	67	1	japanese	japanese	ADJ
iiclr-17574	67	2	investment	investment	NOUN
iiclr-17574	67	3	trusts	trust	NOUN
iiclr-17574	67	4	;	;	PUNCT
iiclr-17574	67	5	punting	punt	VERB
iiclr-17574	67	6	in	in	ADP
iiclr-17574	67	7	the	the	DET
iiclr-17574	67	8	dark	dark	NOUN
iiclr-17574	67	9	,	,	PUNCT
iiclr-17574	67	10	the	the	DET
iiclr-17574	67	11	economist	economist	NOUN
iiclr-17574	67	12	,	,	PUNCT
iiclr-17574	67	13	jan	jan	PROPN
iiclr-17574	67	14	.	.	PROPN
iiclr-17574	67	15	22	22	NUM
iiclr-17574	67	16	,	,	PUNCT
iiclr-17574	67	17	1994	1994	NUM
iiclr-17574	67	18	,	,	PUNCT
iiclr-17574	67	19	at	at	ADP
iiclr-17574	67	20	78	78	NUM
iiclr-17574	67	21	,	,	PUNCT
iiclr-17574	67	22	78	78	NUM
iiclr-17574	68	1	[	[	X
iiclr-17574	68	2	hereinafter	hereinafter	NOUN
iiclr-17574	68	3	punting	punt	VERB
iiclr-17574	68	4	]	]	PUNCT
iiclr-17574	68	5	.	.	PUNCT
iiclr-17574	69	1	13	13	NUM
iiclr-17574	69	2	.	.	X
iiclr-17574	69	3	eamonn	eamonn	PROPN
iiclr-17574	69	4	fingleton	fingleton	PROPN
iiclr-17574	69	5	,	,	PUNCT
iiclr-17574	69	6	mutual	mutual	ADJ
iiclr-17574	69	7	frustrations	frustration	NOUN
iiclr-17574	69	8	,	,	PUNCT
iiclr-17574	69	9	instttlrional	instttlrional	ADJ
iiclr-17574	69	10	investor	investor	NOUN
iiclr-17574	69	11	,	,	PUNCT
iiclr-17574	69	12	mar	mar	PROPN
iiclr-17574	69	13	.	.	PROPN
iiclr-17574	69	14	1990	1990	NUM
iiclr-17574	69	15	,	,	PUNCT
iiclr-17574	69	16	at	at	ADP
iiclr-17574	69	17	29	29	NUM
iiclr-17574	69	18	,	,	PUNCT
iiclr-17574	69	19	30	30	NUM
iiclr-17574	69	20	.	.	PUNCT
iiclr-17574	69	21	>	>	X
iiclr-17574	70	1	14	14	NUM
iiclr-17574	70	2	.	.	PUNCT
iiclr-17574	71	1	james	james	PROPN
iiclr-17574	71	2	sterngold	sterngold	PROPN
iiclr-17574	71	3	,	,	PUNCT
iiclr-17574	71	4	world	world	NOUN
iiclr-17574	71	5	rlarkets	rlarket	NOUN
iiclr-17574	71	6	;	;	PUNCT
iiclr-17574	71	7	a	a	DET
iiclr-17574	71	8	new	new	ADJ
iiclr-17574	71	9	leaf	leaf	NOUN
iiclr-17574	71	10	for	for	ADP
iiclr-17574	71	11	japan	japan	PROPN
iiclr-17574	71	12	's	's	PART
iiclr-17574	71	13	mutual	mutual	ADJ
iiclr-17574	71	14	funds	fund	NOUN
iiclr-17574	71	15	?	?	PUNCT
iiclr-17574	71	16	,	,	PUNCT
iiclr-17574	71	17	n.y	n.y	PROPN
iiclr-17574	71	18	.	.	PROPN
iiclr-17574	71	19	times	times	PROPN
iiclr-17574	71	20	,	,	PUNCT
iiclr-17574	71	21	jan	jan	PROPN
iiclr-17574	71	22	.	.	PROPN
iiclr-17574	71	23	2	2	NUM
iiclr-17574	71	24	,	,	PUNCT
iiclr-17574	71	25	1994	1994	NUM
iiclr-17574	71	26	,	,	PUNCT
iiclr-17574	71	27	§	§	PROPN
iiclr-17574	71	28	3	3	NUM
iiclr-17574	71	29	,	,	PUNCT
iiclr-17574	71	30	at	at	ADP
iiclr-17574	71	31	13	13	NUM
iiclr-17574	71	32	.	.	PUNCT
iiclr-17574	71	33	15	15	NUM
iiclr-17574	71	34	.	.	PUNCT
iiclr-17574	72	1	mamoru	mamoru	PROPN
iiclr-17574	72	2	aoyama	aoyama	PROPN
iiclr-17574	72	3	,	,	PUNCT
iiclr-17574	72	4	is	be	AUX
iiclr-17574	72	5	mptapplicable	mptapplicable	ADJ
iiclr-17574	72	6	to	to	ADP
iiclr-17574	72	7	japan	japan	PROPN
iiclr-17574	72	8	?	?	PUNCT
iiclr-17574	72	9	,	,	PUNCT
iiclr-17574	72	10	j.	j.	PROPN
iiclr-17574	72	11	portfolio	portfolio	PROPN
iiclr-17574	72	12	mgmt	mgmt	PROPN
iiclr-17574	72	13	.	.	PROPN
iiclr-17574	72	14	,	,	PUNCT
iiclr-17574	72	15	oct	oct	PROPN
iiclr-17574	72	16	.	.	PROPN
iiclr-17574	72	17	1994	1994	NUM
iiclr-17574	72	18	,	,	PUNCT
iiclr-17574	72	19	at	at	ADP
iiclr-17574	72	20	103	103	NUM
iiclr-17574	72	21	.	.	PUNCT
iiclr-17574	73	1	the	the	DET
iiclr-17574	73	2	recent	recent	ADJ
iiclr-17574	73	3	growth	growth	NOUN
iiclr-17574	73	4	of	of	ADP
iiclr-17574	73	5	japanese	japanese	ADJ
iiclr-17574	73	6	pension	pension	NOUN
iiclr-17574	73	7	funds	fund	NOUN
iiclr-17574	73	8	is	be	AUX
iiclr-17574	73	9	remarkable	remarkable	ADJ
iiclr-17574	73	10	.	.	PUNCT
iiclr-17574	74	1	since	since	SCONJ
iiclr-17574	74	2	the	the	DET
iiclr-17574	74	3	1970	1970	NUM
iiclr-17574	74	4	's	's	PART
iiclr-17574	74	5	,	,	PUNCT
iiclr-17574	74	6	growth	growth	NOUN
iiclr-17574	74	7	has	have	AUX
iiclr-17574	74	8	been	be	AUX
iiclr-17574	74	9	steady	steady	ADJ
iiclr-17574	74	10	at	at	ADP
iiclr-17574	74	11	around	around	ADP
iiclr-17574	74	12	15	15	NUM
iiclr-17574	74	13	%	%	NOUN
iiclr-17574	74	14	a	a	DET
iiclr-17574	74	15	year	year	NOUN
iiclr-17574	74	16	,	,	PUNCT
iiclr-17574	74	17	and	and	CCONJ
iiclr-17574	74	18	this	this	DET
iiclr-17574	74	19	growth	growth	NOUN
iiclr-17574	74	20	is	be	AUX
iiclr-17574	74	21	expected	expect	VERB
iiclr-17574	74	22	to	to	PART
iiclr-17574	74	23	continue	continue	VERB
iiclr-17574	74	24	in	in	ADP
iiclr-17574	74	25	the	the	DET
iiclr-17574	74	26	future	future	NOUN
iiclr-17574	74	27	.	.	PUNCT
iiclr-17574	75	1	some	some	DET
iiclr-17574	75	2	researchers	researcher	NOUN
iiclr-17574	75	3	project	project	VERB
iiclr-17574	75	4	that	that	SCONJ
iiclr-17574	75	5	japanese	japanese	ADJ
iiclr-17574	75	6	pension	pension	NOUN
iiclr-17574	75	7	assets	asset	NOUN
iiclr-17574	75	8	will	will	AUX
iiclr-17574	75	9	reach	reach	VERB
iiclr-17574	75	10	100	100	NUM
iiclr-17574	75	11	trillion	trillion	NUM
iiclr-17574	75	12	yen	yen	NOUN
iiclr-17574	75	13	by	by	ADP
iiclr-17574	75	14	the	the	DET
iiclr-17574	75	15	year	year	NOUN
iiclr-17574	75	16	2000	2000	NUM
iiclr-17574	75	17	,	,	PUNCT
iiclr-17574	75	18	and	and	CCONJ
iiclr-17574	75	19	200	200	NUM
iiclr-17574	75	20	trillion	trillion	NUM
iiclr-17574	75	21	yen	yen	NOUN
iiclr-17574	75	22	by	by	ADP
iiclr-17574	75	23	the	the	DET
iiclr-17574	75	24	year	year	NOUN
iiclr-17574	75	25	2010	2010	NUM
iiclr-17574	75	26	.	.	PUNCT
iiclr-17574	76	1	1995	1995	NUM
iiclr-17574	76	2	]	]	X
iiclr-17574	76	3	ind	ind	NOUN
iiclr-17574	76	4	.	.	PUNCT
iiclr-17574	77	1	int'l	int'l	PROPN
iiclr-17574	77	2	&	&	CCONJ
iiclr-17574	77	3	comp	comp	PROPN
iiclr-17574	77	4	l.	l.	PROPN
iiclr-17574	77	5	rev	rev	PROPN
iiclr-17574	77	6	.	.	PUNCT
iiclr-17574	78	1	competitors	competitor	NOUN
iiclr-17574	78	2	,	,	PUNCT
iiclr-17574	78	3	against	against	ADP
iiclr-17574	78	4	the	the	DET
iiclr-17574	78	5	odds	odd	NOUN
iiclr-17574	78	6	,	,	PUNCT
iiclr-17574	78	7	in	in	ADP
iiclr-17574	78	8	an	an	DET
iiclr-17574	78	9	imposing	imposing	ADJ
iiclr-17574	78	10	and	and	CCONJ
iiclr-17574	78	11	highly	highly	ADV
iiclr-17574	78	12	specialized	specialized	ADJ
iiclr-17574	78	13	american	american	ADJ
iiclr-17574	78	14	market	market	NOUN
iiclr-17574	78	15	,	,	PUNCT
iiclr-17574	78	16	domestic	domestic	ADJ
iiclr-17574	78	17	fund	fund	NOUN
iiclr-17574	78	18	companies	company	NOUN
iiclr-17574	78	19	can	can	AUX
iiclr-17574	78	20	gain	gain	VERB
iiclr-17574	78	21	market	market	NOUN
iiclr-17574	78	22	share	share	NOUN
iiclr-17574	78	23	in	in	ADP
iiclr-17574	78	24	a	a	DET
iiclr-17574	78	25	tersely	tersely	ADV
iiclr-17574	78	26	regulated	regulated	ADJ
iiclr-17574	78	27	japanese	japanese	ADJ
iiclr-17574	78	28	market	market	NOUN
iiclr-17574	78	29	.	.	PUNCT
iiclr-17574	79	1	most	most	ADV
iiclr-17574	79	2	importantly	importantly	ADV
iiclr-17574	79	3	,	,	PUNCT
iiclr-17574	79	4	this	this	DET
iiclr-17574	79	5	section	section	NOUN
iiclr-17574	79	6	is	be	AUX
iiclr-17574	79	7	not	not	PART
iiclr-17574	79	8	sympathetic	sympathetic	ADJ
iiclr-17574	79	9	to	to	ADP
iiclr-17574	79	10	information	information	NOUN
iiclr-17574	79	11	access	access	NOUN
iiclr-17574	79	12	arguments	argument	NOUN
iiclr-17574	79	13	as	as	SCONJ
iiclr-17574	79	14	it	it	PRON
iiclr-17574	79	15	provides	provide	VERB
iiclr-17574	79	16	the	the	DET
iiclr-17574	79	17	legal	legal	ADJ
iiclr-17574	79	18	procedure	procedure	NOUN
iiclr-17574	79	19	necessary	necessary	ADJ
iiclr-17574	79	20	for	for	ADP
iiclr-17574	79	21	u.s	u.s	PROPN
iiclr-17574	79	22	.	.	PROPN
iiclr-17574	79	23	mutual	mutual	ADJ
iiclr-17574	79	24	fund	fund	NOUN
iiclr-17574	79	25	entry	entry	NOUN
iiclr-17574	79	26	into	into	ADP
iiclr-17574	79	27	the	the	DET
iiclr-17574	79	28	japanese	japanese	ADJ
iiclr-17574	79	29	investment	investment	NOUN
iiclr-17574	79	30	trust	trust	NOUN
iiclr-17574	79	31	industry	industry	NOUN
iiclr-17574	79	32	.	.	PUNCT
iiclr-17574	80	1	it	it	PRON
iiclr-17574	80	2	then	then	ADV
iiclr-17574	80	3	studies	study	VERB
iiclr-17574	80	4	the	the	DET
iiclr-17574	80	5	impact	impact	NOUN
iiclr-17574	80	6	of	of	ADP
iiclr-17574	80	7	these	these	DET
iiclr-17574	80	8	regulations	regulation	NOUN
iiclr-17574	80	9	on	on	ADP
iiclr-17574	80	10	domestic	domestic	ADJ
iiclr-17574	80	11	attempts	attempt	NOUN
iiclr-17574	80	12	at	at	ADP
iiclr-17574	80	13	entry	entry	NOUN
iiclr-17574	80	14	,	,	PUNCT
iiclr-17574	80	15	and	and	CCONJ
iiclr-17574	80	16	details	detail	VERB
iiclr-17574	80	17	the	the	DET
iiclr-17574	80	18	unprecedented	unprecedented	ADJ
iiclr-17574	80	19	ministry	ministry	PROPN
iiclr-17574	80	20	of	of	ADP
iiclr-17574	80	21	finance	finance	NOUN
iiclr-17574	80	22	opening	opening	NOUN
iiclr-17574	80	23	of	of	ADP
iiclr-17574	80	24	the	the	DET
iiclr-17574	80	25	highly	highly	ADV
iiclr-17574	80	26	compartmentalized	compartmentalized	ADJ
iiclr-17574	80	27	investment	investment	NOUN
iiclr-17574	80	28	trust	trust	NOUN
iiclr-17574	80	29	management	management	NOUN
iiclr-17574	80	30	industry	industry	NOUN
iiclr-17574	80	31	to	to	ADP
iiclr-17574	80	32	subsidiaries	subsidiary	NOUN
iiclr-17574	80	33	of	of	ADP
iiclr-17574	80	34	japanese	japanese	ADJ
iiclr-17574	80	35	city	city	NOUN
iiclr-17574	80	36	banks	bank	NOUN
iiclr-17574	80	37	.	.	PUNCT
iiclr-17574	81	1	part	part	NOUN
iiclr-17574	81	2	two	two	NUM
iiclr-17574	81	3	concludes	conclude	VERB
iiclr-17574	81	4	that	that	SCONJ
iiclr-17574	81	5	the	the	DET
iiclr-17574	81	6	japanese	japanese	ADJ
iiclr-17574	81	7	investment	investment	NOUN
iiclr-17574	81	8	trust	trust	NOUN
iiclr-17574	81	9	market	market	NOUN
iiclr-17574	81	10	and	and	CCONJ
iiclr-17574	81	11	regulatory	regulatory	ADJ
iiclr-17574	81	12	environment	environment	NOUN
iiclr-17574	81	13	is	be	AUX
iiclr-17574	81	14	ripe	ripe	ADJ
iiclr-17574	81	15	for	for	ADP
iiclr-17574	81	16	entry	entry	NOUN
iiclr-17574	81	17	by	by	ADP
iiclr-17574	81	18	u.s	u.s	PROPN
iiclr-17574	81	19	.	.	PROPN
iiclr-17574	81	20	mutual	mutual	ADJ
iiclr-17574	81	21	fund	fund	NOUN
iiclr-17574	81	22	managers	manager	NOUN
iiclr-17574	81	23	.	.	PUNCT
iiclr-17574	82	1	ii	ii	PROPN
iiclr-17574	82	2	.	.	PUNCT
iiclr-17574	83	1	definition	definition	NOUN
iiclr-17574	83	2	of	of	ADP
iiclr-17574	83	3	a	a	DET
iiclr-17574	83	4	mutual	mutual	ADJ
iiclr-17574	83	5	fund	fund	NOUN
iiclr-17574	83	6	an	an	DET
iiclr-17574	83	7	investment	investment	NOUN
iiclr-17574	83	8	company	company	NOUN
iiclr-17574	83	9	is	be	AUX
iiclr-17574	83	10	defined	define	VERB
iiclr-17574	83	11	under	under	ADP
iiclr-17574	83	12	the	the	DET
iiclr-17574	83	13	investment	investment	NOUN
iiclr-17574	83	14	company	company	NOUN
iiclr-17574	83	15	act	act	NOUN
iiclr-17574	83	16	of	of	ADP
iiclr-17574	83	17	1940	1940	NUM
iiclr-17574	83	18	as	as	ADP
iiclr-17574	83	19	"	"	PUNCT
iiclr-17574	83	20	any	any	DET
iiclr-17574	83	21	issuer	issuer	NOUN
iiclr-17574	83	22	which	which	PRON
iiclr-17574	83	23	is	be	AUX
iiclr-17574	83	24	or	or	CCONJ
iiclr-17574	83	25	holds	hold	VERB
iiclr-17574	83	26	itself	itself	PRON
iiclr-17574	83	27	out	out	ADP
iiclr-17574	83	28	as	as	ADP
iiclr-17574	83	29	being	be	AUX
iiclr-17574	83	30	engaged	engage	VERB
iiclr-17574	83	31	primarily	primarily	ADV
iiclr-17574	83	32	,	,	PUNCT
iiclr-17574	83	33	or	or	CCONJ
iiclr-17574	83	34	proposes	propose	VERB
iiclr-17574	83	35	to	to	PART
iiclr-17574	83	36	engage	engage	VERB
iiclr-17574	83	37	primarily	primarily	ADV
iiclr-17574	83	38	,	,	PUNCT
iiclr-17574	83	39	in	in	ADP
iiclr-17574	83	40	the	the	DET
iiclr-17574	83	41	business	business	NOUN
iiclr-17574	83	42	of	of	ADP
iiclr-17574	83	43	investing	investing	NOUN
iiclr-17574	83	44	,	,	PUNCT
iiclr-17574	83	45	reinvesting	reinveste	VERB
iiclr-17574	83	46	,	,	PUNCT
iiclr-17574	83	47	or	or	CCONJ
iiclr-17574	83	48	trading	trading	NOUN
iiclr-17574	83	49	in	in	ADP
iiclr-17574	83	50	securities	security	NOUN
iiclr-17574	83	51	.	.	PUNCT
iiclr-17574	83	52	'	'	PUNCT
iiclr-17574	84	1	6	6	NUM
iiclr-17574	84	2	investment	investment	NOUN
iiclr-17574	84	3	companies	company	NOUN
iiclr-17574	84	4	allow	allow	VERB
iiclr-17574	84	5	small	small	ADJ
iiclr-17574	84	6	investors	investor	NOUN
iiclr-17574	84	7	to	to	PART
iiclr-17574	84	8	aggregate	aggregate	VERB
iiclr-17574	84	9	their	their	PRON
iiclr-17574	84	10	assets	asset	NOUN
iiclr-17574	84	11	,	,	PUNCT
iiclr-17574	84	12	access	access	VERB
iiclr-17574	84	13	the	the	DET
iiclr-17574	84	14	securities	security	NOUN
iiclr-17574	84	15	markets	market	NOUN
iiclr-17574	84	16	,	,	PUNCT
iiclr-17574	84	17	diversify	diversify	VERB
iiclr-17574	84	18	their	their	PRON
iiclr-17574	84	19	risk	risk	NOUN
iiclr-17574	84	20	,	,	PUNCT
iiclr-17574	84	21	and	and	CCONJ
iiclr-17574	84	22	share	share	VERB
iiclr-17574	84	23	in	in	ADP
iiclr-17574	84	24	gains	gain	NOUN
iiclr-17574	84	25	and	and	CCONJ
iiclr-17574	84	26	losses	loss	NOUN
iiclr-17574	84	27	.	.	PUNCT
iiclr-17574	85	1	7	7	NUM
iiclr-17574	85	2	a	a	DET
iiclr-17574	85	3	mutual	mutual	ADJ
iiclr-17574	85	4	fund	fund	NOUN
iiclr-17574	85	5	is	be	AUX
iiclr-17574	85	6	a	a	DET
iiclr-17574	85	7	type	type	NOUN
iiclr-17574	85	8	of	of	ADP
iiclr-17574	85	9	investment	investment	NOUN
iiclr-17574	85	10	company	company	NOUN
iiclr-17574	85	11	whose	whose	DET
iiclr-17574	85	12	assets	asset	NOUN
iiclr-17574	85	13	are	be	AUX
iiclr-17574	85	14	invested	invest	VERB
iiclr-17574	85	15	in	in	ADP
iiclr-17574	85	16	securities	security	NOUN
iiclr-17574	85	17	.	.	PUNCT
iiclr-17574	86	1	open	open	ADJ
iiclr-17574	86	2	-	-	PUNCT
iiclr-17574	86	3	end	end	NOUN
iiclr-17574	86	4	mutual	mutual	ADJ
iiclr-17574	86	5	funds	fund	NOUN
iiclr-17574	86	6	,	,	PUNCT
iiclr-17574	86	7	the	the	DET
iiclr-17574	86	8	most	most	ADV
iiclr-17574	86	9	common	common	ADJ
iiclr-17574	86	10	form	form	NOUN
iiclr-17574	86	11	of	of	ADP
iiclr-17574	86	12	investment	investment	NOUN
iiclr-17574	86	13	company	company	NOUN
iiclr-17574	86	14	,	,	PUNCT
iiclr-17574	86	15	must	must	AUX
iiclr-17574	86	16	redeem	redeem	VERB
iiclr-17574	86	17	their	their	PRON
iiclr-17574	86	18	shares	share	NOUN
iiclr-17574	86	19	on	on	ADP
iiclr-17574	86	20	demand	demand	NOUN
iiclr-17574	86	21	,	,	PUNCT
iiclr-17574	86	22	at	at	ADP
iiclr-17574	86	23	a	a	DET
iiclr-17574	86	24	value	value	NOUN
iiclr-17574	86	25	equal	equal	ADJ
iiclr-17574	86	26	to	to	ADP
iiclr-17574	86	27	the	the	DET
iiclr-17574	86	28	net	net	ADJ
iiclr-17574	86	29	asset	asset	NOUN
iiclr-17574	86	30	value	value	NOUN
iiclr-17574	86	31	at	at	ADP
iiclr-17574	86	32	the	the	DET
iiclr-17574	86	33	next	next	ADJ
iiclr-17574	86	34	calculation	calculation	NOUN
iiclr-17574	86	35	,	,	PUNCT
iiclr-17574	86	36	and	and	CCONJ
iiclr-17574	86	37	must	must	AUX
iiclr-17574	86	38	mail	mail	VERB
iiclr-17574	86	39	the	the	DET
iiclr-17574	86	40	proceeds	proceed	NOUN
iiclr-17574	86	41	within	within	ADP
iiclr-17574	86	42	seven	seven	NUM
iiclr-17574	86	43	days	day	NOUN
iiclr-17574	86	44	.	.	PUNCT
iiclr-17574	87	1	conversely	conversely	ADV
iiclr-17574	87	2	,	,	PUNCT
iiclr-17574	87	3	the	the	DET
iiclr-17574	87	4	closed	close	VERB
iiclr-17574	87	5	-	-	PUNCT
iiclr-17574	87	6	end	end	NOUN
iiclr-17574	87	7	investment	investment	NOUN
iiclr-17574	87	8	company	company	NOUN
iiclr-17574	87	9	does	do	AUX
iiclr-17574	87	10	not	not	PART
iiclr-17574	87	11	redeem	redeem	VERB
iiclr-17574	87	12	its	its	PRON
iiclr-17574	87	13	shares	share	NOUN
iiclr-17574	87	14	and	and	CCONJ
iiclr-17574	87	15	is	be	AUX
iiclr-17574	87	16	more	more	ADV
iiclr-17574	87	17	suitable	suitable	ADJ
iiclr-17574	87	18	for	for	ADP
iiclr-17574	87	19	those	those	PRON
iiclr-17574	87	20	who	who	PRON
iiclr-17574	87	21	like	like	VERB
iiclr-17574	87	22	less	less	ADJ
iiclr-17574	87	23	liquid	liquid	ADJ
iiclr-17574	87	24	securities	security	NOUN
iiclr-17574	87	25	.	.	PUNCT
iiclr-17574	88	1	9	9	NUM
iiclr-17574	88	2	unlike	unlike	ADP
iiclr-17574	88	3	open	open	ADJ
iiclr-17574	88	4	-	-	PUNCT
iiclr-17574	88	5	end	end	NOUN
iiclr-17574	88	6	funds	fund	NOUN
iiclr-17574	88	7	,	,	PUNCT
iiclr-17574	88	8	whose	whose	DET
iiclr-17574	88	9	issuers	issuer	NOUN
iiclr-17574	88	10	redeem	redeem	VERB
iiclr-17574	88	11	shares	share	NOUN
iiclr-17574	88	12	at	at	ADP
iiclr-17574	88	13	net	net	ADJ
iiclr-17574	88	14	asset	asset	NOUN
iiclr-17574	88	15	value	value	NOUN
iiclr-17574	88	16	,	,	PUNCT
iiclr-17574	88	17	the	the	DET
iiclr-17574	88	18	closed	close	VERB
iiclr-17574	88	19	-	-	PUNCT
iiclr-17574	88	20	end	end	NOUN
iiclr-17574	88	21	funds	fund	NOUN
iiclr-17574	88	22	'	'	PART
iiclr-17574	88	23	chief	chief	ADJ
iiclr-17574	88	24	disadvantage	disadvantage	NOUN
iiclr-17574	88	25	has	have	AUX
iiclr-17574	88	26	been	be	AUX
iiclr-17574	88	27	that	that	SCONJ
iiclr-17574	88	28	its	its	PRON
iiclr-17574	88	29	shares	share	NOUN
iiclr-17574	88	30	sell	sell	VERB
iiclr-17574	88	31	at	at	ADP
iiclr-17574	88	32	a	a	DET
iiclr-17574	88	33	discount	discount	NOUN
iiclr-17574	88	34	to	to	ADP
iiclr-17574	88	35	net	net	ADJ
iiclr-17574	88	36	asset	asset	NOUN
iiclr-17574	88	37	value.2	value.2	PROPN
iiclr-17574	88	38	mutual	mutual	ADJ
iiclr-17574	88	39	fund	fund	NOUN
iiclr-17574	88	40	shares	share	NOUN
iiclr-17574	88	41	differ	differ	VERB
iiclr-17574	88	42	fundamentally	fundamentally	ADV
iiclr-17574	88	43	from	from	ADP
iiclr-17574	88	44	other	other	ADJ
iiclr-17574	88	45	types	type	NOUN
iiclr-17574	88	46	of	of	ADP
iiclr-17574	88	47	securities	security	NOUN
iiclr-17574	88	48	.	.	PUNCT
iiclr-17574	89	1	investment	investment	NOUN
iiclr-17574	89	2	companies	company	NOUN
iiclr-17574	89	3	use	use	VERB
iiclr-17574	89	4	the	the	DET
iiclr-17574	89	5	security	security	NOUN
iiclr-17574	89	6	sale	sale	NOUN
iiclr-17574	89	7	proceeds	proceed	NOUN
iiclr-17574	89	8	to	to	PART
iiclr-17574	89	9	engage	engage	VERB
iiclr-17574	89	10	in	in	ADP
iiclr-17574	89	11	the	the	DET
iiclr-17574	89	12	business	business	NOUN
iiclr-17574	89	13	of	of	ADP
iiclr-17574	89	14	investing	invest	VERB
iiclr-17574	89	15	in	in	ADP
iiclr-17574	89	16	securities2	securities2	NOUN
iiclr-17574	89	17	'	'	PUNCT
iiclr-17574	89	18	as	as	SCONJ
iiclr-17574	89	19	opposed	oppose	VERB
iiclr-17574	89	20	to	to	ADP
iiclr-17574	89	21	using	use	VERB
iiclr-17574	89	22	the	the	DET
iiclr-17574	89	23	newly	newly	ADV
iiclr-17574	89	24	acquired	acquire	VERB
iiclr-17574	89	25	funds	fund	NOUN
iiclr-17574	89	26	received	receive	VERB
iiclr-17574	89	27	from	from	ADP
iiclr-17574	89	28	their	their	PRON
iiclr-17574	89	29	shareholders	shareholder	NOUN
iiclr-17574	89	30	to	to	PART
iiclr-17574	89	31	finance	finance	VERB
iiclr-17574	89	32	existing	exist	VERB
iiclr-17574	89	33	or	or	CCONJ
iiclr-17574	89	34	expanding	expand	VERB
iiclr-17574	89	35	operations	operation	NOUN
iiclr-17574	89	36	.	.	PUNCT
iiclr-17574	90	1	unlike	unlike	ADP
iiclr-17574	90	2	typical	typical	ADJ
iiclr-17574	90	3	security	security	NOUN
iiclr-17574	90	4	shares	share	NOUN
iiclr-17574	90	5	that	that	PRON
iiclr-17574	90	6	evidence	evidence	NOUN
iiclr-17574	90	7	an	an	DET
iiclr-17574	90	8	equity	equity	NOUN
iiclr-17574	90	9	position	position	NOUN
iiclr-17574	90	10	or	or	CCONJ
iiclr-17574	90	11	debt	debt	NOUN
iiclr-17574	90	12	obligation	obligation	NOUN
iiclr-17574	90	13	in	in	ADP
iiclr-17574	90	14	one	one	NUM
iiclr-17574	90	15	company	company	NOUN
iiclr-17574	90	16	,	,	PUNCT
iiclr-17574	90	17	a	a	DET
iiclr-17574	90	18	share	share	NOUN
iiclr-17574	90	19	or	or	CCONJ
iiclr-17574	90	20	certificate	certificate	NOUN
iiclr-17574	90	21	in	in	ADP
iiclr-17574	90	22	a	a	DET
iiclr-17574	90	23	mutual	mutual	ADJ
iiclr-17574	90	24	fund	fund	NOUN
iiclr-17574	90	25	represents	represent	VERB
iiclr-17574	90	26	a	a	DET
iiclr-17574	90	27	pro	pro	ADJ
iiclr-17574	90	28	rata	rata	ADJ
iiclr-17574	90	29	interest	interest	NOUN
iiclr-17574	90	30	in	in	ADP
iiclr-17574	90	31	a	a	DET
iiclr-17574	90	32	pooled	pooled	ADJ
iiclr-17574	90	33	portfolio	portfolio	NOUN
iiclr-17574	90	34	of	of	ADP
iiclr-17574	90	35	financial	financial	ADJ
iiclr-17574	90	36	assets	asset	NOUN
iiclr-17574	90	37	.	.	PUNCT
iiclr-17574	91	1	16	16	NUM
iiclr-17574	91	2	.	.	NOUN
iiclr-17574	91	3	15	15	NUM
iiclr-17574	91	4	u.s.c	u.s.c	NOUN
iiclr-17574	91	5	.	.	PUNCT
iiclr-17574	92	1	§	§	PROPN
iiclr-17574	92	2	80a-3(a)(1	80a-3(a)(1	NUM
iiclr-17574	92	3	)	)	PUNCT
iiclr-17574	92	4	(	(	PUNCT
iiclr-17574	92	5	1988	1988	NUM
iiclr-17574	92	6	)	)	PUNCT
iiclr-17574	92	7	.	.	PUNCT
iiclr-17574	93	1	17	17	NUM
iiclr-17574	93	2	.	.	PUNCT
iiclr-17574	94	1	melanie	melanie	PROPN
iiclr-17574	94	2	l.	l.	PROPN
iiclr-17574	94	3	fein	fein	PROPN
iiclr-17574	95	1	er	er	PROPN
iiclr-17574	95	2	al	al	PROPN
iiclr-17574	95	3	.	.	PROPN
iiclr-17574	95	4	,	,	PUNCT
iiclr-17574	95	5	mutual	mutual	ADJ
iiclr-17574	95	6	fund	fund	NOUN
iiclr-17574	95	7	acuvtits	acuvtit	NOUN
iiclr-17574	95	8	of	of	ADP
iiclr-17574	95	9	banks	bank	NOUN
iiclr-17574	95	10	§	§	PROPN
iiclr-17574	95	11	1.03	1.03	NUM
iiclr-17574	95	12	,	,	PUNCT
iiclr-17574	95	13	at	at	ADP
iiclr-17574	95	14	1	1	NUM
iiclr-17574	95	15	-	-	SYM
iiclr-17574	95	16	7	7	NUM
iiclr-17574	95	17	(	(	PUNCT
iiclr-17574	95	18	1993	1993	NUM
iiclr-17574	95	19	)	)	PUNCT
iiclr-17574	95	20	.	.	PUNCT
iiclr-17574	96	1	18	18	NUM
iiclr-17574	96	2	.	.	PUNCT
iiclr-17574	96	3	phillip	phillip	PROPN
iiclr-17574	96	4	r.	r.	PROPN
iiclr-17574	96	5	mack	mack	PROPN
iiclr-17574	96	6	,	,	PUNCT
iiclr-17574	96	7	recent	recent	ADJ
iiclr-17574	96	8	trends	trend	NOUN
iiclr-17574	96	9	in	in	ADP
iiclr-17574	96	10	the	the	DET
iiclr-17574	96	11	mutual	mutual	ADJ
iiclr-17574	96	12	fund	fund	NOUN
iiclr-17574	96	13	industry	industry	NOUN
iiclr-17574	96	14	,	,	PUNCT
iiclr-17574	96	15	79	79	NUM
iiclr-17574	96	16	fed	fed	PROPN
iiclr-17574	96	17	.	.	PUNCT
iiclr-17574	97	1	reserve	reserve	PROPN
iiclr-17574	97	2	bull	bull	PROPN
iiclr-17574	97	3	.	.	PUNCT
iiclr-17574	98	1	1001	1001	NUM
iiclr-17574	98	2	,	,	PUNCT
iiclr-17574	98	3	1001	1001	NUM
iiclr-17574	98	4	-	-	SYM
iiclr-17574	98	5	02	02	NUM
iiclr-17574	98	6	(	(	PUNCT
iiclr-17574	98	7	1993	1993	NUM
iiclr-17574	98	8	)	)	PUNCT
iiclr-17574	98	9	.	.	PUNCT
iiclr-17574	99	1	19	19	NUM
iiclr-17574	99	2	.	.	PUNCT
iiclr-17574	100	1	i	i	PRON
iiclr-17574	100	2	d.	d.	PROPN
iiclr-17574	100	3	at	at	ADP
iiclr-17574	100	4	1002	1002	NUM
iiclr-17574	100	5	.	.	PUNCT
iiclr-17574	101	1	20	20	NUM
iiclr-17574	101	2	.	.	X
iiclr-17574	102	1	fein	fein	PROPN
iiclr-17574	102	2	,	,	PUNCT
iiclr-17574	102	3	supra	supra	PROPN
iiclr-17574	102	4	note	note	PROPN
iiclr-17574	102	5	17	17	NUM
iiclr-17574	102	6	,	,	PUNCT
iiclr-17574	102	7	§	§	PROPN
iiclr-17574	102	8	4.03	4.03	NUM
iiclr-17574	102	9	,	,	PUNCT
iiclr-17574	102	10	at	at	ADP
iiclr-17574	102	11	4	4	NUM
iiclr-17574	102	12	-	-	SYM
iiclr-17574	102	13	16	16	NUM
iiclr-17574	102	14	.	.	PUNCT
iiclr-17574	103	1	21	21	NUM
iiclr-17574	103	2	.	.	PUNCT
iiclr-17574	104	1	i	i	PRON
iiclr-17574	104	2	d.	d.	PROPN
iiclr-17574	104	3	§	§	PROPN
iiclr-17574	104	4	1.03	1.03	NUM
iiclr-17574	104	5	,	,	PUNCT
iiclr-17574	104	6	at	at	ADP
iiclr-17574	104	7	1	1	NUM
iiclr-17574	104	8	-	-	SYM
iiclr-17574	104	9	7	7	NUM
iiclr-17574	104	10	.	.	PUNCT
iiclr-17574	105	1	[	[	X
iiclr-17574	105	2	vol	vol	NOUN
iiclr-17574	105	3	.	.	PUNCT
iiclr-17574	105	4	5:2	5:2	NUM
iiclr-17574	105	5	mutual	mutual	ADJ
iiclr-17574	105	6	fund	fund	NOUN
iiclr-17574	105	7	emergence	emergence	VERB
iiclr-17574	105	8	under	under	ADP
iiclr-17574	105	9	the	the	DET
iiclr-17574	105	10	investment	investment	NOUN
iiclr-17574	105	11	advisers	adviser	NOUN
iiclr-17574	105	12	act	act	VERB
iiclr-17574	105	13	of	of	ADP
iiclr-17574	105	14	1940	1940	NUM
iiclr-17574	105	15	,	,	PUNCT
iiclr-17574	105	16	mutual	mutual	ADJ
iiclr-17574	105	17	fund	fund	NOUN
iiclr-17574	105	18	advisers	adviser	NOUN
iiclr-17574	105	19	must	must	AUX
iiclr-17574	105	20	register	register	VERB
iiclr-17574	105	21	with	with	ADP
iiclr-17574	105	22	the	the	DET
iiclr-17574	105	23	securities	security	NOUN
iiclr-17574	105	24	and	and	CCONJ
iiclr-17574	105	25	exchange	exchange	PROPN
iiclr-17574	105	26	commission	commission	PROPN
iiclr-17574	105	27	(	(	PUNCT
iiclr-17574	105	28	sec).22	sec).22	NOUN
iiclr-17574	105	29	commercial	commercial	ADJ
iiclr-17574	105	30	banks	bank	NOUN
iiclr-17574	105	31	,	,	PUNCT
iiclr-17574	105	32	and	and	CCONJ
iiclr-17574	105	33	any	any	DET
iiclr-17574	105	34	bank	bank	NOUN
iiclr-17574	105	35	holding	hold	VERB
iiclr-17574	105	36	company	company	NOUN
iiclr-17574	105	37	as	as	SCONJ
iiclr-17574	105	38	defined	define	VERB
iiclr-17574	105	39	in	in	ADP
iiclr-17574	105	40	the	the	DET
iiclr-17574	105	41	bank	bank	NOUN
iiclr-17574	105	42	holding	hold	VERB
iiclr-17574	105	43	company	company	NOUN
iiclr-17574	105	44	acto	acto	X
iiclr-17574	105	45	of	of	ADP
iiclr-17574	105	46	1956	1956	NUM
iiclr-17574	105	47	,	,	PUNCT
iiclr-17574	105	48	are	be	AUX
iiclr-17574	105	49	specifically	specifically	ADV
iiclr-17574	105	50	excluded	exclude	VERB
iiclr-17574	105	51	from	from	ADP
iiclr-17574	105	52	the	the	DET
iiclr-17574	105	53	definition	definition	NOUN
iiclr-17574	105	54	of	of	ADP
iiclr-17574	105	55	investment	investment	NOUN
iiclr-17574	105	56	adviser	adviser	NOUN
iiclr-17574	105	57	and	and	CCONJ
iiclr-17574	105	58	are	be	AUX
iiclr-17574	105	59	subsequently	subsequently	ADV
iiclr-17574	105	60	exempt	exempt	ADJ
iiclr-17574	105	61	from	from	ADP
iiclr-17574	105	62	registration	registration	NOUN
iiclr-17574	105	63	under	under	ADP
iiclr-17574	105	64	the	the	DET
iiclr-17574	105	65	investment	investment	NOUN
iiclr-17574	105	66	advisers	adviser	NOUN
iiclr-17574	105	67	act	act	VERB
iiclr-17574	105	68	of	of	ADP
iiclr-17574	105	69	1940.23	1940.23	NUM
iiclr-17574	105	70	commercial	commercial	ADJ
iiclr-17574	105	71	banks	bank	NOUN
iiclr-17574	105	72	are	be	AUX
iiclr-17574	105	73	therefore	therefore	ADV
iiclr-17574	105	74	not	not	PART
iiclr-17574	105	75	subject	subject	ADJ
iiclr-17574	105	76	to	to	ADP
iiclr-17574	105	77	a	a	DET
iiclr-17574	105	78	number	number	NOUN
iiclr-17574	105	79	of	of	ADP
iiclr-17574	105	80	substantive	substantive	ADJ
iiclr-17574	105	81	requirements	requirement	NOUN
iiclr-17574	105	82	such	such	ADJ
iiclr-17574	105	83	as	as	SCONJ
iiclr-17574	105	84	the	the	DET
iiclr-17574	105	85	advisers	adviser	NOUN
iiclr-17574	105	86	act	act	VERB
iiclr-17574	105	87	anti	anti	ADJ
iiclr-17574	105	88	-	-	ADJ
iiclr-17574	105	89	fraud	fraud	ADJ
iiclr-17574	105	90	provisions	provision	NOUN
iiclr-17574	105	91	,	,	PUNCT
iiclr-17574	105	92	24	24	NUM
iiclr-17574	105	93	the	the	DET
iiclr-17574	105	94	regulation	regulation	NOUN
iiclr-17574	105	95	of	of	ADP
iiclr-17574	105	96	performance	performance	NOUN
iiclr-17574	105	97	fees,25	fees,25	NOUN
iiclr-17574	105	98	and	and	CCONJ
iiclr-17574	105	99	to	to	ADP
iiclr-17574	105	100	the	the	DET
iiclr-17574	105	101	requirement	requirement	NOUN
iiclr-17574	105	102	to	to	PART
iiclr-17574	105	103	establish	establish	VERB
iiclr-17574	105	104	procedures	procedure	NOUN
iiclr-17574	105	105	designed	design	VERB
iiclr-17574	105	106	to	to	PART
iiclr-17574	105	107	prevent	prevent	VERB
iiclr-17574	105	108	the	the	DET
iiclr-17574	105	109	misuse	misuse	NOUN
iiclr-17574	105	110	of	of	ADP
iiclr-17574	105	111	non	non	ADJ
iiclr-17574	105	112	-	-	ADJ
iiclr-17574	105	113	public	public	ADJ
iiclr-17574	105	114	information	information	NOUN
iiclr-17574	105	115	.	.	PUNCT
iiclr-17574	106	1	26	26	NUM
iiclr-17574	106	2	mutual	mutual	ADJ
iiclr-17574	106	3	funds	fund	NOUN
iiclr-17574	106	4	also	also	ADV
iiclr-17574	106	5	are	be	AUX
iiclr-17574	106	6	required	require	VERB
iiclr-17574	106	7	by	by	ADP
iiclr-17574	106	8	the	the	DET
iiclr-17574	106	9	investment	investment	NOUN
iiclr-17574	106	10	advisers	adviser	NOUN
iiclr-17574	106	11	act	act	VERB
iiclr-17574	106	12	of	of	ADP
iiclr-17574	106	13	1940	1940	NUM
iiclr-17574	106	14	to	to	PART
iiclr-17574	106	15	register	register	VERB
iiclr-17574	106	16	with	with	ADP
iiclr-17574	106	17	the	the	DET
iiclr-17574	106	18	sec	sec	PROPN
iiclr-17574	106	19	.	.	PROPN
iiclr-17574	106	20	27	27	NUM
iiclr-17574	106	21	the	the	DET
iiclr-17574	106	22	mutual	mutual	ADJ
iiclr-17574	106	23	fund	fund	NOUN
iiclr-17574	106	24	must	must	AUX
iiclr-17574	106	25	be	be	AUX
iiclr-17574	106	26	operated	operate	VERB
iiclr-17574	106	27	in	in	ADP
iiclr-17574	106	28	the	the	DET
iiclr-17574	106	29	best	good	ADJ
iiclr-17574	106	30	interest	interest	NOUN
iiclr-17574	106	31	of	of	ADP
iiclr-17574	106	32	the	the	DET
iiclr-17574	106	33	fund	fund	NOUN
iiclr-17574	106	34	's	's	PART
iiclr-17574	106	35	shareholders	shareholder	NOUN
iiclr-17574	106	36	.	.	PUNCT
iiclr-17574	107	1	28	28	NUM
iiclr-17574	107	2	fraudulent	fraudulent	ADJ
iiclr-17574	107	3	practices	practice	NOUN
iiclr-17574	107	4	are	be	AUX
iiclr-17574	107	5	expressly	expressly	ADV
iiclr-17574	107	6	prohibited	prohibit	VERB
iiclr-17574	107	7	,	,	PUNCT
iiclr-17574	107	8	and	and	CCONJ
iiclr-17574	107	9	violations	violation	NOUN
iiclr-17574	107	10	are	be	AUX
iiclr-17574	107	11	subject	subject	ADJ
iiclr-17574	107	12	to	to	ADP
iiclr-17574	107	13	sec	sec	PROPN
iiclr-17574	107	14	enforcement	enforcement	NOUN
iiclr-17574	107	15	.	.	PUNCT
iiclr-17574	108	1	shareholder	shareholder	NOUN
iiclr-17574	108	2	approval	approval	NOUN
iiclr-17574	108	3	is	be	AUX
iiclr-17574	108	4	required	require	VERB
iiclr-17574	108	5	for	for	ADP
iiclr-17574	108	6	a	a	DET
iiclr-17574	108	7	change	change	NOUN
iiclr-17574	108	8	in	in	ADP
iiclr-17574	108	9	investment	investment	NOUN
iiclr-17574	108	10	policy	policy	NOUN
iiclr-17574	108	11	and	and	CCONJ
iiclr-17574	108	12	investment	investment	NOUN
iiclr-17574	108	13	adviser	adviser	NOUN
iiclr-17574	108	14	compensation	compensation	NOUN
iiclr-17574	108	15	.	.	PUNCT
iiclr-17574	109	1	further	far	ADV
iiclr-17574	109	2	,	,	PUNCT
iiclr-17574	109	3	the	the	DET
iiclr-17574	109	4	use	use	NOUN
iiclr-17574	109	5	of	of	ADP
iiclr-17574	109	6	financial	financial	ADJ
iiclr-17574	109	7	leverage	leverage	NOUN
iiclr-17574	109	8	is	be	AUX
iiclr-17574	109	9	limited	limited	ADJ
iiclr-17574	109	10	,	,	PUNCT
iiclr-17574	109	11	aid	aid	NOUN
iiclr-17574	109	12	transactions	transaction	NOUN
iiclr-17574	109	13	between	between	ADP
iiclr-17574	109	14	the	the	DET
iiclr-17574	109	15	fund	fund	NOUN
iiclr-17574	109	16	and	and	CCONJ
iiclr-17574	109	17	its	its	PRON
iiclr-17574	109	18	affiliates	affiliate	NOUN
iiclr-17574	109	19	are	be	AUX
iiclr-17574	109	20	prohibited.29	prohibited.29	NOUN
iiclr-17574	109	21	"	"	PUNCT
iiclr-17574	109	22	pursuant	pursuant	ADJ
iiclr-17574	109	23	to	to	ADP
iiclr-17574	109	24	the	the	DET
iiclr-17574	109	25	securities	security	NOUN
iiclr-17574	109	26	act	act	NOUN
iiclr-17574	109	27	of	of	ADP
iiclr-17574	109	28	1933	1933	NUM
iiclr-17574	109	29	,	,	PUNCT
iiclr-17574	109	30	mutual	mutual	ADJ
iiclr-17574	109	31	funds	fund	NOUN
iiclr-17574	109	32	must	must	AUX
iiclr-17574	109	33	provide	provide	VERB
iiclr-17574	109	34	investors	investor	NOUN
iiclr-17574	109	35	with	with	ADP
iiclr-17574	109	36	accurate	accurate	ADJ
iiclr-17574	109	37	information	information	NOUN
iiclr-17574	109	38	about	about	ADP
iiclr-17574	109	39	its	its	PRON
iiclr-17574	109	40	investment	investment	NOUN
iiclr-17574	109	41	objective	objective	NOUN
iiclr-17574	109	42	,	,	PUNCT
iiclr-17574	109	43	yield	yield	NOUN
iiclr-17574	109	44	,	,	PUNCT
iiclr-17574	109	45	and	and	CCONJ
iiclr-17574	109	46	operating	operating	NOUN
iiclr-17574	109	47	procedures	procedure	NOUN
iiclr-17574	109	48	through	through	ADP
iiclr-17574	109	49	a	a	DET
iiclr-17574	109	50	prospectus	prospectus	NOUN
iiclr-17574	109	51	.	.	PUNCT
iiclr-17574	109	52	'	'	PUNCT
iiclr-17574	110	1	3	3	NUM
iiclr-17574	110	2	mutual	mutual	ADJ
iiclr-17574	110	3	fund	fund	NOUN
iiclr-17574	110	4	shares	share	NOUN
iiclr-17574	110	5	must	must	AUX
iiclr-17574	110	6	be	be	AUX
iiclr-17574	110	7	registered	register	VERB
iiclr-17574	110	8	with	with	ADP
iiclr-17574	110	9	the	the	DET
iiclr-17574	110	10	sec.3	sec.3	NOUN
iiclr-17574	110	11	to	to	PART
iiclr-17574	110	12	determine	determine	VERB
iiclr-17574	110	13	if	if	SCONJ
iiclr-17574	110	14	the	the	DET
iiclr-17574	110	15	regulatory	regulatory	ADJ
iiclr-17574	110	16	requirements	requirement	NOUN
iiclr-17574	110	17	are	be	AUX
iiclr-17574	110	18	met	meet	VERB
iiclr-17574	110	19	,	,	PUNCT
iiclr-17574	110	20	the	the	DET
iiclr-17574	110	21	sec	sec	PROPN
iiclr-17574	110	22	reviews	review	VERB
iiclr-17574	110	23	disclosure	disclosure	NOUN
iiclr-17574	110	24	statements	statement	NOUN
iiclr-17574	110	25	and	and	CCONJ
iiclr-17574	110	26	conducts	conduct	NOUN
iiclr-17574	110	27	on	on	ADP
iiclr-17574	110	28	-	-	PUNCT
iiclr-17574	110	29	site	site	NOUN
iiclr-17574	110	30	examinations	examination	NOUN
iiclr-17574	110	31	.	.	PUNCT
iiclr-17574	111	1	the	the	DET
iiclr-17574	111	2	sec	sec	PROPN
iiclr-17574	111	3	reviews	review	NOUN
iiclr-17574	111	4	fund	fund	NOUN
iiclr-17574	111	5	disclosures	disclosure	NOUN
iiclr-17574	111	6	about	about	ADP
iiclr-17574	111	7	operating	operating	NOUN
iiclr-17574	111	8	plans	plan	NOUN
iiclr-17574	111	9	,	,	PUNCT
iiclr-17574	111	10	management	management	NOUN
iiclr-17574	111	11	structure	structure	NOUN
iiclr-17574	111	12	,	,	PUNCT
iiclr-17574	111	13	and	and	CCONJ
iiclr-17574	111	14	financial	financial	ADJ
iiclr-17574	111	15	condition	condition	NOUN
iiclr-17574	111	16	.	.	PUNCT
iiclr-17574	112	1	on	on	ADP
iiclr-17574	112	2	-	-	PUNCT
iiclr-17574	112	3	site	site	NOUN
iiclr-17574	112	4	examinations	examination	NOUN
iiclr-17574	112	5	typically	typically	ADV
iiclr-17574	112	6	probe	probe	VERB
iiclr-17574	112	7	the	the	DET
iiclr-17574	112	8	funds	fund	NOUN
iiclr-17574	112	9	'	'	PART
iiclr-17574	112	10	valuation	valuation	NOUN
iiclr-17574	112	11	techniques	technique	NOUN
iiclr-17574	112	12	,	,	PUNCT
iiclr-17574	112	13	investment	investment	NOUN
iiclr-17574	112	14	activities	activity	NOUN
iiclr-17574	112	15	,	,	PUNCT
iiclr-17574	112	16	management	management	NOUN
iiclr-17574	112	17	functions	function	NOUN
iiclr-17574	112	18	,	,	PUNCT
iiclr-17574	112	19	and	and	CCONJ
iiclr-17574	112	20	sales	sale	NOUN
iiclr-17574	112	21	,	,	PUNCT
iiclr-17574	112	22	and	and	CCONJ
iiclr-17574	112	23	liquidation	liquidation	NOUN
iiclr-17574	112	24	of	of	ADP
iiclr-17574	112	25	shares.3	shares.3	PROPN
iiclr-17574	112	26	2	2	NUM
iiclr-17574	112	27	because	because	SCONJ
iiclr-17574	112	28	bank	bank	NOUN
iiclr-17574	112	29	advisers	adviser	NOUN
iiclr-17574	112	30	are	be	AUX
iiclr-17574	112	31	not	not	PART
iiclr-17574	112	32	required	require	VERB
iiclr-17574	112	33	to	to	PART
iiclr-17574	112	34	register	register	VERB
iiclr-17574	112	35	with	with	ADP
iiclr-17574	112	36	the	the	DET
iiclr-17574	112	37	sec	sec	PROPN
iiclr-17574	112	38	as	as	ADP
iiclr-17574	112	39	investment	investment	NOUN
iiclr-17574	112	40	22	22	NUM
iiclr-17574	112	41	.	.	PUNCT
iiclr-17574	112	42	15	15	NUM
iiclr-17574	112	43	u.s.c	u.s.c	NOUN
iiclr-17574	112	44	.	.	PUNCT
iiclr-17574	113	1	§	§	PROPN
iiclr-17574	113	2	80b-3(a	80b-3(a	NUM
iiclr-17574	113	3	)	)	PUNCT
iiclr-17574	113	4	1988	1988	NUM
iiclr-17574	113	5	.	.	PUNCT
iiclr-17574	114	1	23	23	NUM
iiclr-17574	114	2	.	.	NOUN
iiclr-17574	114	3	15	15	NUM
iiclr-17574	114	4	u.s.c	u.s.c	NOUN
iiclr-17574	114	5	.	.	PUNCT
iiclr-17574	115	1	§	§	PROPN
iiclr-17574	115	2	80b-2(1	80b-2(1	NUM
iiclr-17574	115	3	1	1	NUM
iiclr-17574	115	4	)	)	PUNCT
iiclr-17574	115	5	.	.	PUNCT
iiclr-17574	116	1	24	24	NUM
iiclr-17574	116	2	.	.	NOUN
iiclr-17574	116	3	15	15	NUM
iiclr-17574	116	4	u.s.c	u.s.c	NOUN
iiclr-17574	116	5	.	.	PUNCT
iiclr-17574	117	1	§	§	PROPN
iiclr-17574	117	2	80b-6	80b-6	NUM
iiclr-17574	117	3	.	.	PUNCT
iiclr-17574	118	1	25	25	NUM
iiclr-17574	118	2	.	.	NOUN
iiclr-17574	118	3	15	15	NUM
iiclr-17574	118	4	u.s.c	u.s.c	NOUN
iiclr-17574	118	5	.	.	PUNCT
iiclr-17574	119	1	§	§	PROPN
iiclr-17574	119	2	80b-5	80b-5	NUM
iiclr-17574	119	3	.	.	PUNCT
iiclr-17574	120	1	typically	typically	ADV
iiclr-17574	120	2	,	,	PUNCT
iiclr-17574	120	3	the	the	DET
iiclr-17574	120	4	investment	investment	NOUN
iiclr-17574	120	5	adviser	adviser	NOUN
iiclr-17574	120	6	's	's	PART
iiclr-17574	120	7	compensation	compensation	NOUN
iiclr-17574	120	8	is	be	AUX
iiclr-17574	120	9	a	a	DET
iiclr-17574	120	10	fee	fee	NOUN
iiclr-17574	120	11	based	base	VERB
iiclr-17574	120	12	upon	upon	SCONJ
iiclr-17574	120	13	a	a	DET
iiclr-17574	120	14	percentage	percentage	NOUN
iiclr-17574	120	15	of	of	ADP
iiclr-17574	120	16	the	the	DET
iiclr-17574	120	17	net	net	ADJ
iiclr-17574	120	18	asset	asset	NOUN
iiclr-17574	120	19	value	value	NOUN
iiclr-17574	120	20	of	of	ADP
iiclr-17574	120	21	the	the	DET
iiclr-17574	120	22	mutual	mutual	ADJ
iiclr-17574	120	23	fund	fund	NOUN
iiclr-17574	120	24	.	.	PUNCT
iiclr-17574	121	1	fein	fein	PROPN
iiclr-17574	121	2	,	,	PUNCT
iiclr-17574	121	3	supra	supra	PROPN
iiclr-17574	121	4	note	note	PROPN
iiclr-17574	121	5	17	17	NUM
iiclr-17574	121	6	,	,	PUNCT
iiclr-17574	121	7	§	§	NOUN
iiclr-17574	121	8	1.04	1.04	NUM
iiclr-17574	121	9	,	,	PUNCT
iiclr-17574	121	10	at	at	ADP
iiclr-17574	121	11	1	1	NUM
iiclr-17574	121	12	-	-	SYM
iiclr-17574	121	13	11	11	NUM
iiclr-17574	121	14	.	.	PUNCT
iiclr-17574	122	1	26	26	NUM
iiclr-17574	122	2	.	.	NOUN
iiclr-17574	122	3	15	15	NUM
iiclr-17574	122	4	u.s.c	u.s.c	NOUN
iiclr-17574	122	5	.	.	PUNCT
iiclr-17574	123	1	§	§	PROPN
iiclr-17574	123	2	80b-4a	80b-4a	NUM
iiclr-17574	123	3	.	.	PUNCT
iiclr-17574	123	4	27	27	NUM
iiclr-17574	123	5	.	.	NOUN
iiclr-17574	123	6	15	15	NUM
iiclr-17574	123	7	u.s.c	u.s.c	NOUN
iiclr-17574	123	8	.	.	PUNCT
iiclr-17574	124	1	§	§	PROPN
iiclr-17574	124	2	80a-8	80a-8	NUM
iiclr-17574	124	3	.	.	PUNCT
iiclr-17574	125	1	there	there	PRON
iiclr-17574	125	2	are	be	VERB
iiclr-17574	125	3	some	some	DET
iiclr-17574	125	4	exemptions	exemption	NOUN
iiclr-17574	125	5	to	to	ADP
iiclr-17574	125	6	registration	registration	NOUN
iiclr-17574	125	7	for	for	ADP
iiclr-17574	125	8	certain	certain	ADJ
iiclr-17574	125	9	specified	specify	VERB
iiclr-17574	125	10	investment	investment	NOUN
iiclr-17574	125	11	companies	company	NOUN
iiclr-17574	125	12	.	.	PUNCT
iiclr-17574	126	1	15	15	NUM
iiclr-17574	126	2	u.s.c	u.s.c	ADJ
iiclr-17574	126	3	.	.	PUNCT
iiclr-17574	127	1	§	§	PROPN
iiclr-17574	127	2	80a-6	80a-6	PROPN
iiclr-17574	127	3	.	.	PUNCT
iiclr-17574	128	1	28	28	NUM
iiclr-17574	128	2	.	.	NOUN
iiclr-17574	128	3	15	15	NUM
iiclr-17574	128	4	u.s.c	u.s.c	NOUN
iiclr-17574	128	5	.	.	PUNCT
iiclr-17574	129	1	§	§	PROPN
iiclr-17574	129	2	80a	80a	NOUN
iiclr-17574	129	3	-	-	PUNCT
iiclr-17574	129	4	l(b	l(b	NOUN
iiclr-17574	129	5	)	)	PUNCT
iiclr-17574	129	6	.	.	PUNCT
iiclr-17574	130	1	29	29	NUM
iiclr-17574	130	2	.	.	X
iiclr-17574	131	1	mack	mack	PROPN
iiclr-17574	131	2	,	,	PUNCT
iiclr-17574	131	3	supra	supra	PROPN
iiclr-17574	131	4	note	note	PROPN
iiclr-17574	131	5	18	18	NUM
iiclr-17574	131	6	,	,	PUNCT
iiclr-17574	131	7	at	at	ADP
iiclr-17574	131	8	1003	1003	NUM
iiclr-17574	131	9	.	.	PUNCT
iiclr-17574	132	1	30	30	NUM
iiclr-17574	132	2	.	.	PUNCT
iiclr-17574	133	1	i	i	PRON
iiclr-17574	133	2	d.	d.	PROPN
iiclr-17574	133	3	31	31	NUM
iiclr-17574	133	4	.	.	PUNCT
iiclr-17574	134	1	see	see	VERB
iiclr-17574	134	2	supra	supra	PROPN
iiclr-17574	134	3	note	note	PROPN
iiclr-17574	134	4	27	27	NUM
iiclr-17574	134	5	and	and	CCONJ
iiclr-17574	134	6	accompanying	accompany	VERB
iiclr-17574	134	7	text	text	NOUN
iiclr-17574	134	8	.	.	PUNCT
iiclr-17574	135	1	32	32	NUM
iiclr-17574	135	2	.	.	X
iiclr-17574	136	1	mack	mack	PROPN
iiclr-17574	136	2	,	,	PUNCT
iiclr-17574	136	3	supra	supra	PROPN
iiclr-17574	136	4	note	note	PROPN
iiclr-17574	136	5	18	18	NUM
iiclr-17574	136	6	,	,	PUNCT
iiclr-17574	136	7	at	at	ADP
iiclr-17574	136	8	1003	1003	NUM
iiclr-17574	136	9	.	.	PUNCT
iiclr-17574	137	1	1995	1995	NUM
iiclr-17574	137	2	]	]	X
iiclr-17574	137	3	ind	ind	NOUN
iiclr-17574	137	4	.	.	PUNCT
iiclr-17574	138	1	int'l	int'l	PROPN
iiclr-17574	138	2	&	&	CCONJ
iiclr-17574	138	3	comp	comp	PROPN
iiclr-17574	138	4	.	.	PUNCT
iiclr-17574	139	1	l.	l.	PROPN
iiclr-17574	139	2	rev	rev	PROPN
iiclr-17574	139	3	.	.	PUNCT
iiclr-17574	139	4	advisers	advisers	PROPN
iiclr-17574	139	5	,	,	PUNCT
iiclr-17574	139	6	sec	sec	PROPN
iiclr-17574	139	7	examiners	examiner	NOUN
iiclr-17574	139	8	may	may	AUX
iiclr-17574	139	9	not	not	PART
iiclr-17574	139	10	have	have	VERB
iiclr-17574	139	11	access	access	NOUN
iiclr-17574	139	12	to	to	ADP
iiclr-17574	139	13	all	all	DET
iiclr-17574	139	14	the	the	DET
iiclr-17574	139	15	books	book	NOUN
iiclr-17574	139	16	and	and	CCONJ
iiclr-17574	139	17	records	record	NOUN
iiclr-17574	139	18	normally	normally	ADV
iiclr-17574	139	19	available	available	ADJ
iiclr-17574	139	20	when	when	SCONJ
iiclr-17574	139	21	an	an	DET
iiclr-17574	139	22	adviser	adviser	NOUN
iiclr-17574	139	23	is	be	AUX
iiclr-17574	139	24	registered	register	VERB
iiclr-17574	139	25	.	.	PUNCT
iiclr-17574	139	26	"	"	PUNCT
iiclr-17574	140	1	1il	1il	ADJ
iiclr-17574	140	2	.	.	PUNCT
iiclr-17574	141	1	the	the	DET
iiclr-17574	141	2	traditional	traditional	ADJ
iiclr-17574	141	3	law	law	NOUN
iiclr-17574	141	4	governing	govern	VERB
iiclr-17574	141	5	bank	bank	NOUN
iiclr-17574	141	6	sale	sale	NOUN
iiclr-17574	141	7	of	of	ADP
iiclr-17574	141	8	mutual	mutual	ADJ
iiclr-17574	141	9	funds	fund	NOUN
iiclr-17574	141	10	since	since	SCONJ
iiclr-17574	141	11	a	a	DET
iiclr-17574	141	12	mutual	mutual	ADJ
iiclr-17574	141	13	fund	fund	NOUN
iiclr-17574	141	14	share	share	NOUN
iiclr-17574	141	15	represents	represent	VERB
iiclr-17574	141	16	stock	stock	NOUN
iiclr-17574	141	17	,	,	PUNCT
iiclr-17574	141	18	and	and	CCONJ
iiclr-17574	141	19	stock	stock	NOUN
iiclr-17574	141	20	is	be	AUX
iiclr-17574	141	21	a	a	DET
iiclr-17574	141	22	security	security	NOUN
iiclr-17574	141	23	,	,	PUNCT
iiclr-17574	141	24	mutual	mutual	ADJ
iiclr-17574	141	25	funds	fund	NOUN
iiclr-17574	141	26	are	be	AUX
iiclr-17574	141	27	subject	subject	ADJ
iiclr-17574	141	28	to	to	ADP
iiclr-17574	141	29	considerable	considerable	ADJ
iiclr-17574	141	30	regulation	regulation	NOUN
iiclr-17574	141	31	by	by	ADP
iiclr-17574	141	32	the	the	DET
iiclr-17574	141	33	sec	sec	PROPN
iiclr-17574	141	34	.	.	PUNCT
iiclr-17574	142	1	the	the	DET
iiclr-17574	142	2	glass	glass	NOUN
iiclr-17574	142	3	-	-	PUNCT
iiclr-17574	142	4	steagall	steagall	PROPN
iiclr-17574	142	5	act	act	NOUN
iiclr-17574	142	6	(	(	PUNCT
iiclr-17574	142	7	gsa),34	gsa),34	PROPN
iiclr-17574	142	8	the	the	DET
iiclr-17574	142	9	oft	oft	ADV
iiclr-17574	142	10	-	-	PUNCT
iiclr-17574	142	11	cited	cite	VERB
iiclr-17574	142	12	name	name	NOUN
iiclr-17574	142	13	for	for	ADP
iiclr-17574	142	14	four	four	NUM
iiclr-17574	142	15	provisions	provision	NOUN
iiclr-17574	142	16	of	of	ADP
iiclr-17574	142	17	the	the	DET
iiclr-17574	142	18	banking	banking	NOUN
iiclr-17574	142	19	act	act	NOUN
iiclr-17574	142	20	of	of	ADP
iiclr-17574	142	21	1933	1933	NUM
iiclr-17574	142	22	,	,	PUNCT
iiclr-17574	142	23	"	"	PUNCT
iiclr-17574	142	24	5	5	NUM
iiclr-17574	142	25	is	be	AUX
iiclr-17574	142	26	the	the	DET
iiclr-17574	142	27	federal	federal	ADJ
iiclr-17574	142	28	banking	banking	NOUN
iiclr-17574	142	29	law	law	NOUN
iiclr-17574	142	30	which	which	PRON
iiclr-17574	142	31	severely	severely	ADV
iiclr-17574	142	32	restricts	restrict	VERB
iiclr-17574	142	33	the	the	DET
iiclr-17574	142	34	securities	security	NOUN
iiclr-17574	142	35	activities	activity	NOUN
iiclr-17574	142	36	of	of	ADP
iiclr-17574	142	37	commercial	commercial	ADJ
iiclr-17574	142	38	banks	bank	NOUN
iiclr-17574	142	39	.	.	PUNCT
iiclr-17574	143	1	where	where	SCONJ
iiclr-17574	143	2	mutual	mutual	ADJ
iiclr-17574	143	3	funds	fund	NOUN
iiclr-17574	143	4	have	have	AUX
iiclr-17574	143	5	been	be	AUX
iiclr-17574	143	6	effectively	effectively	ADV
iiclr-17574	143	7	defined	define	VERB
iiclr-17574	143	8	as	as	ADP
iiclr-17574	143	9	securities	security	NOUN
iiclr-17574	143	10	,	,	PUNCT
iiclr-17574	143	11	this	this	DET
iiclr-17574	143	12	act	act	NOUN
iiclr-17574	143	13	dictates	dictate	VERB
iiclr-17574	143	14	what	what	PRON
iiclr-17574	143	15	commercial	commercial	ADJ
iiclr-17574	143	16	banks	bank	NOUN
iiclr-17574	143	17	can	can	AUX
iiclr-17574	143	18	do	do	VERB
iiclr-17574	143	19	with	with	ADP
iiclr-17574	143	20	respect	respect	NOUN
iiclr-17574	143	21	to	to	ADP
iiclr-17574	143	22	mutual	mutual	ADJ
iiclr-17574	143	23	funds	fund	NOUN
iiclr-17574	143	24	.	.	PUNCT
iiclr-17574	144	1	before	before	ADP
iiclr-17574	144	2	enactment	enactment	NOUN
iiclr-17574	144	3	of	of	ADP
iiclr-17574	144	4	gsa	gsa	PROPN
iiclr-17574	144	5	,	,	PUNCT
iiclr-17574	144	6	commercial	commercial	ADJ
iiclr-17574	144	7	banks	bank	NOUN
iiclr-17574	144	8	were	be	AUX
iiclr-17574	144	9	significant	significant	ADJ
iiclr-17574	144	10	participants	participant	NOUN
iiclr-17574	144	11	in	in	ADP
iiclr-17574	144	12	the	the	DET
iiclr-17574	144	13	nation	nation	NOUN
iiclr-17574	144	14	's	's	PART
iiclr-17574	144	15	capital	capital	NOUN
iiclr-17574	144	16	markets	market	NOUN
iiclr-17574	144	17	.	.	PUNCT
iiclr-17574	145	1	indeed	indeed	ADV
iiclr-17574	145	2	,	,	PUNCT
iiclr-17574	145	3	by	by	ADP
iiclr-17574	145	4	1930	1930	NUM
iiclr-17574	145	5	,	,	PUNCT
iiclr-17574	145	6	bank	bank	NOUN
iiclr-17574	145	7	affiliates	affiliate	NOUN
iiclr-17574	145	8	were	be	AUX
iiclr-17574	145	9	sponsoring	sponsor	VERB
iiclr-17574	145	10	over	over	ADP
iiclr-17574	145	11	fifty	fifty	NUM
iiclr-17574	145	12	percent	percent	NOUN
iiclr-17574	145	13	of	of	ADP
iiclr-17574	145	14	all	all	DET
iiclr-17574	145	15	new	new	ADJ
iiclr-17574	145	16	securities	security	NOUN
iiclr-17574	145	17	issues	issue	NOUN
iiclr-17574	145	18	,	,	PUNCT
iiclr-17574	145	19	and	and	CCONJ
iiclr-17574	145	20	forty	forty	NUM
iiclr-17574	145	21	-	-	PUNCT
iiclr-17574	145	22	one	one	NUM
iiclr-17574	145	23	percent	percent	NOUN
iiclr-17574	145	24	of	of	ADP
iiclr-17574	145	25	all	all	DET
iiclr-17574	145	26	commercial	commercial	ADJ
iiclr-17574	145	27	bank	bank	PROPN
iiclr-17574	145	28	assetswere	assetswere	ADV
iiclr-17574	145	29	invested	invest	VERB
iiclr-17574	145	30	in	in	ADP
iiclr-17574	145	31	securities	security	NOUN
iiclr-17574	145	32	or	or	CCONJ
iiclr-17574	145	33	securities	security	NOUN
iiclr-17574	145	34	-	-	PUNCT
iiclr-17574	145	35	related	relate	VERB
iiclr-17574	145	36	loans	loan	NOUN
iiclr-17574	145	37	.	.	PUNCT
iiclr-17574	146	1	36	36	NUM
iiclr-17574	146	2	the	the	DET
iiclr-17574	146	3	gsa	gsa	PROPN
iiclr-17574	146	4	was	be	AUX
iiclr-17574	146	5	enacted	enact	VERB
iiclr-17574	146	6	to	to	PART
iiclr-17574	146	7	prevent	prevent	VERB
iiclr-17574	146	8	commercial	commercial	ADJ
iiclr-17574	146	9	banks	bank	NOUN
iiclr-17574	146	10	from	from	ADP
iiclr-17574	146	11	engaging	engage	VERB
iiclr-17574	146	12	in	in	ADP
iiclr-17574	146	13	the	the	DET
iiclr-17574	146	14	securities	security	NOUN
iiclr-17574	146	15	business	business	NOUN
iiclr-17574	146	16	,	,	PUNCT
iiclr-17574	146	17	a	a	DET
iiclr-17574	146	18	business	business	NOUN
iiclr-17574	146	19	practice	practice	NOUN
iiclr-17574	146	20	which	which	PRON
iiclr-17574	146	21	ultimately	ultimately	ADV
iiclr-17574	146	22	led	lead	VERB
iiclr-17574	146	23	to	to	ADP
iiclr-17574	146	24	fiduciary	fiduciary	ADJ
iiclr-17574	146	25	abuses.37	abuses.37	NOUN
iiclr-17574	146	26	by	by	ADP
iiclr-17574	146	27	1933	1933	NUM
iiclr-17574	146	28	,	,	PUNCT
iiclr-17574	146	29	these	these	DET
iiclr-17574	146	30	abuses	abuse	NOUN
iiclr-17574	146	31	had	have	AUX
iiclr-17574	146	32	helped	help	VERB
iiclr-17574	146	33	lower	lower	VERB
iiclr-17574	146	34	the	the	DET
iiclr-17574	146	35	u.s	u.s	PROPN
iiclr-17574	146	36	.	.	PROPN
iiclr-17574	146	37	economy	economy	NOUN
iiclr-17574	146	38	to	to	ADP
iiclr-17574	146	39	unparalleled	unparalleled	ADJ
iiclr-17574	146	40	depths	depth	NOUN
iiclr-17574	146	41	following	follow	VERB
iiclr-17574	146	42	the	the	DET
iiclr-17574	146	43	1929	1929	NUM
iiclr-17574	146	44	stock	stock	NOUN
iiclr-17574	146	45	market	market	NOUN
iiclr-17574	146	46	crash	crash	NOUN
iiclr-17574	146	47	.	.	PUNCT
iiclr-17574	147	1	at	at	ADP
iiclr-17574	147	2	the	the	DET
iiclr-17574	147	3	height	height	NOUN
iiclr-17574	147	4	of	of	ADP
iiclr-17574	147	5	the	the	DET
iiclr-17574	147	6	depression	depression	NOUN
iiclr-17574	147	7	,	,	PUNCT
iiclr-17574	147	8	forty	forty	NUM
iiclr-17574	147	9	percent	percent	NOUN
iiclr-17574	147	10	of	of	ADP
iiclr-17574	147	11	the	the	DET
iiclr-17574	147	12	nation	nation	NOUN
iiclr-17574	147	13	's	's	PART
iiclr-17574	147	14	banks	bank	NOUN
iiclr-17574	147	15	had	have	AUX
iiclr-17574	147	16	failed	fail	VERB
iiclr-17574	147	17	or	or	CCONJ
iiclr-17574	147	18	were	be	AUX
iiclr-17574	147	19	merged	merge	VERB
iiclr-17574	147	20	.	.	PUNCT
iiclr-17574	148	1	president	president	PROPN
iiclr-17574	148	2	roosevelt	roosevelt	PROPN
iiclr-17574	148	3	ordered	order	VERB
iiclr-17574	148	4	the	the	DET
iiclr-17574	148	5	temporary	temporary	ADJ
iiclr-17574	148	6	close	close	NOUN
iiclr-17574	148	7	of	of	ADP
iiclr-17574	148	8	banks	bank	NOUN
iiclr-17574	148	9	to	to	PART
iiclr-17574	148	10	silence	silence	VERB
iiclr-17574	148	11	the	the	DET
iiclr-17574	148	12	panic	panic	NOUN
iiclr-17574	148	13	.	.	PUNCT
iiclr-17574	149	1	3	3	NUM
iiclr-17574	149	2	congress	congress	PROPN
iiclr-17574	149	3	determined	determine	VERB
iiclr-17574	149	4	that	that	SCONJ
iiclr-17574	149	5	commercial	commercial	ADJ
iiclr-17574	149	6	bank	bank	NOUN
iiclr-17574	149	7	securities	security	NOUN
iiclr-17574	149	8	dealing	deal	VERB
iiclr-17574	149	9	and	and	CCONJ
iiclr-17574	149	10	underwriting	underwriting	NOUN
iiclr-17574	149	11	fueled	fuel	VERB
iiclr-17574	149	12	the	the	DET
iiclr-17574	149	13	rampant	rampant	ADJ
iiclr-17574	149	14	stock	stock	NOUN
iiclr-17574	149	15	speculation	speculation	NOUN
iiclr-17574	149	16	preceding	precede	VERB
iiclr-17574	149	17	the	the	DET
iiclr-17574	149	18	1929	1929	NUM
iiclr-17574	149	19	stock	stock	NOUN
iiclr-17574	149	20	market	market	NOUN
iiclr-17574	149	21	crash	crash	NOUN
iiclr-17574	149	22	,	,	PUNCT
iiclr-17574	149	23	ultimately	ultimately	ADV
iiclr-17574	149	24	leading	lead	VERB
iiclr-17574	149	25	to	to	ADP
iiclr-17574	149	26	commercial	commercial	ADJ
iiclr-17574	149	27	bank	bank	NOUN
iiclr-17574	149	28	failures.39	failures.39	VERB
iiclr-17574	149	29	as	as	ADP
iiclr-17574	149	30	a	a	DET
iiclr-17574	149	31	result	result	NOUN
iiclr-17574	149	32	of	of	ADP
iiclr-17574	149	33	the	the	DET
iiclr-17574	149	34	new	new	ADJ
iiclr-17574	149	35	33	33	NUM
iiclr-17574	149	36	.	.	NOUN
iiclr-17574	149	37	15	15	NUM
iiclr-17574	149	38	u.s.c	u.s.c	NOUN
iiclr-17574	149	39	.	.	PUNCT
iiclr-17574	150	1	§	§	PROPN
iiclr-17574	150	2	80b-4	80b-4	NOUN
iiclr-17574	150	3	.	.	PUNCT
iiclr-17574	151	1	34	34	NUM
iiclr-17574	151	2	.	.	PUNCT
iiclr-17574	151	3	banking	banking	NOUN
iiclr-17574	151	4	act	act	NOUN
iiclr-17574	151	5	of	of	ADP
iiclr-17574	151	6	1933	1933	NUM
iiclr-17574	151	7	,	,	PUNCT
iiclr-17574	151	8	48	48	NUM
iiclr-17574	151	9	stat	stat	NOUN
iiclr-17574	151	10	.	.	PUNCT
iiclr-17574	152	1	162	162	NUM
iiclr-17574	152	2	(	(	PUNCT
iiclr-17574	152	3	codified	codify	VERB
iiclr-17574	152	4	as	as	SCONJ
iiclr-17574	152	5	amended	amend	VERB
iiclr-17574	152	6	in	in	ADP
iiclr-17574	152	7	scattered	scatter	VERB
iiclr-17574	152	8	sections	section	NOUN
iiclr-17574	152	9	of	of	ADP
iiclr-17574	152	10	12	12	NUM
iiclr-17574	152	11	u.s.c.a	u.s.c.a	PROPN
iiclr-17574	152	12	.	.	PROPN
iiclr-17574	152	13	)	)	PUNCT
iiclr-17574	153	1	35	35	NUM
iiclr-17574	153	2	.	.	PUNCT
iiclr-17574	154	1	i	i	PRON
iiclr-17574	154	2	d	d	PROPN
iiclr-17574	154	3	36	36	NUM
iiclr-17574	154	4	.	.	PUNCT
iiclr-17574	155	1	see	see	VERB
iiclr-17574	155	2	susan	susan	PROPN
iiclr-17574	155	3	e.	e.	PROPN
iiclr-17574	155	4	kennedy	kennedy	PROPN
iiclr-17574	155	5	,	,	PUNCT
iiclr-17574	155	6	the	the	DET
iiclr-17574	155	7	banking	banking	NOUN
iiclr-17574	155	8	crisis	crisis	NOUN
iiclr-17574	155	9	of	of	ADP
iiclr-17574	155	10	1933	1933	NUM
iiclr-17574	155	11	,	,	PUNCT
iiclr-17574	155	12	212	212	NUM
iiclr-17574	155	13	(	(	PUNCT
iiclr-17574	155	14	1973	1973	NUM
iiclr-17574	155	15	)	)	PUNCT
iiclr-17574	155	16	;	;	PUNCT
iiclr-17574	155	17	donald	donald	PROPN
iiclr-17574	155	18	c.	c.	PROPN
iiclr-17574	155	19	langevoort	langevoort	PROPN
iiclr-17574	155	20	,	,	PUNCT
iiclr-17574	155	21	statutory	statutory	ADJ
iiclr-17574	155	22	obsolescence	obsolescence	NOUN
iiclr-17574	155	23	and	and	CCONJ
iiclr-17574	155	24	the	the	DET
iiclr-17574	155	25	judicialprocess	judicialprocess	NOUN
iiclr-17574	155	26	:	:	PUNCT
iiclr-17574	155	27	the	the	DET
iiclr-17574	155	28	revisionist	revisionist	ADJ
iiclr-17574	155	29	role	role	NOUN
iiclr-17574	155	30	of	of	ADP
iiclr-17574	155	31	courts	court	NOUN
iiclr-17574	155	32	in	in	ADP
iiclr-17574	155	33	federal	federal	ADJ
iiclr-17574	155	34	banking	banking	NOUN
iiclr-17574	155	35	regulation	regulation	NOUN
iiclr-17574	155	36	,	,	PUNCT
iiclr-17574	155	37	85	85	NUM
iiclr-17574	155	38	mich	mich	X
iiclr-17574	155	39	.	.	PUNCT
iiclr-17574	156	1	l.	l.	PROPN
iiclr-17574	156	2	rev	rev	PROPN
iiclr-17574	156	3	.	.	PROPN
iiclr-17574	156	4	672	672	NUM
iiclr-17574	156	5	,	,	PUNCT
iiclr-17574	156	6	694	694	NUM
iiclr-17574	156	7	(	(	PUNCT
iiclr-17574	156	8	1987	1987	NUM
iiclr-17574	156	9	)	)	PUNCT
iiclr-17574	156	10	.	.	PUNCT
iiclr-17574	157	1	37	37	NUM
iiclr-17574	157	2	.	.	PUNCT
iiclr-17574	158	1	abuses	abuse	NOUN
iiclr-17574	158	2	involving	involve	VERB
iiclr-17574	158	3	large	large	ADJ
iiclr-17574	158	4	commercial	commercial	ADJ
iiclr-17574	158	5	banks	bank	NOUN
iiclr-17574	158	6	and	and	CCONJ
iiclr-17574	158	7	their	their	PRON
iiclr-17574	158	8	securities	security	NOUN
iiclr-17574	158	9	affiliates	affiliate	NOUN
iiclr-17574	158	10	included	include	VERB
iiclr-17574	158	11	banks	bank	NOUN
iiclr-17574	158	12	making	make	VERB
iiclr-17574	158	13	loans	loan	NOUN
iiclr-17574	158	14	to	to	ADP
iiclr-17574	158	15	securities	security	NOUN
iiclr-17574	158	16	purchasers	purchaser	NOUN
iiclr-17574	158	17	to	to	PART
iiclr-17574	158	18	support	support	VERB
iiclr-17574	158	19	artificially	artificially	ADV
iiclr-17574	158	20	elevated	elevate	VERB
iiclr-17574	158	21	securities	security	NOUN
iiclr-17574	158	22	prices	price	NOUN
iiclr-17574	158	23	and	and	CCONJ
iiclr-17574	158	24	dumping	dumping	NOUN
iiclr-17574	158	25	of	of	ADP
iiclr-17574	158	26	non	non	ADJ
iiclr-17574	158	27	-	-	ADJ
iiclr-17574	158	28	performing	performing	ADJ
iiclr-17574	158	29	stocks	stock	NOUN
iiclr-17574	158	30	in	in	ADP
iiclr-17574	158	31	trust	trust	NOUN
iiclr-17574	158	32	accounts	account	NOUN
iiclr-17574	158	33	managed	manage	VERB
iiclr-17574	158	34	by	by	ADP
iiclr-17574	158	35	the	the	DET
iiclr-17574	158	36	bank	bank	NOUN
iiclr-17574	158	37	.	.	PUNCT
iiclr-17574	159	1	stock	stock	NOUN
iiclr-17574	159	2	exchange	exchange	NOUN
iiclr-17574	159	3	practices	practice	NOUN
iiclr-17574	159	4	:	:	PUNCT
iiclr-17574	159	5	report	report	NOUN
iiclr-17574	159	6	of	of	ADP
iiclr-17574	159	7	the	the	DET
iiclr-17574	159	8	comm	comm	NOUN
iiclr-17574	159	9	.	.	PUNCT
iiclr-17574	160	1	on	on	ADP
iiclr-17574	160	2	banking	banking	NOUN
iiclr-17574	160	3	and	and	CCONJ
iiclr-17574	160	4	currency	currency	NOUN
iiclr-17574	160	5	pursuant	pursuant	ADJ
iiclr-17574	160	6	to	to	ADP
iiclr-17574	160	7	s.	s.	PROPN
iiclr-17574	160	8	res	res	PROPN
iiclr-17574	160	9	.	.	PROPN
iiclr-17574	160	10	84	84	NUM
iiclr-17574	160	11	,	,	PUNCT
iiclr-17574	160	12	72d	72d	NOUN
iiclr-17574	160	13	cong	cong	PROPN
iiclr-17574	160	14	.	.	PUNCT
iiclr-17574	160	15	,	,	PUNCT
iiclr-17574	160	16	and	and	CCONJ
iiclr-17574	160	17	s.	s.	PROPN
iiclr-17574	160	18	res	res	PROPN
iiclr-17574	160	19	.	.	PROPN
iiclr-17574	161	1	56	56	NUM
iiclr-17574	161	2	and	and	CCONJ
iiclr-17574	161	3	s.	s.	PROPN
iiclr-17574	161	4	res	res	PROPN
iiclr-17574	161	5	.	.	PROPN
iiclr-17574	162	1	97	97	NUM
iiclr-17574	162	2	,	,	PUNCT
iiclr-17574	162	3	73d	73d	NOUN
iiclr-17574	162	4	cong	cong	VERB
iiclr-17574	162	5	.	.	PROPN
iiclr-17574	162	6	,	,	PUNCT
iiclr-17574	162	7	s.	s.	PROPN
iiclr-17574	162	8	rep	rep	PROPN
iiclr-17574	162	9	.	.	PROPN
iiclr-17574	163	1	no	no	PROPN
iiclr-17574	163	2	.	.	NOUN
iiclr-17574	163	3	1455	1455	NUM
iiclr-17574	163	4	,	,	PUNCT
iiclr-17574	163	5	73d	73d	NOUN
iiclr-17574	163	6	cong	cong	VERB
iiclr-17574	163	7	.	.	PROPN
iiclr-17574	163	8	,	,	PUNCT
iiclr-17574	163	9	2d	2d	NUM
iiclr-17574	163	10	sess	sess	NOUN
iiclr-17574	163	11	.	.	PUNCT
iiclr-17574	164	1	(	(	PUNCT
iiclr-17574	164	2	1933	1933	NUM
iiclr-17574	164	3	)	)	PUNCT
iiclr-17574	164	4	.	.	PUNCT
iiclr-17574	165	1	38	38	NUM
iiclr-17574	165	2	.	.	PUNCT
iiclr-17574	166	1	don	don	PROPN
iiclr-17574	166	2	more	more	ADV
iiclr-17574	166	3	,	,	PUNCT
iiclr-17574	166	4	the	the	DET
iiclr-17574	166	5	virtues	virtue	NOUN
iiclr-17574	166	6	of	of	ADP
iiclr-17574	166	7	glass	glass	NOUN
iiclr-17574	166	8	-	-	PUNCT
iiclr-17574	166	9	steagall	steagall	NOUN
iiclr-17574	166	10	:	:	PUNCT
iiclr-17574	166	11	an	an	DET
iiclr-17574	166	12	argument	argument	NOUN
iiclr-17574	166	13	against	against	ADP
iiclr-17574	166	14	legislativerepeal	legislativerepeal	NOUN
iiclr-17574	166	15	,	,	PUNCT
iiclr-17574	166	16	1991	1991	NUM
iiclr-17574	166	17	colum	colum	NOUN
iiclr-17574	166	18	.	.	PUNCT
iiclr-17574	167	1	bus	bus	NOUN
iiclr-17574	167	2	.	.	PUNCT
iiclr-17574	168	1	l.	l.	PROPN
iiclr-17574	168	2	rev	rev	PROPN
iiclr-17574	168	3	.	.	PROPN
iiclr-17574	168	4	433	433	NUM
iiclr-17574	168	5	,	,	PUNCT
iiclr-17574	168	6	436	436	NUM
iiclr-17574	168	7	n.12	n.12	NOUN
iiclr-17574	168	8	(	(	PUNCT
iiclr-17574	168	9	1991	1991	NUM
iiclr-17574	168	10	)	)	PUNCT
iiclr-17574	168	11	.	.	PUNCT
iiclr-17574	169	1	39	39	NUM
iiclr-17574	169	2	.	.	PUNCT
iiclr-17574	170	1	i	i	PRON
iiclr-17574	170	2	d.	d.	PROPN
iiclr-17574	170	3	at	at	ADP
iiclr-17574	170	4	437	437	NUM
iiclr-17574	170	5	n.	n.	NOUN
iiclr-17574	170	6	16	16	NUM
iiclr-17574	170	7	.	.	PUNCT
iiclr-17574	171	1	but	but	CCONJ
iiclr-17574	171	2	cf	cf	PROPN
iiclr-17574	171	3	william	william	PROPN
iiclr-17574	171	4	m.	m.	PROPN
iiclr-17574	171	5	isaac	isaac	PROPN
iiclr-17574	171	6	&	&	CCONJ
iiclr-17574	171	7	melanie	melanie	PROPN
iiclr-17574	171	8	l.	l.	PROPN
iiclr-17574	171	9	fein	fein	PROPN
iiclr-17574	171	10	,	,	PUNCT
iiclr-17574	171	11	facing	face	VERB
iiclr-17574	171	12	the	the	DET
iiclr-17574	171	13	future	future	ADJ
iiclr-17574	171	14	-	-	PUNCT
iiclr-17574	171	15	life	life	NOUN
iiclr-17574	171	16	without	without	ADP
iiclr-17574	171	17	glass	glass	NOUN
iiclr-17574	171	18	-	-	PUNCT
iiclr-17574	171	19	steagall,37	steagall,37	NOUN
iiclr-17574	171	20	cathl	cathl	ADJ
iiclr-17574	171	21	.	.	PUNCT
iiclr-17574	172	1	u.	u.	PROPN
iiclr-17574	172	2	l.	l.	PROPN
iiclr-17574	172	3	rev	rev	PROPN
iiclr-17574	172	4	.	.	PROPN
iiclr-17574	172	5	281	281	NUM
iiclr-17574	172	6	(	(	PUNCT
iiclr-17574	172	7	1981	1981	NUM
iiclr-17574	172	8	)	)	PUNCT
iiclr-17574	172	9	(	(	PUNCT
iiclr-17574	172	10	no	no	DET
iiclr-17574	172	11	link	link	NOUN
iiclr-17574	172	12	was	be	AUX
iiclr-17574	172	13	ever	ever	ADV
iiclr-17574	172	14	shown	show	VERB
iiclr-17574	172	15	between	between	ADP
iiclr-17574	172	16	securities	security	NOUN
iiclr-17574	172	17	activities	activity	NOUN
iiclr-17574	172	18	and	and	CCONJ
iiclr-17574	172	19	collapse	collapse	VERB
iiclr-17574	172	20	ofbanking	ofbanke	VERB
iiclr-17574	172	21	system	system	NOUN
iiclr-17574	172	22	;	;	PUNCT
iiclr-17574	172	23	act	act	NOUN
iiclr-17574	172	24	responded	respond	VERB
iiclr-17574	172	25	to	to	ADP
iiclr-17574	172	26	public	public	ADJ
iiclr-17574	172	27	outcry	outcry	NOUN
iiclr-17574	172	28	rather	rather	ADV
iiclr-17574	172	29	than	than	ADP
iiclr-17574	172	30	hard	hard	ADJ
iiclr-17574	172	31	evidence	evidence	NOUN
iiclr-17574	172	32	)	)	PUNCT
iiclr-17574	172	33	,	,	PUNCT
iiclr-17574	173	1	[	[	X
iiclr-17574	173	2	vol	vol	NOUN
iiclr-17574	173	3	.	.	PUNCT
iiclr-17574	173	4	5:2	5:2	NUM
iiclr-17574	173	5	mutual	mutual	ADJ
iiclr-17574	173	6	fund	fund	NOUN
iiclr-17574	173	7	emergence	emergence	NOUN
iiclr-17574	173	8	legislation	legislation	NOUN
iiclr-17574	173	9	,	,	PUNCT
iiclr-17574	173	10	commercial	commercial	ADJ
iiclr-17574	173	11	banks	bank	NOUN
iiclr-17574	173	12	would	would	AUX
iiclr-17574	173	13	no	no	ADV
iiclr-17574	173	14	longer	long	ADV
iiclr-17574	173	15	be	be	AUX
iiclr-17574	173	16	involved	involve	VERB
iiclr-17574	173	17	with	with	ADP
iiclr-17574	173	18	securities	security	NOUN
iiclr-17574	173	19	underwriting	underwriting	NOUN
iiclr-17574	173	20	and	and	CCONJ
iiclr-17574	173	21	dealing	dealing	NOUN
iiclr-17574	173	22	.	.	PUNCT
iiclr-17574	174	1	section	section	NOUN
iiclr-17574	174	2	16	16	NUM
iiclr-17574	174	3	of	of	ADP
iiclr-17574	174	4	the	the	DET
iiclr-17574	174	5	gsa	gsa	PROPN
iiclr-17574	174	6	prohibits	prohibit	VERB
iiclr-17574	174	7	national	national	ADJ
iiclr-17574	174	8	banks	bank	NOUN
iiclr-17574	174	9	from	from	ADP
iiclr-17574	174	10	underwriting	underwriting	NOUN
iiclr-17574	174	11	securities	security	NOUN
iiclr-17574	174	12	,	,	PUNCT
iiclr-17574	174	13	but	but	CCONJ
iiclr-17574	174	14	allows	allow	VERB
iiclr-17574	174	15	them	they	PRON
iiclr-17574	174	16	to	to	PART
iiclr-17574	174	17	purchase	purchase	VERB
iiclr-17574	174	18	or	or	CCONJ
iiclr-17574	174	19	sell	sell	VERB
iiclr-17574	174	20	securities	security	NOUN
iiclr-17574	174	21	"	"	PUNCT
iiclr-17574	174	22	without	without	ADP
iiclr-17574	174	23	recourse	recourse	NOUN
iiclr-17574	174	24	,	,	PUNCT
iiclr-17574	174	25	solely	solely	ADV
iiclr-17574	174	26	upon	upon	SCONJ
iiclr-17574	174	27	the	the	DET
iiclr-17574	174	28	order	order	NOUN
iiclr-17574	174	29	,	,	PUNCT
iiclr-17574	174	30	and	and	CCONJ
iiclr-17574	174	31	for	for	ADP
iiclr-17574	174	32	the	the	DET
iiclr-17574	174	33	account	account	NOUN
iiclr-17574	174	34	of	of	ADP
iiclr-17574	174	35	customers	customer	NOUN
iiclr-17574	174	36	.	.	PUNCT
iiclr-17574	175	1	,	,	PUNCT
iiclr-17574	175	2	40	40	NUM
iiclr-17574	175	3	section	section	NOUN
iiclr-17574	175	4	21	21	NUM
iiclr-17574	175	5	prohibits	prohibit	VERB
iiclr-17574	175	6	any	any	DET
iiclr-17574	175	7	firms	firm	NOUN
iiclr-17574	175	8	engaged	engage	VERB
iiclr-17574	175	9	in	in	ADP
iiclr-17574	175	10	the	the	DET
iiclr-17574	175	11	deposit	deposit	NOUN
iiclr-17574	175	12	-	-	PUNCT
iiclr-17574	175	13	taking	take	VERB
iiclr-17574	175	14	business	business	NOUN
iiclr-17574	175	15	,	,	PUNCT
iiclr-17574	175	16	including	include	VERB
iiclr-17574	175	17	banks	bank	NOUN
iiclr-17574	175	18	,	,	PUNCT
iiclr-17574	175	19	from	from	ADP
iiclr-17574	175	20	engaging	engage	VERB
iiclr-17574	175	21	"	"	PUNCT
iiclr-17574	175	22	in	in	ADP
iiclr-17574	175	23	the	the	DET
iiclr-17574	175	24	business	business	NOUN
iiclr-17574	175	25	of	of	ADP
iiclr-17574	175	26	issuing	issuing	NOUN
iiclr-17574	175	27	,	,	PUNCT
iiclr-17574	175	28	underwriting	underwriting	NOUN
iiclr-17574	175	29	,	,	PUNCT
iiclr-17574	175	30	selling	selling	NOUN
iiclr-17574	175	31	,	,	PUNCT
iiclr-17574	175	32	or	or	CCONJ
iiclr-17574	175	33	distributing	distribute	VERB
iiclr-17574	175	34	.	.	PUNCT
iiclr-17574	175	35	.	.	PUNCT
iiclr-17574	175	36	.	.	PUNCT
iiclr-17574	176	1	securities	security	NOUN
iiclr-17574	176	2	.	.	PUNCT
iiclr-17574	176	3	"	"	PUNCT
iiclr-17574	177	1	4	4	NUM
iiclr-17574	177	2	'	'	PART
iiclr-17574	177	3	section	section	NOUN
iiclr-17574	177	4	20	20	NUM
iiclr-17574	177	5	prohibits	prohibit	VERB
iiclr-17574	177	6	member	member	NOUN
iiclr-17574	177	7	banks	bank	NOUN
iiclr-17574	177	8	from	from	ADP
iiclr-17574	177	9	being	be	AUX
iiclr-17574	177	10	affiliated	affiliate	VERB
iiclr-17574	177	11	with	with	ADP
iiclr-17574	177	12	any	any	DET
iiclr-17574	177	13	firms	firm	NOUN
iiclr-17574	177	14	that	that	PRON
iiclr-17574	177	15	are	be	AUX
iiclr-17574	177	16	"	"	PUNCT
iiclr-17574	177	17	engaged	engage	VERB
iiclr-17574	177	18	principally	principally	ADV
iiclr-17574	177	19	in	in	ADP
iiclr-17574	177	20	the	the	DET
iiclr-17574	177	21	issue	issue	NOUN
iiclr-17574	177	22	,	,	PUNCT
iiclr-17574	177	23	flotation	flotation	NOUN
iiclr-17574	177	24	,	,	PUNCT
iiclr-17574	177	25	underwriting	underwriting	NOUN
iiclr-17574	177	26	,	,	PUNCT
iiclr-17574	177	27	public	public	ADJ
iiclr-17574	177	28	sale	sale	NOUN
iiclr-17574	177	29	,	,	PUNCT
iiclr-17574	177	30	or	or	CCONJ
iiclr-17574	177	31	distribution	distribution	NOUN
iiclr-17574	177	32	...	...	PUNCT
iiclr-17574	177	33	of	of	ADP
iiclr-17574	177	34	...	...	PUNCT
iiclr-17574	177	35	securities	security	NOUN
iiclr-17574	177	36	.	.	PUNCT
iiclr-17574	178	1	,	,	PUNCT
iiclr-17574	178	2	42	42	NUM
iiclr-17574	178	3	lastly	lastly	ADV
iiclr-17574	178	4	,	,	PUNCT
iiclr-17574	178	5	section	section	NOUN
iiclr-17574	178	6	32	32	NUM
iiclr-17574	178	7	prohibits	prohibit	VERB
iiclr-17574	178	8	certain	certain	ADJ
iiclr-17574	178	9	incestuous	incestuous	ADJ
iiclr-17574	178	10	management	management	NOUN
iiclr-17574	178	11	relations	relation	NOUN
iiclr-17574	178	12	between	between	ADP
iiclr-17574	178	13	member	member	NOUN
iiclr-17574	178	14	banks	bank	NOUN
iiclr-17574	178	15	and	and	CCONJ
iiclr-17574	178	16	firms	firm	NOUN
iiclr-17574	178	17	"	"	PUNCT
iiclr-17574	178	18	primarily	primarily	ADV
iiclr-17574	178	19	engaged	engage	VERB
iiclr-17574	178	20	in	in	ADP
iiclr-17574	178	21	the	the	DET
iiclr-17574	178	22	issue	issue	NOUN
iiclr-17574	178	23	,	,	PUNCT
iiclr-17574	178	24	flotation	flotation	NOUN
iiclr-17574	178	25	,	,	PUNCT
iiclr-17574	178	26	underwriting	underwriting	NOUN
iiclr-17574	178	27	,	,	PUNCT
iiclr-17574	178	28	public	public	ADJ
iiclr-17574	178	29	sale	sale	NOUN
iiclr-17574	178	30	,	,	PUNCT
iiclr-17574	178	31	or	or	CCONJ
iiclr-17574	178	32	distribution	distribution	NOUN
iiclr-17574	178	33	.	.	PUNCT
iiclr-17574	178	34	.	.	PUNCT
iiclr-17574	179	1	.	.	PUNCT
iiclr-17574	180	1	of	of	ADP
iiclr-17574	180	2	.	.	PUNCT
iiclr-17574	180	3	.	.	PUNCT
iiclr-17574	180	4	.	.	PUNCT
iiclr-17574	181	1	securities	security	NOUN
iiclr-17574	181	2	.	.	PUNCT
iiclr-17574	182	1	"43	"43	NOUN
iiclr-17574	183	1	this	this	DET
iiclr-17574	183	2	formidable	formidable	ADJ
iiclr-17574	183	3	legislation	legislation	NOUN
iiclr-17574	183	4	has	have	AUX
iiclr-17574	183	5	legally	legally	ADV
iiclr-17574	183	6	separated	separate	VERB
iiclr-17574	183	7	the	the	DET
iiclr-17574	183	8	investment	investment	NOUN
iiclr-17574	183	9	banking	banking	NOUN
iiclr-17574	183	10	and	and	CCONJ
iiclr-17574	183	11	commercial	commercial	ADJ
iiclr-17574	183	12	banking	banking	NOUN
iiclr-17574	183	13	segments	segment	NOUN
iiclr-17574	183	14	of	of	ADP
iiclr-17574	183	15	the	the	DET
iiclr-17574	183	16	financial	financial	ADJ
iiclr-17574	183	17	sector	sector	NOUN
iiclr-17574	183	18	.	.	PUNCT
iiclr-17574	184	1	as	as	SCONJ
iiclr-17574	184	2	applied	apply	VERB
iiclr-17574	184	3	to	to	ADP
iiclr-17574	184	4	commercial	commercial	ADJ
iiclr-17574	184	5	bank	bank	NOUN
iiclr-17574	184	6	sale	sale	NOUN
iiclr-17574	184	7	of	of	ADP
iiclr-17574	184	8	mutual	mutual	ADJ
iiclr-17574	184	9	funds	fund	NOUN
iiclr-17574	184	10	,	,	PUNCT
iiclr-17574	184	11	the	the	DET
iiclr-17574	184	12	gsa	gsa	PROPN
iiclr-17574	184	13	has	have	AUX
iiclr-17574	184	14	historically	historically	ADV
iiclr-17574	184	15	been	be	AUX
iiclr-17574	184	16	interpreted	interpret	VERB
iiclr-17574	184	17	to	to	PART
iiclr-17574	184	18	mean	mean	VERB
iiclr-17574	184	19	that	that	SCONJ
iiclr-17574	184	20	a	a	DET
iiclr-17574	184	21	national	national	ADJ
iiclr-17574	184	22	bank	bank	NOUN
iiclr-17574	184	23	may	may	AUX
iiclr-17574	184	24	not	not	PART
iiclr-17574	184	25	operate	operate	VERB
iiclr-17574	184	26	a	a	DET
iiclr-17574	184	27	stock	stock	NOUN
iiclr-17574	184	28	investment	investment	NOUN
iiclr-17574	184	29	fund	fund	NOUN
iiclr-17574	184	30	for	for	ADP
iiclr-17574	184	31	its	its	PRON
iiclr-17574	184	32	customers	customer	NOUN
iiclr-17574	184	33	.	.	PUNCT
iiclr-17574	184	34	"	"	PUNCT
iiclr-17574	185	1	although	although	SCONJ
iiclr-17574	185	2	no	no	DET
iiclr-17574	185	3	provision	provision	NOUN
iiclr-17574	185	4	of	of	ADP
iiclr-17574	185	5	the	the	DET
iiclr-17574	185	6	national	national	PROPN
iiclr-17574	185	7	banking	banking	PROPN
iiclr-17574	185	8	act	act	PROPN
iiclr-17574	185	9	expressly	expressly	ADV
iiclr-17574	185	10	prevents	prevent	VERB
iiclr-17574	185	11	the	the	DET
iiclr-17574	185	12	pooling	pooling	NOUN
iiclr-17574	185	13	of	of	ADP
iiclr-17574	185	14	trust	trust	NOUN
iiclr-17574	185	15	assets	asset	NOUN
iiclr-17574	185	16	,	,	PUNCT
iiclr-17574	185	17	management	management	NOUN
iiclr-17574	185	18	of	of	ADP
iiclr-17574	185	19	assets	asset	NOUN
iiclr-17574	185	20	,	,	PUNCT
iiclr-17574	185	21	or	or	CCONJ
iiclr-17574	185	22	purchase	purchase	NOUN
iiclr-17574	185	23	of	of	ADP
iiclr-17574	185	24	stock	stock	NOUN
iiclr-17574	185	25	by	by	ADP
iiclr-17574	185	26	a	a	DET
iiclr-17574	185	27	bank	bank	NOUN
iiclr-17574	185	28	for	for	ADP
iiclr-17574	185	29	its	its	PRON
iiclr-17574	185	30	customers	customer	NOUN
iiclr-17574	185	31	,	,	PUNCT
iiclr-17574	185	32	"	"	PUNCT
iiclr-17574	185	33	the	the	DET
iiclr-17574	185	34	union	union	NOUN
iiclr-17574	185	35	of	of	ADP
iiclr-17574	185	36	these	these	DET
iiclr-17574	185	37	powers	power	NOUN
iiclr-17574	185	38	gives	give	VERB
iiclr-17574	185	39	birth	birth	NOUN
iiclr-17574	185	40	to	to	ADP
iiclr-17574	185	41	an	an	DET
iiclr-17574	185	42	investment	investment	NOUN
iiclr-17574	185	43	fund	fund	NOUN
iiclr-17574	185	44	whose	whose	DET
iiclr-17574	185	45	activities	activity	NOUN
iiclr-17574	185	46	are	be	AUX
iiclr-17574	185	47	of	of	ADP
iiclr-17574	185	48	a	a	DET
iiclr-17574	185	49	different	different	ADJ
iiclr-17574	185	50	character	character	NOUN
iiclr-17574	185	51	.	.	PUNCT
iiclr-17574	186	1	'	'	PUNCT
iiclr-17574	186	2	4	4	NUM
iiclr-17574	186	3	'	'	PART
iiclr-17574	186	4	a	a	DET
iiclr-17574	186	5	collective	collective	ADJ
iiclr-17574	186	6	investment	investment	NOUN
iiclr-17574	186	7	fund	fund	NOUN
iiclr-17574	186	8	of	of	ADP
iiclr-17574	186	9	this	this	DET
iiclr-17574	186	10	type	type	NOUN
iiclr-17574	186	11	,	,	PUNCT
iiclr-17574	186	12	offered	offer	VERB
iiclr-17574	186	13	by	by	ADP
iiclr-17574	186	14	banks	bank	NOUN
iiclr-17574	186	15	,	,	PUNCT
iiclr-17574	186	16	would	would	AUX
iiclr-17574	186	17	be	be	AUX
iiclr-17574	186	18	similar	similar	ADJ
iiclr-17574	186	19	to	to	ADP
iiclr-17574	186	20	an	an	DET
iiclr-17574	186	21	open	open	ADJ
iiclr-17574	186	22	-	-	PUNCT
iiclr-17574	186	23	end	end	NOUN
iiclr-17574	186	24	mutual	mutual	ADJ
iiclr-17574	186	25	fund	fund	NOUN
iiclr-17574	186	26	and	and	CCONJ
iiclr-17574	186	27	would	would	AUX
iiclr-17574	186	28	be	be	AUX
iiclr-17574	186	29	in	in	ADP
iiclr-17574	186	30	direct	direct	ADJ
iiclr-17574	186	31	competition	competition	NOUN
iiclr-17574	186	32	with	with	ADP
iiclr-17574	186	33	the	the	DET
iiclr-17574	186	34	mutual	mutual	ADJ
iiclr-17574	186	35	fund	fund	NOUN
iiclr-17574	186	36	industry	industry	NOUN
iiclr-17574	186	37	.	.	PUNCT
iiclr-17574	187	1	as	as	ADP
iiclr-17574	187	2	such	such	ADJ
iiclr-17574	187	3	,	,	PUNCT
iiclr-17574	187	4	it	it	PRON
iiclr-17574	187	5	"	"	PUNCT
iiclr-17574	187	6	involves	involve	VERB
iiclr-17574	187	7	a	a	DET
iiclr-17574	187	8	bank	bank	NOUN
iiclr-17574	187	9	in	in	ADP
iiclr-17574	187	10	the	the	DET
iiclr-17574	187	11	underwriting	underwriting	NOUN
iiclr-17574	187	12	,	,	PUNCT
iiclr-17574	187	13	issuing	issuing	NOUN
iiclr-17574	187	14	,	,	PUNCT
iiclr-17574	187	15	selling	selling	NOUN
iiclr-17574	187	16	,	,	PUNCT
iiclr-17574	187	17	and	and	CCONJ
iiclr-17574	187	18	distribution	distribution	NOUN
iiclr-17574	187	19	of	of	ADP
iiclr-17574	187	20	securities	security	NOUN
iiclr-17574	187	21	in	in	ADP
iiclr-17574	187	22	violation	violation	NOUN
iiclr-17574	187	23	of	of	ADP
iiclr-17574	187	24	[	[	X
iiclr-17574	187	25	sections	section	NOUN
iiclr-17574	187	26	]	]	SYM
iiclr-17574	187	27	16	16	NUM
iiclr-17574	187	28	and	and	CCONJ
iiclr-17574	187	29	21	21	NUM
iiclr-17574	187	30	of	of	ADP
iiclr-17574	187	31	the	the	DET
iiclr-17574	187	32	gsa	gsa	PROPN
iiclr-17574	187	33	.	.	PROPN
iiclr-17574	187	34	,	,	PUNCT
iiclr-17574	187	35	46	46	NUM
iiclr-17574	187	36	iv	iv	NOUN
iiclr-17574	188	1	.	.	PUNCT
iiclr-17574	188	2	impact	impact	NOUN
iiclr-17574	188	3	of	of	ADP
iiclr-17574	188	4	the	the	DET
iiclr-17574	188	5	law	law	NOUN
iiclr-17574	188	6	on	on	ADP
iiclr-17574	188	7	the	the	DET
iiclr-17574	188	8	banking	banking	NOUN
iiclr-17574	188	9	industry	industry	NOUN
iiclr-17574	188	10	open	open	ADJ
iiclr-17574	188	11	-	-	PUNCT
iiclr-17574	188	12	end	end	NOUN
iiclr-17574	188	13	and	and	CCONJ
iiclr-17574	188	14	closed	closed	ADJ
iiclr-17574	188	15	-	-	PUNCT
iiclr-17574	188	16	end	end	NOUN
iiclr-17574	188	17	mutual	mutual	ADJ
iiclr-17574	188	18	funds	fund	NOUN
iiclr-17574	188	19	dominate	dominate	VERB
iiclr-17574	188	20	the	the	DET
iiclr-17574	188	21	modem	modem	ADJ
iiclr-17574	188	22	financial	financial	ADJ
iiclr-17574	188	23	products	product	NOUN
iiclr-17574	188	24	market	market	NOUN
iiclr-17574	188	25	.	.	PUNCT
iiclr-17574	189	1	instead	instead	ADV
iiclr-17574	189	2	of	of	ADP
iiclr-17574	189	3	taking	take	VERB
iiclr-17574	189	4	a	a	DET
iiclr-17574	189	5	risk	risk	NOUN
iiclr-17574	189	6	on	on	ADP
iiclr-17574	189	7	a	a	DET
iiclr-17574	189	8	"	"	PUNCT
iiclr-17574	189	9	pick	pick	NOUN
iiclr-17574	189	10	of	of	ADP
iiclr-17574	189	11	the	the	DET
iiclr-17574	189	12	week	week	NOUN
iiclr-17574	189	13	"	"	PUNCT
iiclr-17574	189	14	with	with	ADP
iiclr-17574	189	15	a	a	DET
iiclr-17574	189	16	stockbroker	stockbroker	NOUN
iiclr-17574	189	17	,	,	PUNCT
iiclr-17574	189	18	or	or	CCONJ
iiclr-17574	189	19	accepting	accept	VERB
iiclr-17574	189	20	a	a	DET
iiclr-17574	189	21	marginal	marginal	ADJ
iiclr-17574	189	22	return	return	NOUN
iiclr-17574	189	23	in	in	ADP
iiclr-17574	189	24	a	a	DET
iiclr-17574	189	25	bank	bank	NOUN
iiclr-17574	189	26	certificate	certificate	NOUN
iiclr-17574	189	27	of	of	ADP
iiclr-17574	189	28	deposit	deposit	NOUN
iiclr-17574	189	29	,	,	PUNCT
iiclr-17574	189	30	individual	individual	ADJ
iiclr-17574	189	31	and	and	CCONJ
iiclr-17574	189	32	institutional	institutional	ADJ
iiclr-17574	189	33	investors	investor	NOUN
iiclr-17574	189	34	are	be	AUX
iiclr-17574	189	35	electing	elect	VERB
iiclr-17574	189	36	to	to	PART
iiclr-17574	189	37	capitalize	capitalize	VERB
iiclr-17574	189	38	on	on	ADP
iiclr-17574	189	39	the	the	DET
iiclr-17574	189	40	collective	collective	ADJ
iiclr-17574	189	41	expertise	expertise	NOUN
iiclr-17574	189	42	of	of	ADP
iiclr-17574	189	43	40	40	NUM
iiclr-17574	189	44	.	.	PUNCT
iiclr-17574	190	1	12	12	NUM
iiclr-17574	190	2	u.s.c	u.s.c	ADJ
iiclr-17574	190	3	.	.	PUNCT
iiclr-17574	191	1	§	§	PROPN
iiclr-17574	191	2	24	24	NUM
iiclr-17574	191	3	(	(	PUNCT
iiclr-17574	191	4	1988	1988	NUM
iiclr-17574	191	5	&	&	CCONJ
iiclr-17574	191	6	supp	supp	PROPN
iiclr-17574	191	7	.	.	PUNCT
iiclr-17574	192	1	v	v	ADP
iiclr-17574	192	2	1993	1993	NUM
iiclr-17574	192	3	)	)	PUNCT
iiclr-17574	192	4	.	.	PUNCT
iiclr-17574	193	1	41	41	NUM
iiclr-17574	193	2	.	.	NOUN
iiclr-17574	193	3	12	12	NUM
iiclr-17574	193	4	u.s.c	u.s.c	NOUN
iiclr-17574	193	5	.	.	PUNCT
iiclr-17574	194	1	§	§	PROPN
iiclr-17574	194	2	378	378	NUM
iiclr-17574	194	3	.	.	PUNCT
iiclr-17574	195	1	42	42	NUM
iiclr-17574	195	2	.	.	PUNCT
iiclr-17574	196	1	12	12	NUM
iiclr-17574	196	2	u.s.c	u.s.c	ADJ
iiclr-17574	196	3	.	.	PUNCT
iiclr-17574	197	1	§	§	PROPN
iiclr-17574	197	2	377	377	NUM
iiclr-17574	197	3	(	(	PUNCT
iiclr-17574	197	4	1988	1988	NUM
iiclr-17574	197	5	&	&	CCONJ
iiclr-17574	197	6	supp	supp	PROPN
iiclr-17574	197	7	.	.	PUNCT
iiclr-17574	198	1	v	v	ADP
iiclr-17574	198	2	1993	1993	NUM
iiclr-17574	198	3	)	)	PUNCT
iiclr-17574	198	4	.	.	PUNCT
iiclr-17574	199	1	43	43	NUM
iiclr-17574	199	2	.	.	PUNCT
iiclr-17574	199	3	12	12	NUM
iiclr-17574	199	4	u.s.c	u.s.c	ADJ
iiclr-17574	199	5	.	.	PUNCT
iiclr-17574	200	1	§	§	PROPN
iiclr-17574	200	2	78	78	NUM
iiclr-17574	200	3	.	.	PUNCT
iiclr-17574	200	4	44	44	NUM
iiclr-17574	200	5	.	.	PUNCT
iiclr-17574	201	1	investment	investment	NOUN
iiclr-17574	201	2	company	company	PROPN
iiclr-17574	201	3	institute	institute	PROPN
iiclr-17574	201	4	v.	v.	PROPN
iiclr-17574	201	5	camp	camp	PROPN
iiclr-17574	201	6	,	,	PUNCT
iiclr-17574	201	7	401	401	NUM
iiclr-17574	201	8	u.s	u.s	PROPN
iiclr-17574	201	9	.	.	PROPN
iiclr-17574	201	10	617	617	NUM
iiclr-17574	201	11	(	(	PUNCT
iiclr-17574	201	12	1971	1971	NUM
iiclr-17574	201	13	)	)	PUNCT
iiclr-17574	201	14	.	.	PUNCT
iiclr-17574	202	1	45	45	NUM
iiclr-17574	202	2	.	.	PUNCT
iiclr-17574	203	1	i	i	PRON
iiclr-17574	203	2	d.	d.	PROPN
iiclr-17574	203	3	at	at	ADP
iiclr-17574	203	4	625	625	NUM
iiclr-17574	203	5	.	.	PUNCT
iiclr-17574	204	1	46	46	NUM
iiclr-17574	204	2	.	.	PUNCT
iiclr-17574	205	1	i	i	PRON
iiclr-17574	205	2	d.	d.	PROPN
iiclr-17574	205	3	at	at	ADP
iiclr-17574	205	4	617	617	NUM
iiclr-17574	205	5	.	.	PUNCT
iiclr-17574	205	6	1995	1995	NUM
iiclr-17574	205	7	]	]	X
iiclr-17574	206	1	ind	ind	NOUN
iiclr-17574	206	2	.	.	PUNCT
iiclr-17574	207	1	int'l	int'l	PROPN
iiclr-17574	207	2	&	&	CCONJ
iiclr-17574	207	3	comp	comp	PROPN
iiclr-17574	207	4	.	.	PUNCT
iiclr-17574	208	1	l.	l.	PROPN
iiclr-17574	208	2	rev	rev	PROPN
iiclr-17574	208	3	.	.	PROPN
iiclr-17574	208	4	professionally	professionally	ADV
iiclr-17574	208	5	trained	train	VERB
iiclr-17574	208	6	fund	fund	NOUN
iiclr-17574	208	7	managers	manager	NOUN
iiclr-17574	208	8	.	.	PUNCT
iiclr-17574	209	1	7	7	NUM
iiclr-17574	209	2	mutual	mutual	ADJ
iiclr-17574	209	3	funds	fund	NOUN
iiclr-17574	209	4	are	be	AUX
iiclr-17574	209	5	actively	actively	ADV
iiclr-17574	209	6	managed	manage	VERB
iiclr-17574	209	7	by	by	ADP
iiclr-17574	209	8	money	money	NOUN
iiclr-17574	209	9	managers	manager	NOUN
iiclr-17574	209	10	who	who	PRON
iiclr-17574	209	11	are	be	AUX
iiclr-17574	209	12	often	often	ADV
iiclr-17574	209	13	able	able	ADJ
iiclr-17574	209	14	to	to	PART
iiclr-17574	209	15	generate	generate	VERB
iiclr-17574	209	16	returns	return	NOUN
iiclr-17574	209	17	greater	great	ADJ
iiclr-17574	209	18	than	than	ADP
iiclr-17574	209	19	those	those	PRON
iiclr-17574	209	20	produced	produce	VERB
iiclr-17574	209	21	by	by	ADP
iiclr-17574	209	22	direct	direct	ADJ
iiclr-17574	209	23	instruments.4	instruments.4	PROPN
iiclr-17574	209	24	"	"	PUNCT
iiclr-17574	209	25	this	this	DET
iiclr-17574	209	26	process	process	NOUN
iiclr-17574	209	27	saves	save	VERB
iiclr-17574	209	28	investors	investor	NOUN
iiclr-17574	209	29	the	the	DET
iiclr-17574	209	30	trouble	trouble	NOUN
iiclr-17574	209	31	of	of	ADP
iiclr-17574	209	32	searching	search	VERB
iiclr-17574	209	33	for	for	ADP
iiclr-17574	209	34	individual	individual	ADJ
iiclr-17574	209	35	securities.49	securities.49	NOUN
iiclr-17574	209	36	because	because	SCONJ
iiclr-17574	209	37	of	of	ADP
iiclr-17574	209	38	their	their	PRON
iiclr-17574	209	39	liquidity	liquidity	NOUN
iiclr-17574	209	40	,	,	PUNCT
iiclr-17574	209	41	returns	return	NOUN
iiclr-17574	209	42	,	,	PUNCT
iiclr-17574	209	43	and	and	CCONJ
iiclr-17574	209	44	diversity	diversity	NOUN
iiclr-17574	209	45	,	,	PUNCT
iiclr-17574	209	46	mutual	mutual	ADJ
iiclr-17574	209	47	funds	fund	NOUN
iiclr-17574	209	48	offer	offer	VERB
iiclr-17574	209	49	savings	saving	NOUN
iiclr-17574	209	50	instruments	instrument	NOUN
iiclr-17574	209	51	that	that	PRON
iiclr-17574	209	52	clearly	clearly	ADV
iiclr-17574	209	53	threaten	threaten	VERB
iiclr-17574	209	54	commercial	commercial	ADJ
iiclr-17574	209	55	banks	bank	NOUN
iiclr-17574	209	56	'	'	PART
iiclr-17574	209	57	deposits	deposit	NOUN
iiclr-17574	209	58	.	.	PUNCT
iiclr-17574	210	1	"	"	PUNCT
iiclr-17574	210	2	americans	americans	PROPN
iiclr-17574	210	3	have	have	AUX
iiclr-17574	210	4	withdrawn	withdraw	VERB
iiclr-17574	210	5	over	over	ADP
iiclr-17574	210	6	$	$	SYM
iiclr-17574	210	7	500	500	NUM
iiclr-17574	210	8	billion	billion	NUM
iiclr-17574	210	9	from	from	ADP
iiclr-17574	210	10	low	low	ADJ
iiclr-17574	210	11	yielding	yield	VERB
iiclr-17574	210	12	bank	bank	NOUN
iiclr-17574	210	13	accounts	account	NOUN
iiclr-17574	210	14	from	from	ADP
iiclr-17574	210	15	1990	1990	NUM
iiclr-17574	210	16	to	to	ADP
iiclr-17574	210	17	1992	1992	NUM
iiclr-17574	210	18	in	in	ADP
iiclr-17574	210	19	favor	favor	NOUN
iiclr-17574	210	20	of	of	ADP
iiclr-17574	210	21	higher	high	ADJ
iiclr-17574	210	22	paying	pay	VERB
iiclr-17574	210	23	investments	investment	NOUN
iiclr-17574	210	24	,	,	PUNCT
iiclr-17574	210	25	such	such	ADJ
iiclr-17574	210	26	as	as	ADP
iiclr-17574	210	27	mutual	mutual	ADJ
iiclr-17574	210	28	funds	fund	NOUN
iiclr-17574	210	29	.	.	PUNCT
iiclr-17574	211	1	"	"	PUNCT
iiclr-17574	211	2	5	5	NUM
iiclr-17574	211	3	in	in	ADP
iiclr-17574	211	4	1992	1992	NUM
iiclr-17574	211	5	,	,	PUNCT
iiclr-17574	211	6	the	the	DET
iiclr-17574	211	7	public	public	NOUN
iiclr-17574	211	8	made	make	VERB
iiclr-17574	211	9	net	net	ADJ
iiclr-17574	211	10	purchases	purchase	NOUN
iiclr-17574	211	11	of	of	ADP
iiclr-17574	211	12	fund	fund	NOUN
iiclr-17574	211	13	shares	share	NOUN
iiclr-17574	211	14	amounting	amount	VERB
iiclr-17574	211	15	to	to	ADP
iiclr-17574	211	16	$	$	SYM
iiclr-17574	211	17	206	206	NUM
iiclr-17574	211	18	billion	billion	NUM
iiclr-17574	211	19	while	while	SCONJ
iiclr-17574	211	20	making	make	VERB
iiclr-17574	211	21	net	net	ADJ
iiclr-17574	211	22	withdrawals	withdrawal	NOUN
iiclr-17574	211	23	from	from	ADP
iiclr-17574	211	24	their	their	PRON
iiclr-17574	211	25	deposit	deposit	NOUN
iiclr-17574	211	26	accounts	account	NOUN
iiclr-17574	211	27	at	at	ADP
iiclr-17574	211	28	banks	bank	NOUN
iiclr-17574	211	29	.	.	PUNCT
iiclr-17574	211	30	"	"	PUNCT
iiclr-17574	212	1	many	many	ADJ
iiclr-17574	212	2	illiquid	illiquid	ADJ
iiclr-17574	212	3	bank	bank	NOUN
iiclr-17574	212	4	products	product	NOUN
iiclr-17574	212	5	,	,	PUNCT
iiclr-17574	212	6	such	such	ADJ
iiclr-17574	212	7	as	as	ADP
iiclr-17574	212	8	certificates	certificate	NOUN
iiclr-17574	212	9	of	of	ADP
iiclr-17574	212	10	deposit	deposit	NOUN
iiclr-17574	212	11	(	(	PUNCT
iiclr-17574	212	12	cds	cds	PROPN
iiclr-17574	212	13	)	)	PUNCT
iiclr-17574	212	14	,	,	PUNCT
iiclr-17574	212	15	have	have	AUX
iiclr-17574	212	16	prompted	prompt	VERB
iiclr-17574	212	17	this	this	DET
iiclr-17574	212	18	move	move	NOUN
iiclr-17574	212	19	.	.	PUNCT
iiclr-17574	213	1	mutual	mutual	ADJ
iiclr-17574	213	2	funds	fund	NOUN
iiclr-17574	213	3	offer	offer	VERB
iiclr-17574	213	4	ease	ease	NOUN
iiclr-17574	213	5	of	of	ADP
iiclr-17574	213	6	investment	investment	NOUN
iiclr-17574	213	7	,	,	PUNCT
iiclr-17574	213	8	because	because	SCONJ
iiclr-17574	213	9	of	of	ADP
iiclr-17574	213	10	their	their	PRON
iiclr-17574	213	11	liquidity	liquidity	NOUN
iiclr-17574	213	12	,	,	PUNCT
iiclr-17574	213	13	while	while	SCONJ
iiclr-17574	213	14	yielding	yield	VERB
iiclr-17574	213	15	superior	superior	ADJ
iiclr-17574	213	16	returns	return	NOUN
iiclr-17574	213	17	when	when	SCONJ
iiclr-17574	213	18	compared	compare	VERB
iiclr-17574	213	19	to	to	ADP
iiclr-17574	213	20	a	a	DET
iiclr-17574	213	21	bank	bank	NOUN
iiclr-17574	213	22	certificate	certificate	NOUN
iiclr-17574	213	23	of	of	ADP
iiclr-17574	213	24	deposit	deposit	NOUN
iiclr-17574	213	25	.	.	PUNCT
iiclr-17574	214	1	consequently	consequently	ADV
iiclr-17574	214	2	,	,	PUNCT
iiclr-17574	214	3	the	the	DET
iiclr-17574	214	4	mutual	mutual	ADJ
iiclr-17574	214	5	fund	fund	NOUN
iiclr-17574	214	6	has	have	AUX
iiclr-17574	214	7	supplanted	supplant	VERB
iiclr-17574	214	8	the	the	DET
iiclr-17574	214	9	commercial	commercial	ADJ
iiclr-17574	214	10	deposit	deposit	NOUN
iiclr-17574	214	11	account	account	NOUN
iiclr-17574	214	12	as	as	ADP
iiclr-17574	214	13	a	a	DET
iiclr-17574	214	14	limited	limited	ADJ
iiclr-17574	214	15	risk	risk	NOUN
iiclr-17574	214	16	sanctuary	sanctuary	NOUN
iiclr-17574	214	17	.	.	PUNCT
iiclr-17574	215	1	where	where	SCONJ
iiclr-17574	215	2	shrinking	shrink	VERB
iiclr-17574	215	3	deposits	deposit	NOUN
iiclr-17574	215	4	have	have	AUX
iiclr-17574	215	5	strained	strain	VERB
iiclr-17574	215	6	the	the	DET
iiclr-17574	215	7	commercial	commercial	ADJ
iiclr-17574	215	8	banks	bank	NOUN
iiclr-17574	215	9	'	'	PART
iiclr-17574	215	10	working	working	NOUN
iiclr-17574	215	11	capital	capital	NOUN
iiclr-17574	215	12	,	,	PUNCT
iiclr-17574	215	13	and	and	CCONJ
iiclr-17574	215	14	commercial	commercial	ADJ
iiclr-17574	215	15	banks	bank	NOUN
iiclr-17574	215	16	must	must	AUX
iiclr-17574	215	17	compete	compete	VERB
iiclr-17574	215	18	with	with	ADP
iiclr-17574	215	19	many	many	ADJ
iiclr-17574	215	20	alternate	alternate	ADJ
iiclr-17574	215	21	sources	source	NOUN
iiclr-17574	215	22	of	of	ADP
iiclr-17574	215	23	credit	credit	NOUN
iiclr-17574	215	24	,	,	PUNCT
iiclr-17574	215	25	the	the	DET
iiclr-17574	215	26	economics	economic	NOUN
iiclr-17574	215	27	of	of	ADP
iiclr-17574	215	28	the	the	DET
iiclr-17574	215	29	gsa	gsa	PROPN
iiclr-17574	215	30	's	's	PART
iiclr-17574	215	31	post	post	ADJ
iiclr-17574	215	32	-	-	ADJ
iiclr-17574	215	33	depression	depression	ADJ
iiclr-17574	215	34	banking	banking	NOUN
iiclr-17574	215	35	laws	law	NOUN
iiclr-17574	215	36	have	have	AUX
iiclr-17574	215	37	deteriorated.52	deteriorated.52	NOUN
iiclr-17574	215	38	the	the	DET
iiclr-17574	215	39	share	share	NOUN
iiclr-17574	215	40	of	of	ADP
iiclr-17574	215	41	financial	financial	ADJ
iiclr-17574	215	42	assets	asset	NOUN
iiclr-17574	215	43	held	hold	VERB
iiclr-17574	215	44	by	by	ADP
iiclr-17574	215	45	banks	bank	NOUN
iiclr-17574	215	46	and	and	CCONJ
iiclr-17574	215	47	thrifts	thrift	NOUN
iiclr-17574	215	48	predictably	predictably	ADV
iiclr-17574	215	49	has	have	AUX
iiclr-17574	215	50	fallen	fall	VERB
iiclr-17574	215	51	from	from	ADP
iiclr-17574	215	52	fifty	fifty	NUM
iiclr-17574	215	53	-	-	PUNCT
iiclr-17574	215	54	eight	eight	NUM
iiclr-17574	215	55	percent	percent	NOUN
iiclr-17574	215	56	in	in	ADP
iiclr-17574	215	57	1974	1974	NUM
iiclr-17574	215	58	to	to	ADP
iiclr-17574	215	59	forty	forty	NUM
iiclr-17574	215	60	percent	percent	NOUN
iiclr-17574	215	61	in	in	ADP
iiclr-17574	215	62	1991	1991	NUM
iiclr-17574	215	63	.	.	PUNCT
iiclr-17574	215	64	"	"	PUNCT
iiclr-17574	216	1	the	the	DET
iiclr-17574	216	2	share	share	NOUN
iiclr-17574	216	3	of	of	ADP
iiclr-17574	216	4	financial	financial	ADJ
iiclr-17574	216	5	assets	asset	NOUN
iiclr-17574	216	6	held	hold	VERB
iiclr-17574	216	7	by	by	ADP
iiclr-17574	216	8	banks	bank	NOUN
iiclr-17574	216	9	is	be	AUX
iiclr-17574	216	10	estimated	estimate	VERB
iiclr-17574	216	11	to	to	PART
iiclr-17574	216	12	drop	drop	VERB
iiclr-17574	216	13	below	below	ADP
iiclr-17574	216	14	thirty	thirty	NUM
iiclr-17574	216	15	-	-	PUNCT
iiclr-17574	216	16	five	five	NUM
iiclr-17574	216	17	percent	percent	NOUN
iiclr-17574	216	18	by	by	ADP
iiclr-17574	216	19	1995	1995	NUM
iiclr-17574	216	20	and	and	CCONJ
iiclr-17574	216	21	below	below	ADP
iiclr-17574	216	22	thirty	thirty	NUM
iiclr-17574	216	23	percent	percent	NOUN
iiclr-17574	216	24	in	in	ADP
iiclr-17574	216	25	the	the	DET
iiclr-17574	216	26	year	year	NOUN
iiclr-17574	216	27	2000.54	2000.54	NUM
iiclr-17574	216	28	while	while	SCONJ
iiclr-17574	216	29	banks	bank	NOUN
iiclr-17574	216	30	once	once	ADV
iiclr-17574	216	31	dominated	dominate	VERB
iiclr-17574	216	32	business	business	NOUN
iiclr-17574	216	33	lending	lending	NOUN
iiclr-17574	216	34	,	,	PUNCT
iiclr-17574	216	35	today	today	NOUN
iiclr-17574	216	36	nearly	nearly	ADV
iiclr-17574	216	37	eighty	eighty	NUM
iiclr-17574	216	38	percent	percent	NOUN
iiclr-17574	216	39	of	of	ADP
iiclr-17574	216	40	all	all	DET
iiclr-17574	216	41	such	such	ADJ
iiclr-17574	216	42	loans	loan	NOUN
iiclr-17574	216	43	came	come	VERB
iiclr-17574	216	44	from	from	ADP
iiclr-17574	216	45	non	non	ADJ
iiclr-17574	216	46	-	-	ADJ
iiclr-17574	216	47	bank	bank	ADJ
iiclr-17574	216	48	lenders	lender	NOUN
iiclr-17574	216	49	,	,	PUNCT
iiclr-17574	216	50	such	such	ADJ
iiclr-17574	216	51	as	as	ADP
iiclr-17574	216	52	life	life	NOUN
iiclr-17574	216	53	insurers	insurer	NOUN
iiclr-17574	216	54	,	,	PUNCT
iiclr-17574	216	55	brokerage	brokerage	NOUN
iiclr-17574	216	56	firms	firm	NOUN
iiclr-17574	216	57	,	,	PUNCT
iiclr-17574	216	58	and	and	CCONJ
iiclr-17574	216	59	finance	finance	NOUN
iiclr-17574	216	60	companies	company	NOUN
iiclr-17574	216	61	.	.	PUNCT
iiclr-17574	216	62	"	"	PUNCT
iiclr-17574	217	1	now	now	ADV
iiclr-17574	217	2	institutions	institution	NOUN
iiclr-17574	217	3	and	and	CCONJ
iiclr-17574	217	4	individuals	individual	NOUN
iiclr-17574	217	5	can	can	AUX
iiclr-17574	217	6	also	also	ADV
iiclr-17574	217	7	write	write	VERB
iiclr-17574	217	8	checks	check	NOUN
iiclr-17574	217	9	on	on	ADP
iiclr-17574	217	10	their	their	PRON
iiclr-17574	217	11	insurance	insurance	NOUN
iiclr-17574	217	12	company	company	NOUN
iiclr-17574	217	13	policies	policy	NOUN
iiclr-17574	217	14	,	,	PUNCT
iiclr-17574	217	15	get	get	VERB
iiclr-17574	217	16	a	a	DET
iiclr-17574	217	17	loan	loan	NOUN
iiclr-17574	217	18	from	from	ADP
iiclr-17574	217	19	a	a	DET
iiclr-17574	217	20	pension	pension	NOUN
iiclr-17574	217	21	fund	fund	NOUN
iiclr-17574	217	22	,	,	PUNCT
iiclr-17574	217	23	and	and	CCONJ
iiclr-17574	217	24	deposit	deposit	NOUN
iiclr-17574	217	25	paychecks	paycheck	NOUN
iiclr-17574	217	26	into	into	ADP
iiclr-17574	217	27	a	a	DET
iiclr-17574	217	28	brokerage	brokerage	NOUN
iiclr-17574	217	29	firm	firm	NOUN
iiclr-17574	217	30	money	money	NOUN
iiclr-17574	217	31	market	market	NOUN
iiclr-17574	217	32	account.56	account.56	NOUN
iiclr-17574	217	33	"	"	PUNCT
iiclr-17574	217	34	it	it	PRON
iiclr-17574	217	35	is	be	AUX
iiclr-17574	217	36	possible	possible	ADJ
iiclr-17574	217	37	for	for	SCONJ
iiclr-17574	217	38	banks	bank	NOUN
iiclr-17574	217	39	to	to	PART
iiclr-17574	217	40	die	die	VERB
iiclr-17574	217	41	and	and	CCONJ
iiclr-17574	217	42	still	still	ADV
iiclr-17574	217	43	have	have	VERB
iiclr-17574	217	44	a	a	DET
iiclr-17574	217	45	vibrant	vibrant	ADJ
iiclr-17574	217	46	economy	economy	NOUN
iiclr-17574	217	47	.	.	PUNCT
iiclr-17574	218	1	'	'	PUNCT
iiclr-17574	218	2	57	57	NUM
iiclr-17574	218	3	47	47	NUM
iiclr-17574	218	4	.	.	PUNCT
iiclr-17574	219	1	douglas	douglas	PROPN
iiclr-17574	219	2	e.	e.	PROPN
iiclr-17574	219	3	klinger	klinger	PROPN
iiclr-17574	219	4	,	,	PUNCT
iiclr-17574	219	5	a	a	DET
iiclr-17574	219	6	banker	banker	NOUN
iiclr-17574	219	7	's	's	PART
iiclr-17574	219	8	guide	guide	NOUN
iiclr-17574	219	9	to	to	ADP
iiclr-17574	219	10	mutualfunds	mutualfund	NOUN
iiclr-17574	219	11	,	,	PUNCT
iiclr-17574	219	12	banker	banker	NOUN
iiclr-17574	219	13	's	's	PART
iiclr-17574	219	14	monthly	monthly	ADJ
iiclr-17574	219	15	,	,	PUNCT
iiclr-17574	219	16	dec	dec	PROPN
iiclr-17574	219	17	.	.	PROPN
iiclr-17574	219	18	1992	1992	NUM
iiclr-17574	219	19	,	,	PUNCT
iiclr-17574	219	20	at	at	ADP
iiclr-17574	219	21	18	18	NUM
iiclr-17574	219	22	,	,	PUNCT
iiclr-17574	219	23	18	18	NUM
iiclr-17574	219	24	.	.	NOUN
iiclr-17574	219	25	48	48	NUM
iiclr-17574	219	26	.	.	PUNCT
iiclr-17574	220	1	i	i	PRON
iiclr-17574	220	2	d.	d.	PROPN
iiclr-17574	220	3	49	49	NUM
iiclr-17574	220	4	.	.	PUNCT
iiclr-17574	221	1	i	i	PRON
iiclr-17574	221	2	d	d	PROPN
iiclr-17574	221	3	50	50	NUM
iiclr-17574	221	4	.	.	PUNCT
iiclr-17574	222	1	bernard	bernard	PROPN
iiclr-17574	222	2	baumohl	baumohl	PROPN
iiclr-17574	222	3	,	,	PUNCT
iiclr-17574	222	4	are	be	AUX
iiclr-17574	222	5	banks	bank	NOUN
iiclr-17574	222	6	obsolete	obsolete	ADJ
iiclr-17574	222	7	?	?	PUNCT
iiclr-17574	223	1	"	"	PUNCT
iiclr-17574	223	2	fat	fat	ADJ
iiclr-17574	223	3	,	,	PUNCT
iiclr-17574	223	4	dumb	dumb	ADJ
iiclr-17574	223	5	,	,	PUNCT
iiclr-17574	223	6	and	and	CCONJ
iiclr-17574	223	7	happy	happy	ADJ
iiclr-17574	223	8	,	,	PUNCT
iiclr-17574	223	9	"	"	PUNCT
iiclr-17574	223	10	commercial	commercial	ADJ
iiclr-17574	223	11	banks	bank	NOUN
iiclr-17574	223	12	are	be	AUX
iiclr-17574	223	13	being	be	AUX
iiclr-17574	223	14	quickly	quickly	ADV
iiclr-17574	223	15	replaced	replace	VERB
iiclr-17574	223	16	as	as	ADP
iiclr-17574	223	17	financial	financial	ADJ
iiclr-17574	223	18	intermediaries	intermediary	NOUN
iiclr-17574	223	19	,	,	PUNCT
iiclr-17574	223	20	time	time	NOUN
iiclr-17574	223	21	,	,	PUNCT
iiclr-17574	223	22	june	june	PROPN
iiclr-17574	223	23	28	28	NUM
iiclr-17574	223	24	,	,	PUNCT
iiclr-17574	223	25	1993	1993	NUM
iiclr-17574	223	26	,	,	PUNCT
iiclr-17574	223	27	at	at	ADP
iiclr-17574	223	28	49	49	NUM
iiclr-17574	223	29	,	,	PUNCT
iiclr-17574	223	30	50	50	NUM
iiclr-17574	223	31	.	.	X
iiclr-17574	224	1	51	51	NUM
iiclr-17574	224	2	.	.	X
iiclr-17574	225	1	mack	mack	PROPN
iiclr-17574	225	2	,	,	PUNCT
iiclr-17574	225	3	supra	supra	PROPN
iiclr-17574	225	4	note	note	PROPN
iiclr-17574	225	5	18	18	NUM
iiclr-17574	225	6	,	,	PUNCT
iiclr-17574	225	7	at	at	ADP
iiclr-17574	225	8	1001	1001	NUM
iiclr-17574	225	9	.	.	PUNCT
iiclr-17574	226	1	52	52	NUM
iiclr-17574	226	2	.	.	PUNCT
iiclr-17574	226	3	baumohl	baumohl	NOUN
iiclr-17574	226	4	,	,	PUNCT
iiclr-17574	226	5	supra	supra	PROPN
iiclr-17574	226	6	note	note	VERB
iiclr-17574	226	7	50	50	NUM
iiclr-17574	226	8	,	,	PUNCT
iiclr-17574	226	9	at	at	ADP
iiclr-17574	226	10	50	50	NUM
iiclr-17574	226	11	.	.	PUNCT
iiclr-17574	227	1	53	53	NUM
iiclr-17574	227	2	.	.	PUNCT
iiclr-17574	228	1	richard	richard	PROPN
iiclr-17574	228	2	l.	l.	PROPN
iiclr-17574	228	3	stem	stem	PROPN
iiclr-17574	228	4	&	&	CCONJ
iiclr-17574	228	5	jason	jason	PROPN
iiclr-17574	228	6	l.	l.	PROPN
iiclr-17574	228	7	zweig	zweig	PROPN
iiclr-17574	228	8	,	,	PUNCT
iiclr-17574	228	9	bank	bank	NOUN
iiclr-17574	228	10	reform	reform	NOUN
iiclr-17574	228	11	wall	wall	PROPN
iiclr-17574	228	12	streetstvle	streetstvle	PROPN
iiclr-17574	228	13	,	,	PUNCT
iiclr-17574	228	14	forbes	forbes	PROPN
iiclr-17574	228	15	,	,	PUNCT
iiclr-17574	228	16	mar	mar	PROPN
iiclr-17574	228	17	.	.	PROPN
iiclr-17574	228	18	30	30	NUM
iiclr-17574	228	19	,	,	PUNCT
iiclr-17574	228	20	1992	1992	NUM
iiclr-17574	228	21	,	,	PUNCT
iiclr-17574	228	22	at	at	ADP
iiclr-17574	228	23	62	62	NUM
iiclr-17574	228	24	,	,	PUNCT
iiclr-17574	228	25	64	64	NUM
iiclr-17574	228	26	.	.	PUNCT
iiclr-17574	229	1	pension	pension	NOUN
iiclr-17574	229	2	funds	fund	NOUN
iiclr-17574	229	3	have	have	VERB
iiclr-17574	229	4	30	30	NUM
iiclr-17574	229	5	%	%	NOUN
iiclr-17574	229	6	,	,	PUNCT
iiclr-17574	229	7	mutual	mutual	ADJ
iiclr-17574	229	8	funds	fund	NOUN
iiclr-17574	229	9	and	and	CCONJ
iiclr-17574	229	10	insurance	insurance	NOUN
iiclr-17574	229	11	companies	company	NOUN
iiclr-17574	229	12	have	have	VERB
iiclr-17574	229	13	just	just	ADV
iiclr-17574	229	14	over	over	ADP
iiclr-17574	229	15	10	10	NUM
iiclr-17574	229	16	%	%	NOUN
iiclr-17574	229	17	each	each	PRON
iiclr-17574	229	18	,	,	PUNCT
iiclr-17574	229	19	and	and	CCONJ
iiclr-17574	229	20	others	other	NOUN
iiclr-17574	229	21	have	have	VERB
iiclr-17574	229	22	the	the	DET
iiclr-17574	229	23	rest	rest	NOUN
iiclr-17574	229	24	.	.	PUNCT
iiclr-17574	230	1	i	i	PRON
iiclr-17574	230	2	d.	d.	PROPN
iiclr-17574	230	3	54	54	NUM
iiclr-17574	230	4	.	.	PUNCT
iiclr-17574	231	1	i	i	PRON
iiclr-17574	231	2	d	d	PROPN
iiclr-17574	231	3	(	(	PUNCT
iiclr-17574	231	4	quoting	quote	VERB
iiclr-17574	231	5	richard	richard	PROPN
iiclr-17574	231	6	crawford	crawford	PROPN
iiclr-17574	231	7	of	of	ADP
iiclr-17574	231	8	madison	madison	PROPN
iiclr-17574	231	9	financial	financial	PROPN
iiclr-17574	231	10	group	group	NOUN
iiclr-17574	231	11	,	,	PUNCT
iiclr-17574	231	12	a	a	DET
iiclr-17574	231	13	washington	washington	PROPN
iiclr-17574	231	14	,	,	PUNCT
iiclr-17574	231	15	d.c.-based	d.c.-based	ADJ
iiclr-17574	231	16	consulting	consulting	NOUN
iiclr-17574	231	17	firm	firm	NOUN
iiclr-17574	231	18	)	)	PUNCT
iiclr-17574	231	19	.	.	PUNCT
iiclr-17574	232	1	55	55	NUM
iiclr-17574	232	2	.	.	PUNCT
iiclr-17574	232	3	baumohl	baumohl	NOUN
iiclr-17574	232	4	,	,	PUNCT
iiclr-17574	232	5	supra	supra	PROPN
iiclr-17574	232	6	note	note	VERB
iiclr-17574	232	7	50	50	NUM
iiclr-17574	232	8	,	,	PUNCT
iiclr-17574	232	9	at	at	ADP
iiclr-17574	232	10	49	49	NUM
iiclr-17574	232	11	.	.	PUNCT
iiclr-17574	233	1	56	56	NUM
iiclr-17574	233	2	.	.	PUNCT
iiclr-17574	234	1	i	i	PRON
iiclr-17574	234	2	d.	d.	PROPN
iiclr-17574	234	3	57	57	NUM
iiclr-17574	234	4	.	.	PUNCT
iiclr-17574	235	1	i	i	PRON
iiclr-17574	235	2	d.	d.	PROPN
iiclr-17574	235	3	(	(	PUNCT
iiclr-17574	235	4	quoting	quote	VERB
iiclr-17574	235	5	edward	edward	PROPN
iiclr-17574	235	6	furash	furash	PROPN
iiclr-17574	235	7	,	,	PUNCT
iiclr-17574	235	8	a	a	DET
iiclr-17574	235	9	washington	washington	PROPN
iiclr-17574	235	10	bank	bank	NOUN
iiclr-17574	235	11	consultant	consultant	NOUN
iiclr-17574	235	12	)	)	PUNCT
iiclr-17574	235	13	.	.	PUNCT
iiclr-17574	236	1	[	[	X
iiclr-17574	236	2	vol	vol	NOUN
iiclr-17574	236	3	.	.	PUNCT
iiclr-17574	236	4	5:2	5:2	NUM
iiclr-17574	236	5	mutual	mutual	ADJ
iiclr-17574	236	6	fund	fund	NOUN
iiclr-17574	236	7	emergence	emergence	VERB
iiclr-17574	236	8	the	the	DET
iiclr-17574	236	9	historic	historic	ADJ
iiclr-17574	236	10	regulation	regulation	NOUN
iiclr-17574	236	11	of	of	ADP
iiclr-17574	236	12	commercial	commercial	ADJ
iiclr-17574	236	13	banks	bank	NOUN
iiclr-17574	236	14	handicaps	handicap	VERB
iiclr-17574	236	15	their	their	PRON
iiclr-17574	236	16	ability	ability	NOUN
iiclr-17574	236	17	to	to	PART
iiclr-17574	236	18	compete	compete	VERB
iiclr-17574	236	19	in	in	ADP
iiclr-17574	236	20	this	this	DET
iiclr-17574	236	21	changing	change	VERB
iiclr-17574	236	22	environment	environment	NOUN
iiclr-17574	236	23	.	.	PUNCT
iiclr-17574	237	1	commercial	commercial	ADJ
iiclr-17574	237	2	banks	bank	NOUN
iiclr-17574	237	3	must	must	AUX
iiclr-17574	237	4	maintain	maintain	VERB
iiclr-17574	237	5	reserves	reserve	NOUN
iiclr-17574	237	6	and	and	CCONJ
iiclr-17574	237	7	pay	pay	VERB
iiclr-17574	237	8	deposit	deposit	NOUN
iiclr-17574	237	9	insurance	insurance	NOUN
iiclr-17574	237	10	premiums	premium	NOUN
iiclr-17574	237	11	against	against	ADP
iiclr-17574	237	12	their	their	PRON
iiclr-17574	237	13	cds	cd	NOUN
iiclr-17574	237	14	and	and	CCONJ
iiclr-17574	237	15	deposits	deposit	NOUN
iiclr-17574	237	16	,	,	PUNCT
iiclr-17574	237	17	which	which	PRON
iiclr-17574	237	18	limit	limit	VERB
iiclr-17574	237	19	their	their	PRON
iiclr-17574	237	20	financial	financial	ADJ
iiclr-17574	237	21	flexibility	flexibility	NOUN
iiclr-17574	237	22	and	and	CCONJ
iiclr-17574	237	23	lead	lead	VERB
iiclr-17574	237	24	to	to	ADP
iiclr-17574	237	25	higher	high	ADJ
iiclr-17574	237	26	overhead	overhead	NOUN
iiclr-17574	237	27	cost.s	cost.s	NOUN
iiclr-17574	237	28	as	as	ADP
iiclr-17574	237	29	fund	fund	NOUN
iiclr-17574	237	30	managers	manager	NOUN
iiclr-17574	237	31	,	,	PUNCT
iiclr-17574	237	32	they	they	PRON
iiclr-17574	237	33	are	be	AUX
iiclr-17574	237	34	required	require	VERB
iiclr-17574	237	35	to	to	PART
iiclr-17574	237	36	do	do	VERB
iiclr-17574	237	37	neither.59	neither.59	ADJ
iiclr-17574	237	38	commercial	commercial	ADJ
iiclr-17574	237	39	banks	bank	NOUN
iiclr-17574	237	40	,	,	PUNCT
iiclr-17574	237	41	therefore	therefore	ADV
iiclr-17574	237	42	,	,	PUNCT
iiclr-17574	237	43	must	must	AUX
iiclr-17574	237	44	continue	continue	VERB
iiclr-17574	237	45	to	to	PART
iiclr-17574	237	46	enter	enter	VERB
iiclr-17574	237	47	the	the	DET
iiclr-17574	237	48	mutual	mutual	ADJ
iiclr-17574	237	49	fund	fund	NOUN
iiclr-17574	237	50	industry	industry	NOUN
iiclr-17574	237	51	to	to	PART
iiclr-17574	237	52	remain	remain	VERB
iiclr-17574	237	53	competitive	competitive	ADJ
iiclr-17574	237	54	for	for	ADP
iiclr-17574	237	55	the	the	DET
iiclr-17574	237	56	same	same	ADJ
iiclr-17574	237	57	dollars	dollar	NOUN
iiclr-17574	237	58	that	that	PRON
iiclr-17574	237	59	would	would	AUX
iiclr-17574	237	60	otherwise	otherwise	ADV
iiclr-17574	237	61	be	be	AUX
iiclr-17574	237	62	deposited	deposit	VERB
iiclr-17574	237	63	in	in	ADP
iiclr-17574	237	64	a	a	DET
iiclr-17574	237	65	savings	saving	NOUN
iiclr-17574	237	66	account	account	NOUN
iiclr-17574	237	67	or	or	CCONJ
iiclr-17574	237	68	cd	cd	PROPN
iiclr-17574	237	69	.	.	PUNCT
iiclr-17574	237	70	'	'	PUNCT
iiclr-17574	238	1	during	during	ADP
iiclr-17574	238	2	the	the	DET
iiclr-17574	238	3	wave	wave	NOUN
iiclr-17574	238	4	of	of	ADP
iiclr-17574	238	5	change	change	NOUN
iiclr-17574	238	6	,	,	PUNCT
iiclr-17574	238	7	commercial	commercial	ADJ
iiclr-17574	238	8	banks	bank	NOUN
iiclr-17574	238	9	have	have	AUX
iiclr-17574	238	10	evolved	evolve	VERB
iiclr-17574	238	11	from	from	ADP
iiclr-17574	238	12	pure	pure	ADJ
iiclr-17574	238	13	credit	credit	NOUN
iiclr-17574	238	14	organizations	organization	NOUN
iiclr-17574	238	15	into	into	ADP
iiclr-17574	238	16	astute	astute	ADJ
iiclr-17574	238	17	marketers	marketer	NOUN
iiclr-17574	238	18	.	.	PUNCT
iiclr-17574	239	1	as	as	SCONJ
iiclr-17574	239	2	depositors	depositor	NOUN
iiclr-17574	239	3	have	have	AUX
iiclr-17574	239	4	taken	take	VERB
iiclr-17574	239	5	flight	flight	NOUN
iiclr-17574	239	6	from	from	ADP
iiclr-17574	239	7	the	the	DET
iiclr-17574	239	8	secure	secure	NOUN
iiclr-17574	239	9	,	,	PUNCT
iiclr-17574	239	10	insured	insure	VERB
iiclr-17574	239	11	,	,	PUNCT
iiclr-17574	239	12	commercial	commercial	ADJ
iiclr-17574	239	13	deposit	deposit	NOUN
iiclr-17574	239	14	,	,	PUNCT
iiclr-17574	239	15	commercial	commercial	ADJ
iiclr-17574	239	16	banks	bank	NOUN
iiclr-17574	239	17	have	have	AUX
iiclr-17574	239	18	responded	respond	VERB
iiclr-17574	239	19	by	by	ADP
iiclr-17574	239	20	eluding	elude	VERB
iiclr-17574	239	21	the	the	DET
iiclr-17574	239	22	historic	historic	ADJ
iiclr-17574	239	23	constraints	constraint	NOUN
iiclr-17574	239	24	of	of	ADP
iiclr-17574	239	25	the	the	DET
iiclr-17574	239	26	glass	glass	NOUN
iiclr-17574	239	27	-	-	PUNCT
iiclr-17574	239	28	steagall	steagall	PROPN
iiclr-17574	239	29	act	act	PROPN
iiclr-17574	239	30	.	.	PUNCT
iiclr-17574	240	1	during	during	ADP
iiclr-17574	240	2	this	this	DET
iiclr-17574	240	3	metamorphosis	metamorphosis	NOUN
iiclr-17574	240	4	,	,	PUNCT
iiclr-17574	240	5	commercial	commercial	ADJ
iiclr-17574	240	6	banks	bank	NOUN
iiclr-17574	240	7	have	have	AUX
iiclr-17574	240	8	turned	turn	VERB
iiclr-17574	240	9	to	to	ADP
iiclr-17574	240	10	mutual	mutual	ADJ
iiclr-17574	240	11	funds	fund	NOUN
iiclr-17574	240	12	to	to	PART
iiclr-17574	240	13	increase	increase	VERB
iiclr-17574	240	14	fee	fee	NOUN
iiclr-17574	240	15	income	income	NOUN
iiclr-17574	240	16	,	,	PUNCT
iiclr-17574	240	17	strengthen	strengthen	VERB
iiclr-17574	240	18	customer	customer	NOUN
iiclr-17574	240	19	relationships	relationship	NOUN
iiclr-17574	240	20	,	,	PUNCT
iiclr-17574	240	21	and	and	CCONJ
iiclr-17574	240	22	expand	expand	VERB
iiclr-17574	240	23	their	their	PRON
iiclr-17574	240	24	customer	customer	NOUN
iiclr-17574	240	25	base.6	base.6	NOUN
iiclr-17574	240	26	'	'	PUNCT
iiclr-17574	240	27	because	because	SCONJ
iiclr-17574	240	28	they	they	PRON
iiclr-17574	240	29	are	be	AUX
iiclr-17574	240	30	convenient	convenient	ADJ
iiclr-17574	240	31	and	and	CCONJ
iiclr-17574	240	32	offer	offer	VERB
iiclr-17574	240	33	many	many	ADJ
iiclr-17574	240	34	consumer	consumer	NOUN
iiclr-17574	240	35	options	option	NOUN
iiclr-17574	240	36	,	,	PUNCT
iiclr-17574	240	37	mutual	mutual	ADJ
iiclr-17574	240	38	funds	fund	NOUN
iiclr-17574	240	39	have	have	VERB
iiclr-17574	240	40	more	more	ADJ
iiclr-17574	240	41	appeal	appeal	NOUN
iiclr-17574	240	42	than	than	ADP
iiclr-17574	240	43	the	the	DET
iiclr-17574	240	44	common	common	ADJ
iiclr-17574	240	45	trust	trust	NOUN
iiclr-17574	240	46	funds	fund	NOUN
iiclr-17574	240	47	traditionally	traditionally	ADV
iiclr-17574	240	48	offered	offer	VERB
iiclr-17574	240	49	by	by	ADP
iiclr-17574	240	50	banks	bank	NOUN
iiclr-17574	240	51	.	.	PUNCT
iiclr-17574	241	1	by	by	ADP
iiclr-17574	241	2	selling	sell	VERB
iiclr-17574	241	3	mutual	mutual	ADJ
iiclr-17574	241	4	funds	fund	NOUN
iiclr-17574	241	5	or	or	CCONJ
iiclr-17574	241	6	getting	getting	AUX
iiclr-17574	241	7	involved	involve	VERB
iiclr-17574	241	8	as	as	ADP
iiclr-17574	241	9	fund	fund	NOUN
iiclr-17574	241	10	managers	manager	NOUN
iiclr-17574	241	11	,	,	PUNCT
iiclr-17574	241	12	banks	bank	NOUN
iiclr-17574	241	13	do	do	AUX
iiclr-17574	241	14	not	not	PART
iiclr-17574	241	15	commit	commit	VERB
iiclr-17574	241	16	capital	capital	NOUN
iiclr-17574	241	17	,	,	PUNCT
iiclr-17574	241	18	yet	yet	CCONJ
iiclr-17574	241	19	still	still	ADV
iiclr-17574	241	20	retain	retain	VERB
iiclr-17574	241	21	customers	customer	NOUN
iiclr-17574	241	22	'	'	PART
iiclr-17574	241	23	business	business	NOUN
iiclr-17574	241	24	and	and	CCONJ
iiclr-17574	241	25	invariably	invariably	ADV
iiclr-17574	241	26	earn	earn	VERB
iiclr-17574	241	27	a	a	DET
iiclr-17574	241	28	fee.62	fee.62	NOUN
iiclr-17574	241	29	unfortunately	unfortunately	ADV
iiclr-17574	241	30	,	,	PUNCT
iiclr-17574	241	31	the	the	DET
iiclr-17574	241	32	one	one	NUM
iiclr-17574	241	33	-	-	PUNCT
iiclr-17574	241	34	time	time	NOUN
iiclr-17574	241	35	fee	fee	NOUN
iiclr-17574	241	36	from	from	ADP
iiclr-17574	241	37	mutual	mutual	ADJ
iiclr-17574	241	38	fund	fund	NOUN
iiclr-17574	241	39	sales	sale	NOUN
iiclr-17574	241	40	is	be	AUX
iiclr-17574	241	41	hardly	hardly	ADV
iiclr-17574	241	42	a	a	DET
iiclr-17574	241	43	substitute	substitute	NOUN
iiclr-17574	241	44	for	for	ADP
iiclr-17574	241	45	loan	loan	NOUN
iiclr-17574	241	46	returns	return	NOUN
iiclr-17574	241	47	,	,	PUNCT
iiclr-17574	241	48	and	and	CCONJ
iiclr-17574	241	49	money	money	NOUN
iiclr-17574	241	50	placed	place	VERB
iiclr-17574	241	51	in	in	ADP
iiclr-17574	241	52	mutual	mutual	ADJ
iiclr-17574	241	53	funds	fund	NOUN
iiclr-17574	241	54	is	be	AUX
iiclr-17574	241	55	unavailable	unavailable	ADJ
iiclr-17574	241	56	for	for	ADP
iiclr-17574	241	57	lending.63	lending.63	PROPN
iiclr-17574	241	58	nevertheless	nevertheless	ADV
iiclr-17574	241	59	,	,	PUNCT
iiclr-17574	241	60	the	the	DET
iiclr-17574	241	61	transition	transition	NOUN
iiclr-17574	241	62	has	have	AUX
iiclr-17574	241	63	been	be	AUX
iiclr-17574	241	64	easy	easy	ADJ
iiclr-17574	241	65	because	because	SCONJ
iiclr-17574	241	66	mutual	mutual	ADJ
iiclr-17574	241	67	funds	fund	NOUN
iiclr-17574	241	68	are	be	AUX
iiclr-17574	241	69	a	a	DET
iiclr-17574	241	70	natural	natural	ADJ
iiclr-17574	241	71	extension	extension	NOUN
iiclr-17574	241	72	of	of	ADP
iiclr-17574	241	73	the	the	DET
iiclr-17574	241	74	money	money	NOUN
iiclr-17574	241	75	management	management	NOUN
iiclr-17574	241	76	services	service	NOUN
iiclr-17574	241	77	that	that	PRON
iiclr-17574	241	78	trust	trust	NOUN
iiclr-17574	241	79	departments	department	NOUN
iiclr-17574	241	80	have	have	AUX
iiclr-17574	241	81	been	be	AUX
iiclr-17574	241	82	engaged	engage	VERB
iiclr-17574	241	83	in	in	ADP
iiclr-17574	241	84	for	for	ADP
iiclr-17574	241	85	years	year	NOUN
iiclr-17574	241	86	.	.	PUNCT
iiclr-17574	242	1	v.	v.	ADP
iiclr-17574	242	2	legal	legal	ADJ
iiclr-17574	242	3	authority	authority	NOUN
iiclr-17574	242	4	through	through	ADP
iiclr-17574	242	5	administrative	administrative	ADJ
iiclr-17574	242	6	guidance	guidance	NOUN
iiclr-17574	242	7	for	for	ADP
iiclr-17574	242	8	the	the	DET
iiclr-17574	242	9	contemporary	contemporary	PROPN
iiclr-17574	242	10	bank	bank	PROPN
iiclr-17574	242	11	sale	sale	NOUN
iiclr-17574	242	12	of	of	ADP
iiclr-17574	242	13	mutual	mutual	ADJ
iiclr-17574	242	14	funds	fund	NOUN
iiclr-17574	242	15	a.	a.	NOUN
iiclr-17574	242	16	history	history	NOUN
iiclr-17574	242	17	of	of	ADP
iiclr-17574	242	18	bank	bank	PROPN
iiclr-17574	242	19	emergence	emergence	VERB
iiclr-17574	242	20	into	into	ADP
iiclr-17574	242	21	the	the	DET
iiclr-17574	242	22	mutual	mutual	ADJ
iiclr-17574	242	23	fund	fund	NOUN
iiclr-17574	242	24	industry	industry	NOUN
iiclr-17574	242	25	the	the	DET
iiclr-17574	242	26	thirty	thirty	NUM
iiclr-17574	242	27	years	year	NOUN
iiclr-17574	242	28	following	follow	VERB
iiclr-17574	242	29	the	the	DET
iiclr-17574	242	30	passage	passage	NOUN
iiclr-17574	242	31	of	of	ADP
iiclr-17574	242	32	the	the	DET
iiclr-17574	242	33	gsa	gsa	PROPN
iiclr-17574	242	34	saw	see	VERB
iiclr-17574	242	35	little	little	ADJ
iiclr-17574	242	36	debate	debate	NOUN
iiclr-17574	242	37	over	over	ADP
iiclr-17574	242	38	its	its	PRON
iiclr-17574	242	39	merits	merit	NOUN
iiclr-17574	242	40	.	.	PUNCT
iiclr-17574	243	1	in	in	ADP
iiclr-17574	243	2	1972	1972	NUM
iiclr-17574	243	3	,	,	PUNCT
iiclr-17574	243	4	investment	investment	NOUN
iiclr-17574	243	5	banks	bank	NOUN
iiclr-17574	243	6	and	and	CCONJ
iiclr-17574	243	7	other	other	ADJ
iiclr-17574	243	8	institutions	institution	NOUN
iiclr-17574	243	9	began	begin	VERB
iiclr-17574	243	10	competing	compete	VERB
iiclr-17574	243	11	58	58	NUM
iiclr-17574	243	12	.	.	PUNCT
iiclr-17574	244	1	jean	jean	PROPN
iiclr-17574	244	2	a.	a.	PROPN
iiclr-17574	244	3	briggs	briggs	PROPN
iiclr-17574	244	4	&	&	CCONJ
iiclr-17574	244	5	william	william	PROPN
iiclr-17574	244	6	baldwin	baldwin	PROPN
iiclr-17574	244	7	,	,	PUNCT
iiclr-17574	244	8	first	first	PROPN
iiclr-17574	244	9	national	national	PROPN
iiclr-17574	244	10	bank	bank	PROPN
iiclr-17574	244	11	and	and	CCONJ
iiclr-17574	244	12	fund	fund	PROPN
iiclr-17574	244	13	co.	co.	PROPN
iiclr-17574	244	14	,	,	PUNCT
iiclr-17574	244	15	forbes	forbes	PROPN
iiclr-17574	244	16	,	,	PUNCT
iiclr-17574	244	17	dec	dec	PROPN
iiclr-17574	244	18	.	.	PROPN
iiclr-17574	244	19	1	1	NUM
iiclr-17574	244	20	,	,	PUNCT
iiclr-17574	244	21	1986	1986	NUM
iiclr-17574	244	22	,	,	PUNCT
iiclr-17574	244	23	at	at	ADP
iiclr-17574	244	24	92	92	NUM
iiclr-17574	244	25	,	,	PUNCT
iiclr-17574	244	26	94	94	NUM
iiclr-17574	244	27	.	.	X
iiclr-17574	244	28	59	59	NUM
iiclr-17574	244	29	.	.	PUNCT
iiclr-17574	245	1	i	i	PRON
iiclr-17574	245	2	d.	d.	PROPN
iiclr-17574	245	3	60	60	NUM
iiclr-17574	245	4	.	.	PUNCT
iiclr-17574	246	1	in	in	ADP
iiclr-17574	246	2	1993	1993	NUM
iiclr-17574	246	3	,	,	PUNCT
iiclr-17574	246	4	the	the	DET
iiclr-17574	246	5	pressure	pressure	NOUN
iiclr-17574	246	6	on	on	ADP
iiclr-17574	246	7	banks	bank	NOUN
iiclr-17574	246	8	to	to	PART
iiclr-17574	246	9	enter	enter	VERB
iiclr-17574	246	10	the	the	DET
iiclr-17574	246	11	mutual	mutual	ADJ
iiclr-17574	246	12	funds	fund	NOUN
iiclr-17574	246	13	business	business	NOUN
iiclr-17574	246	14	was	be	AUX
iiclr-17574	246	15	intense	intense	ADJ
iiclr-17574	246	16	.	.	PUNCT
iiclr-17574	247	1	the	the	DET
iiclr-17574	247	2	$	$	SYM
iiclr-17574	247	3	1.8	1.8	NUM
iiclr-17574	247	4	trillion	trillion	NUM
iiclr-17574	247	5	mutual	mutual	ADJ
iiclr-17574	247	6	fund	fund	NOUN
iiclr-17574	247	7	industry	industry	NOUN
iiclr-17574	247	8	was	be	AUX
iiclr-17574	247	9	anticipated	anticipate	VERB
iiclr-17574	247	10	to	to	PART
iiclr-17574	247	11	quickly	quickly	ADV
iiclr-17574	247	12	overtake	overtake	VERB
iiclr-17574	247	13	the	the	DET
iiclr-17574	247	14	$	$	SYM
iiclr-17574	247	15	2.4	2.4	NUM
iiclr-17574	247	16	trillion	trillion	NUM
iiclr-17574	247	17	on	on	ADP
iiclr-17574	247	18	domestic	domestic	ADJ
iiclr-17574	247	19	deposit	deposit	NOUN
iiclr-17574	247	20	with	with	ADP
iiclr-17574	247	21	u.s	u.s	PROPN
iiclr-17574	247	22	.	.	PROPN
iiclr-17574	247	23	banks	bank	NOUN
iiclr-17574	247	24	.	.	PUNCT
iiclr-17574	248	1	much	much	ADJ
iiclr-17574	248	2	of	of	ADP
iiclr-17574	248	3	that	that	DET
iiclr-17574	248	4	money	money	NOUN
iiclr-17574	248	5	used	use	VERB
iiclr-17574	248	6	to	to	PART
iiclr-17574	248	7	be	be	AUX
iiclr-17574	248	8	on	on	ADP
iiclr-17574	248	9	deposit	deposit	NOUN
iiclr-17574	248	10	at	at	ADP
iiclr-17574	248	11	banks	bank	NOUN
iiclr-17574	248	12	.	.	PUNCT
iiclr-17574	249	1	lappen	lappen	PROPN
iiclr-17574	249	2	,	,	PUNCT
iiclr-17574	249	3	supra	supra	PROPN
iiclr-17574	249	4	note	note	NOUN
iiclr-17574	249	5	5	5	NUM
iiclr-17574	249	6	.	.	SYM
iiclr-17574	249	7	61	61	NUM
iiclr-17574	249	8	.	.	PUNCT
iiclr-17574	250	1	j.	j.	PROPN
iiclr-17574	250	2	christopher	christopher	PROPN
iiclr-17574	250	3	svare	svare	PROPN
iiclr-17574	250	4	,	,	PUNCT
iiclr-17574	250	5	mutual	mutual	ADJ
iiclr-17574	250	6	fund	fund	NOUN
iiclr-17574	250	7	rules	rule	NOUN
iiclr-17574	250	8	and	and	CCONJ
iiclr-17574	250	9	options	option	NOUN
iiclr-17574	250	10	,	,	PUNCT
iiclr-17574	250	11	the	the	DET
iiclr-17574	250	12	mag	mag	NOUN
iiclr-17574	250	13	.	.	PUNCT
iiclr-17574	250	14	of	of	ADP
iiclr-17574	250	15	bank	bank	PROPN
iiclr-17574	250	16	mgmt	mgmt	PROPN
iiclr-17574	250	17	.	.	PROPN
iiclr-17574	250	18	,	,	PUNCT
iiclr-17574	250	19	sept	sept	PROPN
iiclr-17574	250	20	.	.	PROPN
iiclr-17574	250	21	1972	1972	NUM
iiclr-17574	250	22	,	,	PUNCT
iiclr-17574	250	23	at	at	ADP
iiclr-17574	250	24	71	71	NUM
iiclr-17574	250	25	,	,	PUNCT
iiclr-17574	250	26	71	71	NUM
iiclr-17574	250	27	.	.	PUNCT
iiclr-17574	250	28	62	62	NUM
iiclr-17574	250	29	.	.	PUNCT
iiclr-17574	251	1	john	john	PROPN
iiclr-17574	251	2	waggoner	waggoner	PROPN
iiclr-17574	251	3	,	,	PUNCT
iiclr-17574	251	4	giant	giant	ADJ
iiclr-17574	251	5	banks	bank	NOUN
iiclr-17574	251	6	step	step	VERB
iiclr-17574	251	7	into	into	ADP
iiclr-17574	251	8	funds	fund	NOUN
iiclr-17574	251	9	;	;	PUNCT
iiclr-17574	251	10	for	for	ADP
iiclr-17574	251	11	many	many	ADJ
iiclr-17574	251	12	,	,	PUNCT
iiclr-17574	251	13	attraction	attraction	NOUN
iiclr-17574	251	14	is	be	AUX
iiclr-17574	251	15	mutual	mutual	ADJ
iiclr-17574	251	16	,	,	PUNCT
iiclr-17574	251	17	usa	usa	PROPN
iiclr-17574	251	18	today	today	NOUN
iiclr-17574	251	19	,	,	PUNCT
iiclr-17574	251	20	sept	sept	PROPN
iiclr-17574	251	21	.	.	PROPN
iiclr-17574	251	22	30	30	NUM
iiclr-17574	251	23	,	,	PUNCT
iiclr-17574	251	24	1993	1993	NUM
iiclr-17574	251	25	,	,	PUNCT
iiclr-17574	251	26	at	at	ADP
iiclr-17574	251	27	lb	lb	NUM
iiclr-17574	251	28	.	.	PROPN
iiclr-17574	251	29	63	63	NUM
iiclr-17574	251	30	.	.	PUNCT
iiclr-17574	252	1	leslie	leslie	PROPN
iiclr-17574	252	2	wayne	wayne	PROPN
iiclr-17574	252	3	,	,	PUNCT
iiclr-17574	252	4	concern	concern	NOUN
iiclr-17574	252	5	over	over	ADP
iiclr-17574	252	6	bank	bank	NOUN
iiclr-17574	252	7	sales	sale	NOUN
iiclr-17574	252	8	of	of	ADP
iiclr-17574	252	9	funds	fund	NOUN
iiclr-17574	252	10	,	,	PUNCT
iiclr-17574	252	11	n.y	n.y	PROPN
iiclr-17574	252	12	.	.	PROPN
iiclr-17574	252	13	times	times	PROPN
iiclr-17574	252	14	,	,	PUNCT
iiclr-17574	252	15	dec	dec	PROPN
iiclr-17574	252	16	.	.	PROPN
iiclr-17574	252	17	31	31	NUM
iiclr-17574	252	18	,	,	PUNCT
iiclr-17574	252	19	1992	1992	NUM
iiclr-17574	252	20	,	,	PUNCT
iiclr-17574	252	21	at	at	ADP
iiclr-17574	252	22	1995	1995	NUM
iiclr-17574	252	23	]	]	X
iiclr-17574	252	24	ind	ind	NOUN
iiclr-17574	252	25	.	.	PUNCT
iiclr-17574	253	1	int'l	int'l	PROPN
iiclr-17574	253	2	&	&	CCONJ
iiclr-17574	253	3	comp	comp	PROPN
iiclr-17574	253	4	.	.	PUNCT
iiclr-17574	254	1	l.	l.	PROPN
iiclr-17574	254	2	rev	rev	PROPN
iiclr-17574	254	3	.	.	PROPN
iiclr-17574	255	1	for	for	ADP
iiclr-17574	255	2	commercial	commercial	ADJ
iiclr-17574	255	3	bank	bank	NOUN
iiclr-17574	255	4	deposits	deposit	NOUN
iiclr-17574	255	5	by	by	ADP
iiclr-17574	255	6	introducing	introduce	VERB
iiclr-17574	255	7	money	money	NOUN
iiclr-17574	255	8	market	market	NOUN
iiclr-17574	255	9	funds	fund	NOUN
iiclr-17574	255	10	.	.	PUNCT
iiclr-17574	256	1	although	although	SCONJ
iiclr-17574	256	2	commercial	commercial	ADJ
iiclr-17574	256	3	banks	bank	NOUN
iiclr-17574	256	4	already	already	ADV
iiclr-17574	256	5	had	have	AUX
iiclr-17574	256	6	begun	begin	VERB
iiclr-17574	256	7	to	to	PART
iiclr-17574	256	8	sell	sell	VERB
iiclr-17574	256	9	non	non	ADJ
iiclr-17574	256	10	-	-	ADJ
iiclr-17574	256	11	deposit	deposit	ADJ
iiclr-17574	256	12	investment	investment	NOUN
iiclr-17574	256	13	products	product	NOUN
iiclr-17574	256	14	,	,	PUNCT
iiclr-17574	256	15	the	the	DET
iiclr-17574	256	16	new	new	ADJ
iiclr-17574	256	17	competition	competition	NOUN
iiclr-17574	256	18	for	for	ADP
iiclr-17574	256	19	money	money	NOUN
iiclr-17574	256	20	that	that	PRON
iiclr-17574	256	21	formerly	formerly	ADV
iiclr-17574	256	22	had	have	AUX
iiclr-17574	256	23	been	be	AUX
iiclr-17574	256	24	dependable	dependable	ADJ
iiclr-17574	256	25	as	as	SCONJ
iiclr-17574	256	26	deposits	deposit	NOUN
iiclr-17574	256	27	led	lead	VERB
iiclr-17574	256	28	those	those	DET
iiclr-17574	256	29	banks	bank	NOUN
iiclr-17574	256	30	to	to	PART
iiclr-17574	256	31	petition	petition	VERB
iiclr-17574	256	32	federal	federal	ADJ
iiclr-17574	256	33	regulators	regulator	NOUN
iiclr-17574	256	34	for	for	ADP
iiclr-17574	256	35	permission	permission	NOUN
iiclr-17574	256	36	to	to	PART
iiclr-17574	256	37	engage	engage	VERB
iiclr-17574	256	38	in	in	ADP
iiclr-17574	256	39	nontraditional	nontraditional	ADJ
iiclr-17574	256	40	banking	banking	NOUN
iiclr-17574	256	41	activities	activity	NOUN
iiclr-17574	256	42	not	not	PART
iiclr-17574	256	43	explicitly	explicitly	ADV
iiclr-17574	256	44	proscribed	proscribe	VERB
iiclr-17574	256	45	by	by	ADP
iiclr-17574	256	46	glass	glass	NOUN
iiclr-17574	256	47	-	-	PUNCT
iiclr-17574	256	48	steagall	steagall	NOUN
iiclr-17574	256	49	.	.	PUNCT
iiclr-17574	256	50	"	"	PUNCT
iiclr-17574	257	1	extensive	extensive	ADJ
iiclr-17574	257	2	litigation	litigation	NOUN
iiclr-17574	257	3	resulted	result	VERB
iiclr-17574	257	4	as	as	SCONJ
iiclr-17574	257	5	representatives	representative	NOUN
iiclr-17574	257	6	from	from	ADP
iiclr-17574	257	7	commercial	commercial	ADJ
iiclr-17574	257	8	banks	bank	NOUN
iiclr-17574	257	9	and	and	CCONJ
iiclr-17574	257	10	securities	security	NOUN
iiclr-17574	257	11	firms	firm	NOUN
iiclr-17574	257	12	appealed	appeal	VERB
iiclr-17574	257	13	to	to	ADP
iiclr-17574	257	14	the	the	DET
iiclr-17574	257	15	courts	court	NOUN
iiclr-17574	257	16	to	to	PART
iiclr-17574	257	17	protect	protect	VERB
iiclr-17574	257	18	their	their	PRON
iiclr-17574	257	19	interests	interest	NOUN
iiclr-17574	257	20	.	.	PUNCT
iiclr-17574	258	1	65	65	NUM
iiclr-17574	258	2	the	the	DET
iiclr-17574	258	3	genesis	genesis	NOUN
iiclr-17574	258	4	of	of	ADP
iiclr-17574	258	5	commercial	commercial	ADJ
iiclr-17574	258	6	bank	bank	NOUN
iiclr-17574	258	7	entry	entry	NOUN
iiclr-17574	258	8	into	into	ADP
iiclr-17574	258	9	the	the	DET
iiclr-17574	258	10	mutual	mutual	ADJ
iiclr-17574	258	11	fund	fund	NOUN
iiclr-17574	258	12	business	business	NOUN
iiclr-17574	258	13	can	can	AUX
iiclr-17574	258	14	be	be	AUX
iiclr-17574	258	15	traced	trace	VERB
iiclr-17574	258	16	to	to	ADP
iiclr-17574	258	17	1966	1966	NUM
iiclr-17574	258	18	.	.	PUNCT
iiclr-17574	259	1	citibank	citibank	PROPN
iiclr-17574	259	2	established	establish	VERB
iiclr-17574	259	3	a	a	DET
iiclr-17574	259	4	common	common	ADJ
iiclr-17574	259	5	trust	trust	NOUN
iiclr-17574	259	6	fund	fund	NOUN
iiclr-17574	259	7	for	for	ADP
iiclr-17574	259	8	the	the	DET
iiclr-17574	259	9	purpose	purpose	NOUN
iiclr-17574	259	10	of	of	ADP
iiclr-17574	259	11	managing	manage	VERB
iiclr-17574	259	12	agency	agency	NOUN
iiclr-17574	259	13	accounts	account	NOUN
iiclr-17574	259	14	and	and	CCONJ
iiclr-17574	259	15	registered	register	VERB
iiclr-17574	259	16	it	it	PRON
iiclr-17574	259	17	as	as	ADP
iiclr-17574	259	18	an	an	DET
iiclr-17574	259	19	investment	investment	NOUN
iiclr-17574	259	20	company	company	NOUN
iiclr-17574	259	21	with	with	ADP
iiclr-17574	259	22	the	the	DET
iiclr-17574	259	23	sec.66	sec.66	NOUN
iiclr-17574	259	24	in	in	ADP
iiclr-17574	259	25	1971	1971	NUM
iiclr-17574	259	26	,	,	PUNCT
iiclr-17574	259	27	the	the	DET
iiclr-17574	259	28	supreme	supreme	PROPN
iiclr-17574	259	29	court	court	PROPN
iiclr-17574	259	30	held	hold	VERB
iiclr-17574	259	31	that	that	SCONJ
iiclr-17574	259	32	citibank	citibank	PROPN
iiclr-17574	259	33	's	's	PART
iiclr-17574	259	34	management	management	NOUN
iiclr-17574	259	35	of	of	ADP
iiclr-17574	259	36	the	the	DET
iiclr-17574	259	37	common	common	ADJ
iiclr-17574	259	38	trust	trust	NOUN
iiclr-17574	259	39	fund	fund	NOUN
iiclr-17574	259	40	/	/	SYM
iiclr-17574	259	41	investment	investment	NOUN
iiclr-17574	259	42	company	company	NOUN
iiclr-17574	259	43	violated	violate	VERB
iiclr-17574	259	44	the	the	DET
iiclr-17574	259	45	glass	glass	NOUN
iiclr-17574	259	46	-	-	PUNCT
iiclr-17574	259	47	steagall	steagall	NOUN
iiclr-17574	259	48	act.67	act.67	NOUN
iiclr-17574	259	49	also	also	ADV
iiclr-17574	259	50	in	in	ADP
iiclr-17574	259	51	1971	1971	NUM
iiclr-17574	259	52	,	,	PUNCT
iiclr-17574	259	53	the	the	DET
iiclr-17574	259	54	board	board	NOUN
iiclr-17574	259	55	of	of	ADP
iiclr-17574	259	56	governors	governor	NOUN
iiclr-17574	259	57	of	of	ADP
iiclr-17574	259	58	the	the	DET
iiclr-17574	259	59	federal	federal	PROPN
iiclr-17574	259	60	reserve	reserve	PROPN
iiclr-17574	259	61	(	(	PUNCT
iiclr-17574	259	62	board	board	NOUN
iiclr-17574	259	63	)	)	PUNCT
iiclr-17574	259	64	ruled	rule	VERB
iiclr-17574	259	65	that	that	SCONJ
iiclr-17574	259	66	a	a	DET
iiclr-17574	259	67	bank	bank	NOUN
iiclr-17574	259	68	holding	hold	VERB
iiclr-17574	259	69	company	company	NOUN
iiclr-17574	259	70	's	's	PART
iiclr-17574	259	71	management	management	NOUN
iiclr-17574	259	72	of	of	ADP
iiclr-17574	259	73	a	a	DET
iiclr-17574	259	74	mutual	mutual	ADJ
iiclr-17574	259	75	fund	fund	NOUN
iiclr-17574	259	76	violated	violate	VERB
iiclr-17574	259	77	section	section	NOUN
iiclr-17574	259	78	20	20	NUM
iiclr-17574	259	79	of	of	ADP
iiclr-17574	259	80	the	the	DET
iiclr-17574	259	81	gsa.68	gsa.68	NOUN
iiclr-17574	259	82	nonetheless	nonetheless	ADV
iiclr-17574	259	83	,	,	PUNCT
iiclr-17574	259	84	banks	bank	NOUN
iiclr-17574	259	85	were	be	AUX
iiclr-17574	259	86	not	not	PART
iiclr-17574	259	87	completely	completely	ADV
iiclr-17574	259	88	foreclosed	foreclose	VERB
iiclr-17574	259	89	from	from	ADP
iiclr-17574	259	90	entering	enter	VERB
iiclr-17574	259	91	the	the	DET
iiclr-17574	259	92	mutual	mutual	ADJ
iiclr-17574	259	93	fund	fund	NOUN
iiclr-17574	259	94	business	business	NOUN
iiclr-17574	259	95	.	.	PUNCT
iiclr-17574	260	1	in	in	ADP
iiclr-17574	260	2	1972	1972	NUM
iiclr-17574	260	3	,	,	PUNCT
iiclr-17574	260	4	the	the	DET
iiclr-17574	260	5	board	board	NOUN
iiclr-17574	260	6	amended	amend	VERB
iiclr-17574	260	7	section	section	NOUN
iiclr-17574	260	8	225.4(a	225.4(a	PROPN
iiclr-17574	260	9	)	)	PUNCT
iiclr-17574	260	10	of	of	ADP
iiclr-17574	260	11	regulation	regulation	NOUN
iiclr-17574	260	12	y.	y.	PROPN
iiclr-17574	260	13	under	under	ADP
iiclr-17574	260	14	amended	amend	VERB
iiclr-17574	260	15	section	section	NOUN
iiclr-17574	260	16	225.4(a)(5	225.4(a)(5	NUM
iiclr-17574	260	17	)	)	PUNCT
iiclr-17574	260	18	,	,	PUNCT
iiclr-17574	260	19	bank	bank	NOUN
iiclr-17574	260	20	holding	hold	VERB
iiclr-17574	260	21	companies	company	NOUN
iiclr-17574	260	22	69	69	NUM
iiclr-17574	260	23	were	be	AUX
iiclr-17574	260	24	permitted	permit	VERB
iiclr-17574	260	25	,	,	PUNCT
iiclr-17574	260	26	in	in	ADP
iiclr-17574	260	27	accordance	accordance	NOUN
iiclr-17574	260	28	with	with	ADP
iiclr-17574	260	29	section	section	NOUN
iiclr-17574	260	30	225.4(b	225.4(b	NUM
iiclr-17574	260	31	)	)	PUNCT
iiclr-17574	260	32	,	,	PUNCT
iiclr-17574	260	33	to	to	PART
iiclr-17574	260	34	furnish	furnish	VERB
iiclr-17574	260	35	investment	investment	NOUN
iiclr-17574	260	36	advice	advice	NOUN
iiclr-17574	260	37	to	to	ADP
iiclr-17574	260	38	an	an	DET
iiclr-17574	260	39	open	open	ADJ
iiclr-17574	260	40	-	-	PUNCT
iiclr-17574	260	41	end	end	NOUN
iiclr-17574	260	42	investment	investment	NOUN
iiclr-17574	260	43	company.7	company.7	NOUN
iiclr-17574	260	44	"	"	PUNCT
iiclr-17574	260	45	this	this	DET
iiclr-17574	260	46	amended	amend	VERB
iiclr-17574	260	47	provision	provision	NOUN
iiclr-17574	260	48	also	also	ADV
iiclr-17574	260	49	64	64	NUM
iiclr-17574	260	50	.	.	PUNCT
iiclr-17574	261	1	see	see	VERB
iiclr-17574	261	2	edward	edward	PROPN
iiclr-17574	261	3	j.	j.	PROPN
iiclr-17574	261	4	markey	markey	PROPN
iiclr-17574	261	5	,	,	PUNCT
iiclr-17574	261	6	why	why	SCONJ
iiclr-17574	261	7	congress	congress	PROPN
iiclr-17574	261	8	must	must	AUX
iiclr-17574	261	9	amend	amend	VERB
iiclr-17574	261	10	glass	glass	NOUN
iiclr-17574	261	11	-	-	PUNCT
iiclr-17574	261	12	steagall	steagall	NOUN
iiclr-17574	261	13	:	:	PUNCT
iiclr-17574	261	14	recent	recent	ADJ
iiclr-17574	261	15	trends	trend	NOUN
iiclr-17574	261	16	in	in	ADP
iiclr-17574	261	17	breaching	breach	VERB
iiclr-17574	261	18	the	the	DET
iiclr-17574	261	19	wall	wall	NOUN
iiclr-17574	261	20	separating	separate	VERB
iiclr-17574	261	21	commercial	commercial	ADJ
iiclr-17574	261	22	and	and	CCONJ
iiclr-17574	261	23	investment	investment	NOUN
iiclr-17574	261	24	banking	banking	NOUN
iiclr-17574	261	25	,	,	PUNCT
iiclr-17574	261	26	25	25	NUM
iiclr-17574	261	27	new	new	ADJ
iiclr-17574	261	28	eng	eng	PROPN
iiclr-17574	261	29	.	.	PUNCT
iiclr-17574	261	30	l.	l.	PROPN
iiclr-17574	261	31	rev	rev	PROPN
iiclr-17574	261	32	.	.	PROPN
iiclr-17574	261	33	457	457	NUM
iiclr-17574	261	34	,	,	PUNCT
iiclr-17574	261	35	467	467	NUM
iiclr-17574	261	36	(	(	PUNCT
iiclr-17574	261	37	1990	1990	NUM
iiclr-17574	261	38	)	)	PUNCT
iiclr-17574	261	39	;	;	PUNCT
iiclr-17574	262	1	thomas	thomas	PROPN
iiclr-17574	262	2	g.	g.	PROPN
iiclr-17574	262	3	fischer	fischer	PROPN
iiclr-17574	262	4	et	et	PROPN
iiclr-17574	262	5	al	al	PROPN
iiclr-17574	262	6	.	.	PROPN
iiclr-17574	262	7	,	,	PUNCT
iiclr-17574	262	8	the	the	DET
iiclr-17574	262	9	securities	security	NOUN
iiclr-17574	262	10	activities	activity	NOUN
iiclr-17574	262	11	of	of	ADP
iiclr-17574	262	12	commercial	commercial	ADJ
iiclr-17574	262	13	banks	bank	NOUN
iiclr-17574	262	14	:	:	PUNCT
iiclr-17574	262	15	a	a	DET
iiclr-17574	262	16	legal	legal	ADJ
iiclr-17574	262	17	and	and	CCONJ
iiclr-17574	262	18	economic	economic	ADJ
iiclr-17574	262	19	analysis	analysis	NOUN
iiclr-17574	262	20	,	,	PUNCT
iiclr-17574	262	21	51	51	NUM
iiclr-17574	262	22	tenn	tenn	PROPN
iiclr-17574	262	23	.	.	PUNCT
iiclr-17574	262	24	l.	l.	PROPN
iiclr-17574	262	25	rev	rev	PROPN
iiclr-17574	262	26	.	.	PROPN
iiclr-17574	262	27	467	467	NUM
iiclr-17574	262	28	,	,	PUNCT
iiclr-17574	262	29	470	470	NUM
iiclr-17574	262	30	-	-	SYM
iiclr-17574	262	31	71	71	NUM
iiclr-17574	262	32	(	(	PUNCT
iiclr-17574	262	33	1984	1984	NUM
iiclr-17574	262	34	)	)	PUNCT
iiclr-17574	262	35	.	.	PUNCT
iiclr-17574	263	1	65	65	NUM
iiclr-17574	263	2	.	.	PUNCT
iiclr-17574	264	1	see	see	VERB
iiclr-17574	264	2	bd	bd	PROPN
iiclr-17574	264	3	.	.	PROPN
iiclr-17574	264	4	of	of	ADP
iiclr-17574	264	5	governors	governor	NOUN
iiclr-17574	264	6	v.	v.	ADP
iiclr-17574	264	7	inv	inv	PROPN
iiclr-17574	264	8	.	.	PUNCT
iiclr-17574	264	9	co.	co.	PROPN
iiclr-17574	264	10	inst	inst	PROPN
iiclr-17574	264	11	.	.	PROPN
iiclr-17574	264	12	,	,	PUNCT
iiclr-17574	264	13	450	450	NUM
iiclr-17574	264	14	u.s	u.s	PROPN
iiclr-17574	264	15	.	.	PROPN
iiclr-17574	264	16	46	46	NUM
iiclr-17574	264	17	(	(	PUNCT
iiclr-17574	264	18	1981	1981	NUM
iiclr-17574	264	19	)	)	PUNCT
iiclr-17574	264	20	(	(	PUNCT
iiclr-17574	264	21	upholding	uphold	VERB
iiclr-17574	264	22	federal	federal	PROPN
iiclr-17574	264	23	reserve	reserve	PROPN
iiclr-17574	264	24	board	board	PROPN
iiclr-17574	264	25	's	's	PART
iiclr-17574	264	26	amendment	amendment	NOUN
iiclr-17574	264	27	of	of	ADP
iiclr-17574	264	28	regulation	regulation	NOUN
iiclr-17574	264	29	y	y	PROPN
iiclr-17574	264	30	to	to	PART
iiclr-17574	264	31	permit	permit	VERB
iiclr-17574	264	32	affiliates	affiliate	NOUN
iiclr-17574	264	33	of	of	ADP
iiclr-17574	264	34	commercial	commercial	ADJ
iiclr-17574	264	35	banks	bank	NOUN
iiclr-17574	264	36	to	to	PART
iiclr-17574	264	37	act	act	VERB
iiclr-17574	264	38	as	as	ADP
iiclr-17574	264	39	advisers	adviser	NOUN
iiclr-17574	264	40	to	to	PART
iiclr-17574	264	41	closed	close	VERB
iiclr-17574	264	42	-	-	PUNCT
iiclr-17574	264	43	end	end	NOUN
iiclr-17574	264	44	investment	investment	NOUN
iiclr-17574	264	45	companies	company	NOUN
iiclr-17574	264	46	)	)	PUNCT
iiclr-17574	264	47	;	;	PUNCT
iiclr-17574	264	48	sec	sec	PROPN
iiclr-17574	264	49	.	.	PROPN
iiclr-17574	264	50	indus	indus	PROPN
iiclr-17574	264	51	.	.	PUNCT
iiclr-17574	265	1	ass'n	ass'n	PROPN
iiclr-17574	265	2	v.	v.	PROPN
iiclr-17574	265	3	bd	bd	PROPN
iiclr-17574	265	4	.	.	PROPN
iiclr-17574	265	5	of	of	ADP
iiclr-17574	265	6	governors	governor	NOUN
iiclr-17574	265	7	,	,	PUNCT
iiclr-17574	265	8	468	468	NUM
iiclr-17574	265	9	u.s	u.s	PROPN
iiclr-17574	265	10	.	.	PROPN
iiclr-17574	265	11	207	207	NUM
iiclr-17574	265	12	(	(	PUNCT
iiclr-17574	265	13	1984	1984	NUM
iiclr-17574	265	14	)	)	PUNCT
iiclr-17574	265	15	(	(	PUNCT
iiclr-17574	265	16	upholding	uphold	VERB
iiclr-17574	265	17	board	board	NOUN
iiclr-17574	265	18	approval	approval	NOUN
iiclr-17574	265	19	of	of	ADP
iiclr-17574	265	20	bank	bank	PROPN
iiclr-17574	265	21	of	of	ADP
iiclr-17574	265	22	america	america	PROPN
iiclr-17574	265	23	's	's	PART
iiclr-17574	265	24	purchase	purchase	NOUN
iiclr-17574	265	25	of	of	ADP
iiclr-17574	265	26	charles	charles	PROPN
iiclr-17574	265	27	schwab	schwab	PROPN
iiclr-17574	265	28	on	on	ADP
iiclr-17574	265	29	grounds	ground	NOUN
iiclr-17574	265	30	the	the	DET
iiclr-17574	265	31	gsa	gsa	PROPN
iiclr-17574	265	32	was	be	AUX
iiclr-17574	265	33	not	not	PART
iiclr-17574	265	34	violated	violate	VERB
iiclr-17574	265	35	because	because	SCONJ
iiclr-17574	265	36	the	the	DET
iiclr-17574	265	37	bank	bank	NOUN
iiclr-17574	265	38	's	's	PART
iiclr-17574	265	39	affiliate	affiliate	NOUN
iiclr-17574	265	40	engaged	engage	VERB
iiclr-17574	265	41	in	in	ADP
iiclr-17574	265	42	the	the	DET
iiclr-17574	265	43	purchase	purchase	NOUN
iiclr-17574	265	44	and	and	CCONJ
iiclr-17574	265	45	sale	sale	NOUN
iiclr-17574	265	46	of	of	ADP
iiclr-17574	265	47	securities	security	NOUN
iiclr-17574	265	48	"	"	PUNCT
iiclr-17574	265	49	for	for	ADP
iiclr-17574	265	50	the	the	DET
iiclr-17574	265	51	account	account	NOUN
iiclr-17574	265	52	of	of	ADP
iiclr-17574	265	53	customers	customer	NOUN
iiclr-17574	265	54	"	"	PUNCT
iiclr-17574	265	55	as	as	SCONJ
iiclr-17574	265	56	permitted	permit	VERB
iiclr-17574	265	57	by	by	ADP
iiclr-17574	265	58	section	section	NOUN
iiclr-17574	265	59	16	16	NUM
iiclr-17574	265	60	of	of	ADP
iiclr-17574	265	61	gsa	gsa	PROPN
iiclr-17574	265	62	)	)	PUNCT
iiclr-17574	265	63	;	;	PUNCT
iiclr-17574	265	64	sec	sec	PROPN
iiclr-17574	265	65	.	.	PROPN
iiclr-17574	265	66	indus	indus	PROPN
iiclr-17574	265	67	.	.	PUNCT
iiclr-17574	266	1	ass'n	ass'n	PROPN
iiclr-17574	266	2	v.	v.	PROPN
iiclr-17574	266	3	bd	bd	PROPN
iiclr-17574	266	4	.	.	PROPN
iiclr-17574	266	5	of	of	ADP
iiclr-17574	266	6	governors	governor	NOUN
iiclr-17574	266	7	,	,	PUNCT
iiclr-17574	266	8	807	807	NUM
iiclr-17574	266	9	f.2d	f.2d	NOUN
iiclr-17574	266	10	1052	1052	NUM
iiclr-17574	266	11	(	(	PUNCT
iiclr-17574	266	12	d.c	d.c	PROPN
iiclr-17574	266	13	.	.	PROPN
iiclr-17574	266	14	cir	cir	PROPN
iiclr-17574	266	15	.	.	PROPN
iiclr-17574	266	16	1986	1986	NUM
iiclr-17574	266	17	)	)	PUNCT
iiclr-17574	266	18	,	,	PUNCT
iiclr-17574	266	19	cert	cert	PROPN
iiclr-17574	266	20	.	.	PUNCT
iiclr-17574	267	1	denied	deny	VERB
iiclr-17574	267	2	,	,	PUNCT
iiclr-17574	267	3	483	483	NUM
iiclr-17574	267	4	u.s	u.s	PROPN
iiclr-17574	267	5	.	.	PROPN
iiclr-17574	267	6	1005	1005	NUM
iiclr-17574	267	7	(	(	PUNCT
iiclr-17574	267	8	1987	1987	NUM
iiclr-17574	267	9	)	)	PUNCT
iiclr-17574	267	10	(	(	PUNCT
iiclr-17574	267	11	ruling	rule	VERB
iiclr-17574	267	12	that	that	SCONJ
iiclr-17574	267	13	commercial	commercial	ADJ
iiclr-17574	267	14	paper	paper	NOUN
iiclr-17574	267	15	could	could	AUX
iiclr-17574	267	16	be	be	AUX
iiclr-17574	267	17	placed	place	VERB
iiclr-17574	267	18	by	by	ADP
iiclr-17574	267	19	a	a	DET
iiclr-17574	267	20	commercial	commercial	ADJ
iiclr-17574	267	21	bank	bank	NOUN
iiclr-17574	267	22	because	because	SCONJ
iiclr-17574	267	23	a	a	DET
iiclr-17574	267	24	private	private	ADJ
iiclr-17574	267	25	placement	placement	NOUN
iiclr-17574	267	26	is	be	AUX
iiclr-17574	267	27	not	not	PART
iiclr-17574	267	28	the	the	DET
iiclr-17574	267	29	same	same	ADJ
iiclr-17574	267	30	as	as	ADP
iiclr-17574	267	31	an	an	DET
iiclr-17574	267	32	underwriting	underwriting	NOUN
iiclr-17574	267	33	,	,	PUNCT
iiclr-17574	267	34	and	and	CCONJ
iiclr-17574	267	35	is	be	AUX
iiclr-17574	267	36	therefore	therefore	ADV
iiclr-17574	267	37	not	not	PART
iiclr-17574	267	38	the	the	DET
iiclr-17574	267	39	same	same	ADJ
iiclr-17574	267	40	as	as	ADP
iiclr-17574	267	41	an	an	DET
iiclr-17574	267	42	underwriting	underwriting	NOUN
iiclr-17574	267	43	which	which	PRON
iiclr-17574	267	44	is	be	AUX
iiclr-17574	267	45	considered	consider	VERB
iiclr-17574	267	46	a	a	DET
iiclr-17574	267	47	public	public	ADJ
iiclr-17574	267	48	offering	offering	NOUN
iiclr-17574	267	49	proscribed	proscribe	VERB
iiclr-17574	267	50	by	by	ADP
iiclr-17574	267	51	section	section	NOUN
iiclr-17574	267	52	16	16	NUM
iiclr-17574	267	53	of	of	ADP
iiclr-17574	267	54	gsa	gsa	PROPN
iiclr-17574	267	55	)	)	PUNCT
iiclr-17574	267	56	.	.	PUNCT
iiclr-17574	268	1	66	66	NUM
iiclr-17574	268	2	.	.	PUNCT
iiclr-17574	269	1	in	in	ADP
iiclr-17574	269	2	the	the	DET
iiclr-17574	269	3	matter	matter	NOUN
iiclr-17574	269	4	of	of	ADP
iiclr-17574	269	5	first	first	ADJ
iiclr-17574	269	6	nat'l	nat'l	PROPN
iiclr-17574	269	7	city	city	PROPN
iiclr-17574	269	8	bank	bank	PROPN
iiclr-17574	269	9	(	(	PUNCT
iiclr-17574	269	10	commingled	commingle	VERB
iiclr-17574	269	11	investment	investment	NOUN
iiclr-17574	269	12	account	account	NOUN
iiclr-17574	269	13	)	)	PUNCT
iiclr-17574	269	14	,	,	PUNCT
iiclr-17574	269	15	investment	investment	NOUN
iiclr-17574	269	16	company	company	NOUN
iiclr-17574	269	17	act	act	NOUN
iiclr-17574	269	18	of	of	ADP
iiclr-17574	269	19	1940	1940	NUM
iiclr-17574	269	20	,	,	PUNCT
iiclr-17574	269	21	exchange	exchange	NOUN
iiclr-17574	269	22	release	release	NOUN
iiclr-17574	269	23	no	no	INTJ
iiclr-17574	269	24	.	.	PUNCT
iiclr-17574	270	1	ic-4538	ic-4538	PROPN
iiclr-17574	270	2	,	,	PUNCT
iiclr-17574	270	3	42	42	NUM
iiclr-17574	270	4	sec	sec	PROPN
iiclr-17574	270	5	924	924	NUM
iiclr-17574	270	6	(	(	PUNCT
iiclr-17574	270	7	oct	oct	PROPN
iiclr-17574	270	8	.	.	PROPN
iiclr-17574	270	9	5	5	NUM
iiclr-17574	270	10	,	,	PUNCT
iiclr-17574	270	11	1966	1966	NUM
iiclr-17574	270	12	)	)	PUNCT
iiclr-17574	270	13	.	.	PUNCT
iiclr-17574	271	1	67	67	NUM
iiclr-17574	271	2	.	.	PUNCT
iiclr-17574	272	1	inv	inv	PROPN
iiclr-17574	272	2	.	.	PUNCT
iiclr-17574	272	3	co.	co.	PROPN
iiclr-17574	272	4	inst	inst	PROPN
iiclr-17574	272	5	.	.	PUNCT
iiclr-17574	273	1	v.	v.	ADP
iiclr-17574	273	2	camp	camp	NOUN
iiclr-17574	273	3	,	,	PUNCT
iiclr-17574	273	4	401	401	NUM
iiclr-17574	273	5	u.s	u.s	PROPN
iiclr-17574	273	6	.	.	PROPN
iiclr-17574	273	7	617	617	NUM
iiclr-17574	273	8	(	(	PUNCT
iiclr-17574	273	9	1971	1971	NUM
iiclr-17574	273	10	)	)	PUNCT
iiclr-17574	273	11	.	.	PUNCT
iiclr-17574	274	1	this	this	DET
iiclr-17574	274	2	decision	decision	NOUN
iiclr-17574	274	3	came	come	VERB
iiclr-17574	274	4	in	in	ADP
iiclr-17574	274	5	the	the	DET
iiclr-17574	274	6	wake	wake	NOUN
iiclr-17574	274	7	of	of	ADP
iiclr-17574	274	8	1970	1970	NUM
iiclr-17574	274	9	amendments	amendment	NOUN
iiclr-17574	274	10	to	to	ADP
iiclr-17574	274	11	the	the	DET
iiclr-17574	274	12	1933	1933	NUM
iiclr-17574	274	13	and	and	CCONJ
iiclr-17574	274	14	1934	1934	NUM
iiclr-17574	274	15	securities	security	NOUN
iiclr-17574	274	16	acts	act	NOUN
iiclr-17574	274	17	,	,	PUNCT
iiclr-17574	274	18	which	which	PRON
iiclr-17574	274	19	provided	provide	VERB
iiclr-17574	274	20	express	express	ADJ
iiclr-17574	274	21	exemptions	exemption	NOUN
iiclr-17574	274	22	to	to	ADP
iiclr-17574	274	23	registration	registration	NOUN
iiclr-17574	274	24	for	for	ADP
iiclr-17574	274	25	bank	bank	NOUN
iiclr-17574	274	26	common	common	ADJ
iiclr-17574	274	27	trust	trust	NOUN
iiclr-17574	274	28	funds	fund	NOUN
iiclr-17574	274	29	.	.	PUNCT
iiclr-17574	275	1	68	68	NUM
iiclr-17574	275	2	.	.	PUNCT
iiclr-17574	275	3	board	board	NOUN
iiclr-17574	275	4	rulings	ruling	NOUN
iiclr-17574	275	5	and	and	CCONJ
iiclr-17574	275	6	staff	staff	NOUN
iiclr-17574	275	7	opinions	opinion	NOUN
iiclr-17574	275	8	interpreting	interpret	VERB
iiclr-17574	275	9	regulation	regulation	NOUN
iiclr-17574	275	10	y	y	NOUN
iiclr-17574	275	11	:	:	PUNCT
iiclr-17574	275	12	acquisition	acquisition	NOUN
iiclr-17574	275	13	of	of	ADP
iiclr-17574	275	14	bank	bank	NOUN
iiclr-17574	275	15	interests	interest	NOUN
iiclr-17574	275	16	,	,	PUNCT
iiclr-17574	275	17	f.r.r.s	f.r.r.s	PROPN
iiclr-17574	275	18	.	.	PROPN
iiclr-17574	275	19	4	4	NUM
iiclr-17574	275	20	-	-	SYM
iiclr-17574	275	21	270.3	270.3	NUM
iiclr-17574	275	22	(	(	PUNCT
iiclr-17574	275	23	mar	mar	PROPN
iiclr-17574	275	24	.	.	PROPN
iiclr-17574	275	25	1994	1994	NUM
iiclr-17574	275	26	)	)	PUNCT
iiclr-17574	275	27	.	.	PUNCT
iiclr-17574	276	1	69	69	NUM
iiclr-17574	276	2	.	.	PUNCT
iiclr-17574	277	1	the	the	DET
iiclr-17574	277	2	term	term	NOUN
iiclr-17574	277	3	includes	include	VERB
iiclr-17574	277	4	both	both	CCONJ
iiclr-17574	277	5	their	their	PRON
iiclr-17574	277	6	bank	bank	NOUN
iiclr-17574	277	7	and	and	CCONJ
iiclr-17574	277	8	non	non	ADJ
iiclr-17574	277	9	-	-	ADJ
iiclr-17574	277	10	bank	bank	ADJ
iiclr-17574	277	11	subsidiaries	subsidiary	NOUN
iiclr-17574	277	12	.	.	PUNCT
iiclr-17574	278	1	70	70	NUM
iiclr-17574	278	2	.	.	PUNCT
iiclr-17574	279	1	activities	activity	NOUN
iiclr-17574	279	2	closely	closely	ADV
iiclr-17574	279	3	related	relate	VERB
iiclr-17574	279	4	to	to	ADP
iiclr-17574	279	5	bankinginvestment	bankinginvestment	NOUN
iiclr-17574	279	6	adviser	adviser	NOUN
iiclr-17574	279	7	activities	activity	NOUN
iiclr-17574	279	8	,	,	PUNCT
iiclr-17574	279	9	f.r.r.s	f.r.r.s	PROPN
iiclr-17574	279	10	.	.	PROPN
iiclr-17574	279	11	4	4	NUM
iiclr-17574	279	12	-	-	SYM
iiclr-17574	279	13	177	177	NUM
iiclr-17574	279	14	(	(	PUNCT
iiclr-17574	279	15	feb	feb	X
iiclr-17574	279	16	.	.	PROPN
iiclr-17574	279	17	1	1	NUM
iiclr-17574	279	18	,	,	PUNCT
iiclr-17574	279	19	1972	1972	NUM
iiclr-17574	279	20	)	)	PUNCT
iiclr-17574	279	21	.	.	PUNCT
iiclr-17574	280	1	[	[	X
iiclr-17574	280	2	vol	vol	NOUN
iiclr-17574	280	3	.	.	PUNCT
iiclr-17574	280	4	5:2	5:2	NUM
iiclr-17574	280	5	mutual	mutual	ADJ
iiclr-17574	280	6	fund	fund	NOUN
iiclr-17574	280	7	emergence	emergence	NOUN
iiclr-17574	280	8	authorized	authorize	VERB
iiclr-17574	280	9	bank	bank	NOUN
iiclr-17574	280	10	holding	hold	VERB
iiclr-17574	280	11	companies	company	NOUN
iiclr-17574	280	12	to	to	PART
iiclr-17574	280	13	sponsor	sponsor	VERB
iiclr-17574	280	14	,	,	PUNCT
iiclr-17574	280	15	organize	organize	VERB
iiclr-17574	280	16	,	,	PUNCT
iiclr-17574	280	17	and	and	CCONJ
iiclr-17574	280	18	advise	advise	VERB
iiclr-17574	280	19	closed	close	VERB
iiclr-17574	280	20	-	-	PUNCT
iiclr-17574	280	21	end	end	NOUN
iiclr-17574	280	22	investment	investment	NOUN
iiclr-17574	280	23	companies	company	NOUN
iiclr-17574	280	24	.	.	PUNCT
iiclr-17574	280	25	"	"	PUNCT
iiclr-17574	281	1	in	in	ADP
iiclr-17574	281	2	the	the	DET
iiclr-17574	281	3	board	board	NOUN
iiclr-17574	281	4	's	's	PART
iiclr-17574	281	5	opinion	opinion	NOUN
iiclr-17574	281	6	,	,	PUNCT
iiclr-17574	281	7	however	however	ADV
iiclr-17574	281	8	,	,	PUNCT
iiclr-17574	281	9	the	the	DET
iiclr-17574	281	10	gsa	gsa	PROPN
iiclr-17574	281	11	provisions	provision	NOUN
iiclr-17574	281	12	,	,	PUNCT
iiclr-17574	281	13	as	as	SCONJ
iiclr-17574	281	14	interpreted	interpret	VERB
iiclr-17574	281	15	by	by	ADP
iiclr-17574	281	16	the	the	DET
iiclr-17574	281	17	supreme	supreme	PROPN
iiclr-17574	281	18	court	court	PROPN
iiclr-17574	281	19	,	,	PUNCT
iiclr-17574	281	20	forbade	forbid	VERB
iiclr-17574	281	21	a	a	DET
iiclr-17574	281	22	bank	bank	NOUN
iiclr-17574	281	23	holding	hold	VERB
iiclr-17574	281	24	company	company	NOUN
iiclr-17574	281	25	to	to	PART
iiclr-17574	281	26	sponsor	sponsor	VERB
iiclr-17574	281	27	,	,	PUNCT
iiclr-17574	281	28	organize	organize	VERB
iiclr-17574	281	29	,	,	PUNCT
iiclr-17574	281	30	or	or	CCONJ
iiclr-17574	281	31	control	control	VERB
iiclr-17574	281	32	an	an	DET
iiclr-17574	281	33	open	open	ADJ
iiclr-17574	281	34	-	-	PUNCT
iiclr-17574	281	35	end	end	NOUN
iiclr-17574	281	36	mutual	mutual	ADJ
iiclr-17574	281	37	fund	fund	NOUN
iiclr-17574	281	38	.	.	PUNCT
iiclr-17574	282	1	conversely	conversely	ADV
iiclr-17574	282	2	,	,	PUNCT
iiclr-17574	282	3	the	the	DET
iiclr-17574	282	4	board	board	NOUN
iiclr-17574	282	5	did	do	AUX
iiclr-17574	282	6	not	not	PART
iiclr-17574	282	7	believe	believe	VERB
iiclr-17574	282	8	that	that	SCONJ
iiclr-17574	282	9	such	such	ADJ
iiclr-17574	282	10	restrictions	restriction	NOUN
iiclr-17574	282	11	applied	apply	VERB
iiclr-17574	282	12	to	to	ADP
iiclr-17574	282	13	the	the	DET
iiclr-17574	282	14	closed	close	VERB
iiclr-17574	282	15	-	-	PUNCT
iiclr-17574	282	16	end	end	NOUN
iiclr-17574	282	17	mutual	mutual	ADJ
iiclr-17574	282	18	funds	fund	NOUN
iiclr-17574	282	19	,	,	PUNCT
iiclr-17574	282	20	so	so	ADV
iiclr-17574	282	21	long	long	ADV
iiclr-17574	282	22	as	as	SCONJ
iiclr-17574	282	23	such	such	ADJ
iiclr-17574	282	24	companies	company	NOUN
iiclr-17574	282	25	were	be	AUX
iiclr-17574	282	26	not	not	PART
iiclr-17574	282	27	primarily	primarily	ADV
iiclr-17574	282	28	or	or	CCONJ
iiclr-17574	282	29	frequently	frequently	ADV
iiclr-17574	282	30	engaged	engage	VERB
iiclr-17574	282	31	in	in	ADP
iiclr-17574	282	32	the	the	DET
iiclr-17574	282	33	issuance	issuance	NOUN
iiclr-17574	282	34	,	,	PUNCT
iiclr-17574	282	35	sale	sale	NOUN
iiclr-17574	282	36	,	,	PUNCT
iiclr-17574	282	37	and	and	CCONJ
iiclr-17574	282	38	distribution	distribution	NOUN
iiclr-17574	282	39	of	of	ADP
iiclr-17574	282	40	securities.72	securities.72	NOUN
iiclr-17574	282	41	in	in	ADP
iiclr-17574	282	42	1972	1972	NUM
iiclr-17574	282	43	,	,	PUNCT
iiclr-17574	282	44	provident	provident	PROPN
iiclr-17574	282	45	national	national	PROPN
iiclr-17574	282	46	bank	bank	PROPN
iiclr-17574	282	47	became	become	VERB
iiclr-17574	282	48	the	the	DET
iiclr-17574	282	49	first	first	ADJ
iiclr-17574	282	50	bank	bank	NOUN
iiclr-17574	282	51	to	to	PART
iiclr-17574	282	52	act	act	VERB
iiclr-17574	282	53	as	as	ADP
iiclr-17574	282	54	an	an	DET
iiclr-17574	282	55	investment	investment	NOUN
iiclr-17574	282	56	advisor	advisor	NOUN
iiclr-17574	282	57	to	to	ADP
iiclr-17574	282	58	a	a	DET
iiclr-17574	282	59	closed	close	VERB
iiclr-17574	282	60	-	-	PUNCT
iiclr-17574	282	61	end	end	NOUN
iiclr-17574	282	62	mutual	mutual	ADJ
iiclr-17574	282	63	fund	fund	NOUN
iiclr-17574	282	64	named	name	VERB
iiclr-17574	282	65	independence	independence	PROPN
iiclr-17574	282	66	square	square	PROPN
iiclr-17574	282	67	income	income	NOUN
iiclr-17574	282	68	securities	security	NOUN
iiclr-17574	282	69	.	.	PUNCT
iiclr-17574	282	70	'	'	PUNCT
iiclr-17574	283	1	the	the	DET
iiclr-17574	283	2	introduction	introduction	NOUN
iiclr-17574	283	3	of	of	ADP
iiclr-17574	283	4	investment	investment	NOUN
iiclr-17574	283	5	advisor	advisor	NOUN
iiclr-17574	283	6	services	service	NOUN
iiclr-17574	283	7	to	to	ADP
iiclr-17574	283	8	this	this	DET
iiclr-17574	283	9	fund	fund	NOUN
iiclr-17574	283	10	marked	mark	VERB
iiclr-17574	283	11	the	the	DET
iiclr-17574	283	12	entrance	entrance	NOUN
iiclr-17574	283	13	of	of	ADP
iiclr-17574	283	14	the	the	DET
iiclr-17574	283	15	banking	banking	NOUN
iiclr-17574	283	16	industry	industry	NOUN
iiclr-17574	283	17	into	into	ADP
iiclr-17574	283	18	the	the	DET
iiclr-17574	283	19	mutual	mutual	ADJ
iiclr-17574	283	20	fund	fund	NOUN
iiclr-17574	283	21	business	business	NOUN
iiclr-17574	283	22	.	.	PUNCT
iiclr-17574	284	1	concurrently	concurrently	ADV
iiclr-17574	284	2	with	with	ADP
iiclr-17574	284	3	this	this	DET
iiclr-17574	284	4	amendment	amendment	NOUN
iiclr-17574	284	5	,	,	PUNCT
iiclr-17574	284	6	the	the	DET
iiclr-17574	284	7	board	board	NOUN
iiclr-17574	284	8	adopted	adopt	VERB
iiclr-17574	284	9	an	an	DET
iiclr-17574	284	10	interpretative	interpretative	ADJ
iiclr-17574	284	11	rule	rule	NOUN
iiclr-17574	284	12	outlining	outline	VERB
iiclr-17574	284	13	the	the	DET
iiclr-17574	284	14	types	type	NOUN
iiclr-17574	284	15	of	of	ADP
iiclr-17574	284	16	relationships	relationship	NOUN
iiclr-17574	284	17	a	a	DET
iiclr-17574	284	18	bank	bank	NOUN
iiclr-17574	284	19	holding	hold	VERB
iiclr-17574	284	20	company	company	NOUN
iiclr-17574	284	21	may	may	AUX
iiclr-17574	284	22	have	have	VERB
iiclr-17574	284	23	with	with	ADP
iiclr-17574	284	24	a	a	DET
iiclr-17574	284	25	mutual	mutual	ADJ
iiclr-17574	284	26	fund	fund	NOUN
iiclr-17574	284	27	and	and	CCONJ
iiclr-17574	284	28	a	a	DET
iiclr-17574	284	29	closed	close	VERB
iiclr-17574	284	30	-	-	PUNCT
iiclr-17574	284	31	end	end	NOUN
iiclr-17574	284	32	investment	investment	NOUN
iiclr-17574	284	33	company	company	NOUN
iiclr-17574	284	34	consistent	consistent	ADJ
iiclr-17574	284	35	with	with	ADP
iiclr-17574	284	36	the	the	DET
iiclr-17574	284	37	glass	glass	NOUN
iiclr-17574	284	38	-	-	PUNCT
iiclr-17574	284	39	steagall	steagall	NOUN
iiclr-17574	284	40	act.74	act.74	ADP
iiclr-17574	284	41	this	this	DET
iiclr-17574	284	42	interpretative	interpretative	ADJ
iiclr-17574	284	43	rule	rule	NOUN
iiclr-17574	284	44	governs	govern	VERB
iiclr-17574	284	45	the	the	DET
iiclr-17574	284	46	manner	manner	NOUN
iiclr-17574	284	47	in	in	ADP
iiclr-17574	284	48	which	which	PRON
iiclr-17574	284	49	a	a	DET
iiclr-17574	284	50	bank	bank	NOUN
iiclr-17574	284	51	holding	hold	VERB
iiclr-17574	284	52	company	company	NOUN
iiclr-17574	284	53	that	that	PRON
iiclr-17574	284	54	has	have	AUX
iiclr-17574	284	55	obtained	obtain	VERB
iiclr-17574	284	56	board	board	NOUN
iiclr-17574	284	57	approval	approval	NOUN
iiclr-17574	284	58	under	under	ADP
iiclr-17574	284	59	section	section	NOUN
iiclr-17574	284	60	4(c)(8	4(c)(8	NUM
iiclr-17574	284	61	)	)	PUNCT
iiclr-17574	284	62	of	of	ADP
iiclr-17574	284	63	the	the	DET
iiclr-17574	284	64	bank	bank	NOUN
iiclr-17574	284	65	holding	hold	VERB
iiclr-17574	284	66	company	company	NOUN
iiclr-17574	284	67	act	act	NOUN
iiclr-17574	284	68	may	may	AUX
iiclr-17574	284	69	conduct	conduct	VERB
iiclr-17574	284	70	its	its	PRON
iiclr-17574	284	71	investment	investment	NOUN
iiclr-17574	284	72	advisory	advisory	ADJ
iiclr-17574	284	73	activities	activity	NOUN
iiclr-17574	284	74	.	.	PUNCT
iiclr-17574	285	1	the	the	DET
iiclr-17574	285	2	board	board	NOUN
iiclr-17574	285	3	's	's	PART
iiclr-17574	285	4	interpretative	interpretative	ADJ
iiclr-17574	285	5	rule	rule	NOUN
iiclr-17574	285	6	has	have	AUX
iiclr-17574	285	7	been	be	AUX
iiclr-17574	285	8	upheld	uphold	VERB
iiclr-17574	285	9	by	by	ADP
iiclr-17574	285	10	the	the	DET
iiclr-17574	285	11	u.s	u.s	PROPN
iiclr-17574	285	12	.	.	PROPN
iiclr-17574	285	13	supreme	supreme	PROPN
iiclr-17574	285	14	court	court	PROPN
iiclr-17574	285	15	.	.	PUNCT
iiclr-17574	286	1	5	5	NUM
iiclr-17574	286	2	paragraph	paragraph	NOUN
iiclr-17574	286	3	(	(	PUNCT
iiclr-17574	286	4	h	h	NOUN
iiclr-17574	286	5	)	)	PUNCT
iiclr-17574	286	6	of	of	ADP
iiclr-17574	286	7	the	the	DET
iiclr-17574	286	8	board	board	NOUN
iiclr-17574	286	9	's	's	PART
iiclr-17574	286	10	interpretative	interpretative	ADJ
iiclr-17574	286	11	rule	rule	NOUN
iiclr-17574	286	12	regarding	regard	VERB
iiclr-17574	286	13	investment	investment	NOUN
iiclr-17574	286	14	advisory	advisory	ADJ
iiclr-17574	286	15	activities	activity	NOUN
iiclr-17574	286	16	states	state	VERB
iiclr-17574	286	17	that	that	SCONJ
iiclr-17574	286	18	a	a	DET
iiclr-17574	286	19	bank	bank	NOUN
iiclr-17574	286	20	holding	hold	VERB
iiclr-17574	286	21	company	company	NOUN
iiclr-17574	286	22	may	may	AUX
iiclr-17574	286	23	not	not	PART
iiclr-17574	286	24	engage	engage	VERB
iiclr-17574	286	25	in	in	ADP
iiclr-17574	286	26	the	the	DET
iiclr-17574	286	27	"	"	PUNCT
iiclr-17574	286	28	sale	sale	NOUN
iiclr-17574	286	29	or	or	CCONJ
iiclr-17574	286	30	distribution	distribution	NOUN
iiclr-17574	286	31	"	"	PUNCT
iiclr-17574	286	32	of	of	ADP
iiclr-17574	286	33	shares	share	NOUN
iiclr-17574	286	34	of	of	ADP
iiclr-17574	286	35	an	an	DET
iiclr-17574	286	36	investment	investment	NOUN
iiclr-17574	286	37	company	company	NOUN
iiclr-17574	286	38	which	which	PRON
iiclr-17574	286	39	is	be	AUX
iiclr-17574	286	40	advised	advise	VERB
iiclr-17574	286	41	by	by	ADP
iiclr-17574	286	42	the	the	DET
iiclr-17574	286	43	bank	bank	NOUN
iiclr-17574	286	44	holding	hold	VERB
iiclr-17574	286	45	company	company	NOUN
iiclr-17574	286	46	or	or	CCONJ
iiclr-17574	286	47	one	one	NUM
iiclr-17574	286	48	of	of	ADP
iiclr-17574	286	49	its	its	PRON
iiclr-17574	286	50	non	non	ADJ
iiclr-17574	286	51	-	-	ADJ
iiclr-17574	286	52	bank	bank	ADJ
iiclr-17574	286	53	subsidiaries	subsidiary	NOUN
iiclr-17574	286	54	.	.	PUNCT
iiclr-17574	287	1	6	6	NUM
iiclr-17574	287	2	despite	despite	SCONJ
iiclr-17574	287	3	the	the	DET
iiclr-17574	287	4	prohibition	prohibition	NOUN
iiclr-17574	287	5	on	on	ADP
iiclr-17574	287	6	outright	outright	ADJ
iiclr-17574	287	7	distribution	distribution	NOUN
iiclr-17574	287	8	and	and	CCONJ
iiclr-17574	287	9	underwriting	underwriting	NOUN
iiclr-17574	287	10	of	of	ADP
iiclr-17574	287	11	a	a	DET
iiclr-17574	287	12	mutual	mutual	ADJ
iiclr-17574	287	13	fund	fund	NOUN
iiclr-17574	287	14	,	,	PUNCT
iiclr-17574	287	15	the	the	DET
iiclr-17574	287	16	supreme	supreme	PROPN
iiclr-17574	287	17	court	court	PROPN
iiclr-17574	287	18	has	have	AUX
iiclr-17574	287	19	agreed	agree	VERB
iiclr-17574	287	20	that	that	DET
iiclr-17574	287	21	section	section	NOUN
iiclr-17574	287	22	20	20	NUM
iiclr-17574	287	23	of	of	ADP
iiclr-17574	287	24	the	the	DET
iiclr-17574	287	25	gsa	gsa	PROPN
iiclr-17574	287	26	does	do	AUX
iiclr-17574	287	27	not	not	PART
iiclr-17574	287	28	prohibit	prohibit	VERB
iiclr-17574	287	29	a	a	DET
iiclr-17574	287	30	bank	bank	NOUN
iiclr-17574	287	31	affiliate	affiliate	NOUN
iiclr-17574	287	32	from	from	ADP
iiclr-17574	287	33	sponsoring	sponsor	VERB
iiclr-17574	287	34	a	a	DET
iiclr-17574	287	35	closed	close	VERB
iiclr-17574	287	36	-	-	PUNCT
iiclr-17574	287	37	end	end	NOUN
iiclr-17574	287	38	investment	investment	NOUN
iiclr-17574	287	39	company	company	NOUN
iiclr-17574	287	40	7	7	NUM
iiclr-17574	287	41	or	or	CCONJ
iiclr-17574	287	42	acting	act	VERB
iiclr-17574	287	43	as	as	ADP
iiclr-17574	287	44	a	a	DET
iiclr-17574	287	45	discount	discount	NOUN
iiclr-17574	287	46	broker	broker	NOUN
iiclr-17574	287	47	in	in	ADP
iiclr-17574	287	48	the	the	DET
iiclr-17574	287	49	purchase	purchase	NOUN
iiclr-17574	287	50	and	and	CCONJ
iiclr-17574	287	51	sale	sale	NOUN
iiclr-17574	287	52	of	of	ADP
iiclr-17574	287	53	securities	security	NOUN
iiclr-17574	287	54	for	for	ADP
iiclr-17574	287	55	customers	customer	NOUN
iiclr-17574	287	56	.	.	PUNCT
iiclr-17574	287	57	'	'	PUNCT
iiclr-17574	288	1	such	such	ADJ
iiclr-17574	288	2	activities	activity	NOUN
iiclr-17574	288	3	for	for	ADP
iiclr-17574	288	4	bank	bank	NOUN
iiclr-17574	288	5	affiliates	affiliate	NOUN
iiclr-17574	288	6	are	be	AUX
iiclr-17574	288	7	authorized	authorize	VERB
iiclr-17574	288	8	under	under	ADP
iiclr-17574	288	9	the	the	DET
iiclr-17574	288	10	board	board	NOUN
iiclr-17574	288	11	's	's	PART
iiclr-17574	288	12	regulation	regulation	NOUN
iiclr-17574	288	13	y	y	PROPN
iiclr-17574	288	14	pursuant	pursuant	VERB
iiclr-17574	288	15	to	to	ADP
iiclr-17574	288	16	the	the	DET
iiclr-17574	288	17	bank	bank	NOUN
iiclr-17574	288	18	holding	hold	VERB
iiclr-17574	288	19	company	company	NOUN
iiclr-17574	288	20	act.79	act.79	NOUN
iiclr-17574	288	21	section	section	NOUN
iiclr-17574	288	22	20	20	NUM
iiclr-17574	288	23	of	of	ADP
iiclr-17574	288	24	the	the	DET
iiclr-17574	288	25	gsa	gsa	PROPN
iiclr-17574	288	26	prohibits	prohibit	VERB
iiclr-17574	288	27	a	a	DET
iiclr-17574	288	28	member	member	NOUN
iiclr-17574	288	29	bank	bank	NOUN
iiclr-17574	288	30	from	from	ADP
iiclr-17574	288	31	affiliating	affiliate	VERB
iiclr-17574	288	32	with	with	ADP
iiclr-17574	288	33	a	a	DET
iiclr-17574	288	34	company	company	NOUN
iiclr-17574	288	35	that	that	SCONJ
iiclr-17574	288	36	71	71	NUM
iiclr-17574	288	37	.	.	PUNCT
iiclr-17574	289	1	the	the	DET
iiclr-17574	289	2	language	language	NOUN
iiclr-17574	289	3	"	"	PUNCT
iiclr-17574	289	4	serving	serve	VERB
iiclr-17574	289	5	as	as	ADP
iiclr-17574	289	6	investment	investment	NOUN
iiclr-17574	289	7	advisor	advisor	NOUN
iiclr-17574	290	1	[	[	X
iiclr-17574	290	2	sic	sic	ADJ
iiclr-17574	290	3	]	]	X
iiclr-17574	290	4	,	,	PUNCT
iiclr-17574	290	5	as	as	SCONJ
iiclr-17574	290	6	defined	define	VERB
iiclr-17574	290	7	in	in	ADP
iiclr-17574	290	8	section	section	NOUN
iiclr-17574	290	9	2(a)(20	2(a)(20	NUM
iiclr-17574	290	10	)	)	PUNCT
iiclr-17574	290	11	of	of	ADP
iiclr-17574	290	12	the	the	DET
iiclr-17574	290	13	investment	investment	NOUN
iiclr-17574	290	14	company	company	NOUN
iiclr-17574	290	15	act	act	NOUN
iiclr-17574	290	16	of	of	ADP
iiclr-17574	290	17	1940	1940	NUM
iiclr-17574	290	18	,	,	PUNCT
iiclr-17574	290	19	to	to	ADP
iiclr-17574	290	20	an	an	DET
iiclr-17574	290	21	investment	investment	NOUN
iiclr-17574	290	22	company	company	NOUN
iiclr-17574	290	23	registered	register	VERB
iiclr-17574	290	24	under	under	ADP
iiclr-17574	290	25	the	the	DET
iiclr-17574	290	26	act	act	NOUN
iiclr-17574	290	27	"	"	PUNCT
iiclr-17574	290	28	was	be	AUX
iiclr-17574	290	29	added	add	VERB
iiclr-17574	290	30	to	to	ADP
iiclr-17574	290	31	the	the	DET
iiclr-17574	290	32	list	list	NOUN
iiclr-17574	290	33	of	of	ADP
iiclr-17574	290	34	activities	activity	NOUN
iiclr-17574	290	35	closely	closely	ADV
iiclr-17574	290	36	related	relate	VERB
iiclr-17574	290	37	to	to	ADP
iiclr-17574	290	38	banking	banking	NOUN
iiclr-17574	290	39	.	.	PUNCT
iiclr-17574	291	1	i	i	PRON
iiclr-17574	291	2	d.	d.	PROPN
iiclr-17574	291	3	72	72	NUM
iiclr-17574	291	4	.	.	PUNCT
iiclr-17574	292	1	i	i	PRON
iiclr-17574	292	2	d.	d.	PROPN
iiclr-17574	292	3	73	73	NUM
iiclr-17574	292	4	.	.	PUNCT
iiclr-17574	293	1	charles	charles	PROPN
iiclr-17574	293	2	b.	b.	PROPN
iiclr-17574	293	3	landreth	landreth	PROPN
iiclr-17574	293	4	,	,	PUNCT
iiclr-17574	293	5	bank	bank	NOUN
iiclr-17574	293	6	mutual	mutual	ADJ
iiclr-17574	293	7	funds	fund	NOUN
iiclr-17574	293	8	:	:	PUNCT
iiclr-17574	293	9	growth	growth	NOUN
iiclr-17574	293	10	vehicle	vehicle	NOUN
iiclr-17574	293	11	ofthe	ofthe	VERB
iiclr-17574	293	12	90	90	NUM
iiclr-17574	293	13	's	's	PART
iiclr-17574	293	14	;	;	PUNCT
iiclr-17574	293	15	changes	change	NOUN
iiclr-17574	293	16	in	in	ADP
iiclr-17574	293	17	the	the	DET
iiclr-17574	293	18	industry	industry	NOUN
iiclr-17574	293	19	,	,	PUNCT
iiclr-17574	293	20	tr	tr	VERB
iiclr-17574	293	21	.	.	PROPN
iiclr-17574	293	22	&	&	CCONJ
iiclr-17574	293	23	est	est	PROPN
iiclr-17574	293	24	.	.	PROPN
iiclr-17574	293	25	,	,	PUNCT
iiclr-17574	293	26	sept	sept	PROPN
iiclr-17574	293	27	.	.	PROPN
iiclr-17574	293	28	1992	1992	NUM
iiclr-17574	293	29	,	,	PUNCT
iiclr-17574	293	30	at	at	ADP
iiclr-17574	293	31	37	37	NUM
iiclr-17574	293	32	,	,	PUNCT
iiclr-17574	293	33	37	37	NUM
iiclr-17574	293	34	.	.	NOUN
iiclr-17574	294	1	74	74	NUM
iiclr-17574	294	2	.	.	NOUN
iiclr-17574	295	1	12	12	NUM
iiclr-17574	295	2	c.f.r	c.f.r	NOUN
iiclr-17574	295	3	.	.	PUNCT
iiclr-17574	296	1	§	§	PROPN
iiclr-17574	296	2	225.125	225.125	NUM
iiclr-17574	296	3	(	(	PUNCT
iiclr-17574	296	4	1972	1972	NUM
iiclr-17574	296	5	)	)	PUNCT
iiclr-17574	296	6	.	.	PUNCT
iiclr-17574	297	1	75	75	NUM
iiclr-17574	297	2	.	.	PUNCT
iiclr-17574	298	1	see	see	VERB
iiclr-17574	298	2	bd	bd	PROPN
iiclr-17574	298	3	.	.	PROPN
iiclr-17574	298	4	of	of	ADP
iiclr-17574	298	5	governors	governor	NOUN
iiclr-17574	298	6	,	,	PUNCT
iiclr-17574	298	7	450	450	NUM
iiclr-17574	298	8	u.s	u.s	PROPN
iiclr-17574	298	9	.	.	PROPN
iiclr-17574	298	10	at	at	ADP
iiclr-17574	298	11	56	56	NUM
iiclr-17574	298	12	.	.	PUNCT
iiclr-17574	299	1	76	76	NUM
iiclr-17574	299	2	.	.	PUNCT
iiclr-17574	300	1	12	12	NUM
iiclr-17574	300	2	c.f.r	c.f.r	NOUN
iiclr-17574	300	3	.	.	PUNCT
iiclr-17574	301	1	§	§	PROPN
iiclr-17574	301	2	225.125(h	225.125(h	PROPN
iiclr-17574	301	3	)	)	PUNCT
iiclr-17574	301	4	.	.	PUNCT
iiclr-17574	302	1	77	77	NUM
iiclr-17574	302	2	.	.	PUNCT
iiclr-17574	303	1	bd	bd	PROPN
iiclr-17574	303	2	.	.	PROPN
iiclr-17574	303	3	of	of	ADP
iiclr-17574	303	4	governors	governor	NOUN
iiclr-17574	303	5	,	,	PUNCT
iiclr-17574	303	6	450	450	NUM
iiclr-17574	303	7	u.s	u.s	PROPN
iiclr-17574	303	8	.	.	PROPN
iiclr-17574	303	9	at	at	ADP
iiclr-17574	303	10	64	64	NUM
iiclr-17574	303	11	.	.	PUNCT
iiclr-17574	304	1	78	78	NUM
iiclr-17574	304	2	.	.	PUNCT
iiclr-17574	305	1	see	see	VERB
iiclr-17574	305	2	sec	sec	PROPN
iiclr-17574	305	3	.	.	PROPN
iiclr-17574	305	4	indus	indus	PROPN
iiclr-17574	305	5	.	.	PUNCT
iiclr-17574	305	6	ass'nv	ass'nv	PROPN
iiclr-17574	305	7	.	.	PUNCT
iiclr-17574	306	1	bd	bd	PROPN
iiclr-17574	306	2	.	.	PROPN
iiclr-17574	306	3	of	of	ADP
iiclr-17574	306	4	governors	governor	NOUN
iiclr-17574	306	5	,	,	PUNCT
iiclr-17574	306	6	468	468	NUM
iiclr-17574	306	7	u.s	u.s	PROPN
iiclr-17574	306	8	.	.	PROPN
iiclr-17574	306	9	207	207	NUM
iiclr-17574	306	10	(	(	PUNCT
iiclr-17574	306	11	1984	1984	NUM
iiclr-17574	306	12	)	)	PUNCT
iiclr-17574	306	13	;	;	PUNCT
iiclr-17574	306	14	sec	sec	PROPN
iiclr-17574	306	15	.	.	PROPN
iiclr-17574	306	16	indus	indus	PROPN
iiclr-17574	306	17	.	.	PUNCT
iiclr-17574	307	1	ass'n	ass'n	PROPN
iiclr-17574	307	2	v.	v.	PROPN
iiclr-17574	307	3	clarke	clarke	PROPN
iiclr-17574	307	4	,	,	PUNCT
iiclr-17574	307	5	885	885	NUM
iiclr-17574	307	6	f.2d	f.2d	NOUN
iiclr-17574	307	7	1034	1034	NUM
iiclr-17574	307	8	(	(	PUNCT
iiclr-17574	307	9	2d	2d	NUM
iiclr-17574	307	10	cir	cir	NOUN
iiclr-17574	307	11	.	.	PROPN
iiclr-17574	307	12	1989	1989	NUM
iiclr-17574	307	13	)	)	PUNCT
iiclr-17574	307	14	,	,	PUNCT
iiclr-17574	307	15	cert	cert	PROPN
iiclr-17574	307	16	.	.	PUNCT
iiclr-17574	308	1	denied	deny	VERB
iiclr-17574	308	2	,	,	PUNCT
iiclr-17574	308	3	493	493	NUM
iiclr-17574	308	4	u.s	u.s	PROPN
iiclr-17574	308	5	.	.	PROPN
iiclr-17574	308	6	1070	1070	NUM
iiclr-17574	308	7	(	(	PUNCT
iiclr-17574	308	8	1990	1990	NUM
iiclr-17574	308	9	)	)	PUNCT
iiclr-17574	308	10	.	.	PUNCT
iiclr-17574	309	1	79	79	NUM
iiclr-17574	309	2	.	.	X
iiclr-17574	310	1	12	12	NUM
iiclr-17574	310	2	c.f.r	c.f.r	NOUN
iiclr-17574	310	3	.	.	PUNCT
iiclr-17574	311	1	§	§	PROPN
iiclr-17574	311	2	225.25(b)(4	225.25(b)(4	NUM
iiclr-17574	311	3	)	)	PUNCT
iiclr-17574	311	4	.	.	PUNCT
iiclr-17574	312	1	see	see	VERB
iiclr-17574	312	2	also	also	ADV
iiclr-17574	312	3	12	12	NUM
iiclr-17574	312	4	c.f.r	c.f.r	NOUN
iiclr-17574	312	5	.	.	PUNCT
iiclr-17574	313	1	§	§	PROPN
iiclr-17574	313	2	225.125	225.125	NUM
iiclr-17574	313	3	(	(	PUNCT
iiclr-17574	313	4	the	the	DET
iiclr-17574	313	5	board	board	NOUN
iiclr-17574	313	6	's	's	PART
iiclr-17574	313	7	interpretation	interpretation	NOUN
iiclr-17574	313	8	of	of	ADP
iiclr-17574	313	9	the	the	DET
iiclr-17574	313	10	regulation	regulation	NOUN
iiclr-17574	313	11	)	)	PUNCT
iiclr-17574	313	12	.	.	PUNCT
iiclr-17574	314	1	19951	19951	NUM
iiclr-17574	314	2	ind	ind	NOUN
iiclr-17574	314	3	.	.	PUNCT
iiclr-17574	315	1	int'l	int'l	PROPN
iiclr-17574	315	2	&	&	CCONJ
iiclr-17574	315	3	comp	comp	PROPN
iiclr-17574	315	4	.	.	PUNCT
iiclr-17574	316	1	l.	l.	PROPN
iiclr-17574	316	2	rev	rev	PROPN
iiclr-17574	316	3	.	.	PUNCT
iiclr-17574	317	1	directly	directly	ADV
iiclr-17574	317	2	,	,	PUNCT
iiclr-17574	317	3	or	or	CCONJ
iiclr-17574	317	4	through	through	ADP
iiclr-17574	317	5	a	a	DET
iiclr-17574	317	6	subsidiary	subsidiary	NOUN
iiclr-17574	317	7	,	,	PUNCT
iiclr-17574	317	8	engages	engage	VERB
iiclr-17574	317	9	principally	principally	ADV
iiclr-17574	317	10	in	in	ADP
iiclr-17574	317	11	the	the	DET
iiclr-17574	317	12	issue	issue	NOUN
iiclr-17574	317	13	,	,	PUNCT
iiclr-17574	317	14	flotation	flotation	NOUN
iiclr-17574	317	15	,	,	PUNCT
iiclr-17574	317	16	underwriting	underwriting	NOUN
iiclr-17574	317	17	,	,	PUNCT
iiclr-17574	317	18	public	public	ADJ
iiclr-17574	317	19	sale	sale	NOUN
iiclr-17574	317	20	,	,	PUNCT
iiclr-17574	317	21	or	or	CCONJ
iiclr-17574	317	22	distribution	distribution	NOUN
iiclr-17574	317	23	of	of	ADP
iiclr-17574	317	24	securities	security	NOUN
iiclr-17574	317	25	.	.	PUNCT
iiclr-17574	318	1	the	the	DET
iiclr-17574	318	2	federal	federal	PROPN
iiclr-17574	318	3	reserve	reserve	PROPN
iiclr-17574	318	4	board	board	PROPN
iiclr-17574	318	5	determined	determine	VERB
iiclr-17574	318	6	that	that	SCONJ
iiclr-17574	318	7	section	section	NOUN
iiclr-17574	318	8	20	20	NUM
iiclr-17574	318	9	subsidiaries	subsidiary	NOUN
iiclr-17574	318	10	would	would	AUX
iiclr-17574	318	11	not	not	PART
iiclr-17574	318	12	engage	engage	VERB
iiclr-17574	318	13	principally	principally	ADV
iiclr-17574	318	14	in	in	ADP
iiclr-17574	318	15	an	an	DET
iiclr-17574	318	16	underwriting	underwriting	NOUN
iiclr-17574	318	17	or	or	CCONJ
iiclr-17574	318	18	dealing	deal	VERB
iiclr-17574	318	19	activity	activity	NOUN
iiclr-17574	318	20	if	if	SCONJ
iiclr-17574	318	21	gross	gross	ADJ
iiclr-17574	318	22	revenues	revenue	NOUN
iiclr-17574	318	23	from	from	ADP
iiclr-17574	318	24	such	such	ADJ
iiclr-17574	318	25	activities	activity	NOUN
iiclr-17574	318	26	were	be	AUX
iiclr-17574	318	27	limited	limit	VERB
iiclr-17574	318	28	to	to	ADP
iiclr-17574	318	29	ten	ten	NUM
iiclr-17574	318	30	percent	percent	NOUN
iiclr-17574	318	31	of	of	ADP
iiclr-17574	318	32	their	their	PRON
iiclr-17574	318	33	total	total	ADJ
iiclr-17574	318	34	gross	gross	ADJ
iiclr-17574	318	35	revenue.80	revenue.80	NOUN
iiclr-17574	318	36	based	base	VERB
iiclr-17574	318	37	on	on	ADP
iiclr-17574	318	38	this	this	DET
iiclr-17574	318	39	pronouncement	pronouncement	NOUN
iiclr-17574	318	40	,	,	PUNCT
iiclr-17574	318	41	if	if	SCONJ
iiclr-17574	318	42	a	a	DET
iiclr-17574	318	43	bank	bank	NOUN
iiclr-17574	318	44	refrains	refrain	VERB
iiclr-17574	318	45	from	from	ADP
iiclr-17574	318	46	underwriting	underwriting	NOUN
iiclr-17574	318	47	or	or	CCONJ
iiclr-17574	318	48	purchasing	purchasing	NOUN
iiclr-17574	318	49	shares	share	NOUN
iiclr-17574	318	50	of	of	ADP
iiclr-17574	318	51	an	an	DET
iiclr-17574	318	52	investment	investment	NOUN
iiclr-17574	318	53	company	company	NOUN
iiclr-17574	318	54	for	for	ADP
iiclr-17574	318	55	its	its	PRON
iiclr-17574	318	56	own	own	ADJ
iiclr-17574	318	57	account	account	NOUN
iiclr-17574	318	58	and	and	CCONJ
iiclr-17574	318	59	acts	act	VERB
iiclr-17574	318	60	only	only	ADV
iiclr-17574	318	61	as	as	ADP
iiclr-17574	318	62	an	an	DET
iiclr-17574	318	63	investment	investment	NOUN
iiclr-17574	318	64	adviser	adviser	NOUN
iiclr-17574	318	65	,	,	PUNCT
iiclr-17574	318	66	it	it	PRON
iiclr-17574	318	67	does	do	AUX
iiclr-17574	318	68	not	not	PART
iiclr-17574	318	69	violate	violate	VERB
iiclr-17574	318	70	the	the	DET
iiclr-17574	318	71	requirements	requirement	NOUN
iiclr-17574	318	72	of	of	ADP
iiclr-17574	318	73	section	section	NOUN
iiclr-17574	318	74	16.8	16.8	NUM
iiclr-17574	318	75	the	the	DET
iiclr-17574	318	76	federal	federal	PROPN
iiclr-17574	318	77	reserve	reserve	PROPN
iiclr-17574	318	78	board	board	PROPN
iiclr-17574	318	79	decided	decide	VERB
iiclr-17574	318	80	that	that	SCONJ
iiclr-17574	318	81	a	a	DET
iiclr-17574	318	82	bank	bank	NOUN
iiclr-17574	318	83	holding	hold	VERB
iiclr-17574	318	84	company	company	NOUN
iiclr-17574	318	85	may	may	AUX
iiclr-17574	318	86	not	not	PART
iiclr-17574	318	87	organize	organize	VERB
iiclr-17574	318	88	and	and	CCONJ
iiclr-17574	318	89	manage	manage	VERB
iiclr-17574	318	90	mutual	mutual	ADJ
iiclr-17574	318	91	funds	fund	NOUN
iiclr-17574	318	92	,	,	PUNCT
iiclr-17574	318	93	and	and	CCONJ
iiclr-17574	318	94	that	that	SCONJ
iiclr-17574	318	95	it	it	PRON
iiclr-17574	318	96	is	be	AUX
iiclr-17574	318	97	unnecessary	unnecessary	ADJ
iiclr-17574	318	98	for	for	SCONJ
iiclr-17574	318	99	a	a	DET
iiclr-17574	318	100	bank	bank	NOUN
iiclr-17574	318	101	holding	hold	VERB
iiclr-17574	318	102	company	company	NOUN
iiclr-17574	318	103	to	to	PART
iiclr-17574	318	104	perform	perform	VERB
iiclr-17574	318	105	all	all	DET
iiclr-17574	318	106	such	such	ADJ
iiclr-17574	318	107	functions	function	NOUN
iiclr-17574	318	108	in	in	ADP
iiclr-17574	318	109	order	order	NOUN
iiclr-17574	318	110	to	to	PART
iiclr-17574	318	111	engage	engage	VERB
iiclr-17574	318	112	effectively	effectively	ADV
iiclr-17574	318	113	in	in	ADP
iiclr-17574	318	114	investment	investment	NOUN
iiclr-17574	318	115	advising	advise	VERB
iiclr-17574	318	116	activity	activity	NOUN
iiclr-17574	318	117	.	.	PUNCT
iiclr-17574	319	1	"	"	PUNCT
iiclr-17574	319	2	'	'	PUNCT
iiclr-17574	319	3	acting	act	VERB
iiclr-17574	319	4	in	in	ADP
iiclr-17574	319	5	capacities	capacity	NOUN
iiclr-17574	319	6	such	such	ADJ
iiclr-17574	319	7	as	as	ADP
iiclr-17574	319	8	registrar	registrar	NOUN
iiclr-17574	319	9	,	,	PUNCT
iiclr-17574	319	10	transfer	transfer	NOUN
iiclr-17574	319	11	agent	agent	NOUN
iiclr-17574	319	12	,	,	PUNCT
iiclr-17574	319	13	or	or	CCONJ
iiclr-17574	319	14	custodian	custodian	NOUN
iiclr-17574	319	15	for	for	ADP
iiclr-17574	319	16	an	an	DET
iiclr-17574	319	17	investment	investment	NOUN
iiclr-17574	319	18	company	company	NOUN
iiclr-17574	319	19	,	,	PUNCT
iiclr-17574	319	20	however	however	ADV
iiclr-17574	319	21	,	,	PUNCT
iiclr-17574	319	22	is	be	AUX
iiclr-17574	319	23	not	not	PART
iiclr-17574	319	24	a	a	DET
iiclr-17574	319	25	selling	selling	NOUN
iiclr-17574	319	26	activity	activity	NOUN
iiclr-17574	319	27	and	and	CCONJ
iiclr-17574	319	28	is	be	AUX
iiclr-17574	319	29	permitted	permit	VERB
iiclr-17574	319	30	under	under	ADP
iiclr-17574	319	31	section	section	NOUN
iiclr-17574	319	32	225.4(a)(4	225.4(a)(4	NUM
iiclr-17574	319	33	)	)	PUNCT
iiclr-17574	319	34	of	of	ADP
iiclr-17574	319	35	regulation	regulation	NOUN
iiclr-17574	319	36	y.	y.	NOUN
iiclr-17574	319	37	in	in	ADP
iiclr-17574	319	38	1984	1984	NUM
iiclr-17574	319	39	,	,	PUNCT
iiclr-17574	319	40	the	the	DET
iiclr-17574	319	41	fdic	fdic	PROPN
iiclr-17574	319	42	continued	continue	VERB
iiclr-17574	319	43	to	to	PART
iiclr-17574	319	44	relax	relax	VERB
iiclr-17574	319	45	the	the	DET
iiclr-17574	319	46	legislative	legislative	ADJ
iiclr-17574	319	47	constraints	constraint	NOUN
iiclr-17574	319	48	on	on	ADP
iiclr-17574	319	49	banks	bank	NOUN
iiclr-17574	319	50	by	by	ADP
iiclr-17574	319	51	permitting	permit	VERB
iiclr-17574	319	52	state	state	NOUN
iiclr-17574	319	53	non	non	ADJ
iiclr-17574	319	54	-	-	ADJ
iiclr-17574	319	55	member	member	ADJ
iiclr-17574	319	56	banks	bank	NOUN
iiclr-17574	319	57	to	to	PART
iiclr-17574	319	58	underwrite	underwrite	VERB
iiclr-17574	319	59	mutual	mutual	ADJ
iiclr-17574	319	60	funds	fund	NOUN
iiclr-17574	319	61	through	through	ADP
iiclr-17574	319	62	"	"	PUNCT
iiclr-17574	319	63	bona	bona	ADJ
iiclr-17574	319	64	fide	fide	ADJ
iiclr-17574	319	65	"	"	PUNCT
iiclr-17574	319	66	securities	security	NOUN
iiclr-17574	319	67	subsidiaries.8	subsidiaries.8	PROPN
iiclr-17574	319	68	3	3	NUM
iiclr-17574	319	69	by	by	ADP
iiclr-17574	319	70	1986	1986	NUM
iiclr-17574	319	71	,	,	PUNCT
iiclr-17574	319	72	the	the	DET
iiclr-17574	319	73	brokering	brokering	NOUN
iiclr-17574	319	74	of	of	ADP
iiclr-17574	319	75	mutual	mutual	ADJ
iiclr-17574	319	76	funds	fund	NOUN
iiclr-17574	319	77	by	by	ADP
iiclr-17574	319	78	bank	bank	NOUN
iiclr-17574	319	79	holding	hold	VERB
iiclr-17574	319	80	companies	company	NOUN
iiclr-17574	319	81	was	be	AUX
iiclr-17574	319	82	expressly	expressly	ADV
iiclr-17574	319	83	authorized	authorize	VERB
iiclr-17574	319	84	by	by	ADP
iiclr-17574	319	85	the	the	DET
iiclr-17574	319	86	federal	federal	PROPN
iiclr-17574	319	87	reserve	reserve	PROPN
iiclr-17574	319	88	board.84	board.84	PROPN
iiclr-17574	319	89	in	in	ADP
iiclr-17574	319	90	1987	1987	NUM
iiclr-17574	319	91	,	,	PUNCT
iiclr-17574	319	92	the	the	DET
iiclr-17574	319	93	fdic	fdic	PROPN
iiclr-17574	319	94	rule	rule	NOUN
iiclr-17574	319	95	that	that	PRON
iiclr-17574	319	96	allows	allow	VERB
iiclr-17574	319	97	securities	security	NOUN
iiclr-17574	319	98	underwriting	underwriting	NOUN
iiclr-17574	319	99	activities	activity	NOUN
iiclr-17574	319	100	by	by	ADP
iiclr-17574	319	101	"	"	PUNCT
iiclr-17574	319	102	bona	bona	ADJ
iiclr-17574	319	103	fide	fide	NOUN
iiclr-17574	319	104	"	"	PUNCT
iiclr-17574	319	105	subsidiaries	subsidiary	NOUN
iiclr-17574	319	106	of	of	ADP
iiclr-17574	319	107	state	state	NOUN
iiclr-17574	319	108	nonmember	nonmember	PROPN
iiclr-17574	319	109	banks	bank	NOUN
iiclr-17574	319	110	was	be	AUX
iiclr-17574	319	111	upheld.85	upheld.85	PROPN
iiclr-17574	319	112	also	also	ADV
iiclr-17574	319	113	in	in	ADP
iiclr-17574	319	114	1987	1987	NUM
iiclr-17574	319	115	,	,	PUNCT
iiclr-17574	319	116	the	the	DET
iiclr-17574	319	117	office	office	NOUN
iiclr-17574	319	118	of	of	ADP
iiclr-17574	319	119	the	the	DET
iiclr-17574	319	120	comptroller	comptroller	NOUN
iiclr-17574	319	121	and	and	CCONJ
iiclr-17574	319	122	currency	currency	NOUN
iiclr-17574	319	123	authorized	authorize	VERB
iiclr-17574	319	124	national	national	ADJ
iiclr-17574	319	125	banks	bank	NOUN
iiclr-17574	319	126	to	to	PART
iiclr-17574	319	127	recommend	recommend	VERB
iiclr-17574	319	128	and	and	CCONJ
iiclr-17574	319	129	broker	broker	VERB
iiclr-17574	319	130	mutual	mutual	ADJ
iiclr-17574	319	131	funds	fund	NOUN
iiclr-17574	319	132	for	for	ADP
iiclr-17574	319	133	which	which	PRON
iiclr-17574	319	134	the	the	DET
iiclr-17574	319	135	bank	bank	NOUN
iiclr-17574	319	136	acts	act	VERB
iiclr-17574	319	137	as	as	ADP
iiclr-17574	319	138	an	an	DET
iiclr-17574	319	139	investment	investment	NOUN
iiclr-17574	319	140	80	80	NUM
iiclr-17574	319	141	.	.	PUNCT
iiclr-17574	320	1	see	see	VERB
iiclr-17574	320	2	statements	statement	NOUN
iiclr-17574	320	3	to	to	ADP
iiclr-17574	320	4	the	the	DET
iiclr-17574	320	5	congress	congress	NOUN
iiclr-17574	320	6	;	;	PUNCT
iiclr-17574	320	7	policy	policy	NOUN
iiclr-17574	320	8	statements	statement	NOUN
iiclr-17574	320	9	by	by	ADP
iiclr-17574	320	10	members	member	NOUN
iiclr-17574	320	11	of	of	ADP
iiclr-17574	320	12	federal	federal	PROPN
iiclr-17574	320	13	reserve	reserve	PROPN
iiclr-17574	320	14	system	system	NOUN
iiclr-17574	320	15	,	,	PUNCT
iiclr-17574	320	16	76	76	NUM
iiclr-17574	320	17	fed	fed	PROPN
iiclr-17574	320	18	.	.	PUNCT
iiclr-17574	320	19	reserve	reserve	PROPN
iiclr-17574	320	20	bull	bull	PROPN
iiclr-17574	320	21	.	.	PUNCT
iiclr-17574	321	1	301	301	NUM
iiclr-17574	321	2	,	,	PUNCT
iiclr-17574	321	3	313	313	NUM
iiclr-17574	321	4	(	(	PUNCT
iiclr-17574	321	5	1990	1990	NUM
iiclr-17574	321	6	)	)	PUNCT
iiclr-17574	321	7	.	.	PUNCT
iiclr-17574	322	1	in	in	ADP
iiclr-17574	322	2	january	january	PROPN
iiclr-17574	322	3	1989	1989	NUM
iiclr-17574	322	4	,	,	PUNCT
iiclr-17574	322	5	the	the	DET
iiclr-17574	322	6	[	[	X
iiclr-17574	322	7	federal	federal	ADJ
iiclr-17574	322	8	reserve	reserve	PROPN
iiclr-17574	322	9	]	]	PUNCT
iiclr-17574	322	10	board	board	NOUN
iiclr-17574	322	11	expanded	expand	VERB
iiclr-17574	322	12	the	the	DET
iiclr-17574	322	13	range	range	NOUN
iiclr-17574	322	14	of	of	ADP
iiclr-17574	322	15	securities	security	NOUN
iiclr-17574	322	16	that	that	PRON
iiclr-17574	322	17	could	could	AUX
iiclr-17574	322	18	be	be	AUX
iiclr-17574	322	19	underwritten	underwrite	VERB
iiclr-17574	322	20	in	in	ADP
iiclr-17574	322	21	a	a	DET
iiclr-17574	322	22	section	section	NOUN
iiclr-17574	322	23	20	20	NUM
iiclr-17574	322	24	subsidiary	subsidiary	NOUN
iiclr-17574	322	25	to	to	PART
iiclr-17574	322	26	include	include	VERB
iiclr-17574	322	27	any	any	DET
iiclr-17574	322	28	debt	debt	NOUN
iiclr-17574	322	29	or	or	CCONJ
iiclr-17574	322	30	equity	equity	NOUN
iiclr-17574	322	31	security	security	NOUN
iiclr-17574	322	32	except	except	SCONJ
iiclr-17574	322	33	shares	share	NOUN
iiclr-17574	322	34	of	of	ADP
iiclr-17574	322	35	mutual	mutual	ADJ
iiclr-17574	322	36	funds	fund	NOUN
iiclr-17574	322	37	....	....	PUNCT
iiclr-17574	323	1	in	in	ADP
iiclr-17574	323	2	september	september	PROPN
iiclr-17574	323	3	1989	1989	NUM
iiclr-17574	323	4	,	,	PUNCT
iiclr-17574	323	5	the	the	DET
iiclr-17574	323	6	board	board	NOUN
iiclr-17574	323	7	raised	raise	VERB
iiclr-17574	323	8	from	from	ADP
iiclr-17574	323	9	5	5	NUM
iiclr-17574	323	10	to	to	PART
iiclr-17574	323	11	10	10	NUM
iiclr-17574	323	12	percent	percent	NOUN
iiclr-17574	323	13	the	the	DET
iiclr-17574	323	14	revenue	revenue	NOUN
iiclr-17574	323	15	limit	limit	NOUN
iiclr-17574	323	16	on	on	ADP
iiclr-17574	323	17	the	the	DET
iiclr-17574	323	18	amount	amount	NOUN
iiclr-17574	323	19	of	of	ADP
iiclr-17574	323	20	total	total	ADJ
iiclr-17574	323	21	revenues	revenue	NOUN
iiclr-17574	323	22	that	that	PRON
iiclr-17574	323	23	a	a	DET
iiclr-17574	323	24	section	section	NOUN
iiclr-17574	323	25	20	20	NUM
iiclr-17574	323	26	subsidiary	subsidiary	NOUN
iiclr-17574	323	27	could	could	AUX
iiclr-17574	323	28	derive	derive	VERB
iiclr-17574	323	29	from	from	ADP
iiclr-17574	323	30	underwriting	underwrite	VERB
iiclr-17574	323	31	and	and	CCONJ
iiclr-17574	323	32	dealing	deal	VERB
iiclr-17574	323	33	in	in	ADP
iiclr-17574	323	34	ineligible	ineligible	ADJ
iiclr-17574	323	35	securities	security	NOUN
iiclr-17574	323	36	.	.	PUNCT
iiclr-17574	324	1	i	i	PRON
iiclr-17574	324	2	d.	d.	PROPN
iiclr-17574	324	3	at	at	ADP
iiclr-17574	324	4	313	313	NUM
iiclr-17574	324	5	-	-	SYM
iiclr-17574	324	6	14	14	NUM
iiclr-17574	324	7	.	.	PUNCT
iiclr-17574	325	1	but	but	CCONJ
iiclr-17574	325	2	c.f	c.f	PROPN
iiclr-17574	325	3	alternate	alternate	PROPN
iiclr-17574	325	4	revenue	revenue	NOUN
iiclr-17574	325	5	test	test	NOUN
iiclr-17574	325	6	is	be	AUX
iiclr-17574	325	7	about	about	ADV
iiclr-17574	325	8	as	as	ADV
iiclr-17574	325	9	far	far	ADV
iiclr-17574	325	10	as	as	SCONJ
iiclr-17574	325	11	fed	fed	PROPN
iiclr-17574	325	12	will	will	AUX
iiclr-17574	325	13	go	go	VERB
iiclr-17574	325	14	on	on	ADP
iiclr-17574	325	15	section	section	NOUN
iiclr-17574	325	16	20	20	NUM
iiclr-17574	325	17	,	,	PUNCT
iiclr-17574	325	18	12	12	NUM
iiclr-17574	325	19	banking	banking	NOUN
iiclr-17574	325	20	policy	policy	NOUN
iiclr-17574	325	21	report	report	NOUN
iiclr-17574	325	22	10	10	NUM
iiclr-17574	325	23	(	(	PUNCT
iiclr-17574	325	24	1993	1993	NUM
iiclr-17574	325	25	)	)	PUNCT
iiclr-17574	325	26	(	(	PUNCT
iiclr-17574	325	27	explaining	explain	VERB
iiclr-17574	325	28	a	a	DET
iiclr-17574	325	29	section	section	NOUN
iiclr-17574	325	30	20	20	NUM
iiclr-17574	325	31	company	company	NOUN
iiclr-17574	325	32	"	"	PUNCT
iiclr-17574	325	33	can	can	AUX
iiclr-17574	325	34	elect	elect	VERB
iiclr-17574	325	35	to	to	PART
iiclr-17574	325	36	use	use	VERB
iiclr-17574	325	37	either	either	CCONJ
iiclr-17574	325	38	the	the	DET
iiclr-17574	325	39	original	original	ADJ
iiclr-17574	325	40	10	10	NUM
iiclr-17574	325	41	percent	percent	NOUN
iiclr-17574	325	42	revenue	revenue	NOUN
iiclr-17574	325	43	standard	standard	NOUN
iiclr-17574	325	44	or	or	CCONJ
iiclr-17574	325	45	the	the	DET
iiclr-17574	325	46	alternative	alternative	ADJ
iiclr-17574	325	47	indexed	index	VERB
iiclr-17574	325	48	revenue	revenue	NOUN
iiclr-17574	325	49	test	test	NOUN
iiclr-17574	325	50	for	for	ADP
iiclr-17574	325	51	purposes	purpose	NOUN
iiclr-17574	325	52	of	of	ADP
iiclr-17574	325	53	calculating	calculate	VERB
iiclr-17574	325	54	compliance	compliance	NOUN
iiclr-17574	325	55	"	"	PUNCT
iiclr-17574	325	56	)	)	PUNCT
iiclr-17574	325	57	.	.	PUNCT
iiclr-17574	326	1	see	see	VERB
iiclr-17574	326	2	also	also	ADV
iiclr-17574	326	3	robert	robert	PROPN
iiclr-17574	326	4	m.	m.	PROPN
iiclr-17574	326	5	kurucza	kurucza	PROPN
iiclr-17574	326	6	et	et	PROPN
iiclr-17574	326	7	al	al	PROPN
iiclr-17574	326	8	.	.	PROPN
iiclr-17574	326	9	,	,	PUNCT
iiclr-17574	326	10	securities	security	NOUN
iiclr-17574	326	11	andinvestment	andinvestment	NOUN
iiclr-17574	326	12	activities	activity	NOUN
iiclr-17574	326	13	ofbanks	ofbank	VERB
iiclr-17574	326	14	,	,	PUNCT
iiclr-17574	326	15	48	48	NUM
iiclr-17574	326	16	bus	bus	NOUN
iiclr-17574	326	17	.	.	PUNCT
iiclr-17574	327	1	law	law	NOUN
iiclr-17574	327	2	.	.	PUNCT
iiclr-17574	328	1	1105	1105	NUM
iiclr-17574	328	2	,	,	PUNCT
iiclr-17574	328	3	1110	1110	NUM
iiclr-17574	328	4	(	(	PUNCT
iiclr-17574	328	5	1993	1993	NUM
iiclr-17574	328	6	)	)	PUNCT
iiclr-17574	329	1	(	(	PUNCT
iiclr-17574	329	2	explaining	explain	VERB
iiclr-17574	329	3	that	that	SCONJ
iiclr-17574	329	4	the	the	DET
iiclr-17574	329	5	frb	frb	NOUN
iiclr-17574	329	6	issued	issue	VERB
iiclr-17574	329	7	a	a	DET
iiclr-17574	329	8	final	final	ADJ
iiclr-17574	329	9	order	order	NOUN
iiclr-17574	329	10	approving	approve	VERB
iiclr-17574	329	11	the	the	DET
iiclr-17574	329	12	use	use	NOUN
iiclr-17574	329	13	by	by	ADP
iiclr-17574	329	14	section	section	NOUN
iiclr-17574	329	15	20	20	NUM
iiclr-17574	329	16	subsidiaries	subsidiary	NOUN
iiclr-17574	329	17	of	of	ADP
iiclr-17574	329	18	the	the	DET
iiclr-17574	329	19	indexed	index	VERB
iiclr-17574	329	20	revenue	revenue	NOUN
iiclr-17574	329	21	-	-	PUNCT
iiclr-17574	329	22	based	base	VERB
iiclr-17574	329	23	test	test	NOUN
iiclr-17574	329	24	)	)	PUNCT
iiclr-17574	329	25	.	.	PUNCT
iiclr-17574	330	1	81	81	NUM
iiclr-17574	330	2	.	.	PUNCT
iiclr-17574	331	1	i	i	PRON
iiclr-17574	331	2	d.	d.	PROPN
iiclr-17574	331	3	at	at	ADP
iiclr-17574	331	4	62	62	NUM
iiclr-17574	331	5	.	.	PUNCT
iiclr-17574	332	1	82	82	NUM
iiclr-17574	332	2	.	.	NOUN
iiclr-17574	332	3	12	12	NUM
iiclr-17574	332	4	c.f.r	c.f.r	NOUN
iiclr-17574	332	5	.	.	PUNCT
iiclr-17574	333	1	§	§	PROPN
iiclr-17574	333	2	225.125(e	225.125(e	NUM
iiclr-17574	333	3	)	)	PUNCT
iiclr-17574	333	4	.	.	PUNCT
iiclr-17574	334	1	83	83	NUM
iiclr-17574	334	2	.	.	PUNCT
iiclr-17574	334	3	12	12	NUM
iiclr-17574	334	4	c.f.r	c.f.r	NOUN
iiclr-17574	334	5	.	.	PUNCT
iiclr-17574	335	1	§	§	PROPN
iiclr-17574	335	2	337.4	337.4	NUM
iiclr-17574	335	3	(	(	PUNCT
iiclr-17574	335	4	1988	1988	NUM
iiclr-17574	335	5	)	)	PUNCT
iiclr-17574	335	6	.	.	PUNCT
iiclr-17574	336	1	84	84	NUM
iiclr-17574	336	2	.	.	PUNCT
iiclr-17574	337	1	securities	security	NOUN
iiclr-17574	337	2	activities	activity	NOUN
iiclr-17574	337	3	-	-	PUNCT
iiclr-17574	337	4	discount	discount	NOUN
iiclr-17574	337	5	brokerage	brokerage	NOUN
iiclr-17574	337	6	services	service	NOUN
iiclr-17574	337	7	,	,	PUNCT
iiclr-17574	337	8	f.r.r.s	f.r.r.s	PROPN
iiclr-17574	337	9	.	.	PROPN
iiclr-17574	337	10	4	4	NUM
iiclr-17574	337	11	-	-	SYM
iiclr-17574	337	12	655	655	NUM
iiclr-17574	337	13	(	(	PUNCT
iiclr-17574	337	14	mar	mar	PROPN
iiclr-17574	337	15	.	.	PROPN
iiclr-17574	337	16	1994	1994	NUM
iiclr-17574	337	17	)	)	PUNCT
iiclr-17574	337	18	.	.	PUNCT
iiclr-17574	338	1	85	85	NUM
iiclr-17574	338	2	.	.	PUNCT
iiclr-17574	339	1	inv	inv	PROPN
iiclr-17574	339	2	.	.	PUNCT
iiclr-17574	339	3	co.	co.	PROPN
iiclr-17574	339	4	inst	inst	PROPN
iiclr-17574	339	5	.	.	PUNCT
iiclr-17574	340	1	v.	v.	ADP
iiclr-17574	340	2	fdic	fdic	PROPN
iiclr-17574	340	3	,	,	PUNCT
iiclr-17574	340	4	815	815	NUM
iiclr-17574	340	5	f.2d	f.2d	NUM
iiclr-17574	340	6	1540	1540	NUM
iiclr-17574	340	7	(	(	PUNCT
iiclr-17574	340	8	d.c	d.c	PROPN
iiclr-17574	340	9	.	.	PROPN
iiclr-17574	340	10	cir	cir	PROPN
iiclr-17574	340	11	.	.	PROPN
iiclr-17574	340	12	1987	1987	NUM
iiclr-17574	340	13	)	)	PUNCT
iiclr-17574	341	1	,	,	PUNCT
iiclr-17574	341	2	cert	cert	PROPN
iiclr-17574	341	3	.	.	PUNCT
iiclr-17574	341	4	denied	deny	VERB
iiclr-17574	341	5	,	,	PUNCT
iiclr-17574	341	6	484	484	NUM
iiclr-17574	341	7	u.s	u.s	PROPN
iiclr-17574	341	8	.	.	PROPN
iiclr-17574	341	9	847	847	NUM
iiclr-17574	341	10	(	(	PUNCT
iiclr-17574	341	11	1987	1987	NUM
iiclr-17574	341	12	)	)	PUNCT
iiclr-17574	341	13	.	.	PUNCT
iiclr-17574	342	1	[	[	X
iiclr-17574	342	2	vol	vol	NOUN
iiclr-17574	342	3	.	.	PUNCT
iiclr-17574	342	4	5:2	5:2	NUM
iiclr-17574	342	5	mutual	mutual	ADJ
iiclr-17574	342	6	fund	fund	NOUN
iiclr-17574	342	7	emergence	emergence	VERB
iiclr-17574	342	8	adviser.8	adviser.8	ADV
iiclr-17574	342	9	6	6	NUM
iiclr-17574	342	10	perhaps	perhaps	ADV
iiclr-17574	342	11	the	the	DET
iiclr-17574	342	12	clearest	clear	ADJ
iiclr-17574	342	13	and	and	CCONJ
iiclr-17574	342	14	broadest	broad	ADJ
iiclr-17574	342	15	administrative	administrative	ADJ
iiclr-17574	342	16	changes	change	NOUN
iiclr-17574	342	17	came	come	VERB
iiclr-17574	342	18	in	in	ADP
iiclr-17574	342	19	1992	1992	NUM
iiclr-17574	342	20	.	.	PUNCT
iiclr-17574	343	1	in	in	ADP
iiclr-17574	343	2	july	july	PROPN
iiclr-17574	343	3	1992	1992	NUM
iiclr-17574	343	4	,	,	PUNCT
iiclr-17574	343	5	the	the	DET
iiclr-17574	343	6	federal	federal	PROPN
iiclr-17574	343	7	reserve	reserve	PROPN
iiclr-17574	343	8	board	board	PROPN
iiclr-17574	343	9	approved	approve	VERB
iiclr-17574	343	10	a	a	DET
iiclr-17574	343	11	revised	revise	VERB
iiclr-17574	343	12	interpretation	interpretation	NOUN
iiclr-17574	343	13	authorizing	authorize	VERB
iiclr-17574	343	14	bank	bank	NOUN
iiclr-17574	343	15	holding	hold	VERB
iiclr-17574	343	16	companies	company	NOUN
iiclr-17574	343	17	to	to	PART
iiclr-17574	343	18	broker	broker	VERB
iiclr-17574	343	19	and	and	CCONJ
iiclr-17574	343	20	recommend	recommend	VERB
iiclr-17574	343	21	mutual	mutual	ADJ
iiclr-17574	343	22	funds	fund	NOUN
iiclr-17574	343	23	for	for	ADP
iiclr-17574	343	24	which	which	PRON
iiclr-17574	343	25	an	an	DET
iiclr-17574	343	26	affiliate	affiliate	NOUN
iiclr-17574	343	27	acts	act	VERB
iiclr-17574	343	28	as	as	ADP
iiclr-17574	343	29	an	an	DET
iiclr-17574	343	30	investment	investment	NOUN
iiclr-17574	343	31	adviser.8	adviser.8	VERB
iiclr-17574	343	32	7	7	NUM
iiclr-17574	343	33	in	in	ADP
iiclr-17574	343	34	september	september	PROPN
iiclr-17574	343	35	of	of	ADP
iiclr-17574	343	36	the	the	DET
iiclr-17574	343	37	same	same	ADJ
iiclr-17574	343	38	year	year	NOUN
iiclr-17574	343	39	,	,	PUNCT
iiclr-17574	343	40	the	the	DET
iiclr-17574	343	41	federal	federal	PROPN
iiclr-17574	343	42	reserve	reserve	PROPN
iiclr-17574	343	43	board	board	PROPN
iiclr-17574	343	44	amended	amend	VERB
iiclr-17574	343	45	regulation	regulation	NOUN
iiclr-17574	343	46	y	y	PROPN
iiclr-17574	343	47	and	and	CCONJ
iiclr-17574	343	48	added	add	VERB
iiclr-17574	343	49	to	to	ADP
iiclr-17574	343	50	the	the	DET
iiclr-17574	343	51	list	list	NOUN
iiclr-17574	343	52	of	of	ADP
iiclr-17574	343	53	permissible	permissible	ADJ
iiclr-17574	343	54	bank	bank	NOUN
iiclr-17574	343	55	holding	hold	VERB
iiclr-17574	343	56	company	company	NOUN
iiclr-17574	343	57	activities	activitie	VERB
iiclr-17574	343	58	full	full	ADJ
iiclr-17574	343	59	-	-	PUNCT
iiclr-17574	343	60	service	service	NOUN
iiclr-17574	343	61	brokerage	brokerage	NOUN
iiclr-17574	343	62	and	and	CCONJ
iiclr-17574	343	63	expanded	expand	VERB
iiclr-17574	343	64	investment	investment	NOUN
iiclr-17574	343	65	advisory	advisory	NOUN
iiclr-17574	343	66	.	.	PUNCT
iiclr-17574	344	1	"8	"8	VERB
iiclr-17574	344	2	the	the	DET
iiclr-17574	344	3	role	role	NOUN
iiclr-17574	344	4	of	of	ADP
iiclr-17574	344	5	banks	bank	NOUN
iiclr-17574	344	6	with	with	ADP
iiclr-17574	344	7	respect	respect	NOUN
iiclr-17574	344	8	to	to	ADP
iiclr-17574	344	9	mutual	mutual	ADJ
iiclr-17574	344	10	funds	fund	NOUN
iiclr-17574	344	11	,	,	PUNCT
iiclr-17574	344	12	in	in	ADP
iiclr-17574	344	13	accordance	accordance	NOUN
iiclr-17574	344	14	with	with	ADP
iiclr-17574	344	15	the	the	DET
iiclr-17574	344	16	above	above	ADJ
iiclr-17574	344	17	rules	rule	NOUN
iiclr-17574	344	18	,	,	PUNCT
iiclr-17574	344	19	has	have	AUX
iiclr-17574	344	20	been	be	AUX
iiclr-17574	344	21	limited	limit	VERB
iiclr-17574	344	22	to	to	ADP
iiclr-17574	344	23	advisor	advisor	NOUN
iiclr-17574	344	24	,	,	PUNCT
iiclr-17574	344	25	seller	seller	NOUN
iiclr-17574	344	26	,	,	PUNCT
iiclr-17574	344	27	custodian	custodian	ADJ
iiclr-17574	344	28	,	,	PUNCT
iiclr-17574	344	29	transfer	transfer	NOUN
iiclr-17574	344	30	agent	agent	NOUN
iiclr-17574	344	31	,	,	PUNCT
iiclr-17574	344	32	shareholder	shareholder	NOUN
iiclr-17574	344	33	servicing	servicing	NOUN
iiclr-17574	344	34	,	,	PUNCT
iiclr-17574	344	35	and	and	CCONJ
iiclr-17574	344	36	administrator	administrator	NOUN
iiclr-17574	344	37	.	.	PUNCT
iiclr-17574	345	1	under	under	ADP
iiclr-17574	345	2	no	no	DET
iiclr-17574	345	3	condition	condition	NOUN
iiclr-17574	345	4	may	may	AUX
iiclr-17574	345	5	a	a	DET
iiclr-17574	345	6	bank	bank	NOUN
iiclr-17574	345	7	underwrite	underwrite	VERB
iiclr-17574	345	8	or	or	CCONJ
iiclr-17574	345	9	distribute	distribute	VERB
iiclr-17574	345	10	mutual	mutual	ADJ
iiclr-17574	345	11	funds	fund	NOUN
iiclr-17574	345	12	.	.	PUNCT
iiclr-17574	346	1	although	although	SCONJ
iiclr-17574	346	2	the	the	DET
iiclr-17574	346	3	gsa	gsa	PROPN
iiclr-17574	346	4	does	do	AUX
iiclr-17574	346	5	not	not	PART
iiclr-17574	346	6	explicitly	explicitly	ADV
iiclr-17574	346	7	define	define	VERB
iiclr-17574	346	8	the	the	DET
iiclr-17574	346	9	term	term	NOUN
iiclr-17574	346	10	"	"	PUNCT
iiclr-17574	346	11	distribution	distribution	NOUN
iiclr-17574	346	12	,	,	PUNCT
iiclr-17574	346	13	"	"	PUNCT
iiclr-17574	346	14	it	it	PRON
iiclr-17574	346	15	has	have	AUX
iiclr-17574	346	16	been	be	AUX
iiclr-17574	346	17	interpreted	interpret	VERB
iiclr-17574	346	18	to	to	PART
iiclr-17574	346	19	be	be	AUX
iiclr-17574	346	20	similar	similar	ADJ
iiclr-17574	346	21	in	in	ADP
iiclr-17574	346	22	scope	scope	NOUN
iiclr-17574	346	23	to	to	ADP
iiclr-17574	346	24	traditional	traditional	ADJ
iiclr-17574	346	25	"	"	PUNCT
iiclr-17574	346	26	underwriting	underwriting	NOUN
iiclr-17574	346	27	"	"	PUNCT
iiclr-17574	346	28	of	of	ADP
iiclr-17574	346	29	newly	newly	ADV
iiclr-17574	346	30	issued	issue	VERB
iiclr-17574	346	31	securities.89	securities.89	NOUN
iiclr-17574	346	32	while	while	SCONJ
iiclr-17574	346	33	an	an	DET
iiclr-17574	346	34	underwriter	underwriter	NOUN
iiclr-17574	346	35	actually	actually	ADV
iiclr-17574	346	36	provides	provide	VERB
iiclr-17574	346	37	the	the	DET
iiclr-17574	346	38	initial	initial	ADJ
iiclr-17574	346	39	capitalization	capitalization	NOUN
iiclr-17574	346	40	,	,	PUNCT
iiclr-17574	346	41	the	the	DET
iiclr-17574	346	42	distributor	distributor	NOUN
iiclr-17574	346	43	organizes	organize	VERB
iiclr-17574	346	44	the	the	DET
iiclr-17574	346	45	fund	fund	NOUN
iiclr-17574	346	46	;	;	PUNCT
iiclr-17574	346	47	registers	register	NOUN
iiclr-17574	346	48	with	with	ADP
iiclr-17574	346	49	the	the	DET
iiclr-17574	346	50	sec	sec	PROPN
iiclr-17574	346	51	;	;	PUNCT
iiclr-17574	346	52	prepares	prepare	VERB
iiclr-17574	346	53	the	the	DET
iiclr-17574	346	54	prospectus	prospectus	NOUN
iiclr-17574	346	55	,	,	PUNCT
iiclr-17574	346	56	marketing	marketing	NOUN
iiclr-17574	346	57	materials	material	NOUN
iiclr-17574	346	58	,	,	PUNCT
iiclr-17574	346	59	proxies	proxy	NOUN
iiclr-17574	346	60	,	,	PUNCT
iiclr-17574	346	61	and	and	CCONJ
iiclr-17574	346	62	shareholder	shareholder	NOUN
iiclr-17574	346	63	reports	report	NOUN
iiclr-17574	346	64	;	;	PUNCT
iiclr-17574	346	65	and	and	CCONJ
iiclr-17574	346	66	arranges	arrange	NOUN
iiclr-17574	346	67	for	for	ADP
iiclr-17574	346	68	credit	credit	NOUN
iiclr-17574	346	69	lines	line	NOUN
iiclr-17574	346	70	.	.	PUNCT
iiclr-17574	347	1	banks	bank	NOUN
iiclr-17574	347	2	need	need	VERB
iiclr-17574	347	3	an	an	DET
iiclr-17574	347	4	underwriter	underwriter	NOUN
iiclr-17574	347	5	or	or	CCONJ
iiclr-17574	347	6	distributor	distributor	NOUN
iiclr-17574	347	7	independent	independent	ADJ
iiclr-17574	347	8	of	of	ADP
iiclr-17574	347	9	the	the	DET
iiclr-17574	347	10	bank	bank	NOUN
iiclr-17574	347	11	itself	itself	PRON
iiclr-17574	347	12	to	to	PART
iiclr-17574	347	13	create	create	VERB
iiclr-17574	347	14	the	the	DET
iiclr-17574	347	15	investment	investment	NOUN
iiclr-17574	347	16	company.9	company.9	PUNCT
iiclr-17574	347	17	"	"	PUNCT
iiclr-17574	347	18	gsa	gsa	PROPN
iiclr-17574	347	19	prohibits	prohibit	VERB
iiclr-17574	347	20	such	such	ADJ
iiclr-17574	347	21	activities	activity	NOUN
iiclr-17574	347	22	due	due	ADJ
iiclr-17574	347	23	to	to	ADP
iiclr-17574	347	24	concerns	concern	NOUN
iiclr-17574	347	25	that	that	SCONJ
iiclr-17574	347	26	they	they	PRON
iiclr-17574	347	27	are	be	AUX
iiclr-17574	347	28	too	too	ADV
iiclr-17574	347	29	speculative	speculative	ADJ
iiclr-17574	347	30	for	for	ADP
iiclr-17574	347	31	national	national	ADJ
iiclr-17574	347	32	banks	bank	NOUN
iiclr-17574	347	33	and	and	CCONJ
iiclr-17574	347	34	may	may	AUX
iiclr-17574	347	35	subsequently	subsequently	ADV
iiclr-17574	347	36	expose	expose	VERB
iiclr-17574	347	37	them	they	PRON
iiclr-17574	347	38	to	to	ADP
iiclr-17574	347	39	other	other	ADJ
iiclr-17574	347	40	subtle	subtle	ADJ
iiclr-17574	347	41	hazards	hazard	NOUN
iiclr-17574	347	42	.	.	PUNCT
iiclr-17574	348	1	the	the	DET
iiclr-17574	348	2	legislation	legislation	NOUN
iiclr-17574	348	3	prevents	prevent	VERB
iiclr-17574	348	4	commercial	commercial	ADJ
iiclr-17574	348	5	banks	bank	NOUN
iiclr-17574	348	6	from	from	ADP
iiclr-17574	348	7	purchasing	purchase	VERB
iiclr-17574	348	8	mutual	mutual	ADJ
iiclr-17574	348	9	fund	fund	NOUN
iiclr-17574	348	10	shares	share	NOUN
iiclr-17574	348	11	from	from	ADP
iiclr-17574	348	12	the	the	DET
iiclr-17574	348	13	issuer	issuer	NOUN
iiclr-17574	348	14	,	,	PUNCT
iiclr-17574	348	15	in	in	ADP
iiclr-17574	348	16	their	their	PRON
iiclr-17574	348	17	own	own	ADJ
iiclr-17574	348	18	account	account	NOUN
iiclr-17574	348	19	,	,	PUNCT
iiclr-17574	348	20	independently	independently	ADV
iiclr-17574	348	21	or	or	CCONJ
iiclr-17574	348	22	in	in	ADP
iiclr-17574	348	23	conjunction	conjunction	NOUN
iiclr-17574	348	24	with	with	ADP
iiclr-17574	348	25	other	other	ADJ
iiclr-17574	348	26	underwriters	underwriter	NOUN
iiclr-17574	348	27	who	who	PRON
iiclr-17574	348	28	also	also	ADV
iiclr-17574	348	29	purchase	purchase	VERB
iiclr-17574	348	30	and	and	CCONJ
iiclr-17574	348	31	sell	sell	VERB
iiclr-17574	348	32	the	the	DET
iiclr-17574	348	33	particular	particular	ADJ
iiclr-17574	348	34	issue	issue	NOUN
iiclr-17574	348	35	of	of	ADP
iiclr-17574	348	36	mutual	mutual	ADJ
iiclr-17574	348	37	funds	fund	NOUN
iiclr-17574	348	38	as	as	ADP
iiclr-17574	348	39	principals	principal	NOUN
iiclr-17574	348	40	.	.	PUNCT
iiclr-17574	349	1	commercial	commercial	ADJ
iiclr-17574	349	2	banks	bank	NOUN
iiclr-17574	349	3	may	may	AUX
iiclr-17574	349	4	,	,	PUNCT
iiclr-17574	349	5	however	however	ADV
iiclr-17574	349	6	,	,	PUNCT
iiclr-17574	349	7	take	take	VERB
iiclr-17574	349	8	an	an	DET
iiclr-17574	349	9	active	active	ADJ
iiclr-17574	349	10	role	role	NOUN
iiclr-17574	349	11	in	in	ADP
iiclr-17574	349	12	marketing	marketing	NOUN
iiclr-17574	349	13	,	,	PUNCT
iiclr-17574	349	14	such	such	ADJ
iiclr-17574	349	15	as	as	ADP
iiclr-17574	349	16	providing	provide	VERB
iiclr-17574	349	17	brokerage	brokerage	NOUN
iiclr-17574	349	18	and	and	CCONJ
iiclr-17574	349	19	investment	investment	NOUN
iiclr-17574	349	20	advisory	advisory	ADJ
iiclr-17574	349	21	services	service	NOUN
iiclr-17574	349	22	to	to	ADP
iiclr-17574	349	23	customers	customer	NOUN
iiclr-17574	349	24	-	-	PUNCT
iiclr-17574	349	25	and	and	CCONJ
iiclr-17574	349	26	advertising	advertising	NOUN
iiclr-17574	349	27	related	relate	VERB
iiclr-17574	349	28	to	to	ADP
iiclr-17574	349	29	those	those	DET
iiclr-17574	349	30	services	service	NOUN
iiclr-17574	349	31	.	.	PUNCT
iiclr-17574	350	1	commercial	commercial	ADJ
iiclr-17574	350	2	bank	bank	NOUN
iiclr-17574	350	3	assets	asset	NOUN
iiclr-17574	350	4	are	be	AUX
iiclr-17574	350	5	therefore	therefore	ADV
iiclr-17574	350	6	not	not	PART
iiclr-17574	350	7	exposed	expose	VERB
iiclr-17574	350	8	to	to	ADP
iiclr-17574	350	9	the	the	DET
iiclr-17574	350	10	type	type	NOUN
iiclr-17574	350	11	of	of	ADP
iiclr-17574	350	12	risks	risk	NOUN
iiclr-17574	350	13	traditionally	traditionally	ADV
iiclr-17574	350	14	associated	associate	VERB
iiclr-17574	350	15	with	with	ADP
iiclr-17574	350	16	underwriting	underwriting	NOUN
iiclr-17574	350	17	and	and	CCONJ
iiclr-17574	350	18	distribution	distribution	NOUN
iiclr-17574	350	19	.	.	PUNCT
iiclr-17574	351	1	b.	b.	PROPN
iiclr-17574	352	1	the	the	DET
iiclr-17574	352	2	law	law	NOUN
iiclr-17574	352	3	and	and	CCONJ
iiclr-17574	352	4	procedure	procedure	NOUN
iiclr-17574	352	5	for	for	ADP
iiclr-17574	352	6	the	the	DET
iiclr-17574	352	7	bank	bank	NOUN
iiclr-17574	352	8	sale	sale	NOUN
iiclr-17574	352	9	of	of	ADP
iiclr-17574	352	10	mutual	mutual	ADJ
iiclr-17574	352	11	funds	fund	NOUN
iiclr-17574	352	12	in	in	ADP
iiclr-17574	352	13	pursuing	pursue	VERB
iiclr-17574	352	14	mutual	mutual	ADJ
iiclr-17574	352	15	fund	fund	NOUN
iiclr-17574	352	16	opportunities	opportunity	NOUN
iiclr-17574	352	17	in	in	ADP
iiclr-17574	352	18	retail	retail	ADJ
iiclr-17574	352	19	sectors	sector	NOUN
iiclr-17574	352	20	,	,	PUNCT
iiclr-17574	352	21	banks	bank	NOUN
iiclr-17574	352	22	have	have	VERB
iiclr-17574	352	23	three	three	NUM
iiclr-17574	352	24	options	option	NOUN
iiclr-17574	352	25	.	.	PUNCT
iiclr-17574	353	1	first	first	ADV
iiclr-17574	353	2	,	,	PUNCT
iiclr-17574	353	3	they	they	PRON
iiclr-17574	353	4	can	can	AUX
iiclr-17574	353	5	manage	manage	VERB
iiclr-17574	353	6	and	and	CCONJ
iiclr-17574	353	7	advise	advise	VERB
iiclr-17574	353	8	proprietary	proprietary	ADJ
iiclr-17574	353	9	mutual	mutual	ADJ
iiclr-17574	353	10	funds	fund	NOUN
iiclr-17574	353	11	,	,	PUNCT
iiclr-17574	353	12	which	which	PRON
iiclr-17574	353	13	86	86	NUM
iiclr-17574	353	14	.	.	PUNCT
iiclr-17574	354	1	occ	occ	X
iiclr-17574	354	2	interpretative	interpretative	ADJ
iiclr-17574	354	3	letter	letter	NOUN
iiclr-17574	354	4	no	no	INTJ
iiclr-17574	354	5	.	.	PUNCT
iiclr-17574	354	6	403	403	NUM
iiclr-17574	354	7	,	,	PUNCT
iiclr-17574	354	8	reprinted	reprint	VERB
iiclr-17574	354	9	in	in	ADP
iiclr-17574	354	10	fed	fed	PROPN
iiclr-17574	354	11	.	.	PUNCT
iiclr-17574	355	1	banking	banking	PROPN
iiclr-17574	355	2	l.	l.	PROPN
iiclr-17574	355	3	rep	rep	PROPN
iiclr-17574	355	4	.	.	PROPN
iiclr-17574	355	5	(	(	PUNCT
iiclr-17574	355	6	cch	cch	PROPN
iiclr-17574	355	7	)	)	PUNCT
iiclr-17574	355	8	85,627	85,627	NUM
iiclr-17574	355	9	(	(	PUNCT
iiclr-17574	355	10	dec	dec	PROPN
iiclr-17574	355	11	.	.	PROPN
iiclr-17574	355	12	9	9	NUM
iiclr-17574	355	13	,	,	PUNCT
iiclr-17574	355	14	1987	1987	NUM
iiclr-17574	355	15	)	)	PUNCT
iiclr-17574	355	16	.	.	PUNCT
iiclr-17574	356	1	87	87	NUM
iiclr-17574	356	2	.	.	PUNCT
iiclr-17574	357	1	57	57	NUM
iiclr-17574	357	2	fed	fed	PROPN
iiclr-17574	357	3	.	.	PUNCT
iiclr-17574	358	1	reg	reg	PROPN
iiclr-17574	358	2	.	.	PUNCT
iiclr-17574	359	1	30,387	30,387	NUM
iiclr-17574	359	2	(	(	PUNCT
iiclr-17574	359	3	1992	1992	NUM
iiclr-17574	359	4	)	)	PUNCT
iiclr-17574	359	5	.	.	PUNCT
iiclr-17574	360	1	88	88	NUM
iiclr-17574	360	2	.	.	X
iiclr-17574	361	1	57	57	NUM
iiclr-17574	361	2	fed	fed	PROPN
iiclr-17574	361	3	.	.	PUNCT
iiclr-17574	362	1	reg	reg	PROPN
iiclr-17574	362	2	.	.	PUNCT
iiclr-17574	363	1	41,381	41,381	NUM
iiclr-17574	363	2	(	(	PUNCT
iiclr-17574	363	3	1992	1992	NUM
iiclr-17574	363	4	)	)	PUNCT
iiclr-17574	363	5	.	.	PUNCT
iiclr-17574	364	1	89	89	NUM
iiclr-17574	364	2	.	.	PUNCT
iiclr-17574	365	1	see	see	VERB
iiclr-17574	365	2	securities	security	NOUN
iiclr-17574	365	3	indus	indus	PROPN
iiclr-17574	365	4	.	.	PUNCT
iiclr-17574	365	5	ass'nv	ass'nv	PROPN
iiclr-17574	365	6	.	.	PUNCT
iiclr-17574	366	1	bd	bd	PROPN
iiclr-17574	366	2	.	.	PROPN
iiclr-17574	366	3	of	of	ADP
iiclr-17574	366	4	governors	governor	NOUN
iiclr-17574	366	5	of	of	ADP
iiclr-17574	366	6	the	the	DET
iiclr-17574	366	7	fed	fed	PROPN
iiclr-17574	366	8	.	.	PUNCT
iiclr-17574	366	9	reserve	reserve	PROPN
iiclr-17574	366	10	sys	sys	PROPN
iiclr-17574	366	11	.	.	PROPN
iiclr-17574	366	12	,	,	PUNCT
iiclr-17574	366	13	468	468	NUM
iiclr-17574	366	14	u.s	u.s	PROPN
iiclr-17574	366	15	.	.	PROPN
iiclr-17574	366	16	207	207	NUM
iiclr-17574	366	17	,	,	PUNCT
iiclr-17574	366	18	217	217	NUM
iiclr-17574	366	19	(	(	PUNCT
iiclr-17574	366	20	1984	1984	NUM
iiclr-17574	366	21	)	)	PUNCT
iiclr-17574	366	22	(	(	PUNCT
iiclr-17574	366	23	"	"	PUNCT
iiclr-17574	366	24	terms	term	NOUN
iiclr-17574	366	25	'	'	PUNCT
iiclr-17574	366	26	underwriting	underwriting	NOUN
iiclr-17574	366	27	'	'	PUNCT
iiclr-17574	366	28	and	and	CCONJ
iiclr-17574	366	29	'	'	PUNCT
iiclr-17574	366	30	distribution	distribution	NOUN
iiclr-17574	366	31	'	'	PUNCT
iiclr-17574	366	32	traditionally	traditionally	ADV
iiclr-17574	366	33	apply	apply	VERB
iiclr-17574	366	34	to	to	ADP
iiclr-17574	366	35	functions	function	NOUN
iiclr-17574	366	36	different	different	ADJ
iiclr-17574	366	37	from	from	ADP
iiclr-17574	366	38	that	that	PRON
iiclr-17574	366	39	of	of	ADP
iiclr-17574	366	40	a	a	DET
iiclr-17574	366	41	securities	security	NOUN
iiclr-17574	366	42	broker	broker	NOUN
iiclr-17574	366	43	"	"	PUNCT
iiclr-17574	366	44	)	)	PUNCT
iiclr-17574	366	45	.	.	PUNCT
iiclr-17574	367	1	90	90	NUM
iiclr-17574	367	2	.	.	PUNCT
iiclr-17574	368	1	malcolm	malcolm	PROPN
iiclr-17574	368	2	p.	p.	PROPN
iiclr-17574	368	3	northam	northam	PROPN
iiclr-17574	368	4	,	,	PUNCT
iiclr-17574	368	5	mutual	mutual	ADJ
iiclr-17574	368	6	funds	fund	NOUN
iiclr-17574	368	7	...	...	PUNCT
iiclr-17574	368	8	beyond	beyond	ADP
iiclr-17574	368	9	the	the	DET
iiclr-17574	368	10	interagency	interagency	NOUN
iiclr-17574	368	11	statement	statement	NOUN
iiclr-17574	368	12	,	,	PUNCT
iiclr-17574	368	13	opportunities	opportunity	NOUN
iiclr-17574	368	14	for	for	ADP
iiclr-17574	368	15	financial	financial	ADJ
iiclr-17574	368	16	institutions	institution	NOUN
iiclr-17574	368	17	(	(	PUNCT
iiclr-17574	368	18	federal	federal	ADJ
iiclr-17574	368	19	financial	financial	ADJ
iiclr-17574	368	20	institutions	institution	NOUN
iiclr-17574	368	21	examination	examination	PROPN
iiclr-17574	368	22	council	council	PROPN
iiclr-17574	368	23	,	,	PUNCT
iiclr-17574	368	24	arlington	arlington	PROPN
iiclr-17574	368	25	,	,	PUNCT
iiclr-17574	368	26	va	va	PROPN
iiclr-17574	368	27	.	.	PROPN
iiclr-17574	368	28	,	,	PUNCT
iiclr-17574	368	29	1994	1994	NUM
iiclr-17574	368	30	)	)	PUNCT
iiclr-17574	368	31	(	(	PUNCT
iiclr-17574	368	32	on	on	ADP
iiclr-17574	368	33	file	file	NOUN
iiclr-17574	368	34	with	with	ADP
iiclr-17574	368	35	ind	ind	NOUN
iiclr-17574	368	36	.	.	PUNCT
iiclr-17574	369	1	int'l	int'l	PROPN
iiclr-17574	369	2	&	&	CCONJ
iiclr-17574	369	3	comp	comp	PROPN
iiclr-17574	369	4	.	.	PUNCT
iiclr-17574	370	1	l.	l.	PROPN
iiclr-17574	370	2	rev	rev	PROPN
iiclr-17574	370	3	.	.	PROPN
iiclr-17574	370	4	)	)	PUNCT
iiclr-17574	370	5	.	.	PUNCT
iiclr-17574	371	1	19951	19951	NUM
iiclr-17574	371	2	ind	ind	NOUN
iiclr-17574	371	3	.	.	PUNCT
iiclr-17574	372	1	int'l	int'l	PROPN
iiclr-17574	372	2	&	&	CCONJ
iiclr-17574	372	3	comp	comp	PROPN
iiclr-17574	372	4	.	.	PUNCT
iiclr-17574	373	1	l.	l.	PROPN
iiclr-17574	373	2	rev	rev	PROPN
iiclr-17574	373	3	.	.	PROPN
iiclr-17574	374	1	are	be	AUX
iiclr-17574	374	2	underwritten	underwrite	VERB
iiclr-17574	374	3	by	by	ADP
iiclr-17574	374	4	an	an	DET
iiclr-17574	374	5	unaffiliated	unaffiliated	ADJ
iiclr-17574	374	6	distributor.9	distributor.9	PRON
iiclr-17574	374	7	second	second	ADJ
iiclr-17574	374	8	,	,	PUNCT
iiclr-17574	374	9	they	they	PRON
iiclr-17574	374	10	can	can	AUX
iiclr-17574	374	11	earn	earn	VERB
iiclr-17574	374	12	commission	commission	NOUN
iiclr-17574	374	13	income	income	NOUN
iiclr-17574	374	14	by	by	ADP
iiclr-17574	374	15	acting	act	VERB
iiclr-17574	374	16	as	as	ADP
iiclr-17574	374	17	a	a	DET
iiclr-17574	374	18	broker	broker	NOUN
iiclr-17574	374	19	for	for	ADP
iiclr-17574	374	20	mutual	mutual	ADJ
iiclr-17574	374	21	fund	fund	NOUN
iiclr-17574	374	22	products	product	NOUN
iiclr-17574	374	23	offered	offer	VERB
iiclr-17574	374	24	by	by	ADP
iiclr-17574	374	25	established	establish	VERB
iiclr-17574	374	26	mutual	mutual	ADJ
iiclr-17574	374	27	fund	fund	NOUN
iiclr-17574	374	28	sponsors	sponsor	NOUN
iiclr-17574	374	29	.	.	PUNCT
iiclr-17574	375	1	this	this	DET
iiclr-17574	375	2	option	option	NOUN
iiclr-17574	375	3	requires	require	VERB
iiclr-17574	375	4	minimal	minimal	ADJ
iiclr-17574	375	5	effort	effort	NOUN
iiclr-17574	375	6	and	and	CCONJ
iiclr-17574	375	7	capital	capital	NOUN
iiclr-17574	375	8	investment.9	investment.9	ADJ
iiclr-17574	375	9	2	2	NUM
iiclr-17574	375	10	third	third	ADJ
iiclr-17574	375	11	,	,	PUNCT
iiclr-17574	375	12	banks	bank	NOUN
iiclr-17574	375	13	can	can	AUX
iiclr-17574	375	14	make	make	VERB
iiclr-17574	375	15	available	available	ADJ
iiclr-17574	375	16	"	"	PUNCT
iiclr-17574	375	17	private	private	ADJ
iiclr-17574	375	18	-	-	PUNCT
iiclr-17574	375	19	label	label	NOUN
iiclr-17574	375	20	"	"	PUNCT
iiclr-17574	375	21	mutual	mutual	ADJ
iiclr-17574	375	22	funds	fund	NOUN
iiclr-17574	375	23	which	which	PRON
iiclr-17574	375	24	bear	bear	VERB
iiclr-17574	375	25	names	name	NOUN
iiclr-17574	375	26	designated	designate	VERB
iiclr-17574	375	27	by	by	ADP
iiclr-17574	375	28	the	the	DET
iiclr-17574	375	29	bank	bank	NOUN
iiclr-17574	375	30	,	,	PUNCT
iiclr-17574	375	31	but	but	CCONJ
iiclr-17574	375	32	actually	actually	ADV
iiclr-17574	375	33	are	be	AUX
iiclr-17574	375	34	existing	exist	VERB
iiclr-17574	375	35	funds	fund	NOUN
iiclr-17574	375	36	sponsored	sponsor	VERB
iiclr-17574	375	37	by	by	ADP
iiclr-17574	375	38	an	an	DET
iiclr-17574	375	39	unaffiliated	unaffiliated	ADJ
iiclr-17574	375	40	company	company	NOUN
iiclr-17574	375	41	.	.	PUNCT
iiclr-17574	376	1	3	3	NUM
iiclr-17574	376	2	1	1	NUM
iiclr-17574	376	3	.	.	PUNCT
iiclr-17574	376	4	banks	bank	NOUN
iiclr-17574	376	5	as	as	ADP
iiclr-17574	376	6	advisers	adviser	NOUN
iiclr-17574	376	7	and	and	CCONJ
iiclr-17574	376	8	proprietary	proprietary	ADJ
iiclr-17574	376	9	fund	fund	NOUN
iiclr-17574	376	10	managers	manager	NOUN
iiclr-17574	376	11	regulation	regulation	NOUN
iiclr-17574	376	12	y	y	PROPN
iiclr-17574	376	13	specifically	specifically	ADV
iiclr-17574	376	14	authorizes	authorize	VERB
iiclr-17574	376	15	bank	bank	NOUN
iiclr-17574	376	16	holding	hold	VERB
iiclr-17574	376	17	companies	company	NOUN
iiclr-17574	376	18	to	to	PART
iiclr-17574	376	19	act	act	VERB
iiclr-17574	376	20	as	as	ADP
iiclr-17574	376	21	investment	investment	NOUN
iiclr-17574	376	22	advisers	adviser	NOUN
iiclr-17574	376	23	to	to	ADP
iiclr-17574	376	24	registered	register	VERB
iiclr-17574	376	25	investment	investment	NOUN
iiclr-17574	376	26	companies.94	companies.94	NOUN
iiclr-17574	376	27	when	when	SCONJ
iiclr-17574	376	28	the	the	DET
iiclr-17574	376	29	board	board	NOUN
iiclr-17574	376	30	of	of	ADP
iiclr-17574	376	31	governors	governor	NOUN
iiclr-17574	376	32	amended	amend	VERB
iiclr-17574	376	33	regulation	regulation	NOUN
iiclr-17574	376	34	y	y	PROPN
iiclr-17574	376	35	to	to	PART
iiclr-17574	376	36	add	add	VERB
iiclr-17574	376	37	"	"	PUNCT
iiclr-17574	376	38	serving	serve	VERB
iiclr-17574	376	39	as	as	ADP
iiclr-17574	376	40	an	an	DET
iiclr-17574	376	41	investment	investment	NOUN
iiclr-17574	376	42	advisor	advisor	NOUN
iiclr-17574	376	43	,	,	PUNCT
iiclr-17574	376	44	"	"	PUNCT
iiclr-17574	376	45	it	it	PRON
iiclr-17574	376	46	felt	feel	VERB
iiclr-17574	376	47	the	the	DET
iiclr-17574	376	48	service	service	NOUN
iiclr-17574	376	49	should	should	AUX
iiclr-17574	376	50	be	be	AUX
iiclr-17574	376	51	added	add	VERB
iiclr-17574	376	52	to	to	ADP
iiclr-17574	376	53	the	the	DET
iiclr-17574	376	54	list	list	NOUN
iiclr-17574	376	55	of	of	ADP
iiclr-17574	376	56	activities	activity	NOUN
iiclr-17574	376	57	so	so	ADV
iiclr-17574	376	58	closely	closely	ADV
iiclr-17574	376	59	related	relate	VERB
iiclr-17574	376	60	to	to	ADP
iiclr-17574	376	61	banking	banking	NOUN
iiclr-17574	376	62	as	as	SCONJ
iiclr-17574	376	63	to	to	PART
iiclr-17574	376	64	be	be	AUX
iiclr-17574	376	65	a	a	DET
iiclr-17574	376	66	proper	proper	ADJ
iiclr-17574	376	67	incident	incident	NOUN
iiclr-17574	376	68	thereto.95	thereto.95	NOUN
iiclr-17574	376	69	the	the	DET
iiclr-17574	376	70	principal	principal	ADJ
iiclr-17574	376	71	activity	activity	NOUN
iiclr-17574	376	72	of	of	ADP
iiclr-17574	376	73	an	an	DET
iiclr-17574	376	74	investment	investment	NOUN
iiclr-17574	376	75	adviser	adviser	NOUN
iiclr-17574	376	76	is	be	AUX
iiclr-17574	376	77	to	to	PART
iiclr-17574	376	78	manage	manage	VERB
iiclr-17574	376	79	the	the	DET
iiclr-17574	376	80	investment	investment	NOUN
iiclr-17574	376	81	portfolio	portfolio	NOUN
iiclr-17574	376	82	of	of	ADP
iiclr-17574	376	83	its	its	PRON
iiclr-17574	376	84	advisee	advisee	NOUN
iiclr-17574	376	85	and	and	CCONJ
iiclr-17574	376	86	to	to	PART
iiclr-17574	376	87	invest	invest	VERB
iiclr-17574	376	88	or	or	CCONJ
iiclr-17574	376	89	reinvest	reinvest	VERB
iiclr-17574	376	90	the	the	DET
iiclr-17574	376	91	funds	fund	NOUN
iiclr-17574	376	92	of	of	ADP
iiclr-17574	376	93	its	its	PRON
iiclr-17574	376	94	client.96	client.96	PROPN
iiclr-17574	376	95	banks	bank	NOUN
iiclr-17574	376	96	that	that	PRON
iiclr-17574	376	97	act	act	VERB
iiclr-17574	376	98	as	as	ADP
iiclr-17574	376	99	investment	investment	NOUN
iiclr-17574	376	100	advisers	adviser	NOUN
iiclr-17574	376	101	to	to	ADP
iiclr-17574	376	102	mutual	mutual	ADJ
iiclr-17574	376	103	funds	fund	NOUN
iiclr-17574	376	104	merely	merely	ADV
iiclr-17574	376	105	perform	perform	VERB
iiclr-17574	376	106	a	a	DET
iiclr-17574	376	107	traditional	traditional	ADJ
iiclr-17574	376	108	banking	banking	NOUN
iiclr-17574	376	109	service	service	NOUN
iiclr-17574	376	110	in	in	ADP
iiclr-17574	376	111	the	the	DET
iiclr-17574	376	112	form	form	NOUN
iiclr-17574	376	113	of	of	ADP
iiclr-17574	376	114	giving	give	VERB
iiclr-17574	376	115	investment	investment	NOUN
iiclr-17574	376	116	advice	advice	NOUN
iiclr-17574	376	117	to	to	ADP
iiclr-17574	376	118	customers	customer	NOUN
iiclr-17574	376	119	on	on	ADP
iiclr-17574	376	120	a	a	DET
iiclr-17574	376	121	commingled	commingled	ADJ
iiclr-17574	376	122	basis	basis	NOUN
iiclr-17574	376	123	.	.	PUNCT
iiclr-17574	377	1	banks	bank	NOUN
iiclr-17574	377	2	are	be	AUX
iiclr-17574	377	3	permitted	permit	VERB
iiclr-17574	377	4	to	to	PART
iiclr-17574	377	5	perform	perform	VERB
iiclr-17574	377	6	this	this	DET
iiclr-17574	377	7	function	function	NOUN
iiclr-17574	377	8	by	by	ADP
iiclr-17574	377	9	organizing	organize	VERB
iiclr-17574	377	10	mutual	mutual	ADJ
iiclr-17574	377	11	funds	fund	NOUN
iiclr-17574	377	12	in	in	ADP
iiclr-17574	377	13	the	the	DET
iiclr-17574	377	14	form	form	NOUN
iiclr-17574	377	15	of	of	ADP
iiclr-17574	377	16	common	common	ADJ
iiclr-17574	377	17	trust	trust	NOUN
iiclr-17574	377	18	funds	fund	NOUN
iiclr-17574	377	19	for	for	ADP
iiclr-17574	377	20	their	their	PRON
iiclr-17574	377	21	trust	trust	NOUN
iiclr-17574	377	22	customers.97	customers.97	NOUN
iiclr-17574	377	23	these	these	DET
iiclr-17574	377	24	trust	trust	NOUN
iiclr-17574	377	25	funds	fund	NOUN
iiclr-17574	377	26	are	be	AUX
iiclr-17574	377	27	nothing	nothing	PRON
iiclr-17574	377	28	more	more	ADJ
iiclr-17574	377	29	than	than	ADP
iiclr-17574	377	30	mutual	mutual	ADJ
iiclr-17574	377	31	funds	fund	NOUN
iiclr-17574	377	32	that	that	PRON
iiclr-17574	377	33	are	be	AUX
iiclr-17574	377	34	excluded	exclude	VERB
iiclr-17574	377	35	from	from	ADP
iiclr-17574	377	36	the	the	DET
iiclr-17574	377	37	definition	definition	NOUN
iiclr-17574	377	38	of	of	ADP
iiclr-17574	377	39	investment	investment	NOUN
iiclr-17574	377	40	company.98	company.98	VERB
iiclr-17574	377	41	this	this	DET
iiclr-17574	377	42	interpretation	interpretation	NOUN
iiclr-17574	377	43	withstood	withstand	VERB
iiclr-17574	377	44	a	a	DET
iiclr-17574	377	45	challenge	challenge	NOUN
iiclr-17574	377	46	by	by	ADP
iiclr-17574	377	47	the	the	DET
iiclr-17574	377	48	investment	investment	NOUN
iiclr-17574	377	49	company	company	NOUN
iiclr-17574	377	50	institute	institute	NOUN
iiclr-17574	377	51	,	,	PUNCT
iiclr-17574	377	52	which	which	PRON
iiclr-17574	377	53	unsuccessfully	unsuccessfully	ADV
iiclr-17574	377	54	argued	argue	VERB
iiclr-17574	377	55	that	that	SCONJ
iiclr-17574	377	56	the	the	DET
iiclr-17574	377	57	regulation	regulation	NOUN
iiclr-17574	377	58	violated	violate	VERB
iiclr-17574	377	59	the	the	DET
iiclr-17574	377	60	gsa.99	gsa.99	NOUN
iiclr-17574	377	61	although	although	SCONJ
iiclr-17574	377	62	the	the	DET
iiclr-17574	377	63	interpretation	interpretation	NOUN
iiclr-17574	377	64	says	say	VERB
iiclr-17574	377	65	that	that	SCONJ
iiclr-17574	377	66	the	the	DET
iiclr-17574	377	67	gsa	gsa	PROPN
iiclr-17574	377	68	precludes	preclude	VERB
iiclr-17574	377	69	a	a	DET
iiclr-17574	377	70	bank	bank	NOUN
iiclr-17574	377	71	holding	hold	VERB
iiclr-17574	377	72	company	company	NOUN
iiclr-17574	377	73	from	from	ADP
iiclr-17574	377	74	sponsoring	sponsor	VERB
iiclr-17574	377	75	,	,	PUNCT
iiclr-17574	377	76	organizing	organize	VERB
iiclr-17574	377	77	,	,	PUNCT
iiclr-17574	377	78	or	or	CCONJ
iiclr-17574	377	79	controlling	control	VERB
iiclr-17574	377	80	an	an	DET
iiclr-17574	377	81	open	open	ADJ
iiclr-17574	377	82	-	-	PUNCT
iiclr-17574	377	83	end	end	NOUN
iiclr-17574	377	84	investment	investment	NOUN
iiclr-17574	377	85	company	company	NOUN
iiclr-17574	377	86	,	,	PUNCT
iiclr-17574	377	87	the	the	DET
iiclr-17574	377	88	board	board	NOUN
iiclr-17574	377	89	of	of	ADP
iiclr-17574	377	90	governors	governor	NOUN
iiclr-17574	377	91	reasoned	reason	VERB
iiclr-17574	377	92	that	that	SCONJ
iiclr-17574	377	93	the	the	DET
iiclr-17574	377	94	gsa	gsa	PROPN
iiclr-17574	377	95	does	do	AUX
iiclr-17574	377	96	not	not	PART
iiclr-17574	377	97	prohibit	prohibit	VERB
iiclr-17574	377	98	a	a	DET
iiclr-17574	377	99	bank	bank	NOUN
iiclr-17574	377	100	holding	hold	VERB
iiclr-17574	377	101	company	company	NOUN
iiclr-17574	377	102	from	from	ADP
iiclr-17574	377	103	sponsoring	sponsor	VERB
iiclr-17574	377	104	,	,	PUNCT
iiclr-17574	377	105	organizing	organize	VERB
iiclr-17574	377	106	,	,	PUNCT
iiclr-17574	377	107	or	or	CCONJ
iiclr-17574	377	108	controlling	control	VERB
iiclr-17574	377	109	a	a	DET
iiclr-17574	377	110	closed	close	VERB
iiclr-17574	377	111	-	-	PUNCT
iiclr-17574	377	112	end	end	NOUN
iiclr-17574	377	113	investment	investment	NOUN
iiclr-17574	377	114	company	company	NOUN
iiclr-17574	377	115	that	that	PRON
iiclr-17574	377	116	does	do	AUX
iiclr-17574	377	117	not	not	PART
iiclr-17574	377	118	engage	engage	VERB
iiclr-17574	377	119	primarily	primarily	ADV
iiclr-17574	377	120	in	in	ADP
iiclr-17574	377	121	the	the	DET
iiclr-17574	377	122	issuance	issuance	NOUN
iiclr-17574	377	123	,	,	PUNCT
iiclr-17574	377	124	sale	sale	NOUN
iiclr-17574	377	125	,	,	PUNCT
iiclr-17574	377	126	or	or	CCONJ
iiclr-17574	377	127	distribution	distribution	NOUN
iiclr-17574	377	128	of	of	ADP
iiclr-17574	377	129	securities	security	NOUN
iiclr-17574	377	130	.	.	PUNCT
iiclr-17574	377	131	"	"	PUNCT
iiclr-17574	378	1	°	°	CCONJ
iiclr-17574	379	1	the	the	DET
iiclr-17574	379	2	bank	bank	PROPN
iiclr-17574	379	3	or	or	CCONJ
iiclr-17574	379	4	bank	bank	NOUN
iiclr-17574	379	5	holding	hold	VERB
iiclr-17574	379	6	company	company	NOUN
iiclr-17574	379	7	,	,	PUNCT
iiclr-17574	379	8	therefore	therefore	ADV
iiclr-17574	379	9	,	,	PUNCT
iiclr-17574	379	10	may	may	AUX
iiclr-17574	379	11	exercise	exercise	VERB
iiclr-17574	379	12	all	all	DET
iiclr-17574	379	13	functions	function	NOUN
iiclr-17574	379	14	of	of	ADP
iiclr-17574	379	15	an	an	DET
iiclr-17574	379	16	investment	investment	NOUN
iiclr-17574	379	17	adviser	adviser	NOUN
iiclr-17574	379	18	under	under	ADP
iiclr-17574	379	19	the	the	DET
iiclr-17574	379	20	1940	1940	NUM
iiclr-17574	379	21	act	act	NOUN
iiclr-17574	379	22	,	,	PUNCT
iiclr-17574	379	23	except	except	SCONJ
iiclr-17574	379	24	to	to	ADP
iiclr-17574	379	25	the	the	DET
iiclr-17574	379	26	extent	extent	NOUN
iiclr-17574	379	27	limited	limit	VERB
iiclr-17574	379	28	by	by	ADP
iiclr-17574	379	29	the	the	DET
iiclr-17574	379	30	gsa	gsa	PROPN
iiclr-17574	379	31	.	.	PUNCT
iiclr-17574	379	32	''	''	PUNCT
iiclr-17574	380	1	91	91	NUM
iiclr-17574	380	2	.	.	PUNCT
iiclr-17574	381	1	svare	svare	PROPN
iiclr-17574	381	2	,	,	PUNCT
iiclr-17574	381	3	supra	supra	PROPN
iiclr-17574	381	4	note	note	NOUN
iiclr-17574	381	5	61	61	NUM
iiclr-17574	381	6	,	,	PUNCT
iiclr-17574	381	7	at	at	ADP
iiclr-17574	381	8	71	71	NUM
iiclr-17574	381	9	.	.	PUNCT
iiclr-17574	382	1	92	92	NUM
iiclr-17574	382	2	.	.	PUNCT
iiclr-17574	383	1	i	i	PRON
iiclr-17574	383	2	d.	d.	PROPN
iiclr-17574	383	3	93	93	NUM
iiclr-17574	383	4	.	.	PUNCT
iiclr-17574	384	1	i	i	PRON
iiclr-17574	384	2	d.	d.	PROPN
iiclr-17574	384	3	94	94	NUM
iiclr-17574	384	4	.	.	PUNCT
iiclr-17574	384	5	see	see	VERB
iiclr-17574	384	6	12	12	NUM
iiclr-17574	384	7	c.f.r	c.f.r	NOUN
iiclr-17574	384	8	.	.	PUNCT
iiclr-17574	385	1	§	§	PROPN
iiclr-17574	385	2	225.25(b)(4)(ii	225.25(b)(4)(ii	NUM
iiclr-17574	385	3	)	)	PUNCT
iiclr-17574	385	4	.	.	PUNCT
iiclr-17574	386	1	95	95	NUM
iiclr-17574	386	2	.	.	PUNCT
iiclr-17574	387	1	see	see	VERB
iiclr-17574	387	2	investment	investment	NOUN
iiclr-17574	387	3	adviser	adviser	NOUN
iiclr-17574	387	4	activities	activity	NOUN
iiclr-17574	387	5	,	,	PUNCT
iiclr-17574	387	6	12	12	NUM
iiclr-17574	387	7	c.f.r	c.f.r	NOUN
iiclr-17574	387	8	.	.	PUNCT
iiclr-17574	388	1	§	§	PROPN
iiclr-17574	388	2	225.125(a	225.125(a	NUM
iiclr-17574	388	3	)	)	PUNCT
iiclr-17574	388	4	.	.	PUNCT
iiclr-17574	389	1	96	96	X
iiclr-17574	389	2	.	.	PUNCT
iiclr-17574	390	1	see	see	VERB
iiclr-17574	390	2	inv	inv	PROPN
iiclr-17574	390	3	.	.	PUNCT
iiclr-17574	390	4	co.	co.	PROPN
iiclr-17574	390	5	inst	inst	PROPN
iiclr-17574	390	6	.	.	PUNCT
iiclr-17574	391	1	v.	v.	ADP
iiclr-17574	391	2	camp	camp	NOUN
iiclr-17574	391	3	,	,	PUNCT
iiclr-17574	391	4	401	401	NUM
iiclr-17574	391	5	u.s	u.s	PROPN
iiclr-17574	391	6	.	.	PROPN
iiclr-17574	391	7	617	617	NUM
iiclr-17574	391	8	.	.	PROPN
iiclr-17574	391	9	97	97	NUM
iiclr-17574	391	10	.	.	NOUN
iiclr-17574	391	11	12	12	NUM
iiclr-17574	391	12	c.f.r	c.f.r	NOUN
iiclr-17574	391	13	.	.	PUNCT
iiclr-17574	392	1	§	§	PROPN
iiclr-17574	392	2	9.18	9.18	NUM
iiclr-17574	392	3	(	(	PUNCT
iiclr-17574	392	4	1984	1984	NUM
iiclr-17574	392	5	)	)	PUNCT
iiclr-17574	392	6	.	.	PUNCT
iiclr-17574	393	1	98	98	NUM
iiclr-17574	393	2	.	.	X
iiclr-17574	393	3	fefn	fefn	PROPN
iiclr-17574	393	4	,	,	PUNCT
iiclr-17574	393	5	supra	supra	PROPN
iiclr-17574	393	6	note	note	PROPN
iiclr-17574	393	7	17	17	NUM
iiclr-17574	393	8	,	,	PUNCT
iiclr-17574	393	9	§	§	PROPN
iiclr-17574	393	10	5.02	5.02	NUM
iiclr-17574	393	11	,	,	PUNCT
iiclr-17574	393	12	at	at	ADP
iiclr-17574	393	13	5	5	NUM
iiclr-17574	393	14	-	-	SYM
iiclr-17574	393	15	5	5	NUM
iiclr-17574	393	16	.	.	NUM
iiclr-17574	393	17	99	99	NUM
iiclr-17574	393	18	.	.	PUNCT
iiclr-17574	394	1	see	see	VERB
iiclr-17574	394	2	bd	bd	PROPN
iiclr-17574	394	3	.	.	PROPN
iiclr-17574	394	4	of	of	ADP
iiclr-17574	394	5	governors	governor	NOUN
iiclr-17574	394	6	,	,	PUNCT
iiclr-17574	394	7	450	450	NUM
iiclr-17574	394	8	u.s	u.s	PROPN
iiclr-17574	394	9	.	.	PROPN
iiclr-17574	394	10	46	46	NUM
iiclr-17574	394	11	(	(	PUNCT
iiclr-17574	394	12	ici	ici	PROPN
iiclr-17574	394	13	ii	ii	PROPN
iiclr-17574	394	14	)	)	PUNCT
iiclr-17574	394	15	.	.	PUNCT
iiclr-17574	395	1	100	100	NUM
iiclr-17574	395	2	.	.	PUNCT
iiclr-17574	395	3	see	see	VERB
iiclr-17574	395	4	12	12	NUM
iiclr-17574	395	5	c.f.r	c.f.r	NOUN
iiclr-17574	395	6	.	.	PUNCT
iiclr-17574	396	1	§	§	PROPN
iiclr-17574	396	2	225.125(0	225.125(0	PROPN
iiclr-17574	396	3	.	.	PROPN
iiclr-17574	397	1	101	101	NUM
iiclr-17574	397	2	.	.	PUNCT
iiclr-17574	398	1	i	i	PRON
iiclr-17574	398	2	d.	d.	PROPN
iiclr-17574	398	3	§	§	PROPN
iiclr-17574	398	4	225.125(d	225.125(d	NUM
iiclr-17574	398	5	)	)	PUNCT
iiclr-17574	398	6	.	.	PUNCT
iiclr-17574	399	1	[	[	X
iiclr-17574	399	2	vol	vol	NOUN
iiclr-17574	399	3	.	.	PUNCT
iiclr-17574	399	4	5:2	5:2	NUM
iiclr-17574	399	5	mutual	mutual	ADJ
iiclr-17574	399	6	fund	fund	NOUN
iiclr-17574	399	7	emergence	emergence	VERB
iiclr-17574	399	8	the	the	DET
iiclr-17574	399	9	office	office	NOUN
iiclr-17574	399	10	of	of	ADP
iiclr-17574	399	11	the	the	DET
iiclr-17574	399	12	comptroller	comptroller	NOUN
iiclr-17574	399	13	of	of	ADP
iiclr-17574	399	14	the	the	DET
iiclr-17574	399	15	currency	currency	NOUN
iiclr-17574	399	16	(	(	PUNCT
iiclr-17574	399	17	occ	occ	NOUN
iiclr-17574	399	18	)	)	PUNCT
iiclr-17574	399	19	also	also	ADV
iiclr-17574	399	20	has	have	AUX
iiclr-17574	399	21	interpreted	interpret	VERB
iiclr-17574	399	22	the	the	DET
iiclr-17574	399	23	national	national	PROPN
iiclr-17574	399	24	bank	bank	PROPN
iiclr-17574	399	25	act	act	NOUN
iiclr-17574	399	26	to	to	PART
iiclr-17574	399	27	permit	permit	VERB
iiclr-17574	399	28	national	national	ADJ
iiclr-17574	399	29	banks	bank	NOUN
iiclr-17574	399	30	to	to	PART
iiclr-17574	399	31	act	act	VERB
iiclr-17574	399	32	as	as	ADP
iiclr-17574	399	33	investment	investment	NOUN
iiclr-17574	399	34	advisers	adviser	NOUN
iiclr-17574	399	35	to	to	ADP
iiclr-17574	399	36	mutual	mutual	ADJ
iiclr-17574	399	37	funds	fund	NOUN
iiclr-17574	399	38	.	.	PUNCT
iiclr-17574	400	1	"2	"2	VERB
iiclr-17574	400	2	in	in	ADP
iiclr-17574	400	3	an	an	DET
iiclr-17574	400	4	interpretative	interpretative	ADJ
iiclr-17574	400	5	letter	letter	NOUN
iiclr-17574	400	6	,	,	PUNCT
iiclr-17574	400	7	the	the	DET
iiclr-17574	400	8	occ	occ	NOUN
iiclr-17574	400	9	explained	explain	VERB
iiclr-17574	400	10	that	that	SCONJ
iiclr-17574	400	11	neither	neither	CCONJ
iiclr-17574	400	12	a	a	DET
iiclr-17574	400	13	bank	bank	NOUN
iiclr-17574	400	14	nor	nor	CCONJ
iiclr-17574	400	15	its	its	PRON
iiclr-17574	400	16	subsidiary	subsidiary	NOUN
iiclr-17574	400	17	could	could	AUX
iiclr-17574	400	18	control	control	VERB
iiclr-17574	400	19	any	any	DET
iiclr-17574	400	20	investment	investment	NOUN
iiclr-17574	400	21	company	company	NOUN
iiclr-17574	400	22	.	.	PUNCT
iiclr-17574	401	1	3	3	NUM
iiclr-17574	401	2	the	the	DET
iiclr-17574	401	3	occ	occ	NOUN
iiclr-17574	401	4	added	add	VERB
iiclr-17574	401	5	that	that	SCONJ
iiclr-17574	401	6	any	any	DET
iiclr-17574	401	7	bank	bank	NOUN
iiclr-17574	401	8	or	or	CCONJ
iiclr-17574	401	9	subsidiary	subsidiary	NOUN
iiclr-17574	401	10	engaged	engage	VERB
iiclr-17574	401	11	in	in	ADP
iiclr-17574	401	12	investment	investment	NOUN
iiclr-17574	401	13	advisory	advisory	ADJ
iiclr-17574	401	14	activities	activity	NOUN
iiclr-17574	401	15	was	be	AUX
iiclr-17574	401	16	prohibited	prohibit	VERB
iiclr-17574	401	17	from	from	ADP
iiclr-17574	401	18	distributing	distribute	VERB
iiclr-17574	401	19	or	or	CCONJ
iiclr-17574	401	20	underwriting	underwriting	NOUN
iiclr-17574	401	21	mutual	mutual	ADJ
iiclr-17574	401	22	fund	fund	NOUN
iiclr-17574	401	23	shares	share	NOUN
iiclr-17574	401	24	and	and	CCONJ
iiclr-17574	401	25	that	that	SCONJ
iiclr-17574	401	26	all	all	PRON
iiclr-17574	401	27	of	of	ADP
iiclr-17574	401	28	the	the	DET
iiclr-17574	401	29	fund	fund	NOUN
iiclr-17574	401	30	's	's	PART
iiclr-17574	401	31	directors	director	NOUN
iiclr-17574	401	32	must	must	AUX
iiclr-17574	401	33	be	be	AUX
iiclr-17574	401	34	independent	independent	ADJ
iiclr-17574	401	35	of	of	ADP
iiclr-17574	401	36	the	the	DET
iiclr-17574	401	37	bank	bank	NOUN
iiclr-17574	401	38	.	.	PUNCT
iiclr-17574	401	39	"	"	PUNCT
iiclr-17574	402	1	4	4	NUM
iiclr-17574	402	2	these	these	DET
iiclr-17574	402	3	restrictions	restriction	NOUN
iiclr-17574	402	4	are	be	AUX
iiclr-17574	402	5	exemplified	exemplify	VERB
iiclr-17574	402	6	through	through	ADP
iiclr-17574	402	7	commercial	commercial	ADJ
iiclr-17574	402	8	bank	bank	PROPN
iiclr-17574	402	9	advisory	advisory	NOUN
iiclr-17574	402	10	and	and	CCONJ
iiclr-17574	402	11	sale	sale	NOUN
iiclr-17574	402	12	of	of	ADP
iiclr-17574	402	13	proprietary	proprietary	ADJ
iiclr-17574	402	14	funds	fund	NOUN
iiclr-17574	402	15	.	.	PUNCT
iiclr-17574	403	1	a	a	DET
iiclr-17574	403	2	proprietary	proprietary	ADJ
iiclr-17574	403	3	fund	fund	NOUN
iiclr-17574	403	4	is	be	AUX
iiclr-17574	403	5	one	one	NUM
iiclr-17574	403	6	for	for	ADP
iiclr-17574	403	7	which	which	PRON
iiclr-17574	403	8	the	the	DET
iiclr-17574	403	9	bank	bank	NOUN
iiclr-17574	403	10	acts	act	VERB
iiclr-17574	403	11	as	as	ADP
iiclr-17574	403	12	an	an	DET
iiclr-17574	403	13	investment	investment	NOUN
iiclr-17574	403	14	advisor	advisor	NOUN
iiclr-17574	403	15	and	and	CCONJ
iiclr-17574	403	16	which	which	PRON
iiclr-17574	403	17	is	be	AUX
iiclr-17574	403	18	marketed	market	VERB
iiclr-17574	403	19	primarily	primarily	ADV
iiclr-17574	403	20	to	to	ADP
iiclr-17574	403	21	the	the	DET
iiclr-17574	403	22	bank	bank	NOUN
iiclr-17574	403	23	's	's	PART
iiclr-17574	403	24	customers	customer	NOUN
iiclr-17574	403	25	.	.	PUNCT
iiclr-17574	404	1	'0	'0	AUX
iiclr-17574	404	2	5	5	NUM
iiclr-17574	404	3	banks	bank	NOUN
iiclr-17574	404	4	frequently	frequently	ADV
iiclr-17574	404	5	have	have	AUX
iiclr-17574	404	6	used	use	VERB
iiclr-17574	404	7	proprietary	proprietary	ADJ
iiclr-17574	404	8	funds	fund	NOUN
iiclr-17574	404	9	as	as	ADP
iiclr-17574	404	10	investment	investment	NOUN
iiclr-17574	404	11	vehicles	vehicle	NOUN
iiclr-17574	404	12	for	for	ADP
iiclr-17574	404	13	trust	trust	NOUN
iiclr-17574	404	14	assets	asset	NOUN
iiclr-17574	404	15	held	hold	VERB
iiclr-17574	404	16	by	by	ADP
iiclr-17574	404	17	them	they	PRON
iiclr-17574	404	18	as	as	ADP
iiclr-17574	404	19	a	a	DET
iiclr-17574	404	20	fiduciary	fiduciary	NOUN
iiclr-17574	404	21	.	.	PUNCT
iiclr-17574	405	1	because	because	SCONJ
iiclr-17574	405	2	of	of	ADP
iiclr-17574	405	3	glass	glass	NOUN
iiclr-17574	405	4	-	-	PUNCT
iiclr-17574	405	5	steagall	steagall	NOUN
iiclr-17574	405	6	restrictions	restriction	NOUN
iiclr-17574	405	7	on	on	ADP
iiclr-17574	405	8	underwriting	underwriting	NOUN
iiclr-17574	405	9	and	and	CCONJ
iiclr-17574	405	10	distribution	distribution	NOUN
iiclr-17574	405	11	of	of	ADP
iiclr-17574	405	12	securities	security	NOUN
iiclr-17574	405	13	,	,	PUNCT
iiclr-17574	405	14	the	the	DET
iiclr-17574	405	15	proprietary	proprietary	ADJ
iiclr-17574	405	16	funds	fund	NOUN
iiclr-17574	405	17	of	of	ADP
iiclr-17574	405	18	banking	banking	NOUN
iiclr-17574	405	19	organizations	organization	NOUN
iiclr-17574	405	20	must	must	AUX
iiclr-17574	405	21	be	be	AUX
iiclr-17574	405	22	organized	organize	VERB
iiclr-17574	405	23	and	and	CCONJ
iiclr-17574	405	24	distributed	distribute	VERB
iiclr-17574	405	25	by	by	ADP
iiclr-17574	405	26	an	an	DET
iiclr-17574	405	27	independent	independent	ADJ
iiclr-17574	405	28	distributor	distributor	NOUN
iiclr-17574	405	29	.	.	PUNCT
iiclr-17574	406	1	'0	'0	VERB
iiclr-17574	406	2	6	6	NUM
iiclr-17574	406	3	in	in	ADP
iiclr-17574	406	4	the	the	DET
iiclr-17574	406	5	federal	federal	PROPN
iiclr-17574	406	6	reserve	reserve	PROPN
iiclr-17574	406	7	board	board	PROPN
iiclr-17574	406	8	's	's	PART
iiclr-17574	406	9	opinion	opinion	NOUN
iiclr-17574	406	10	,	,	PUNCT
iiclr-17574	406	11	the	the	DET
iiclr-17574	406	12	gsa	gsa	PROPN
iiclr-17574	406	13	provisions	provision	NOUN
iiclr-17574	406	14	,	,	PUNCT
iiclr-17574	406	15	as	as	SCONJ
iiclr-17574	406	16	interpreted	interpret	VERB
iiclr-17574	406	17	by	by	ADP
iiclr-17574	406	18	the	the	DET
iiclr-17574	406	19	u.s	u.s	PROPN
iiclr-17574	406	20	.	.	PROPN
iiclr-17574	406	21	supreme	supreme	PROPN
iiclr-17574	406	22	court	court	PROPN
iiclr-17574	406	23	,	,	PUNCT
iiclr-17574	406	24	still	still	ADV
iiclr-17574	406	25	forbid	forbid	VERB
iiclr-17574	406	26	a	a	DET
iiclr-17574	406	27	bank	bank	NOUN
iiclr-17574	406	28	holding	hold	VERB
iiclr-17574	406	29	company	company	NOUN
iiclr-17574	406	30	to	to	PART
iiclr-17574	406	31	sponsor	sponsor	VERB
iiclr-17574	406	32	,	,	PUNCT
iiclr-17574	406	33	organize	organize	VERB
iiclr-17574	406	34	,	,	PUNCT
iiclr-17574	406	35	or	or	CCONJ
iiclr-17574	406	36	control	control	VERB
iiclr-17574	406	37	a	a	DET
iiclr-17574	406	38	mutual	mutual	ADJ
iiclr-17574	406	39	fund	fund	NOUN
iiclr-17574	406	40	.	.	PUNCT
iiclr-17574	407	1	0	0	NUM
iiclr-17574	407	2	7	7	NUM
iiclr-17574	407	3	on	on	ADP
iiclr-17574	407	4	april	april	PROPN
iiclr-17574	407	5	21	21	NUM
iiclr-17574	407	6	,	,	PUNCT
iiclr-17574	407	7	1993	1993	NUM
iiclr-17574	407	8	,	,	PUNCT
iiclr-17574	407	9	the	the	DET
iiclr-17574	407	10	federal	federal	PROPN
iiclr-17574	407	11	reserve	reserve	PROPN
iiclr-17574	407	12	board	board	PROPN
iiclr-17574	407	13	gave	give	VERB
iiclr-17574	407	14	mellon	mellon	PROPN
iiclr-17574	407	15	bank	bank	PROPN
iiclr-17574	407	16	approval	approval	NOUN
iiclr-17574	407	17	to	to	PART
iiclr-17574	407	18	provide	provide	VERB
iiclr-17574	407	19	administrative	administrative	ADJ
iiclr-17574	407	20	services	service	NOUN
iiclr-17574	407	21	to	to	ADP
iiclr-17574	407	22	mutual	mutual	ADJ
iiclr-17574	407	23	funds	fund	NOUN
iiclr-17574	407	24	.	.	PUNCT
iiclr-17574	408	1	"'0	"'0	PUNCT
iiclr-17574	408	2	in	in	ADP
iiclr-17574	408	3	the	the	DET
iiclr-17574	408	4	order	order	NOUN
iiclr-17574	408	5	,	,	PUNCT
iiclr-17574	408	6	the	the	DET
iiclr-17574	408	7	board	board	NOUN
iiclr-17574	408	8	stipulated	stipulate	VERB
iiclr-17574	408	9	that	that	SCONJ
iiclr-17574	408	10	control	control	NOUN
iiclr-17574	408	11	over	over	ADP
iiclr-17574	408	12	the	the	DET
iiclr-17574	408	13	mutual	mutual	ADJ
iiclr-17574	408	14	funds	fund	NOUN
iiclr-17574	408	15	must	must	AUX
iiclr-17574	408	16	remain	remain	VERB
iiclr-17574	408	17	with	with	ADP
iiclr-17574	408	18	the	the	DET
iiclr-17574	408	19	funds	fund	NOUN
iiclr-17574	408	20	'	'	PART
iiclr-17574	408	21	boards	board	NOUN
iiclr-17574	408	22	of	of	ADP
iiclr-17574	408	23	directors	director	NOUN
iiclr-17574	408	24	-	-	PUNCT
iiclr-17574	408	25	independent	independent	ADJ
iiclr-17574	408	26	of	of	ADP
iiclr-17574	408	27	the	the	DET
iiclr-17574	408	28	boston	boston	PROPN
iiclr-17574	408	29	company	company	PROPN
iiclr-17574	408	30	and	and	CCONJ
iiclr-17574	408	31	mellon	mellon	PROPN
iiclr-17574	408	32	bank	bank	PROPN
iiclr-17574	408	33	.	.	PUNCT
iiclr-17574	408	34	"	"	PUNCT
iiclr-17574	409	1	°	°	CCONJ
iiclr-17574	409	2	despite	despite	SCONJ
iiclr-17574	409	3	overwhelming	overwhelming	ADJ
iiclr-17574	409	4	control	control	NOUN
iiclr-17574	409	5	over	over	ADP
iiclr-17574	409	6	mutual	mutual	ADJ
iiclr-17574	409	7	funds	fund	NOUN
iiclr-17574	409	8	,	,	PUNCT
iiclr-17574	409	9	the	the	DET
iiclr-17574	409	10	mellon	mellon	PROPN
iiclr-17574	409	11	bank	bank	PROPN
iiclr-17574	409	12	would	would	AUX
iiclr-17574	409	13	not	not	PART
iiclr-17574	409	14	be	be	AUX
iiclr-17574	409	15	considered	consider	VERB
iiclr-17574	409	16	in	in	ADP
iiclr-17574	409	17	control	control	NOUN
iiclr-17574	409	18	on	on	ADP
iiclr-17574	409	19	account	account	NOUN
iiclr-17574	409	20	of	of	ADP
iiclr-17574	409	21	the	the	DET
iiclr-17574	409	22	board	board	NOUN
iiclr-17574	409	23	of	of	ADP
iiclr-17574	409	24	director	director	NOUN
iiclr-17574	409	25	influence	influence	NOUN
iiclr-17574	409	26	.	.	PUNCT
iiclr-17574	410	1	as	as	ADP
iiclr-17574	410	2	a	a	DET
iiclr-17574	410	3	result	result	NOUN
iiclr-17574	410	4	of	of	ADP
iiclr-17574	410	5	this	this	DET
iiclr-17574	410	6	interpretation	interpretation	NOUN
iiclr-17574	410	7	,	,	PUNCT
iiclr-17574	410	8	section	section	NOUN
iiclr-17574	410	9	20	20	NUM
iiclr-17574	410	10	affiliates	affiliate	NOUN
iiclr-17574	410	11	are	be	AUX
iiclr-17574	410	12	free	free	ADJ
iiclr-17574	410	13	to	to	PART
iiclr-17574	410	14	sponsor	sponsor	VERB
iiclr-17574	410	15	,	,	PUNCT
iiclr-17574	410	16	102	102	NUM
iiclr-17574	410	17	.	.	PUNCT
iiclr-17574	411	1	see	see	VERB
iiclr-17574	411	2	12	12	NUM
iiclr-17574	411	3	u.s.c	u.s.c	ADJ
iiclr-17574	411	4	.	.	PUNCT
iiclr-17574	412	1	§	§	PROPN
iiclr-17574	412	2	1831a	1831a	NUM
iiclr-17574	412	3	.	.	PUNCT
iiclr-17574	413	1	see	see	VERB
iiclr-17574	413	2	also	also	ADV
iiclr-17574	413	3	12	12	NUM
iiclr-17574	413	4	c.f.r	c.f.r	NOUN
iiclr-17574	413	5	.	.	PUNCT
iiclr-17574	414	1	§	§	PROPN
iiclr-17574	414	2	337.4	337.4	NUM
iiclr-17574	414	3	.	.	NOUN
iiclr-17574	414	4	103	103	NUM
iiclr-17574	414	5	.	.	PUNCT
iiclr-17574	414	6	letter	letter	NOUN
iiclr-17574	414	7	of	of	ADP
iiclr-17574	414	8	david	david	PROPN
iiclr-17574	414	9	l.	l.	PROPN
iiclr-17574	414	10	chew	chew	PROPN
iiclr-17574	414	11	,	,	PUNCT
iiclr-17574	414	12	senior	senior	ADJ
iiclr-17574	414	13	deputy	deputy	NOUN
iiclr-17574	414	14	comptroller	comptroller	NOUN
iiclr-17574	414	15	,	,	PUNCT
iiclr-17574	414	16	reprinted	reprint	VERB
iiclr-17574	414	17	in	in	ADP
iiclr-17574	414	18	fed	fed	PROPN
iiclr-17574	414	19	.	.	PUNCT
iiclr-17574	415	1	banking	banking	PROPN
iiclr-17574	415	2	l.	l.	PROPN
iiclr-17574	415	3	rep	rep	PROPN
iiclr-17574	415	4	.	.	PROPN
iiclr-17574	415	5	(	(	PUNCT
iiclr-17574	415	6	cch	cch	PROPN
iiclr-17574	415	7	)	)	PUNCT
iiclr-17574	415	8	85,468	85,468	NUM
iiclr-17574	415	9	(	(	PUNCT
iiclr-17574	415	10	1984	1984	NUM
iiclr-17574	415	11	)	)	PUNCT
iiclr-17574	415	12	.	.	PUNCT
iiclr-17574	416	1	see	see	VERB
iiclr-17574	416	2	also	also	ADV
iiclr-17574	416	3	decision	decision	NOUN
iiclr-17574	416	4	of	of	ADP
iiclr-17574	416	5	the	the	DET
iiclr-17574	416	6	comptroller	comptroller	NOUN
iiclr-17574	416	7	of	of	ADP
iiclr-17574	416	8	the	the	DET
iiclr-17574	416	9	currency	currency	NOUN
iiclr-17574	416	10	concerning	concern	VERB
iiclr-17574	416	11	an	an	DET
iiclr-17574	416	12	application	application	NOUN
iiclr-17574	416	13	by	by	ADP
iiclr-17574	416	14	american	american	PROPN
iiclr-17574	416	15	national	national	PROPN
iiclr-17574	416	16	bank	bank	PROPN
iiclr-17574	416	17	of	of	ADP
iiclr-17574	416	18	austin	austin	PROPN
iiclr-17574	416	19	,	,	PUNCT
iiclr-17574	416	20	texas	texas	PROPN
iiclr-17574	416	21	,	,	PUNCT
iiclr-17574	416	22	to	to	PART
iiclr-17574	416	23	establish	establish	VERB
iiclr-17574	416	24	an	an	DET
iiclr-17574	416	25	operating	operate	VERB
iiclr-17574	416	26	subsidiary	subsidiary	NOUN
iiclr-17574	416	27	to	to	PART
iiclr-17574	416	28	provide	provide	VERB
iiclr-17574	416	29	investment	investment	NOUN
iiclr-17574	416	30	advice	advice	NOUN
iiclr-17574	416	31	(	(	PUNCT
iiclr-17574	416	32	sept	sept	PROPN
iiclr-17574	416	33	.	.	PROPN
iiclr-17574	416	34	2	2	NUM
iiclr-17574	416	35	,	,	PUNCT
iiclr-17574	416	36	1983	1983	NUM
iiclr-17574	416	37	)	)	PUNCT
iiclr-17574	416	38	,	,	PUNCT
iiclr-17574	416	39	reprintedin	reprintedin	VERB
iiclr-17574	416	40	fed	fed	PROPN
iiclr-17574	416	41	.	.	PUNCT
iiclr-17574	417	1	banking	banking	PROPN
iiclr-17574	417	2	l.	l.	PROPN
iiclr-17574	417	3	rep	rep	PROPN
iiclr-17574	417	4	.	.	PROPN
iiclr-17574	417	5	(	(	PUNCT
iiclr-17574	417	6	cch	cch	PROPN
iiclr-17574	417	7	)	)	PUNCT
iiclr-17574	417	8	99,732	99,732	NUM
iiclr-17574	417	9	.	.	PUNCT
iiclr-17574	418	1	104	104	NUM
iiclr-17574	418	2	.	.	PUNCT
iiclr-17574	419	1	i	i	PRON
iiclr-17574	419	2	d.	d.	PROPN
iiclr-17574	419	3	105	105	NUM
iiclr-17574	419	4	.	.	PUNCT
iiclr-17574	420	1	fein	fein	PROPN
iiclr-17574	420	2	,	,	PUNCT
iiclr-17574	420	3	supra	supra	PROPN
iiclr-17574	420	4	note	note	PROPN
iiclr-17574	420	5	17	17	NUM
iiclr-17574	420	6	,	,	PUNCT
iiclr-17574	420	7	§	§	PROPN
iiclr-17574	420	8	4.06	4.06	NUM
iiclr-17574	420	9	,	,	PUNCT
iiclr-17574	420	10	at	at	ADP
iiclr-17574	420	11	4	4	NUM
iiclr-17574	420	12	-	-	SYM
iiclr-17574	420	13	26	26	NUM
iiclr-17574	420	14	.	.	PUNCT
iiclr-17574	420	15	106	106	NUM
iiclr-17574	420	16	.	.	PUNCT
iiclr-17574	421	1	i	i	PRON
iiclr-17574	421	2	d.	d.	PROPN
iiclr-17574	421	3	at	at	ADP
iiclr-17574	421	4	4	4	NUM
iiclr-17574	421	5	-	-	SYM
iiclr-17574	421	6	27	27	NUM
iiclr-17574	421	7	.	.	PUNCT
iiclr-17574	422	1	107	107	NUM
iiclr-17574	422	2	.	.	PUNCT
iiclr-17574	423	1	12	12	NUM
iiclr-17574	423	2	c.f.r	c.f.r	NOUN
iiclr-17574	423	3	.	.	PUNCT
iiclr-17574	424	1	§	§	PROPN
iiclr-17574	424	2	225.125(f	225.125(f	PROPN
iiclr-17574	424	3	)	)	PUNCT
iiclr-17574	424	4	.	.	PUNCT
iiclr-17574	425	1	in	in	ADP
iiclr-17574	425	2	approving	approve	VERB
iiclr-17574	425	3	mellon	mellon	PROPN
iiclr-17574	425	4	bank	bank	PROPN
iiclr-17574	425	5	's	's	PART
iiclr-17574	425	6	application	application	NOUN
iiclr-17574	425	7	to	to	PART
iiclr-17574	425	8	acquire	acquire	VERB
iiclr-17574	425	9	the	the	DET
iiclr-17574	425	10	boston	boston	PROPN
iiclr-17574	425	11	company	company	NOUN
iiclr-17574	425	12	,	,	PUNCT
iiclr-17574	425	13	a	a	DET
iiclr-17574	425	14	mutual	mutual	ADJ
iiclr-17574	425	15	fund	fund	NOUN
iiclr-17574	425	16	administrator	administrator	NOUN
iiclr-17574	425	17	,	,	PUNCT
iiclr-17574	425	18	the	the	DET
iiclr-17574	425	19	federal	federal	PROPN
iiclr-17574	425	20	reserve	reserve	PROPN
iiclr-17574	425	21	board	board	PROPN
iiclr-17574	425	22	stated	state	VERB
iiclr-17574	425	23	the	the	DET
iiclr-17574	425	24	boston	boston	PROPN
iiclr-17574	425	25	company	company	NOUN
iiclr-17574	425	26	would	would	AUX
iiclr-17574	425	27	not	not	PART
iiclr-17574	425	28	be	be	AUX
iiclr-17574	425	29	allowed	allow	VERB
iiclr-17574	425	30	to	to	PART
iiclr-17574	425	31	sponsor	sponsor	VERB
iiclr-17574	425	32	or	or	CCONJ
iiclr-17574	425	33	distribute	distribute	VERB
iiclr-17574	425	34	new	new	ADJ
iiclr-17574	425	35	mutual	mutual	ADJ
iiclr-17574	425	36	funds	fund	NOUN
iiclr-17574	425	37	following	follow	VERB
iiclr-17574	425	38	the	the	DET
iiclr-17574	425	39	acquisition	acquisition	NOUN
iiclr-17574	425	40	because	because	SCONJ
iiclr-17574	425	41	of	of	ADP
iiclr-17574	425	42	gsa	gsa	PROPN
iiclr-17574	425	43	prohibitions	prohibition	NOUN
iiclr-17574	425	44	.	.	PUNCT
iiclr-17574	426	1	mellon	mellon	PROPN
iiclr-17574	426	2	bank	bank	PROPN
iiclr-17574	426	3	corporation	corporation	PROPN
iiclr-17574	426	4	,	,	PUNCT
iiclr-17574	426	5	79	79	NUM
iiclr-17574	426	6	fed	feed	VERB
iiclr-17574	426	7	.	.	PUNCT
iiclr-17574	427	1	res	re	NOUN
iiclr-17574	427	2	.	.	PUNCT
iiclr-17574	428	1	bull	bull	NOUN
iiclr-17574	428	2	.	.	PUNCT
iiclr-17574	429	1	626	626	NUM
iiclr-17574	429	2	,	,	PUNCT
iiclr-17574	429	3	629	629	NUM
iiclr-17574	429	4	(	(	PUNCT
iiclr-17574	429	5	1993	1993	NUM
iiclr-17574	429	6	)	)	PUNCT
iiclr-17574	429	7	.	.	PUNCT
iiclr-17574	430	1	108	108	NUM
iiclr-17574	430	2	.	.	PUNCT
iiclr-17574	431	1	these	these	DET
iiclr-17574	431	2	services	service	NOUN
iiclr-17574	431	3	would	would	AUX
iiclr-17574	431	4	be	be	AUX
iiclr-17574	431	5	provided	provide	VERB
iiclr-17574	431	6	due	due	ADP
iiclr-17574	431	7	to	to	ADP
iiclr-17574	431	8	the	the	DET
iiclr-17574	431	9	acquisition	acquisition	NOUN
iiclr-17574	431	10	of	of	ADP
iiclr-17574	431	11	the	the	DET
iiclr-17574	431	12	boston	boston	PROPN
iiclr-17574	431	13	company	company	NOUN
iiclr-17574	431	14	,	,	PUNCT
iiclr-17574	431	15	a	a	DET
iiclr-17574	431	16	mutual	mutual	ADJ
iiclr-17574	431	17	fund	fund	NOUN
iiclr-17574	431	18	service	service	NOUN
iiclr-17574	431	19	provider	provider	NOUN
iiclr-17574	431	20	.	.	PUNCT
iiclr-17574	432	1	dingell	dingell	PROPN
iiclr-17574	432	2	,	,	PUNCT
iiclr-17574	432	3	markey	markey	PROPN
iiclr-17574	432	4	want	want	VERB
iiclr-17574	432	5	answers	answer	NOUN
iiclr-17574	432	6	from	from	ADP
iiclr-17574	432	7	fed	fed	PROPN
iiclr-17574	432	8	on	on	ADP
iiclr-17574	432	9	scope	scope	NOUN
iiclr-17574	432	10	of	of	ADP
iiclr-17574	432	11	recent	recent	ADJ
iiclr-17574	432	12	mutual	mutual	ADJ
iiclr-17574	432	13	fund	fund	NOUN
iiclr-17574	432	14	approval	approval	NOUN
iiclr-17574	432	15	,	,	PUNCT
iiclr-17574	432	16	bna	bna	PROPN
iiclr-17574	432	17	daily	daily	PROPN
iiclr-17574	432	18	rep	rep	PROPN
iiclr-17574	432	19	.	.	PROPN
iiclr-17574	432	20	for	for	ADP
iiclr-17574	432	21	executives	executive	NOUN
iiclr-17574	432	22	,	,	PUNCT
iiclr-17574	432	23	may	may	AUX
iiclr-17574	432	24	7	7	NUM
iiclr-17574	432	25	,	,	PUNCT
iiclr-17574	432	26	1993	1993	NUM
iiclr-17574	432	27	(	(	PUNCT
iiclr-17574	432	28	1993	1993	NUM
iiclr-17574	432	29	der	der	NOUN
iiclr-17574	432	30	87	87	NUM
iiclr-17574	432	31	dli	dli	PROPN
iiclr-17574	432	32	)	)	PUNCT
iiclr-17574	432	33	,	,	PUNCT
iiclr-17574	432	34	available	available	ADJ
iiclr-17574	432	35	in	in	ADP
iiclr-17574	432	36	westlaw	westlaw	NOUN
iiclr-17574	432	37	,	,	PUNCT
iiclr-17574	432	38	bna	bna	ADJ
iiclr-17574	432	39	-	-	PUNCT
iiclr-17574	432	40	der	der	NOUN
iiclr-17574	432	41	file	file	NOUN
iiclr-17574	432	42	.	.	PUNCT
iiclr-17574	433	1	109	109	NUM
iiclr-17574	433	2	.	.	PUNCT
iiclr-17574	434	1	i	i	PRON
iiclr-17574	434	2	d.	d.	PROPN
iiclr-17574	434	3	1995	1995	NUM
iiclr-17574	434	4	]	]	X
iiclr-17574	434	5	ind	ind	NOUN
iiclr-17574	434	6	.	.	PUNCT
iiclr-17574	434	7	int'l	int'l	PROPN
iiclr-17574	434	8	&	&	CCONJ
iiclr-17574	434	9	comp	comp	PROPN
iiclr-17574	434	10	.	.	PUNCT
iiclr-17574	435	1	l.	l.	PROPN
iiclr-17574	435	2	rev	rev	AUX
iiclr-17574	435	3	.	.	PROPN
iiclr-17574	435	4	underwrite	underwrite	PROPN
iiclr-17574	435	5	,	,	PUNCT
iiclr-17574	435	6	or	or	CCONJ
iiclr-17574	435	7	distribute	distribute	VERB
iiclr-17574	435	8	mutual	mutual	ADJ
iiclr-17574	435	9	funds	fund	NOUN
iiclr-17574	435	10	"	"	PUNCT
iiclr-17574	435	11	so	so	ADV
iiclr-17574	435	12	long	long	ADV
iiclr-17574	435	13	as	as	SCONJ
iiclr-17574	435	14	they	they	PRON
iiclr-17574	435	15	meet	meet	VERB
iiclr-17574	435	16	existing	exist	VERB
iiclr-17574	435	17	fed	fed	PROPN
iiclr-17574	435	18	tests	test	NOUN
iiclr-17574	435	19	for	for	ADP
iiclr-17574	435	20	section	section	NOUN
iiclr-17574	435	21	20	20	NUM
iiclr-17574	435	22	activity	activity	NOUN
iiclr-17574	435	23	.	.	PUNCT
iiclr-17574	436	1	"	"	PUNCT
iiclr-17574	436	2	"	"	PUNCT
iiclr-17574	436	3	commercial	commercial	ADJ
iiclr-17574	436	4	banks	bank	NOUN
iiclr-17574	436	5	in	in	ADP
iiclr-17574	436	6	1995	1995	NUM
iiclr-17574	436	7	engage	engage	NOUN
iiclr-17574	436	8	in	in	ADP
iiclr-17574	436	9	investment	investment	NOUN
iiclr-17574	436	10	advisory	advisory	ADJ
iiclr-17574	436	11	activities	activity	NOUN
iiclr-17574	436	12	that	that	PRON
iiclr-17574	436	13	are	be	AUX
iiclr-17574	436	14	comparable	comparable	ADJ
iiclr-17574	436	15	to	to	ADP
iiclr-17574	436	16	,	,	PUNCT
iiclr-17574	436	17	and	and	CCONJ
iiclr-17574	436	18	competitive	competitive	VERB
iiclr-17574	436	19	with	with	ADP
iiclr-17574	436	20	,	,	PUNCT
iiclr-17574	436	21	the	the	DET
iiclr-17574	436	22	services	service	NOUN
iiclr-17574	436	23	of	of	ADP
iiclr-17574	436	24	registered	register	VERB
iiclr-17574	436	25	securities	security	NOUN
iiclr-17574	436	26	firms	firm	NOUN
iiclr-17574	436	27	and	and	CCONJ
iiclr-17574	436	28	investment	investment	NOUN
iiclr-17574	436	29	advisers	adviser	NOUN
iiclr-17574	436	30	.	.	PUNCT
iiclr-17574	437	1	unlike	unlike	ADP
iiclr-17574	437	2	bank	bank	NOUN
iiclr-17574	437	3	transfer	transfer	NOUN
iiclr-17574	437	4	agents	agent	NOUN
iiclr-17574	437	5	and	and	CCONJ
iiclr-17574	437	6	bank	bank	NOUN
iiclr-17574	437	7	municipal	municipal	ADJ
iiclr-17574	437	8	and	and	CCONJ
iiclr-17574	437	9	government	government	NOUN
iiclr-17574	437	10	securities	security	NOUN
iiclr-17574	437	11	activities	activity	NOUN
iiclr-17574	437	12	,	,	PUNCT
iiclr-17574	437	13	which	which	PRON
iiclr-17574	437	14	are	be	AUX
iiclr-17574	437	15	regulated	regulate	VERB
iiclr-17574	437	16	under	under	ADP
iiclr-17574	437	17	the	the	DET
iiclr-17574	437	18	federal	federal	ADJ
iiclr-17574	437	19	securities	security	NOUN
iiclr-17574	437	20	laws	law	NOUN
iiclr-17574	437	21	,	,	PUNCT
iiclr-17574	437	22	bank	bank	NOUN
iiclr-17574	437	23	investment	investment	NOUN
iiclr-17574	437	24	advisory	advisory	NOUN
iiclr-17574	437	25	services	service	NOUN
iiclr-17574	437	26	are	be	AUX
iiclr-17574	437	27	administered	administer	VERB
iiclr-17574	437	28	outside	outside	ADP
iiclr-17574	437	29	the	the	DET
iiclr-17574	437	30	federal	federal	ADJ
iiclr-17574	437	31	regulatory	regulatory	ADJ
iiclr-17574	437	32	scheme	scheme	NOUN
iiclr-17574	437	33	.	.	PUNCT
iiclr-17574	438	1	without	without	ADP
iiclr-17574	438	2	sec	sec	PROPN
iiclr-17574	438	3	oversight	oversight	NOUN
iiclr-17574	438	4	,	,	PUNCT
iiclr-17574	438	5	119	119	NUM
iiclr-17574	438	6	commercial	commercial	ADJ
iiclr-17574	438	7	banks	bank	NOUN
iiclr-17574	438	8	in	in	ADP
iiclr-17574	438	9	1994	1994	NUM
iiclr-17574	438	10	provided	provide	VERB
iiclr-17574	438	11	investment	investment	NOUN
iiclr-17574	438	12	advice	advice	NOUN
iiclr-17574	438	13	to	to	ADP
iiclr-17574	438	14	over	over	ADP
iiclr-17574	438	15	$	$	SYM
iiclr-17574	438	16	312	312	NUM
iiclr-17574	438	17	billion	billion	NUM
iiclr-17574	438	18	in	in	ADP
iiclr-17574	438	19	mutual	mutual	ADJ
iiclr-17574	438	20	fund	fund	NOUN
iiclr-17574	438	21	assets	asset	NOUN
iiclr-17574	438	22	,	,	PUNCT
iiclr-17574	438	23	representing	represent	VERB
iiclr-17574	438	24	approximately	approximately	ADV
iiclr-17574	438	25	fifteen	fifteen	NUM
iiclr-17574	438	26	percent	percent	NOUN
iiclr-17574	438	27	of	of	ADP
iiclr-17574	438	28	total	total	ADJ
iiclr-17574	438	29	mutual	mutual	ADJ
iiclr-17574	438	30	fund	fund	NOUN
iiclr-17574	438	31	assets	asset	NOUN
iiclr-17574	438	32	.	.	PUNCT
iiclr-17574	439	1	"	"	PUNCT
iiclr-17574	439	2	'	'	PUNCT
iiclr-17574	439	3	2	2	NUM
iiclr-17574	439	4	.	.	X
iiclr-17574	439	5	banks	bank	NOUN
iiclr-17574	439	6	as	as	ADP
iiclr-17574	439	7	brokers	broker	NOUN
iiclr-17574	439	8	the	the	DET
iiclr-17574	439	9	federal	federal	PROPN
iiclr-17574	439	10	reserve	reserve	PROPN
iiclr-17574	439	11	board	board	PROPN
iiclr-17574	439	12	has	have	AUX
iiclr-17574	439	13	determined	determine	VERB
iiclr-17574	439	14	that	that	SCONJ
iiclr-17574	439	15	securities	security	NOUN
iiclr-17574	439	16	brokerage	brokerage	NOUN
iiclr-17574	439	17	activities	activity	NOUN
iiclr-17574	439	18	by	by	ADP
iiclr-17574	439	19	a	a	DET
iiclr-17574	439	20	bank	bank	NOUN
iiclr-17574	439	21	holding	hold	VERB
iiclr-17574	439	22	company	company	NOUN
iiclr-17574	439	23	or	or	CCONJ
iiclr-17574	439	24	its	its	PRON
iiclr-17574	439	25	nonbank	nonbank	NOUN
iiclr-17574	439	26	subsidiaries	subsidiary	NOUN
iiclr-17574	439	27	,	,	PUNCT
iiclr-17574	439	28	when	when	SCONJ
iiclr-17574	439	29	conducted	conduct	VERB
iiclr-17574	439	30	individually	individually	ADV
iiclr-17574	439	31	or	or	CCONJ
iiclr-17574	439	32	in	in	ADP
iiclr-17574	439	33	combination	combination	NOUN
iiclr-17574	439	34	with	with	ADP
iiclr-17574	439	35	investment	investment	NOUN
iiclr-17574	439	36	advisory	advisory	ADJ
iiclr-17574	439	37	services	service	NOUN
iiclr-17574	439	38	,	,	PUNCT
iiclr-17574	439	39	are	be	AUX
iiclr-17574	439	40	not	not	PART
iiclr-17574	439	41	deemed	deem	VERB
iiclr-17574	439	42	to	to	PART
iiclr-17574	439	43	be	be	AUX
iiclr-17574	439	44	the	the	DET
iiclr-17574	439	45	underwriting	underwriting	NOUN
iiclr-17574	439	46	,	,	PUNCT
iiclr-17574	439	47	public	public	ADJ
iiclr-17574	439	48	sale	sale	NOUN
iiclr-17574	439	49	,	,	PUNCT
iiclr-17574	439	50	or	or	CCONJ
iiclr-17574	439	51	distribution	distribution	NOUN
iiclr-17574	439	52	of	of	ADP
iiclr-17574	439	53	the	the	DET
iiclr-17574	439	54	securities	security	NOUN
iiclr-17574	439	55	prohibited	prohibit	VERB
iiclr-17574	439	56	by	by	ADP
iiclr-17574	439	57	the	the	DET
iiclr-17574	439	58	glass	glass	NOUN
iiclr-17574	439	59	-	-	PUNCT
iiclr-17574	439	60	steagall	steagall	PROPN
iiclr-17574	439	61	act	act	PROPN
iiclr-17574	439	62	.	.	PUNCT
iiclr-17574	440	1	the	the	DET
iiclr-17574	440	2	u.s	u.s	PROPN
iiclr-17574	440	3	.	.	PROPN
iiclr-17574	440	4	supreme	supreme	PROPN
iiclr-17574	440	5	court	court	PROPN
iiclr-17574	440	6	has	have	AUX
iiclr-17574	440	7	upheld	uphold	VERB
iiclr-17574	440	8	that	that	DET
iiclr-17574	440	9	determination	determination	NOUN
iiclr-17574	440	10	.	.	PUNCT
iiclr-17574	441	1	"	"	PUNCT
iiclr-17574	441	2	'	'	PUNCT
iiclr-17574	441	3	congress	congress	PROPN
iiclr-17574	441	4	gave	give	VERB
iiclr-17574	441	5	a	a	DET
iiclr-17574	441	6	national	national	ADJ
iiclr-17574	441	7	bank	bank	NOUN
iiclr-17574	441	8	the	the	DET
iiclr-17574	441	9	authority	authority	NOUN
iiclr-17574	441	10	to	to	PART
iiclr-17574	441	11	purchase	purchase	VERB
iiclr-17574	441	12	and	and	CCONJ
iiclr-17574	441	13	sell	sell	VERB
iiclr-17574	441	14	a	a	DET
iiclr-17574	441	15	mutual	mutual	ADJ
iiclr-17574	441	16	fund	fund	NOUN
iiclr-17574	441	17	share	share	NOUN
iiclr-17574	441	18	.	.	PUNCT
iiclr-17574	442	1	this	this	DET
iiclr-17574	442	2	express	express	ADJ
iiclr-17574	442	3	authority	authority	NOUN
iiclr-17574	442	4	was	be	AUX
iiclr-17574	442	5	given	give	VERB
iiclr-17574	442	6	in	in	ADP
iiclr-17574	442	7	the	the	DET
iiclr-17574	442	8	language	language	NOUN
iiclr-17574	442	9	"	"	PUNCT
iiclr-17574	442	10	upon	upon	SCONJ
iiclr-17574	442	11	the	the	DET
iiclr-17574	442	12	order	order	NOUN
iiclr-17574	442	13	,	,	PUNCT
iiclr-17574	442	14	and	and	CCONJ
iiclr-17574	442	15	for	for	ADP
iiclr-17574	442	16	the	the	DET
iiclr-17574	442	17	account	account	NOUN
iiclr-17574	442	18	,	,	PUNCT
iiclr-17574	442	19	of	of	ADP
iiclr-17574	442	20	customers	customer	NOUN
iiclr-17574	442	21	.	.	PUNCT
iiclr-17574	442	22	'	'	PUNCT
iiclr-17574	443	1	113	113	NUM
iiclr-17574	443	2	on	on	ADP
iiclr-17574	443	3	april	april	PROPN
iiclr-17574	443	4	22	22	NUM
iiclr-17574	443	5	,	,	PUNCT
iiclr-17574	443	6	1992	1992	NUM
iiclr-17574	443	7	,	,	PUNCT
iiclr-17574	443	8	the	the	DET
iiclr-17574	443	9	federal	federal	PROPN
iiclr-17574	443	10	reserve	reserve	PROPN
iiclr-17574	443	11	board	board	PROPN
iiclr-17574	443	12	adopted	adopt	VERB
iiclr-17574	443	13	final	final	ADJ
iiclr-17574	443	14	regulations	regulation	NOUN
iiclr-17574	443	15	,	,	PUNCT
iiclr-17574	443	16	adding	add	VERB
iiclr-17574	443	17	to	to	ADP
iiclr-17574	443	18	the	the	DET
iiclr-17574	443	19	regulation	regulation	NOUN
iiclr-17574	443	20	y	y	PROPN
iiclr-17574	443	21	list	list	NOUN
iiclr-17574	443	22	of	of	ADP
iiclr-17574	443	23	activities	activity	NOUN
iiclr-17574	443	24	that	that	PRON
iiclr-17574	443	25	are	be	AUX
iiclr-17574	443	26	"	"	PUNCT
iiclr-17574	443	27	closely	closely	ADV
iiclr-17574	443	28	related	relate	VERB
iiclr-17574	443	29	to	to	ADP
iiclr-17574	443	30	banking	banking	NOUN
iiclr-17574	443	31	.	.	PUNCT
iiclr-17574	444	1	"	"	PUNCT
iiclr-17574	444	2	"	"	PUNCT
iiclr-17574	444	3	4	4	NUM
iiclr-17574	444	4	specifically	specifically	ADV
iiclr-17574	444	5	,	,	PUNCT
iiclr-17574	444	6	the	the	DET
iiclr-17574	444	7	board	board	NOUN
iiclr-17574	444	8	allowed	allow	VERB
iiclr-17574	444	9	bank	bank	NOUN
iiclr-17574	444	10	holding	hold	VERB
iiclr-17574	444	11	companies	company	NOUN
iiclr-17574	444	12	that	that	PRON
iiclr-17574	444	13	receive	receive	VERB
iiclr-17574	444	14	or	or	CCONJ
iiclr-17574	444	15	have	have	AUX
iiclr-17574	444	16	received	receive	VERB
iiclr-17574	444	17	approval	approval	NOUN
iiclr-17574	444	18	to	to	PART
iiclr-17574	444	19	engage	engage	VERB
iiclr-17574	444	20	in	in	ADP
iiclr-17574	444	21	brokerage	brokerage	NOUN
iiclr-17574	444	22	to	to	PART
iiclr-17574	444	23	sell	sell	VERB
iiclr-17574	444	24	,	,	PUNCT
iiclr-17574	444	25	solely	solely	ADV
iiclr-17574	444	26	as	as	ADP
iiclr-17574	444	27	an	an	DET
iiclr-17574	444	28	agent	agent	NOUN
iiclr-17574	444	29	or	or	CCONJ
iiclr-17574	444	30	broker	broker	NOUN
iiclr-17574	444	31	for	for	ADP
iiclr-17574	444	32	customers	customer	NOUN
iiclr-17574	444	33	,	,	PUNCT
iiclr-17574	444	34	to	to	PART
iiclr-17574	444	35	broker	broker	VERB
iiclr-17574	444	36	shares	share	NOUN
iiclr-17574	444	37	of	of	ADP
iiclr-17574	444	38	proprietary	proprietary	ADJ
iiclr-17574	444	39	mutual	mutual	ADJ
iiclr-17574	444	40	funds	fund	NOUN
iiclr-17574	444	41	.	.	PUNCT
iiclr-17574	444	42	"	"	PUNCT
iiclr-17574	445	1	5	5	NUM
iiclr-17574	445	2	the	the	DET
iiclr-17574	445	3	rule	rule	NOUN
iiclr-17574	445	4	requires	require	VERB
iiclr-17574	445	5	that	that	SCONJ
iiclr-17574	445	6	any	any	DET
iiclr-17574	445	7	bank	bank	NOUN
iiclr-17574	445	8	holding	hold	VERB
iiclr-17574	445	9	company	company	NOUN
iiclr-17574	445	10	that	that	PRON
iiclr-17574	445	11	provides	provide	VERB
iiclr-17574	445	12	securities	security	NOUN
iiclr-17574	445	13	brokerage	brokerage	NOUN
iiclr-17574	445	14	in	in	ADP
iiclr-17574	445	15	connection	connection	NOUN
iiclr-17574	445	16	with	with	ADP
iiclr-17574	445	17	the	the	DET
iiclr-17574	445	18	shares	share	NOUN
iiclr-17574	445	19	of	of	ADP
iiclr-17574	445	20	a	a	DET
iiclr-17574	445	21	proprietary	proprietary	ADJ
iiclr-17574	445	22	mutual	mutual	ADJ
iiclr-17574	445	23	fund	fund	NOUN
iiclr-17574	445	24	must	must	AUX
iiclr-17574	445	25	:	:	PUNCT
iiclr-17574	445	26	(	(	PUNCT
iiclr-17574	445	27	i	i	NOUN
iiclr-17574	445	28	)	)	PUNCT
iiclr-17574	445	29	disclose	disclose	VERB
iiclr-17574	445	30	its	its	PRON
iiclr-17574	445	31	dual	dual	ADJ
iiclr-17574	445	32	roles	role	NOUN
iiclr-17574	445	33	to	to	ADP
iiclr-17574	445	34	customers	customer	NOUN
iiclr-17574	445	35	;	;	PUNCT
iiclr-17574	445	36	(	(	PUNCT
iiclr-17574	445	37	ii	ii	NOUN
iiclr-17574	445	38	)	)	PUNCT
iiclr-17574	445	39	caution	caution	VERB
iiclr-17574	445	40	customers	customer	NOUN
iiclr-17574	445	41	to	to	PART
iiclr-17574	445	42	read	read	VERB
iiclr-17574	445	43	the	the	DET
iiclr-17574	445	44	prospectus	prospectus	NOUN
iiclr-17574	445	45	of	of	ADP
iiclr-17574	445	46	the	the	DET
iiclr-17574	445	47	fund	fund	NOUN
iiclr-17574	445	48	before	before	ADP
iiclr-17574	445	49	investing	investing	NOUN
iiclr-17574	445	50	;	;	PUNCT
iiclr-17574	445	51	and	and	CCONJ
iiclr-17574	445	52	(	(	PUNCT
iiclr-17574	445	53	iii	iii	X
iiclr-17574	445	54	)	)	PUNCT
iiclr-17574	445	55	advise	advise	VERB
iiclr-17574	445	56	customers	customer	NOUN
iiclr-17574	445	57	in	in	ADP
iiclr-17574	445	58	writing	write	VERB
iiclr-17574	445	59	that	that	SCONJ
iiclr-17574	445	60	the	the	DET
iiclr-17574	445	61	fund	fund	NOUN
iiclr-17574	445	62	's	's	PART
iiclr-17574	445	63	shares	share	NOUN
iiclr-17574	445	64	are	be	AUX
iiclr-17574	445	65	not	not	PART
iiclr-17574	445	66	deposits	deposit	NOUN
iiclr-17574	445	67	,	,	PUNCT
iiclr-17574	445	68	are	be	AUX
iiclr-17574	445	69	not	not	PART
iiclr-17574	445	70	obligations	obligation	NOUN
iiclr-17574	445	71	of	of	ADP
iiclr-17574	445	72	any	any	DET
iiclr-17574	445	73	bank	bank	NOUN
iiclr-17574	445	74	,	,	PUNCT
iiclr-17574	445	75	are	be	AUX
iiclr-17574	445	76	not	not	PART
iiclr-17574	445	77	insured	insure	VERB
iiclr-17574	445	78	by	by	ADP
iiclr-17574	445	79	the	the	DET
iiclr-17574	445	80	federal	federal	ADJ
iiclr-17574	445	81	deposit	deposit	NOUN
iiclr-17574	445	82	insurance	insurance	NOUN
iiclr-17574	445	83	company	company	NOUN
iiclr-17574	445	84	(	(	PUNCT
iiclr-17574	445	85	fdic	fdic	PROPN
iiclr-17574	445	86	)	)	PUNCT
iiclr-17574	445	87	,	,	PUNCT
iiclr-17574	445	88	and	and	CCONJ
iiclr-17574	445	89	are	be	AUX
iiclr-17574	445	90	not	not	PART
iiclr-17574	445	91	endorsed	endorse	VERB
iiclr-17574	445	92	or	or	CCONJ
iiclr-17574	445	93	guaranteed	guarantee	VERB
iiclr-17574	445	94	by	by	ADP
iiclr-17574	445	95	the	the	DET
iiclr-17574	445	96	bank	bank	NOUN
iiclr-17574	445	97	in	in	ADP
iiclr-17574	445	98	any	any	DET
iiclr-17574	445	99	way	way	NOUN
iiclr-17574	445	100	.	.	PUNCT
iiclr-17574	445	101	"	"	PUNCT
iiclr-17574	446	1	6	6	NUM
iiclr-17574	446	2	the	the	DET
iiclr-17574	446	3	purpose	purpose	NOUN
iiclr-17574	446	4	l10	l10	PROPN
iiclr-17574	446	5	.	.	PUNCT
iiclr-17574	447	1	i	i	PRON
iiclr-17574	447	2	d.	d.	PROPN
iiclr-17574	447	3	11	11	NUM
iiclr-17574	447	4	.	.	PUNCT
iiclr-17574	448	1	see	see	VERB
iiclr-17574	448	2	lipper	lipper	PROPN
iiclr-17574	448	3	analytical	analytical	PROPN
iiclr-17574	448	4	services	services	PROPN
iiclr-17574	448	5	,	,	PUNCT
iiclr-17574	448	6	inc	inc	PROPN
iiclr-17574	448	7	.	.	PROPN
iiclr-17574	448	8	,	,	PUNCT
iiclr-17574	448	9	bank	bank	NOUN
iiclr-17574	448	10	-	-	PUNCT
iiclr-17574	448	11	related	relate	VERB
iiclr-17574	448	12	fund	fund	NOUN
iiclr-17574	448	13	analysis	analysis	NOUN
iiclr-17574	448	14	(	(	PUNCT
iiclr-17574	448	15	fourth	fourth	ADJ
iiclr-17574	448	16	quarter	quarter	NOUN
iiclr-17574	448	17	1994	1994	NUM
iiclr-17574	448	18	)	)	PUNCT
iiclr-17574	448	19	(	(	PUNCT
iiclr-17574	448	20	on	on	ADP
iiclr-17574	448	21	file	file	NOUN
iiclr-17574	448	22	with	with	ADP
iiclr-17574	448	23	ind	ind	NOUN
iiclr-17574	448	24	.	.	PUNCT
iiclr-17574	449	1	int'l	int'l	PROPN
iiclr-17574	449	2	&	&	CCONJ
iiclr-17574	449	3	comp	comp	PROPN
iiclr-17574	449	4	.	.	PUNCT
iiclr-17574	450	1	l.	l.	PROPN
iiclr-17574	450	2	rev	rev	PROPN
iiclr-17574	450	3	.	.	PROPN
iiclr-17574	450	4	)	)	PUNCT
iiclr-17574	450	5	.	.	PUNCT
iiclr-17574	451	1	112	112	NUM
iiclr-17574	451	2	.	.	PUNCT
iiclr-17574	452	1	see	see	VERB
iiclr-17574	452	2	sec	sec	PROPN
iiclr-17574	452	3	.	.	PROPN
iiclr-17574	452	4	indus	indus	PROPN
iiclr-17574	452	5	.	.	PUNCT
iiclr-17574	453	1	ass'n	ass'n	PROPN
iiclr-17574	453	2	v.	v.	PROPN
iiclr-17574	453	3	bd	bd	PROPN
iiclr-17574	453	4	.	.	PROPN
iiclr-17574	453	5	of	of	ADP
iiclr-17574	453	6	governors	governor	NOUN
iiclr-17574	453	7	,	,	PUNCT
iiclr-17574	453	8	468	468	NUM
iiclr-17574	453	9	u.s	u.s	PROPN
iiclr-17574	453	10	.	.	PROPN
iiclr-17574	453	11	207	207	NUM
iiclr-17574	453	12	.	.	X
iiclr-17574	453	13	113	113	NUM
iiclr-17574	453	14	.	.	X
iiclr-17574	453	15	12	12	NUM
iiclr-17574	454	1	u.s.c.a	u.s.c.a	PROPN
iiclr-17574	454	2	.	.	PUNCT
iiclr-17574	455	1	§	§	PROPN
iiclr-17574	455	2	24	24	NUM
iiclr-17574	455	3	(	(	PUNCT
iiclr-17574	455	4	1994	1994	NUM
iiclr-17574	455	5	)	)	PUNCT
iiclr-17574	455	6	.	.	PUNCT
iiclr-17574	456	1	114	114	NUM
iiclr-17574	456	2	.	.	X
iiclr-17574	456	3	57	57	NUM
iiclr-17574	456	4	fed	fed	PROPN
iiclr-17574	456	5	.	.	PUNCT
iiclr-17574	457	1	reg	reg	PROPN
iiclr-17574	457	2	.	.	PUNCT
iiclr-17574	458	1	41,381	41,381	NUM
iiclr-17574	458	2	,	,	PUNCT
iiclr-17574	458	3	41,387	41,387	NUM
iiclr-17574	458	4	(	(	PUNCT
iiclr-17574	458	5	1992	1992	NUM
iiclr-17574	458	6	)	)	PUNCT
iiclr-17574	458	7	(	(	PUNCT
iiclr-17574	458	8	to	to	PART
iiclr-17574	458	9	be	be	AUX
iiclr-17574	458	10	codified	codify	VERB
iiclr-17574	458	11	at	at	ADP
iiclr-17574	458	12	12	12	NUM
iiclr-17574	458	13	c.f.r	c.f.r	NOUN
iiclr-17574	458	14	.	.	PUNCT
iiclr-17574	459	1	§	§	PROPN
iiclr-17574	459	2	225.25	225.25	NUM
iiclr-17574	459	3	)	)	PUNCT
iiclr-17574	459	4	.	.	PUNCT
iiclr-17574	460	1	115	115	NUM
iiclr-17574	460	2	.	.	PUNCT
iiclr-17574	461	1	57	57	NUM
iiclr-17574	461	2	fed	fed	PROPN
iiclr-17574	461	3	.	.	PUNCT
iiclr-17574	462	1	reg	reg	PROPN
iiclr-17574	462	2	.	.	PUNCT
iiclr-17574	463	1	30,387	30,387	NUM
iiclr-17574	463	2	.	.	PUNCT
iiclr-17574	464	1	116	116	NUM
iiclr-17574	464	2	.	.	PUNCT
iiclr-17574	465	1	57	57	NUM
iiclr-17574	465	2	fed	fed	PROPN
iiclr-17574	465	3	.	.	PUNCT
iiclr-17574	466	1	reg	reg	NOUN
iiclr-17574	466	2	.	.	PUNCT
iiclr-17574	467	1	30,391	30,391	NUM
iiclr-17574	467	2	(	(	PUNCT
iiclr-17574	467	3	1992	1992	NUM
iiclr-17574	467	4	)	)	PUNCT
iiclr-17574	467	5	(	(	PUNCT
iiclr-17574	467	6	to	to	PART
iiclr-17574	467	7	be	be	AUX
iiclr-17574	467	8	codified	codify	VERB
iiclr-17574	467	9	at	at	ADP
iiclr-17574	467	10	12	12	NUM
iiclr-17574	467	11	c.f.r	c.f.r	NOUN
iiclr-17574	467	12	.	.	PUNCT
iiclr-17574	468	1	§	§	PROPN
iiclr-17574	468	2	225.125	225.125	NUM
iiclr-17574	468	3	)	)	PUNCT
iiclr-17574	468	4	.	.	PUNCT
iiclr-17574	469	1	[	[	X
iiclr-17574	469	2	vol	vol	NOUN
iiclr-17574	469	3	.	.	PUNCT
iiclr-17574	469	4	5:2	5:2	NUM
iiclr-17574	469	5	mutual	mutual	ADJ
iiclr-17574	469	6	fund	fund	NOUN
iiclr-17574	469	7	emergence	emergence	NOUN
iiclr-17574	469	8	of	of	ADP
iiclr-17574	469	9	this	this	DET
iiclr-17574	469	10	regulation	regulation	NOUN
iiclr-17574	469	11	is	be	AUX
iiclr-17574	469	12	to	to	PART
iiclr-17574	469	13	alert	alert	VERB
iiclr-17574	469	14	the	the	DET
iiclr-17574	469	15	public	public	NOUN
iiclr-17574	469	16	that	that	PRON
iiclr-17574	469	17	bank	bank	NOUN
iiclr-17574	469	18	-	-	PUNCT
iiclr-17574	469	19	sold	sell	VERB
iiclr-17574	469	20	mutual	mutual	ADJ
iiclr-17574	469	21	funds	fund	NOUN
iiclr-17574	469	22	are	be	AUX
iiclr-17574	469	23	not	not	PART
iiclr-17574	469	24	insured	insure	VERB
iiclr-17574	469	25	or	or	CCONJ
iiclr-17574	469	26	guaranteed	guarantee	VERB
iiclr-17574	469	27	by	by	ADP
iiclr-17574	469	28	the	the	DET
iiclr-17574	469	29	bank	bank	NOUN
iiclr-17574	469	30	itself	itself	PRON
iiclr-17574	469	31	.	.	PUNCT
iiclr-17574	470	1	banks	bank	NOUN
iiclr-17574	470	2	that	that	PRON
iiclr-17574	470	3	engage	engage	VERB
iiclr-17574	470	4	directly	directly	ADV
iiclr-17574	470	5	in	in	ADP
iiclr-17574	470	6	securities	security	NOUN
iiclr-17574	470	7	activities	activity	NOUN
iiclr-17574	470	8	are	be	AUX
iiclr-17574	470	9	excluded	exclude	VERB
iiclr-17574	470	10	from	from	ADP
iiclr-17574	470	11	the	the	DET
iiclr-17574	470	12	definitions	definition	NOUN
iiclr-17574	470	13	of	of	ADP
iiclr-17574	470	14	"	"	PUNCT
iiclr-17574	470	15	broker	broker	NOUN
iiclr-17574	470	16	"	"	PUNCT
iiclr-17574	470	17	and	and	CCONJ
iiclr-17574	470	18	"	"	PUNCT
iiclr-17574	470	19	dealer	dealer	NOUN
iiclr-17574	470	20	"	"	PUNCT
iiclr-17574	470	21	in	in	ADP
iiclr-17574	470	22	the	the	DET
iiclr-17574	470	23	exchange	exchange	NOUN
iiclr-17574	470	24	act	act	NOUN
iiclr-17574	470	25	,	,	PUNCT
iiclr-17574	470	26	and	and	CCONJ
iiclr-17574	470	27	are	be	AUX
iiclr-17574	470	28	therefore	therefore	ADV
iiclr-17574	470	29	exempt	exempt	ADJ
iiclr-17574	470	30	from	from	ADP
iiclr-17574	470	31	broker	broker	NOUN
iiclr-17574	470	32	-	-	PUNCT
iiclr-17574	470	33	dealer	dealer	NOUN
iiclr-17574	470	34	regulation	regulation	NOUN
iiclr-17574	470	35	under	under	ADP
iiclr-17574	470	36	the	the	DET
iiclr-17574	470	37	federal	federal	ADJ
iiclr-17574	470	38	securities	security	NOUN
iiclr-17574	470	39	laws	law	NOUN
iiclr-17574	470	40	with	with	ADP
iiclr-17574	470	41	the	the	DET
iiclr-17574	470	42	exception	exception	NOUN
iiclr-17574	470	43	of	of	ADP
iiclr-17574	470	44	the	the	DET
iiclr-17574	470	45	antifraud	antifraud	PROPN
iiclr-17574	470	46	provisions	provision	NOUN
iiclr-17574	470	47	.	.	PUNCT
iiclr-17574	471	1	17	17	NUM
iiclr-17574	471	2	banking	banking	NOUN
iiclr-17574	471	3	regulations	regulation	NOUN
iiclr-17574	471	4	do	do	AUX
iiclr-17574	471	5	not	not	PART
iiclr-17574	471	6	establish	establish	VERB
iiclr-17574	471	7	specific	specific	ADJ
iiclr-17574	471	8	qualification	qualification	NOUN
iiclr-17574	471	9	and	and	CCONJ
iiclr-17574	471	10	continuing	continue	VERB
iiclr-17574	471	11	education	education	NOUN
iiclr-17574	471	12	for	for	ADP
iiclr-17574	471	13	securities	security	NOUN
iiclr-17574	471	14	salespersons	salesperson	NOUN
iiclr-17574	471	15	,	,	PUNCT
iiclr-17574	471	16	and	and	CCONJ
iiclr-17574	471	17	do	do	AUX
iiclr-17574	471	18	not	not	PART
iiclr-17574	471	19	provide	provide	VERB
iiclr-17574	471	20	for	for	ADP
iiclr-17574	471	21	the	the	DET
iiclr-17574	471	22	statutory	statutory	ADJ
iiclr-17574	471	23	disqualification	disqualification	NOUN
iiclr-17574	471	24	of	of	ADP
iiclr-17574	471	25	bank	bank	NOUN
iiclr-17574	471	26	securities	security	NOUN
iiclr-17574	471	27	salespersons	salesperson	NOUN
iiclr-17574	471	28	with	with	ADP
iiclr-17574	471	29	disciplinary	disciplinary	ADJ
iiclr-17574	471	30	histories	history	NOUN
iiclr-17574	471	31	.	.	PUNCT
iiclr-17574	472	1	despite	despite	SCONJ
iiclr-17574	472	2	the	the	DET
iiclr-17574	472	3	foregoing	foregoing	NOUN
iiclr-17574	472	4	,	,	PUNCT
iiclr-17574	472	5	in	in	ADP
iiclr-17574	472	6	1994	1994	NUM
iiclr-17574	472	7	,	,	PUNCT
iiclr-17574	472	8	over	over	ADP
iiclr-17574	472	9	1800	1800	NUM
iiclr-17574	472	10	banking	banking	NOUN
iiclr-17574	472	11	firms	firm	NOUN
iiclr-17574	472	12	sold	sell	VERB
iiclr-17574	472	13	mutual	mutual	ADJ
iiclr-17574	472	14	funds	fund	NOUN
iiclr-17574	472	15	to	to	ADP
iiclr-17574	472	16	their	their	PRON
iiclr-17574	472	17	customers	customer	NOUN
iiclr-17574	472	18	.	.	PUNCT
iiclr-17574	473	1	"1	"1	NOUN
iiclr-17574	473	2	8	8	NUM
iiclr-17574	473	3	3	3	NUM
iiclr-17574	473	4	.	.	PUNCT
iiclr-17574	473	5	bank	bank	NOUN
iiclr-17574	473	6	sales	sale	NOUN
iiclr-17574	473	7	of	of	ADP
iiclr-17574	473	8	private	private	ADJ
iiclr-17574	473	9	label	label	NOUN
iiclr-17574	473	10	funds	fund	NOUN
iiclr-17574	473	11	specialized	specialized	ADJ
iiclr-17574	473	12	bank	bank	NOUN
iiclr-17574	473	13	products	product	NOUN
iiclr-17574	473	14	,	,	PUNCT
iiclr-17574	473	15	such	such	ADJ
iiclr-17574	473	16	as	as	ADP
iiclr-17574	473	17	"	"	PUNCT
iiclr-17574	473	18	private	private	ADJ
iiclr-17574	473	19	label	label	NOUN
iiclr-17574	473	20	"	"	PUNCT
iiclr-17574	473	21	mutual	mutual	ADJ
iiclr-17574	473	22	funds	fund	NOUN
iiclr-17574	473	23	,	,	PUNCT
iiclr-17574	473	24	have	have	AUX
iiclr-17574	473	25	also	also	ADV
iiclr-17574	473	26	evolved	evolve	VERB
iiclr-17574	473	27	.	.	PUNCT
iiclr-17574	474	1	private	private	ADJ
iiclr-17574	474	2	label	label	NOUN
iiclr-17574	474	3	mutual	mutual	ADJ
iiclr-17574	474	4	funds	fund	NOUN
iiclr-17574	474	5	have	have	VERB
iiclr-17574	474	6	an	an	DET
iiclr-17574	474	7	unaffiliated	unaffiliated	ADJ
iiclr-17574	474	8	investment	investment	NOUN
iiclr-17574	474	9	adviser	adviser	NOUN
iiclr-17574	474	10	,	,	PUNCT
iiclr-17574	474	11	but	but	CCONJ
iiclr-17574	474	12	are	be	AUX
iiclr-17574	474	13	marketed	market	VERB
iiclr-17574	474	14	and	and	CCONJ
iiclr-17574	474	15	sold	sell	VERB
iiclr-17574	474	16	by	by	ADP
iiclr-17574	474	17	the	the	DET
iiclr-17574	474	18	bank	bank	NOUN
iiclr-17574	474	19	directly	directly	ADV
iiclr-17574	474	20	to	to	ADP
iiclr-17574	474	21	bank	bank	NOUN
iiclr-17574	474	22	customers	customer	NOUN
iiclr-17574	474	23	.	.	PUNCT
iiclr-17574	475	1	typically	typically	ADV
iiclr-17574	475	2	,	,	PUNCT
iiclr-17574	475	3	these	these	DET
iiclr-17574	475	4	funds	fund	NOUN
iiclr-17574	475	5	will	will	AUX
iiclr-17574	475	6	bear	bear	VERB
iiclr-17574	475	7	a	a	DET
iiclr-17574	475	8	name	name	NOUN
iiclr-17574	475	9	that	that	PRON
iiclr-17574	475	10	is	be	AUX
iiclr-17574	475	11	identified	identify	VERB
iiclr-17574	475	12	with	with	ADP
iiclr-17574	475	13	the	the	DET
iiclr-17574	475	14	marketing	marketing	NOUN
iiclr-17574	475	15	bank	bank	NOUN
iiclr-17574	475	16	.	.	PUNCT
iiclr-17574	476	1	banks	bank	NOUN
iiclr-17574	476	2	and	and	CCONJ
iiclr-17574	476	3	thrifts	thrift	NOUN
iiclr-17574	476	4	recommending	recommend	VERB
iiclr-17574	476	5	or	or	CCONJ
iiclr-17574	476	6	selling	sell	VERB
iiclr-17574	476	7	such	such	ADJ
iiclr-17574	476	8	products	product	NOUN
iiclr-17574	476	9	should	should	AUX
iiclr-17574	476	10	ensure	ensure	VERB
iiclr-17574	476	11	that	that	SCONJ
iiclr-17574	476	12	customers	customer	NOUN
iiclr-17574	476	13	are	be	AUX
iiclr-17574	476	14	fully	fully	ADV
iiclr-17574	476	15	informed	inform	VERB
iiclr-17574	476	16	that	that	SCONJ
iiclr-17574	476	17	the	the	DET
iiclr-17574	476	18	products	product	NOUN
iiclr-17574	476	19	are	be	AUX
iiclr-17574	476	20	:	:	PUNCT
iiclr-17574	476	21	(	(	PUNCT
iiclr-17574	476	22	1	1	X
iiclr-17574	476	23	)	)	PUNCT
iiclr-17574	476	24	not	not	PART
iiclr-17574	476	25	fdic	fdic	PROPN
iiclr-17574	476	26	insured	insure	VERB
iiclr-17574	476	27	;	;	PUNCT
iiclr-17574	476	28	(	(	PUNCT
iiclr-17574	476	29	2	2	X
iiclr-17574	476	30	)	)	PUNCT
iiclr-17574	476	31	not	not	PART
iiclr-17574	476	32	deposits	deposit	NOUN
iiclr-17574	476	33	or	or	CCONJ
iiclr-17574	476	34	other	other	ADJ
iiclr-17574	476	35	obligations	obligation	NOUN
iiclr-17574	476	36	of	of	ADP
iiclr-17574	476	37	the	the	DET
iiclr-17574	476	38	institution	institution	NOUN
iiclr-17574	476	39	and	and	CCONJ
iiclr-17574	476	40	are	be	AUX
iiclr-17574	476	41	not	not	PART
iiclr-17574	476	42	guaranteed	guarantee	VERB
iiclr-17574	476	43	by	by	ADP
iiclr-17574	476	44	the	the	DET
iiclr-17574	476	45	institution	institution	NOUN
iiclr-17574	476	46	;	;	PUNCT
iiclr-17574	476	47	and	and	CCONJ
iiclr-17574	476	48	(	(	PUNCT
iiclr-17574	476	49	3	3	X
iiclr-17574	476	50	)	)	PUNCT
iiclr-17574	476	51	involve	involve	VERB
iiclr-17574	476	52	investment	investment	NOUN
iiclr-17574	476	53	risks	risk	NOUN
iiclr-17574	476	54	,	,	PUNCT
iiclr-17574	476	55	including	include	VERB
iiclr-17574	476	56	possible	possible	ADJ
iiclr-17574	476	57	loss	loss	NOUN
iiclr-17574	476	58	of	of	ADP
iiclr-17574	476	59	principal	principal	NOUN
iiclr-17574	476	60	.	.	PUNCT
iiclr-17574	477	1	these	these	DET
iiclr-17574	477	2	disclosures	disclosure	NOUN
iiclr-17574	477	3	must	must	AUX
iiclr-17574	477	4	be	be	AUX
iiclr-17574	477	5	made	make	VERB
iiclr-17574	477	6	in	in	ADP
iiclr-17574	477	7	a	a	DET
iiclr-17574	477	8	clear	clear	ADJ
iiclr-17574	477	9	and	and	CCONJ
iiclr-17574	477	10	conspicuous	conspicuous	ADJ
iiclr-17574	477	11	manner	manner	NOUN
iiclr-17574	477	12	.	.	PUNCT
iiclr-17574	477	13	"	"	PUNCT
iiclr-17574	478	1	9	9	NUM
iiclr-17574	478	2	vi	vi	NOUN
iiclr-17574	478	3	.	.	NOUN
iiclr-17574	478	4	conclusion	conclusion	NOUN
iiclr-17574	478	5	of	of	ADP
iiclr-17574	478	6	part	part	NOUN
iiclr-17574	478	7	one	one	NUM
iiclr-17574	478	8	as	as	ADP
iiclr-17574	478	9	of	of	ADP
iiclr-17574	478	10	march	march	PROPN
iiclr-17574	478	11	31	31	NUM
iiclr-17574	478	12	,	,	PUNCT
iiclr-17574	478	13	1992	1992	NUM
iiclr-17574	478	14	,	,	PUNCT
iiclr-17574	478	15	banks	bank	NOUN
iiclr-17574	478	16	managed	manage	VERB
iiclr-17574	478	17	ten	ten	NUM
iiclr-17574	478	18	percent	percent	NOUN
iiclr-17574	478	19	of	of	ADP
iiclr-17574	478	20	the	the	DET
iiclr-17574	478	21	$	$	SYM
iiclr-17574	478	22	1.428	1.428	NUM
iiclr-17574	478	23	trillion	trillion	NUM
iiclr-17574	478	24	in	in	ADP
iiclr-17574	478	25	u.s	u.s	PROPN
iiclr-17574	478	26	.	.	PROPN
iiclr-17574	478	27	mutual	mutual	ADJ
iiclr-17574	478	28	fund	fund	NOUN
iiclr-17574	478	29	assets	asset	NOUN
iiclr-17574	478	30	,	,	PUNCT
iiclr-17574	478	31	up	up	ADV
iiclr-17574	478	32	from	from	ADP
iiclr-17574	478	33	less	less	ADJ
iiclr-17574	478	34	than	than	ADP
iiclr-17574	478	35	five	five	NUM
iiclr-17574	478	36	percent	percent	NOUN
iiclr-17574	478	37	in	in	ADP
iiclr-17574	478	38	1987.20	1987.20	NUM
iiclr-17574	478	39	assets	asset	NOUN
iiclr-17574	478	40	of	of	ADP
iiclr-17574	478	41	bank	bank	NOUN
iiclr-17574	478	42	-	-	PUNCT
iiclr-17574	478	43	related	relate	VERB
iiclr-17574	478	44	equity	equity	NOUN
iiclr-17574	478	45	funds	fund	NOUN
iiclr-17574	478	46	have	have	AUX
iiclr-17574	478	47	grown	grow	VERB
iiclr-17574	478	48	nearly	nearly	ADV
iiclr-17574	478	49	sevenfold	sevenfold	ADJ
iiclr-17574	478	50	since	since	SCONJ
iiclr-17574	478	51	1987	1987	NUM
iiclr-17574	478	52	,	,	PUNCT
iiclr-17574	478	53	while	while	SCONJ
iiclr-17574	478	54	assets	asset	NOUN
iiclr-17574	478	55	of	of	ADP
iiclr-17574	478	56	bank	bank	NOUN
iiclr-17574	478	57	-	-	PUNCT
iiclr-17574	478	58	managed	manage	VERB
iiclr-17574	478	59	fixed	fix	VERB
iiclr-17574	478	60	-	-	PUNCT
iiclr-17574	478	61	income	income	NOUN
iiclr-17574	478	62	funds	fund	NOUN
iiclr-17574	478	63	have	have	AUX
iiclr-17574	478	64	increased	increase	VERB
iiclr-17574	478	65	tenfold	tenfold	ADV
iiclr-17574	478	66	.	.	PUNCT
iiclr-17574	478	67	'	'	PUNCT
iiclr-17574	479	1	2	2	NUM
iiclr-17574	479	2	'	'	NUM
iiclr-17574	479	3	the	the	DET
iiclr-17574	479	4	number	number	NOUN
iiclr-17574	479	5	of	of	ADP
iiclr-17574	479	6	banks	bank	NOUN
iiclr-17574	479	7	selling	sell	VERB
iiclr-17574	479	8	mutual	mutual	ADJ
iiclr-17574	479	9	funds	fund	NOUN
iiclr-17574	479	10	climbed	climb	VERB
iiclr-17574	479	11	from	from	ADP
iiclr-17574	479	12	502	502	NUM
iiclr-17574	479	13	to	to	PART
iiclr-17574	479	14	736	736	NUM
iiclr-17574	479	15	in	in	ADP
iiclr-17574	479	16	the	the	DET
iiclr-17574	479	17	first	first	ADJ
iiclr-17574	479	18	six	six	NUM
iiclr-17574	479	19	months	month	NOUN
iiclr-17574	479	20	of	of	ADP
iiclr-17574	479	21	1993	1993	NUM
iiclr-17574	479	22	,	,	PUNCT
iiclr-17574	479	23	nearly	nearly	ADV
iiclr-17574	479	24	triple	triple	DET
iiclr-17574	479	25	the	the	DET
iiclr-17574	479	26	amount	amount	NOUN
iiclr-17574	479	27	that	that	PRON
iiclr-17574	479	28	existed	exist	VERB
iiclr-17574	479	29	in	in	ADP
iiclr-17574	479	30	1987,122	1987,122	NUM
iiclr-17574	479	31	and	and	CCONJ
iiclr-17574	479	32	now	now	ADV
iiclr-17574	479	33	accounts	account	VERB
iiclr-17574	479	34	for	for	ADP
iiclr-17574	479	35	fifteen	fifteen	NUM
iiclr-17574	479	36	percent	percent	NOUN
iiclr-17574	479	37	of	of	ADP
iiclr-17574	479	38	all	all	DET
iiclr-17574	479	39	the	the	DET
iiclr-17574	479	40	stock	stock	NOUN
iiclr-17574	479	41	and	and	CCONJ
iiclr-17574	479	42	bond	bond	NOUN
iiclr-17574	479	43	mutual	mutual	ADJ
iiclr-17574	479	44	fund	fund	NOUN
iiclr-17574	479	45	shares	share	NOUN
iiclr-17574	479	46	117	117	NUM
iiclr-17574	479	47	.	.	NOUN
iiclr-17574	479	48	15	15	NUM
iiclr-17574	479	49	u.s.c	u.s.c	NOUN
iiclr-17574	479	50	.	.	PUNCT
iiclr-17574	480	1	§	§	PROPN
iiclr-17574	480	2	78j	78j	NUM
iiclr-17574	480	3	(	(	PUNCT
iiclr-17574	480	4	1988	1988	NUM
iiclr-17574	480	5	)	)	PUNCT
iiclr-17574	480	6	(	(	PUNCT
iiclr-17574	480	7	proscribing	proscribe	VERB
iiclr-17574	480	8	the	the	DET
iiclr-17574	480	9	use	use	NOUN
iiclr-17574	480	10	of	of	ADP
iiclr-17574	480	11	manipulative	manipulative	ADJ
iiclr-17574	480	12	and	and	CCONJ
iiclr-17574	480	13	deceptive	deceptive	ADJ
iiclr-17574	480	14	devices	device	NOUN
iiclr-17574	480	15	in	in	ADP
iiclr-17574	480	16	connection	connection	NOUN
iiclr-17574	480	17	with	with	ADP
iiclr-17574	480	18	the	the	DET
iiclr-17574	480	19	purchase	purchase	NOUN
iiclr-17574	480	20	or	or	CCONJ
iiclr-17574	480	21	sale	sale	NOUN
iiclr-17574	480	22	of	of	ADP
iiclr-17574	480	23	any	any	DET
iiclr-17574	480	24	security	security	NOUN
iiclr-17574	480	25	by	by	ADP
iiclr-17574	480	26	"	"	PUNCT
iiclr-17574	480	27	any	any	DET
iiclr-17574	480	28	person	person	NOUN
iiclr-17574	480	29	"	"	PUNCT
iiclr-17574	480	30	)	)	PUNCT
iiclr-17574	480	31	.	.	PUNCT
iiclr-17574	481	1	118	118	NUM
iiclr-17574	481	2	.	.	PUNCT
iiclr-17574	482	1	see	see	VERB
iiclr-17574	482	2	michelle	michelle	PROPN
iiclr-17574	482	3	clark	clark	PROPN
iiclr-17574	482	4	,	,	PUNCT
iiclr-17574	482	5	cal	cal	PROPN
iiclr-17574	482	6	repoans	repoan	NOUN
iiclr-17574	482	7	show	show	VERB
iiclr-17574	482	8	surprisingly	surprisingly	ADV
iiclr-17574	482	9	few	few	ADJ
iiclr-17574	482	10	banks	bank	NOUN
iiclr-17574	482	11	selling	sell	VERB
iiclr-17574	482	12	funds	fund	NOUN
iiclr-17574	482	13	,	,	PUNCT
iiclr-17574	482	14	.	.	PUNCT
iiclr-17574	483	1	american	american	ADJ
iiclr-17574	483	2	banker	banker	PROPN
iiclr-17574	483	3	,	,	PUNCT
iiclr-17574	483	4	aug	aug	PROPN
iiclr-17574	483	5	.	.	PROPN
iiclr-17574	483	6	25	25	NUM
iiclr-17574	483	7	,	,	PUNCT
iiclr-17574	483	8	1994	1994	NUM
iiclr-17574	483	9	,	,	PUNCT
iiclr-17574	483	10	at	at	ADP
iiclr-17574	483	11	12	12	NUM
iiclr-17574	483	12	.	.	PUNCT
iiclr-17574	484	1	119	119	NUM
iiclr-17574	484	2	.	.	PUNCT
iiclr-17574	484	3	fed	fed	PROPN
iiclr-17574	484	4	.	.	PUNCT
iiclr-17574	485	1	deposrr	deposrr	PROPN
iiclr-17574	485	2	ins	ins	PROPN
iiclr-17574	485	3	.	.	PUNCT
iiclr-17574	486	1	corp	corp	PROPN
iiclr-17574	486	2	.	.	PROPN
iiclr-17574	486	3	,	,	PUNCT
iiclr-17574	486	4	bnagency	bnagency	NOUN
iiclr-17574	486	5	statement	statement	NOUN
iiclr-17574	486	6	on	on	ADP
iiclr-17574	486	7	rerail	rerail	ADJ
iiclr-17574	486	8	sales	sale	NOUN
iiclr-17574	486	9	of	of	ADP
iiclr-17574	486	10	nondepostr	nondepostr	NOUN
iiclr-17574	486	11	investment	investment	NOUN
iiclr-17574	486	12	products	product	NOUN
iiclr-17574	486	13	(	(	PUNCT
iiclr-17574	486	14	feb	feb	PROPN
iiclr-17574	486	15	.	.	PROPN
iiclr-17574	486	16	15	15	NUM
iiclr-17574	486	17	,	,	PUNCT
iiclr-17574	486	18	1994	1994	NUM
iiclr-17574	486	19	)	)	PUNCT
iiclr-17574	486	20	.	.	PUNCT
iiclr-17574	487	1	120	120	NUM
iiclr-17574	487	2	.	.	PUNCT
iiclr-17574	488	1	landreth	landreth	PROPN
iiclr-17574	488	2	,	,	PUNCT
iiclr-17574	488	3	supra	supra	PROPN
iiclr-17574	488	4	note	note	NOUN
iiclr-17574	488	5	73	73	NUM
iiclr-17574	488	6	,	,	PUNCT
iiclr-17574	488	7	at	at	ADP
iiclr-17574	488	8	37	37	NUM
iiclr-17574	488	9	(	(	PUNCT
iiclr-17574	488	10	quoting	quote	VERB
iiclr-17574	488	11	lipper	lipper	NOUN
iiclr-17574	488	12	analytical	analytical	ADJ
iiclr-17574	488	13	services	service	NOUN
iiclr-17574	488	14	)	)	PUNCT
iiclr-17574	488	15	.	.	PUNCT
iiclr-17574	489	1	121	121	NUM
iiclr-17574	489	2	.	.	PUNCT
iiclr-17574	490	1	i	i	PRON
iiclr-17574	490	2	d.	d.	PROPN
iiclr-17574	490	3	122	122	NUM
iiclr-17574	490	4	.	.	PUNCT
iiclr-17574	491	1	i	i	PRON
iiclr-17574	491	2	d.	d.	PROPN
iiclr-17574	491	3	1995	1995	NUM
iiclr-17574	491	4	]	]	X
iiclr-17574	491	5	ind	ind	NOUN
iiclr-17574	491	6	.	.	PUNCT
iiclr-17574	491	7	int'l	int'l	PROPN
iiclr-17574	491	8	&	&	CCONJ
iiclr-17574	491	9	comp	comp	PROPN
iiclr-17574	491	10	.	.	PUNCT
iiclr-17574	492	1	l.	l.	PROPN
iiclr-17574	492	2	rev	rev	PROPN
iiclr-17574	492	3	.	.	PROPN
iiclr-17574	492	4	sold	sell	VERB
iiclr-17574	492	5	in	in	ADP
iiclr-17574	492	6	the	the	DET
iiclr-17574	492	7	united	united	PROPN
iiclr-17574	492	8	states	states	PROPN
iiclr-17574	492	9	.	.	PUNCT
iiclr-17574	493	1	23	23	NUM
iiclr-17574	493	2	putnam	putnam	PROPN
iiclr-17574	493	3	reports	report	VERB
iiclr-17574	493	4	that	that	SCONJ
iiclr-17574	493	5	several	several	ADJ
iiclr-17574	493	6	hundred	hundred	NUM
iiclr-17574	493	7	bank	bank	NOUN
iiclr-17574	493	8	relationships	relationship	NOUN
iiclr-17574	493	9	produced	produce	VERB
iiclr-17574	493	10	thirty	thirty	NUM
iiclr-17574	493	11	percent	percent	NOUN
iiclr-17574	493	12	of	of	ADP
iiclr-17574	493	13	its	its	PRON
iiclr-17574	493	14	retail	retail	ADJ
iiclr-17574	493	15	sales	sale	NOUN
iiclr-17574	493	16	generating	generate	VERB
iiclr-17574	493	17	$	$	SYM
iiclr-17574	493	18	4	4	NUM
iiclr-17574	493	19	billion	billion	NUM
iiclr-17574	493	20	in	in	ADP
iiclr-17574	493	21	1992.124	1992.124	NUM
iiclr-17574	493	22	if	if	SCONJ
iiclr-17574	493	23	those	those	DET
iiclr-17574	493	24	numbers	number	NOUN
iiclr-17574	493	25	do	do	AUX
iiclr-17574	493	26	not	not	PART
iiclr-17574	493	27	entice	entice	VERB
iiclr-17574	493	28	banks	bank	NOUN
iiclr-17574	493	29	to	to	PART
iiclr-17574	493	30	enter	enter	VERB
iiclr-17574	493	31	the	the	DET
iiclr-17574	493	32	business	business	NOUN
iiclr-17574	493	33	,	,	PUNCT
iiclr-17574	493	34	then	then	ADV
iiclr-17574	493	35	the	the	DET
iiclr-17574	493	36	fact	fact	NOUN
iiclr-17574	493	37	that	that	SCONJ
iiclr-17574	493	38	twenty	twenty	NUM
iiclr-17574	493	39	-	-	PUNCT
iiclr-17574	493	40	five	five	NUM
iiclr-17574	493	41	million	million	NUM
iiclr-17574	493	42	americans	americans	PROPN
iiclr-17574	493	43	were	be	AUX
iiclr-17574	493	44	in	in	ADP
iiclr-17574	493	45	the	the	DET
iiclr-17574	493	46	forty	forty	NUM
iiclr-17574	493	47	-	-	PUNCT
iiclr-17574	493	48	five	five	NUM
iiclr-17574	493	49	to	to	PART
iiclr-17574	493	50	fifty	fifty	NUM
iiclr-17574	493	51	-	-	PUNCT
iiclr-17574	493	52	five	five	NUM
iiclr-17574	493	53	age	age	NOUN
iiclr-17574	493	54	group	group	NOUN
iiclr-17574	493	55	in	in	ADP
iiclr-17574	493	56	1990	1990	NUM
iiclr-17574	493	57	,	,	PUNCT
iiclr-17574	493	58	and	and	CCONJ
iiclr-17574	493	59	that	that	SCONJ
iiclr-17574	493	60	there	there	PRON
iiclr-17574	493	61	will	will	AUX
iiclr-17574	493	62	be	be	AUX
iiclr-17574	493	63	thirty	thirty	NUM
iiclr-17574	493	64	-	-	PUNCT
iiclr-17574	493	65	six	six	NUM
iiclr-17574	493	66	million	million	NUM
iiclr-17574	493	67	in	in	ADP
iiclr-17574	493	68	that	that	DET
iiclr-17574	493	69	group	group	NOUN
iiclr-17574	493	70	by	by	ADP
iiclr-17574	493	71	the	the	DET
iiclr-17574	493	72	year	year	NOUN
iiclr-17574	493	73	2000	2000	NUM
iiclr-17574	493	74	,	,	PUNCT
iiclr-17574	493	75	should	should	AUX
iiclr-17574	493	76	provide	provide	VERB
iiclr-17574	493	77	the	the	DET
iiclr-17574	493	78	incentive	incentive	NOUN
iiclr-17574	493	79	.	.	PUNCT
iiclr-17574	494	1	25	25	NUM
iiclr-17574	494	2	the	the	DET
iiclr-17574	494	3	mutual	mutual	ADJ
iiclr-17574	494	4	funds	fund	NOUN
iiclr-17574	494	5	'	'	PART
iiclr-17574	494	6	reaction	reaction	NOUN
iiclr-17574	494	7	to	to	ADP
iiclr-17574	494	8	banks	bank	NOUN
iiclr-17574	494	9	'	'	PART
iiclr-17574	494	10	in	in	ADP
iiclr-17574	494	11	-	-	PUNCT
iiclr-17574	494	12	house	house	NOUN
iiclr-17574	494	13	brands	brand	NOUN
iiclr-17574	494	14	is	be	AUX
iiclr-17574	494	15	indifferent	indifferent	ADJ
iiclr-17574	494	16	so	so	ADV
iiclr-17574	494	17	far	far	ADV
iiclr-17574	494	18	.	.	PUNCT
iiclr-17574	495	1	most	most	ADJ
iiclr-17574	495	2	fund	fund	NOUN
iiclr-17574	495	3	companies	company	NOUN
iiclr-17574	495	4	seem	seem	VERB
iiclr-17574	495	5	to	to	PART
iiclr-17574	495	6	perceive	perceive	VERB
iiclr-17574	495	7	little	little	ADJ
iiclr-17574	495	8	threat	threat	NOUN
iiclr-17574	495	9	.	.	PUNCT
iiclr-17574	496	1	6	6	NUM
iiclr-17574	496	2	nevertheless	nevertheless	ADV
iiclr-17574	496	3	,	,	PUNCT
iiclr-17574	496	4	banks	bank	NOUN
iiclr-17574	496	5	have	have	VERB
iiclr-17574	496	6	a	a	DET
iiclr-17574	496	7	strategic	strategic	ADJ
iiclr-17574	496	8	selling	selling	NOUN
iiclr-17574	496	9	advantage	advantage	NOUN
iiclr-17574	496	10	in	in	ADP
iiclr-17574	496	11	the	the	DET
iiclr-17574	496	12	unparalleled	unparalleled	ADJ
iiclr-17574	496	13	power	power	NOUN
iiclr-17574	496	14	of	of	ADP
iiclr-17574	496	15	their	their	PRON
iiclr-17574	496	16	distribution	distribution	NOUN
iiclr-17574	496	17	network.127	network.127	NOUN
iiclr-17574	496	18	banks	bank	NOUN
iiclr-17574	496	19	also	also	ADV
iiclr-17574	496	20	have	have	AUX
iiclr-17574	496	21	established	establish	VERB
iiclr-17574	496	22	relationships	relationship	NOUN
iiclr-17574	496	23	,	,	PUNCT
iiclr-17574	496	24	objectivity	objectivity	NOUN
iiclr-17574	496	25	,	,	PUNCT
iiclr-17574	496	26	and	and	CCONJ
iiclr-17574	496	27	a	a	DET
iiclr-17574	496	28	reputation	reputation	NOUN
iiclr-17574	496	29	for	for	ADP
iiclr-17574	496	30	integrity	integrity	NOUN
iiclr-17574	496	31	.	.	PUNCT
iiclr-17574	497	1	2	2	NUM
iiclr-17574	497	2	'	'	PUNCT
iiclr-17574	497	3	there	there	PRON
iiclr-17574	497	4	is	be	VERB
iiclr-17574	497	5	little	little	ADJ
iiclr-17574	497	6	to	to	PART
iiclr-17574	497	7	support	support	VERB
iiclr-17574	497	8	the	the	DET
iiclr-17574	497	9	argument	argument	NOUN
iiclr-17574	497	10	that	that	SCONJ
iiclr-17574	497	11	they	they	PRON
iiclr-17574	497	12	can	can	AUX
iiclr-17574	497	13	not	not	PART
iiclr-17574	497	14	become	become	VERB
iiclr-17574	497	15	major	major	ADJ
iiclr-17574	497	16	forces	force	NOUN
iiclr-17574	497	17	in	in	ADP
iiclr-17574	497	18	the	the	DET
iiclr-17574	497	19	mutual	mutual	ADJ
iiclr-17574	497	20	fund	fund	NOUN
iiclr-17574	497	21	industry	industry	NOUN
iiclr-17574	497	22	.	.	PUNCT
iiclr-17574	498	1	part	part	NOUN
iiclr-17574	498	2	two	two	NUM
iiclr-17574	498	3	vii	vii	PROPN
iiclr-17574	498	4	.	.	PUNCT
iiclr-17574	499	1	the	the	DET
iiclr-17574	499	2	emergence	emergence	NOUN
iiclr-17574	499	3	of	of	ADP
iiclr-17574	499	4	u.s	u.s	PROPN
iiclr-17574	499	5	.	.	PROPN
iiclr-17574	499	6	mutual	mutual	ADJ
iiclr-17574	499	7	funds	fund	NOUN
iiclr-17574	499	8	in	in	ADP
iiclr-17574	499	9	japan	japan	PROPN
iiclr-17574	499	10	as	as	ADP
iiclr-17574	499	11	in	in	ADP
iiclr-17574	499	12	the	the	DET
iiclr-17574	499	13	united	united	PROPN
iiclr-17574	499	14	states	states	PROPN
iiclr-17574	499	15	,	,	PUNCT
iiclr-17574	499	16	the	the	DET
iiclr-17574	499	17	size	size	NOUN
iiclr-17574	499	18	of	of	ADP
iiclr-17574	499	19	japan	japan	PROPN
iiclr-17574	499	20	's	's	PART
iiclr-17574	499	21	mutual	mutual	ADJ
iiclr-17574	499	22	fund	fund	NOUN
iiclr-17574	499	23	industry	industry	NOUN
iiclr-17574	499	24	has	have	AUX
iiclr-17574	499	25	grown	grow	VERB
iiclr-17574	499	26	exponentially	exponentially	ADV
iiclr-17574	499	27	during	during	ADP
iiclr-17574	499	28	the	the	DET
iiclr-17574	499	29	last	last	ADJ
iiclr-17574	499	30	twenty	twenty	NUM
iiclr-17574	499	31	years	year	NOUN
iiclr-17574	499	32	.	.	PUNCT
iiclr-17574	500	1	japan	japan	PROPN
iiclr-17574	500	2	's	's	PART
iiclr-17574	500	3	investment	investment	NOUN
iiclr-17574	500	4	trust	trust	NOUN
iiclr-17574	500	5	market	market	NOUN
iiclr-17574	500	6	,	,	PUNCT
iiclr-17574	500	7	the	the	DET
iiclr-17574	500	8	japanese	japanese	ADJ
iiclr-17574	500	9	equivalent	equivalent	NOUN
iiclr-17574	500	10	of	of	ADP
iiclr-17574	500	11	the	the	DET
iiclr-17574	500	12	u.s	u.s	PROPN
iiclr-17574	500	13	.	.	PROPN
iiclr-17574	500	14	mutual	mutual	ADJ
iiclr-17574	500	15	fund	fund	NOUN
iiclr-17574	500	16	industry	industry	NOUN
iiclr-17574	500	17	,	,	PUNCT
iiclr-17574	500	18	is	be	AUX
iiclr-17574	500	19	one	one	NUM
iiclr-17574	500	20	of	of	ADP
iiclr-17574	500	21	the	the	DET
iiclr-17574	500	22	world	world	NOUN
iiclr-17574	500	23	's	's	PART
iiclr-17574	500	24	largest	large	ADJ
iiclr-17574	500	25	at	at	ADP
iiclr-17574	500	26	$	$	SYM
iiclr-17574	500	27	465	465	NUM
iiclr-17574	500	28	billion	billion	NUM
iiclr-17574	500	29	.	.	PUNCT
iiclr-17574	501	1	unlike	unlike	ADP
iiclr-17574	501	2	the	the	DET
iiclr-17574	501	3	united	united	PROPN
iiclr-17574	501	4	states	states	PROPN
iiclr-17574	501	5	,	,	PUNCT
iiclr-17574	501	6	where	where	SCONJ
iiclr-17574	501	7	each	each	DET
iiclr-17574	501	8	fund	fund	NOUN
iiclr-17574	501	9	is	be	AUX
iiclr-17574	501	10	an	an	DET
iiclr-17574	501	11	individual	individual	ADJ
iiclr-17574	501	12	company	company	NOUN
iiclr-17574	501	13	,	,	PUNCT
iiclr-17574	501	14	each	each	DET
iiclr-17574	501	15	investment	investment	NOUN
iiclr-17574	501	16	trust	trust	NOUN
iiclr-17574	501	17	management	management	NOUN
iiclr-17574	501	18	company	company	NOUN
iiclr-17574	501	19	in	in	ADP
iiclr-17574	501	20	japan	japan	PROPN
iiclr-17574	501	21	may	may	AUX
iiclr-17574	501	22	run	run	VERB
iiclr-17574	501	23	many	many	ADJ
iiclr-17574	501	24	funds	fund	NOUN
iiclr-17574	501	25	as	as	ADP
iiclr-17574	501	26	separate	separate	ADJ
iiclr-17574	501	27	investmentsnot	investmentsnot	ADJ
iiclr-17574	501	28	companies	company	NOUN
iiclr-17574	501	29	.	.	PUNCT
iiclr-17574	502	1	as	as	ADP
iiclr-17574	502	2	a	a	DET
iiclr-17574	502	3	practical	practical	ADJ
iiclr-17574	502	4	matter	matter	NOUN
iiclr-17574	502	5	,	,	PUNCT
iiclr-17574	502	6	the	the	DET
iiclr-17574	502	7	securities	security	NOUN
iiclr-17574	502	8	investment	investment	PROPN
iiclr-17574	502	9	trust	trust	NOUN
iiclr-17574	502	10	market	market	NOUN
iiclr-17574	502	11	has	have	AUX
iiclr-17574	502	12	been	be	AUX
iiclr-17574	502	13	exclusively	exclusively	ADV
iiclr-17574	502	14	dominated	dominate	VERB
iiclr-17574	502	15	by	by	ADP
iiclr-17574	502	16	japan	japan	PROPN
iiclr-17574	502	17	's	's	PART
iiclr-17574	502	18	four	four	NUM
iiclr-17574	502	19	largest	large	ADJ
iiclr-17574	502	20	securities	security	NOUN
iiclr-17574	502	21	firms	firm	NOUN
iiclr-17574	502	22	(	(	PUNCT
iiclr-17574	502	23	the	the	DET
iiclr-17574	502	24	"	"	PUNCT
iiclr-17574	502	25	big	big	ADJ
iiclr-17574	502	26	four	four	NUM
iiclr-17574	502	27	"	"	PUNCT
iiclr-17574	502	28	:	:	PUNCT
iiclr-17574	502	29	daiwa	daiwa	PROPN
iiclr-17574	502	30	,	,	PUNCT
iiclr-17574	502	31	nomura	nomura	NOUN
iiclr-17574	502	32	,	,	PUNCT
iiclr-17574	502	33	yamaichi	yamaichi	NOUN
iiclr-17574	502	34	,	,	PUNCT
iiclr-17574	502	35	and	and	CCONJ
iiclr-17574	502	36	nikko	nikko	NOUN
iiclr-17574	502	37	)	)	PUNCT
iiclr-17574	502	38	and	and	CCONJ
iiclr-17574	502	39	twelve	twelve	NUM
iiclr-17574	502	40	other	other	ADJ
iiclr-17574	502	41	securities	security	NOUN
iiclr-17574	502	42	firms	firm	NOUN
iiclr-17574	502	43	,	,	PUNCT
iiclr-17574	502	44	each	each	PRON
iiclr-17574	502	45	of	of	ADP
iiclr-17574	502	46	which	which	PRON
iiclr-17574	502	47	is	be	AUX
iiclr-17574	502	48	affiliated	affiliate	VERB
iiclr-17574	502	49	with	with	ADP
iiclr-17574	502	50	the	the	DET
iiclr-17574	502	51	big	big	ADJ
iiclr-17574	502	52	four	four	NUM
iiclr-17574	502	53	.	.	PUNCT
iiclr-17574	503	1	unlike	unlike	ADP
iiclr-17574	503	2	the	the	DET
iiclr-17574	503	3	united	united	PROPN
iiclr-17574	503	4	states	states	PROPN
iiclr-17574	503	5	,	,	PUNCT
iiclr-17574	503	6	continued	continued	ADJ
iiclr-17574	503	7	expansion	expansion	NOUN
iiclr-17574	503	8	of	of	ADP
iiclr-17574	503	9	the	the	DET
iiclr-17574	503	10	investment	investment	NOUN
iiclr-17574	503	11	trust	trust	NOUN
iiclr-17574	503	12	business	business	NOUN
iiclr-17574	503	13	will	will	AUX
iiclr-17574	503	14	not	not	PART
iiclr-17574	503	15	come	come	VERB
iiclr-17574	503	16	as	as	ADP
iiclr-17574	503	17	the	the	DET
iiclr-17574	503	18	result	result	NOUN
iiclr-17574	503	19	of	of	ADP
iiclr-17574	503	20	bank	bank	NOUN
iiclr-17574	503	21	entry	entry	NOUN
iiclr-17574	503	22	into	into	ADP
iiclr-17574	503	23	the	the	DET
iiclr-17574	503	24	business	business	NOUN
iiclr-17574	503	25	.	.	PUNCT
iiclr-17574	504	1	rather	rather	ADV
iiclr-17574	504	2	,	,	PUNCT
iiclr-17574	504	3	the	the	DET
iiclr-17574	504	4	premier	premier	ADJ
iiclr-17574	504	5	entrant	entrant	NOUN
iiclr-17574	504	6	into	into	ADP
iiclr-17574	504	7	japan	japan	PROPN
iiclr-17574	504	8	's	's	PART
iiclr-17574	504	9	investment	investment	NOUN
iiclr-17574	504	10	trust	trust	NOUN
iiclr-17574	504	11	business	business	NOUN
iiclr-17574	504	12	will	will	AUX
iiclr-17574	504	13	be	be	AUX
iiclr-17574	504	14	foreign	foreign	ADJ
iiclr-17574	504	15	competition	competition	NOUN
iiclr-17574	504	16	.	.	PUNCT
iiclr-17574	505	1	foreign	foreign	ADJ
iiclr-17574	505	2	investment	investment	NOUN
iiclr-17574	505	3	trust	trust	NOUN
iiclr-17574	505	4	funds	fund	NOUN
iiclr-17574	505	5	have	have	AUX
iiclr-17574	505	6	been	be	AUX
iiclr-17574	505	7	allowed	allow	VERB
iiclr-17574	505	8	to	to	PART
iiclr-17574	505	9	offer	offer	VERB
iiclr-17574	505	10	shares	share	NOUN
iiclr-17574	505	11	to	to	ADP
iiclr-17574	505	12	the	the	DET
iiclr-17574	505	13	japanese	japanese	ADJ
iiclr-17574	505	14	public	public	NOUN
iiclr-17574	505	15	since	since	SCONJ
iiclr-17574	505	16	the	the	DET
iiclr-17574	505	17	end	end	NOUN
iiclr-17574	505	18	of	of	ADP
iiclr-17574	505	19	january	january	PROPN
iiclr-17574	505	20	1973	1973	NUM
iiclr-17574	505	21	,	,	PUNCT
iiclr-17574	505	22	and	and	CCONJ
iiclr-17574	505	23	only	only	ADV
iiclr-17574	505	24	then	then	ADV
iiclr-17574	505	25	if	if	SCONJ
iiclr-17574	505	26	they	they	PRON
iiclr-17574	505	27	fulfilled	fulfil	VERB
iiclr-17574	505	28	the	the	DET
iiclr-17574	505	29	requirements	requirement	NOUN
iiclr-17574	505	30	of	of	ADP
iiclr-17574	505	31	"	"	PUNCT
iiclr-17574	505	32	regulations	regulation	NOUN
iiclr-17574	505	33	concerning	concern	VERB
iiclr-17574	505	34	the	the	DET
iiclr-17574	505	35	trading	trading	NOUN
iiclr-17574	505	36	in	in	ADP
iiclr-17574	505	37	foreign	foreign	ADJ
iiclr-17574	505	38	123	123	NUM
iiclr-17574	505	39	.	.	PUNCT
iiclr-17574	506	1	lappen	lappen	PROPN
iiclr-17574	506	2	,	,	PUNCT
iiclr-17574	506	3	supra	supra	PROPN
iiclr-17574	506	4	note	note	NOUN
iiclr-17574	506	5	5	5	NUM
iiclr-17574	506	6	.	.	NOUN
iiclr-17574	506	7	124	124	NUM
iiclr-17574	506	8	.	.	PUNCT
iiclr-17574	507	1	i	i	PRON
iiclr-17574	507	2	d.	d.	PROPN
iiclr-17574	507	3	125	125	NUM
iiclr-17574	507	4	.	.	PUNCT
iiclr-17574	508	1	lyn	lyn	PROPN
iiclr-17574	508	2	perlmuth	perlmuth	PROPN
iiclr-17574	508	3	,	,	PUNCT
iiclr-17574	508	4	banks	bank	NOUN
iiclr-17574	508	5	muscle	muscle	NOUN
iiclr-17574	508	6	into	into	ADP
iiclr-17574	508	7	mutual	mutual	ADJ
iiclr-17574	508	8	funds	fund	NOUN
iiclr-17574	508	9	,	,	PUNCT
iiclr-17574	508	10	institutional	institutional	ADJ
iiclr-17574	508	11	investor	investor	NOUN
iiclr-17574	508	12	,	,	PUNCT
iiclr-17574	508	13	mar	mar	PROPN
iiclr-17574	508	14	.	.	PROPN
iiclr-17574	508	15	1992	1992	NUM
iiclr-17574	508	16	,	,	PUNCT
iiclr-17574	508	17	at	at	ADP
iiclr-17574	508	18	59	59	NUM
iiclr-17574	508	19	,	,	PUNCT
iiclr-17574	508	20	63	63	NUM
iiclr-17574	508	21	.	.	PUNCT
iiclr-17574	508	22	126	126	NUM
iiclr-17574	508	23	.	.	PUNCT
iiclr-17574	509	1	suzanne	suzanne	PROPN
iiclr-17574	509	2	woolley	woolley	PROPN
iiclr-17574	509	3	,	,	PUNCT
iiclr-17574	509	4	mutual	mutual	ADJ
iiclr-17574	509	5	-	-	PUNCT
iiclr-17574	509	6	fund	fund	NOUN
iiclr-17574	509	7	houses	house	NOUN
iiclr-17574	509	8	start	start	VERB
iiclr-17574	509	9	to	to	PART
iiclr-17574	509	10	hear	hear	VERB
iiclr-17574	509	11	footsteps	footstep	NOUN
iiclr-17574	509	12	,	,	PUNCT
iiclr-17574	509	13	bus	bus	NOUN
iiclr-17574	509	14	.	.	PUNCT
iiclr-17574	510	1	week	week	NOUN
iiclr-17574	510	2	,	,	PUNCT
iiclr-17574	510	3	feb	feb	PROPN
iiclr-17574	510	4	.	.	PROPN
iiclr-17574	510	5	3	3	NUM
iiclr-17574	510	6	,	,	PUNCT
iiclr-17574	510	7	1992	1992	NUM
iiclr-17574	510	8	,	,	PUNCT
iiclr-17574	510	9	at	at	ADP
iiclr-17574	510	10	68	68	NUM
iiclr-17574	510	11	,	,	PUNCT
iiclr-17574	510	12	68	68	NUM
iiclr-17574	510	13	.	.	PUNCT
iiclr-17574	510	14	127	127	NUM
iiclr-17574	510	15	.	.	PUNCT
iiclr-17574	511	1	some	some	DET
iiclr-17574	511	2	fund	fund	NOUN
iiclr-17574	511	3	groups	group	NOUN
iiclr-17574	511	4	and	and	CCONJ
iiclr-17574	511	5	banks	bank	NOUN
iiclr-17574	511	6	report	report	VERB
iiclr-17574	511	7	that	that	SCONJ
iiclr-17574	511	8	20	20	NUM
iiclr-17574	511	9	-	-	SYM
iiclr-17574	511	10	30	30	NUM
iiclr-17574	511	11	%	%	NOUN
iiclr-17574	511	12	of	of	ADP
iiclr-17574	511	13	their	their	PRON
iiclr-17574	511	14	sales	sale	NOUN
iiclr-17574	511	15	are	be	AUX
iiclr-17574	511	16	made	make	VERB
iiclr-17574	511	17	through	through	ADP
iiclr-17574	511	18	branches	branch	NOUN
iiclr-17574	511	19	.	.	PUNCT
iiclr-17574	512	1	i	i	PRON
iiclr-17574	512	2	d.	d.	PROPN
iiclr-17574	512	3	128	128	NUM
iiclr-17574	512	4	.	.	PUNCT
iiclr-17574	513	1	i	i	PRON
iiclr-17574	513	2	d.	d.	PROPN
iiclr-17574	513	3	at	at	ADP
iiclr-17574	513	4	69	69	NUM
iiclr-17574	513	5	.	.	PUNCT
iiclr-17574	514	1	[	[	X
iiclr-17574	514	2	vol	vol	NOUN
iiclr-17574	514	3	.	.	PUNCT
iiclr-17574	514	4	5:2	5:2	NUM
iiclr-17574	514	5	mutual	mutual	ADJ
iiclr-17574	514	6	fund	fund	NOUN
iiclr-17574	514	7	emergence	emergence	NOUN
iiclr-17574	514	8	securities	security	NOUN
iiclr-17574	514	9	"	"	PUNCT
iiclr-17574	514	10	stipulated	stipulate	VERB
iiclr-17574	514	11	by	by	ADP
iiclr-17574	514	12	the	the	DET
iiclr-17574	514	13	japan	japan	PROPN
iiclr-17574	514	14	securities	securities	PROPN
iiclr-17574	514	15	dealers	dealers	PROPN
iiclr-17574	514	16	association	association	PROPN
iiclr-17574	514	17	.	.	PUNCT
iiclr-17574	514	18	'29	'29	NUM
iiclr-17574	514	19	after	after	ADP
iiclr-17574	514	20	1990	1990	NUM
iiclr-17574	514	21	,	,	PUNCT
iiclr-17574	514	22	foreign	foreign	ADJ
iiclr-17574	514	23	firms	firm	NOUN
iiclr-17574	514	24	were	be	AUX
iiclr-17574	514	25	permitted	permit	VERB
iiclr-17574	514	26	to	to	PART
iiclr-17574	514	27	establish	establish	VERB
iiclr-17574	514	28	mutual	mutual	ADJ
iiclr-17574	514	29	fund	fund	NOUN
iiclr-17574	514	30	activities	activity	NOUN
iiclr-17574	514	31	in	in	ADP
iiclr-17574	514	32	japan	japan	PROPN
iiclr-17574	514	33	.	.	PUNCT
iiclr-17574	515	1	3	3	NUM
iiclr-17574	515	2	°	°	NOUN
iiclr-17574	515	3	despite	despite	SCONJ
iiclr-17574	515	4	the	the	DET
iiclr-17574	515	5	entry	entry	NOUN
iiclr-17574	515	6	of	of	ADP
iiclr-17574	515	7	five	five	NUM
iiclr-17574	515	8	foreign	foreign	ADJ
iiclr-17574	515	9	mutual	mutual	ADJ
iiclr-17574	515	10	fund	fund	NOUN
iiclr-17574	515	11	companies	company	NOUN
iiclr-17574	515	12	in	in	ADP
iiclr-17574	515	13	the	the	DET
iiclr-17574	515	14	last	last	ADJ
iiclr-17574	515	15	four	four	NUM
iiclr-17574	515	16	years	year	NOUN
iiclr-17574	515	17	,	,	PUNCT
iiclr-17574	515	18	u.s	u.s	PROPN
iiclr-17574	515	19	.	.	PROPN
iiclr-17574	515	20	mutual	mutual	ADJ
iiclr-17574	515	21	fund	fund	NOUN
iiclr-17574	515	22	companies	company	NOUN
iiclr-17574	515	23	have	have	AUX
iiclr-17574	515	24	been	be	AUX
iiclr-17574	515	25	noticeably	noticeably	ADV
iiclr-17574	515	26	absent	absent	ADJ
iiclr-17574	515	27	from	from	ADP
iiclr-17574	515	28	the	the	DET
iiclr-17574	515	29	market	market	NOUN
iiclr-17574	515	30	.	.	PUNCT
iiclr-17574	516	1	this	this	DET
iiclr-17574	516	2	absence	absence	NOUN
iiclr-17574	516	3	is	be	AUX
iiclr-17574	516	4	primarily	primarily	ADV
iiclr-17574	516	5	due	due	ADJ
iiclr-17574	516	6	to	to	ADP
iiclr-17574	516	7	high	high	ADJ
iiclr-17574	516	8	entry	entry	NOUN
iiclr-17574	516	9	-	-	PUNCT
iiclr-17574	516	10	cost	cost	NOUN
iiclr-17574	516	11	barriers	barrier	NOUN
iiclr-17574	516	12	and	and	CCONJ
iiclr-17574	516	13	the	the	DET
iiclr-17574	516	14	peculiar	peculiar	ADJ
iiclr-17574	516	15	nature	nature	NOUN
iiclr-17574	516	16	of	of	ADP
iiclr-17574	516	17	the	the	DET
iiclr-17574	516	18	mutual	mutual	ADJ
iiclr-17574	516	19	fund	fund	NOUN
iiclr-17574	516	20	industry	industry	NOUN
iiclr-17574	516	21	in	in	ADP
iiclr-17574	516	22	japan	japan	PROPN
iiclr-17574	516	23	.	.	PUNCT
iiclr-17574	517	1	regardless	regardless	ADV
iiclr-17574	517	2	of	of	ADP
iiclr-17574	517	3	these	these	DET
iiclr-17574	517	4	challenges	challenge	NOUN
iiclr-17574	517	5	and	and	CCONJ
iiclr-17574	517	6	barriers	barrier	NOUN
iiclr-17574	517	7	,	,	PUNCT
iiclr-17574	517	8	the	the	DET
iiclr-17574	517	9	investment	investment	NOUN
iiclr-17574	517	10	trust	trust	NOUN
iiclr-17574	517	11	market	market	NOUN
iiclr-17574	517	12	in	in	ADP
iiclr-17574	517	13	japan	japan	PROPN
iiclr-17574	517	14	presents	present	VERB
iiclr-17574	517	15	enormous	enormous	ADJ
iiclr-17574	517	16	opportunity	opportunity	NOUN
iiclr-17574	517	17	for	for	ADP
iiclr-17574	517	18	u.s	u.s	PROPN
iiclr-17574	517	19	.	.	PROPN
iiclr-17574	517	20	expertise	expertise	NOUN
iiclr-17574	517	21	.	.	PUNCT
iiclr-17574	518	1	in	in	ADP
iiclr-17574	518	2	1990	1990	NUM
iiclr-17574	518	3	,	,	PUNCT
iiclr-17574	518	4	twelve	twelve	NUM
iiclr-17574	518	5	percent	percent	NOUN
iiclr-17574	518	6	of	of	ADP
iiclr-17574	518	7	the	the	DET
iiclr-17574	518	8	japanese	japanese	ADJ
iiclr-17574	518	9	population	population	NOUN
iiclr-17574	518	10	were	be	AUX
iiclr-17574	518	11	aged	age	VERB
iiclr-17574	518	12	sixty	sixty	NUM
iiclr-17574	518	13	-	-	PUNCT
iiclr-17574	518	14	five	five	NUM
iiclr-17574	518	15	and	and	CCONJ
iiclr-17574	518	16	over	over	ADV
iiclr-17574	518	17	,	,	PUNCT
iiclr-17574	518	18	making	make	VERB
iiclr-17574	518	19	it	it	PRON
iiclr-17574	518	20	younger	young	ADJ
iiclr-17574	518	21	than	than	ADP
iiclr-17574	518	22	the	the	DET
iiclr-17574	518	23	united	united	PROPN
iiclr-17574	518	24	states	states	PROPN
iiclr-17574	518	25	or	or	CCONJ
iiclr-17574	518	26	western	western	ADJ
iiclr-17574	518	27	europe	europe	PROPN
iiclr-17574	518	28	.	.	PUNCT
iiclr-17574	519	1	by	by	ADP
iiclr-17574	519	2	2010	2010	NUM
iiclr-17574	519	3	,	,	PUNCT
iiclr-17574	519	4	twenty	twenty	NUM
iiclr-17574	519	5	-	-	PUNCT
iiclr-17574	519	6	one	one	NUM
iiclr-17574	519	7	percent	percent	NOUN
iiclr-17574	519	8	of	of	ADP
iiclr-17574	519	9	the	the	DET
iiclr-17574	519	10	population	population	NOUN
iiclr-17574	519	11	will	will	AUX
iiclr-17574	519	12	be	be	AUX
iiclr-17574	519	13	in	in	ADP
iiclr-17574	519	14	that	that	DET
iiclr-17574	519	15	bracket	bracket	NOUN
iiclr-17574	519	16	,	,	PUNCT
iiclr-17574	519	17	thereby	thereby	ADV
iiclr-17574	519	18	making	make	VERB
iiclr-17574	519	19	japan	japan	PROPN
iiclr-17574	519	20	the	the	DET
iiclr-17574	519	21	greyest	grey	ADJ
iiclr-17574	519	22	part	part	NOUN
iiclr-17574	519	23	of	of	ADP
iiclr-17574	519	24	the	the	DET
iiclr-17574	519	25	industrial	industrial	ADJ
iiclr-17574	519	26	world	world	NOUN
iiclr-17574	519	27	.	.	PUNCT
iiclr-17574	520	1	"'3	"'3	PUNCT
iiclr-17574	520	2	japan	japan	PROPN
iiclr-17574	520	3	's	's	PART
iiclr-17574	520	4	pool	pool	NOUN
iiclr-17574	520	5	of	of	ADP
iiclr-17574	520	6	pension	pension	NOUN
iiclr-17574	520	7	assets	asset	NOUN
iiclr-17574	520	8	presently	presently	ADV
iiclr-17574	520	9	amounts	amount	VERB
iiclr-17574	520	10	to	to	ADP
iiclr-17574	520	11	more	more	ADJ
iiclr-17574	520	12	than	than	ADP
iiclr-17574	520	13	y	y	PROPN
iiclr-17574	520	14	65	65	NUM
iiclr-17574	520	15	trillion	trillion	NUM
iiclr-17574	520	16	(	(	PUNCT
iiclr-17574	520	17	$	$	SYM
iiclr-17574	520	18	500	500	NUM
iiclr-17574	520	19	billion).3	billion).3	PROPN
iiclr-17574	520	20	2	2	NUM
iiclr-17574	520	21	japan	japan	PROPN
iiclr-17574	520	22	's	's	PART
iiclr-17574	520	23	investment	investment	NOUN
iiclr-17574	520	24	trust	trust	NOUN
iiclr-17574	520	25	industry	industry	NOUN
iiclr-17574	520	26	manages	manage	VERB
iiclr-17574	520	27	a	a	DET
iiclr-17574	520	28	further	further	ADJ
iiclr-17574	520	29	y	y	PROPN
iiclr-17574	520	30	50	50	NUM
iiclr-17574	520	31	billion	billion	NUM
iiclr-17574	520	32	(	(	PUNCT
iiclr-17574	520	33	$	$	SYM
iiclr-17574	520	34	430	430	NUM
iiclr-17574	520	35	billion).'33	billion).'33	NOUN
iiclr-17574	520	36	management	management	NOUN
iiclr-17574	520	37	of	of	ADP
iiclr-17574	520	38	these	these	DET
iiclr-17574	520	39	assets	asset	NOUN
iiclr-17574	520	40	can	can	AUX
iiclr-17574	520	41	become	become	VERB
iiclr-17574	520	42	a	a	DET
iiclr-17574	520	43	highly	highly	ADV
iiclr-17574	520	44	lucrative	lucrative	ADJ
iiclr-17574	520	45	business	business	NOUN
iiclr-17574	520	46	for	for	ADP
iiclr-17574	520	47	u.s	u.s	PROPN
iiclr-17574	520	48	.	.	PROPN
iiclr-17574	520	49	companies	company	NOUN
iiclr-17574	520	50	.	.	PUNCT
iiclr-17574	520	51	"	"	PUNCT
iiclr-17574	521	1	"	"	PUNCT
iiclr-17574	521	2	by	by	ADP
iiclr-17574	521	3	law	law	NOUN
iiclr-17574	521	4	and	and	CCONJ
iiclr-17574	521	5	custom	custom	NOUN
iiclr-17574	521	6	,	,	PUNCT
iiclr-17574	521	7	participation	participation	NOUN
iiclr-17574	521	8	in	in	ADP
iiclr-17574	521	9	both	both	PRON
iiclr-17574	521	10	of	of	ADP
iiclr-17574	521	11	these	these	DET
iiclr-17574	521	12	markets	market	NOUN
iiclr-17574	521	13	is	be	AUX
iiclr-17574	521	14	dominated	dominate	VERB
iiclr-17574	521	15	by	by	ADP
iiclr-17574	521	16	large	large	ADJ
iiclr-17574	521	17	japanese	japanese	ADJ
iiclr-17574	521	18	financial	financial	ADJ
iiclr-17574	521	19	institutions	institution	NOUN
iiclr-17574	521	20	.	.	PUNCT
iiclr-17574	521	21	'	'	PUNCT
iiclr-17574	522	1	35	35	NUM
iiclr-17574	522	2	despite	despite	SCONJ
iiclr-17574	522	3	this	this	DET
iiclr-17574	522	4	impressive	impressive	ADJ
iiclr-17574	522	5	market	market	NOUN
iiclr-17574	522	6	size	size	NOUN
iiclr-17574	522	7	and	and	CCONJ
iiclr-17574	522	8	cartel	cartel	NOUN
iiclr-17574	522	9	-	-	PUNCT
iiclr-17574	522	10	like	like	ADJ
iiclr-17574	522	11	concentration	concentration	NOUN
iiclr-17574	522	12	of	of	ADP
iiclr-17574	522	13	firms	firm	NOUN
iiclr-17574	522	14	,	,	PUNCT
iiclr-17574	522	15	foreign	foreign	ADJ
iiclr-17574	522	16	firms	firm	NOUN
iiclr-17574	522	17	have	have	AUX
iiclr-17574	522	18	been	be	AUX
iiclr-17574	522	19	marginalized	marginalize	VERB
iiclr-17574	522	20	in	in	ADP
iiclr-17574	522	21	the	the	DET
iiclr-17574	522	22	participation	participation	NOUN
iiclr-17574	522	23	of	of	ADP
iiclr-17574	522	24	japanese	japanese	ADJ
iiclr-17574	522	25	money	money	NOUN
iiclr-17574	522	26	management	management	NOUN
iiclr-17574	522	27	.	.	PUNCT
iiclr-17574	523	1	"	"	PUNCT
iiclr-17574	523	2	[	[	X
iiclr-17574	523	3	f]oreign	f]oreign	NOUN
iiclr-17574	523	4	investment	investment	NOUN
iiclr-17574	523	5	trust	trust	NOUN
iiclr-17574	523	6	managers	manager	NOUN
iiclr-17574	523	7	have	have	VERB
iiclr-17574	523	8	only	only	ADV
iiclr-17574	523	9	1.1	1.1	NUM
iiclr-17574	523	10	%	%	NOUN
iiclr-17574	523	11	of	of	ADP
iiclr-17574	523	12	the	the	DET
iiclr-17574	523	13	japanese	japanese	ADJ
iiclr-17574	523	14	mutual	mutual	ADJ
iiclr-17574	523	15	fund	fund	NOUN
iiclr-17574	523	16	industry	industry	NOUN
iiclr-17574	523	17	.	.	PUNCT
iiclr-17574	523	18	'	'	PUNCT
iiclr-17574	523	19	'	'	PUNCT
iiclr-17574	524	1	6	6	NUM
iiclr-17574	524	2	further	far	ADV
iiclr-17574	524	3	,	,	PUNCT
iiclr-17574	524	4	foreign	foreign	ADJ
iiclr-17574	524	5	firms	firm	NOUN
iiclr-17574	524	6	presently	presently	ADV
iiclr-17574	524	7	manage	manage	VERB
iiclr-17574	524	8	less	less	ADJ
iiclr-17574	524	9	than	than	ADP
iiclr-17574	524	10	0.2	0.2	NUM
iiclr-17574	524	11	%	%	NOUN
iiclr-17574	524	12	of	of	ADP
iiclr-17574	524	13	japan	japan	PROPN
iiclr-17574	524	14	's	's	PART
iiclr-17574	524	15	total	total	ADJ
iiclr-17574	524	16	pension	pension	NOUN
iiclr-17574	524	17	assets	asset	NOUN
iiclr-17574	524	18	.	.	PUNCT
iiclr-17574	524	19	'	'	PUNCT
iiclr-17574	525	1	"	"	PUNCT
iiclr-17574	525	2	in	in	ADP
iiclr-17574	525	3	contrast	contrast	NOUN
iiclr-17574	525	4	,	,	PUNCT
iiclr-17574	525	5	foreign	foreign	ADJ
iiclr-17574	525	6	firms	firm	NOUN
iiclr-17574	525	7	manage	manage	VERB
iiclr-17574	525	8	more	more	ADJ
iiclr-17574	525	9	than	than	ADP
iiclr-17574	525	10	eight	eight	NUM
iiclr-17574	525	11	percent	percent	NOUN
iiclr-17574	525	12	of	of	ADP
iiclr-17574	525	13	u.s	u.s	PROPN
iiclr-17574	525	14	.	.	PROPN
iiclr-17574	525	15	pension	pension	NOUN
iiclr-17574	525	16	assets	asset	NOUN
iiclr-17574	525	17	.	.	PUNCT
iiclr-17574	525	18	'	'	PUNCT
iiclr-17574	526	1	a.	a.	NOUN
iiclr-17574	526	2	historical	historical	ADJ
iiclr-17574	526	3	overview	overview	NOUN
iiclr-17574	526	4	of	of	ADP
iiclr-17574	526	5	the	the	DET
iiclr-17574	526	6	securities	security	NOUN
iiclr-17574	526	7	regulatory	regulatory	ADJ
iiclr-17574	526	8	system	system	NOUN
iiclr-17574	526	9	japanese	japanese	ADJ
iiclr-17574	526	10	securities	security	NOUN
iiclr-17574	526	11	companies	company	NOUN
iiclr-17574	526	12	and	and	CCONJ
iiclr-17574	526	13	the	the	DET
iiclr-17574	526	14	market	market	NOUN
iiclr-17574	526	15	structure	structure	NOUN
iiclr-17574	526	16	of	of	ADP
iiclr-17574	526	17	the	the	DET
iiclr-17574	526	18	securities	security	NOUN
iiclr-17574	526	19	industry	industry	NOUN
iiclr-17574	526	20	historically	historically	ADV
iiclr-17574	526	21	have	have	AUX
iiclr-17574	526	22	been	be	AUX
iiclr-17574	526	23	the	the	DET
iiclr-17574	526	24	beneficiaries	beneficiary	NOUN
iiclr-17574	526	25	of	of	ADP
iiclr-17574	526	26	protective	protective	ADJ
iiclr-17574	526	27	legislation	legislation	NOUN
iiclr-17574	526	28	.	.	PUNCT
iiclr-17574	527	1	unlike	unlike	ADP
iiclr-17574	527	2	the	the	DET
iiclr-17574	527	3	united	united	PROPN
iiclr-17574	527	4	129	129	NUM
iiclr-17574	527	5	.	.	PUNCT
iiclr-17574	528	1	the	the	DET
iiclr-17574	528	2	investment	investment	NOUN
iiclr-17574	528	3	trusts	trust	VERB
iiclr-17574	528	4	ass'n	ass'n	NOUN
iiclr-17574	528	5	,	,	PUNCT
iiclr-17574	528	6	investment	investment	NOUN
iiclr-17574	528	7	trusts	trust	NOUN
iiclr-17574	528	8	in	in	ADP
iiclr-17574	528	9	japan	japan	PROPN
iiclr-17574	528	10	5(1993	5(1993	NUM
iiclr-17574	528	11	)	)	PUNCT
iiclr-17574	528	12	(	(	PUNCT
iiclr-17574	528	13	on	on	ADP
iiclr-17574	528	14	file	file	NOUN
iiclr-17574	528	15	with	with	ADP
iiclr-17574	528	16	ind	ind	NOUN
iiclr-17574	528	17	.	.	PUNCT
iiclr-17574	529	1	int'l	int'l	PROPN
iiclr-17574	529	2	&	&	CCONJ
iiclr-17574	529	3	comp	comp	PROPN
iiclr-17574	529	4	.	.	PUNCT
iiclr-17574	530	1	l.	l.	PROPN
iiclr-17574	530	2	rev	rev	PROPN
iiclr-17574	530	3	.	.	PUNCT
iiclr-17574	530	4	)	)	PUNCT
iiclr-17574	531	1	[	[	X
iiclr-17574	531	2	hereinafter	hereinafter	NOUN
iiclr-17574	531	3	investment	investment	NOUN
iiclr-17574	531	4	trusis	trusis	NOUN
iiclr-17574	531	5	]	]	PUNCT
iiclr-17574	531	6	.	.	PUNCT
iiclr-17574	532	1	130	130	NUM
iiclr-17574	532	2	.	.	PUNCT
iiclr-17574	533	1	ministry	ministry	PROPN
iiclr-17574	533	2	of	of	ADP
iiclr-17574	533	3	finance	finance	PROPN
iiclr-17574	533	4	,	,	PUNCT
iiclr-17574	533	5	guidelines	guideline	NOUN
iiclr-17574	533	6	for	for	ADP
iiclr-17574	533	7	licensr	licensr	ADJ
iiclr-17574	533	8	invesfmment	invesfmment	ADJ
iiclr-17574	533	9	trust	trust	NOUN
iiclr-17574	533	10	managemient	managemient	NOUN
iiclr-17574	533	11	companies	company	NOUN
iiclr-17574	533	12	i	i	PRON
iiclr-17574	533	13	(	(	PUNCT
iiclr-17574	533	14	dec	dec	PROPN
iiclr-17574	533	15	.	.	PROPN
iiclr-17574	533	16	14	14	NUM
iiclr-17574	533	17	,	,	PUNCT
iiclr-17574	533	18	1989	1989	NUM
iiclr-17574	533	19	)	)	PUNCT
iiclr-17574	533	20	(	(	PUNCT
iiclr-17574	533	21	japan	japan	PROPN
iiclr-17574	533	22	)	)	PUNCT
iiclr-17574	533	23	(	(	PUNCT
iiclr-17574	533	24	on	on	ADP
iiclr-17574	533	25	file	file	NOUN
iiclr-17574	533	26	with	with	ADP
iiclr-17574	533	27	ind	ind	NOUN
iiclr-17574	533	28	.	.	PUNCT
iiclr-17574	534	1	int'l	int'l	PROPN
iiclr-17574	534	2	&	&	CCONJ
iiclr-17574	534	3	comp	comp	PROPN
iiclr-17574	534	4	.	.	PUNCT
iiclr-17574	535	1	l.	l.	PROPN
iiclr-17574	535	2	rev	rev	PROPN
iiclr-17574	535	3	.	.	PUNCT
iiclr-17574	535	4	)	)	PUNCT
iiclr-17574	536	1	[	[	X
iiclr-17574	536	2	hereinafter	hereinafter	NOUN
iiclr-17574	536	3	guidelines	guideline	NOUN
iiclr-17574	536	4	]	]	PUNCT
iiclr-17574	536	5	.	.	PUNCT
iiclr-17574	537	1	131	131	NUM
iiclr-17574	537	2	.	.	PUNCT
iiclr-17574	538	1	aoyama	aoyama	PROPN
iiclr-17574	538	2	,	,	PUNCT
iiclr-17574	538	3	supra	supra	PROPN
iiclr-17574	538	4	note	note	NOUN
iiclr-17574	538	5	15	15	NUM
iiclr-17574	538	6	.	.	PUNCT
iiclr-17574	539	1	132	132	NUM
iiclr-17574	539	2	.	.	PUNCT
iiclr-17574	539	3	u.s.-japan	u.s.-japan	PROPN
iiclr-17574	539	4	business	business	PROPN
iiclr-17574	539	5	council	council	PROPN
iiclr-17574	539	6	,	,	PUNCT
iiclr-17574	539	7	japan	japan	PROPN
iiclr-17574	539	8	's	's	PART
iiclr-17574	539	9	financial	financial	ADJ
iiclr-17574	539	10	services	service	NOUN
iiclr-17574	539	11	market	market	NOUN
iiclr-17574	539	12	:	:	PUNCT
iiclr-17574	539	13	the	the	DET
iiclr-17574	539	14	case	case	NOUN
iiclr-17574	539	15	for	for	ADP
iiclr-17574	539	16	expanded	expand	VERB
iiclr-17574	539	17	access	access	NOUN
iiclr-17574	539	18	14	14	NUM
iiclr-17574	539	19	(	(	PUNCT
iiclr-17574	539	20	june	june	PROPN
iiclr-17574	539	21	3	3	NUM
iiclr-17574	539	22	,	,	PUNCT
iiclr-17574	539	23	1993	1993	NUM
iiclr-17574	539	24	)	)	PUNCT
iiclr-17574	539	25	(	(	PUNCT
iiclr-17574	539	26	on	on	ADP
iiclr-17574	539	27	file	file	NOUN
iiclr-17574	539	28	with	with	ADP
iiclr-17574	539	29	ind	ind	NOUN
iiclr-17574	539	30	.	.	PUNCT
iiclr-17574	540	1	int'l	int'l	PROPN
iiclr-17574	540	2	&	&	CCONJ
iiclr-17574	540	3	com	com	PROPN
iiclr-17574	540	4	.	.	PROPN
iiclr-17574	540	5	l.	l.	PROPN
iiclr-17574	540	6	rev	rev	PROPN
iiclr-17574	540	7	.	.	PUNCT
iiclr-17574	540	8	)	)	PUNCT
iiclr-17574	541	1	[	[	X
iiclr-17574	541	2	hereinafter	hereinafter	NOUN
iiclr-17574	541	3	u.s.-japan	u.s.-japan	PROPN
iiclr-17574	541	4	business	business	PROPN
iiclr-17574	541	5	council	council	PROPN
iiclr-17574	541	6	]	]	X
iiclr-17574	541	7	.	.	PUNCT
iiclr-17574	542	1	133	133	NUM
iiclr-17574	542	2	.	.	PUNCT
iiclr-17574	543	1	i	i	PRON
iiclr-17574	543	2	d.	d.	PROPN
iiclr-17574	543	3	134	134	NUM
iiclr-17574	543	4	.	.	PUNCT
iiclr-17574	544	1	i	i	PRON
iiclr-17574	544	2	d.	d.	PROPN
iiclr-17574	544	3	135	135	NUM
iiclr-17574	544	4	.	.	PUNCT
iiclr-17574	545	1	i	i	PRON
iiclr-17574	545	2	d.	d.	PROPN
iiclr-17574	545	3	136	136	NUM
iiclr-17574	545	4	.	.	PUNCT
iiclr-17574	546	1	i	i	PRON
iiclr-17574	546	2	d.	d.	PROPN
iiclr-17574	546	3	137	137	NUM
iiclr-17574	546	4	.	.	PUNCT
iiclr-17574	547	1	i	i	PRON
iiclr-17574	547	2	d	d	PROPN
iiclr-17574	547	3	138	138	NUM
iiclr-17574	547	4	.	.	PUNCT
iiclr-17574	548	1	i	i	PRON
iiclr-17574	548	2	d.	d.	PROPN
iiclr-17574	548	3	1995	1995	NUM
iiclr-17574	548	4	]	]	X
iiclr-17574	548	5	ind	ind	NOUN
iiclr-17574	548	6	.	.	PUNCT
iiclr-17574	548	7	int'l	int'l	PROPN
iiclr-17574	548	8	&	&	CCONJ
iiclr-17574	548	9	comp	comp	PROPN
iiclr-17574	548	10	.	.	PUNCT
iiclr-17574	549	1	l.	l.	PROPN
iiclr-17574	549	2	rev	rev	PROPN
iiclr-17574	549	3	.	.	PUNCT
iiclr-17574	550	1	states	state	NOUN
iiclr-17574	550	2	,	,	PUNCT
iiclr-17574	550	3	which	which	PRON
iiclr-17574	550	4	allows	allow	VERB
iiclr-17574	550	5	,	,	PUNCT
iiclr-17574	550	6	to	to	ADP
iiclr-17574	550	7	a	a	DET
iiclr-17574	550	8	great	great	ADJ
iiclr-17574	550	9	extent	extent	NOUN
iiclr-17574	550	10	,	,	PUNCT
iiclr-17574	550	11	market	market	NOUN
iiclr-17574	550	12	forces	force	NOUN
iiclr-17574	550	13	and	and	CCONJ
iiclr-17574	550	14	not	not	PART
iiclr-17574	550	15	government	government	NOUN
iiclr-17574	550	16	regulation	regulation	NOUN
iiclr-17574	550	17	to	to	PART
iiclr-17574	550	18	determine	determine	VERB
iiclr-17574	550	19	the	the	DET
iiclr-17574	550	20	financial	financial	ADJ
iiclr-17574	550	21	order	order	NOUN
iiclr-17574	550	22	of	of	ADP
iiclr-17574	550	23	its	its	PRON
iiclr-17574	550	24	markets	market	NOUN
iiclr-17574	550	25	,	,	PUNCT
iiclr-17574	550	26	the	the	DET
iiclr-17574	550	27	number	number	NOUN
iiclr-17574	550	28	of	of	ADP
iiclr-17574	550	29	securities	security	NOUN
iiclr-17574	550	30	firms	firm	NOUN
iiclr-17574	550	31	and	and	CCONJ
iiclr-17574	550	32	investment	investment	NOUN
iiclr-17574	550	33	trusts	trust	NOUN
iiclr-17574	550	34	in	in	ADP
iiclr-17574	550	35	japan	japan	PROPN
iiclr-17574	550	36	is	be	AUX
iiclr-17574	550	37	dependent	dependent	ADJ
iiclr-17574	550	38	upon	upon	SCONJ
iiclr-17574	550	39	existing	exist	VERB
iiclr-17574	550	40	legislation	legislation	NOUN
iiclr-17574	550	41	.	.	PUNCT
iiclr-17574	551	1	this	this	DET
iiclr-17574	551	2	legislation	legislation	NOUN
iiclr-17574	551	3	permits	permit	VERB
iiclr-17574	551	4	screening	screen	VERB
iiclr-17574	551	5	and	and	CCONJ
iiclr-17574	551	6	licensing	licensing	NOUN
iiclr-17574	551	7	by	by	ADP
iiclr-17574	551	8	the	the	DET
iiclr-17574	551	9	ministry	ministry	PROPN
iiclr-17574	551	10	of	of	ADP
iiclr-17574	551	11	finance	finance	PROPN
iiclr-17574	551	12	(	(	PUNCT
iiclr-17574	551	13	mof	mof	NOUN
iiclr-17574	551	14	)	)	PUNCT
iiclr-17574	551	15	and	and	CCONJ
iiclr-17574	551	16	greatly	greatly	ADV
iiclr-17574	551	17	limits	limit	VERB
iiclr-17574	551	18	the	the	DET
iiclr-17574	551	19	number	number	NOUN
iiclr-17574	551	20	of	of	ADP
iiclr-17574	551	21	entrants	entrant	NOUN
iiclr-17574	551	22	into	into	ADP
iiclr-17574	551	23	the	the	DET
iiclr-17574	551	24	market	market	NOUN
iiclr-17574	551	25	.	.	PUNCT
iiclr-17574	552	1	the	the	DET
iiclr-17574	552	2	regulation	regulation	NOUN
iiclr-17574	552	3	of	of	ADP
iiclr-17574	552	4	securities	security	NOUN
iiclr-17574	552	5	firms	firm	NOUN
iiclr-17574	552	6	differs	differ	VERB
iiclr-17574	552	7	from	from	ADP
iiclr-17574	552	8	the	the	DET
iiclr-17574	552	9	regulation	regulation	NOUN
iiclr-17574	552	10	of	of	ADP
iiclr-17574	552	11	investment	investment	NOUN
iiclr-17574	552	12	trust	trust	NOUN
iiclr-17574	552	13	management	management	NOUN
iiclr-17574	552	14	companies	company	NOUN
iiclr-17574	552	15	.	.	PUNCT
iiclr-17574	553	1	regulations	regulation	NOUN
iiclr-17574	553	2	in	in	ADP
iiclr-17574	553	3	the	the	DET
iiclr-17574	553	4	securities	security	NOUN
iiclr-17574	553	5	industry	industry	NOUN
iiclr-17574	553	6	were	be	AUX
iiclr-17574	553	7	relaxed	relax	VERB
iiclr-17574	553	8	earlier	early	ADV
iiclr-17574	553	9	and	and	CCONJ
iiclr-17574	553	10	to	to	ADP
iiclr-17574	553	11	a	a	DET
iiclr-17574	553	12	greater	great	ADJ
iiclr-17574	553	13	extent	extent	NOUN
iiclr-17574	553	14	than	than	ADP
iiclr-17574	553	15	regulations	regulation	NOUN
iiclr-17574	553	16	governing	govern	VERB
iiclr-17574	553	17	the	the	DET
iiclr-17574	553	18	investment	investment	NOUN
iiclr-17574	553	19	trust	trust	NOUN
iiclr-17574	553	20	management	management	NOUN
iiclr-17574	553	21	business	business	NOUN
iiclr-17574	553	22	.	.	PUNCT
iiclr-17574	554	1	modeled	model	VERB
iiclr-17574	554	2	specifically	specifically	ADV
iiclr-17574	554	3	on	on	ADP
iiclr-17574	554	4	the	the	DET
iiclr-17574	554	5	u.s	u.s	PROPN
iiclr-17574	554	6	.	.	PROPN
iiclr-17574	554	7	securities	securities	PROPN
iiclr-17574	554	8	act	act	PROPN
iiclr-17574	554	9	of	of	ADP
iiclr-17574	554	10	1933	1933	NUM
iiclr-17574	554	11	and	and	CCONJ
iiclr-17574	554	12	the	the	DET
iiclr-17574	554	13	securities	securities	PROPN
iiclr-17574	554	14	exchange	exchange	PROPN
iiclr-17574	554	15	act	act	NOUN
iiclr-17574	554	16	of	of	ADP
iiclr-17574	554	17	1934	1934	NUM
iiclr-17574	554	18	,	,	PUNCT
iiclr-17574	554	19	japan	japan	PROPN
iiclr-17574	554	20	's	's	PART
iiclr-17574	554	21	securities	securities	PROPN
iiclr-17574	554	22	and	and	CCONJ
iiclr-17574	554	23	exchange	exchange	NOUN
iiclr-17574	554	24	law	law	NOUN
iiclr-17574	554	25	(	(	PUNCT
iiclr-17574	554	26	sel	sel	NOUN
iiclr-17574	554	27	)	)	PUNCT
iiclr-17574	554	28	provides	provide	VERB
iiclr-17574	554	29	investor	investor	NOUN
iiclr-17574	554	30	protection	protection	NOUN
iiclr-17574	554	31	through	through	ADP
iiclr-17574	554	32	mandatory	mandatory	ADJ
iiclr-17574	554	33	disclosure	disclosure	NOUN
iiclr-17574	554	34	and	and	CCONJ
iiclr-17574	554	35	anti	anti	ADJ
iiclr-17574	554	36	-	-	ADJ
iiclr-17574	554	37	fraud	fraud	ADJ
iiclr-17574	554	38	rules	rule	NOUN
iiclr-17574	554	39	.	.	PUNCT
iiclr-17574	555	1	139	139	NUM
iiclr-17574	555	2	the	the	DET
iiclr-17574	555	3	sel	sel	NOUN
iiclr-17574	555	4	specifically	specifically	ADV
iiclr-17574	555	5	regulates	regulate	VERB
iiclr-17574	555	6	the	the	DET
iiclr-17574	555	7	securities	security	NOUN
iiclr-17574	555	8	industry	industry	NOUN
iiclr-17574	555	9	and	and	CCONJ
iiclr-17574	555	10	not	not	PART
iiclr-17574	555	11	the	the	DET
iiclr-17574	555	12	investment	investment	NOUN
iiclr-17574	555	13	trust	trust	NOUN
iiclr-17574	555	14	business	business	NOUN
iiclr-17574	555	15	.	.	PUNCT
iiclr-17574	556	1	thus	thus	ADV
iiclr-17574	556	2	,	,	PUNCT
iiclr-17574	556	3	when	when	SCONJ
iiclr-17574	556	4	a	a	DET
iiclr-17574	556	5	securities	security	NOUN
iiclr-17574	556	6	firm	firm	ADJ
iiclr-17574	556	7	desires	desire	NOUN
iiclr-17574	556	8	to	to	PART
iiclr-17574	556	9	issue	issue	VERB
iiclr-17574	556	10	"	"	PUNCT
iiclr-17574	556	11	securities	security	NOUN
iiclr-17574	556	12	,	,	PUNCT
iiclr-17574	556	13	"	"	PUNCT
iiclr-17574	556	14	it	it	PRON
iiclr-17574	556	15	must	must	AUX
iiclr-17574	556	16	file	file	VERB
iiclr-17574	556	17	a	a	DET
iiclr-17574	556	18	registration	registration	NOUN
iiclr-17574	556	19	statement	statement	NOUN
iiclr-17574	556	20	with	with	ADP
iiclr-17574	556	21	the	the	DET
iiclr-17574	556	22	mof	mof	NOUN
iiclr-17574	556	23	and	and	CCONJ
iiclr-17574	556	24	comply	comply	ADJ
iiclr-17574	556	25	with	with	ADP
iiclr-17574	556	26	reporting	report	VERB
iiclr-17574	556	27	requirements.140	requirements.140	ADJ
iiclr-17574	556	28	certain	certain	ADJ
iiclr-17574	556	29	rules	rule	NOUN
iiclr-17574	556	30	,	,	PUNCT
iiclr-17574	556	31	such	such	ADJ
iiclr-17574	556	32	as	as	ADP
iiclr-17574	556	33	article	article	NOUN
iiclr-17574	556	34	65	65	NUM
iiclr-17574	556	35	,	,	PUNCT
iiclr-17574	556	36	also	also	ADV
iiclr-17574	556	37	limit	limit	VERB
iiclr-17574	556	38	who	who	PRON
iiclr-17574	556	39	is	be	AUX
iiclr-17574	556	40	eligible	eligible	ADJ
iiclr-17574	556	41	to	to	PART
iiclr-17574	556	42	sell	sell	VERB
iiclr-17574	556	43	securities	security	NOUN
iiclr-17574	556	44	.	.	PUNCT
iiclr-17574	557	1	article	article	NOUN
iiclr-17574	557	2	65	65	NUM
iiclr-17574	557	3	of	of	ADP
iiclr-17574	557	4	the	the	DET
iiclr-17574	557	5	sel	sel	NOUN
iiclr-17574	557	6	is	be	AUX
iiclr-17574	557	7	similar	similar	ADJ
iiclr-17574	557	8	to	to	ADP
iiclr-17574	557	9	the	the	DET
iiclr-17574	557	10	u.s	u.s	PROPN
iiclr-17574	557	11	.	.	PROPN
iiclr-17574	557	12	gsa	gsa	PROPN
iiclr-17574	557	13	because	because	SCONJ
iiclr-17574	557	14	it	it	PRON
iiclr-17574	557	15	essentially	essentially	ADV
iiclr-17574	557	16	prohibits	prohibit	VERB
iiclr-17574	557	17	banks	bank	NOUN
iiclr-17574	557	18	from	from	ADP
iiclr-17574	557	19	entering	enter	VERB
iiclr-17574	557	20	the	the	DET
iiclr-17574	557	21	securities	security	NOUN
iiclr-17574	557	22	business	business	NOUN
iiclr-17574	557	23	.	.	PUNCT
iiclr-17574	558	1	41	41	NUM
iiclr-17574	559	1	the	the	DET
iiclr-17574	559	2	japanese	japanese	ADJ
iiclr-17574	559	3	economy	economy	NOUN
iiclr-17574	559	4	was	be	AUX
iiclr-17574	559	5	marked	mark	VERB
iiclr-17574	559	6	by	by	ADP
iiclr-17574	559	7	a	a	DET
iiclr-17574	559	8	period	period	NOUN
iiclr-17574	559	9	of	of	ADP
iiclr-17574	559	10	depression	depression	NOUN
iiclr-17574	559	11	from	from	ADP
iiclr-17574	559	12	1961	1961	NUM
iiclr-17574	559	13	to	to	ADP
iiclr-17574	559	14	1968.142	1968.142	NUM
iiclr-17574	559	15	in	in	ADP
iiclr-17574	559	16	july	july	PROPN
iiclr-17574	559	17	1961	1961	NUM
iiclr-17574	559	18	,	,	PUNCT
iiclr-17574	559	19	japan	japan	PROPN
iiclr-17574	559	20	's	's	PART
iiclr-17574	559	21	credit	credit	NOUN
iiclr-17574	559	22	markets	market	NOUN
iiclr-17574	559	23	tightened	tighten	VERB
iiclr-17574	559	24	.	.	PUNCT
iiclr-17574	560	1	in	in	ADP
iiclr-17574	560	2	an	an	DET
iiclr-17574	560	3	effort	effort	NOUN
iiclr-17574	560	4	to	to	PART
iiclr-17574	560	5	procure	procure	VERB
iiclr-17574	560	6	new	new	ADJ
iiclr-17574	560	7	capital	capital	NOUN
iiclr-17574	560	8	,	,	PUNCT
iiclr-17574	560	9	corporations	corporation	NOUN
iiclr-17574	560	10	flooded	flood	VERB
iiclr-17574	560	11	the	the	DET
iiclr-17574	560	12	stock	stock	NOUN
iiclr-17574	560	13	market	market	NOUN
iiclr-17574	560	14	with	with	ADP
iiclr-17574	560	15	new	new	ADJ
iiclr-17574	560	16	issues	issue	NOUN
iiclr-17574	560	17	and	and	CCONJ
iiclr-17574	560	18	offerings	offering	NOUN
iiclr-17574	560	19	of	of	ADP
iiclr-17574	560	20	stock	stock	NOUN
iiclr-17574	560	21	.	.	PUNCT
iiclr-17574	560	22	'	'	PUNCT
iiclr-17574	560	23	"	"	PUNCT
iiclr-17574	560	24	by	by	ADP
iiclr-17574	560	25	the	the	DET
iiclr-17574	560	26	spring	spring	NOUN
iiclr-17574	560	27	of	of	ADP
iiclr-17574	560	28	1963	1963	NUM
iiclr-17574	560	29	,	,	PUNCT
iiclr-17574	560	30	the	the	DET
iiclr-17574	560	31	increase	increase	NOUN
iiclr-17574	560	32	in	in	ADP
iiclr-17574	560	33	stock	stock	NOUN
iiclr-17574	560	34	supply	supply	NOUN
iiclr-17574	560	35	,	,	PUNCT
iiclr-17574	560	36	coupled	couple	VERB
iiclr-17574	560	37	with	with	ADP
iiclr-17574	560	38	the	the	DET
iiclr-17574	560	39	cancellation	cancellation	NOUN
iiclr-17574	560	40	of	of	ADP
iiclr-17574	560	41	stock	stock	NOUN
iiclr-17574	560	42	investment	investment	NOUN
iiclr-17574	560	43	trusts	trust	NOUN
iiclr-17574	560	44	,	,	PUNCT
iiclr-17574	560	45	had	have	VERB
iiclr-17574	560	46	serious	serious	ADJ
iiclr-17574	560	47	repercussions	repercussion	NOUN
iiclr-17574	560	48	on	on	ADP
iiclr-17574	560	49	the	the	DET
iiclr-17574	560	50	stock	stock	NOUN
iiclr-17574	560	51	market	market	NOUN
iiclr-17574	560	52	.	.	PUNCT
iiclr-17574	561	1	45	45	NUM
iiclr-17574	561	2	in	in	ADP
iiclr-17574	561	3	1965	1965	NUM
iiclr-17574	561	4	,	,	PUNCT
iiclr-17574	561	5	the	the	DET
iiclr-17574	561	6	japanese	japanese	ADJ
iiclr-17574	561	7	securities	securities	PROPN
iiclr-17574	561	8	holding	holding	PROPN
iiclr-17574	561	9	association	association	NOUN
iiclr-17574	561	10	was	be	AUX
iiclr-17574	561	11	organized	organize	VERB
iiclr-17574	561	12	by	by	ADP
iiclr-17574	561	13	the	the	DET
iiclr-17574	561	14	securities	security	NOUN
iiclr-17574	561	15	companies	company	NOUN
iiclr-17574	561	16	,	,	PUNCT
iiclr-17574	561	17	with	with	ADP
iiclr-17574	561	18	the	the	DET
iiclr-17574	561	19	aid	aid	NOUN
iiclr-17574	561	20	of	of	ADP
iiclr-17574	561	21	the	the	DET
iiclr-17574	561	22	bank	bank	PROPN
iiclr-17574	561	23	of	of	ADP
iiclr-17574	561	24	japan	japan	PROPN
iiclr-17574	561	25	,	,	PUNCT
iiclr-17574	561	26	to	to	PART
iiclr-17574	561	27	acquire	acquire	VERB
iiclr-17574	561	28	"	"	PUNCT
iiclr-17574	561	29	excess	excess	ADJ
iiclr-17574	561	30	stocks	stock	NOUN
iiclr-17574	561	31	arising	arise	VERB
iiclr-17574	561	32	from	from	ADP
iiclr-17574	561	33	the	the	DET
iiclr-17574	561	34	cancellations	cancellation	NOUN
iiclr-17574	561	35	of	of	ADP
iiclr-17574	561	36	investment	investment	NOUN
iiclr-17574	561	37	trusts	trust	NOUN
iiclr-17574	561	38	and	and	CCONJ
iiclr-17574	561	39	stockholdings	stockholding	NOUN
iiclr-17574	561	40	of	of	ADP
iiclr-17574	561	41	securities	security	NOUN
iiclr-17574	561	42	companies	company	NOUN
iiclr-17574	561	43	.	.	PUNCT
iiclr-17574	562	1	"	"	PUNCT
iiclr-17574	562	2	'	'	PUNCT
iiclr-17574	562	3	"	"	PUNCT
iiclr-17574	562	4	after	after	ADP
iiclr-17574	562	5	february	february	PROPN
iiclr-17574	562	6	of	of	ADP
iiclr-17574	562	7	1965	1965	NUM
iiclr-17574	562	8	,	,	PUNCT
iiclr-17574	562	9	capital	capital	NOUN
iiclr-17574	562	10	increases	increase	NOUN
iiclr-17574	562	11	were	be	AUX
iiclr-17574	562	12	suspended	suspend	VERB
iiclr-17574	562	13	.	.	PUNCT
iiclr-17574	563	1	47	47	NUM
iiclr-17574	563	2	these	these	DET
iiclr-17574	563	3	events	event	NOUN
iiclr-17574	563	4	ultimately	ultimately	ADV
iiclr-17574	563	5	served	serve	VERB
iiclr-17574	563	6	as	as	ADP
iiclr-17574	563	7	the	the	DET
iiclr-17574	563	8	impetus	impetus	NOUN
iiclr-17574	563	9	for	for	ADP
iiclr-17574	563	10	change	change	NOUN
iiclr-17574	563	11	in	in	ADP
iiclr-17574	563	12	japanese	japanese	ADJ
iiclr-17574	563	13	securities	security	NOUN
iiclr-17574	563	14	regulation	regulation	NOUN
iiclr-17574	563	15	.	.	PUNCT
iiclr-17574	564	1	139	139	NUM
iiclr-17574	564	2	.	.	PUNCT
iiclr-17574	565	1	megumi	megumi	PROPN
iiclr-17574	565	2	suto	suto	PROPN
iiclr-17574	565	3	,	,	PUNCT
iiclr-17574	565	4	the	the	DET
iiclr-17574	565	5	securities	security	NOUN
iiclr-17574	565	6	industry	industry	NOUN
iiclr-17574	565	7	in	in	ADP
iiclr-17574	565	8	japan	japan	PROPN
iiclr-17574	565	9	,	,	PUNCT
iiclr-17574	565	10	in	in	ADP
iiclr-17574	565	11	japanese	japanese	ADJ
iiclr-17574	565	12	capital	capital	NOUN
iiclr-17574	565	13	markets	market	NOUN
iiclr-17574	565	14	164	164	NUM
iiclr-17574	565	15	,	,	PUNCT
iiclr-17574	565	16	168	168	NUM
iiclr-17574	565	17	(	(	PUNCT
iiclr-17574	565	18	shinji	shinji	PROPN
iiclr-17574	565	19	takagi	takagi	PROPN
iiclr-17574	565	20	ed	ed	NOUN
iiclr-17574	565	21	.	.	PROPN
iiclr-17574	565	22	,	,	PUNCT
iiclr-17574	565	23	1993	1993	NUM
iiclr-17574	565	24	)	)	PUNCT
iiclr-17574	565	25	.	.	PUNCT
iiclr-17574	566	1	140	140	NUM
iiclr-17574	566	2	.	.	PUNCT
iiclr-17574	567	1	i	i	PRON
iiclr-17574	567	2	d.	d.	PROPN
iiclr-17574	567	3	at	at	ADP
iiclr-17574	567	4	168	168	NUM
iiclr-17574	567	5	-	-	SYM
iiclr-17574	567	6	69	69	NUM
iiclr-17574	567	7	.	.	PUNCT
iiclr-17574	568	1	141	141	NUM
iiclr-17574	568	2	.	.	PUNCT
iiclr-17574	569	1	i	i	PRON
iiclr-17574	569	2	d.	d.	PROPN
iiclr-17574	569	3	at	at	ADP
iiclr-17574	569	4	180	180	NUM
iiclr-17574	569	5	.	.	PUNCT
iiclr-17574	570	1	the	the	DET
iiclr-17574	570	2	history	history	NOUN
iiclr-17574	570	3	of	of	ADP
iiclr-17574	570	4	japan	japan	PROPN
iiclr-17574	570	5	's	's	PART
iiclr-17574	570	6	adoption	adoption	NOUN
iiclr-17574	570	7	of	of	ADP
iiclr-17574	570	8	article	article	NOUN
iiclr-17574	570	9	65	65	NUM
iiclr-17574	570	10	differs	differ	VERB
iiclr-17574	570	11	from	from	ADP
iiclr-17574	570	12	the	the	DET
iiclr-17574	570	13	united	united	PROPN
iiclr-17574	570	14	states	states	PROPN
iiclr-17574	570	15	'	'	PART
iiclr-17574	570	16	adoption	adoption	NOUN
iiclr-17574	570	17	of	of	ADP
iiclr-17574	570	18	the	the	DET
iiclr-17574	570	19	glass	glass	NOUN
iiclr-17574	570	20	-	-	PUNCT
iiclr-17574	570	21	steagall	steagall	PROPN
iiclr-17574	570	22	act	act	PROPN
iiclr-17574	570	23	.	.	PUNCT
iiclr-17574	571	1	unlike	unlike	ADP
iiclr-17574	571	2	the	the	DET
iiclr-17574	571	3	united	united	PROPN
iiclr-17574	571	4	states	states	PROPN
iiclr-17574	571	5	,	,	PUNCT
iiclr-17574	571	6	which	which	PRON
iiclr-17574	571	7	adopted	adopt	VERB
iiclr-17574	571	8	the	the	DET
iiclr-17574	571	9	gsa	gsa	PROPN
iiclr-17574	571	10	to	to	PART
iiclr-17574	571	11	protect	protect	VERB
iiclr-17574	571	12	depositors	depositor	NOUN
iiclr-17574	571	13	'	'	PART
iiclr-17574	571	14	interests	interest	NOUN
iiclr-17574	571	15	and	and	CCONJ
iiclr-17574	571	16	prevent	prevent	VERB
iiclr-17574	571	17	banks	bank	NOUN
iiclr-17574	571	18	from	from	ADP
iiclr-17574	571	19	making	make	VERB
iiclr-17574	571	20	speculative	speculative	ADJ
iiclr-17574	571	21	investments	investment	NOUN
iiclr-17574	571	22	,	,	PUNCT
iiclr-17574	571	23	article	article	NOUN
iiclr-17574	571	24	65	65	NUM
iiclr-17574	571	25	was	be	AUX
iiclr-17574	571	26	adopted	adopt	VERB
iiclr-17574	571	27	in	in	ADP
iiclr-17574	571	28	japan	japan	PROPN
iiclr-17574	571	29	at	at	ADP
iiclr-17574	571	30	the	the	DET
iiclr-17574	571	31	insistence	insistence	NOUN
iiclr-17574	571	32	of	of	ADP
iiclr-17574	571	33	the	the	DET
iiclr-17574	571	34	u.s	u.s	PROPN
iiclr-17574	571	35	.	.	PROPN
iiclr-17574	571	36	government	government	NOUN
iiclr-17574	571	37	during	during	ADP
iiclr-17574	571	38	the	the	DET
iiclr-17574	571	39	occupation	occupation	NOUN
iiclr-17574	571	40	to	to	PART
iiclr-17574	571	41	protect	protect	VERB
iiclr-17574	571	42	afledgling	afledgling	NOUN
iiclr-17574	571	43	broker	broker	NOUN
iiclr-17574	571	44	business	business	NOUN
iiclr-17574	571	45	from	from	ADP
iiclr-17574	571	46	the	the	DET
iiclr-17574	571	47	competitive	competitive	ADJ
iiclr-17574	571	48	and	and	CCONJ
iiclr-17574	571	49	establishedcity	establishedcity	NOUN
iiclr-17574	571	50	banks	bank	NOUN
iiclr-17574	571	51	.	.	PUNCT
iiclr-17574	572	1	j.	j.	PROPN
iiclr-17574	572	2	robert	robert	PROPN
iiclr-17574	572	3	brown	brown	PROPN
iiclr-17574	572	4	,	,	PUNCT
iiclr-17574	572	5	jr	jr	PROPN
iiclr-17574	572	6	.	.	PROPN
iiclr-17574	572	7	,	,	PUNCT
iiclr-17574	572	8	opening	opening	NOUN
iiclr-17574	572	9	of	of	ADP
iiclr-17574	572	10	japan	japan	PROPN
iiclr-17574	572	11	's	's	PART
iiclr-17574	572	12	financial	financial	ADJ
iiclr-17574	572	13	markets	market	NOUN
iiclr-17574	572	14	29	29	NUM
iiclr-17574	572	15	(	(	PUNCT
iiclr-17574	572	16	1994	1994	NUM
iiclr-17574	572	17	)	)	PUNCT
iiclr-17574	572	18	.	.	PUNCT
iiclr-17574	573	1	142	142	NUM
iiclr-17574	573	2	.	.	PUNCT
iiclr-17574	574	1	japan	japan	PROPN
iiclr-17574	574	2	securities	securities	PROPN
iiclr-17574	574	3	research	research	NOUN
iiclr-17574	574	4	instiutte	instiutte	NOUN
iiclr-17574	574	5	,	,	PUNCT
iiclr-17574	574	6	securties	securtie	NOUN
iiclr-17574	574	7	market	market	NOUN
iiclr-17574	574	8	in	in	ADP
iiclr-17574	574	9	japan	japan	PROPN
iiclr-17574	574	10	17	17	NUM
iiclr-17574	574	11	-	-	SYM
iiclr-17574	574	12	18(1992	18(1992	NUM
iiclr-17574	574	13	)	)	PUNCT
iiclr-17574	574	14	.	.	PUNCT
iiclr-17574	575	1	143	143	X
iiclr-17574	575	2	.	.	PUNCT
iiclr-17574	576	1	i	i	PRON
iiclr-17574	576	2	d.	d.	PROPN
iiclr-17574	576	3	at	at	ADP
iiclr-17574	576	4	17	17	NUM
iiclr-17574	576	5	.	.	PUNCT
iiclr-17574	577	1	144	144	NUM
iiclr-17574	577	2	.	.	PUNCT
iiclr-17574	578	1	i	i	PRON
iiclr-17574	578	2	d.	d.	PROPN
iiclr-17574	578	3	at	at	ADP
iiclr-17574	578	4	17	17	NUM
iiclr-17574	578	5	-	-	SYM
iiclr-17574	578	6	18	18	NUM
iiclr-17574	578	7	.	.	PUNCT
iiclr-17574	578	8	145	145	NUM
iiclr-17574	578	9	.	.	PUNCT
iiclr-17574	579	1	i	i	PRON
iiclr-17574	579	2	d.	d.	PROPN
iiclr-17574	579	3	at	at	ADP
iiclr-17574	579	4	18	18	NUM
iiclr-17574	579	5	.	.	PUNCT
iiclr-17574	579	6	146	146	NUM
iiclr-17574	579	7	.	.	PUNCT
iiclr-17574	580	1	i	i	PRON
iiclr-17574	580	2	d.	d.	PROPN
iiclr-17574	580	3	147	147	NUM
iiclr-17574	580	4	.	.	PUNCT
iiclr-17574	581	1	i	i	PRON
iiclr-17574	581	2	d.	d.	PROPN
iiclr-17574	582	1	[	[	X
iiclr-17574	582	2	vol	vol	NOUN
iiclr-17574	582	3	.	.	PUNCT
iiclr-17574	583	1	5:2	5:2	NUM
iiclr-17574	583	2	mutual	mutual	ADJ
iiclr-17574	583	3	fund	fund	NOUN
iiclr-17574	583	4	emergence	emergence	VERB
iiclr-17574	583	5	in	in	ADP
iiclr-17574	583	6	1965	1965	NUM
iiclr-17574	583	7	,	,	PUNCT
iiclr-17574	583	8	the	the	DET
iiclr-17574	583	9	sel	sel	NOUN
iiclr-17574	583	10	was	be	AUX
iiclr-17574	583	11	fundamentally	fundamentally	ADV
iiclr-17574	583	12	revised	revise	VERB
iiclr-17574	583	13	.	.	PUNCT
iiclr-17574	584	1	48	48	NUM
iiclr-17574	584	2	amendment	amendment	NOUN
iiclr-17574	584	3	of	of	ADP
iiclr-17574	584	4	sel	sel	PROPN
iiclr-17574	584	5	was	be	AUX
iiclr-17574	584	6	"	"	PUNCT
iiclr-17574	584	7	aimed	aim	VERB
iiclr-17574	584	8	at	at	ADP
iiclr-17574	584	9	substituting	substitute	VERB
iiclr-17574	584	10	a	a	DET
iiclr-17574	584	11	licensing	licensing	NOUN
iiclr-17574	584	12	system	system	NOUN
iiclr-17574	584	13	for	for	ADP
iiclr-17574	584	14	the	the	DET
iiclr-17574	584	15	prevailing	prevail	VERB
iiclr-17574	584	16	registration	registration	NOUN
iiclr-17574	584	17	system	system	NOUN
iiclr-17574	584	18	for	for	ADP
iiclr-17574	584	19	securities	security	NOUN
iiclr-17574	584	20	companies	company	NOUN
iiclr-17574	584	21	...	...	PUNCT
iiclr-17574	584	22	.	.	PUNCT
iiclr-17574	584	23	"	"	PUNCT
iiclr-17574	585	1	4	4	NUM
iiclr-17574	585	2	'	'	PUNCT
iiclr-17574	585	3	in	in	ADP
iiclr-17574	585	4	addition	addition	NOUN
iiclr-17574	585	5	to	to	ADP
iiclr-17574	585	6	article	article	NOUN
iiclr-17574	585	7	65	65	NUM
iiclr-17574	585	8	's	's	PART
iiclr-17574	585	9	limitations	limitation	NOUN
iiclr-17574	585	10	on	on	ADP
iiclr-17574	585	11	who	who	PRON
iiclr-17574	585	12	may	may	AUX
iiclr-17574	585	13	actually	actually	ADV
iiclr-17574	585	14	sell	sell	VERB
iiclr-17574	585	15	securities	security	NOUN
iiclr-17574	585	16	,	,	PUNCT
iiclr-17574	585	17	the	the	DET
iiclr-17574	585	18	licensing	licensing	NOUN
iiclr-17574	585	19	system	system	NOUN
iiclr-17574	585	20	regulated	regulate	VERB
iiclr-17574	585	21	who	who	PRON
iiclr-17574	585	22	could	could	AUX
iiclr-17574	585	23	engage	engage	VERB
iiclr-17574	585	24	in	in	ADP
iiclr-17574	585	25	the	the	DET
iiclr-17574	585	26	separate	separate	ADJ
iiclr-17574	585	27	activities	activity	NOUN
iiclr-17574	585	28	of	of	ADP
iiclr-17574	585	29	underwriting	underwriting	NOUN
iiclr-17574	585	30	,	,	PUNCT
iiclr-17574	585	31	brokerage	brokerage	NOUN
iiclr-17574	585	32	,	,	PUNCT
iiclr-17574	585	33	distribution	distribution	NOUN
iiclr-17574	585	34	,	,	PUNCT
iiclr-17574	585	35	and	and	CCONJ
iiclr-17574	585	36	dealing	deal	VERB
iiclr-17574	585	37	.	.	PUNCT
iiclr-17574	586	1	5	5	NUM
iiclr-17574	586	2	a	a	DET
iiclr-17574	586	3	firm	firm	NOUN
iiclr-17574	586	4	can	can	AUX
iiclr-17574	586	5	be	be	AUX
iiclr-17574	586	6	licensed	license	VERB
iiclr-17574	586	7	in	in	ADP
iiclr-17574	586	8	all	all	DET
iiclr-17574	586	9	four	four	NUM
iiclr-17574	586	10	areas	area	NOUN
iiclr-17574	586	11	only	only	ADV
iiclr-17574	586	12	if	if	SCONJ
iiclr-17574	586	13	it	it	PRON
iiclr-17574	586	14	has	have	VERB
iiclr-17574	586	15	equity	equity	NOUN
iiclr-17574	586	16	capital	capital	NOUN
iiclr-17574	586	17	of	of	ADP
iiclr-17574	586	18	one	one	NUM
iiclr-17574	586	19	billion	billion	NUM
iiclr-17574	586	20	yen	yen	NOUN
iiclr-17574	586	21	.	.	PUNCT
iiclr-17574	587	1	5	5	NUM
iiclr-17574	587	2	'	'	PUNCT
iiclr-17574	587	3	the	the	DET
iiclr-17574	587	4	mof	mof	NOUN
iiclr-17574	587	5	further	far	ADV
iiclr-17574	587	6	restricts	restrict	VERB
iiclr-17574	587	7	the	the	DET
iiclr-17574	587	8	expansion	expansion	NOUN
iiclr-17574	587	9	of	of	ADP
iiclr-17574	587	10	the	the	DET
iiclr-17574	587	11	marketplace	marketplace	NOUN
iiclr-17574	587	12	through	through	ADP
iiclr-17574	587	13	administrative	administrative	ADJ
iiclr-17574	587	14	guidance	guidance	NOUN
iiclr-17574	587	15	on	on	ADP
iiclr-17574	587	16	the	the	DET
iiclr-17574	587	17	behavior	behavior	NOUN
iiclr-17574	587	18	of	of	ADP
iiclr-17574	587	19	securities	security	NOUN
iiclr-17574	587	20	companies	company	NOUN
iiclr-17574	587	21	,	,	PUNCT
iiclr-17574	587	22	the	the	DET
iiclr-17574	587	23	position	position	NOUN
iiclr-17574	587	24	of	of	ADP
iiclr-17574	587	25	balance	balance	NOUN
iiclr-17574	587	26	sheets	sheet	NOUN
iiclr-17574	587	27	,	,	PUNCT
iiclr-17574	587	28	the	the	DET
iiclr-17574	587	29	introduction	introduction	NOUN
iiclr-17574	587	30	of	of	ADP
iiclr-17574	587	31	new	new	ADJ
iiclr-17574	587	32	financial	financial	ADJ
iiclr-17574	587	33	products	product	NOUN
iiclr-17574	587	34	,	,	PUNCT
iiclr-17574	587	35	and	and	CCONJ
iiclr-17574	587	36	limitations	limitation	NOUN
iiclr-17574	587	37	on	on	ADP
iiclr-17574	587	38	the	the	DET
iiclr-17574	587	39	number	number	NOUN
iiclr-17574	587	40	of	of	ADP
iiclr-17574	587	41	member	member	NOUN
iiclr-17574	587	42	firms	firm	NOUN
iiclr-17574	587	43	at	at	ADP
iiclr-17574	587	44	the	the	DET
iiclr-17574	587	45	securities	security	NOUN
iiclr-17574	587	46	exchanges	exchange	NOUN
iiclr-17574	587	47	.	.	PUNCT
iiclr-17574	587	48	'	'	PUNCT
iiclr-17574	588	1	the	the	DET
iiclr-17574	588	2	objective	objective	NOUN
iiclr-17574	588	3	of	of	ADP
iiclr-17574	588	4	this	this	DET
iiclr-17574	588	5	regulation	regulation	NOUN
iiclr-17574	588	6	is	be	AUX
iiclr-17574	588	7	to	to	PART
iiclr-17574	588	8	maintain	maintain	VERB
iiclr-17574	588	9	the	the	DET
iiclr-17574	588	10	stability	stability	NOUN
iiclr-17574	588	11	of	of	ADP
iiclr-17574	588	12	the	the	DET
iiclr-17574	588	13	financial	financial	ADJ
iiclr-17574	588	14	system	system	NOUN
iiclr-17574	588	15	and	and	CCONJ
iiclr-17574	588	16	to	to	PART
iiclr-17574	588	17	protect	protect	VERB
iiclr-17574	588	18	investors	investor	NOUN
iiclr-17574	588	19	from	from	ADP
iiclr-17574	588	20	what	what	PRON
iiclr-17574	588	21	authorities	authority	NOUN
iiclr-17574	588	22	call	call	VERB
iiclr-17574	588	23	"	"	PUNCT
iiclr-17574	588	24	excess	excess	ADJ
iiclr-17574	588	25	competition	competition	NOUN
iiclr-17574	588	26	.	.	PUNCT
iiclr-17574	588	27	"	"	PUNCT
iiclr-17574	589	1	53	53	NUM
iiclr-17574	589	2	after	after	ADP
iiclr-17574	589	3	the	the	DET
iiclr-17574	589	4	introduction	introduction	NOUN
iiclr-17574	589	5	of	of	ADP
iiclr-17574	589	6	the	the	DET
iiclr-17574	589	7	reforms	reform	NOUN
iiclr-17574	589	8	in	in	ADP
iiclr-17574	589	9	the	the	DET
iiclr-17574	589	10	wake	wake	NOUN
iiclr-17574	589	11	of	of	ADP
iiclr-17574	589	12	the	the	DET
iiclr-17574	589	13	securities	security	NOUN
iiclr-17574	589	14	panic	panic	NOUN
iiclr-17574	589	15	of	of	ADP
iiclr-17574	589	16	the	the	DET
iiclr-17574	589	17	early	early	ADJ
iiclr-17574	589	18	1960	1960	NUM
iiclr-17574	589	19	's	's	PART
iiclr-17574	589	20	,	,	PUNCT
iiclr-17574	589	21	the	the	DET
iiclr-17574	589	22	number	number	NOUN
iiclr-17574	589	23	of	of	ADP
iiclr-17574	589	24	securities	security	NOUN
iiclr-17574	589	25	companies	company	NOUN
iiclr-17574	589	26	decreased	decrease	VERB
iiclr-17574	589	27	drastically	drastically	ADV
iiclr-17574	589	28	from	from	ADP
iiclr-17574	589	29	a	a	DET
iiclr-17574	589	30	peak	peak	NOUN
iiclr-17574	589	31	of	of	ADP
iiclr-17574	589	32	564	564	NUM
iiclr-17574	589	33	in	in	ADP
iiclr-17574	589	34	1962	1962	NUM
iiclr-17574	589	35	to	to	ADP
iiclr-17574	589	36	255	255	NUM
iiclr-17574	589	37	at	at	ADP
iiclr-17574	589	38	the	the	DET
iiclr-17574	589	39	end	end	NOUN
iiclr-17574	589	40	of	of	ADP
iiclr-17574	589	41	1968	1968	NUM
iiclr-17574	589	42	.	.	PUNCT
iiclr-17574	590	1	this	this	DET
iiclr-17574	590	2	decrease	decrease	NOUN
iiclr-17574	590	3	can	can	AUX
iiclr-17574	590	4	be	be	AUX
iiclr-17574	590	5	attributed	attribute	VERB
iiclr-17574	590	6	to	to	ADP
iiclr-17574	590	7	the	the	DET
iiclr-17574	590	8	high	high	ADJ
iiclr-17574	590	9	standards	standard	NOUN
iiclr-17574	590	10	that	that	PRON
iiclr-17574	590	11	the	the	DET
iiclr-17574	590	12	mof	mof	NOUN
iiclr-17574	590	13	requires	require	VERB
iiclr-17574	590	14	a	a	DET
iiclr-17574	590	15	company	company	NOUN
iiclr-17574	590	16	to	to	PART
iiclr-17574	590	17	meet	meet	VERB
iiclr-17574	590	18	before	before	SCONJ
iiclr-17574	590	19	it	it	PRON
iiclr-17574	590	20	can	can	AUX
iiclr-17574	590	21	obtain	obtain	VERB
iiclr-17574	590	22	a	a	DET
iiclr-17574	590	23	license	license	NOUN
iiclr-17574	590	24	.	.	PUNCT
iiclr-17574	591	1	54	54	NUM
iiclr-17574	591	2	the	the	DET
iiclr-17574	591	3	number	number	NOUN
iiclr-17574	591	4	of	of	ADP
iiclr-17574	591	5	branch	branch	NOUN
iiclr-17574	591	6	offices	office	NOUN
iiclr-17574	591	7	also	also	ADV
iiclr-17574	591	8	declined	decline	VERB
iiclr-17574	591	9	from	from	ADP
iiclr-17574	591	10	2,853	2,853	NUM
iiclr-17574	591	11	to	to	ADP
iiclr-17574	591	12	1,825	1,825	NUM
iiclr-17574	591	13	during	during	ADP
iiclr-17574	591	14	the	the	DET
iiclr-17574	591	15	same	same	ADJ
iiclr-17574	591	16	period	period	NOUN
iiclr-17574	591	17	.	.	PUNCT
iiclr-17574	591	18	'	'	PUNCT
iiclr-17574	592	1	since	since	SCONJ
iiclr-17574	592	2	1968	1968	NUM
iiclr-17574	592	3	,	,	PUNCT
iiclr-17574	592	4	the	the	DET
iiclr-17574	592	5	number	number	NOUN
iiclr-17574	592	6	of	of	ADP
iiclr-17574	592	7	securities	security	NOUN
iiclr-17574	592	8	firms	firm	NOUN
iiclr-17574	592	9	has	have	AUX
iiclr-17574	592	10	continued	continue	VERB
iiclr-17574	592	11	to	to	PART
iiclr-17574	592	12	decrease	decrease	VERB
iiclr-17574	592	13	,	,	PUNCT
iiclr-17574	592	14	leaving	leave	VERB
iiclr-17574	592	15	only	only	ADV
iiclr-17574	592	16	210	210	NUM
iiclr-17574	592	17	in	in	ADP
iiclr-17574	592	18	1990	1990	NUM
iiclr-17574	592	19	.	.	PUNCT
iiclr-17574	593	1	among	among	ADP
iiclr-17574	593	2	some	some	DET
iiclr-17574	593	3	200	200	NUM
iiclr-17574	593	4	firms	firm	NOUN
iiclr-17574	593	5	,	,	PUNCT
iiclr-17574	593	6	full	full	ADJ
iiclr-17574	593	7	service	service	NOUN
iiclr-17574	593	8	securities	security	NOUN
iiclr-17574	593	9	operations	operation	NOUN
iiclr-17574	593	10	has	have	AUX
iiclr-17574	593	11	been	be	AUX
iiclr-17574	593	12	highly	highly	ADV
iiclr-17574	593	13	concentrated	concentrate	VERB
iiclr-17574	593	14	in	in	ADP
iiclr-17574	593	15	a	a	DET
iiclr-17574	593	16	small	small	ADJ
iiclr-17574	593	17	number	number	NOUN
iiclr-17574	593	18	of	of	ADP
iiclr-17574	593	19	integrated	integrated	ADJ
iiclr-17574	593	20	companies	company	NOUN
iiclr-17574	593	21	,	,	PUNCT
iiclr-17574	593	22	especially	especially	ADV
iiclr-17574	593	23	the	the	DET
iiclr-17574	593	24	big	big	ADJ
iiclr-17574	593	25	four	four	NUM
iiclr-17574	593	26	.	.	PUNCT
iiclr-17574	594	1	56	56	NUM
iiclr-17574	594	2	in	in	ADP
iiclr-17574	594	3	fact	fact	NOUN
iiclr-17574	594	4	,	,	PUNCT
iiclr-17574	594	5	the	the	DET
iiclr-17574	594	6	big	big	ADJ
iiclr-17574	594	7	four	four	NUM
iiclr-17574	594	8	had	have	VERB
iiclr-17574	594	9	39.1	39.1	NUM
iiclr-17574	594	10	%	%	NOUN
iiclr-17574	594	11	of	of	ADP
iiclr-17574	594	12	stock	stock	NOUN
iiclr-17574	594	13	transactions	transaction	NOUN
iiclr-17574	594	14	,	,	PUNCT
iiclr-17574	594	15	72.1	72.1	NUM
iiclr-17574	594	16	%	%	NOUN
iiclr-17574	594	17	of	of	ADP
iiclr-17574	594	18	bond	bond	NOUN
iiclr-17574	594	19	transactions	transaction	NOUN
iiclr-17574	594	20	,	,	PUNCT
iiclr-17574	594	21	64.3	64.3	NUM
iiclr-17574	594	22	%	%	NOUN
iiclr-17574	594	23	in	in	ADP
iiclr-17574	594	24	stock	stock	NOUN
iiclr-17574	594	25	underwriting	underwriting	NOUN
iiclr-17574	594	26	,	,	PUNCT
iiclr-17574	594	27	74.1	74.1	NUM
iiclr-17574	594	28	%	%	NOUN
iiclr-17574	594	29	in	in	ADP
iiclr-17574	594	30	bond	bond	NOUN
iiclr-17574	594	31	underwriting	underwriting	NOUN
iiclr-17574	594	32	,	,	PUNCT
iiclr-17574	594	33	and	and	CCONJ
iiclr-17574	594	34	almost	almost	ADV
iiclr-17574	594	35	66	66	NUM
iiclr-17574	594	36	%	%	NOUN
iiclr-17574	594	37	of	of	ADP
iiclr-17574	594	38	pre	pre	ADJ
iiclr-17574	594	39	-	-	ADJ
iiclr-17574	594	40	tax	tax	ADJ
iiclr-17574	594	41	profits	profit	NOUN
iiclr-17574	594	42	in	in	ADP
iiclr-17574	594	43	1990	1990	NUM
iiclr-17574	594	44	.	.	PUNCT
iiclr-17574	595	1	the	the	DET
iiclr-17574	595	2	securities	security	NOUN
iiclr-17574	595	3	companies	company	NOUN
iiclr-17574	595	4	can	can	AUX
iiclr-17574	595	5	thus	thus	ADV
iiclr-17574	595	6	be	be	AUX
iiclr-17574	595	7	classified	classify	VERB
iiclr-17574	595	8	into	into	ADP
iiclr-17574	595	9	three	three	NUM
iiclr-17574	595	10	major	major	ADJ
iiclr-17574	595	11	groups	group	NOUN
iiclr-17574	595	12	:	:	PUNCT
iiclr-17574	595	13	the	the	DET
iiclr-17574	595	14	big	big	ADJ
iiclr-17574	595	15	four	four	NUM
iiclr-17574	595	16	,	,	PUNCT
iiclr-17574	595	17	a	a	DET
iiclr-17574	595	18	handful	handful	NOUN
iiclr-17574	595	19	of	of	ADP
iiclr-17574	595	20	integrated	integrated	ADJ
iiclr-17574	595	21	companies	company	NOUN
iiclr-17574	595	22	,	,	PUNCT
iiclr-17574	595	23	and	and	CCONJ
iiclr-17574	595	24	a	a	DET
iiclr-17574	595	25	large	large	ADJ
iiclr-17574	595	26	number	number	NOUN
iiclr-17574	595	27	of	of	ADP
iiclr-17574	595	28	small	small	ADJ
iiclr-17574	595	29	firms	firm	NOUN
iiclr-17574	595	30	that	that	PRON
iiclr-17574	595	31	are	be	AUX
iiclr-17574	595	32	highly	highly	ADV
iiclr-17574	595	33	specialized	specialized	ADJ
iiclr-17574	595	34	in	in	ADP
iiclr-17574	595	35	stock	stock	NOUN
iiclr-17574	595	36	brokerage	brokerage	NOUN
iiclr-17574	595	37	.	.	PUNCT
iiclr-17574	596	1	'	'	NUM
iiclr-17574	596	2	57	57	NUM
iiclr-17574	596	3	this	this	DET
iiclr-17574	596	4	cartel	cartel	NOUN
iiclr-17574	596	5	-	-	PUNCT
iiclr-17574	596	6	like	like	ADJ
iiclr-17574	596	7	environment	environment	NOUN
iiclr-17574	596	8	started	start	VERB
iiclr-17574	596	9	to	to	PART
iiclr-17574	596	10	change	change	VERB
iiclr-17574	596	11	in	in	ADP
iiclr-17574	596	12	1972	1972	NUM
iiclr-17574	596	13	with	with	ADP
iiclr-17574	596	14	the	the	DET
iiclr-17574	596	15	entry	entry	NOUN
iiclr-17574	596	16	of	of	ADP
iiclr-17574	596	17	major	major	ADJ
iiclr-17574	596	18	foreign	foreign	ADJ
iiclr-17574	596	19	securities	security	NOUN
iiclr-17574	596	20	firms	firm	NOUN
iiclr-17574	596	21	into	into	ADP
iiclr-17574	596	22	the	the	DET
iiclr-17574	596	23	securities	security	NOUN
iiclr-17574	596	24	market	market	NOUN
iiclr-17574	596	25	.	.	PUNCT
iiclr-17574	597	1	foreign	foreign	ADJ
iiclr-17574	597	2	firms	firm	NOUN
iiclr-17574	597	3	were	be	AUX
iiclr-17574	597	4	first	first	ADV
iiclr-17574	597	5	allowed	allow	VERB
iiclr-17574	597	6	to	to	PART
iiclr-17574	597	7	obtain	obtain	VERB
iiclr-17574	597	8	securities	security	NOUN
iiclr-17574	597	9	licenses	license	NOUN
iiclr-17574	597	10	in	in	ADP
iiclr-17574	597	11	1972	1972	NUM
iiclr-17574	597	12	.	.	PUNCT
iiclr-17574	597	13	'	'	PUNCT
iiclr-17574	598	1	by	by	ADP
iiclr-17574	598	2	1984	1984	NUM
iiclr-17574	598	3	,	,	PUNCT
iiclr-17574	598	4	there	there	ADV
iiclr-17574	598	5	148	148	NUM
iiclr-17574	598	6	.	.	PUNCT
iiclr-17574	599	1	suto	suto	PROPN
iiclr-17574	599	2	,	,	PUNCT
iiclr-17574	599	3	supra	supra	PROPN
iiclr-17574	599	4	note	note	NOUN
iiclr-17574	599	5	139	139	NUM
iiclr-17574	599	6	,	,	PUNCT
iiclr-17574	599	7	at	at	ADP
iiclr-17574	599	8	168	168	NUM
iiclr-17574	599	9	.	.	PUNCT
iiclr-17574	599	10	149	149	NUM
iiclr-17574	599	11	.	.	PUNCT
iiclr-17574	600	1	securities	security	NOUN
iiclr-17574	600	2	market	market	NOUN
iiclr-17574	600	3	,	,	PUNCT
iiclr-17574	600	4	supra	supra	PROPN
iiclr-17574	600	5	note	note	PROPN
iiclr-17574	600	6	142	142	NUM
iiclr-17574	600	7	,	,	PUNCT
iiclr-17574	600	8	at	at	ADP
iiclr-17574	600	9	18	18	NUM
iiclr-17574	600	10	.	.	PUNCT
iiclr-17574	600	11	150	150	NUM
iiclr-17574	600	12	.	.	PUNCT
iiclr-17574	601	1	suto	suto	PROPN
iiclr-17574	601	2	,	,	PUNCT
iiclr-17574	601	3	supra	supra	PROPN
iiclr-17574	601	4	note	note	NOUN
iiclr-17574	601	5	139	139	NUM
iiclr-17574	601	6	,	,	PUNCT
iiclr-17574	601	7	at	at	ADP
iiclr-17574	601	8	168	168	NUM
iiclr-17574	601	9	.	.	PUNCT
iiclr-17574	602	1	151	151	NUM
iiclr-17574	602	2	.	.	PUNCT
iiclr-17574	603	1	i	i	PRON
iiclr-17574	603	2	d.	d.	PROPN
iiclr-17574	603	3	152	152	NUM
iiclr-17574	603	4	.	.	PUNCT
iiclr-17574	604	1	i	i	PRON
iiclr-17574	604	2	d.	d.	PROPN
iiclr-17574	604	3	at	at	ADP
iiclr-17574	604	4	180	180	NUM
iiclr-17574	604	5	.	.	NUM
iiclr-17574	604	6	153	153	NUM
iiclr-17574	604	7	.	.	PUNCT
iiclr-17574	605	1	i	i	PRON
iiclr-17574	605	2	d.	d.	PROPN
iiclr-17574	605	3	at	at	ADP
iiclr-17574	605	4	181	181	NUM
iiclr-17574	605	5	.	.	PUNCT
iiclr-17574	606	1	154	154	NUM
iiclr-17574	606	2	.	.	PUNCT
iiclr-17574	606	3	noboru	noboru	NOUN
iiclr-17574	606	4	tanabe	tanabe	PROPN
iiclr-17574	606	5	,	,	PUNCT
iiclr-17574	606	6	japan	japan	PROPN
iiclr-17574	606	7	's	's	PART
iiclr-17574	606	8	investment	investment	NOUN
iiclr-17574	606	9	trust	trust	NOUN
iiclr-17574	606	10	:	:	PUNCT
iiclr-17574	606	11	a	a	DET
iiclr-17574	606	12	vehicle	vehicle	NOUN
iiclr-17574	606	13	of	of	ADP
iiclr-17574	606	14	savings	saving	NOUN
iiclr-17574	606	15	for	for	ADP
iiclr-17574	606	16	tomorrow	tomorrow	NOUN
iiclr-17574	606	17	,	,	PUNCT
iiclr-17574	606	18	2	2	NUM
iiclr-17574	606	19	ind	ind	NOUN
iiclr-17574	606	20	.	.	PUNCT
iiclr-17574	607	1	int'l	int'l	PROPN
iiclr-17574	607	2	&	&	CCONJ
iiclr-17574	607	3	comp	comp	PROPN
iiclr-17574	607	4	.	.	PUNCT
iiclr-17574	608	1	l.	l.	PROPN
iiclr-17574	608	2	rev	rev	PROPN
iiclr-17574	608	3	.	.	PROPN
iiclr-17574	608	4	385	385	NUM
iiclr-17574	608	5	(	(	PUNCT
iiclr-17574	608	6	1992	1992	NUM
iiclr-17574	608	7	)	)	PUNCT
iiclr-17574	608	8	.	.	PUNCT
iiclr-17574	609	1	155	155	NUM
iiclr-17574	609	2	.	.	PUNCT
iiclr-17574	609	3	suto	suto	PROPN
iiclr-17574	609	4	,	,	PUNCT
iiclr-17574	609	5	supra	supra	PROPN
iiclr-17574	609	6	note	note	NOUN
iiclr-17574	609	7	139	139	NUM
iiclr-17574	609	8	,	,	PUNCT
iiclr-17574	609	9	at	at	ADP
iiclr-17574	609	10	169	169	NUM
iiclr-17574	609	11	.	.	PUNCT
iiclr-17574	609	12	156	156	NUM
iiclr-17574	609	13	.	.	PUNCT
iiclr-17574	610	1	i	i	PRON
iiclr-17574	610	2	d.	d.	PROPN
iiclr-17574	610	3	at	at	ADP
iiclr-17574	610	4	175	175	NUM
iiclr-17574	610	5	.	.	PUNCT
iiclr-17574	611	1	157	157	NUM
iiclr-17574	611	2	.	.	PUNCT
iiclr-17574	612	1	i	i	PRON
iiclr-17574	612	2	d.	d.	PROPN
iiclr-17574	612	3	158	158	NUM
iiclr-17574	612	4	.	.	PUNCT
iiclr-17574	613	1	i	i	PRON
iiclr-17574	613	2	d.	d.	PROPN
iiclr-17574	613	3	at	at	ADP
iiclr-17574	613	4	178	178	NUM
iiclr-17574	613	5	.	.	PUNCT
iiclr-17574	614	1	1995	1995	NUM
iiclr-17574	614	2	]	]	X
iiclr-17574	614	3	ind	ind	NOUN
iiclr-17574	614	4	.	.	PUNCT
iiclr-17574	615	1	int'l	int'l	PROPN
iiclr-17574	615	2	&	&	CCONJ
iiclr-17574	615	3	comp	comp	PROPN
iiclr-17574	615	4	.	.	PUNCT
iiclr-17574	616	1	l.	l.	PROPN
iiclr-17574	616	2	rev	rev	PROPN
iiclr-17574	616	3	.	.	PROPN
iiclr-17574	617	1	were	be	AUX
iiclr-17574	617	2	ten	ten	NUM
iiclr-17574	617	3	foreign	foreign	ADJ
iiclr-17574	617	4	firms	firm	NOUN
iiclr-17574	617	5	operating	operate	VERB
iiclr-17574	617	6	in	in	ADP
iiclr-17574	617	7	japan	japan	PROPN
iiclr-17574	617	8	.	.	PUNCT
iiclr-17574	618	1	as	as	ADP
iiclr-17574	618	2	of	of	ADP
iiclr-17574	618	3	march	march	PROPN
iiclr-17574	618	4	1991	1991	NUM
iiclr-17574	618	5	,	,	PUNCT
iiclr-17574	618	6	there	there	PRON
iiclr-17574	618	7	were	be	VERB
iiclr-17574	618	8	fifty	fifty	NUM
iiclr-17574	618	9	-	-	PUNCT
iiclr-17574	618	10	two	two	NUM
iiclr-17574	618	11	foreign	foreign	ADJ
iiclr-17574	618	12	firms	firm	NOUN
iiclr-17574	618	13	operating	operate	VERB
iiclr-17574	618	14	in	in	ADP
iiclr-17574	618	15	japan	japan	PROPN
iiclr-17574	618	16	,	,	PUNCT
iiclr-17574	618	17	twenty	twenty	NUM
iiclr-17574	618	18	-	-	PUNCT
iiclr-17574	618	19	five	five	NUM
iiclr-17574	618	20	of	of	ADP
iiclr-17574	618	21	which	which	PRON
iiclr-17574	618	22	were	be	AUX
iiclr-17574	618	23	members	member	NOUN
iiclr-17574	618	24	of	of	ADP
iiclr-17574	618	25	the	the	DET
iiclr-17574	618	26	tokyo	tokyo	PROPN
iiclr-17574	618	27	stock	stock	NOUN
iiclr-17574	618	28	exchange	exchange	NOUN
iiclr-17574	618	29	.	.	PUNCT
iiclr-17574	619	1	59	59	NUM
iiclr-17574	619	2	despite	despite	SCONJ
iiclr-17574	619	3	a	a	DET
iiclr-17574	619	4	few	few	ADJ
iiclr-17574	619	5	exceptions	exception	NOUN
iiclr-17574	619	6	on	on	ADP
iiclr-17574	619	7	direct	direct	ADJ
iiclr-17574	619	8	sale	sale	NOUN
iiclr-17574	619	9	transactions	transaction	NOUN
iiclr-17574	619	10	,	,	PUNCT
iiclr-17574	619	11	only	only	ADV
iiclr-17574	619	12	securities	security	NOUN
iiclr-17574	619	13	firms	firm	NOUN
iiclr-17574	619	14	may	may	AUX
iiclr-17574	619	15	market	market	VERB
iiclr-17574	619	16	securities	security	NOUN
iiclr-17574	619	17	products	product	NOUN
iiclr-17574	619	18	in	in	ADP
iiclr-17574	619	19	japan	japan	PROPN
iiclr-17574	619	20	.	.	PUNCT
iiclr-17574	620	1	6	6	NUM
iiclr-17574	620	2	under	under	ADP
iiclr-17574	620	3	article	article	NOUN
iiclr-17574	620	4	2(8	2(8	NUM
iiclr-17574	620	5	)	)	PUNCT
iiclr-17574	620	6	of	of	ADP
iiclr-17574	620	7	the	the	DET
iiclr-17574	620	8	securities	security	NOUN
iiclr-17574	620	9	and	and	CCONJ
iiclr-17574	620	10	exchange	exchange	PROPN
iiclr-17574	620	11	law	law	NOUN
iiclr-17574	620	12	,	,	PUNCT
iiclr-17574	620	13	a	a	DET
iiclr-17574	620	14	u.s	u.s	PROPN
iiclr-17574	620	15	.	.	PROPN
iiclr-17574	620	16	mutual	mutual	ADJ
iiclr-17574	620	17	fund	fund	NOUN
iiclr-17574	620	18	is	be	AUX
iiclr-17574	620	19	classified	classify	VERB
iiclr-17574	620	20	as	as	ADP
iiclr-17574	620	21	a	a	DET
iiclr-17574	620	22	foreign	foreign	ADJ
iiclr-17574	620	23	security	security	NOUN
iiclr-17574	620	24	,	,	PUNCT
iiclr-17574	620	25	and	and	CCONJ
iiclr-17574	620	26	,	,	PUNCT
iiclr-17574	620	27	as	as	ADP
iiclr-17574	620	28	such	such	ADJ
iiclr-17574	620	29	,	,	PUNCT
iiclr-17574	620	30	is	be	AUX
iiclr-17574	620	31	subject	subject	ADJ
iiclr-17574	620	32	to	to	ADP
iiclr-17574	620	33	the	the	DET
iiclr-17574	620	34	provisions	provision	NOUN
iiclr-17574	620	35	of	of	ADP
iiclr-17574	620	36	the	the	DET
iiclr-17574	620	37	securities	security	NOUN
iiclr-17574	620	38	and	and	CCONJ
iiclr-17574	620	39	exchange	exchange	PROPN
iiclr-17574	620	40	law	law	NOUN
iiclr-17574	620	41	.	.	PUNCT
iiclr-17574	621	1	'6	'6	PROPN
iiclr-17574	621	2	'	'	PUNCT
iiclr-17574	621	3	since	since	SCONJ
iiclr-17574	621	4	foreign	foreign	ADJ
iiclr-17574	621	5	securities	security	NOUN
iiclr-17574	621	6	firms	firm	NOUN
iiclr-17574	621	7	generally	generally	ADV
iiclr-17574	621	8	lack	lack	VERB
iiclr-17574	621	9	retail	retail	ADJ
iiclr-17574	621	10	networks	network	NOUN
iiclr-17574	621	11	in	in	ADP
iiclr-17574	621	12	japan	japan	PROPN
iiclr-17574	621	13	,	,	PUNCT
iiclr-17574	621	14	foreign	foreign	ADJ
iiclr-17574	621	15	investment	investment	NOUN
iiclr-17574	621	16	trust	trust	NOUN
iiclr-17574	621	17	management	management	NOUN
iiclr-17574	621	18	companies	company	NOUN
iiclr-17574	621	19	must	must	AUX
iiclr-17574	621	20	market	market	VERB
iiclr-17574	621	21	their	their	PRON
iiclr-17574	621	22	products	product	NOUN
iiclr-17574	621	23	through	through	ADP
iiclr-17574	621	24	japanese	japanese	ADJ
iiclr-17574	621	25	security	security	NOUN
iiclr-17574	621	26	firms	firm	NOUN
iiclr-17574	621	27	.	.	PUNCT
iiclr-17574	622	1	these	these	DET
iiclr-17574	622	2	firms	firm	NOUN
iiclr-17574	622	3	typically	typically	ADV
iiclr-17574	622	4	are	be	AUX
iiclr-17574	622	5	the	the	DET
iiclr-17574	622	6	parent	parent	NOUN
iiclr-17574	622	7	companies	company	NOUN
iiclr-17574	622	8	of	of	ADP
iiclr-17574	622	9	japanese	japanese	ADJ
iiclr-17574	622	10	investment	investment	NOUN
iiclr-17574	622	11	trusts	trust	NOUN
iiclr-17574	622	12	.	.	PUNCT
iiclr-17574	623	1	as	as	ADP
iiclr-17574	623	2	such	such	ADJ
iiclr-17574	623	3	,	,	PUNCT
iiclr-17574	623	4	for	for	ADP
iiclr-17574	623	5	all	all	DET
iiclr-17574	623	6	practical	practical	ADJ
iiclr-17574	623	7	purposes	purpose	NOUN
iiclr-17574	623	8	,	,	PUNCT
iiclr-17574	623	9	u.s	u.s	PROPN
iiclr-17574	623	10	.	.	PROPN
iiclr-17574	623	11	mutual	mutual	ADJ
iiclr-17574	623	12	fund	fund	NOUN
iiclr-17574	623	13	companies	company	NOUN
iiclr-17574	623	14	must	must	AUX
iiclr-17574	623	15	employ	employ	VERB
iiclr-17574	623	16	competitors	competitor	NOUN
iiclr-17574	623	17	if	if	SCONJ
iiclr-17574	623	18	their	their	PRON
iiclr-17574	623	19	products	product	NOUN
iiclr-17574	623	20	are	be	AUX
iiclr-17574	623	21	to	to	PART
iiclr-17574	623	22	reach	reach	VERB
iiclr-17574	623	23	a	a	DET
iiclr-17574	623	24	broader	broad	ADJ
iiclr-17574	623	25	investing	invest	VERB
iiclr-17574	623	26	public	public	ADJ
iiclr-17574	623	27	.	.	PUNCT
iiclr-17574	624	1	'62	'62	PROPN
iiclr-17574	624	2	b.	b.	PROPN
iiclr-17574	624	3	the	the	DET
iiclr-17574	624	4	japanese	japanese	ADJ
iiclr-17574	624	5	investment	investment	PROPN
iiclr-17574	624	6	trust	trust	NOUN
iiclr-17574	624	7	management	management	NOUN
iiclr-17574	624	8	business	business	NOUN
iiclr-17574	624	9	the	the	DET
iiclr-17574	624	10	japanese	japanese	ADJ
iiclr-17574	624	11	investment	investment	NOUN
iiclr-17574	624	12	trust	trust	PROPN
iiclr-17574	624	13	management	management	NOUN
iiclr-17574	624	14	business	business	NOUN
iiclr-17574	624	15	,	,	PUNCT
iiclr-17574	624	16	like	like	ADP
iiclr-17574	624	17	the	the	DET
iiclr-17574	624	18	securities	security	NOUN
iiclr-17574	624	19	business	business	NOUN
iiclr-17574	624	20	,	,	PUNCT
iiclr-17574	624	21	was	be	AUX
iiclr-17574	624	22	traditionally	traditionally	ADV
iiclr-17574	624	23	shielded	shield	VERB
iiclr-17574	624	24	from	from	ADP
iiclr-17574	624	25	foreign	foreign	ADJ
iiclr-17574	624	26	competition	competition	NOUN
iiclr-17574	624	27	.	.	PUNCT
iiclr-17574	625	1	as	as	ADP
iiclr-17574	625	2	such	such	ADJ
iiclr-17574	625	3	,	,	PUNCT
iiclr-17574	625	4	these	these	DET
iiclr-17574	625	5	funds	fund	NOUN
iiclr-17574	625	6	initially	initially	ADV
iiclr-17574	625	7	experienced	experience	VERB
iiclr-17574	625	8	phenomenal	phenomenal	ADJ
iiclr-17574	625	9	growth	growth	NOUN
iiclr-17574	625	10	,	,	PUNCT
iiclr-17574	625	11	but	but	CCONJ
iiclr-17574	625	12	recently	recently	ADV
iiclr-17574	625	13	have	have	AUX
iiclr-17574	625	14	suffered	suffer	VERB
iiclr-17574	625	15	the	the	DET
iiclr-17574	625	16	effects	effect	NOUN
iiclr-17574	625	17	of	of	ADP
iiclr-17574	625	18	not	not	PART
iiclr-17574	625	19	conforming	conform	VERB
iiclr-17574	625	20	to	to	ADP
iiclr-17574	625	21	the	the	DET
iiclr-17574	625	22	western	western	ADJ
iiclr-17574	625	23	world	world	NOUN
iiclr-17574	625	24	of	of	ADP
iiclr-17574	625	25	disclosure	disclosure	NOUN
iiclr-17574	625	26	.	.	PUNCT
iiclr-17574	626	1	unlike	unlike	ADP
iiclr-17574	626	2	their	their	PRON
iiclr-17574	626	3	american	american	ADJ
iiclr-17574	626	4	counterparts	counterpart	NOUN
iiclr-17574	626	5	,	,	PUNCT
iiclr-17574	626	6	japanese	japanese	ADJ
iiclr-17574	626	7	investment	investment	NOUN
iiclr-17574	626	8	trusts	trust	NOUN
iiclr-17574	626	9	have	have	AUX
iiclr-17574	626	10	experienced	experience	VERB
iiclr-17574	626	11	a	a	DET
iiclr-17574	626	12	four	four	NUM
iiclr-17574	626	13	-	-	PUNCT
iiclr-17574	626	14	year	year	NOUN
iiclr-17574	626	15	decline	decline	NOUN
iiclr-17574	626	16	in	in	ADP
iiclr-17574	626	17	size	size	NOUN
iiclr-17574	626	18	and	and	CCONJ
iiclr-17574	626	19	annual	annual	ADJ
iiclr-17574	626	20	return	return	NOUN
iiclr-17574	626	21	.	.	PUNCT
iiclr-17574	627	1	6	6	NUM
iiclr-17574	627	2	this	this	DET
iiclr-17574	627	3	decline	decline	NOUN
iiclr-17574	627	4	has	have	AUX
iiclr-17574	627	5	been	be	AUX
iiclr-17574	627	6	attributed	attribute	VERB
iiclr-17574	627	7	to	to	ADP
iiclr-17574	627	8	the	the	DET
iiclr-17574	627	9	japanese	japanese	ADJ
iiclr-17574	627	10	investment	investment	NOUN
iiclr-17574	627	11	trust	trust	NOUN
iiclr-17574	627	12	industry	industry	NOUN
iiclr-17574	627	13	's	's	PART
iiclr-17574	627	14	reluctance	reluctance	NOUN
iiclr-17574	627	15	to	to	PART
iiclr-17574	627	16	construct	construct	VERB
iiclr-17574	627	17	a	a	DET
iiclr-17574	627	18	useful	useful	ADJ
iiclr-17574	627	19	data	datum	NOUN
iiclr-17574	627	20	159	159	NUM
iiclr-17574	627	21	.	.	PUNCT
iiclr-17574	628	1	i	i	PRON
iiclr-17574	628	2	d.	d.	PROPN
iiclr-17574	628	3	160	160	NUM
iiclr-17574	628	4	.	.	PUNCT
iiclr-17574	629	1	securities	security	NOUN
iiclr-17574	629	2	and	and	CCONJ
iiclr-17574	629	3	exchange	exchange	PROPN
iiclr-17574	629	4	law	law	NOUN
iiclr-17574	629	5	(	(	PUNCT
iiclr-17574	629	6	law	law	NOUN
iiclr-17574	629	7	no	no	NOUN
iiclr-17574	629	8	.	.	PROPN
iiclr-17574	629	9	25	25	NUM
iiclr-17574	629	10	)	)	PUNCT
iiclr-17574	629	11	,	,	PUNCT
iiclr-17574	629	12	ch	ch	NOUN
iiclr-17574	629	13	.	.	PROPN
iiclr-17574	629	14	5	5	NUM
iiclr-17574	629	15	,	,	PUNCT
iiclr-17574	629	16	art	art	NOUN
iiclr-17574	629	17	.	.	PUNCT
iiclr-17574	630	1	81	81	NUM
iiclr-17574	630	2	(	(	PUNCT
iiclr-17574	630	3	apr	apr	NOUN
iiclr-17574	630	4	.	.	PROPN
iiclr-17574	630	5	13	13	NUM
iiclr-17574	630	6	,	,	PUNCT
iiclr-17574	630	7	1948	1948	NUM
iiclr-17574	630	8	,	,	PUNCT
iiclr-17574	630	9	as	as	SCONJ
iiclr-17574	630	10	amended	amend	VERB
iiclr-17574	630	11	to	to	ADP
iiclr-17574	630	12	june	june	PROPN
iiclr-17574	630	13	9	9	NUM
iiclr-17574	630	14	,	,	PUNCT
iiclr-17574	630	15	1981	1981	NUM
iiclr-17574	630	16	)	)	PUNCT
iiclr-17574	630	17	(	(	PUNCT
iiclr-17574	630	18	japan	japan	PROPN
iiclr-17574	630	19	)	)	PUNCT
iiclr-17574	631	1	[	[	X
iiclr-17574	631	2	hereinafter	hereinafter	NOUN
iiclr-17574	631	3	japanese	japanese	ADJ
iiclr-17574	631	4	securities	securities	PROPN
iiclr-17574	631	5	and	and	CCONJ
iiclr-17574	631	6	exchange	exchange	NOUN
iiclr-17574	631	7	law	law	NOUN
iiclr-17574	631	8	]	]	PUNCT
iiclr-17574	631	9	.	.	PUNCT
iiclr-17574	632	1	article	article	NOUN
iiclr-17574	632	2	81	81	NUM
iiclr-17574	632	3	provides	provide	VERB
iiclr-17574	632	4	,	,	PUNCT
iiclr-17574	632	5	in	in	ADP
iiclr-17574	632	6	pertinent	pertinent	ADJ
iiclr-17574	632	7	part	part	NOUN
iiclr-17574	632	8	,	,	PUNCT
iiclr-17574	632	9	that	that	SCONJ
iiclr-17574	632	10	"	"	PUNCT
iiclr-17574	632	11	no	no	DET
iiclr-17574	632	12	securities	security	NOUN
iiclr-17574	632	13	exchange	exchange	NOUN
iiclr-17574	632	14	may	may	AUX
iiclr-17574	632	15	be	be	AUX
iiclr-17574	632	16	established	establish	VERB
iiclr-17574	632	17	by	by	ADP
iiclr-17574	632	18	any	any	DET
iiclr-17574	632	19	person	person	NOUN
iiclr-17574	632	20	other	other	ADJ
iiclr-17574	632	21	than	than	ADP
iiclr-17574	632	22	securities	security	NOUN
iiclr-17574	632	23	corporations	corporation	NOUN
iiclr-17574	632	24	.	.	PUNCT
iiclr-17574	632	25	"	"	PUNCT
iiclr-17574	633	1	i	i	PRON
iiclr-17574	633	2	d.	d.	PROPN
iiclr-17574	633	3	161	161	NUM
iiclr-17574	633	4	.	.	PUNCT
iiclr-17574	634	1	i	i	PRON
iiclr-17574	634	2	d.	d.	PROPN
iiclr-17574	634	3	at	at	ADP
iiclr-17574	634	4	art	art	NOUN
iiclr-17574	634	5	.	.	PUNCT
iiclr-17574	635	1	2(8	2(8	NUM
iiclr-17574	635	2	)	)	PUNCT
iiclr-17574	635	3	.	.	PUNCT
iiclr-17574	636	1	the	the	DET
iiclr-17574	636	2	rule	rule	NOUN
iiclr-17574	636	3	provides	provide	VERB
iiclr-17574	636	4	that	that	SCONJ
iiclr-17574	636	5	securities	security	NOUN
iiclr-17574	636	6	or	or	CCONJ
iiclr-17574	636	7	certificates	certificate	NOUN
iiclr-17574	636	8	issued	issue	VERB
iiclr-17574	636	9	by	by	ADP
iiclr-17574	636	10	foreign	foreign	ADJ
iiclr-17574	636	11	countries	country	NOUN
iiclr-17574	636	12	or	or	CCONJ
iiclr-17574	636	13	foreignjuridical	foreignjuridical	ADJ
iiclr-17574	636	14	persons	person	NOUN
iiclr-17574	636	15	constitute	constitute	VERB
iiclr-17574	636	16	securities	security	NOUN
iiclr-17574	636	17	referred	refer	VERB
iiclr-17574	636	18	to	to	ADP
iiclr-17574	636	19	in	in	ADP
iiclr-17574	636	20	the	the	DET
iiclr-17574	636	21	securities	security	NOUN
iiclr-17574	636	22	and	and	CCONJ
iiclr-17574	636	23	exchange	exchange	PROPN
iiclr-17574	636	24	law	law	NOUN
iiclr-17574	636	25	.	.	PUNCT
iiclr-17574	637	1	i	i	PRON
iiclr-17574	637	2	d.	d.	PROPN
iiclr-17574	637	3	162	162	NUM
iiclr-17574	637	4	.	.	PUNCT
iiclr-17574	638	1	japanese	japanese	ADJ
iiclr-17574	638	2	securities	securities	PROPN
iiclr-17574	638	3	and	and	CCONJ
iiclr-17574	638	4	exchange	exchange	NOUN
iiclr-17574	638	5	law	law	NOUN
iiclr-17574	638	6	,	,	PUNCT
iiclr-17574	638	7	supra	supra	PROPN
iiclr-17574	638	8	note	note	PROPN
iiclr-17574	638	9	160	160	NUM
iiclr-17574	638	10	,	,	PUNCT
iiclr-17574	638	11	art	art	NOUN
iiclr-17574	638	12	.	.	PUNCT
iiclr-17574	639	1	2	2	X
iiclr-17574	639	2	.	.	X
iiclr-17574	639	3	the	the	DET
iiclr-17574	639	4	japanese	japanese	ADJ
iiclr-17574	639	5	securities	securities	PROPN
iiclr-17574	639	6	and	and	CCONJ
iiclr-17574	639	7	exchange	exchange	NOUN
iiclr-17574	639	8	law	law	NOUN
iiclr-17574	639	9	originally	originally	ADV
iiclr-17574	639	10	contained	contain	VERB
iiclr-17574	639	11	no	no	DET
iiclr-17574	639	12	provision	provision	NOUN
iiclr-17574	639	13	that	that	PRON
iiclr-17574	639	14	controlled	control	VERB
iiclr-17574	639	15	distribution	distribution	NOUN
iiclr-17574	639	16	of	of	ADP
iiclr-17574	639	17	foreign	foreign	ADJ
iiclr-17574	639	18	shares	share	NOUN
iiclr-17574	639	19	in	in	ADP
iiclr-17574	639	20	japan	japan	PROPN
iiclr-17574	639	21	.	.	PUNCT
iiclr-17574	640	1	since	since	SCONJ
iiclr-17574	640	2	1971	1971	NUM
iiclr-17574	640	3	,	,	PUNCT
iiclr-17574	640	4	however	however	ADV
iiclr-17574	640	5	,	,	PUNCT
iiclr-17574	640	6	the	the	DET
iiclr-17574	640	7	foreign	foreign	ADJ
iiclr-17574	640	8	securities	security	NOUN
iiclr-17574	640	9	or	or	CCONJ
iiclr-17574	640	10	certificates	certificate	NOUN
iiclr-17574	640	11	have	have	AUX
iiclr-17574	640	12	been	be	AUX
iiclr-17574	640	13	defined	define	VERB
iiclr-17574	640	14	as	as	ADP
iiclr-17574	640	15	"	"	PUNCT
iiclr-17574	640	16	securities	security	NOUN
iiclr-17574	640	17	"	"	PUNCT
iiclr-17574	640	18	under	under	ADP
iiclr-17574	640	19	article	article	NOUN
iiclr-17574	640	20	2	2	NUM
iiclr-17574	640	21	,	,	PUNCT
iiclr-17574	640	22	and	and	CCONJ
iiclr-17574	640	23	,	,	PUNCT
iiclr-17574	640	24	as	as	ADP
iiclr-17574	640	25	such	such	ADJ
iiclr-17574	640	26	,	,	PUNCT
iiclr-17574	640	27	may	may	AUX
iiclr-17574	640	28	only	only	ADV
iiclr-17574	640	29	be	be	AUX
iiclr-17574	640	30	exchanged	exchange	VERB
iiclr-17574	640	31	by	by	ADP
iiclr-17574	640	32	lic.ensed	lic.ense	VERB
iiclr-17574	640	33	securities	security	NOUN
iiclr-17574	640	34	corporations	corporation	NOUN
iiclr-17574	640	35	pursuant	pursuant	VERB
iiclr-17574	640	36	to	to	ADP
iiclr-17574	640	37	article	article	NOUN
iiclr-17574	640	38	81	81	NUM
iiclr-17574	640	39	.	.	PUNCT
iiclr-17574	641	1	under	under	ADP
iiclr-17574	641	2	the	the	DET
iiclr-17574	641	3	agreement	agreement	NOUN
iiclr-17574	641	4	reached	reach	VERB
iiclr-17574	641	5	between	between	ADP
iiclr-17574	641	6	the	the	DET
iiclr-17574	641	7	united	united	PROPN
iiclr-17574	641	8	states	states	PROPN
iiclr-17574	641	9	and	and	CCONJ
iiclr-17574	641	10	japan	japan	PROPN
iiclr-17574	641	11	on	on	ADP
iiclr-17574	641	12	january	january	PROPN
iiclr-17574	641	13	10	10	NUM
iiclr-17574	641	14	,	,	PUNCT
iiclr-17574	641	15	1995	1995	NUM
iiclr-17574	641	16	,	,	PUNCT
iiclr-17574	641	17	greater	great	ADJ
iiclr-17574	641	18	opportunities	opportunity	NOUN
iiclr-17574	641	19	for	for	ADP
iiclr-17574	641	20	the	the	DET
iiclr-17574	641	21	retailing	retailing	NOUN
iiclr-17574	641	22	of	of	ADP
iiclr-17574	641	23	investment	investment	NOUN
iiclr-17574	641	24	trust	trust	NOUN
iiclr-17574	641	25	products	product	NOUN
iiclr-17574	641	26	were	be	AUX
iiclr-17574	641	27	created	create	VERB
iiclr-17574	641	28	.	.	PUNCT
iiclr-17574	642	1	specifically	specifically	ADV
iiclr-17574	642	2	,	,	PUNCT
iiclr-17574	642	3	japan	japan	PROPN
iiclr-17574	642	4	confirmed	confirm	VERB
iiclr-17574	642	5	that	that	SCONJ
iiclr-17574	642	6	"	"	PUNCT
iiclr-17574	642	7	securities	security	NOUN
iiclr-17574	642	8	subsidiaries	subsidiary	NOUN
iiclr-17574	642	9	of	of	ADP
iiclr-17574	642	10	commercial	commercial	ADJ
iiclr-17574	642	11	banks	bank	NOUN
iiclr-17574	642	12	are	be	AUX
iiclr-17574	642	13	permitted	permit	VERB
iiclr-17574	642	14	to	to	PART
iiclr-17574	642	15	sell	sell	VERB
iiclr-17574	642	16	investment	investment	NOUN
iiclr-17574	642	17	trust	trust	NOUN
iiclr-17574	642	18	products	product	NOUN
iiclr-17574	642	19	,	,	PUNCT
iiclr-17574	642	20	and	and	CCONJ
iiclr-17574	642	21	that	that	SCONJ
iiclr-17574	642	22	investment	investment	NOUN
iiclr-17574	642	23	trust	trust	NOUN
iiclr-17574	642	24	management	management	NOUN
iiclr-17574	642	25	companies	company	NOUN
iiclr-17574	642	26	are	be	AUX
iiclr-17574	642	27	permitted	permit	VERB
iiclr-17574	642	28	to	to	PART
iiclr-17574	642	29	sell	sell	VERB
iiclr-17574	642	30	such	such	ADJ
iiclr-17574	642	31	products	product	NOUN
iiclr-17574	642	32	directly	directly	ADV
iiclr-17574	642	33	...	...	PUNCT
iiclr-17574	642	34	.	.	PUNCT
iiclr-17574	642	35	"	"	PUNCT
iiclr-17574	643	1	joint	joint	ADJ
iiclr-17574	643	2	statement	statement	NOUN
iiclr-17574	643	3	on	on	ADP
iiclr-17574	643	4	the	the	DET
iiclr-17574	643	5	unrred	unrred	ADJ
iiclr-17574	643	6	statesjapan	statesjapan	NOUN
iiclr-17574	643	7	framework	framework	NOUN
iiclr-17574	643	8	for	for	ADP
iiclr-17574	643	9	a	a	DET
iiclr-17574	643	10	new	new	ADJ
iiclr-17574	643	11	economic	economic	ADJ
iiclr-17574	643	12	partnership	partnership	NOUN
iiclr-17574	643	13	,	,	PUNCT
iiclr-17574	643	14	measures	measure	NOUN
iiclr-17574	643	15	by	by	ADP
iiclr-17574	643	16	the	the	DET
iiclr-17574	643	17	government	government	NOUN
iiclr-17574	643	18	of	of	ADP
iiclr-17574	643	19	the	the	DET
iiclr-17574	643	20	united	united	PROPN
iiclr-17574	643	21	states	states	PROPN
iiclr-17574	643	22	and	and	CCONJ
iiclr-17574	643	23	the	the	DET
iiclr-17574	643	24	government	government	NOUN
iiclr-17574	643	25	of	of	ADP
iiclr-17574	643	26	japan	japan	PROPN
iiclr-17574	643	27	regarding	regard	VERB
iiclr-17574	643	28	financial	financial	ADJ
iiclr-17574	643	29	services	service	NOUN
iiclr-17574	643	30	12	12	NUM
iiclr-17574	643	31	(	(	PUNCT
iiclr-17574	643	32	1995	1995	NUM
iiclr-17574	643	33	)	)	PUNCT
iiclr-17574	644	1	[	[	X
iiclr-17574	644	2	hereinafter	hereinafter	NOUN
iiclr-17574	644	3	joint	joint	ADJ
iiclr-17574	644	4	statement	statement	NOUN
iiclr-17574	644	5	]	]	PUNCT
iiclr-17574	644	6	(	(	PUNCT
iiclr-17574	644	7	on	on	ADP
iiclr-17574	644	8	file	file	NOUN
iiclr-17574	644	9	with	with	ADP
iiclr-17574	644	10	ind	ind	NOUN
iiclr-17574	644	11	.	.	PUNCT
iiclr-17574	645	1	int'l	int'l	PROPN
iiclr-17574	645	2	&	&	CCONJ
iiclr-17574	645	3	comp	comp	PROPN
iiclr-17574	645	4	.	.	PUNCT
iiclr-17574	646	1	l.	l.	PROPN
iiclr-17574	646	2	rev	rev	PROPN
iiclr-17574	646	3	.	.	PROPN
iiclr-17574	646	4	)	)	PUNCT
iiclr-17574	646	5	.	.	PUNCT
iiclr-17574	647	1	163	163	NUM
iiclr-17574	647	2	.	.	PUNCT
iiclr-17574	648	1	sterngold	sterngold	VERB
iiclr-17574	648	2	,	,	PUNCT
iiclr-17574	648	3	supra	supra	PROPN
iiclr-17574	648	4	note	note	NOUN
iiclr-17574	648	5	14	14	NUM
iiclr-17574	648	6	.	.	PUNCT
iiclr-17574	649	1	[	[	X
iiclr-17574	649	2	vol	vol	NOUN
iiclr-17574	649	3	.	.	PUNCT
iiclr-17574	649	4	5:2	5:2	NUM
iiclr-17574	649	5	mutual	mutual	ADJ
iiclr-17574	649	6	fund	fund	NOUN
iiclr-17574	649	7	emergence	emergence	NOUN
iiclr-17574	649	8	base	base	NOUN
iiclr-17574	649	9	for	for	ADP
iiclr-17574	649	10	comparing	compare	VERB
iiclr-17574	649	11	the	the	DET
iiclr-17574	649	12	funds	fund	NOUN
iiclr-17574	649	13	'	'	PART
iiclr-17574	649	14	present	present	ADJ
iiclr-17574	649	15	performance	performance	NOUN
iiclr-17574	649	16	to	to	ADP
iiclr-17574	649	17	their	their	PRON
iiclr-17574	649	18	past	past	ADJ
iiclr-17574	649	19	performance	performance	NOUN
iiclr-17574	649	20	.	.	PUNCT
iiclr-17574	649	21	'	'	PUNCT
iiclr-17574	650	1	"	"	PUNCT
iiclr-17574	650	2	japanese	japanese	ADJ
iiclr-17574	650	3	investors	investor	NOUN
iiclr-17574	650	4	have	have	AUX
iiclr-17574	650	5	been	be	AUX
iiclr-17574	650	6	expected	expect	VERB
iiclr-17574	650	7	to	to	PART
iiclr-17574	650	8	invest	invest	VERB
iiclr-17574	650	9	on	on	ADP
iiclr-17574	650	10	faith	faith	NOUN
iiclr-17574	650	11	and	and	CCONJ
iiclr-17574	650	12	not	not	PART
iiclr-17574	650	13	knowledge	knowledge	NOUN
iiclr-17574	650	14	.	.	PUNCT
iiclr-17574	651	1	this	this	DET
iiclr-17574	651	2	situation	situation	NOUN
iiclr-17574	651	3	of	of	ADP
iiclr-17574	651	4	blind	blind	ADJ
iiclr-17574	651	5	investment	investment	NOUN
iiclr-17574	651	6	will	will	AUX
iiclr-17574	651	7	reverse	reverse	VERB
iiclr-17574	651	8	when	when	SCONJ
iiclr-17574	651	9	japanese	japanese	ADJ
iiclr-17574	651	10	nationals	national	NOUN
iiclr-17574	651	11	have	have	VERB
iiclr-17574	651	12	access	access	NOUN
iiclr-17574	651	13	to	to	ADP
iiclr-17574	651	14	the	the	DET
iiclr-17574	651	15	same	same	ADJ
iiclr-17574	651	16	type	type	NOUN
iiclr-17574	651	17	of	of	ADP
iiclr-17574	651	18	information	information	NOUN
iiclr-17574	651	19	that	that	PRON
iiclr-17574	651	20	american	american	PROPN
iiclr-17574	651	21	and	and	CCONJ
iiclr-17574	651	22	other	other	ADJ
iiclr-17574	651	23	foreign	foreign	ADJ
iiclr-17574	651	24	investors	investor	NOUN
iiclr-17574	651	25	have	have	VERB
iiclr-17574	651	26	at	at	ADP
iiclr-17574	651	27	their	their	PRON
iiclr-17574	651	28	disposal	disposal	NOUN
iiclr-17574	651	29	.	.	PUNCT
iiclr-17574	652	1	the	the	DET
iiclr-17574	652	2	top	top	ADJ
iiclr-17574	652	3	fifty	fifty	NUM
iiclr-17574	652	4	japanesemanaged	japanesemanage	VERB
iiclr-17574	652	5	open	open	ADJ
iiclr-17574	652	6	-	-	PUNCT
iiclr-17574	652	7	end	end	NOUN
iiclr-17574	652	8	funds	fund	NOUN
iiclr-17574	652	9	investing	invest	VERB
iiclr-17574	652	10	in	in	ADP
iiclr-17574	652	11	the	the	DET
iiclr-17574	652	12	tokyo	tokyo	PROPN
iiclr-17574	652	13	stock	stock	NOUN
iiclr-17574	652	14	market	market	NOUN
iiclr-17574	652	15	underperformed	underperform	VERB
iiclr-17574	652	16	foreign	foreign	ADJ
iiclr-17574	652	17	-	-	PUNCT
iiclr-17574	652	18	managed	manage	VERB
iiclr-17574	652	19	funds	fund	NOUN
iiclr-17574	652	20	of	of	ADP
iiclr-17574	652	21	japanese	japanese	ADJ
iiclr-17574	652	22	stocks	stock	NOUN
iiclr-17574	652	23	by	by	ADP
iiclr-17574	652	24	an	an	DET
iiclr-17574	652	25	average	average	NOUN
iiclr-17574	652	26	of	of	ADP
iiclr-17574	652	27	four	four	NUM
iiclr-17574	652	28	points	point	NOUN
iiclr-17574	652	29	a	a	DET
iiclr-17574	652	30	year	year	NOUN
iiclr-17574	652	31	from	from	ADP
iiclr-17574	652	32	1987	1987	NUM
iiclr-17574	652	33	to	to	ADP
iiclr-17574	652	34	1992.16	1992.16	NUM
iiclr-17574	652	35	'	'	PUNCT
iiclr-17574	652	36	despite	despite	SCONJ
iiclr-17574	652	37	today	today	NOUN
iiclr-17574	652	38	's	's	PART
iiclr-17574	652	39	gradual	gradual	ADJ
iiclr-17574	652	40	emergence	emergence	NOUN
iiclr-17574	652	41	of	of	ADP
iiclr-17574	652	42	foreign	foreign	ADJ
iiclr-17574	652	43	competition	competition	NOUN
iiclr-17574	652	44	into	into	ADP
iiclr-17574	652	45	the	the	DET
iiclr-17574	652	46	marketplace	marketplace	NOUN
iiclr-17574	652	47	,	,	PUNCT
iiclr-17574	652	48	the	the	DET
iiclr-17574	652	49	status	status	NOUN
iiclr-17574	652	50	quo	quo	NOUN
iiclr-17574	652	51	of	of	ADP
iiclr-17574	652	52	limited	limited	ADJ
iiclr-17574	652	53	competition	competition	NOUN
iiclr-17574	652	54	has	have	AUX
iiclr-17574	652	55	been	be	AUX
iiclr-17574	652	56	preserved	preserve	VERB
iiclr-17574	652	57	by	by	ADP
iiclr-17574	652	58	regulatory	regulatory	ADJ
iiclr-17574	652	59	licensing	licensing	NOUN
iiclr-17574	652	60	and	and	CCONJ
iiclr-17574	652	61	brokerage	brokerage	NOUN
iiclr-17574	652	62	requirements	requirement	NOUN
iiclr-17574	652	63	which	which	PRON
iiclr-17574	652	64	in	in	ADP
iiclr-17574	652	65	practice	practice	NOUN
iiclr-17574	652	66	have	have	AUX
iiclr-17574	652	67	frustrated	frustrate	VERB
iiclr-17574	652	68	u.s	u.s	PROPN
iiclr-17574	652	69	.	.	PROPN
iiclr-17574	652	70	attempts	attempt	NOUN
iiclr-17574	652	71	at	at	ADP
iiclr-17574	652	72	entry	entry	NOUN
iiclr-17574	652	73	.	.	PUNCT
iiclr-17574	653	1	equity	equity	NOUN
iiclr-17574	653	2	mutual	mutual	ADJ
iiclr-17574	653	3	funds	fund	NOUN
iiclr-17574	653	4	,	,	PUNCT
iiclr-17574	653	5	known	know	VERB
iiclr-17574	653	6	in	in	ADP
iiclr-17574	653	7	japan	japan	PROPN
iiclr-17574	653	8	as	as	ADP
iiclr-17574	653	9	"	"	PUNCT
iiclr-17574	653	10	stock	stock	NOUN
iiclr-17574	653	11	investment	investment	NOUN
iiclr-17574	653	12	trusts	trust	NOUN
iiclr-17574	653	13	,	,	PUNCT
iiclr-17574	653	14	"	"	PUNCT
iiclr-17574	653	15	began	begin	VERB
iiclr-17574	653	16	operation	operation	NOUN
iiclr-17574	653	17	in	in	ADP
iiclr-17574	653	18	japan	japan	PROPN
iiclr-17574	653	19	in	in	ADP
iiclr-17574	653	20	1951	1951	NUM
iiclr-17574	653	21	with	with	ADP
iiclr-17574	653	22	the	the	DET
iiclr-17574	653	23	passage	passage	NOUN
iiclr-17574	653	24	of	of	ADP
iiclr-17574	653	25	the	the	DET
iiclr-17574	653	26	securities	security	NOUN
iiclr-17574	653	27	investment	investment	NOUN
iiclr-17574	653	28	trust	trust	NOUN
iiclr-17574	653	29	law.166	law.166	VERB
iiclr-17574	653	30	this	this	DET
iiclr-17574	653	31	law	law	NOUN
iiclr-17574	653	32	exclusively	exclusively	ADV
iiclr-17574	653	33	governs	govern	VERB
iiclr-17574	653	34	japan	japan	PROPN
iiclr-17574	653	35	's	's	PART
iiclr-17574	653	36	domestic	domestic	ADJ
iiclr-17574	653	37	investment	investment	NOUN
iiclr-17574	653	38	trust	trust	NOUN
iiclr-17574	653	39	business	business	NOUN
iiclr-17574	653	40	.	.	PUNCT
iiclr-17574	654	1	american	american	ADJ
iiclr-17574	654	2	firms	firm	NOUN
iiclr-17574	654	3	that	that	PRON
iiclr-17574	654	4	acquire	acquire	VERB
iiclr-17574	654	5	a	a	DET
iiclr-17574	654	6	license	license	NOUN
iiclr-17574	654	7	for	for	ADP
iiclr-17574	654	8	brokering	broker	VERB
iiclr-17574	654	9	their	their	PRON
iiclr-17574	654	10	investment	investment	NOUN
iiclr-17574	654	11	trust	trust	NOUN
iiclr-17574	654	12	products	product	NOUN
iiclr-17574	654	13	are	be	AUX
iiclr-17574	654	14	also	also	ADV
iiclr-17574	654	15	governed	govern	VERB
iiclr-17574	654	16	by	by	ADP
iiclr-17574	654	17	this	this	DET
iiclr-17574	654	18	law	law	NOUN
iiclr-17574	654	19	.	.	PUNCT
iiclr-17574	655	1	the	the	DET
iiclr-17574	655	2	investment	investment	NOUN
iiclr-17574	655	3	trust	trust	NOUN
iiclr-17574	655	4	products	product	NOUN
iiclr-17574	655	5	of	of	ADP
iiclr-17574	655	6	u.s	u.s	PROPN
iiclr-17574	655	7	.	.	PROPN
iiclr-17574	655	8	firms	firm	NOUN
iiclr-17574	655	9	without	without	ADP
iiclr-17574	655	10	a	a	DET
iiclr-17574	655	11	license	license	NOUN
iiclr-17574	655	12	in	in	ADP
iiclr-17574	655	13	japan	japan	PROPN
iiclr-17574	655	14	fall	fall	VERB
iiclr-17574	655	15	within	within	ADP
iiclr-17574	655	16	the	the	DET
iiclr-17574	655	17	purview	purview	NOUN
iiclr-17574	655	18	of	of	ADP
iiclr-17574	655	19	the	the	DET
iiclr-17574	655	20	securities	security	NOUN
iiclr-17574	655	21	and	and	CCONJ
iiclr-17574	655	22	exchange	exchange	NOUN
iiclr-17574	655	23	law	law	NOUN
iiclr-17574	655	24	and	and	CCONJ
iiclr-17574	655	25	are	be	AUX
iiclr-17574	655	26	defined	define	VERB
iiclr-17574	655	27	as	as	ADP
iiclr-17574	655	28	fits	fit	NOUN
iiclr-17574	655	29	.	.	PUNCT
iiclr-17574	656	1	as	as	ADP
iiclr-17574	656	2	a	a	DET
iiclr-17574	656	3	result	result	NOUN
iiclr-17574	656	4	,	,	PUNCT
iiclr-17574	656	5	licensed	licensed	ADJ
iiclr-17574	656	6	securities	security	NOUN
iiclr-17574	656	7	firms	firm	NOUN
iiclr-17574	656	8	-	-	PUNCT
iiclr-17574	656	9	oftimes	oftime	VERB
iiclr-17574	656	10	a	a	DET
iiclr-17574	656	11	competitor	competitor	NOUN
iiclr-17574	656	12	--	--	PUNCT
iiclr-17574	656	13	must	must	AUX
iiclr-17574	656	14	be	be	AUX
iiclr-17574	656	15	employed	employ	VERB
iiclr-17574	656	16	to	to	PART
iiclr-17574	656	17	market	market	VERB
iiclr-17574	656	18	them	they	PRON
iiclr-17574	656	19	under	under	ADP
iiclr-17574	656	20	the	the	DET
iiclr-17574	656	21	sel	sel	NOUN
iiclr-17574	656	22	.	.	PUNCT
iiclr-17574	657	1	originally	originally	ADV
iiclr-17574	657	2	,	,	PUNCT
iiclr-17574	657	3	securities	security	NOUN
iiclr-17574	657	4	companies	company	NOUN
iiclr-17574	657	5	carried	carry	VERB
iiclr-17574	657	6	out	out	ADP
iiclr-17574	657	7	the	the	DET
iiclr-17574	657	8	management	management	NOUN
iiclr-17574	657	9	operations	operation	NOUN
iiclr-17574	657	10	of	of	ADP
iiclr-17574	657	11	investment	investment	NOUN
iiclr-17574	657	12	trusts	trust	VERB
iiclr-17574	657	13	jointly	jointly	ADV
iiclr-17574	657	14	with	with	ADP
iiclr-17574	657	15	other	other	ADJ
iiclr-17574	657	16	business	business	NOUN
iiclr-17574	657	17	.	.	PUNCT
iiclr-17574	658	1	in	in	ADP
iiclr-17574	658	2	order	order	NOUN
iiclr-17574	658	3	to	to	PART
iiclr-17574	658	4	maintain	maintain	VERB
iiclr-17574	658	5	the	the	DET
iiclr-17574	658	6	independence	independence	NOUN
iiclr-17574	658	7	of	of	ADP
iiclr-17574	658	8	the	the	DET
iiclr-17574	658	9	management	management	NOUN
iiclr-17574	658	10	of	of	ADP
iiclr-17574	658	11	entrusted	entrust	VERB
iiclr-17574	658	12	assets	asset	NOUN
iiclr-17574	658	13	,	,	PUNCT
iiclr-17574	658	14	securities	security	NOUN
iiclr-17574	658	15	companies	company	NOUN
iiclr-17574	658	16	separated	separate	VERB
iiclr-17574	658	17	and	and	CCONJ
iiclr-17574	658	18	assigned	assign	VERB
iiclr-17574	658	19	the	the	DET
iiclr-17574	658	20	management	management	NOUN
iiclr-17574	658	21	operations	operation	NOUN
iiclr-17574	658	22	to	to	ADP
iiclr-17574	658	23	securities	security	NOUN
iiclr-17574	658	24	investment	investment	NOUN
iiclr-17574	658	25	trust	trust	NOUN
iiclr-17574	658	26	management	management	NOUN
iiclr-17574	658	27	companies	company	NOUN
iiclr-17574	658	28	after	after	ADP
iiclr-17574	658	29	1960.167	1960.167	NUM
iiclr-17574	658	30	like	like	ADP
iiclr-17574	658	31	its	its	PRON
iiclr-17574	658	32	securities	security	NOUN
iiclr-17574	658	33	business	business	NOUN
iiclr-17574	658	34	,	,	PUNCT
iiclr-17574	658	35	japan	japan	PROPN
iiclr-17574	658	36	's	's	PART
iiclr-17574	658	37	investment	investment	NOUN
iiclr-17574	658	38	trust	trust	NOUN
iiclr-17574	658	39	management	management	NOUN
iiclr-17574	658	40	business	business	NOUN
iiclr-17574	658	41	during	during	ADP
iiclr-17574	658	42	modem	modem	NOUN
iiclr-17574	658	43	history	history	NOUN
iiclr-17574	658	44	was	be	AUX
iiclr-17574	658	45	resistant	resistant	ADJ
iiclr-17574	658	46	to	to	ADP
iiclr-17574	658	47	competition	competition	NOUN
iiclr-17574	658	48	.	.	PUNCT
iiclr-17574	659	1	in	in	ADP
iiclr-17574	659	2	contrast	contrast	NOUN
iiclr-17574	659	3	to	to	ADP
iiclr-17574	659	4	the	the	DET
iiclr-17574	659	5	united	united	PROPN
iiclr-17574	659	6	states	states	PROPN
iiclr-17574	659	7	,	,	PUNCT
iiclr-17574	659	8	where	where	SCONJ
iiclr-17574	659	9	a	a	DET
iiclr-17574	659	10	foreign	foreign	ADJ
iiclr-17574	659	11	firm	firm	NOUN
iiclr-17574	659	12	can	can	AUX
iiclr-17574	659	13	enter	enter	VERB
iiclr-17574	659	14	the	the	DET
iiclr-17574	659	15	mutual	mutual	ADJ
iiclr-17574	659	16	fund	fund	NOUN
iiclr-17574	659	17	business	business	NOUN
iiclr-17574	659	18	through	through	ADP
iiclr-17574	659	19	straightforward	straightforward	ADJ
iiclr-17574	659	20	registration	registration	NOUN
iiclr-17574	659	21	with	with	ADP
iiclr-17574	659	22	the	the	DET
iiclr-17574	659	23	sec	sec	PROPN
iiclr-17574	659	24	at	at	ADP
iiclr-17574	659	25	modest	modest	ADJ
iiclr-17574	659	26	cost	cost	NOUN
iiclr-17574	659	27	,	,	PUNCT
iiclr-17574	659	28	japan	japan	PROPN
iiclr-17574	659	29	has	have	VERB
iiclr-17574	659	30	what	what	PRON
iiclr-17574	659	31	amounts	amount	VERB
iiclr-17574	659	32	to	to	ADP
iiclr-17574	659	33	significant	significant	ADJ
iiclr-17574	659	34	regulatory	regulatory	ADJ
iiclr-17574	659	35	barriers	barrier	NOUN
iiclr-17574	659	36	to	to	ADP
iiclr-17574	659	37	entry	entry	NOUN
iiclr-17574	659	38	.	.	PUNCT
iiclr-17574	660	1	in	in	ADP
iiclr-17574	660	2	guarding	guard	VERB
iiclr-17574	660	3	the	the	DET
iiclr-17574	660	4	industry	industry	NOUN
iiclr-17574	660	5	,	,	PUNCT
iiclr-17574	660	6	the	the	DET
iiclr-17574	660	7	mof	mof	NOUN
iiclr-17574	660	8	164	164	NUM
iiclr-17574	660	9	.	.	PUNCT
iiclr-17574	661	1	i	i	PRON
iiclr-17574	661	2	d.	d.	PROPN
iiclr-17574	661	3	investmentphilosophies	investmentphilosophies	PROPN
iiclr-17574	661	4	,	,	PUNCT
iiclr-17574	661	5	investmentsowned	investmentsowne	VERB
iiclr-17574	661	6	,	,	PUNCT
iiclr-17574	661	7	and	and	CCONJ
iiclr-17574	661	8	pastyields	pastyield	NOUN
iiclr-17574	661	9	are	be	AUX
iiclr-17574	661	10	not	not	PART
iiclr-17574	661	11	information	information	NOUN
iiclr-17574	661	12	disclosed	disclose	VERB
iiclr-17574	661	13	by	by	ADP
iiclr-17574	661	14	the	the	DET
iiclr-17574	661	15	investment	investment	NOUN
iiclr-17574	661	16	trust	trust	NOUN
iiclr-17574	661	17	management	management	NOUN
iiclr-17574	661	18	company	company	NOUN
iiclr-17574	661	19	.	.	PUNCT
iiclr-17574	662	1	however	however	ADV
iiclr-17574	662	2	,	,	PUNCT
iiclr-17574	662	3	this	this	DET
iiclr-17574	662	4	situation	situation	NOUN
iiclr-17574	662	5	will	will	AUX
iiclr-17574	662	6	change	change	VERB
iiclr-17574	662	7	pursuant	pursuant	ADV
iiclr-17574	662	8	to	to	ADP
iiclr-17574	662	9	an	an	DET
iiclr-17574	662	10	agreement	agreement	NOUN
iiclr-17574	662	11	reached	reach	VERB
iiclr-17574	662	12	between	between	ADP
iiclr-17574	662	13	the	the	DET
iiclr-17574	662	14	united	united	PROPN
iiclr-17574	662	15	states	states	PROPN
iiclr-17574	662	16	and	and	CCONJ
iiclr-17574	662	17	japan	japan	PROPN
iiclr-17574	662	18	announced	announce	VERB
iiclr-17574	662	19	on	on	ADP
iiclr-17574	662	20	january	january	PROPN
iiclr-17574	662	21	10	10	NUM
iiclr-17574	662	22	,	,	PUNCT
iiclr-17574	662	23	1995	1995	NUM
iiclr-17574	662	24	.	.	PUNCT
iiclr-17574	663	1	joint	joint	ADJ
iiclr-17574	663	2	statement	statement	NOUN
iiclr-17574	663	3	,	,	PUNCT
iiclr-17574	663	4	supra	supra	PROPN
iiclr-17574	663	5	note	note	NOUN
iiclr-17574	663	6	162	162	NUM
iiclr-17574	663	7	.	.	PUNCT
iiclr-17574	664	1	pursuant	pursuant	ADJ
iiclr-17574	664	2	to	to	ADP
iiclr-17574	664	3	the	the	DET
iiclr-17574	664	4	agreement	agreement	NOUN
iiclr-17574	664	5	,	,	PUNCT
iiclr-17574	664	6	the	the	DET
iiclr-17574	664	7	japanese	japanese	NOUN
iiclr-17574	664	8	have	have	AUX
iiclr-17574	664	9	made	make	VERB
iiclr-17574	664	10	a	a	DET
iiclr-17574	664	11	commitment	commitment	NOUN
iiclr-17574	664	12	to	to	PART
iiclr-17574	664	13	move	move	VERB
iiclr-17574	664	14	toward	toward	ADP
iiclr-17574	664	15	market	market	NOUN
iiclr-17574	664	16	value	value	NOUN
iiclr-17574	664	17	accounting	account	VERB
iiclr-17574	664	18	for	for	ADP
iiclr-17574	664	19	personal	personal	ADJ
iiclr-17574	664	20	liability	liability	NOUN
iiclr-17574	664	21	calculations	calculation	NOUN
iiclr-17574	664	22	and	and	CCONJ
iiclr-17574	664	23	disclosure	disclosure	NOUN
iiclr-17574	664	24	of	of	ADP
iiclr-17574	664	25	fund	fund	NOUN
iiclr-17574	664	26	manager	manager	NOUN
iiclr-17574	664	27	performance	performance	NOUN
iiclr-17574	664	28	on	on	ADP
iiclr-17574	664	29	a	a	DET
iiclr-17574	664	30	market	market	NOUN
iiclr-17574	664	31	value	value	NOUN
iiclr-17574	664	32	basis	basis	NOUN
iiclr-17574	664	33	.	.	PUNCT
iiclr-17574	665	1	i	i	PRON
iiclr-17574	665	2	d.	d.	PROPN
iiclr-17574	665	3	at	at	ADP
iiclr-17574	665	4	12	12	NUM
iiclr-17574	665	5	-	-	SYM
iiclr-17574	665	6	13	13	NUM
iiclr-17574	665	7	.	.	PUNCT
iiclr-17574	666	1	further	far	ADV
iiclr-17574	666	2	,	,	PUNCT
iiclr-17574	666	3	japan	japan	PROPN
iiclr-17574	666	4	will	will	AUX
iiclr-17574	666	5	"	"	PUNCT
iiclr-17574	666	6	require	require	VERB
iiclr-17574	666	7	investment	investment	NOUN
iiclr-17574	666	8	trust	trust	NOUN
iiclr-17574	666	9	management	management	NOUN
iiclr-17574	666	10	companies	company	NOUN
iiclr-17574	666	11	to	to	PART
iiclr-17574	666	12	enhance	enhance	VERB
iiclr-17574	666	13	disclosure	disclosure	NOUN
iiclr-17574	666	14	of	of	ADP
iiclr-17574	666	15	investment	investment	NOUN
iiclr-17574	666	16	trust	trust	NOUN
iiclr-17574	666	17	products	product	NOUN
iiclr-17574	666	18	by	by	ADP
iiclr-17574	666	19	amplifying	amplify	VERB
iiclr-17574	666	20	the	the	DET
iiclr-17574	666	21	contents	content	NOUN
iiclr-17574	666	22	of	of	ADP
iiclr-17574	666	23	the	the	DET
iiclr-17574	666	24	prospectuses	prospectus	NOUN
iiclr-17574	666	25	and	and	CCONJ
iiclr-17574	666	26	regular	regular	ADJ
iiclr-17574	666	27	reports	report	NOUN
iiclr-17574	666	28	on	on	ADP
iiclr-17574	666	29	an	an	DET
iiclr-17574	666	30	annual	annual	ADJ
iiclr-17574	666	31	basis	basis	NOUN
iiclr-17574	666	32	.	.	PUNCT
iiclr-17574	666	33	.	.	PUNCT
iiclr-17574	666	34	.	.	PUNCT
iiclr-17574	666	35	.	.	PUNCT
iiclr-17574	666	36	"	"	PUNCT
iiclr-17574	667	1	i	i	PRON
iiclr-17574	667	2	d.	d.	PROPN
iiclr-17574	667	3	at	at	ADP
iiclr-17574	667	4	13	13	NUM
iiclr-17574	667	5	.	.	PUNCT
iiclr-17574	668	1	the	the	DET
iiclr-17574	668	2	enhanced	enhanced	ADJ
iiclr-17574	668	3	disclosure	disclosure	NOUN
iiclr-17574	668	4	is	be	AUX
iiclr-17574	668	5	intended	intend	VERB
iiclr-17574	668	6	to	to	PART
iiclr-17574	668	7	assist	assist	VERB
iiclr-17574	668	8	investors	investor	NOUN
iiclr-17574	668	9	in	in	ADP
iiclr-17574	668	10	making	make	VERB
iiclr-17574	668	11	investment	investment	NOUN
iiclr-17574	668	12	decisions	decision	NOUN
iiclr-17574	668	13	by	by	ADP
iiclr-17574	668	14	providing	provide	VERB
iiclr-17574	668	15	them	they	PRON
iiclr-17574	668	16	with	with	ADP
iiclr-17574	668	17	detailed	detailed	ADJ
iiclr-17574	668	18	information	information	NOUN
iiclr-17574	668	19	on	on	ADP
iiclr-17574	668	20	such	such	ADJ
iiclr-17574	668	21	matters	matter	NOUN
iiclr-17574	668	22	as	as	ADP
iiclr-17574	668	23	investment	investment	NOUN
iiclr-17574	668	24	policy	policy	NOUN
iiclr-17574	668	25	,	,	PUNCT
iiclr-17574	668	26	dividend	dividend	NOUN
iiclr-17574	668	27	distribution	distribution	NOUN
iiclr-17574	668	28	policy	policy	NOUN
iiclr-17574	668	29	,	,	PUNCT
iiclr-17574	668	30	risk	risk	NOUN
iiclr-17574	668	31	profiles	profile	NOUN
iiclr-17574	668	32	,	,	PUNCT
iiclr-17574	668	33	asset	asset	NOUN
iiclr-17574	668	34	allocation	allocation	NOUN
iiclr-17574	668	35	,	,	PUNCT
iiclr-17574	668	36	and	and	CCONJ
iiclr-17574	668	37	fees	fee	NOUN
iiclr-17574	668	38	.	.	PUNCT
iiclr-17574	669	1	i	i	PRON
iiclr-17574	669	2	d	d	PROPN
iiclr-17574	669	3	165	165	NUM
iiclr-17574	669	4	.	.	PUNCT
iiclr-17574	670	1	gale	gale	PROPN
iiclr-17574	670	2	eisenstodt	eisenstodt	PROPN
iiclr-17574	670	3	,	,	PUNCT
iiclr-17574	670	4	self	self	NOUN
iiclr-17574	670	5	-	-	PUNCT
iiclr-17574	670	6	inflicted	inflict	VERB
iiclr-17574	670	7	wound	wound	NOUN
iiclr-17574	670	8	,	,	PUNCT
iiclr-17574	670	9	forbes	forbes	PROPN
iiclr-17574	670	10	,	,	PUNCT
iiclr-17574	670	11	oct	oct	PROPN
iiclr-17574	670	12	.	.	PROPN
iiclr-17574	670	13	26	26	NUM
iiclr-17574	670	14	,	,	PUNCT
iiclr-17574	670	15	1992	1992	NUM
iiclr-17574	670	16	,	,	PUNCT
iiclr-17574	670	17	at	at	ADP
iiclr-17574	670	18	226	226	NUM
iiclr-17574	670	19	.	.	PUNCT
iiclr-17574	671	1	166	166	NUM
iiclr-17574	671	2	.	.	PUNCT
iiclr-17574	671	3	yoshio	yoshio	PROPN
iiclr-17574	671	4	suzuki	suzuki	PROPN
iiclr-17574	671	5	,	,	PUNCT
iiclr-17574	671	6	the	the	DET
iiclr-17574	671	7	japanese	japanese	ADJ
iiclr-17574	671	8	financial	financial	ADJ
iiclr-17574	671	9	system	system	NOUN
iiclr-17574	671	10	88	88	NUM
iiclr-17574	671	11	(	(	PUNCT
iiclr-17574	671	12	1992	1992	NUM
iiclr-17574	671	13	)	)	PUNCT
iiclr-17574	671	14	.	.	PUNCT
iiclr-17574	672	1	167	167	NUM
iiclr-17574	672	2	.	.	PUNCT
iiclr-17574	673	1	i	i	PRON
iiclr-17574	673	2	d.	d.	PROPN
iiclr-17574	673	3	at	at	ADP
iiclr-17574	673	4	239	239	NUM
iiclr-17574	673	5	.	.	PUNCT
iiclr-17574	673	6	1995	1995	NUM
iiclr-17574	673	7	]	]	X
iiclr-17574	674	1	ind	ind	NOUN
iiclr-17574	674	2	.	.	PUNCT
iiclr-17574	675	1	int'l	int'l	PROPN
iiclr-17574	675	2	&	&	CCONJ
iiclr-17574	675	3	comp	comp	PROPN
iiclr-17574	675	4	.	.	PUNCT
iiclr-17574	676	1	l.	l.	PROPN
iiclr-17574	676	2	rev	rev	PROPN
iiclr-17574	676	3	.	.	PROPN
iiclr-17574	676	4	has	have	AUX
iiclr-17574	676	5	imposed	impose	VERB
iiclr-17574	676	6	a	a	DET
iiclr-17574	676	7	discretionary	discretionary	ADJ
iiclr-17574	676	8	licensing	licensing	NOUN
iiclr-17574	676	9	system	system	NOUN
iiclr-17574	676	10	.	.	PUNCT
iiclr-17574	677	1	this	this	DET
iiclr-17574	677	2	system	system	NOUN
iiclr-17574	677	3	has	have	AUX
iiclr-17574	677	4	led	lead	VERB
iiclr-17574	677	5	to	to	ADP
iiclr-17574	677	6	the	the	DET
iiclr-17574	677	7	formation	formation	NOUN
iiclr-17574	677	8	of	of	ADP
iiclr-17574	677	9	only	only	ADV
iiclr-17574	677	10	twenty	twenty	NUM
iiclr-17574	677	11	foreign	foreign	ADJ
iiclr-17574	677	12	investment	investment	NOUN
iiclr-17574	677	13	trusts	trust	VERB
iiclr-17574	677	14	management	management	NOUN
iiclr-17574	677	15	companies	company	NOUN
iiclr-17574	677	16	as	as	ADP
iiclr-17574	677	17	of	of	ADP
iiclr-17574	677	18	february	february	PROPN
iiclr-17574	677	19	1992.16	1992.16	NUM
iiclr-17574	677	20	in	in	ADP
iiclr-17574	677	21	obtaining	obtain	VERB
iiclr-17574	677	22	a	a	DET
iiclr-17574	677	23	license	license	NOUN
iiclr-17574	677	24	from	from	ADP
iiclr-17574	677	25	mof	mof	NOUN
iiclr-17574	677	26	,	,	PUNCT
iiclr-17574	677	27	investment	investment	NOUN
iiclr-17574	677	28	trusts	trust	NOUN
iiclr-17574	677	29	must	must	AUX
iiclr-17574	677	30	demonstrate	demonstrate	VERB
iiclr-17574	677	31	they	they	PRON
iiclr-17574	677	32	have	have	AUX
iiclr-17574	677	33	had	have	VERB
iiclr-17574	677	34	average	average	ADJ
iiclr-17574	677	35	assets	asset	NOUN
iiclr-17574	677	36	under	under	ADP
iiclr-17574	677	37	management	management	NOUN
iiclr-17574	677	38	of	of	ADP
iiclr-17574	677	39	no	no	DET
iiclr-17574	677	40	less	less	ADJ
iiclr-17574	677	41	than	than	ADP
iiclr-17574	677	42	y	y	PROPN
iiclr-17574	677	43	300	300	NUM
iiclr-17574	677	44	billion	billion	NUM
iiclr-17574	677	45	over	over	ADP
iiclr-17574	677	46	the	the	DET
iiclr-17574	677	47	most	most	ADV
iiclr-17574	677	48	recent	recent	ADJ
iiclr-17574	677	49	three	three	NUM
iiclr-17574	677	50	year	year	NOUN
iiclr-17574	677	51	period	period	NOUN
iiclr-17574	677	52	,	,	PUNCT
iiclr-17574	677	53	have	have	AUX
iiclr-17574	677	54	marked	mark	VERB
iiclr-17574	677	55	a	a	DET
iiclr-17574	677	56	positive	positive	ADJ
iiclr-17574	677	57	current	current	ADJ
iiclr-17574	677	58	balance	balance	NOUN
iiclr-17574	677	59	for	for	ADP
iiclr-17574	677	60	the	the	DET
iiclr-17574	677	61	latest	late	ADJ
iiclr-17574	677	62	period	period	NOUN
iiclr-17574	677	63	,	,	PUNCT
iiclr-17574	677	64	be	be	AUX
iiclr-17574	677	65	incorporated	incorporate	VERB
iiclr-17574	677	66	in	in	ADP
iiclr-17574	677	67	japan	japan	PROPN
iiclr-17574	677	68	if	if	SCONJ
iiclr-17574	677	69	an	an	DET
iiclr-17574	677	70	investment	investment	NOUN
iiclr-17574	677	71	trust	trust	NOUN
iiclr-17574	677	72	management	management	NOUN
iiclr-17574	677	73	company	company	NOUN
iiclr-17574	677	74	,	,	PUNCT
iiclr-17574	677	75	and	and	CCONJ
iiclr-17574	677	76	maintain	maintain	VERB
iiclr-17574	677	77	net	net	ADJ
iiclr-17574	677	78	assets	asset	NOUN
iiclr-17574	677	79	of	of	ADP
iiclr-17574	677	80	no	no	DET
iiclr-17574	677	81	less	less	ADJ
iiclr-17574	677	82	than	than	ADP
iiclr-17574	677	83	y	y	PROPN
iiclr-17574	677	84	50	50	NUM
iiclr-17574	677	85	million.1	million.1	NOUN
iiclr-17574	677	86	69	69	NUM
iiclr-17574	677	87	because	because	SCONJ
iiclr-17574	677	88	the	the	DET
iiclr-17574	677	89	sel	sel	NOUN
iiclr-17574	677	90	is	be	AUX
iiclr-17574	677	91	inapplicable	inapplicable	ADJ
iiclr-17574	677	92	to	to	ADP
iiclr-17574	677	93	investment	investment	NOUN
iiclr-17574	677	94	trusts	trust	NOUN
iiclr-17574	677	95	originating	originate	VERB
iiclr-17574	677	96	in	in	ADP
iiclr-17574	677	97	japan	japan	PROPN
iiclr-17574	677	98	,	,	PUNCT
iiclr-17574	677	99	the	the	DET
iiclr-17574	677	100	securities	security	NOUN
iiclr-17574	677	101	investment	investment	PROPN
iiclr-17574	677	102	trust	trust	NOUN
iiclr-17574	677	103	law	law	NOUN
iiclr-17574	677	104	stipulates	stipulate	VERB
iiclr-17574	677	105	that	that	SCONJ
iiclr-17574	677	106	the	the	DET
iiclr-17574	677	107	management	management	NOUN
iiclr-17574	677	108	companies	company	NOUN
iiclr-17574	677	109	must	must	AUX
iiclr-17574	677	110	prepare	prepare	VERB
iiclr-17574	677	111	an	an	DET
iiclr-17574	677	112	explanatory	explanatory	ADJ
iiclr-17574	677	113	statement	statement	NOUN
iiclr-17574	677	114	in	in	ADP
iiclr-17574	677	115	lieu	lieu	NOUN
iiclr-17574	677	116	of	of	ADP
iiclr-17574	677	117	a	a	DET
iiclr-17574	677	118	registration	registration	NOUN
iiclr-17574	677	119	statement	statement	NOUN
iiclr-17574	677	120	.	.	PUNCT
iiclr-17574	678	1	7	7	NUM
iiclr-17574	678	2	'	'	PUNCT
iiclr-17574	678	3	this	this	DET
iiclr-17574	678	4	statement	statement	NOUN
iiclr-17574	678	5	must	must	AUX
iiclr-17574	678	6	be	be	AUX
iiclr-17574	678	7	given	give	VERB
iiclr-17574	678	8	to	to	ADP
iiclr-17574	678	9	prospective	prospective	ADJ
iiclr-17574	678	10	subscribers	subscriber	NOUN
iiclr-17574	678	11	.	.	PUNCT
iiclr-17574	679	1	the	the	DET
iiclr-17574	679	2	companies	company	NOUN
iiclr-17574	679	3	must	must	AUX
iiclr-17574	679	4	also	also	ADV
iiclr-17574	679	5	prepare	prepare	VERB
iiclr-17574	679	6	a	a	DET
iiclr-17574	679	7	financial	financial	ADJ
iiclr-17574	679	8	report	report	NOUN
iiclr-17574	679	9	on	on	ADP
iiclr-17574	679	10	the	the	DET
iiclr-17574	679	11	trust	trust	NOUN
iiclr-17574	679	12	fund	fund	NOUN
iiclr-17574	679	13	to	to	PART
iiclr-17574	679	14	be	be	AUX
iiclr-17574	679	15	given	give	VERB
iiclr-17574	679	16	to	to	ADP
iiclr-17574	679	17	each	each	DET
iiclr-17574	679	18	certificate	certificate	NOUN
iiclr-17574	679	19	holder	holder	NOUN
iiclr-17574	679	20	at	at	ADP
iiclr-17574	679	21	the	the	DET
iiclr-17574	679	22	end	end	NOUN
iiclr-17574	679	23	of	of	ADP
iiclr-17574	679	24	each	each	DET
iiclr-17574	679	25	fiscal	fiscal	ADJ
iiclr-17574	679	26	year	year	NOUN
iiclr-17574	679	27	.	.	PUNCT
iiclr-17574	679	28	'	'	PUNCT
iiclr-17574	680	1	7	7	NUM
iiclr-17574	680	2	'	'	PUNCT
iiclr-17574	680	3	in	in	ADP
iiclr-17574	680	4	terms	term	NOUN
iiclr-17574	680	5	of	of	ADP
iiclr-17574	680	6	investment	investment	NOUN
iiclr-17574	680	7	scope	scope	NOUN
iiclr-17574	680	8	,	,	PUNCT
iiclr-17574	680	9	[	[	X
iiclr-17574	680	10	t]he	t]he	ADV
iiclr-17574	680	11	concrete	concrete	ADJ
iiclr-17574	680	12	criteria	criterion	NOUN
iiclr-17574	680	13	for	for	ADP
iiclr-17574	680	14	holdings	holding	NOUN
iiclr-17574	680	15	of	of	ADP
iiclr-17574	680	16	securities	security	NOUN
iiclr-17574	680	17	are	be	AUX
iiclr-17574	680	18	set	set	VERB
iiclr-17574	680	19	forth	forth	ADV
iiclr-17574	680	20	in	in	ADP
iiclr-17574	680	21	the	the	DET
iiclr-17574	680	22	trust	trust	NOUN
iiclr-17574	680	23	deeds	deed	NOUN
iiclr-17574	680	24	and	and	CCONJ
iiclr-17574	680	25	self	self	NOUN
iiclr-17574	680	26	-	-	PUNCT
iiclr-17574	680	27	regulatory	regulatory	ADJ
iiclr-17574	680	28	rules	rule	NOUN
iiclr-17574	680	29	of	of	ADP
iiclr-17574	680	30	the	the	DET
iiclr-17574	680	31	investment	investment	NOUN
iiclr-17574	680	32	trusts	trust	VERB
iiclr-17574	680	33	association	association	PROPN
iiclr-17574	680	34	....	....	PUNCT
iiclr-17574	681	1	domestic	domestic	ADJ
iiclr-17574	681	2	bonds	bond	NOUN
iiclr-17574	681	3	and	and	CCONJ
iiclr-17574	681	4	debentures	debenture	NOUN
iiclr-17574	681	5	...	...	PUNCT
iiclr-17574	681	6	may	may	AUX
iiclr-17574	681	7	be	be	AUX
iiclr-17574	681	8	held	hold	VERB
iiclr-17574	681	9	in	in	ADP
iiclr-17574	681	10	the	the	DET
iiclr-17574	681	11	portfolio	portfolio	NOUN
iiclr-17574	681	12	.	.	PUNCT
iiclr-17574	682	1	all	all	DET
iiclr-17574	682	2	domestic	domestic	ADJ
iiclr-17574	682	3	stocks	stock	NOUN
iiclr-17574	682	4	listed	list	VERB
iiclr-17574	682	5	on	on	ADP
iiclr-17574	682	6	securities	security	NOUN
iiclr-17574	682	7	exchanges	exchange	NOUN
iiclr-17574	682	8	and	and	CCONJ
iiclr-17574	682	9	traded	trade	VERB
iiclr-17574	682	10	on	on	ADP
iiclr-17574	682	11	over	over	ADP
iiclr-17574	682	12	-	-	PUNCT
iiclr-17574	682	13	the	the	DET
iiclr-17574	682	14	-	-	PUNCT
iiclr-17574	682	15	counter	counter	NOUN
iiclr-17574	682	16	markets	market	NOUN
iiclr-17574	682	17	...	...	PUNCT
iiclr-17574	682	18	can	can	AUX
iiclr-17574	682	19	be	be	AUX
iiclr-17574	682	20	held	hold	VERB
iiclr-17574	682	21	.	.	PUNCT
iiclr-17574	682	22	'	'	PUNCT
iiclr-17574	683	1	investment	investment	NOUN
iiclr-17574	683	2	trusts	trust	NOUN
iiclr-17574	683	3	of	of	ADP
iiclr-17574	683	4	the	the	DET
iiclr-17574	683	5	open	open	ADJ
iiclr-17574	683	6	type	type	NOUN
iiclr-17574	683	7	may	may	AUX
iiclr-17574	683	8	acquire	acquire	VERB
iiclr-17574	683	9	no	no	DET
iiclr-17574	683	10	more	more	ADJ
iiclr-17574	683	11	than	than	ADP
iiclr-17574	683	12	five	five	NUM
iiclr-17574	683	13	to	to	PART
iiclr-17574	683	14	ten	ten	NUM
iiclr-17574	683	15	percent	percent	NOUN
iiclr-17574	683	16	of	of	ADP
iiclr-17574	683	17	the	the	DET
iiclr-17574	683	18	stock	stock	NOUN
iiclr-17574	683	19	of	of	ADP
iiclr-17574	683	20	any	any	DET
iiclr-17574	683	21	single	single	ADJ
iiclr-17574	683	22	issuing	issue	VERB
iiclr-17574	683	23	body	body	NOUN
iiclr-17574	683	24	.	.	PUNCT
iiclr-17574	683	25	'	'	PUNCT
iiclr-17574	684	1	in	in	ADP
iiclr-17574	684	2	fact	fact	NOUN
iiclr-17574	684	3	,	,	PUNCT
iiclr-17574	684	4	the	the	DET
iiclr-17574	684	5	mainstay	mainstay	NOUN
iiclr-17574	684	6	investment	investment	NOUN
iiclr-17574	684	7	trust	trust	NOUN
iiclr-17574	684	8	is	be	AUX
iiclr-17574	684	9	designed	design	VERB
iiclr-17574	684	10	as	as	ADP
iiclr-17574	684	11	a	a	DET
iiclr-17574	684	12	financial	financial	ADJ
iiclr-17574	684	13	product	product	NOUN
iiclr-17574	684	14	with	with	ADP
iiclr-17574	684	15	low	low	ADJ
iiclr-17574	684	16	risk	risk	NOUN
iiclr-17574	684	17	and	and	CCONJ
iiclr-17574	684	18	strong	strong	ADJ
iiclr-17574	684	19	savings	saving	NOUN
iiclr-17574	684	20	orientation	orientation	NOUN
iiclr-17574	684	21	.	.	PUNCT
iiclr-17574	685	1	74	74	NUM
iiclr-17574	686	1	in	in	ADP
iiclr-17574	686	2	many	many	ADJ
iiclr-17574	686	3	ways	way	NOUN
iiclr-17574	686	4	,	,	PUNCT
iiclr-17574	686	5	the	the	DET
iiclr-17574	686	6	japanese	japanese	ADJ
iiclr-17574	686	7	investment	investment	NOUN
iiclr-17574	686	8	trust	trust	NOUN
iiclr-17574	686	9	resembles	resemble	VERB
iiclr-17574	686	10	a	a	DET
iiclr-17574	686	11	deposit	deposit	NOUN
iiclr-17574	686	12	because	because	SCONJ
iiclr-17574	686	13	of	of	ADP
iiclr-17574	686	14	its	its	PRON
iiclr-17574	686	15	safety	safety	NOUN
iiclr-17574	686	16	and	and	CCONJ
iiclr-17574	686	17	expected	expect	VERB
iiclr-17574	686	18	rate	rate	NOUN
iiclr-17574	686	19	of	of	ADP
iiclr-17574	686	20	return	return	NOUN
iiclr-17574	686	21	.	.	PUNCT
iiclr-17574	687	1	"	"	PUNCT
iiclr-17574	687	2	the	the	DET
iiclr-17574	687	3	total	total	ADJ
iiclr-17574	687	4	net	net	ADJ
iiclr-17574	687	5	assets	asset	NOUN
iiclr-17574	687	6	of	of	ADP
iiclr-17574	687	7	investment	investment	NOUN
iiclr-17574	687	8	trusts	trust	NOUN
iiclr-17574	687	9	reached	reach	VERB
iiclr-17574	687	10	a	a	DET
iiclr-17574	687	11	record	record	NOUN
iiclr-17574	687	12	high	high	NOUN
iiclr-17574	687	13	of	of	ADP
iiclr-17574	687	14	y	y	PROPN
iiclr-17574	687	15	58.6	58.6	NUM
iiclr-17574	687	16	trillion	trillion	NUM
iiclr-17574	687	17	at	at	ADP
iiclr-17574	687	18	the	the	DET
iiclr-17574	687	19	end	end	NOUN
iiclr-17574	687	20	of	of	ADP
iiclr-17574	687	21	december	december	PROPN
iiclr-17574	687	22	1989	1989	NUM
iiclr-17574	687	23	.	.	PUNCT
iiclr-17574	688	1	"	"	PUNCT
iiclr-17574	688	2	'	'	PUNCT
iiclr-17574	688	3	"	"	PUNCT
iiclr-17574	688	4	net	net	ADJ
iiclr-17574	688	5	assets	asset	NOUN
iiclr-17574	688	6	have	have	AUX
iiclr-17574	688	7	decreased	decrease	VERB
iiclr-17574	688	8	considerably	considerably	ADV
iiclr-17574	688	9	since	since	SCONJ
iiclr-17574	688	10	the	the	DET
iiclr-17574	688	11	beginning	beginning	NOUN
iiclr-17574	688	12	of	of	ADP
iiclr-17574	688	13	1990	1990	NUM
iiclr-17574	688	14	,	,	PUNCT
iiclr-17574	688	15	largely	largely	ADV
iiclr-17574	688	16	because	because	SCONJ
iiclr-17574	688	17	the	the	DET
iiclr-17574	688	18	stock	stock	NOUN
iiclr-17574	688	19	market	market	NOUN
iiclr-17574	688	20	has	have	AUX
iiclr-17574	688	21	been	be	AUX
iiclr-17574	688	22	depressed	depressed	ADJ
iiclr-17574	688	23	and	and	CCONJ
iiclr-17574	688	24	stagnant	stagnant	ADJ
iiclr-17574	688	25	,	,	PUNCT
iiclr-17574	688	26	giving	give	VERB
iiclr-17574	688	27	rise	rise	NOUN
iiclr-17574	688	28	to	to	ADP
iiclr-17574	688	29	capital	capital	NOUN
iiclr-17574	688	30	outflows	outflow	NOUN
iiclr-17574	688	31	and	and	CCONJ
iiclr-17574	688	32	the	the	DET
iiclr-17574	688	33	devaluation	devaluation	NOUN
iiclr-17574	688	34	of	of	ADP
iiclr-17574	688	35	portfolio	portfolio	NOUN
iiclr-17574	688	36	stock	stock	NOUN
iiclr-17574	688	37	.	.	PUNCT
iiclr-17574	689	1	7	7	NUM
iiclr-17574	689	2	6	6	NUM
iiclr-17574	689	3	[	[	X
iiclr-17574	689	4	n]et	n]et	DET
iiclr-17574	689	5	assets	asset	NOUN
iiclr-17574	689	6	plunged	plunge	VERB
iiclr-17574	689	7	to	to	ADP
iiclr-17574	689	8	the	the	DET
iiclr-17574	689	9	recent	recent	ADJ
iiclr-17574	689	10	[	[	X
iiclr-17574	689	11	low	low	NOUN
iiclr-17574	689	12	]	]	PUNCT
iiclr-17574	689	13	of	of	ADP
iiclr-17574	689	14	y	y	PROPN
iiclr-17574	689	15	38.5	38.5	NUM
iiclr-17574	689	16	trillion	trillion	NUM
iiclr-17574	689	17	at	at	ADP
iiclr-17574	689	18	the	the	DET
iiclr-17574	689	19	end	end	NOUN
iiclr-17574	689	20	of	of	ADP
iiclr-17574	689	21	april	april	PROPN
iiclr-17574	689	22	1992	1992	NUM
iiclr-17574	689	23	....	....	PUNCT
iiclr-17574	690	1	under	under	ADP
iiclr-17574	690	2	the	the	DET
iiclr-17574	690	3	impact	impact	NOUN
iiclr-17574	690	4	of	of	ADP
iiclr-17574	690	5	falling	fall	VERB
iiclr-17574	690	6	stock	stock	NOUN
iiclr-17574	690	7	prices	price	NOUN
iiclr-17574	690	8	,	,	PUNCT
iiclr-17574	690	9	the	the	DET
iiclr-17574	690	10	performance	performance	NOUN
iiclr-17574	690	11	of	of	ADP
iiclr-17574	690	12	some	some	DET
iiclr-17574	690	13	stock	stock	NOUN
iiclr-17574	690	14	investment	investment	NOUN
iiclr-17574	690	15	trusts	trust	NOUN
iiclr-17574	690	16	was	be	AUX
iiclr-17574	690	17	[	[	X
iiclr-17574	690	18	so	so	ADV
iiclr-17574	690	19	poor	poor	ADJ
iiclr-17574	690	20	]	]	PUNCT
iiclr-17574	690	21	168	168	NUM
iiclr-17574	690	22	.	.	PUNCT
iiclr-17574	691	1	tanabe	tanabe	PROPN
iiclr-17574	691	2	,	,	PUNCT
iiclr-17574	691	3	supra	supra	PROPN
iiclr-17574	691	4	note	note	NOUN
iiclr-17574	691	5	154	154	NUM
iiclr-17574	691	6	,	,	PUNCT
iiclr-17574	691	7	at	at	ADP
iiclr-17574	691	8	397	397	NUM
iiclr-17574	691	9	.	.	NOUN
iiclr-17574	691	10	169	169	NUM
iiclr-17574	691	11	.	.	PUNCT
iiclr-17574	692	1	joint	joint	ADJ
iiclr-17574	692	2	statement	statement	NOUN
iiclr-17574	692	3	,	,	PUNCT
iiclr-17574	692	4	supra	supra	PROPN
iiclr-17574	692	5	note	note	PROPN
iiclr-17574	692	6	162	162	NUM
iiclr-17574	692	7	,	,	PUNCT
iiclr-17574	692	8	at	at	ADP
iiclr-17574	692	9	11	11	NUM
iiclr-17574	692	10	-	-	SYM
iiclr-17574	692	11	12	12	NUM
iiclr-17574	692	12	.	.	PUNCT
iiclr-17574	692	13	170	170	NUM
iiclr-17574	692	14	.	.	PUNCT
iiclr-17574	693	1	tanabe	tanabe	PROPN
iiclr-17574	693	2	,	,	PUNCT
iiclr-17574	693	3	supra	supra	PROPN
iiclr-17574	693	4	note	note	NOUN
iiclr-17574	693	5	154	154	NUM
iiclr-17574	693	6	,	,	PUNCT
iiclr-17574	693	7	at	at	ADP
iiclr-17574	693	8	397	397	NUM
iiclr-17574	693	9	.	.	PUNCT
iiclr-17574	693	10	171	171	NUM
iiclr-17574	693	11	.	.	PUNCT
iiclr-17574	694	1	nat'l	nat'l	PROPN
iiclr-17574	694	2	sec	sec	PROPN
iiclr-17574	694	3	.	.	PUNCT
iiclr-17574	695	1	dealers	dealer	NOUN
iiclr-17574	695	2	'	'	PART
iiclr-17574	695	3	ass'n	ass'n	NOUN
iiclr-17574	695	4	,	,	PUNCT
iiclr-17574	695	5	standards	standard	NOUN
iiclr-17574	695	6	of	of	ADP
iiclr-17574	695	7	selection	selection	NOUN
iiclr-17574	695	8	of	of	ADP
iiclr-17574	695	9	foreign	foreign	ADJ
iiclr-17574	695	10	investment	investment	NOUN
iiclr-17574	695	11	trust	trust	NOUN
iiclr-17574	695	12	securities	security	NOUN
iiclr-17574	695	13	(	(	PUNCT
iiclr-17574	695	14	resolution	resolution	NOUN
iiclr-17574	695	15	of	of	ADP
iiclr-17574	695	16	the	the	DET
iiclr-17574	695	17	board	board	NOUN
iiclr-17574	695	18	,	,	PUNCT
iiclr-17574	695	19	nov	nov	PROPN
iiclr-17574	695	20	.	.	PROPN
iiclr-17574	695	21	20	20	NUM
iiclr-17574	695	22	,	,	PUNCT
iiclr-17574	695	23	1972	1972	NUM
iiclr-17574	695	24	)	)	PUNCT
iiclr-17574	695	25	(	(	PUNCT
iiclr-17574	695	26	japan	japan	PROPN
iiclr-17574	695	27	)	)	PUNCT
iiclr-17574	695	28	(	(	PUNCT
iiclr-17574	695	29	on	on	ADP
iiclr-17574	695	30	file	file	NOUN
iiclr-17574	695	31	with	with	ADP
iiclr-17574	695	32	ind	ind	NOUN
iiclr-17574	695	33	.	.	PUNCT
iiclr-17574	696	1	int'l	int'l	PROPN
iiclr-17574	696	2	&	&	CCONJ
iiclr-17574	696	3	comp	comp	PROPN
iiclr-17574	696	4	.	.	PUNCT
iiclr-17574	697	1	l.	l.	PROPN
iiclr-17574	697	2	rev	rev	PROPN
iiclr-17574	697	3	.	.	PUNCT
iiclr-17574	697	4	)	)	PUNCT
iiclr-17574	698	1	[	[	X
iiclr-17574	698	2	hereinafter	hereinafter	NOUN
iiclr-17574	698	3	standards	standard	NOUN
iiclr-17574	698	4	]	]	PUNCT
iiclr-17574	698	5	.	.	PUNCT
iiclr-17574	699	1	172	172	NUM
iiclr-17574	699	2	.	.	PUNCT
iiclr-17574	699	3	investment	investment	NOUN
iiclr-17574	699	4	trusts	trust	NOUN
iiclr-17574	699	5	,	,	PUNCT
iiclr-17574	699	6	supra	supra	PROPN
iiclr-17574	699	7	note	note	NOUN
iiclr-17574	699	8	129	129	NUM
iiclr-17574	699	9	,	,	PUNCT
iiclr-17574	699	10	at	at	ADP
iiclr-17574	699	11	22	22	NUM
iiclr-17574	699	12	.	.	PUNCT
iiclr-17574	700	1	173	173	NUM
iiclr-17574	700	2	.	.	PUNCT
iiclr-17574	701	1	i	i	PRON
iiclr-17574	701	2	d.	d.	PROPN
iiclr-17574	701	3	at	at	ADP
iiclr-17574	701	4	24	24	NUM
iiclr-17574	701	5	.	.	PUNCT
iiclr-17574	701	6	174	174	NUM
iiclr-17574	701	7	.	.	PUNCT
iiclr-17574	702	1	tanabe	tanabe	PROPN
iiclr-17574	702	2	,	,	PUNCT
iiclr-17574	702	3	supra	supra	PROPN
iiclr-17574	702	4	note	note	NOUN
iiclr-17574	702	5	154	154	NUM
iiclr-17574	702	6	,	,	PUNCT
iiclr-17574	702	7	at	at	ADP
iiclr-17574	702	8	395	395	NUM
iiclr-17574	702	9	.	.	PUNCT
iiclr-17574	702	10	175	175	NUM
iiclr-17574	702	11	.	.	PUNCT
iiclr-17574	703	1	investment	investment	NOUN
iiclr-17574	703	2	trusts	trust	NOUN
iiclr-17574	703	3	,	,	PUNCT
iiclr-17574	703	4	supra	supra	PROPN
iiclr-17574	703	5	note	note	NOUN
iiclr-17574	703	6	129	129	NUM
iiclr-17574	703	7	,	,	PUNCT
iiclr-17574	703	8	at	at	ADP
iiclr-17574	703	9	4	4	NUM
iiclr-17574	703	10	.	.	NOUN
iiclr-17574	703	11	176	176	NUM
iiclr-17574	703	12	.	.	PUNCT
iiclr-17574	704	1	i	i	PRON
iiclr-17574	704	2	d.	d.	PROPN
iiclr-17574	705	1	[	[	X
iiclr-17574	705	2	vol	vol	NOUN
iiclr-17574	705	3	.	.	PUNCT
iiclr-17574	706	1	5:2	5:2	NUM
iiclr-17574	706	2	mutual	mutual	ADJ
iiclr-17574	706	3	fund	fund	NOUN
iiclr-17574	706	4	emergence	emergence	VERB
iiclr-17574	706	5	that	that	SCONJ
iiclr-17574	706	6	their	their	PRON
iiclr-17574	706	7	net	net	ADJ
iiclr-17574	706	8	asset	asset	NOUN
iiclr-17574	706	9	values	value	NOUN
iiclr-17574	706	10	fell	fall	VERB
iiclr-17574	706	11	below	below	ADP
iiclr-17574	706	12	the	the	DET
iiclr-17574	706	13	par	par	NOUN
iiclr-17574	706	14	value	value	NOUN
iiclr-17574	706	15	at	at	ADP
iiclr-17574	706	16	the	the	DET
iiclr-17574	706	17	time	time	NOUN
iiclr-17574	706	18	of	of	ADP
iiclr-17574	706	19	redemption	redemption	NOUN
iiclr-17574	706	20	....	....	PUNCT
iiclr-17574	707	1	on	on	ADP
iiclr-17574	707	2	the	the	DET
iiclr-17574	707	3	contrary	contrary	NOUN
iiclr-17574	707	4	,	,	PUNCT
iiclr-17574	707	5	the	the	DET
iiclr-17574	707	6	net	net	ADJ
iiclr-17574	707	7	assets	asset	NOUN
iiclr-17574	707	8	of	of	ADP
iiclr-17574	707	9	bond	bond	NOUN
iiclr-17574	707	10	investment	investment	NOUN
iiclr-17574	707	11	trusts	trust	NOUN
iiclr-17574	707	12	increased	increase	VERB
iiclr-17574	707	13	steadily	steadily	ADV
iiclr-17574	707	14	,	,	PUNCT
iiclr-17574	707	15	because	because	SCONJ
iiclr-17574	707	16	their	their	PRON
iiclr-17574	707	17	characteristic	characteristic	NOUN
iiclr-17574	707	18	of	of	ADP
iiclr-17574	707	19	maintaining	maintain	VERB
iiclr-17574	707	20	stable	stable	ADJ
iiclr-17574	707	21	incomes	income	NOUN
iiclr-17574	707	22	appealed	appeal	VERB
iiclr-17574	707	23	to	to	ADP
iiclr-17574	707	24	investors	investor	NOUN
iiclr-17574	707	25	....	....	PUNCT
iiclr-17574	708	1	all	all	PRON
iiclr-17574	708	2	in	in	ADP
iiclr-17574	708	3	all	all	PRON
iiclr-17574	708	4	,	,	PUNCT
iiclr-17574	708	5	the	the	DET
iiclr-17574	708	6	total	total	ADJ
iiclr-17574	708	7	net	net	ADJ
iiclr-17574	708	8	asset	asset	NOUN
iiclr-17574	708	9	value	value	NOUN
iiclr-17574	708	10	of	of	ADP
iiclr-17574	708	11	all	all	DET
iiclr-17574	708	12	japanese	japanese	ADJ
iiclr-17574	708	13	investment	investment	NOUN
iiclr-17574	708	14	trusts	trust	NOUN
iiclr-17574	708	15	recovered	recover	VERB
iiclr-17574	708	16	to	to	ADP
iiclr-17574	708	17	y	y	PROPN
iiclr-17574	708	18	43.5	43.5	NUM
iiclr-17574	708	19	trillion	trillion	NUM
iiclr-17574	708	20	at	at	ADP
iiclr-17574	708	21	the	the	DET
iiclr-17574	708	22	end	end	NOUN
iiclr-17574	708	23	of	of	ADP
iiclr-17574	708	24	march	march	PROPN
iiclr-17574	708	25	1993	1993	NUM
iiclr-17574	708	26	.	.	PUNCT
iiclr-17574	708	27	'	'	PUNCT
iiclr-17574	709	1	c.	c.	PROPN
iiclr-17574	709	2	regulatory	regulatory	ADJ
iiclr-17574	709	3	environment	environment	NOUN
iiclr-17574	709	4	for	for	ADP
iiclr-17574	709	5	foreign	foreign	ADJ
iiclr-17574	709	6	domiciled	domicile	VERB
iiclr-17574	709	7	funds	fund	NOUN
iiclr-17574	709	8	sold	sell	VERB
iiclr-17574	709	9	in	in	ADP
iiclr-17574	709	10	japan	japan	PROPN
iiclr-17574	709	11	despite	despite	SCONJ
iiclr-17574	709	12	reforms	reform	NOUN
iiclr-17574	709	13	in	in	ADP
iiclr-17574	709	14	1993	1993	NUM
iiclr-17574	709	15	and	and	CCONJ
iiclr-17574	709	16	recent	recent	ADJ
iiclr-17574	709	17	confirmation	confirmation	NOUN
iiclr-17574	709	18	by	by	ADP
iiclr-17574	709	19	the	the	DET
iiclr-17574	709	20	government	government	NOUN
iiclr-17574	709	21	of	of	ADP
iiclr-17574	709	22	japan	japan	PROPN
iiclr-17574	709	23	that	that	SCONJ
iiclr-17574	709	24	subsidiaries	subsidiary	NOUN
iiclr-17574	709	25	of	of	ADP
iiclr-17574	709	26	commercial	commercial	ADJ
iiclr-17574	709	27	banks	bank	NOUN
iiclr-17574	709	28	are	be	AUX
iiclr-17574	709	29	permitted	permit	VERB
iiclr-17574	709	30	to	to	PART
iiclr-17574	709	31	sell	sell	VERB
iiclr-17574	709	32	investment	investment	NOUN
iiclr-17574	709	33	trust	trust	NOUN
iiclr-17574	709	34	products	product	NOUN
iiclr-17574	709	35	,	,	PUNCT
iiclr-17574	709	36	178	178	NUM
iiclr-17574	709	37	japanese	japanese	ADJ
iiclr-17574	709	38	banks	bank	NOUN
iiclr-17574	709	39	have	have	AUX
iiclr-17574	709	40	not	not	PART
iiclr-17574	709	41	matured	mature	VERB
iiclr-17574	709	42	to	to	ADP
iiclr-17574	709	43	the	the	DET
iiclr-17574	709	44	point	point	NOUN
iiclr-17574	709	45	where	where	SCONJ
iiclr-17574	709	46	they	they	PRON
iiclr-17574	709	47	can	can	AUX
iiclr-17574	709	48	be	be	AUX
iiclr-17574	709	49	considered	consider	VERB
iiclr-17574	709	50	a	a	DET
iiclr-17574	709	51	viable	viable	ADJ
iiclr-17574	709	52	retail	retail	ADJ
iiclr-17574	709	53	distribution	distribution	NOUN
iiclr-17574	709	54	channel	channel	NOUN
iiclr-17574	709	55	by	by	ADP
iiclr-17574	709	56	u.s	u.s	PROPN
iiclr-17574	709	57	.	.	PROPN
iiclr-17574	709	58	mutual	mutual	ADJ
iiclr-17574	709	59	funds	fund	NOUN
iiclr-17574	709	60	.	.	PUNCT
iiclr-17574	710	1	'79	'79	NOUN
iiclr-17574	710	2	modeled	model	VERB
iiclr-17574	710	3	on	on	ADP
iiclr-17574	710	4	the	the	DET
iiclr-17574	710	5	u.s	u.s	PROPN
iiclr-17574	710	6	.	.	PROPN
iiclr-17574	710	7	glass	glass	PROPN
iiclr-17574	710	8	-	-	PUNCT
iiclr-17574	710	9	steagall	steagall	PROPN
iiclr-17574	710	10	act	act	PROPN
iiclr-17574	710	11	,	,	PUNCT
iiclr-17574	710	12	article	article	NOUN
iiclr-17574	710	13	65	65	NUM
iiclr-17574	710	14	restrictions	restriction	NOUN
iiclr-17574	710	15	of	of	ADP
iiclr-17574	710	16	the	the	DET
iiclr-17574	710	17	securities	security	NOUN
iiclr-17574	710	18	and	and	CCONJ
iiclr-17574	710	19	exchange	exchange	NOUN
iiclr-17574	710	20	law	law	NOUN
iiclr-17574	710	21	traditionally	traditionally	ADV
iiclr-17574	710	22	precluded	preclude	VERB
iiclr-17574	710	23	banks	bank	NOUN
iiclr-17574	710	24	from	from	ADP
iiclr-17574	710	25	engaging	engage	VERB
iiclr-17574	710	26	in	in	ADP
iiclr-17574	710	27	the	the	DET
iiclr-17574	710	28	securities	security	NOUN
iiclr-17574	710	29	business	business	NOUN
iiclr-17574	710	30	except	except	SCONJ
iiclr-17574	710	31	for	for	ADP
iiclr-17574	710	32	government	government	NOUN
iiclr-17574	710	33	and	and	CCONJ
iiclr-17574	710	34	public	public	ADJ
iiclr-17574	710	35	securities.18	securities.18	VERB
iiclr-17574	710	36	japanese	japanese	ADJ
iiclr-17574	710	37	banks	bank	NOUN
iiclr-17574	710	38	are	be	AUX
iiclr-17574	710	39	therefore	therefore	ADV
iiclr-17574	710	40	not	not	PART
iiclr-17574	710	41	considered	consider	VERB
iiclr-17574	710	42	a	a	DET
iiclr-17574	710	43	distribution	distribution	NOUN
iiclr-17574	710	44	channel	channel	NOUN
iiclr-17574	710	45	for	for	ADP
iiclr-17574	710	46	american	american	ADJ
iiclr-17574	710	47	mutual	mutual	ADJ
iiclr-17574	710	48	funds	fund	NOUN
iiclr-17574	710	49	.	.	PUNCT
iiclr-17574	711	1	as	as	SCONJ
iiclr-17574	711	2	such	such	ADJ
iiclr-17574	711	3	,	,	PUNCT
iiclr-17574	711	4	u.s	u.s	PROPN
iiclr-17574	711	5	.	.	PROPN
iiclr-17574	711	6	mutual	mutual	ADJ
iiclr-17574	711	7	funds	fund	NOUN
iiclr-17574	711	8	are	be	AUX
iiclr-17574	711	9	forced	force	VERB
iiclr-17574	711	10	to	to	PART
iiclr-17574	711	11	make	make	VERB
iiclr-17574	711	12	an	an	DET
iiclr-17574	711	13	entry	entry	NOUN
iiclr-17574	711	14	into	into	ADP
iiclr-17574	711	15	the	the	DET
iiclr-17574	711	16	japanese	japanese	ADJ
iiclr-17574	711	17	financial	financial	ADJ
iiclr-17574	711	18	economy	economy	NOUN
iiclr-17574	711	19	de	de	X
iiclr-17574	711	20	novo	novo	NOUN
iiclr-17574	711	21	by	by	ADP
iiclr-17574	711	22	acquiring	acquire	VERB
iiclr-17574	711	23	the	the	DET
iiclr-17574	711	24	proper	proper	ADJ
iiclr-17574	711	25	licenses	license	NOUN
iiclr-17574	711	26	,	,	PUNCT
iiclr-17574	711	27	or	or	CCONJ
iiclr-17574	711	28	tolerate	tolerate	VERB
iiclr-17574	711	29	their	their	PRON
iiclr-17574	711	30	products	product	NOUN
iiclr-17574	711	31	being	be	AUX
iiclr-17574	711	32	sold	sell	VERB
iiclr-17574	711	33	by	by	ADP
iiclr-17574	711	34	their	their	PRON
iiclr-17574	711	35	competitors	competitor	NOUN
iiclr-17574	711	36	.	.	PUNCT
iiclr-17574	712	1	to	to	ADP
iiclr-17574	712	2	date	date	NOUN
iiclr-17574	712	3	,	,	PUNCT
iiclr-17574	712	4	only	only	ADV
iiclr-17574	712	5	five	five	NUM
iiclr-17574	712	6	u.s	u.s	PROPN
iiclr-17574	712	7	.	.	PROPN
iiclr-17574	712	8	funds	fund	NOUN
iiclr-17574	712	9	,	,	PUNCT
iiclr-17574	712	10	among	among	ADP
iiclr-17574	712	11	them	they	PRON
iiclr-17574	712	12	keystone	keystone	PROPN
iiclr-17574	712	13	and	and	CCONJ
iiclr-17574	712	14	dreyfus	dreyfus	PROPN
iiclr-17574	712	15	,	,	PUNCT
iiclr-17574	712	16	'	'	PUNCT
iiclr-17574	712	17	have	have	AUX
iiclr-17574	712	18	been	be	AUX
iiclr-17574	712	19	able	able	ADJ
iiclr-17574	712	20	to	to	PART
iiclr-17574	712	21	overcome	overcome	VERB
iiclr-17574	712	22	the	the	DET
iiclr-17574	712	23	onerous	onerous	ADJ
iiclr-17574	712	24	regulations	regulation	NOUN
iiclr-17574	712	25	placed	place	VERB
iiclr-17574	712	26	upon	upon	SCONJ
iiclr-17574	712	27	them	they	PRON
iiclr-17574	712	28	.	.	PUNCT
iiclr-17574	713	1	however	however	ADV
iiclr-17574	713	2	,	,	PUNCT
iiclr-17574	713	3	expansion	expansion	NOUN
iiclr-17574	713	4	in	in	ADP
iiclr-17574	713	5	the	the	DET
iiclr-17574	713	6	investment	investment	NOUN
iiclr-17574	713	7	trust	trust	NOUN
iiclr-17574	713	8	market	market	NOUN
iiclr-17574	713	9	by	by	ADP
iiclr-17574	713	10	foreign	foreign	ADJ
iiclr-17574	713	11	players	player	NOUN
iiclr-17574	713	12	could	could	AUX
iiclr-17574	713	13	parallel	parallel	VERB
iiclr-17574	713	14	foreign	foreign	ADJ
iiclr-17574	713	15	expansion	expansion	NOUN
iiclr-17574	713	16	into	into	ADP
iiclr-17574	713	17	the	the	DET
iiclr-17574	713	18	securities	security	NOUN
iiclr-17574	713	19	market	market	NOUN
iiclr-17574	713	20	because	because	SCONJ
iiclr-17574	713	21	of	of	ADP
iiclr-17574	713	22	the	the	DET
iiclr-17574	713	23	mof	mof	NOUN
iiclr-17574	713	24	's	's	PART
iiclr-17574	713	25	current	current	ADJ
iiclr-17574	713	26	reform	reform	NOUN
iiclr-17574	713	27	-	-	PUNCT
iiclr-17574	713	28	orientated	orientate	VERB
iiclr-17574	713	29	posture	posture	NOUN
iiclr-17574	713	30	.	.	PUNCT
iiclr-17574	714	1	the	the	DET
iiclr-17574	714	2	japanese	japanese	ADJ
iiclr-17574	714	3	investment	investment	NOUN
iiclr-17574	714	4	trust	trust	NOUN
iiclr-17574	714	5	market	market	NOUN
iiclr-17574	714	6	historically	historically	ADV
iiclr-17574	714	7	has	have	AUX
iiclr-17574	714	8	been	be	AUX
iiclr-17574	714	9	closed	close	VERB
iiclr-17574	714	10	to	to	ADP
iiclr-17574	714	11	foreign	foreign	ADJ
iiclr-17574	714	12	investment	investment	NOUN
iiclr-17574	714	13	products	product	NOUN
iiclr-17574	714	14	by	by	ADP
iiclr-17574	714	15	a	a	DET
iiclr-17574	714	16	japanese	japanese	ADJ
iiclr-17574	714	17	monetary	monetary	ADJ
iiclr-17574	714	18	policy	policy	NOUN
iiclr-17574	714	19	aimed	aim	VERB
iiclr-17574	714	20	at	at	ADP
iiclr-17574	714	21	minimizing	minimize	VERB
iiclr-17574	714	22	capital	capital	NOUN
iiclr-17574	714	23	outflows	outflow	NOUN
iiclr-17574	714	24	.	.	PUNCT
iiclr-17574	715	1	the	the	DET
iiclr-17574	715	2	mof	mof	NOUN
iiclr-17574	715	3	hesitated	hesitate	VERB
iiclr-17574	715	4	to	to	PART
iiclr-17574	715	5	lift	lift	VERB
iiclr-17574	715	6	restrictions	restriction	NOUN
iiclr-17574	715	7	on	on	ADP
iiclr-17574	715	8	foreign	foreign	ADJ
iiclr-17574	715	9	investment	investment	NOUN
iiclr-17574	715	10	trust	trust	NOUN
iiclr-17574	715	11	securities	security	NOUN
iiclr-17574	715	12	because	because	SCONJ
iiclr-17574	715	13	it	it	PRON
iiclr-17574	715	14	felt	feel	VERB
iiclr-17574	715	15	a	a	DET
iiclr-17574	715	16	need	need	NOUN
iiclr-17574	715	17	to	to	PART
iiclr-17574	715	18	:	:	PUNCT
iiclr-17574	715	19	"	"	PUNCT
iiclr-17574	715	20	(	(	PUNCT
iiclr-17574	715	21	1	1	X
iiclr-17574	715	22	)	)	PUNCT
iiclr-17574	715	23	harmonize	harmonize	VERB
iiclr-17574	715	24	the	the	DET
iiclr-17574	715	25	legal	legal	ADJ
iiclr-17574	715	26	treatment	treatment	NOUN
iiclr-17574	715	27	of	of	ADP
iiclr-17574	715	28	domestic	domestic	ADJ
iiclr-17574	715	29	trusts	trust	NOUN
iiclr-17574	715	30	with	with	ADP
iiclr-17574	715	31	that	that	PRON
iiclr-17574	715	32	of	of	ADP
iiclr-17574	715	33	foreign	foreign	ADJ
iiclr-17574	715	34	trusts	trust	NOUN
iiclr-17574	715	35	established	establish	VERB
iiclr-17574	715	36	under	under	ADP
iiclr-17574	715	37	a	a	DET
iiclr-17574	715	38	variety	variety	NOUN
iiclr-17574	715	39	of	of	ADP
iiclr-17574	715	40	legal	legal	ADJ
iiclr-17574	715	41	regimes	regime	NOUN
iiclr-17574	715	42	;	;	PUNCT
iiclr-17574	715	43	and	and	CCONJ
iiclr-17574	715	44	(	(	PUNCT
iiclr-17574	715	45	2	2	X
iiclr-17574	715	46	)	)	PUNCT
iiclr-17574	715	47	consider	consider	VERB
iiclr-17574	715	48	measures	measure	NOUN
iiclr-17574	715	49	for	for	ADP
iiclr-17574	715	50	investor	investor	NOUN
iiclr-17574	715	51	protection	protection	NOUN
iiclr-17574	715	52	,	,	PUNCT
iiclr-17574	715	53	given	give	VERB
iiclr-17574	715	54	the	the	DET
iiclr-17574	715	55	differences	difference	NOUN
iiclr-17574	715	56	between	between	ADP
iiclr-17574	715	57	foreign	foreign	ADJ
iiclr-17574	715	58	trust	trust	NOUN
iiclr-17574	715	59	securities	security	NOUN
iiclr-17574	715	60	and	and	CCONJ
iiclr-17574	715	61	listed	list	VERB
iiclr-17574	715	62	foreign	foreign	ADJ
iiclr-17574	715	63	securities	security	NOUN
iiclr-17574	715	64	....	....	PUNCT
iiclr-17574	715	65	,	,	PUNCT
iiclr-17574	715	66	the	the	DET
iiclr-17574	715	67	gradual	gradual	ADJ
iiclr-17574	715	68	opening	opening	NOUN
iiclr-17574	715	69	of	of	ADP
iiclr-17574	715	70	the	the	DET
iiclr-17574	715	71	japanese	japanese	ADJ
iiclr-17574	715	72	market	market	NOUN
iiclr-17574	715	73	to	to	ADP
iiclr-17574	715	74	foreign	foreign	ADJ
iiclr-17574	715	75	domiciled	domicile	VERB
iiclr-17574	715	76	177	177	NUM
iiclr-17574	715	77	.	.	PUNCT
iiclr-17574	716	1	i	i	PRON
iiclr-17574	716	2	d.	d.	PROPN
iiclr-17574	716	3	at	at	ADP
iiclr-17574	716	4	4	4	NUM
iiclr-17574	716	5	-	-	SYM
iiclr-17574	716	6	5	5	NUM
iiclr-17574	716	7	.	.	NOUN
iiclr-17574	716	8	178	178	NUM
iiclr-17574	716	9	.	.	PUNCT
iiclr-17574	717	1	joint	joint	ADJ
iiclr-17574	717	2	statement	statement	NOUN
iiclr-17574	717	3	,	,	PUNCT
iiclr-17574	717	4	supra	supra	PROPN
iiclr-17574	717	5	note	note	PROPN
iiclr-17574	717	6	162	162	NUM
iiclr-17574	717	7	,	,	PUNCT
iiclr-17574	717	8	at	at	ADP
iiclr-17574	717	9	12	12	NUM
iiclr-17574	717	10	.	.	PUNCT
iiclr-17574	717	11	179	179	NUM
iiclr-17574	717	12	.	.	PUNCT
iiclr-17574	718	1	at	at	ADP
iiclr-17574	718	2	a	a	DET
iiclr-17574	718	3	maximum	maximum	NOUN
iiclr-17574	718	4	,	,	PUNCT
iiclr-17574	718	5	a	a	DET
iiclr-17574	718	6	bank	bank	NOUN
iiclr-17574	718	7	has	have	AUX
iiclr-17574	718	8	been	be	AUX
iiclr-17574	718	9	able	able	ADJ
iiclr-17574	718	10	to	to	PART
iiclr-17574	718	11	sell	sell	VERB
iiclr-17574	718	12	securities	security	NOUN
iiclr-17574	718	13	for	for	ADP
iiclr-17574	718	14	its	its	PRON
iiclr-17574	718	15	own	own	ADJ
iiclr-17574	718	16	portfolio	portfolio	NOUN
iiclr-17574	718	17	investment	investment	NOUN
iiclr-17574	718	18	or	or	CCONJ
iiclr-17574	718	19	underwrite	underwrite	VERB
iiclr-17574	718	20	government	government	NOUN
iiclr-17574	718	21	bonds	bond	NOUN
iiclr-17574	718	22	,	,	PUNCT
iiclr-17574	718	23	local	local	ADJ
iiclr-17574	718	24	government	government	NOUN
iiclr-17574	718	25	bonds	bond	NOUN
iiclr-17574	718	26	,	,	PUNCT
iiclr-17574	718	27	and	and	CCONJ
iiclr-17574	718	28	government	government	NOUN
iiclr-17574	718	29	guaranteed	guarantee	VERB
iiclr-17574	718	30	bonds	bond	NOUN
iiclr-17574	718	31	.	.	PUNCT
iiclr-17574	719	1	the	the	DET
iiclr-17574	719	2	banking	banking	NOUN
iiclr-17574	719	3	law	law	NOUN
iiclr-17574	719	4	,	,	PUNCT
iiclr-17574	719	5	art	art	NOUN
iiclr-17574	719	6	.	.	PUNCT
iiclr-17574	720	1	10	10	NUM
iiclr-17574	720	2	,	,	PUNCT
iiclr-17574	720	3	§	§	PROPN
iiclr-17574	720	4	2(2	2(2	NUM
iiclr-17574	720	5	)	)	PUNCT
iiclr-17574	720	6	,	,	PUNCT
iiclr-17574	720	7	(	(	PUNCT
iiclr-17574	720	8	4	4	X
iiclr-17574	720	9	)	)	PUNCT
iiclr-17574	720	10	(	(	PUNCT
iiclr-17574	720	11	1981	1981	NUM
iiclr-17574	720	12	)	)	PUNCT
iiclr-17574	720	13	(	(	PUNCT
iiclr-17574	720	14	japan	japan	PROPN
iiclr-17574	720	15	)	)	PUNCT
iiclr-17574	720	16	.	.	PUNCT
iiclr-17574	721	1	180	180	NUM
iiclr-17574	721	2	.	.	PUNCT
iiclr-17574	722	1	japanese	japanese	ADJ
iiclr-17574	722	2	securities	securities	PROPN
iiclr-17574	722	3	and	and	CCONJ
iiclr-17574	722	4	exchange	exchange	NOUN
iiclr-17574	722	5	law	law	NOUN
iiclr-17574	722	6	,	,	PUNCT
iiclr-17574	722	7	supra	supra	PROPN
iiclr-17574	722	8	note	note	PROPN
iiclr-17574	722	9	160	160	NUM
iiclr-17574	722	10	,	,	PUNCT
iiclr-17574	722	11	art	art	NOUN
iiclr-17574	722	12	.	.	PUNCT
iiclr-17574	723	1	65	65	NUM
iiclr-17574	723	2	.	.	X
iiclr-17574	724	1	181	181	NUM
iiclr-17574	724	2	.	.	PUNCT
iiclr-17574	725	1	the	the	DET
iiclr-17574	725	2	other	other	ADJ
iiclr-17574	725	3	three	three	NUM
iiclr-17574	725	4	are	be	AUX
iiclr-17574	725	5	federated	federate	VERB
iiclr-17574	725	6	,	,	PUNCT
iiclr-17574	725	7	fidelity	fidelity	NOUN
iiclr-17574	725	8	,	,	PUNCT
iiclr-17574	725	9	and	and	CCONJ
iiclr-17574	725	10	allied	ally	VERB
iiclr-17574	725	11	.	.	PUNCT
iiclr-17574	726	1	george	george	PROPN
iiclr-17574	726	2	curuby	curuby	PROPN
iiclr-17574	726	3	,	,	PUNCT
iiclr-17574	726	4	selling	sell	VERB
iiclr-17574	726	5	offshore	offshore	ADJ
iiclr-17574	726	6	mutual	mutual	ADJ
iiclr-17574	726	7	funds	fund	NOUN
iiclr-17574	726	8	in	in	ADP
iiclr-17574	726	9	japan	japan	PROPN
iiclr-17574	726	10	1	1	NUM
iiclr-17574	726	11	-	-	PUNCT
iiclr-17574	726	12	14,1	14,1	NUM
iiclr-17574	726	13	-	-	SYM
iiclr-17574	726	14	16	16	NUM
iiclr-17574	726	15	(	(	PUNCT
iiclr-17574	726	16	curuby	curuby	PROPN
iiclr-17574	726	17	&	&	CCONJ
iiclr-17574	726	18	co.	co.	PROPN
iiclr-17574	726	19	1993	1993	NUM
iiclr-17574	726	20	)	)	PUNCT
iiclr-17574	727	1	[	[	X
iiclr-17574	727	2	hereinafter	hereinafter	NOUN
iiclr-17574	727	3	offshore	offshore	ADJ
iiclr-17574	727	4	mutual	mutual	ADJ
iiclr-17574	727	5	funds	fund	NOUN
iiclr-17574	727	6	]	]	PUNCT
iiclr-17574	727	7	(	(	PUNCT
iiclr-17574	727	8	on	on	ADP
iiclr-17574	727	9	file	file	NOUN
iiclr-17574	727	10	with	with	ADP
iiclr-17574	727	11	ind	ind	NOUN
iiclr-17574	727	12	.	.	PUNCT
iiclr-17574	728	1	int'l	int'l	PROPN
iiclr-17574	728	2	&	&	CCONJ
iiclr-17574	728	3	comp	comp	PROPN
iiclr-17574	728	4	.	.	PUNCT
iiclr-17574	729	1	l.	l.	PROPN
iiclr-17574	729	2	rev	rev	PROPN
iiclr-17574	729	3	.	.	PROPN
iiclr-17574	729	4	)	)	PUNCT
iiclr-17574	729	5	.	.	PUNCT
iiclr-17574	730	1	182	182	NUM
iiclr-17574	730	2	.	.	PUNCT
iiclr-17574	731	1	i	i	PRON
iiclr-17574	731	2	d.	d.	PROPN
iiclr-17574	731	3	at	at	ADP
iiclr-17574	731	4	49	49	NUM
iiclr-17574	731	5	.	.	PUNCT
iiclr-17574	732	1	1995	1995	NUM
iiclr-17574	732	2	]	]	X
iiclr-17574	732	3	ind	ind	NOUN
iiclr-17574	732	4	.	.	PUNCT
iiclr-17574	733	1	int'l	int'l	PROPN
iiclr-17574	733	2	&	&	CCONJ
iiclr-17574	733	3	comp	comp	PROPN
iiclr-17574	733	4	.	.	PUNCT
iiclr-17574	734	1	l.	l.	PROPN
iiclr-17574	734	2	rev	rev	PROPN
iiclr-17574	734	3	.	.	PUNCT
iiclr-17574	734	4	investment	investment	NOUN
iiclr-17574	734	5	trusts	trust	NOUN
iiclr-17574	734	6	in	in	ADP
iiclr-17574	734	7	1973	1973	NUM
iiclr-17574	734	8	was	be	AUX
iiclr-17574	734	9	preceded	precede	VERB
iiclr-17574	734	10	by	by	ADP
iiclr-17574	734	11	a	a	DET
iiclr-17574	734	12	period	period	NOUN
iiclr-17574	734	13	of	of	ADP
iiclr-17574	734	14	liberalization	liberalization	NOUN
iiclr-17574	734	15	of	of	ADP
iiclr-17574	734	16	japanese	japanese	ADJ
iiclr-17574	734	17	controls	control	NOUN
iiclr-17574	734	18	during	during	ADP
iiclr-17574	734	19	the	the	DET
iiclr-17574	734	20	1960	1960	NUM
iiclr-17574	734	21	's	's	PART
iiclr-17574	734	22	and	and	CCONJ
iiclr-17574	734	23	early	early	ADJ
iiclr-17574	734	24	1970's.8	1970's.8	NUM
iiclr-17574	734	25	3	3	NUM
iiclr-17574	734	26	the	the	DET
iiclr-17574	734	27	first	first	ADJ
iiclr-17574	734	28	steps	step	NOUN
iiclr-17574	734	29	that	that	PRON
iiclr-17574	734	30	set	set	VERB
iiclr-17574	734	31	the	the	DET
iiclr-17574	734	32	stage	stage	NOUN
iiclr-17574	734	33	for	for	ADP
iiclr-17574	734	34	this	this	DET
iiclr-17574	734	35	process	process	NOUN
iiclr-17574	734	36	were	be	AUX
iiclr-17574	734	37	taken	take	VERB
iiclr-17574	734	38	in	in	ADP
iiclr-17574	734	39	1964	1964	NUM
iiclr-17574	734	40	when	when	SCONJ
iiclr-17574	734	41	japan	japan	PROPN
iiclr-17574	734	42	eased	ease	VERB
iiclr-17574	734	43	foreign	foreign	ADJ
iiclr-17574	734	44	exchange	exchange	NOUN
iiclr-17574	734	45	restrictions	restriction	NOUN
iiclr-17574	734	46	over	over	ADP
iiclr-17574	734	47	current	current	ADJ
iiclr-17574	734	48	transactions	transaction	NOUN
iiclr-17574	734	49	and	and	CCONJ
iiclr-17574	734	50	concurrently	concurrently	ADV
iiclr-17574	734	51	participated	participate	VERB
iiclr-17574	734	52	in	in	ADP
iiclr-17574	734	53	the	the	DET
iiclr-17574	734	54	oecd	oecd	PROPN
iiclr-17574	734	55	code	code	NOUN
iiclr-17574	734	56	of	of	ADP
iiclr-17574	734	57	liberalization	liberalization	NOUN
iiclr-17574	734	58	of	of	ADP
iiclr-17574	734	59	capital	capital	NOUN
iiclr-17574	734	60	movements	movement	NOUN
iiclr-17574	734	61	.	.	PUNCT
iiclr-17574	735	1	84	84	NUM
iiclr-17574	735	2	the	the	DET
iiclr-17574	735	3	liberalization	liberalization	NOUN
iiclr-17574	735	4	measures	measure	NOUN
iiclr-17574	735	5	enabling	enable	VERB
iiclr-17574	735	6	investments	investment	NOUN
iiclr-17574	735	7	in	in	ADP
iiclr-17574	735	8	foreign	foreign	ADJ
iiclr-17574	735	9	domiciled	domicile	VERB
iiclr-17574	735	10	trusts	trust	NOUN
iiclr-17574	735	11	by	by	ADP
iiclr-17574	735	12	japanesenationals	japanesenational	NOUN
iiclr-17574	735	13	included	include	VERB
iiclr-17574	735	14	provisions	provision	NOUN
iiclr-17574	735	15	for	for	ADP
iiclr-17574	735	16	both	both	CCONJ
iiclr-17574	735	17	open	open	ADJ
iiclr-17574	735	18	-	-	PUNCT
iiclr-17574	735	19	end	end	NOUN
iiclr-17574	735	20	and	and	CCONJ
iiclr-17574	735	21	closedend	closedend	NOUN
iiclr-17574	735	22	trusts	trust	VERB
iiclr-17574	735	23	.	.	PUNCT
iiclr-17574	735	24	'	'	PUNCT
iiclr-17574	736	1	the	the	DET
iiclr-17574	736	2	measures	measure	NOUN
iiclr-17574	736	3	aimed	aim	VERB
iiclr-17574	736	4	to	to	PART
iiclr-17574	736	5	loosen	loosen	VERB
iiclr-17574	736	6	restrictions	restriction	NOUN
iiclr-17574	736	7	on	on	ADP
iiclr-17574	736	8	foreign	foreign	ADJ
iiclr-17574	736	9	investment	investment	NOUN
iiclr-17574	736	10	trusts	trust	NOUN
iiclr-17574	736	11	(	(	PUNCT
iiclr-17574	736	12	fits	fit	NOUN
iiclr-17574	736	13	)	)	PUNCT
iiclr-17574	736	14	"	"	PUNCT
iiclr-17574	736	15	and	and	CCONJ
iiclr-17574	736	16	to	to	PART
iiclr-17574	736	17	provide	provide	VERB
iiclr-17574	736	18	for	for	ADP
iiclr-17574	736	19	their	their	PRON
iiclr-17574	736	20	integration	integration	NOUN
iiclr-17574	736	21	into	into	ADP
iiclr-17574	736	22	japan	japan	PROPN
iiclr-17574	736	23	's	's	PART
iiclr-17574	736	24	securities	securities	PROPN
iiclr-17574	736	25	and	and	CCONJ
iiclr-17574	736	26	exchange	exchange	NOUN
iiclr-17574	736	27	law	law	NOUN
iiclr-17574	736	28	.	.	PUNCT
iiclr-17574	737	1	"	"	PUNCT
iiclr-17574	737	2	'	'	PUNCT
iiclr-17574	737	3	8	8	NUM
iiclr-17574	737	4	6	6	NUM
iiclr-17574	737	5	as	as	ADP
iiclr-17574	737	6	a	a	DET
iiclr-17574	737	7	result	result	NOUN
iiclr-17574	737	8	,	,	PUNCT
iiclr-17574	737	9	fits	fit	NOUN
iiclr-17574	737	10	are	be	AUX
iiclr-17574	737	11	defined	define	VERB
iiclr-17574	737	12	as	as	ADP
iiclr-17574	737	13	foreign	foreign	ADJ
iiclr-17574	737	14	securities	security	NOUN
iiclr-17574	737	15	by	by	ADP
iiclr-17574	737	16	a	a	DET
iiclr-17574	737	17	ministry	ministry	NOUN
iiclr-17574	737	18	ordinance	ordinance	NOUN
iiclr-17574	737	19	rather	rather	ADV
iiclr-17574	737	20	than	than	ADP
iiclr-17574	737	21	the	the	DET
iiclr-17574	737	22	japanese	japanese	ADJ
iiclr-17574	737	23	domestic	domestic	ADJ
iiclr-17574	737	24	securities	security	NOUN
iiclr-17574	737	25	investment	investment	NOUN
iiclr-17574	737	26	trust	trust	NOUN
iiclr-17574	737	27	law	law	NOUN
iiclr-17574	737	28	.	.	PUNCT
iiclr-17574	738	1	as	as	ADP
iiclr-17574	738	2	foreign	foreign	ADJ
iiclr-17574	738	3	investment	investment	NOUN
iiclr-17574	738	4	trust	trust	NOUN
iiclr-17574	738	5	securities	security	NOUN
iiclr-17574	738	6	,	,	PUNCT
iiclr-17574	738	7	they	they	PRON
iiclr-17574	738	8	must	must	AUX
iiclr-17574	738	9	file	file	VERB
iiclr-17574	738	10	a	a	DET
iiclr-17574	738	11	securities	security	NOUN
iiclr-17574	738	12	registration	registration	NOUN
iiclr-17574	738	13	statement	statement	NOUN
iiclr-17574	738	14	and	and	CCONJ
iiclr-17574	738	15	a	a	DET
iiclr-17574	738	16	securities	security	NOUN
iiclr-17574	738	17	notice	notice	NOUN
iiclr-17574	738	18	.	.	PUNCT
iiclr-17574	739	1	7	7	NUM
iiclr-17574	739	2	further	far	ADV
iiclr-17574	739	3	,	,	PUNCT
iiclr-17574	739	4	because	because	SCONJ
iiclr-17574	739	5	the	the	DET
iiclr-17574	739	6	only	only	ADJ
iiclr-17574	739	7	type	type	NOUN
iiclr-17574	739	8	of	of	ADP
iiclr-17574	739	9	investment	investment	NOUN
iiclr-17574	739	10	trusts	trust	NOUN
iiclr-17574	739	11	that	that	PRON
iiclr-17574	739	12	can	can	AUX
iiclr-17574	739	13	be	be	AUX
iiclr-17574	739	14	created	create	VERB
iiclr-17574	739	15	and	and	CCONJ
iiclr-17574	739	16	sold	sell	VERB
iiclr-17574	739	17	in	in	ADP
iiclr-17574	739	18	japan	japan	PROPN
iiclr-17574	739	19	are	be	AUX
iiclr-17574	739	20	securities	security	NOUN
iiclr-17574	739	21	investment	investment	NOUN
iiclr-17574	739	22	trusts	trust	NOUN
iiclr-17574	739	23	,	,	PUNCT
iiclr-17574	739	24	the	the	DET
iiclr-17574	739	25	distribution	distribution	NOUN
iiclr-17574	739	26	and	and	CCONJ
iiclr-17574	739	27	administration	administration	NOUN
iiclr-17574	739	28	of	of	ADP
iiclr-17574	739	29	investment	investment	NOUN
iiclr-17574	739	30	trust	trust	NOUN
iiclr-17574	739	31	beneficiary	beneficiary	NOUN
iiclr-17574	739	32	certificates	certificate	NOUN
iiclr-17574	739	33	can	can	AUX
iiclr-17574	739	34	only	only	ADV
iiclr-17574	739	35	be	be	AUX
iiclr-17574	739	36	handled	handle	VERB
iiclr-17574	739	37	by	by	ADP
iiclr-17574	739	38	securities	security	NOUN
iiclr-17574	739	39	companies	company	NOUN
iiclr-17574	739	40	licensed	license	VERB
iiclr-17574	739	41	by	by	ADP
iiclr-17574	739	42	the	the	DET
iiclr-17574	739	43	mof	mof	X
iiclr-17574	739	44	'	'	PUNCT
iiclr-17574	739	45	s8	s8	NOUN
iiclr-17574	739	46	the	the	DET
iiclr-17574	739	47	management	management	NOUN
iiclr-17574	739	48	companies	company	NOUN
iiclr-17574	739	49	themselves	themselves	PRON
iiclr-17574	739	50	are	be	AUX
iiclr-17574	739	51	not	not	PART
iiclr-17574	739	52	able	able	ADJ
iiclr-17574	739	53	to	to	PART
iiclr-17574	739	54	sell	sell	VERB
iiclr-17574	739	55	and	and	CCONJ
iiclr-17574	739	56	redeem	redeem	VERB
iiclr-17574	739	57	their	their	PRON
iiclr-17574	739	58	funds	fund	NOUN
iiclr-17574	739	59	/	/	SYM
iiclr-17574	739	60	trusts	trust	NOUN
iiclr-17574	739	61	directly	directly	ADV
iiclr-17574	739	62	or	or	CCONJ
iiclr-17574	739	63	through	through	ADP
iiclr-17574	739	64	affiliates	affiliate	NOUN
iiclr-17574	739	65	unless	unless	SCONJ
iiclr-17574	739	66	they	they	PRON
iiclr-17574	739	67	use	use	VERB
iiclr-17574	739	68	an	an	DET
iiclr-17574	739	69	affiliate	affiliate	NOUN
iiclr-17574	739	70	with	with	ADP
iiclr-17574	739	71	a	a	DET
iiclr-17574	739	72	broker	broker	NOUN
iiclr-17574	739	73	's	's	PART
iiclr-17574	739	74	license	license	NOUN
iiclr-17574	739	75	.	.	PUNCT
iiclr-17574	740	1	"	"	PUNCT
iiclr-17574	740	2	the	the	DET
iiclr-17574	740	3	first	first	ADJ
iiclr-17574	740	4	foreign	foreign	ADJ
iiclr-17574	740	5	investment	investment	NOUN
iiclr-17574	740	6	trust	trust	NOUN
iiclr-17574	740	7	sold	sell	VERB
iiclr-17574	740	8	as	as	ADP
iiclr-17574	740	9	a	a	DET
iiclr-17574	740	10	public	public	ADJ
iiclr-17574	740	11	offering	offering	NOUN
iiclr-17574	740	12	was	be	AUX
iiclr-17574	740	13	the	the	DET
iiclr-17574	740	14	u.s.domiciled	u.s.domiciled	ADJ
iiclr-17574	740	15	'	'	PUNCT
iiclr-17574	740	16	dreyfus	dreyfus	PROPN
iiclr-17574	740	17	fund	fund	PROPN
iiclr-17574	740	18	,	,	PUNCT
iiclr-17574	740	19	'	'	PUNCT
iiclr-17574	740	20	distributed	distribute	VERB
iiclr-17574	740	21	by	by	ADP
iiclr-17574	740	22	daiwa	daiwa	PROPN
iiclr-17574	740	23	securities	security	NOUN
iiclr-17574	740	24	in	in	ADP
iiclr-17574	740	25	january	january	PROPN
iiclr-17574	740	26	1973	1973	NUM
iiclr-17574	740	27	.	.	PUNCT
iiclr-17574	741	1	''	''	PUNCT
iiclr-17574	741	2	189	189	NUM
iiclr-17574	741	3	from	from	ADP
iiclr-17574	741	4	1974	1974	NUM
iiclr-17574	741	5	to	to	ADP
iiclr-17574	741	6	1982	1982	NUM
iiclr-17574	741	7	,	,	PUNCT
iiclr-17574	741	8	"	"	PUNCT
iiclr-17574	741	9	only	only	ADV
iiclr-17574	741	10	[	[	X
iiclr-17574	741	11	twelve	twelve	NUM
iiclr-17574	741	12	]	]	X
iiclr-17574	741	13	additional	additional	ADJ
iiclr-17574	741	14	foreign	foreign	ADJ
iiclr-17574	741	15	trusts	trust	NOUN
iiclr-17574	741	16	were	be	AUX
iiclr-17574	741	17	publicly	publicly	ADV
iiclr-17574	741	18	offered	offer	VERB
iiclr-17574	741	19	due	due	ADP
iiclr-17574	741	20	to	to	ADP
iiclr-17574	741	21	a	a	DET
iiclr-17574	741	22	japanese	japanese	ADJ
iiclr-17574	741	23	monetary	monetary	ADJ
iiclr-17574	741	24	policy	policy	NOUN
iiclr-17574	741	25	aimed	aim	VERB
iiclr-17574	741	26	at	at	ADP
iiclr-17574	741	27	minimizing	minimize	VERB
iiclr-17574	741	28	capital	capital	NOUN
iiclr-17574	741	29	outflows	outflow	NOUN
iiclr-17574	741	30	....	....	PUNCT
iiclr-17574	741	31	1190	1190	NUM
iiclr-17574	741	32	from	from	ADP
iiclr-17574	741	33	1983	1983	NUM
iiclr-17574	741	34	to	to	ADP
iiclr-17574	741	35	1985	1985	NUM
iiclr-17574	741	36	,	,	PUNCT
iiclr-17574	741	37	twenty	twenty	NUM
iiclr-17574	741	38	-	-	PUNCT
iiclr-17574	741	39	one	one	NUM
iiclr-17574	741	40	new	new	ADJ
iiclr-17574	741	41	foreign	foreign	ADJ
iiclr-17574	741	42	trusts	trust	NOUN
iiclr-17574	741	43	were	be	AUX
iiclr-17574	741	44	publicly	publicly	ADV
iiclr-17574	741	45	offered	offer	VERB
iiclr-17574	741	46	in	in	ADP
iiclr-17574	741	47	japan	japan	PROPN
iiclr-17574	741	48	,	,	PUNCT
iiclr-17574	741	49	thereby	thereby	ADV
iiclr-17574	741	50	bringing	bring	VERB
iiclr-17574	741	51	the	the	DET
iiclr-17574	741	52	total	total	NOUN
iiclr-17574	741	53	to	to	ADP
iiclr-17574	741	54	forty	forty	NUM
iiclr-17574	741	55	trusts	trust	NOUN
iiclr-17574	741	56	.	.	PUNCT
iiclr-17574	742	1	'9	'9	NUM
iiclr-17574	742	2	by	by	ADP
iiclr-17574	742	3	1987	1987	NUM
iiclr-17574	742	4	,	,	PUNCT
iiclr-17574	742	5	there	there	PRON
iiclr-17574	742	6	were	be	VERB
iiclr-17574	742	7	a	a	DET
iiclr-17574	742	8	total	total	NOUN
iiclr-17574	742	9	of	of	ADP
iiclr-17574	742	10	eighty	eighty	NUM
iiclr-17574	742	11	-	-	PUNCT
iiclr-17574	742	12	two	two	NUM
iiclr-17574	742	13	publicly	publicly	ADV
iiclr-17574	742	14	offered	offer	VERB
iiclr-17574	742	15	foreign	foreign	ADJ
iiclr-17574	742	16	investment	investment	NOUN
iiclr-17574	742	17	trusts	trust	NOUN
iiclr-17574	742	18	in	in	ADP
iiclr-17574	742	19	japan	japan	PROPN
iiclr-17574	742	20	with	with	ADP
iiclr-17574	742	21	assets	asset	NOUN
iiclr-17574	742	22	of	of	ADP
iiclr-17574	742	23	$	$	SYM
iiclr-17574	742	24	6.4	6.4	NUM
iiclr-17574	742	25	billion	billion	NUM
iiclr-17574	742	26	.	.	PUNCT
iiclr-17574	742	27	'	'	PUNCT
iiclr-17574	743	1	9	9	NUM
iiclr-17574	743	2	"	"	PUNCT
iiclr-17574	743	3	at	at	ADP
iiclr-17574	743	4	the	the	DET
iiclr-17574	743	5	end	end	NOUN
iiclr-17574	743	6	of	of	ADP
iiclr-17574	743	7	september	september	PROPN
iiclr-17574	743	8	1993	1993	NUM
iiclr-17574	743	9	,	,	PUNCT
iiclr-17574	743	10	there	there	PRON
iiclr-17574	743	11	were	be	VERB
iiclr-17574	743	12	5,943	5,943	NUM
iiclr-17574	743	13	total	total	ADJ
iiclr-17574	743	14	securities	security	NOUN
iiclr-17574	743	15	investment	investment	NOUN
iiclr-17574	743	16	trusts	trust	NOUN
iiclr-17574	743	17	in	in	ADP
iiclr-17574	743	18	japan	japan	PROPN
iiclr-17574	743	19	accounting	account	VERB
iiclr-17574	743	20	for	for	ADP
iiclr-17574	743	21	y	y	PROPN
iiclr-17574	743	22	47.5	47.5	NUM
iiclr-17574	743	23	trillion	trillion	NUM
iiclr-17574	743	24	(	(	PUNCT
iiclr-17574	743	25	about	about	ADV
iiclr-17574	743	26	$	$	SYM
iiclr-17574	743	27	430	430	NUM
iiclr-17574	743	28	billion	billion	NUM
iiclr-17574	743	29	)	)	PUNCT
iiclr-17574	743	30	in	in	ADP
iiclr-17574	743	31	assets	asset	NOUN
iiclr-17574	743	32	.	.	PUNCT
iiclr-17574	743	33	'	'	PUNCT
iiclr-17574	743	34	'	'	PUNCT
iiclr-17574	744	1	as	as	ADP
iiclr-17574	744	2	of	of	ADP
iiclr-17574	744	3	june	june	PROPN
iiclr-17574	744	4	1993	1993	NUM
iiclr-17574	744	5	,	,	PUNCT
iiclr-17574	744	6	there	there	PRON
iiclr-17574	744	7	were	be	VERB
iiclr-17574	744	8	247	247	NUM
iiclr-17574	744	9	publicly	publicly	ADV
iiclr-17574	744	10	offered	offer	VERB
iiclr-17574	744	11	offshore	offshore	ADJ
iiclr-17574	744	12	funds	fund	NOUN
iiclr-17574	744	13	/	/	SYM
iiclr-17574	744	14	investment	investment	NOUN
iiclr-17574	744	15	trusts	trust	VERB
iiclr-17574	744	16	183	183	NUM
iiclr-17574	744	17	.	.	PUNCT
iiclr-17574	745	1	i	i	PRON
iiclr-17574	745	2	d.	d.	PROPN
iiclr-17574	745	3	184	184	NUM
iiclr-17574	745	4	.	.	PUNCT
iiclr-17574	746	1	i	i	PRON
iiclr-17574	746	2	d.	d.	PROPN
iiclr-17574	746	3	185	185	NUM
iiclr-17574	746	4	.	.	PUNCT
iiclr-17574	747	1	i	i	PRON
iiclr-17574	747	2	d.	d.	PROPN
iiclr-17574	747	3	at	at	ADP
iiclr-17574	747	4	50	50	NUM
iiclr-17574	747	5	.	.	PUNCT
iiclr-17574	747	6	186	186	NUM
iiclr-17574	747	7	.	.	PUNCT
iiclr-17574	748	1	i	i	PRON
iiclr-17574	748	2	d.	d.	PROPN
iiclr-17574	748	3	187	187	NUM
iiclr-17574	748	4	.	.	PUNCT
iiclr-17574	749	1	offshore	offshore	ADJ
iiclr-17574	749	2	mutual	mutual	ADJ
iiclr-17574	749	3	funds	fund	NOUN
iiclr-17574	749	4	,	,	PUNCT
iiclr-17574	749	5	supra	supra	PROPN
iiclr-17574	749	6	note	note	NOUN
iiclr-17574	749	7	181	181	NUM
iiclr-17574	749	8	,	,	PUNCT
iiclr-17574	749	9	at	at	ADP
iiclr-17574	749	10	57	57	NUM
iiclr-17574	749	11	(	(	PUNCT
iiclr-17574	749	12	citing	cite	VERB
iiclr-17574	749	13	ministry	ministry	PROPN
iiclr-17574	749	14	of	of	ADP
iiclr-17574	749	15	finance	finance	PROPN
iiclr-17574	749	16	,	,	PUNCT
iiclr-17574	749	17	ordinance	ordinance	NOUN
iiclr-17574	749	18	no	no	NOUN
iiclr-17574	749	19	.	.	PROPN
iiclr-17574	749	20	78	78	NUM
iiclr-17574	749	21	(	(	PUNCT
iiclr-17574	749	22	nov	nov	PROPN
iiclr-17574	749	23	.	.	PROPN
iiclr-17574	749	24	18	18	NUM
iiclr-17574	749	25	,	,	PUNCT
iiclr-17574	749	26	1972	1972	NUM
iiclr-17574	749	27	)	)	PUNCT
iiclr-17574	749	28	(	(	PUNCT
iiclr-17574	749	29	japan	japan	PROPN
iiclr-17574	749	30	)	)	PUNCT
iiclr-17574	749	31	)	)	PUNCT
iiclr-17574	749	32	.	.	PUNCT
iiclr-17574	750	1	188	188	NUM
iiclr-17574	750	2	.	.	PUNCT
iiclr-17574	751	1	offshore	offshore	ADJ
iiclr-17574	751	2	mutual	mutual	ADJ
iiclr-17574	751	3	fnds	fnd	NOUN
iiclr-17574	751	4	,	,	PUNCT
iiclr-17574	751	5	supra	supra	PROPN
iiclr-17574	751	6	note	note	NOUN
iiclr-17574	751	7	181	181	NUM
iiclr-17574	751	8	,	,	PUNCT
iiclr-17574	751	9	at	at	ADP
iiclr-17574	751	10	61	61	NUM
iiclr-17574	751	11	.	.	PUNCT
iiclr-17574	751	12	189	189	NUM
iiclr-17574	751	13	.	.	PUNCT
iiclr-17574	752	1	i	i	PRON
iiclr-17574	752	2	d.	d.	PROPN
iiclr-17574	752	3	at	at	ADP
iiclr-17574	752	4	45	45	NUM
iiclr-17574	752	5	.	.	PUNCT
iiclr-17574	752	6	190	190	NUM
iiclr-17574	752	7	.	.	PUNCT
iiclr-17574	753	1	i	i	PRON
iiclr-17574	753	2	d.	d.	PROPN
iiclr-17574	753	3	191	191	NUM
iiclr-17574	753	4	.	.	PUNCT
iiclr-17574	754	1	i	i	PRON
iiclr-17574	754	2	d.	d.	PROPN
iiclr-17574	754	3	192	192	NUM
iiclr-17574	754	4	.	.	PUNCT
iiclr-17574	755	1	i	i	PRON
iiclr-17574	755	2	d.	d.	PROPN
iiclr-17574	755	3	at	at	ADP
iiclr-17574	755	4	46	46	NUM
iiclr-17574	755	5	.	.	PUNCT
iiclr-17574	755	6	193	193	NUM
iiclr-17574	755	7	.	.	PUNCT
iiclr-17574	756	1	investment	investment	NOUN
iiclr-17574	756	2	trust	trust	NOUN
iiclr-17574	756	3	management	management	NOUN
iiclr-17574	756	4	,	,	PUNCT
iiclr-17574	756	5	supra	supra	PROPN
iiclr-17574	756	6	note	note	NOUN
iiclr-17574	756	7	11	11	NUM
iiclr-17574	756	8	.	.	PUNCT
iiclr-17574	757	1	[	[	X
iiclr-17574	757	2	vol	vol	NOUN
iiclr-17574	757	3	.	.	PUNCT
iiclr-17574	757	4	5:2	5:2	NUM
iiclr-17574	757	5	mutual	mutual	ADJ
iiclr-17574	757	6	fund	fund	NOUN
iiclr-17574	757	7	emergence	emergence	VERB
iiclr-17574	757	8	in	in	ADP
iiclr-17574	757	9	japan	japan	PROPN
iiclr-17574	757	10	with	with	ADP
iiclr-17574	757	11	an	an	DET
iiclr-17574	757	12	outstanding	outstanding	ADJ
iiclr-17574	757	13	$	$	SYM
iiclr-17574	757	14	6.4	6.4	NUM
iiclr-17574	757	15	billion	billion	NUM
iiclr-17574	757	16	in	in	ADP
iiclr-17574	757	17	net	net	ADJ
iiclr-17574	757	18	assets	asset	NOUN
iiclr-17574	757	19	held	hold	VERB
iiclr-17574	757	20	by	by	ADP
iiclr-17574	757	21	japanese	japanese	ADJ
iiclr-17574	757	22	investors	investor	NOUN
iiclr-17574	757	23	.	.	PUNCT
iiclr-17574	757	24	'	'	PUNCT
iiclr-17574	758	1	94	94	NUM
iiclr-17574	758	2	on	on	ADP
iiclr-17574	758	3	an	an	DET
iiclr-17574	758	4	annual	annual	ADJ
iiclr-17574	758	5	new	new	ADJ
iiclr-17574	758	6	fund	fund	NOUN
iiclr-17574	758	7	sales	sale	NOUN
iiclr-17574	758	8	basis	basis	NOUN
iiclr-17574	758	9	,	,	PUNCT
iiclr-17574	758	10	the	the	DET
iiclr-17574	758	11	public	public	ADJ
iiclr-17574	758	12	offering	offering	NOUN
iiclr-17574	758	13	of	of	ADP
iiclr-17574	758	14	offshore	offshore	ADJ
iiclr-17574	758	15	funds	fund	NOUN
iiclr-17574	758	16	peaked	peak	VERB
iiclr-17574	758	17	in	in	ADP
iiclr-17574	758	18	1989	1989	NUM
iiclr-17574	758	19	with	with	ADP
iiclr-17574	758	20	43	43	NUM
iiclr-17574	758	21	new	new	ADJ
iiclr-17574	758	22	funds	fund	NOUN
iiclr-17574	758	23	totaling	total	VERB
iiclr-17574	758	24	$	$	SYM
iiclr-17574	758	25	2.8	2.8	NUM
iiclr-17574	758	26	billion	billion	NUM
iiclr-17574	758	27	.	.	PUNCT
iiclr-17574	759	1	this	this	PRON
iiclr-17574	759	2	declined	decline	VERB
iiclr-17574	759	3	to	to	ADP
iiclr-17574	759	4	38	38	NUM
iiclr-17574	759	5	funds	fund	NOUN
iiclr-17574	759	6	worth	worth	ADJ
iiclr-17574	759	7	$	$	SYM
iiclr-17574	759	8	1.9	1.9	NUM
iiclr-17574	759	9	billion	billion	NUM
iiclr-17574	759	10	in	in	ADP
iiclr-17574	759	11	1990	1990	NUM
iiclr-17574	759	12	,	,	PUNCT
iiclr-17574	759	13	19	19	NUM
iiclr-17574	759	14	funds	fund	NOUN
iiclr-17574	759	15	worth	worth	ADJ
iiclr-17574	759	16	$	$	SYM
iiclr-17574	759	17	660	660	NUM
iiclr-17574	759	18	million	million	NUM
iiclr-17574	759	19	in	in	ADP
iiclr-17574	759	20	1991	1991	NUM
iiclr-17574	759	21	,	,	PUNCT
iiclr-17574	759	22	14	14	NUM
iiclr-17574	759	23	funds	fund	NOUN
iiclr-17574	759	24	worth	worth	ADJ
iiclr-17574	759	25	$	$	SYM
iiclr-17574	759	26	540	540	NUM
iiclr-17574	759	27	million	million	NUM
iiclr-17574	759	28	in	in	ADP
iiclr-17574	759	29	1992	1992	NUM
iiclr-17574	759	30	,	,	PUNCT
iiclr-17574	759	31	and	and	CCONJ
iiclr-17574	759	32	6	6	NUM
iiclr-17574	759	33	funds	fund	NOUN
iiclr-17574	759	34	worth	worth	ADJ
iiclr-17574	759	35	$	$	SYM
iiclr-17574	759	36	330	330	NUM
iiclr-17574	759	37	million	million	NUM
iiclr-17574	759	38	in	in	ADP
iiclr-17574	759	39	the	the	DET
iiclr-17574	759	40	first	first	ADJ
iiclr-17574	759	41	half	half	NOUN
iiclr-17574	759	42	of	of	ADP
iiclr-17574	759	43	1993	1993	NUM
iiclr-17574	759	44	.	.	PUNCT
iiclr-17574	760	1	on	on	ADP
iiclr-17574	760	2	an	an	DET
iiclr-17574	760	3	aggregate	aggregate	ADJ
iiclr-17574	760	4	outstanding	outstanding	ADJ
iiclr-17574	760	5	nav	nav	NOUN
iiclr-17574	760	6	basis	basis	NOUN
iiclr-17574	760	7	,	,	PUNCT
iiclr-17574	760	8	offshore	offshore	ADJ
iiclr-17574	760	9	funds	fund	NOUN
iiclr-17574	760	10	publicly	publicly	ADV
iiclr-17574	760	11	offered	offer	VERB
iiclr-17574	760	12	reached	reach	VERB
iiclr-17574	760	13	their	their	PRON
iiclr-17574	760	14	zenith	zenith	NOUN
iiclr-17574	760	15	at	at	ADP
iiclr-17574	760	16	the	the	DET
iiclr-17574	760	17	end	end	NOUN
iiclr-17574	760	18	of	of	ADP
iiclr-17574	760	19	march	march	PROPN
iiclr-17574	760	20	1991	1991	NUM
iiclr-17574	760	21	at	at	ADP
iiclr-17574	760	22	$	$	SYM
iiclr-17574	760	23	9.2	9.2	NUM
iiclr-17574	760	24	billion	billion	NUM
iiclr-17574	760	25	.	.	PUNCT
iiclr-17574	761	1	since	since	SCONJ
iiclr-17574	761	2	1991	1991	NUM
iiclr-17574	761	3	,	,	PUNCT
iiclr-17574	761	4	total	total	ADJ
iiclr-17574	761	5	assets	asset	NOUN
iiclr-17574	761	6	invested	invest	VERB
iiclr-17574	761	7	in	in	ADP
iiclr-17574	761	8	investment	investment	NOUN
iiclr-17574	761	9	trusts	trust	NOUN
iiclr-17574	761	10	has	have	AUX
iiclr-17574	761	11	been	be	AUX
iiclr-17574	761	12	decreasing	decrease	VERB
iiclr-17574	761	13	.	.	PUNCT
iiclr-17574	762	1	195	195	NUM
iiclr-17574	762	2	the	the	DET
iiclr-17574	762	3	decline	decline	NOUN
iiclr-17574	762	4	resulted	result	VERB
iiclr-17574	762	5	from	from	ADP
iiclr-17574	762	6	:	:	PUNCT
iiclr-17574	762	7	(	(	PUNCT
iiclr-17574	762	8	1	1	X
iiclr-17574	762	9	)	)	PUNCT
iiclr-17574	762	10	an	an	DET
iiclr-17574	762	11	overall	overall	ADJ
iiclr-17574	762	12	decrease	decrease	NOUN
iiclr-17574	762	13	in	in	ADP
iiclr-17574	762	14	investments	investment	NOUN
iiclr-17574	762	15	by	by	ADP
iiclr-17574	762	16	japanese	japanese	ADJ
iiclr-17574	762	17	residents	resident	NOUN
iiclr-17574	762	18	and	and	CCONJ
iiclr-17574	762	19	problems	problem	NOUN
iiclr-17574	762	20	with	with	ADP
iiclr-17574	762	21	financial	financial	ADJ
iiclr-17574	762	22	institutions	institution	NOUN
iiclr-17574	762	23	;	;	PUNCT
iiclr-17574	762	24	(	(	PUNCT
iiclr-17574	762	25	2	2	X
iiclr-17574	762	26	)	)	PUNCT
iiclr-17574	762	27	the	the	DET
iiclr-17574	762	28	appreciation	appreciation	NOUN
iiclr-17574	762	29	of	of	ADP
iiclr-17574	762	30	the	the	DET
iiclr-17574	762	31	yen	yen	NOUN
iiclr-17574	762	32	which	which	PRON
iiclr-17574	762	33	has	have	AUX
iiclr-17574	762	34	outpaced	outpace	VERB
iiclr-17574	762	35	.	.	PUNCT
iiclr-17574	762	36	.	.	PUNCT
iiclr-17574	762	37	.	.	PUNCT
iiclr-17574	763	1	the	the	DET
iiclr-17574	763	2	performance	performance	NOUN
iiclr-17574	763	3	of	of	ADP
iiclr-17574	763	4	most	most	ADJ
iiclr-17574	763	5	funds	fund	NOUN
iiclr-17574	763	6	during	during	ADP
iiclr-17574	763	7	the	the	DET
iiclr-17574	763	8	period	period	NOUN
iiclr-17574	763	9	;	;	PUNCT
iiclr-17574	763	10	(	(	PUNCT
iiclr-17574	763	11	3	3	X
iiclr-17574	763	12	)	)	PUNCT
iiclr-17574	763	13	the	the	DET
iiclr-17574	763	14	establishment	establishment	NOUN
iiclr-17574	763	15	of	of	ADP
iiclr-17574	763	16	foreign	foreign	ADJ
iiclr-17574	763	17	-	-	PUNCT
iiclr-17574	763	18	affiliated	affiliate	VERB
iiclr-17574	763	19	mutual	mutual	ADJ
iiclr-17574	763	20	fund	fund	NOUN
iiclr-17574	763	21	firms	firm	NOUN
iiclr-17574	763	22	in	in	ADP
iiclr-17574	763	23	japan	japan	PROPN
iiclr-17574	763	24	;	;	PUNCT
iiclr-17574	763	25	and	and	CCONJ
iiclr-17574	763	26	(	(	PUNCT
iiclr-17574	763	27	4	4	X
iiclr-17574	763	28	)	)	PUNCT
iiclr-17574	763	29	the	the	DET
iiclr-17574	763	30	lackluster	lackluster	ADJ
iiclr-17574	763	31	japanese	japanese	ADJ
iiclr-17574	763	32	stock	stock	NOUN
iiclr-17574	763	33	market	market	NOUN
iiclr-17574	763	34	,	,	PUNCT
iiclr-17574	763	35	which	which	PRON
iiclr-17574	763	36	has	have	AUX
iiclr-17574	763	37	led	lead	VERB
iiclr-17574	763	38	both	both	CCONJ
iiclr-17574	763	39	japanese	japanese	ADJ
iiclr-17574	763	40	and	and	CCONJ
iiclr-17574	763	41	onshore	onshore	ADJ
iiclr-17574	763	42	foreign	foreign	ADJ
iiclr-17574	763	43	mutual	mutual	ADJ
iiclr-17574	763	44	fund	fund	NOUN
iiclr-17574	763	45	operators	operator	NOUN
iiclr-17574	763	46	to	to	PART
iiclr-17574	763	47	create	create	VERB
iiclr-17574	763	48	a	a	DET
iiclr-17574	763	49	large	large	ADJ
iiclr-17574	763	50	number	number	NOUN
iiclr-17574	763	51	of	of	ADP
iiclr-17574	763	52	domestic	domestic	ADJ
iiclr-17574	763	53	trusts	trust	NOUN
iiclr-17574	763	54	specializing	specialize	VERB
iiclr-17574	763	55	in	in	ADP
iiclr-17574	763	56	offshore	offshore	ADJ
iiclr-17574	763	57	investment	investment	NOUN
iiclr-17574	763	58	.	.	PUNCT
iiclr-17574	764	1	196	196	NUM
iiclr-17574	764	2	foreign	foreign	ADJ
iiclr-17574	764	3	-	-	PUNCT
iiclr-17574	764	4	owned	own	VERB
iiclr-17574	764	5	investment	investment	NOUN
iiclr-17574	764	6	trust	trust	NOUN
iiclr-17574	764	7	management	management	NOUN
iiclr-17574	764	8	companies	company	NOUN
iiclr-17574	764	9	recently	recently	ADV
iiclr-17574	764	10	were	be	AUX
iiclr-17574	764	11	allowed	allow	VERB
iiclr-17574	764	12	to	to	PART
iiclr-17574	764	13	compete	compete	VERB
iiclr-17574	764	14	directly	directly	ADV
iiclr-17574	764	15	with	with	ADP
iiclr-17574	764	16	japanese	japanese	ADJ
iiclr-17574	764	17	investment	investment	NOUN
iiclr-17574	764	18	trust	trust	NOUN
iiclr-17574	764	19	management	management	NOUN
iiclr-17574	764	20	companies	company	NOUN
iiclr-17574	764	21	by	by	ADP
iiclr-17574	764	22	becoming	become	VERB
iiclr-17574	764	23	eligible	eligible	ADJ
iiclr-17574	764	24	for	for	ADP
iiclr-17574	764	25	licenses	license	NOUN
iiclr-17574	764	26	,	,	PUNCT
iiclr-17574	764	27	rather	rather	ADV
iiclr-17574	764	28	than	than	ADP
iiclr-17574	764	29	just	just	ADV
iiclr-17574	764	30	have	have	VERB
iiclr-17574	764	31	their	their	PRON
iiclr-17574	764	32	products	product	NOUN
iiclr-17574	764	33	sold	sell	VERB
iiclr-17574	764	34	,	,	PUNCT
iiclr-17574	764	35	in	in	ADP
iiclr-17574	764	36	the	the	DET
iiclr-17574	764	37	japanese	japanese	ADJ
iiclr-17574	764	38	market	market	NOUN
iiclr-17574	764	39	.	.	PUNCT
iiclr-17574	765	1	9	9	NUM
iiclr-17574	765	2	7	7	NUM
iiclr-17574	765	3	this	this	DET
iiclr-17574	765	4	quiet	quiet	ADJ
iiclr-17574	765	5	reform	reform	NOUN
iiclr-17574	765	6	is	be	AUX
iiclr-17574	765	7	probably	probably	ADV
iiclr-17574	765	8	the	the	DET
iiclr-17574	765	9	result	result	NOUN
iiclr-17574	765	10	of	of	ADP
iiclr-17574	765	11	investor	investor	NOUN
iiclr-17574	765	12	intolerance	intolerance	NOUN
iiclr-17574	765	13	of	of	ADP
iiclr-17574	765	14	what	what	PRON
iiclr-17574	765	15	will	will	AUX
iiclr-17574	765	16	become	become	VERB
iiclr-17574	765	17	past	past	ADJ
iiclr-17574	765	18	investment	investment	NOUN
iiclr-17574	765	19	trust	trust	NOUN
iiclr-17574	765	20	practices	practice	NOUN
iiclr-17574	765	21	.	.	PUNCT
iiclr-17574	766	1	further	far	ADV
iiclr-17574	766	2	,	,	PUNCT
iiclr-17574	766	3	japanese	japanese	ADJ
iiclr-17574	766	4	investment	investment	NOUN
iiclr-17574	766	5	trusts	trust	NOUN
iiclr-17574	766	6	have	have	AUX
iiclr-17574	766	7	performed	perform	VERB
iiclr-17574	766	8	poorly	poorly	ADV
iiclr-17574	766	9	when	when	SCONJ
iiclr-17574	766	10	compared	compare	VERB
iiclr-17574	766	11	to	to	ADP
iiclr-17574	766	12	the	the	DET
iiclr-17574	766	13	risk	risk	NOUN
iiclr-17574	766	14	-	-	PUNCT
iiclr-17574	766	15	adjusted	adjust	VERB
iiclr-17574	766	16	market	market	NOUN
iiclr-17574	766	17	return	return	NOUN
iiclr-17574	766	18	.	.	PUNCT
iiclr-17574	767	1	the	the	DET
iiclr-17574	767	2	reasons	reason	NOUN
iiclr-17574	767	3	for	for	ADP
iiclr-17574	767	4	the	the	DET
iiclr-17574	767	5	poor	poor	ADJ
iiclr-17574	767	6	performance	performance	NOUN
iiclr-17574	767	7	include	include	VERB
iiclr-17574	767	8	high	high	ADJ
iiclr-17574	767	9	transaction	transaction	NOUN
iiclr-17574	767	10	costs	cost	NOUN
iiclr-17574	767	11	,	,	PUNCT
iiclr-17574	767	12	government	government	NOUN
iiclr-17574	767	13	regulations	regulation	NOUN
iiclr-17574	767	14	on	on	ADP
iiclr-17574	767	15	fund	fund	NOUN
iiclr-17574	767	16	activities	activity	NOUN
iiclr-17574	767	17	,	,	PUNCT
iiclr-17574	767	18	and	and	CCONJ
iiclr-17574	767	19	lack	lack	NOUN
iiclr-17574	767	20	of	of	ADP
iiclr-17574	767	21	competition	competition	NOUN
iiclr-17574	767	22	.	.	PUNCT
iiclr-17574	767	23	'	'	PUNCT
iiclr-17574	768	1	consequently	consequently	ADV
iiclr-17574	768	2	,	,	PUNCT
iiclr-17574	768	3	investors	investor	NOUN
iiclr-17574	768	4	withdrew	withdraw	VERB
iiclr-17574	768	5	a	a	DET
iiclr-17574	768	6	net	net	ADJ
iiclr-17574	768	7	y	y	PROPN
iiclr-17574	768	8	2.8	2.8	NUM
iiclr-17574	768	9	trillion	trillion	NUM
iiclr-17574	768	10	from	from	ADP
iiclr-17574	768	11	stock	stock	NOUN
iiclr-17574	768	12	-	-	PUNCT
iiclr-17574	768	13	investment	investment	NOUN
iiclr-17574	768	14	trusts	trust	NOUN
iiclr-17574	768	15	in	in	ADP
iiclr-17574	768	16	the	the	DET
iiclr-17574	768	17	first	first	ADJ
iiclr-17574	768	18	nine	nine	NUM
iiclr-17574	768	19	months	month	NOUN
iiclr-17574	768	20	of	of	ADP
iiclr-17574	768	21	1993	1993	NUM
iiclr-17574	768	22	.	.	PUNCT
iiclr-17574	768	23	"	"	PUNCT
iiclr-17574	769	1	194	194	NUM
iiclr-17574	769	2	.	.	PUNCT
iiclr-17574	770	1	offshore	offshore	ADJ
iiclr-17574	770	2	mutual	mutual	ADJ
iiclr-17574	770	3	funds	fund	NOUN
iiclr-17574	770	4	,	,	PUNCT
iiclr-17574	770	5	supra	supra	PROPN
iiclr-17574	770	6	note	note	NOUN
iiclr-17574	770	7	181	181	NUM
iiclr-17574	770	8	,	,	PUNCT
iiclr-17574	770	9	at	at	ADP
iiclr-17574	770	10	i-1	i-1	NUM
iiclr-17574	770	11	.	.	PUNCT
iiclr-17574	771	1	195	195	NUM
iiclr-17574	771	2	.	.	PUNCT
iiclr-17574	772	1	i	i	PRON
iiclr-17574	772	2	d.	d.	PROPN
iiclr-17574	772	3	196	196	NUM
iiclr-17574	772	4	.	.	PUNCT
iiclr-17574	773	1	i	i	PRON
iiclr-17574	773	2	d.	d.	PROPN
iiclr-17574	773	3	197	197	NUM
iiclr-17574	773	4	.	.	PUNCT
iiclr-17574	774	1	tanabe	tanabe	PROPN
iiclr-17574	774	2	,	,	PUNCT
iiclr-17574	774	3	supra	supra	PROPN
iiclr-17574	774	4	note	note	NOUN
iiclr-17574	774	5	154	154	NUM
iiclr-17574	774	6	,	,	PUNCT
iiclr-17574	774	7	at	at	ADP
iiclr-17574	774	8	411	411	NUM
iiclr-17574	774	9	(	(	PUNCT
iiclr-17574	774	10	report	report	NOUN
iiclr-17574	774	11	by	by	ADP
iiclr-17574	774	12	the	the	DET
iiclr-17574	774	13	study	study	NOUN
iiclr-17574	774	14	group	group	NOUN
iiclr-17574	774	15	on	on	ADP
iiclr-17574	774	16	investment	investment	NOUN
iiclr-17574	774	17	trusts	trust	NOUN
iiclr-17574	774	18	,	,	PUNCT
iiclr-17574	774	19	securities	security	NOUN
iiclr-17574	774	20	bureau	bureau	NOUN
iiclr-17574	774	21	of	of	ADP
iiclr-17574	774	22	the	the	DET
iiclr-17574	774	23	ministry	ministry	PROPN
iiclr-17574	774	24	of	of	ADP
iiclr-17574	774	25	finance	finance	PROPN
iiclr-17574	774	26	(	(	PUNCT
iiclr-17574	774	27	1988	1988	NUM
iiclr-17574	774	28	)	)	PUNCT
iiclr-17574	774	29	)	)	PUNCT
iiclr-17574	774	30	.	.	PUNCT
iiclr-17574	775	1	"	"	PUNCT
iiclr-17574	775	2	as	as	ADP
iiclr-17574	775	3	of	of	ADP
iiclr-17574	775	4	january	january	PROPN
iiclr-17574	775	5	,	,	PUNCT
iiclr-17574	775	6	1992	1992	NUM
iiclr-17574	775	7	,	,	PUNCT
iiclr-17574	775	8	four	four	NUM
iiclr-17574	775	9	foreign	foreign	ADJ
iiclr-17574	775	10	-	-	PUNCT
iiclr-17574	775	11	affiliated	affiliate	VERB
iiclr-17574	775	12	financial	financial	ADJ
iiclr-17574	775	13	companies	company	NOUN
iiclr-17574	775	14	have	have	AUX
iiclr-17574	775	15	been	be	AUX
iiclr-17574	775	16	approved	approve	VERB
iiclr-17574	775	17	to	to	PART
iiclr-17574	775	18	get	get	VERB
iiclr-17574	775	19	a	a	DET
iiclr-17574	775	20	license	license	NOUN
iiclr-17574	775	21	to	to	PART
iiclr-17574	775	22	establish	establish	VERB
iiclr-17574	775	23	investment	investment	NOUN
iiclr-17574	775	24	trust	trust	NOUN
iiclr-17574	775	25	management	management	NOUN
iiclr-17574	775	26	companies	company	NOUN
iiclr-17574	775	27	.	.	PUNCT
iiclr-17574	775	28	"	"	PUNCT
iiclr-17574	776	1	i	i	PRON
iiclr-17574	776	2	d.	d.	VERB
iiclr-17574	776	3	at	at	ADP
iiclr-17574	776	4	n.42	n.42	PROPN
iiclr-17574	776	5	.	.	PROPN
iiclr-17574	776	6	198	198	NUM
iiclr-17574	776	7	.	.	PUNCT
iiclr-17574	777	1	junko	junko	PROPN
iiclr-17574	777	2	maru	maru	PROPN
iiclr-17574	777	3	,	,	PUNCT
iiclr-17574	777	4	the	the	DET
iiclr-17574	777	5	structure	structure	NOUN
iiclr-17574	777	6	and	and	CCONJ
iiclr-17574	777	7	performance	performance	NOUN
iiclr-17574	777	8	of	of	ADP
iiclr-17574	777	9	investment	investment	NOUN
iiclr-17574	777	10	trists	trist	NOUN
iiclr-17574	777	11	in	in	ADP
iiclr-17574	777	12	japan	japan	PROPN
iiclr-17574	777	13	,	,	PUNCT
iiclr-17574	777	14	in	in	ADP
iiclr-17574	777	15	japanese	japanese	ADJ
iiclr-17574	777	16	capital	capital	NOUN
iiclr-17574	777	17	markets	market	NOUN
iiclr-17574	777	18	489	489	NUM
iiclr-17574	777	19	(	(	PUNCT
iiclr-17574	777	20	shinji	shinji	PROPN
iiclr-17574	777	21	takagi	takagi	PROPN
iiclr-17574	777	22	ed	ed	NOUN
iiclr-17574	777	23	.	.	PROPN
iiclr-17574	777	24	,	,	PUNCT
iiclr-17574	777	25	1993	1993	NUM
iiclr-17574	777	26	)	)	PUNCT
iiclr-17574	777	27	.	.	PUNCT
iiclr-17574	778	1	199	199	NUM
iiclr-17574	778	2	.	.	PUNCT
iiclr-17574	779	1	punting	punt	VERB
iiclr-17574	779	2	,	,	PUNCT
iiclr-17574	779	3	supra	supra	PROPN
iiclr-17574	779	4	note	note	NOUN
iiclr-17574	779	5	12	12	NUM
iiclr-17574	779	6	.	.	PUNCT
iiclr-17574	779	7	19951	19951	NUM
iiclr-17574	779	8	ind	ind	NOUN
iiclr-17574	779	9	.	.	PUNCT
iiclr-17574	780	1	int'l	int'l	PROPN
iiclr-17574	780	2	&	&	CCONJ
iiclr-17574	780	3	comp	comp	PROPN
iiclr-17574	780	4	.	.	PUNCT
iiclr-17574	781	1	l.	l.	PROPN
iiclr-17574	781	2	rev	rev	PROPN
iiclr-17574	781	3	.	.	PROPN
iiclr-17574	782	1	d.	d.	PROPN
iiclr-17574	782	2	us	us	PROPN
iiclr-17574	782	3	mutual	mutual	ADJ
iiclr-17574	782	4	fund	fund	NOUN
iiclr-17574	782	5	procedure	procedure	NOUN
iiclr-17574	782	6	in	in	ADP
iiclr-17574	782	7	japanese	japanese	ADJ
iiclr-17574	782	8	market	market	NOUN
iiclr-17574	782	9	entry	entry	NOUN
iiclr-17574	782	10	the	the	DET
iiclr-17574	782	11	primary	primary	ADJ
iiclr-17574	782	12	impediments	impediment	NOUN
iiclr-17574	782	13	to	to	ADP
iiclr-17574	782	14	u.s	u.s	PROPN
iiclr-17574	782	15	.	.	PROPN
iiclr-17574	782	16	mutual	mutual	ADJ
iiclr-17574	782	17	fund	fund	NOUN
iiclr-17574	782	18	entry	entry	NOUN
iiclr-17574	782	19	into	into	ADP
iiclr-17574	782	20	the	the	DET
iiclr-17574	782	21	japanese	japanese	ADJ
iiclr-17574	782	22	investment	investment	NOUN
iiclr-17574	782	23	trust	trust	NOUN
iiclr-17574	782	24	business	business	NOUN
iiclr-17574	782	25	have	have	AUX
iiclr-17574	782	26	been	be	AUX
iiclr-17574	782	27	licensing	license	VERB
iiclr-17574	782	28	,	,	PUNCT
iiclr-17574	782	29	costs	cost	NOUN
iiclr-17574	782	30	of	of	ADP
iiclr-17574	782	31	entry	entry	NOUN
iiclr-17574	782	32	,	,	PUNCT
iiclr-17574	782	33	and	and	CCONJ
iiclr-17574	782	34	distribution	distribution	NOUN
iiclr-17574	782	35	problems	problem	NOUN
iiclr-17574	782	36	.	.	PUNCT
iiclr-17574	783	1	although	although	SCONJ
iiclr-17574	783	2	the	the	DET
iiclr-17574	783	3	minimum	minimum	ADJ
iiclr-17574	783	4	capital	capital	NOUN
iiclr-17574	783	5	requirements	requirement	NOUN
iiclr-17574	783	6	for	for	ADP
iiclr-17574	783	7	license	license	NOUN
iiclr-17574	783	8	eligibility	eligibility	NOUN
iiclr-17574	783	9	have	have	AUX
iiclr-17574	783	10	been	be	AUX
iiclr-17574	783	11	reduced	reduce	VERB
iiclr-17574	783	12	,	,	PUNCT
iiclr-17574	783	13	other	other	ADJ
iiclr-17574	783	14	costs	cost	NOUN
iiclr-17574	783	15	associated	associate	VERB
iiclr-17574	783	16	with	with	ADP
iiclr-17574	783	17	licensing	licensing	NOUN
iiclr-17574	783	18	and	and	CCONJ
iiclr-17574	783	19	registration	registration	NOUN
iiclr-17574	783	20	have	have	AUX
iiclr-17574	783	21	raised	raise	VERB
iiclr-17574	783	22	questions	question	NOUN
iiclr-17574	783	23	about	about	ADP
iiclr-17574	783	24	the	the	DET
iiclr-17574	783	25	commercial	commercial	ADJ
iiclr-17574	783	26	viability	viability	NOUN
iiclr-17574	783	27	of	of	ADP
iiclr-17574	783	28	foreign	foreign	ADJ
iiclr-17574	783	29	mutual	mutual	ADJ
iiclr-17574	783	30	fund	fund	NOUN
iiclr-17574	783	31	management	management	NOUN
iiclr-17574	783	32	companies	company	NOUN
iiclr-17574	783	33	.	.	PUNCT
iiclr-17574	784	1	additionally	additionally	ADV
iiclr-17574	784	2	,	,	PUNCT
iiclr-17574	784	3	the	the	DET
iiclr-17574	784	4	application	application	NOUN
iiclr-17574	784	5	and	and	CCONJ
iiclr-17574	784	6	approval	approval	NOUN
iiclr-17574	784	7	process	process	NOUN
iiclr-17574	784	8	is	be	AUX
iiclr-17574	784	9	highly	highly	ADV
iiclr-17574	784	10	subjective	subjective	ADJ
iiclr-17574	784	11	,	,	PUNCT
iiclr-17574	784	12	which	which	PRON
iiclr-17574	784	13	invariably	invariably	ADV
iiclr-17574	784	14	makes	make	VERB
iiclr-17574	784	15	u.s	u.s	PROPN
iiclr-17574	784	16	.	.	PROPN
iiclr-17574	784	17	competitors	competitor	NOUN
iiclr-17574	784	18	reluctant	reluctant	ADJ
iiclr-17574	784	19	to	to	PART
iiclr-17574	784	20	expend	expend	VERB
iiclr-17574	784	21	the	the	DET
iiclr-17574	784	22	efforts	effort	NOUN
iiclr-17574	784	23	abroad	abroad	ADV
iiclr-17574	784	24	while	while	SCONJ
iiclr-17574	784	25	business	business	NOUN
iiclr-17574	784	26	has	have	AUX
iiclr-17574	784	27	been	be	AUX
iiclr-17574	784	28	rewarding	reward	VERB
iiclr-17574	784	29	at	at	ADP
iiclr-17574	784	30	home	home	NOUN
iiclr-17574	784	31	.	.	PUNCT
iiclr-17574	785	1	in	in	ADP
iiclr-17574	785	2	recent	recent	ADJ
iiclr-17574	785	3	years	year	NOUN
iiclr-17574	785	4	,	,	PUNCT
iiclr-17574	785	5	however	however	ADV
iiclr-17574	785	6	,	,	PUNCT
iiclr-17574	785	7	the	the	DET
iiclr-17574	785	8	mof	mof	NOUN
iiclr-17574	785	9	has	have	AUX
iiclr-17574	785	10	made	make	VERB
iiclr-17574	785	11	reforms	reform	NOUN
iiclr-17574	785	12	designed	design	VERB
iiclr-17574	785	13	to	to	PART
iiclr-17574	785	14	attract	attract	VERB
iiclr-17574	785	15	u.s	u.s	PROPN
iiclr-17574	785	16	.	.	PROPN
iiclr-17574	785	17	and	and	CCONJ
iiclr-17574	785	18	other	other	ADJ
iiclr-17574	785	19	foreign	foreign	ADJ
iiclr-17574	785	20	fund	fund	NOUN
iiclr-17574	785	21	companies	company	NOUN
iiclr-17574	785	22	.	.	PUNCT
iiclr-17574	786	1	because	because	SCONJ
iiclr-17574	786	2	beneficiary	beneficiary	NOUN
iiclr-17574	786	3	certificates	certificate	NOUN
iiclr-17574	786	4	of	of	ADP
iiclr-17574	786	5	foreign	foreign	ADJ
iiclr-17574	786	6	mutual	mutual	ADJ
iiclr-17574	786	7	funds	fund	NOUN
iiclr-17574	786	8	are	be	AUX
iiclr-17574	786	9	defined	define	VERB
iiclr-17574	786	10	as	as	ADP
iiclr-17574	786	11	securities	security	NOUN
iiclr-17574	786	12	under	under	ADP
iiclr-17574	786	13	the	the	DET
iiclr-17574	786	14	japanese	japanese	ADJ
iiclr-17574	786	15	securities	securities	PROPN
iiclr-17574	786	16	and	and	CCONJ
iiclr-17574	786	17	exchange	exchange	NOUN
iiclr-17574	786	18	law	law	NOUN
iiclr-17574	786	19	,	,	PUNCT
iiclr-17574	786	20	they	they	PRON
iiclr-17574	786	21	are	be	AUX
iiclr-17574	786	22	subject	subject	ADJ
iiclr-17574	786	23	to	to	ADP
iiclr-17574	786	24	securities	security	NOUN
iiclr-17574	786	25	industry	industry	NOUN
iiclr-17574	786	26	regulations	regulation	NOUN
iiclr-17574	786	27	.	.	PUNCT
iiclr-17574	786	28	"	"	PUNCT
iiclr-17574	787	1	0	0	PUNCT
iiclr-17574	787	2	when	when	SCONJ
iiclr-17574	787	3	a	a	DET
iiclr-17574	787	4	company	company	NOUN
iiclr-17574	787	5	makes	make	VERB
iiclr-17574	787	6	public	public	ADJ
iiclr-17574	787	7	offerings	offering	NOUN
iiclr-17574	787	8	of	of	ADP
iiclr-17574	787	9	mutual	mutual	ADJ
iiclr-17574	787	10	funds	fund	NOUN
iiclr-17574	787	11	,	,	PUNCT
iiclr-17574	787	12	those	those	PRON
iiclr-17574	787	13	which	which	PRON
iiclr-17574	787	14	are	be	AUX
iiclr-17574	787	15	offered	offer	VERB
iiclr-17574	787	16	to	to	ADP
iiclr-17574	787	17	fifty	fifty	NUM
iiclr-17574	787	18	or	or	CCONJ
iiclr-17574	787	19	more	more	ADJ
iiclr-17574	787	20	investors	investor	NOUN
iiclr-17574	787	21	on	on	ADP
iiclr-17574	787	22	equal	equal	ADJ
iiclr-17574	787	23	terms	term	NOUN
iiclr-17574	787	24	and	and	CCONJ
iiclr-17574	787	25	conditions	condition	NOUN
iiclr-17574	787	26	for	for	ADP
iiclr-17574	787	27	a	a	DET
iiclr-17574	787	28	specified	specified	ADJ
iiclr-17574	787	29	period	period	NOUN
iiclr-17574	787	30	of	of	ADP
iiclr-17574	787	31	time	time	NOUN
iiclr-17574	787	32	,	,	PUNCT
iiclr-17574	787	33	a	a	DET
iiclr-17574	787	34	securities	security	NOUN
iiclr-17574	787	35	registration	registration	NOUN
iiclr-17574	787	36	statement	statement	NOUN
iiclr-17574	787	37	and	and	CCONJ
iiclr-17574	787	38	a	a	DET
iiclr-17574	787	39	foreign	foreign	ADJ
iiclr-17574	787	40	registration	registration	NOUN
iiclr-17574	787	41	statement	statement	NOUN
iiclr-17574	787	42	with	with	ADP
iiclr-17574	787	43	the	the	DET
iiclr-17574	787	44	mof	mof	NOUN
iiclr-17574	787	45	must	must	AUX
iiclr-17574	787	46	be	be	AUX
iiclr-17574	787	47	filed.2	filed.2	NOUN
iiclr-17574	787	48	'	'	PUNCT
iiclr-17574	787	49	"	"	PUNCT
iiclr-17574	787	50	the	the	DET
iiclr-17574	787	51	documentation	documentation	NOUN
iiclr-17574	787	52	and	and	CCONJ
iiclr-17574	787	53	filing	filing	NOUN
iiclr-17574	787	54	of	of	ADP
iiclr-17574	787	55	a	a	DET
iiclr-17574	787	56	public	public	ADJ
iiclr-17574	787	57	offering	offering	NOUN
iiclr-17574	787	58	entails	entail	VERB
iiclr-17574	787	59	costs	cost	NOUN
iiclr-17574	787	60	ranging	range	VERB
iiclr-17574	787	61	from	from	ADP
iiclr-17574	787	62	$	$	SYM
iiclr-17574	787	63	50,000	50,000	NUM
iiclr-17574	787	64	to	to	PART
iiclr-17574	787	65	$	$	SYM
iiclr-17574	787	66	100,000	100,000	NUM
iiclr-17574	787	67	,	,	PUNCT
iiclr-17574	787	68	depending	depend	VERB
iiclr-17574	787	69	on	on	ADP
iiclr-17574	787	70	the	the	DET
iiclr-17574	787	71	offshore	offshore	ADJ
iiclr-17574	787	72	domicile	domicile	NOUN
iiclr-17574	787	73	and	and	CCONJ
iiclr-17574	787	74	whether	whether	SCONJ
iiclr-17574	787	75	the	the	DET
iiclr-17574	787	76	fund	fund	NOUN
iiclr-17574	787	77	is	be	AUX
iiclr-17574	787	78	already	already	ADV
iiclr-17574	787	79	in	in	ADP
iiclr-17574	787	80	operation	operation	NOUN
iiclr-17574	787	81	....	....	PUNCT
iiclr-17574	787	82	from	from	ADP
iiclr-17574	787	83	initial	initial	ADJ
iiclr-17574	787	84	discussions	discussion	NOUN
iiclr-17574	787	85	to	to	ADP
iiclr-17574	787	86	actual	actual	ADJ
iiclr-17574	787	87	launch	launch	NOUN
iiclr-17574	787	88	takes	take	VERB
iiclr-17574	787	89	2	2	NUM
iiclr-17574	787	90	-	-	SYM
iiclr-17574	787	91	3	3	NUM
iiclr-17574	787	92	months	month	NOUN
iiclr-17574	787	93	.	.	PUNCT
iiclr-17574	788	1	"	"	PUNCT
iiclr-17574	788	2	20	20	NUM
iiclr-17574	788	3	2	2	NUM
iiclr-17574	788	4	private	private	ADJ
iiclr-17574	788	5	placements	placement	NOUN
iiclr-17574	788	6	of	of	ADP
iiclr-17574	788	7	fits	fit	NOUN
iiclr-17574	788	8	,	,	PUNCT
iiclr-17574	788	9	those	those	PRON
iiclr-17574	788	10	offered	offer	VERB
iiclr-17574	788	11	to	to	PART
iiclr-17574	788	12	between	between	ADP
iiclr-17574	788	13	fifty	fifty	NUM
iiclr-17574	788	14	and	and	CCONJ
iiclr-17574	788	15	500	500	NUM
iiclr-17574	788	16	institutional	institutional	ADJ
iiclr-17574	788	17	investors	investor	NOUN
iiclr-17574	788	18	on	on	ADP
iiclr-17574	788	19	equal	equal	ADJ
iiclr-17574	788	20	terms	term	NOUN
iiclr-17574	788	21	,	,	PUNCT
iiclr-17574	788	22	are	be	AUX
iiclr-17574	788	23	required	require	VERB
iiclr-17574	788	24	to	to	PART
iiclr-17574	788	25	file	file	VERB
iiclr-17574	788	26	a	a	DET
iiclr-17574	788	27	less	less	ADV
iiclr-17574	788	28	onerous	onerous	ADJ
iiclr-17574	788	29	securities	security	NOUN
iiclr-17574	788	30	notice	notice	VERB
iiclr-17574	788	31	instead	instead	ADV
iiclr-17574	788	32	of	of	ADP
iiclr-17574	788	33	a	a	DET
iiclr-17574	788	34	registration	registration	NOUN
iiclr-17574	788	35	statement.2	statement.2	NOUN
iiclr-17574	788	36	3	3	NUM
iiclr-17574	788	37	a	a	DET
iiclr-17574	788	38	registration	registration	NOUN
iiclr-17574	788	39	statement	statement	NOUN
iiclr-17574	788	40	becomes	become	VERB
iiclr-17574	788	41	necessary	necessary	ADJ
iiclr-17574	788	42	,	,	PUNCT
iiclr-17574	788	43	however	however	ADV
iiclr-17574	788	44	,	,	PUNCT
iiclr-17574	788	45	if	if	SCONJ
iiclr-17574	788	46	the	the	DET
iiclr-17574	788	47	fund	fund	NOUN
iiclr-17574	788	48	is	be	AUX
iiclr-17574	788	49	offered	offer	VERB
iiclr-17574	788	50	to	to	PART
iiclr-17574	788	51	more	more	ADJ
iiclr-17574	788	52	than	than	ADP
iiclr-17574	788	53	500	500	NUM
iiclr-17574	788	54	qualified	qualified	ADJ
iiclr-17574	788	55	institutional	institutional	ADJ
iiclr-17574	788	56	investors	investor	NOUN
iiclr-17574	788	57	.	.	PUNCT
iiclr-17574	788	58	)	)	PUNCT
iiclr-17574	789	1	°	°	ADP
iiclr-17574	790	1	the	the	DET
iiclr-17574	790	2	notification	notification	NOUN
iiclr-17574	790	3	process	process	NOUN
iiclr-17574	790	4	may	may	AUX
iiclr-17574	790	5	require	require	VERB
iiclr-17574	790	6	full	full	ADJ
iiclr-17574	790	7	explanation	explanation	NOUN
iiclr-17574	790	8	to	to	ADP
iiclr-17574	790	9	the	the	DET
iiclr-17574	790	10	mof	mof	NOUN
iiclr-17574	790	11	regarding	regard	VERB
iiclr-17574	790	12	"	"	PUNCT
iiclr-17574	790	13	funds	fund	NOUN
iiclr-17574	790	14	with	with	ADP
iiclr-17574	790	15	esoteric	esoteric	ADJ
iiclr-17574	790	16	or	or	CCONJ
iiclr-17574	790	17	high	high	ADJ
iiclr-17574	790	18	risk	risk	NOUN
iiclr-17574	790	19	investment	investment	NOUN
iiclr-17574	790	20	goals	goal	NOUN
iiclr-17574	790	21	.	.	PUNCT
iiclr-17574	791	1	,	,	PUNCT
iiclr-17574	791	2	20	20	NUM
iiclr-17574	791	3	'	'	PUNCT
iiclr-17574	791	4	the	the	DET
iiclr-17574	791	5	funds	fund	NOUN
iiclr-17574	791	6	also	also	ADV
iiclr-17574	791	7	must	must	AUX
iiclr-17574	791	8	appoint	appoint	VERB
iiclr-17574	791	9	a	a	DET
iiclr-17574	791	10	designated	designate	VERB
iiclr-17574	791	11	broker	broker	NOUN
iiclr-17574	791	12	as	as	ADP
iiclr-17574	791	13	sales	sale	NOUN
iiclr-17574	791	14	agent	agent	NOUN
iiclr-17574	791	15	in	in	ADP
iiclr-17574	791	16	japan.20	japan.20	PROPN
iiclr-17574	791	17	6	6	NUM
iiclr-17574	791	18	since	since	SCONJ
iiclr-17574	791	19	the	the	DET
iiclr-17574	791	20	paperwork	paperwork	NOUN
iiclr-17574	791	21	is	be	AUX
iiclr-17574	791	22	not	not	PART
iiclr-17574	791	23	as	as	ADV
iiclr-17574	791	24	great	great	ADJ
iiclr-17574	791	25	as	as	ADP
iiclr-17574	791	26	public	public	ADJ
iiclr-17574	791	27	offerings	offering	NOUN
iiclr-17574	791	28	,	,	PUNCT
iiclr-17574	791	29	the	the	DET
iiclr-17574	791	30	associated	associated	ADJ
iiclr-17574	791	31	costs	cost	NOUN
iiclr-17574	791	32	are	be	AUX
iiclr-17574	791	33	lower	low	ADJ
iiclr-17574	791	34	,	,	PUNCT
iiclr-17574	791	35	and	and	CCONJ
iiclr-17574	791	36	the	the	DET
iiclr-17574	791	37	whole	whole	ADJ
iiclr-17574	791	38	process	process	NOUN
iiclr-17574	791	39	may	may	AUX
iiclr-17574	791	40	be	be	AUX
iiclr-17574	791	41	completed	complete	VERB
iiclr-17574	791	42	in	in	ADP
iiclr-17574	791	43	a	a	DET
iiclr-17574	791	44	six	six	NUM
iiclr-17574	791	45	-	-	PUNCT
iiclr-17574	791	46	week	week	NOUN
iiclr-17574	791	47	period.0	period.0	NOUN
iiclr-17574	791	48	7	7	NUM
iiclr-17574	791	49	200	200	NUM
iiclr-17574	791	50	.	.	PUNCT
iiclr-17574	792	1	japanese	japanese	ADJ
iiclr-17574	792	2	securities	securities	PROPN
iiclr-17574	792	3	and	and	CCONJ
iiclr-17574	792	4	exchange	exchange	NOUN
iiclr-17574	792	5	law	law	NOUN
iiclr-17574	792	6	,	,	PUNCT
iiclr-17574	792	7	supra	supra	PROPN
iiclr-17574	792	8	note	note	PROPN
iiclr-17574	792	9	160	160	NUM
iiclr-17574	792	10	,	,	PUNCT
iiclr-17574	792	11	art	art	NOUN
iiclr-17574	792	12	.	.	PUNCT
iiclr-17574	793	1	2(l)(vii	2(l)(vii	NUM
iiclr-17574	793	2	)	)	PUNCT
iiclr-17574	793	3	.	.	PUNCT
iiclr-17574	794	1	in	in	ADP
iiclr-17574	794	2	contrast	contrast	NOUN
iiclr-17574	794	3	,	,	PUNCT
iiclr-17574	794	4	the	the	DET
iiclr-17574	794	5	securities	securities	PROPN
iiclr-17574	794	6	and	and	CCONJ
iiclr-17574	794	7	exchange	exchange	NOUN
iiclr-17574	794	8	law	law	NOUN
iiclr-17574	794	9	does	do	AUX
iiclr-17574	794	10	not	not	PART
iiclr-17574	794	11	,	,	PUNCT
iiclr-17574	794	12	at	at	ADP
iiclr-17574	794	13	present	present	ADJ
iiclr-17574	794	14	,	,	PUNCT
iiclr-17574	794	15	apply	apply	VERB
iiclr-17574	794	16	to	to	ADP
iiclr-17574	794	17	domestic	domestic	ADJ
iiclr-17574	794	18	investment	investment	NOUN
iiclr-17574	794	19	trusts	trust	NOUN
iiclr-17574	794	20	.	.	PUNCT
iiclr-17574	795	1	ichiro	ichiro	PROPN
iiclr-17574	795	2	kawamoto	kawamoto	NOUN
iiclr-17574	795	3	,	,	PUNCT
iiclr-17574	795	4	investment	investment	NOUN
iiclr-17574	795	5	trusts	trust	NOUN
iiclr-17574	795	6	,	,	PUNCT
iiclr-17574	795	7	in	in	ADP
iiclr-17574	795	8	japanese	japanese	ADJ
iiclr-17574	795	9	securrtes	securrte	VERB
iiclr-17574	795	10	regulation	regulation	VERB
iiclr-17574	795	11	209,221	209,221	NUM
iiclr-17574	795	12	(	(	PUNCT
iiclr-17574	795	13	lewis	lewis	PROPN
iiclr-17574	795	14	et	et	PROPN
iiclr-17574	795	15	al	al	PROPN
iiclr-17574	795	16	.	.	PUNCT
iiclr-17574	796	1	eds	eds	PROPN
iiclr-17574	796	2	.	.	PROPN
iiclr-17574	796	3	,	,	PUNCT
iiclr-17574	796	4	1983	1983	NUM
iiclr-17574	796	5	)	)	PUNCT
iiclr-17574	796	6	.	.	PUNCT
iiclr-17574	797	1	201	201	NUM
iiclr-17574	797	2	.	.	PUNCT
iiclr-17574	798	1	offshore	offshore	ADJ
iiclr-17574	798	2	mutual	mutual	ADJ
iiclr-17574	798	3	funds	fund	NOUN
iiclr-17574	798	4	,	,	PUNCT
iiclr-17574	798	5	supra	supra	PROPN
iiclr-17574	798	6	note	note	NOUN
iiclr-17574	798	7	181	181	NUM
iiclr-17574	798	8	,	,	PUNCT
iiclr-17574	798	9	at	at	ADP
iiclr-17574	798	10	1	1	NUM
iiclr-17574	798	11	-	-	SYM
iiclr-17574	798	12	3	3	NUM
iiclr-17574	798	13	.	.	NUM
iiclr-17574	799	1	202	202	NUM
iiclr-17574	799	2	.	.	PUNCT
iiclr-17574	800	1	i	i	PRON
iiclr-17574	800	2	d.	d.	PROPN
iiclr-17574	800	3	203	203	NUM
iiclr-17574	800	4	.	.	PUNCT
iiclr-17574	801	1	i	i	PRON
iiclr-17574	801	2	d.	d.	PROPN
iiclr-17574	801	3	204	204	NUM
iiclr-17574	801	4	.	.	PUNCT
iiclr-17574	802	1	i	i	PRON
iiclr-17574	802	2	d.	d.	PROPN
iiclr-17574	802	3	205	205	NUM
iiclr-17574	802	4	.	.	PUNCT
iiclr-17574	803	1	i	i	PRON
iiclr-17574	803	2	d.	d.	PROPN
iiclr-17574	803	3	at	at	ADP
iiclr-17574	803	4	1	1	NUM
iiclr-17574	803	5	-	-	SYM
iiclr-17574	803	6	4	4	NUM
iiclr-17574	803	7	.	.	NOUN
iiclr-17574	803	8	206	206	NUM
iiclr-17574	803	9	.	.	PUNCT
iiclr-17574	804	1	i	i	PRON
iiclr-17574	804	2	d.	d.	PROPN
iiclr-17574	804	3	at	at	ADP
iiclr-17574	804	4	1	1	NUM
iiclr-17574	804	5	-	-	SYM
iiclr-17574	804	6	3	3	NUM
iiclr-17574	804	7	.	.	NOUN
iiclr-17574	804	8	207	207	NUM
iiclr-17574	804	9	.	.	PUNCT
iiclr-17574	805	1	i	i	PRON
iiclr-17574	805	2	d.	d.	PROPN
iiclr-17574	805	3	at	at	ADP
iiclr-17574	805	4	1	1	NUM
iiclr-17574	805	5	-	-	SYM
iiclr-17574	805	6	4	4	NUM
iiclr-17574	805	7	.	.	PUNCT
iiclr-17574	806	1	[	[	X
iiclr-17574	806	2	vol	vol	NOUN
iiclr-17574	806	3	.	.	PUNCT
iiclr-17574	806	4	5:2	5:2	NUM
iiclr-17574	806	5	mutual	mutual	ADJ
iiclr-17574	806	6	fund	fund	NOUN
iiclr-17574	806	7	emergence	emergence	VERB
iiclr-17574	806	8	in	in	ADP
iiclr-17574	806	9	addition	addition	NOUN
iiclr-17574	806	10	to	to	ADP
iiclr-17574	806	11	filing	file	VERB
iiclr-17574	806	12	with	with	ADP
iiclr-17574	806	13	the	the	DET
iiclr-17574	806	14	mof	mof	ADJ
iiclr-17574	806	15	,	,	PUNCT
iiclr-17574	806	16	foreign	foreign	ADJ
iiclr-17574	806	17	investment	investment	NOUN
iiclr-17574	806	18	trusts	trust	VERB
iiclr-17574	806	19	that	that	PRON
iiclr-17574	806	20	sell	sell	VERB
iiclr-17574	806	21	to	to	ADP
iiclr-17574	806	22	fifty	fifty	NUM
iiclr-17574	806	23	or	or	CCONJ
iiclr-17574	806	24	more	more	ADJ
iiclr-17574	806	25	persons	person	NOUN
iiclr-17574	806	26	,	,	PUNCT
iiclr-17574	806	27	not	not	PART
iiclr-17574	806	28	necessarily	necessarily	ADV
iiclr-17574	806	29	japanese	japanese	ADJ
iiclr-17574	806	30	nationals	national	NOUN
iiclr-17574	806	31	,	,	PUNCT
iiclr-17574	806	32	within	within	ADP
iiclr-17574	806	33	a	a	DET
iiclr-17574	806	34	six	six	NUM
iiclr-17574	806	35	-	-	PUNCT
iiclr-17574	806	36	month	month	NOUN
iiclr-17574	806	37	period	period	NOUN
iiclr-17574	806	38	also	also	ADV
iiclr-17574	806	39	must	must	AUX
iiclr-17574	806	40	file	file	VERB
iiclr-17574	806	41	a	a	DET
iiclr-17574	806	42	registration	registration	NOUN
iiclr-17574	806	43	statement	statement	NOUN
iiclr-17574	806	44	with	with	ADP
iiclr-17574	806	45	the	the	DET
iiclr-17574	806	46	national	national	ADJ
iiclr-17574	806	47	securities	securities	PROPN
iiclr-17574	806	48	dealers	dealers	PROPN
iiclr-17574	806	49	association	association	PROPN
iiclr-17574	806	50	(	(	PUNCT
iiclr-17574	806	51	nsda	nsda	NOUN
iiclr-17574	806	52	)	)	PUNCT
iiclr-17574	806	53	for	for	ADP
iiclr-17574	806	54	disclosure	disclosure	NOUN
iiclr-17574	806	55	purposes.2	purposes.2	NOUN
iiclr-17574	806	56	8	8	NUM
iiclr-17574	806	57	in	in	ADP
iiclr-17574	806	58	addition	addition	NOUN
iiclr-17574	806	59	to	to	ADP
iiclr-17574	806	60	the	the	DET
iiclr-17574	806	61	securities	securities	PROPN
iiclr-17574	806	62	and	and	CCONJ
iiclr-17574	806	63	exchange	exchange	NOUN
iiclr-17574	806	64	law	law	NOUN
iiclr-17574	806	65	requirements	requirement	NOUN
iiclr-17574	806	66	,	,	PUNCT
iiclr-17574	806	67	publicly	publicly	ADV
iiclr-17574	806	68	offered	offer	VERB
iiclr-17574	806	69	fits	fit	NOUN
iiclr-17574	806	70	must	must	AUX
iiclr-17574	806	71	conform	conform	VERB
iiclr-17574	806	72	with	with	ADP
iiclr-17574	806	73	guidelines	guideline	NOUN
iiclr-17574	806	74	administered	administer	VERB
iiclr-17574	806	75	and	and	CCONJ
iiclr-17574	806	76	enforced	enforce	VERB
iiclr-17574	806	77	by	by	ADP
iiclr-17574	806	78	the	the	DET
iiclr-17574	806	79	nsda.2	nsda.2	PROPN
iiclr-17574	806	80	°	°	ADP
iiclr-17574	806	81	9	9	NUM
iiclr-17574	806	82	ironically	ironically	ADV
iiclr-17574	806	83	,	,	PUNCT
iiclr-17574	806	84	the	the	DET
iiclr-17574	806	85	nsda	nsda	NOUN
iiclr-17574	806	86	is	be	AUX
iiclr-17574	806	87	not	not	PART
iiclr-17574	806	88	involved	involve	VERB
iiclr-17574	806	89	with	with	ADP
iiclr-17574	806	90	private	private	ADJ
iiclr-17574	806	91	placements.21	placements.21	NOUN
iiclr-17574	806	92	°	°	PROPN
iiclr-17574	806	93	all	all	DET
iiclr-17574	806	94	u.s	u.s	PROPN
iiclr-17574	806	95	.	.	PROPN
iiclr-17574	806	96	mutual	mutual	ADJ
iiclr-17574	806	97	fund	fund	NOUN
iiclr-17574	806	98	companies	company	NOUN
iiclr-17574	806	99	,	,	PUNCT
iiclr-17574	806	100	known	know	VERB
iiclr-17574	806	101	as	as	ADP
iiclr-17574	806	102	"	"	PUNCT
iiclr-17574	806	103	trust	trust	NOUN
iiclr-17574	806	104	managers	manager	NOUN
iiclr-17574	806	105	,	,	PUNCT
iiclr-17574	806	106	"	"	PUNCT
iiclr-17574	806	107	must	must	AUX
iiclr-17574	806	108	be	be	AUX
iiclr-17574	806	109	licensed	license	VERB
iiclr-17574	806	110	before	before	SCONJ
iiclr-17574	806	111	they	they	PRON
iiclr-17574	806	112	can	can	AUX
iiclr-17574	806	113	organize	organize	VERB
iiclr-17574	806	114	mutual	mutual	ADJ
iiclr-17574	806	115	funds	fund	NOUN
iiclr-17574	806	116	in	in	ADP
iiclr-17574	806	117	japan.21	japan.21	PROPN
iiclr-17574	806	118	until	until	ADP
iiclr-17574	806	119	recently	recently	ADV
iiclr-17574	806	120	,	,	PUNCT
iiclr-17574	806	121	portfolio	portfolio	NOUN
iiclr-17574	806	122	managers	manager	NOUN
iiclr-17574	806	123	,	,	PUNCT
iiclr-17574	806	124	known	know	VERB
iiclr-17574	806	125	as	as	ADP
iiclr-17574	806	126	"	"	PUNCT
iiclr-17574	806	127	discretionary	discretionary	ADJ
iiclr-17574	806	128	investment	investment	NOUN
iiclr-17574	806	129	advisers	adviser	NOUN
iiclr-17574	806	130	,	,	PUNCT
iiclr-17574	806	131	"	"	PUNCT
iiclr-17574	806	132	also	also	ADV
iiclr-17574	806	133	were	be	AUX
iiclr-17574	806	134	required	require	VERB
iiclr-17574	806	135	to	to	PART
iiclr-17574	806	136	acquire	acquire	VERB
iiclr-17574	806	137	a	a	DET
iiclr-17574	806	138	separate	separate	ADJ
iiclr-17574	806	139	license	license	NOUN
iiclr-17574	806	140	,	,	PUNCT
iiclr-17574	806	141	despite	despite	SCONJ
iiclr-17574	806	142	being	be	AUX
iiclr-17574	806	143	in	in	ADP
iiclr-17574	806	144	a	a	DET
iiclr-17574	806	145	complementary	complementary	ADJ
iiclr-17574	806	146	business	business	NOUN
iiclr-17574	806	147	.	.	PUNCT
iiclr-17574	807	1	212	212	NUM
iiclr-17574	807	2	licenses	license	NOUN
iiclr-17574	807	3	are	be	AUX
iiclr-17574	807	4	granted	grant	VERB
iiclr-17574	807	5	on	on	ADP
iiclr-17574	807	6	a	a	DET
iiclr-17574	807	7	discretionary	discretionary	ADJ
iiclr-17574	807	8	basis	basis	NOUN
iiclr-17574	807	9	,	,	PUNCT
iiclr-17574	807	10	which	which	PRON
iiclr-17574	807	11	gives	give	VERB
iiclr-17574	807	12	broad	broad	ADJ
iiclr-17574	807	13	powers	power	NOUN
iiclr-17574	807	14	to	to	ADP
iiclr-17574	807	15	regulators	regulator	NOUN
iiclr-17574	807	16	by	by	ADP
iiclr-17574	807	17	a	a	DET
iiclr-17574	807	18	subjective	subjective	ADJ
iiclr-17574	807	19	and	and	CCONJ
iiclr-17574	807	20	wholly	wholly	ADV
iiclr-17574	807	21	non	non	ADJ
iiclr-17574	807	22	-	-	ADJ
iiclr-17574	807	23	transparent	transparent	ADJ
iiclr-17574	807	24	registration	registration	NOUN
iiclr-17574	807	25	process	process	NOUN
iiclr-17574	807	26	.	.	PUNCT
iiclr-17574	808	1	each	each	DET
iiclr-17574	808	2	license	license	NOUN
iiclr-17574	808	3	requires	require	VERB
iiclr-17574	808	4	a	a	DET
iiclr-17574	808	5	separate	separate	ADJ
iiclr-17574	808	6	capitalized	capitalize	VERB
iiclr-17574	808	7	local	local	ADJ
iiclr-17574	808	8	entity	entity	NOUN
iiclr-17574	808	9	,	,	PUNCT
iiclr-17574	808	10	with	with	ADP
iiclr-17574	808	11	distinct	distinct	ADJ
iiclr-17574	808	12	office	office	NOUN
iiclr-17574	808	13	space	space	NOUN
iiclr-17574	808	14	and	and	CCONJ
iiclr-17574	808	15	staff	staff	NOUN
iiclr-17574	808	16	.	.	PUNCT
iiclr-17574	809	1	2	2	NUM
iiclr-17574	809	2	3	3	NUM
iiclr-17574	809	3	further	far	ADV
iiclr-17574	809	4	,	,	PUNCT
iiclr-17574	809	5	while	while	SCONJ
iiclr-17574	809	6	a	a	DET
iiclr-17574	809	7	local	local	ADJ
iiclr-17574	809	8	entity	entity	NOUN
iiclr-17574	809	9	may	may	AUX
iiclr-17574	809	10	accept	accept	VERB
iiclr-17574	809	11	advice	advice	NOUN
iiclr-17574	809	12	208	208	NUM
iiclr-17574	809	13	.	.	PUNCT
iiclr-17574	810	1	nat'l	nat'l	PROPN
iiclr-17574	810	2	sec	sec	PROPN
iiclr-17574	810	3	.	.	PUNCT
iiclr-17574	811	1	dealers	dealer	NOUN
iiclr-17574	811	2	ass'n	ass'n	PROPN
iiclr-17574	811	3	,	,	PUNCT
iiclr-17574	811	4	disclosure	disclosure	NOUN
iiclr-17574	811	5	guidelines	guideline	NOUN
iiclr-17574	811	6	for	for	ADP
iiclr-17574	811	7	foreign	foreign	ADJ
iiclr-17574	811	8	investment	investment	NOUN
iiclr-17574	811	9	trusts	trust	NOUN
iiclr-17574	811	10	,	,	PUNCT
iiclr-17574	811	11	(	(	PUNCT
iiclr-17574	811	12	hideki	hideki	PROPN
iiclr-17574	811	13	maedemari	maedemari	PROPN
iiclr-17574	811	14	trans	trans	PROPN
iiclr-17574	811	15	.	.	PROPN
iiclr-17574	811	16	,	,	PUNCT
iiclr-17574	811	17	mar	mar	PROPN
iiclr-17574	811	18	.	.	PROPN
iiclr-17574	811	19	15	15	NUM
iiclr-17574	811	20	,	,	PUNCT
iiclr-17574	811	21	1994	1994	NUM
iiclr-17574	811	22	)	)	PUNCT
iiclr-17574	811	23	(	(	PUNCT
iiclr-17574	811	24	japan	japan	PROPN
iiclr-17574	811	25	)	)	PUNCT
iiclr-17574	811	26	(	(	PUNCT
iiclr-17574	811	27	on	on	ADP
iiclr-17574	811	28	file	file	NOUN
iiclr-17574	811	29	with	with	ADP
iiclr-17574	811	30	ind	ind	NOUN
iiclr-17574	811	31	.	.	PUNCT
iiclr-17574	812	1	int'l	int'l	PROPN
iiclr-17574	812	2	&	&	CCONJ
iiclr-17574	812	3	comp	comp	PROPN
iiclr-17574	812	4	.	.	PUNCT
iiclr-17574	813	1	l.	l.	PROPN
iiclr-17574	813	2	rev	rev	PROPN
iiclr-17574	813	3	.	.	PUNCT
iiclr-17574	813	4	)	)	PUNCT
iiclr-17574	813	5	.	.	PUNCT
iiclr-17574	814	1	information	information	NOUN
iiclr-17574	814	2	furnished	furnish	VERB
iiclr-17574	814	3	by	by	ADP
iiclr-17574	814	4	mikasa	mikasa	NOUN
iiclr-17574	814	5	law	law	NOUN
iiclr-17574	814	6	office	office	NOUN
iiclr-17574	814	7	,	,	PUNCT
iiclr-17574	814	8	tokyo	tokyo	PROPN
iiclr-17574	814	9	,	,	PUNCT
iiclr-17574	814	10	japan	japan	PROPN
iiclr-17574	814	11	.	.	PUNCT
iiclr-17574	815	1	209	209	NUM
iiclr-17574	815	2	.	.	PUNCT
iiclr-17574	816	1	offshore	offshore	ADJ
iiclr-17574	816	2	murual	murual	ADJ
iiclr-17574	816	3	funds	fund	NOUN
iiclr-17574	816	4	,	,	PUNCT
iiclr-17574	816	5	supra	supra	PROPN
iiclr-17574	816	6	note	note	NOUN
iiclr-17574	816	7	181	181	NUM
iiclr-17574	816	8	,	,	PUNCT
iiclr-17574	816	9	at	at	ADP
iiclr-17574	816	10	1	1	NUM
iiclr-17574	816	11	-	-	SYM
iiclr-17574	816	12	3	3	NUM
iiclr-17574	816	13	.	.	PUNCT
iiclr-17574	817	1	the	the	DET
iiclr-17574	817	2	principal	principal	ADJ
iiclr-17574	817	3	regulatory	regulatory	ADJ
iiclr-17574	817	4	provisions	provision	NOUN
iiclr-17574	817	5	are	be	AUX
iiclr-17574	817	6	:	:	PUNCT
iiclr-17574	817	7	"	"	PUNCT
iiclr-17574	817	8	(	(	PUNCT
iiclr-17574	817	9	a	a	X
iiclr-17574	817	10	)	)	PUNCT
iiclr-17574	817	11	mof	mof	ADJ
iiclr-17574	817	12	ordinance	ordinance	NOUN
iiclr-17574	817	13	of	of	ADP
iiclr-17574	817	14	1972	1972	NUM
iiclr-17574	817	15	regarding	regard	VERB
iiclr-17574	817	16	public	public	ADJ
iiclr-17574	817	17	offerings	offering	NOUN
iiclr-17574	817	18	of	of	ADP
iiclr-17574	817	19	fits	fit	NOUN
iiclr-17574	817	20	;	;	PUNCT
iiclr-17574	817	21	(	(	PUNCT
iiclr-17574	817	22	b	b	X
iiclr-17574	817	23	)	)	PUNCT
iiclr-17574	817	24	standards	standard	NOUN
iiclr-17574	817	25	of	of	ADP
iiclr-17574	817	26	selection	selection	NOUN
iiclr-17574	817	27	of	of	ADP
iiclr-17574	817	28	fits	fit	NOUN
iiclr-17574	817	29	of	of	ADP
iiclr-17574	817	30	the	the	DET
iiclr-17574	817	31	jsda	jsda	NOUN
iiclr-17574	817	32	;	;	PUNCT
iiclr-17574	817	33	(	(	PUNCT
iiclr-17574	817	34	c	c	X
iiclr-17574	817	35	)	)	PUNCT
iiclr-17574	817	36	regulations	regulation	NOUN
iiclr-17574	817	37	concerning	concern	VERB
iiclr-17574	817	38	the	the	DET
iiclr-17574	817	39	trading	trading	NOUN
iiclr-17574	817	40	of	of	ADP
iiclr-17574	817	41	foreign	foreign	ADJ
iiclr-17574	817	42	securities	security	NOUN
iiclr-17574	817	43	;	;	PUNCT
iiclr-17574	817	44	(	(	PUNCT
iiclr-17574	817	45	d	d	X
iiclr-17574	817	46	)	)	PUNCT
iiclr-17574	817	47	certain	certain	ADJ
iiclr-17574	817	48	provisions	provision	NOUN
iiclr-17574	817	49	of	of	ADP
iiclr-17574	817	50	the	the	DET
iiclr-17574	817	51	securities	security	NOUN
iiclr-17574	817	52	exchange	exchange	NOUN
iiclr-17574	817	53	law	law	NOUN
iiclr-17574	817	54	and	and	CCONJ
iiclr-17574	817	55	the	the	DET
iiclr-17574	817	56	foreign	foreign	ADJ
iiclr-17574	817	57	exchange	exchange	NOUN
iiclr-17574	817	58	control	control	NOUN
iiclr-17574	817	59	law	law	NOUN
iiclr-17574	817	60	.	.	PUNCT
iiclr-17574	817	61	"	"	PUNCT
iiclr-17574	818	1	i	i	PRON
iiclr-17574	818	2	d	d	PROPN
iiclr-17574	818	3	210	210	NUM
iiclr-17574	818	4	.	.	PUNCT
iiclr-17574	819	1	i	i	PRON
iiclr-17574	819	2	d.	d.	PROPN
iiclr-17574	819	3	211	211	NUM
iiclr-17574	819	4	.	.	PUNCT
iiclr-17574	820	1	securities	security	NOUN
iiclr-17574	820	2	investment	investment	PROPN
iiclr-17574	820	3	trust	trust	NOUN
iiclr-17574	820	4	law	law	NOUN
iiclr-17574	820	5	,	,	PUNCT
iiclr-17574	820	6	ch	ch	NOUN
iiclr-17574	820	7	.	.	PROPN
iiclr-17574	820	8	2	2	NUM
iiclr-17574	820	9	,	,	PUNCT
iiclr-17574	820	10	art	art	NOUN
iiclr-17574	820	11	.	.	PUNCT
iiclr-17574	821	1	6	6	NUM
iiclr-17574	821	2	(	(	PUNCT
iiclr-17574	821	3	law	law	NOUN
iiclr-17574	821	4	no	no	NOUN
iiclr-17574	821	5	.	.	PROPN
iiclr-17574	821	6	198	198	NUM
iiclr-17574	821	7	,	,	PUNCT
iiclr-17574	821	8	june	june	PROPN
iiclr-17574	821	9	4	4	NUM
iiclr-17574	821	10	,	,	PUNCT
iiclr-17574	821	11	1951	1951	NUM
iiclr-17574	821	12	)	)	PUNCT
iiclr-17574	821	13	(	(	PUNCT
iiclr-17574	821	14	japan	japan	PROPN
iiclr-17574	821	15	)	)	PUNCT
iiclr-17574	822	1	[	[	X
iiclr-17574	822	2	hereinafter	hereinafter	NOUN
iiclr-17574	822	3	trust	trust	NOUN
iiclr-17574	822	4	law	law	NOUN
iiclr-17574	822	5	]	]	PUNCT
iiclr-17574	822	6	.	.	PUNCT
iiclr-17574	823	1	212	212	NUM
iiclr-17574	823	2	.	.	PUNCT
iiclr-17574	824	1	pursuant	pursuant	ADJ
iiclr-17574	824	2	to	to	ADP
iiclr-17574	824	3	an	an	DET
iiclr-17574	824	4	agreement	agreement	NOUN
iiclr-17574	824	5	reached	reach	VERB
iiclr-17574	824	6	between	between	ADP
iiclr-17574	824	7	the	the	DET
iiclr-17574	824	8	government	government	NOUN
iiclr-17574	824	9	of	of	ADP
iiclr-17574	824	10	the	the	DET
iiclr-17574	824	11	united	united	PROPN
iiclr-17574	824	12	states	states	PROPN
iiclr-17574	824	13	and	and	CCONJ
iiclr-17574	824	14	japan	japan	PROPN
iiclr-17574	824	15	on	on	ADP
iiclr-17574	824	16	january	january	PROPN
iiclr-17574	824	17	10	10	NUM
iiclr-17574	824	18	,	,	PUNCT
iiclr-17574	824	19	1995	1995	NUM
iiclr-17574	824	20	,	,	PUNCT
iiclr-17574	824	21	japan	japan	PROPN
iiclr-17574	824	22	now	now	ADV
iiclr-17574	824	23	will	will	AUX
iiclr-17574	824	24	only	only	ADV
iiclr-17574	824	25	"	"	PUNCT
iiclr-17574	824	26	permit	permit	VERB
iiclr-17574	824	27	a	a	DET
iiclr-17574	824	28	discretionary	discretionary	ADJ
iiclr-17574	824	29	investment	investment	NOUN
iiclr-17574	824	30	management	management	NOUN
iiclr-17574	824	31	company	company	NOUN
iiclr-17574	824	32	to	to	PART
iiclr-17574	824	33	conduct	conduct	VERB
iiclr-17574	824	34	,	,	PUNCT
iiclr-17574	824	35	in	in	ADP
iiclr-17574	824	36	one	one	NUM
iiclr-17574	824	37	entity	entity	NOUN
iiclr-17574	824	38	,	,	PUNCT
iiclr-17574	824	39	investment	investment	NOUN
iiclr-17574	824	40	trust	trust	NOUN
iiclr-17574	824	41	business	business	NOUN
iiclr-17574	824	42	and	and	CCONJ
iiclr-17574	824	43	discretionary	discretionary	ADJ
iiclr-17574	824	44	investment	investment	NOUN
iiclr-17574	824	45	management	management	NOUN
iiclr-17574	824	46	business	business	NOUN
iiclr-17574	824	47	,	,	PUNCT
iiclr-17574	824	48	"	"	PUNCT
iiclr-17574	824	49	as	as	ADV
iiclr-17574	824	50	well	well	ADV
iiclr-17574	824	51	as	as	ADP
iiclr-17574	824	52	investment	investment	NOUN
iiclr-17574	824	53	trust	trust	NOUN
iiclr-17574	824	54	management	management	NOUN
iiclr-17574	824	55	.	.	PUNCT
iiclr-17574	825	1	jomrr	jomrr	PROPN
iiclr-17574	825	2	statement	statement	NOUN
iiclr-17574	825	3	,	,	PUNCT
iiclr-17574	825	4	supra	supra	PROPN
iiclr-17574	825	5	note	note	PROPN
iiclr-17574	825	6	162	162	NUM
iiclr-17574	825	7	,	,	PUNCT
iiclr-17574	825	8	at	at	ADP
iiclr-17574	825	9	10	10	NUM
iiclr-17574	825	10	-	-	SYM
iiclr-17574	825	11	11	11	NUM
iiclr-17574	825	12	.	.	PUNCT
iiclr-17574	826	1	to	to	PART
iiclr-17574	826	2	be	be	AUX
iiclr-17574	826	3	eligible	eligible	ADJ
iiclr-17574	826	4	to	to	PART
iiclr-17574	826	5	obtain	obtain	VERB
iiclr-17574	826	6	a	a	DET
iiclr-17574	826	7	dual	dual	ADJ
iiclr-17574	826	8	function	function	NOUN
iiclr-17574	826	9	license	license	NOUN
iiclr-17574	826	10	,	,	PUNCT
iiclr-17574	826	11	a	a	DET
iiclr-17574	826	12	company	company	NOUN
iiclr-17574	826	13	must	must	AUX
iiclr-17574	826	14	:	:	PUNCT
iiclr-17574	826	15	1	1	X
iiclr-17574	826	16	)	)	PUNCT
iiclr-17574	826	17	have	have	AUX
iiclr-17574	826	18	had	have	VERB
iiclr-17574	826	19	average	average	ADJ
iiclr-17574	826	20	assets	asset	NOUN
iiclr-17574	826	21	under	under	ADP
iiclr-17574	826	22	management	management	NOUN
iiclr-17574	826	23	of	of	ADP
iiclr-17574	826	24	no	no	DET
iiclr-17574	826	25	less	less	ADJ
iiclr-17574	826	26	than	than	ADP
iiclr-17574	826	27	300	300	NUM
iiclr-17574	826	28	billion	billion	NUM
iiclr-17574	826	29	yen	yen	NOUN
iiclr-17574	826	30	over	over	ADP
iiclr-17574	826	31	most	most	ADJ
iiclr-17574	826	32	of	of	ADP
iiclr-17574	826	33	the	the	DET
iiclr-17574	826	34	recent	recent	ADJ
iiclr-17574	826	35	three	three	NUM
iiclr-17574	826	36	year	year	NOUN
iiclr-17574	826	37	period	period	NOUN
iiclr-17574	826	38	;	;	PUNCT
iiclr-17574	826	39	in	in	ADP
iiclr-17574	826	40	case	case	NOUN
iiclr-17574	826	41	of	of	ADP
iiclr-17574	826	42	a	a	DET
iiclr-17574	826	43	foreign	foreign	ADJ
iiclr-17574	826	44	discretionary	discretionary	ADJ
iiclr-17574	826	45	investment	investment	NOUN
iiclr-17574	826	46	management	management	NOUN
iiclr-17574	826	47	company	company	NOUN
iiclr-17574	826	48	in	in	ADP
iiclr-17574	826	49	japan	japan	PROPN
iiclr-17574	826	50	,	,	PUNCT
iiclr-17574	826	51	such	such	ADJ
iiclr-17574	826	52	assets	asset	NOUN
iiclr-17574	826	53	will	will	AUX
iiclr-17574	826	54	be	be	AUX
iiclr-17574	826	55	the	the	DET
iiclr-17574	826	56	average	average	ADJ
iiclr-17574	826	57	assets	asset	NOUN
iiclr-17574	826	58	under	under	ADP
iiclr-17574	826	59	management	management	NOUN
iiclr-17574	826	60	by	by	ADP
iiclr-17574	826	61	the	the	DET
iiclr-17574	826	62	parent	parent	NOUN
iiclr-17574	826	63	company	company	NOUN
iiclr-17574	826	64	of	of	ADP
iiclr-17574	826	65	such	such	ADJ
iiclr-17574	826	66	company	company	NOUN
iiclr-17574	826	67	;	;	PUNCT
iiclr-17574	826	68	and	and	CCONJ
iiclr-17574	826	69	2	2	X
iiclr-17574	826	70	)	)	PUNCT
iiclr-17574	826	71	have	have	AUX
iiclr-17574	826	72	marked	mark	VERB
iiclr-17574	826	73	a	a	DET
iiclr-17574	826	74	positive	positive	ADJ
iiclr-17574	826	75	current	current	ADJ
iiclr-17574	826	76	balance	balance	NOUN
iiclr-17574	826	77	for	for	ADP
iiclr-17574	826	78	the	the	DET
iiclr-17574	826	79	latest	late	ADJ
iiclr-17574	826	80	period	period	NOUN
iiclr-17574	826	81	;	;	PUNCT
iiclr-17574	826	82	in	in	ADP
iiclr-17574	826	83	the	the	DET
iiclr-17574	826	84	case	case	NOUN
iiclr-17574	826	85	of	of	ADP
iiclr-17574	826	86	a	a	DET
iiclr-17574	826	87	company	company	NOUN
iiclr-17574	826	88	that	that	PRON
iiclr-17574	826	89	has	have	VERB
iiclr-17574	826	90	a	a	DET
iiclr-17574	826	91	marked	mark	VERB
iiclr-17574	826	92	negative	negative	ADJ
iiclr-17574	826	93	balance	balance	NOUN
iiclr-17574	826	94	,	,	PUNCT
iiclr-17574	826	95	under	under	ADP
iiclr-17574	826	96	special	special	ADJ
iiclr-17574	826	97	circumstances	circumstance	NOUN
iiclr-17574	826	98	,	,	PUNCT
iiclr-17574	826	99	it	it	PRON
iiclr-17574	826	100	is	be	AUX
iiclr-17574	826	101	still	still	ADV
iiclr-17574	826	102	eligible	eligible	ADJ
iiclr-17574	826	103	if	if	SCONJ
iiclr-17574	826	104	it	it	PRON
iiclr-17574	826	105	marked	mark	VERB
iiclr-17574	826	106	a	a	DET
iiclr-17574	826	107	positive	positive	ADJ
iiclr-17574	826	108	balance	balance	NOUN
iiclr-17574	826	109	under	under	ADP
iiclr-17574	826	110	any	any	PRON
iiclr-17574	826	111	of	of	ADP
iiclr-17574	826	112	the	the	DET
iiclr-17574	826	113	three	three	NUM
iiclr-17574	826	114	most	most	ADV
iiclr-17574	826	115	recent	recent	ADJ
iiclr-17574	826	116	periods	period	NOUN
iiclr-17574	826	117	.	.	PUNCT
iiclr-17574	827	1	i	i	PRON
iiclr-17574	827	2	d.	d.	PROPN
iiclr-17574	827	3	at	at	ADP
iiclr-17574	827	4	11	11	NUM
iiclr-17574	827	5	.	.	PUNCT
iiclr-17574	828	1	further	far	ADV
iiclr-17574	828	2	,	,	PUNCT
iiclr-17574	828	3	an	an	DET
iiclr-17574	828	4	investment	investment	NOUN
iiclr-17574	828	5	trust	trust	NOUN
iiclr-17574	828	6	management	management	NOUN
iiclr-17574	828	7	company	company	NOUN
iiclr-17574	828	8	must	must	AUX
iiclr-17574	828	9	be	be	AUX
iiclr-17574	828	10	incorporated	incorporate	VERB
iiclr-17574	828	11	in	in	ADP
iiclr-17574	828	12	japan	japan	PROPN
iiclr-17574	828	13	.	.	PUNCT
iiclr-17574	829	1	i	i	PRON
iiclr-17574	829	2	d.	d.	PROPN
iiclr-17574	829	3	at	at	ADP
iiclr-17574	829	4	12	12	NUM
iiclr-17574	829	5	.	.	PUNCT
iiclr-17574	830	1	lastly	lastly	ADV
iiclr-17574	830	2	,	,	PUNCT
iiclr-17574	830	3	japan	japan	PROPN
iiclr-17574	830	4	will	will	AUX
iiclr-17574	830	5	"	"	PUNCT
iiclr-17574	830	6	remove	remove	VERB
iiclr-17574	830	7	the	the	DET
iiclr-17574	830	8	current	current	ADJ
iiclr-17574	830	9	minimum	minimum	ADJ
iiclr-17574	830	10	capital	capital	NOUN
iiclr-17574	830	11	requirement	requirement	NOUN
iiclr-17574	830	12	...	...	PUNCT
iiclr-17574	830	13	of	of	ADP
iiclr-17574	830	14	300	300	NUM
iiclr-17574	830	15	million	million	NUM
iiclr-17574	830	16	yen	yen	NOUN
iiclr-17574	830	17	.	.	PUNCT
iiclr-17574	830	18	.	.	PUNCT
iiclr-17574	831	1	and	and	CCONJ
iiclr-17574	831	2	replace	replace	VERB
iiclr-17574	831	3	it	it	PRON
iiclr-17574	831	4	with	with	ADP
iiclr-17574	831	5	the	the	DET
iiclr-17574	831	6	requirement	requirement	NOUN
iiclr-17574	831	7	that	that	SCONJ
iiclr-17574	831	8	an	an	DET
iiclr-17574	831	9	adequate	adequate	ADJ
iiclr-17574	831	10	amount	amount	NOUN
iiclr-17574	831	11	of	of	ADP
iiclr-17574	831	12	capital	capital	NOUN
iiclr-17574	831	13	be	be	AUX
iiclr-17574	831	14	prepared	prepare	VERB
iiclr-17574	831	15	to	to	PART
iiclr-17574	831	16	maintain	maintain	VERB
iiclr-17574	831	17	net	net	ADJ
iiclr-17574	831	18	assets	asset	NOUN
iiclr-17574	831	19	of	of	ADP
iiclr-17574	831	20	no	no	DET
iiclr-17574	831	21	less	less	ADJ
iiclr-17574	831	22	than	than	ADP
iiclr-17574	831	23	50	50	NUM
iiclr-17574	831	24	million	million	NUM
iiclr-17574	831	25	yen	yen	NOUN
iiclr-17574	831	26	.	.	PUNCT
iiclr-17574	831	27	.	.	PUNCT
iiclr-17574	831	28	.	.	PUNCT
iiclr-17574	832	1	.	.	PUNCT
iiclr-17574	832	2	"	"	PUNCT
iiclr-17574	833	1	i	i	PRON
iiclr-17574	833	2	d.	d.	PROPN
iiclr-17574	833	3	213	213	NUM
iiclr-17574	833	4	.	.	PUNCT
iiclr-17574	834	1	any	any	DET
iiclr-17574	834	2	company	company	NOUN
iiclr-17574	834	3	desiring	desire	VERB
iiclr-17574	834	4	to	to	PART
iiclr-17574	834	5	obtain	obtain	VERB
iiclr-17574	834	6	the	the	DET
iiclr-17574	834	7	license	license	NOUN
iiclr-17574	834	8	shall	shall	AUX
iiclr-17574	834	9	file	file	VERB
iiclr-17574	834	10	an	an	DET
iiclr-17574	834	11	application	application	NOUN
iiclr-17574	834	12	for	for	ADP
iiclr-17574	834	13	the	the	DET
iiclr-17574	834	14	license	license	NOUN
iiclr-17574	834	15	which	which	PRON
iiclr-17574	834	16	shall	shall	AUX
iiclr-17574	834	17	include	include	VERB
iiclr-17574	834	18	the	the	DET
iiclr-17574	834	19	following	follow	VERB
iiclr-17574	834	20	information	information	NOUN
iiclr-17574	834	21	:	:	PUNCT
iiclr-17574	834	22	(	(	PUNCT
iiclr-17574	834	23	1	1	X
iiclr-17574	834	24	)	)	PUNCT
iiclr-17574	834	25	the	the	DET
iiclr-17574	834	26	corporate	corporate	ADJ
iiclr-17574	834	27	name	name	NOUN
iiclr-17574	834	28	and	and	CCONJ
iiclr-17574	834	29	the	the	DET
iiclr-17574	834	30	amount	amount	NOUN
iiclr-17574	834	31	of	of	ADP
iiclr-17574	834	32	capital	capital	NOUN
iiclr-17574	834	33	;	;	PUNCT
iiclr-17574	834	34	(	(	PUNCT
iiclr-17574	834	35	2	2	X
iiclr-17574	834	36	)	)	PUNCT
iiclr-17574	834	37	the	the	DET
iiclr-17574	834	38	names	name	NOUN
iiclr-17574	834	39	and	and	CCONJ
iiclr-17574	834	40	locations	location	NOUN
iiclr-17574	834	41	of	of	ADP
iiclr-17574	834	42	the	the	DET
iiclr-17574	834	43	principal	principal	ADJ
iiclr-17574	834	44	office	office	NOUN
iiclr-17574	834	45	,	,	PUNCT
iiclr-17574	834	46	branch	branch	NOUN
iiclr-17574	834	47	offices	office	NOUN
iiclr-17574	834	48	and	and	CCONJ
iiclr-17574	834	49	other	other	ADJ
iiclr-17574	834	50	places	place	NOUN
iiclr-17574	834	51	of	of	ADP
iiclr-17574	834	52	business	business	NOUN
iiclr-17574	834	53	;	;	PUNCT
iiclr-17574	834	54	1995	1995	NUM
iiclr-17574	834	55	]	]	X
iiclr-17574	834	56	ind	ind	NOUN
iiclr-17574	834	57	.	.	PUNCT
iiclr-17574	835	1	int'l	int'l	PROPN
iiclr-17574	835	2	&	&	CCONJ
iiclr-17574	835	3	comp	comp	PROPN
iiclr-17574	835	4	.	.	PUNCT
iiclr-17574	836	1	l.	l.	PROPN
iiclr-17574	836	2	rev	rev	PROPN
iiclr-17574	836	3	.	.	PROPN
iiclr-17574	836	4	from	from	ADP
iiclr-17574	836	5	its	its	PRON
iiclr-17574	836	6	u.s.-based	u.s.-based	ADJ
iiclr-17574	836	7	parent	parent	NOUN
iiclr-17574	836	8	,	,	PUNCT
iiclr-17574	836	9	all	all	DET
iiclr-17574	836	10	portfolio	portfolio	NOUN
iiclr-17574	836	11	transactions	transaction	NOUN
iiclr-17574	836	12	must	must	AUX
iiclr-17574	836	13	be	be	AUX
iiclr-17574	836	14	executed	execute	VERB
iiclr-17574	836	15	in	in	ADP
iiclr-17574	836	16	japan.214	japan.214	PROPN
iiclr-17574	836	17	u.s	u.s	PROPN
iiclr-17574	836	18	.	.	PROPN
iiclr-17574	836	19	funds	fund	NOUN
iiclr-17574	836	20	without	without	ADP
iiclr-17574	836	21	brokerage	brokerage	NOUN
iiclr-17574	836	22	licenses	license	NOUN
iiclr-17574	836	23	must	must	AUX
iiclr-17574	836	24	sell	sell	VERB
iiclr-17574	836	25	their	their	PRON
iiclr-17574	836	26	products	product	NOUN
iiclr-17574	836	27	through	through	ADP
iiclr-17574	836	28	licensed	licensed	ADJ
iiclr-17574	836	29	securities	security	NOUN
iiclr-17574	836	30	brokers.21	brokers.21	ADJ
iiclr-17574	836	31	foreign	foreign	ADJ
iiclr-17574	836	32	firms	firm	NOUN
iiclr-17574	836	33	must	must	AUX
iiclr-17574	836	34	pay	pay	VERB
iiclr-17574	836	35	a	a	DET
iiclr-17574	836	36	"	"	PUNCT
iiclr-17574	836	37	loyalty	loyalty	NOUN
iiclr-17574	836	38	fee	fee	NOUN
iiclr-17574	836	39	"	"	PUNCT
iiclr-17574	836	40	of	of	ADP
iiclr-17574	836	41	up	up	ADP
iiclr-17574	836	42	to	to	PART
iiclr-17574	836	43	0.6	0.6	NUM
iiclr-17574	836	44	%	%	NOUN
iiclr-17574	836	45	to	to	ADP
iiclr-17574	836	46	the	the	DET
iiclr-17574	836	47	brokerage	brokerage	NOUN
iiclr-17574	836	48	house	house	NOUN
iiclr-17574	836	49	each	each	DET
iiclr-17574	836	50	year	year	NOUN
iiclr-17574	836	51	the	the	DET
iiclr-17574	836	52	trust	trust	NOUN
iiclr-17574	836	53	remains	remain	VERB
iiclr-17574	836	54	operational.216	operational.216	ADJ
iiclr-17574	836	55	"	"	PUNCT
iiclr-17574	836	56	the	the	DET
iiclr-17574	836	57	brokers	broker	NOUN
iiclr-17574	836	58	also	also	ADV
iiclr-17574	836	59	take	take	VERB
iiclr-17574	836	60	a	a	DET
iiclr-17574	836	61	two	two	NUM
iiclr-17574	836	62	percent	percent	NOUN
iiclr-17574	836	63	front	front	ADJ
iiclr-17574	836	64	-	-	PUNCT
iiclr-17574	836	65	end	end	NOUN
iiclr-17574	836	66	commission	commission	NOUN
iiclr-17574	836	67	from	from	ADP
iiclr-17574	836	68	the	the	DET
iiclr-17574	836	69	investors	investor	NOUN
iiclr-17574	836	70	.	.	PUNCT
iiclr-17574	836	71	"	"	PUNCT
iiclr-17574	837	1	'	'	PUNCT
iiclr-17574	837	2	217	217	NUM
iiclr-17574	837	3	therefore	therefore	ADV
iiclr-17574	837	4	,	,	PUNCT
iiclr-17574	837	5	foreign	foreign	ADJ
iiclr-17574	837	6	fund	fund	NOUN
iiclr-17574	837	7	operation	operation	NOUN
iiclr-17574	837	8	costs	cost	NOUN
iiclr-17574	837	9	could	could	AUX
iiclr-17574	837	10	run	run	VERB
iiclr-17574	837	11	three	three	NUM
iiclr-17574	837	12	to	to	PART
iiclr-17574	837	13	four	four	NUM
iiclr-17574	837	14	times	time	NOUN
iiclr-17574	837	15	higher	high	ADJ
iiclr-17574	837	16	than	than	ADP
iiclr-17574	837	17	necessary	necessary	ADJ
iiclr-17574	837	18	.	.	PUNCT
iiclr-17574	838	1	"	"	PUNCT
iiclr-17574	838	2	'	'	PUNCT
iiclr-17574	838	3	the	the	DET
iiclr-17574	838	4	biggest	big	ADJ
iiclr-17574	838	5	initial	initial	ADJ
iiclr-17574	838	6	obstacle	obstacle	NOUN
iiclr-17574	838	7	to	to	ADP
iiclr-17574	838	8	opening	open	VERB
iiclr-17574	838	9	up	up	ADP
iiclr-17574	838	10	japan	japan	PROPN
iiclr-17574	838	11	's	's	PART
iiclr-17574	838	12	market	market	NOUN
iiclr-17574	838	13	to	to	ADP
iiclr-17574	838	14	foreign	foreign	ADJ
iiclr-17574	838	15	participation	participation	NOUN
iiclr-17574	838	16	is	be	AUX
iiclr-17574	838	17	cost.219	cost.219	ADJ
iiclr-17574	838	18	a	a	DET
iiclr-17574	838	19	centrally	centrally	ADV
iiclr-17574	838	20	-	-	PUNCT
iiclr-17574	838	21	located	locate	VERB
iiclr-17574	838	22	office	office	NOUN
iiclr-17574	838	23	,	,	PUNCT
iiclr-17574	838	24	with	with	ADP
iiclr-17574	838	25	one	one	NUM
iiclr-17574	838	26	broker	broker	NOUN
iiclr-17574	838	27	and	and	CCONJ
iiclr-17574	838	28	one	one	NUM
iiclr-17574	838	29	secretary	secretary	NOUN
iiclr-17574	838	30	,	,	PUNCT
iiclr-17574	838	31	will	will	AUX
iiclr-17574	838	32	cost	cost	VERB
iiclr-17574	838	33	about	about	ADP
iiclr-17574	838	34	$	$	SYM
iiclr-17574	838	35	350,000	350,000	NUM
iiclr-17574	838	36	to	to	PART
iiclr-17574	838	37	$	$	SYM
iiclr-17574	838	38	400,000	400,000	NUM
iiclr-17574	838	39	per	per	ADP
iiclr-17574	838	40	year	year	NOUN
iiclr-17574	838	41	to	to	PART
iiclr-17574	838	42	operate	operate	VERB
iiclr-17574	838	43	.	.	PUNCT
iiclr-17574	839	1	220	220	NUM
iiclr-17574	839	2	this	this	DET
iiclr-17574	839	3	amount	amount	NOUN
iiclr-17574	839	4	of	of	ADP
iiclr-17574	839	5	money	money	NOUN
iiclr-17574	839	6	will	will	AUX
iiclr-17574	839	7	be	be	AUX
iiclr-17574	839	8	required	require	VERB
iiclr-17574	839	9	for	for	ADP
iiclr-17574	839	10	a	a	DET
iiclr-17574	839	11	minimum	minimum	NOUN
iiclr-17574	839	12	of	of	ADP
iiclr-17574	839	13	five	five	NUM
iiclr-17574	839	14	years	year	NOUN
iiclr-17574	839	15	if	if	SCONJ
iiclr-17574	839	16	the	the	DET
iiclr-17574	839	17	company	company	NOUN
iiclr-17574	839	18	is	be	AUX
iiclr-17574	839	19	previously	previously	ADV
iiclr-17574	839	20	unknown	unknown	ADJ
iiclr-17574	839	21	in	in	ADP
iiclr-17574	839	22	japan.22	japan.22	PROPN
iiclr-17574	839	23	'	'	PUNCT
iiclr-17574	839	24	the	the	DET
iiclr-17574	839	25	staffing	staffing	NOUN
iiclr-17574	839	26	requirements	requirement	NOUN
iiclr-17574	839	27	are	be	AUX
iiclr-17574	839	28	also	also	ADV
iiclr-17574	839	29	a	a	DET
iiclr-17574	839	30	problem.22	problem.22	NOUN
iiclr-17574	839	31	the	the	DET
iiclr-17574	839	32	subsidiary	subsidiary	NOUN
iiclr-17574	839	33	of	of	ADP
iiclr-17574	839	34	any	any	DET
iiclr-17574	839	35	foreign	foreign	ADJ
iiclr-17574	839	36	company	company	NOUN
iiclr-17574	839	37	should	should	AUX
iiclr-17574	839	38	be	be	AUX
iiclr-17574	839	39	run	run	VERB
iiclr-17574	839	40	by	by	ADP
iiclr-17574	839	41	a	a	DET
iiclr-17574	839	42	person	person	NOUN
iiclr-17574	839	43	from	from	ADP
iiclr-17574	839	44	the	the	DET
iiclr-17574	839	45	head	head	NOUN
iiclr-17574	839	46	office.223	office.223	VERB
iiclr-17574	839	47	foreign	foreign	ADJ
iiclr-17574	839	48	companies	company	NOUN
iiclr-17574	839	49	have	have	VERB
iiclr-17574	839	50	great	great	ADJ
iiclr-17574	839	51	difficulty	difficulty	NOUN
iiclr-17574	839	52	in	in	ADP
iiclr-17574	839	53	persuading	persuade	VERB
iiclr-17574	839	54	their	their	PRON
iiclr-17574	839	55	best	good	ADJ
iiclr-17574	839	56	executives	executive	NOUN
iiclr-17574	839	57	to	to	PART
iiclr-17574	839	58	spend	spend	VERB
iiclr-17574	839	59	five	five	NUM
iiclr-17574	839	60	years	year	NOUN
iiclr-17574	839	61	in	in	ADP
iiclr-17574	839	62	japan.224	japan.224	NOUN
iiclr-17574	839	63	article	article	NOUN
iiclr-17574	839	64	7	7	NUM
iiclr-17574	839	65	of	of	ADP
iiclr-17574	839	66	the	the	DET
iiclr-17574	839	67	securities	security	NOUN
iiclr-17574	839	68	investment	investment	PROPN
iiclr-17574	839	69	trust	trust	NOUN
iiclr-17574	839	70	law	law	NOUN
iiclr-17574	839	71	contains	contain	VERB
iiclr-17574	839	72	the	the	DET
iiclr-17574	839	73	requirements	requirement	NOUN
iiclr-17574	839	74	for	for	ADP
iiclr-17574	839	75	a	a	DET
iiclr-17574	839	76	japanese	japanese	ADJ
iiclr-17574	839	77	investment	investment	NOUN
iiclr-17574	839	78	trust	trust	NOUN
iiclr-17574	839	79	management	management	NOUN
iiclr-17574	839	80	company	company	NOUN
iiclr-17574	839	81	license	license	NOUN
iiclr-17574	839	82	.	.	PUNCT
iiclr-17574	840	1	5	5	NUM
iiclr-17574	840	2	prior	prior	ADV
iiclr-17574	840	3	to	to	ADP
iiclr-17574	840	4	approval	approval	NOUN
iiclr-17574	840	5	,	,	PUNCT
iiclr-17574	840	6	each	each	DET
iiclr-17574	840	7	application	application	NOUN
iiclr-17574	840	8	for	for	ADP
iiclr-17574	840	9	a	a	DET
iiclr-17574	840	10	license	license	NOUN
iiclr-17574	840	11	is	be	AUX
iiclr-17574	840	12	reviewed	review	VERB
iiclr-17574	840	13	by	by	ADP
iiclr-17574	840	14	the	the	DET
iiclr-17574	840	15	mof	mof	NOUN
iiclr-17574	840	16	and	and	CCONJ
iiclr-17574	840	17	judged	judge	VERB
iiclr-17574	840	18	in	in	ADP
iiclr-17574	840	19	conformance	conformance	NOUN
iiclr-17574	840	20	with	with	ADP
iiclr-17574	840	21	three	three	NUM
iiclr-17574	840	22	basic	basic	ADJ
iiclr-17574	840	23	criteria	criterion	NOUN
iiclr-17574	840	24	.	.	PUNCT
iiclr-17574	841	1	the	the	DET
iiclr-17574	841	2	applicant	applicant	NOUN
iiclr-17574	841	3	must	must	AUX
iiclr-17574	841	4	first	first	ADV
iiclr-17574	841	5	be	be	AUX
iiclr-17574	841	6	"	"	PUNCT
iiclr-17574	841	7	sufficiently	sufficiently	ADV
iiclr-17574	841	8	qualified	qualified	ADJ
iiclr-17574	841	9	to	to	PART
iiclr-17574	841	10	engage	engage	VERB
iiclr-17574	841	11	in	in	ADP
iiclr-17574	841	12	the	the	DET
iiclr-17574	841	13	management	management	NOUN
iiclr-17574	841	14	of	of	ADP
iiclr-17574	841	15	securities	security	NOUN
iiclr-17574	841	16	investment	investment	NOUN
iiclr-17574	841	17	trusts	trust	NOUN
iiclr-17574	841	18	,	,	PUNCT
iiclr-17574	841	19	after	after	ADP
iiclr-17574	841	20	being	be	AUX
iiclr-17574	841	21	evaluated	evaluate	VERB
iiclr-17574	841	22	in	in	ADP
iiclr-17574	841	23	the	the	DET
iiclr-17574	841	24	light	light	NOUN
iiclr-17574	841	25	of	of	ADP
iiclr-17574	841	26	its	its	PRON
iiclr-17574	841	27	personnel	personnel	NOUN
iiclr-17574	841	28	structure	structure	NOUN
iiclr-17574	841	29	,	,	PUNCT
iiclr-17574	841	30	experience	experience	NOUN
iiclr-17574	841	31	in	in	ADP
iiclr-17574	841	32	and	and	CCONJ
iiclr-17574	841	33	ability	ability	NOUN
iiclr-17574	841	34	to	to	PART
iiclr-17574	841	35	invest	invest	VERB
iiclr-17574	841	36	in	in	ADP
iiclr-17574	841	37	valuable	valuable	ADJ
iiclr-17574	841	38	securities	security	NOUN
iiclr-17574	841	39	.	.	PUNCT
iiclr-17574	842	1	"226	"226	NOUN
iiclr-17574	842	2	secondly	secondly	ADV
iiclr-17574	842	3	,	,	PUNCT
iiclr-17574	842	4	the	the	DET
iiclr-17574	842	5	applicant	applicant	NOUN
iiclr-17574	842	6	's	's	PART
iiclr-17574	842	7	"	"	PUNCT
iiclr-17574	842	8	prospects	prospect	NOUN
iiclr-17574	842	9	related	relate	VERB
iiclr-17574	842	10	to	to	ADP
iiclr-17574	842	11	the	the	DET
iiclr-17574	842	12	income	income	NOUN
iiclr-17574	842	13	and	and	CCONJ
iiclr-17574	842	14	expenditures	expenditure	NOUN
iiclr-17574	842	15	of	of	ADP
iiclr-17574	842	16	[	[	X
iiclr-17574	842	17	its	its	PRON
iiclr-17574	842	18	]	]	X
iiclr-17574	842	19	business	business	NOUN
iiclr-17574	842	20	...	...	PUNCT
iiclr-17574	843	1	[	[	X
iiclr-17574	843	2	must	must	AUX
iiclr-17574	843	3	be	be	AUX
iiclr-17574	843	4	]	]	PUNCT
iiclr-17574	843	5	sufficiently	sufficiently	ADV
iiclr-17574	843	6	and	and	CCONJ
iiclr-17574	843	7	(	(	PUNCT
iiclr-17574	843	8	3	3	X
iiclr-17574	843	9	)	)	PUNCT
iiclr-17574	843	10	the	the	DET
iiclr-17574	843	11	full	full	ADJ
iiclr-17574	843	12	names	name	NOUN
iiclr-17574	843	13	of	of	ADP
iiclr-17574	843	14	the	the	DET
iiclr-17574	843	15	directors	director	NOUN
iiclr-17574	843	16	.	.	PUNCT
iiclr-17574	844	1	i	i	PRON
iiclr-17574	844	2	d.	d.	PROPN
iiclr-17574	844	3	the	the	DET
iiclr-17574	844	4	actual	actual	ADJ
iiclr-17574	844	5	requirement	requirement	NOUN
iiclr-17574	844	6	of	of	ADP
iiclr-17574	844	7	separate	separate	ADJ
iiclr-17574	844	8	office	office	NOUN
iiclr-17574	844	9	space	space	NOUN
iiclr-17574	844	10	and	and	CCONJ
iiclr-17574	844	11	staff	staff	NOUN
iiclr-17574	844	12	is	be	AUX
iiclr-17574	844	13	derived	derive	VERB
iiclr-17574	844	14	from	from	ADP
iiclr-17574	844	15	administrative	administrative	ADJ
iiclr-17574	844	16	,	,	PUNCT
iiclr-17574	844	17	and	and	CCONJ
iiclr-17574	844	18	not	not	PART
iiclr-17574	844	19	legislative	legislative	ADJ
iiclr-17574	844	20	,	,	PUNCT
iiclr-17574	844	21	guidance	guidance	NOUN
iiclr-17574	844	22	.	.	PUNCT
iiclr-17574	845	1	currently	currently	ADV
iiclr-17574	845	2	,	,	PUNCT
iiclr-17574	845	3	a	a	DET
iiclr-17574	845	4	total	total	NOUN
iiclr-17574	845	5	of	of	ADP
iiclr-17574	845	6	about	about	ADV
iiclr-17574	845	7	30	30	NUM
iiclr-17574	845	8	people	people	NOUN
iiclr-17574	845	9	is	be	AUX
iiclr-17574	845	10	considered	consider	VERB
iiclr-17574	845	11	standard	standard	ADJ
iiclr-17574	845	12	.	.	PUNCT
iiclr-17574	846	1	ministry	ministry	PROPN
iiclr-17574	846	2	of	of	ADP
iiclr-17574	846	3	finance	finance	PROPN
iiclr-17574	846	4	,	,	PUNCT
iiclr-17574	846	5	review	review	NOUN
iiclr-17574	846	6	of	of	ADP
iiclr-17574	846	7	the	the	DET
iiclr-17574	846	8	standards	standard	NOUN
iiclr-17574	846	9	for	for	ADP
iiclr-17574	846	10	the	the	DET
iiclr-17574	846	11	license	license	NOUN
iiclr-17574	846	12	for	for	ADP
iiclr-17574	846	13	the	the	DET
iiclr-17574	846	14	investmhent	investmhent	NOUN
iiclr-17574	846	15	trust	trust	NOUN
iiclr-17574	846	16	management	management	NOUN
iiclr-17574	846	17	business	business	NOUN
iiclr-17574	846	18	3	3	NUM
iiclr-17574	846	19	(	(	PUNCT
iiclr-17574	846	20	jan	jan	PROPN
iiclr-17574	846	21	.	.	PROPN
iiclr-17574	846	22	28	28	NUM
iiclr-17574	846	23	,	,	PUNCT
iiclr-17574	846	24	1992	1992	NUM
iiclr-17574	846	25	)	)	PUNCT
iiclr-17574	846	26	(	(	PUNCT
iiclr-17574	846	27	japan	japan	PROPN
iiclr-17574	846	28	)	)	PUNCT
iiclr-17574	846	29	(	(	PUNCT
iiclr-17574	846	30	on	on	ADP
iiclr-17574	846	31	file	file	NOUN
iiclr-17574	846	32	with	with	ADP
iiclr-17574	846	33	ind	ind	NOUN
iiclr-17574	846	34	.	.	PUNCT
iiclr-17574	847	1	int'l	int'l	PROPN
iiclr-17574	847	2	&	&	CCONJ
iiclr-17574	847	3	comp	comp	PROPN
iiclr-17574	847	4	.	.	PUNCT
iiclr-17574	848	1	l.	l.	PROPN
iiclr-17574	848	2	rev	rev	PROPN
iiclr-17574	848	3	.	.	PUNCT
iiclr-17574	848	4	)	)	PUNCT
iiclr-17574	849	1	[	[	X
iiclr-17574	849	2	hereinafter	hereinafter	NOUN
iiclr-17574	849	3	review	review	NOUN
iiclr-17574	849	4	]	]	PUNCT
iiclr-17574	849	5	.	.	PUNCT
iiclr-17574	850	1	214	214	NUM
iiclr-17574	850	2	.	.	PUNCT
iiclr-17574	850	3	u.s.-japan	u.s.-japan	PROPN
iiclr-17574	850	4	business	business	PROPN
iiclr-17574	850	5	council	council	PROPN
iiclr-17574	850	6	,	,	PUNCT
iiclr-17574	850	7	supra	supra	PROPN
iiclr-17574	850	8	note	note	PROPN
iiclr-17574	850	9	132	132	NUM
iiclr-17574	850	10	,	,	PUNCT
iiclr-17574	850	11	at	at	ADP
iiclr-17574	850	12	15	15	NUM
iiclr-17574	850	13	.	.	PUNCT
iiclr-17574	850	14	215	215	NUM
iiclr-17574	850	15	.	.	PUNCT
iiclr-17574	851	1	foreign	foreign	ADJ
iiclr-17574	851	2	investment	investment	NOUN
iiclr-17574	851	3	trusts	trust	NOUN
iiclr-17574	851	4	are	be	AUX
iiclr-17574	851	5	banned	ban	VERB
iiclr-17574	851	6	from	from	ADP
iiclr-17574	851	7	directly	directly	ADV
iiclr-17574	851	8	selling	sell	VERB
iiclr-17574	851	9	to	to	ADP
iiclr-17574	851	10	japanese	japanese	ADJ
iiclr-17574	851	11	nationals	national	NOUN
iiclr-17574	851	12	.	.	PUNCT
iiclr-17574	852	1	fingleton	fingleton	PROPN
iiclr-17574	852	2	,	,	PUNCT
iiclr-17574	852	3	supra	supra	PROPN
iiclr-17574	852	4	note	note	NOUN
iiclr-17574	852	5	13	13	NUM
iiclr-17574	852	6	.	.	PUNCT
iiclr-17574	853	1	216	216	NUM
iiclr-17574	853	2	.	.	PUNCT
iiclr-17574	854	1	i	i	PRON
iiclr-17574	854	2	d.	d.	PROPN
iiclr-17574	854	3	217	217	NUM
iiclr-17574	854	4	.	.	PUNCT
iiclr-17574	855	1	i	i	PRON
iiclr-17574	855	2	d.	d.	PROPN
iiclr-17574	855	3	218	218	NUM
iiclr-17574	855	4	.	.	PUNCT
iiclr-17574	856	1	i	i	PRON
iiclr-17574	856	2	d.	d.	PROPN
iiclr-17574	856	3	219	219	NUM
iiclr-17574	856	4	.	.	PUNCT
iiclr-17574	857	1	u.s	u.s	PROPN
iiclr-17574	857	2	.	.	PROPN
iiclr-17574	857	3	dep't	dep't	NOUN
iiclr-17574	857	4	of	of	ADP
iiclr-17574	857	5	the	the	DET
iiclr-17574	857	6	treasury	treasury	PROPN
iiclr-17574	857	7	,	,	PUNCT
iiclr-17574	857	8	japan	japan	PROPN
iiclr-17574	857	9	office	office	PROPN
iiclr-17574	857	10	,	,	PUNCT
iiclr-17574	857	11	embassy	embassy	NOUN
iiclr-17574	857	12	of	of	ADP
iiclr-17574	857	13	the	the	DET
iiclr-17574	857	14	u.s	u.s	PROPN
iiclr-17574	857	15	.	.	PROPN
iiclr-17574	857	16	,	,	PUNCT
iiclr-17574	857	17	internal	internal	ADJ
iiclr-17574	857	18	memorandum	memorandum	NOUN
iiclr-17574	857	19	on	on	ADP
iiclr-17574	857	20	investment	investment	NOUN
iiclr-17574	857	21	trust	trust	NOUN
iiclr-17574	857	22	management	management	NOUN
iiclr-17574	857	23	companies	company	NOUN
iiclr-17574	857	24	,	,	PUNCT
iiclr-17574	857	25	(	(	PUNCT
iiclr-17574	857	26	mar	mar	PROPN
iiclr-17574	857	27	.	.	PROPN
iiclr-17574	857	28	22	22	NUM
iiclr-17574	857	29	,	,	PUNCT
iiclr-17574	857	30	1991	1991	NUM
iiclr-17574	857	31	)	)	PUNCT
iiclr-17574	857	32	(	(	PUNCT
iiclr-17574	857	33	on	on	ADP
iiclr-17574	857	34	file	file	NOUN
iiclr-17574	857	35	with	with	ADP
iiclr-17574	857	36	ind	ind	NOUN
iiclr-17574	857	37	.	.	PUNCT
iiclr-17574	858	1	int'l	int'l	PROPN
iiclr-17574	858	2	&	&	CCONJ
iiclr-17574	858	3	comp	comp	PROPN
iiclr-17574	858	4	.	.	PUNCT
iiclr-17574	859	1	l.	l.	PROPN
iiclr-17574	859	2	rev	rev	PROPN
iiclr-17574	859	3	.	.	PUNCT
iiclr-17574	859	4	)	)	PUNCT
iiclr-17574	860	1	[	[	X
iiclr-17574	860	2	hereinafter	hereinafter	NOUN
iiclr-17574	860	3	internal	internal	ADJ
iiclr-17574	860	4	memorandum	memorandum	NOUN
iiclr-17574	860	5	]	]	X
iiclr-17574	860	6	.	.	PUNCT
iiclr-17574	861	1	220	220	NUM
iiclr-17574	861	2	.	.	PUNCT
iiclr-17574	862	1	i	i	PRON
iiclr-17574	862	2	d.	d.	PROPN
iiclr-17574	862	3	221	221	NUM
iiclr-17574	862	4	.	.	PUNCT
iiclr-17574	863	1	i	i	PRON
iiclr-17574	863	2	d.	d.	PROPN
iiclr-17574	863	3	222	222	NUM
iiclr-17574	863	4	.	.	PUNCT
iiclr-17574	864	1	i	i	PRON
iiclr-17574	864	2	d.	d.	PROPN
iiclr-17574	864	3	223	223	NUM
iiclr-17574	864	4	.	.	PUNCT
iiclr-17574	865	1	i	i	PRON
iiclr-17574	865	2	d.	d.	PROPN
iiclr-17574	865	3	224	224	NUM
iiclr-17574	865	4	.	.	PUNCT
iiclr-17574	866	1	i	i	PRON
iiclr-17574	866	2	d.	d.	PROPN
iiclr-17574	866	3	225	225	NUM
iiclr-17574	866	4	.	.	PUNCT
iiclr-17574	866	5	trust	trust	NOUN
iiclr-17574	866	6	law	law	NOUN
iiclr-17574	866	7	,	,	PUNCT
iiclr-17574	866	8	supra	supra	PROPN
iiclr-17574	866	9	note	note	PROPN
iiclr-17574	866	10	211	211	NUM
iiclr-17574	866	11	,	,	PUNCT
iiclr-17574	866	12	art	art	NOUN
iiclr-17574	866	13	.	.	PUNCT
iiclr-17574	867	1	7	7	NUM
iiclr-17574	867	2	.	.	X
iiclr-17574	867	3	226	226	NUM
iiclr-17574	867	4	.	.	PUNCT
iiclr-17574	868	1	i	i	PRON
iiclr-17574	868	2	d.	d.	PROPN
iiclr-17574	868	3	art	art	PROPN
iiclr-17574	868	4	.	.	PUNCT
iiclr-17574	869	1	7(i	7(i	NUM
iiclr-17574	869	2	)	)	PUNCT
iiclr-17574	869	3	.	.	PUNCT
iiclr-17574	870	1	[	[	X
iiclr-17574	870	2	vol	vol	NOUN
iiclr-17574	870	3	.	.	PUNCT
iiclr-17574	870	4	5:2	5:2	NUM
iiclr-17574	870	5	mutual	mutual	ADJ
iiclr-17574	870	6	fund	fund	NOUN
iiclr-17574	870	7	emergence	emergence	VERB
iiclr-17574	870	8	bright	bright	ADJ
iiclr-17574	870	9	.	.	PUNCT
iiclr-17574	870	10	"	"	PUNCT
iiclr-17574	871	1	'	'	PUNCT
iiclr-17574	871	2	227	227	NUM
iiclr-17574	871	3	lastly	lastly	ADV
iiclr-17574	871	4	,	,	PUNCT
iiclr-17574	871	5	the	the	DET
iiclr-17574	871	6	"	"	PUNCT
iiclr-17574	871	7	applicant	applicant	NOUN
iiclr-17574	871	8	's	's	PART
iiclr-17574	871	9	business	business	NOUN
iiclr-17574	871	10	as	as	ADP
iiclr-17574	871	11	a	a	DET
iiclr-17574	871	12	management	management	NOUN
iiclr-17574	871	13	company	company	NOUN
iiclr-17574	871	14	[	[	X
iiclr-17574	871	15	must	must	AUX
iiclr-17574	871	16	be	be	AUX
iiclr-17574	871	17	]	]	PUNCT
iiclr-17574	871	18	necessary	necessary	ADJ
iiclr-17574	871	19	and	and	CCONJ
iiclr-17574	871	20	appropriate	appropriate	ADJ
iiclr-17574	871	21	in	in	ADP
iiclr-17574	871	22	light	light	NOUN
iiclr-17574	871	23	of	of	ADP
iiclr-17574	871	24	the	the	DET
iiclr-17574	871	25	existing	exist	VERB
iiclr-17574	871	26	condition	condition	NOUN
iiclr-17574	871	27	of	of	ADP
iiclr-17574	871	28	the	the	DET
iiclr-17574	871	29	securities	security	NOUN
iiclr-17574	871	30	investment	investment	PROPN
iiclr-17574	871	31	trust	trust	NOUN
iiclr-17574	871	32	business	business	NOUN
iiclr-17574	871	33	and	and	CCONJ
iiclr-17574	871	34	the	the	DET
iiclr-17574	871	35	securities	security	NOUN
iiclr-17574	871	36	market	market	NOUN
iiclr-17574	871	37	.	.	PUNCT
iiclr-17574	871	38	"	"	PUNCT
iiclr-17574	872	1	'	'	PUNCT
iiclr-17574	872	2	228	228	NUM
iiclr-17574	872	3	with	with	ADP
iiclr-17574	872	4	the	the	DET
iiclr-17574	872	5	exception	exception	NOUN
iiclr-17574	872	6	of	of	ADP
iiclr-17574	872	7	these	these	DET
iiclr-17574	872	8	highly	highly	ADV
iiclr-17574	872	9	subjective	subjective	ADJ
iiclr-17574	872	10	legislative	legislative	ADJ
iiclr-17574	872	11	controls	control	NOUN
iiclr-17574	872	12	,	,	PUNCT
iiclr-17574	872	13	the	the	DET
iiclr-17574	872	14	remainder	remainder	NOUN
iiclr-17574	872	15	of	of	ADP
iiclr-17574	872	16	the	the	DET
iiclr-17574	872	17	licensing	licensing	NOUN
iiclr-17574	872	18	process	process	NOUN
iiclr-17574	872	19	relies	rely	VERB
iiclr-17574	872	20	largely	largely	ADV
iiclr-17574	872	21	upon	upon	SCONJ
iiclr-17574	872	22	administrative	administrative	ADJ
iiclr-17574	872	23	guidance	guidance	NOUN
iiclr-17574	872	24	.	.	PUNCT
iiclr-17574	873	1	the	the	DET
iiclr-17574	873	2	mof	mof	NUM
iiclr-17574	873	3	issued	issue	VERB
iiclr-17574	873	4	guidelines	guideline	NOUN
iiclr-17574	873	5	on	on	ADP
iiclr-17574	873	6	december	december	PROPN
iiclr-17574	873	7	14	14	NUM
iiclr-17574	873	8	,	,	PUNCT
iiclr-17574	873	9	1989	1989	NUM
iiclr-17574	873	10	,	,	PUNCT
iiclr-17574	873	11	for	for	ADP
iiclr-17574	873	12	the	the	DET
iiclr-17574	873	13	licensing	licensing	NOUN
iiclr-17574	873	14	of	of	ADP
iiclr-17574	873	15	foreign	foreign	ADJ
iiclr-17574	873	16	investment	investment	NOUN
iiclr-17574	873	17	trusts.229	trusts.229	NOUN
iiclr-17574	873	18	pursuant	pursuant	ADJ
iiclr-17574	873	19	to	to	ADP
iiclr-17574	873	20	these	these	DET
iiclr-17574	873	21	guidelines	guideline	NOUN
iiclr-17574	873	22	,	,	PUNCT
iiclr-17574	873	23	the	the	DET
iiclr-17574	873	24	granting	granting	NOUN
iiclr-17574	873	25	of	of	ADP
iiclr-17574	873	26	licenses	license	NOUN
iiclr-17574	873	27	to	to	ADP
iiclr-17574	873	28	the	the	DET
iiclr-17574	873	29	first	first	ADJ
iiclr-17574	873	30	foreign	foreign	ADJ
iiclr-17574	873	31	-	-	PUNCT
iiclr-17574	873	32	affiliated	affiliate	VERB
iiclr-17574	873	33	firms	firm	NOUN
iiclr-17574	873	34	took	take	VERB
iiclr-17574	873	35	place	place	NOUN
iiclr-17574	873	36	in	in	ADP
iiclr-17574	873	37	1990.230	1990.230	NUM
iiclr-17574	873	38	in	in	ADP
iiclr-17574	873	39	response	response	NOUN
iiclr-17574	873	40	to	to	ADP
iiclr-17574	873	41	the	the	DET
iiclr-17574	873	42	requests	request	NOUN
iiclr-17574	873	43	of	of	ADP
iiclr-17574	873	44	other	other	ADJ
iiclr-17574	873	45	advanced	advanced	ADJ
iiclr-17574	873	46	nations	nation	NOUN
iiclr-17574	873	47	,	,	PUNCT
iiclr-17574	873	48	the	the	DET
iiclr-17574	873	49	mof	mof	NOUN
iiclr-17574	873	50	again	again	ADV
iiclr-17574	873	51	reviewed	review	VERB
iiclr-17574	873	52	its	its	PRON
iiclr-17574	873	53	regulations	regulation	NOUN
iiclr-17574	873	54	in	in	ADP
iiclr-17574	873	55	january	january	PROPN
iiclr-17574	873	56	1992	1992	NUM
iiclr-17574	873	57	.	.	PUNCT
iiclr-17574	874	1	"	"	PUNCT
iiclr-17574	874	2	amendments	amendment	NOUN
iiclr-17574	874	3	to	to	ADP
iiclr-17574	874	4	these	these	DET
iiclr-17574	874	5	guidelines	guideline	NOUN
iiclr-17574	874	6	were	be	AUX
iiclr-17574	874	7	subsequently	subsequently	ADV
iiclr-17574	874	8	announced	announce	VERB
iiclr-17574	874	9	on	on	ADP
iiclr-17574	874	10	january	january	PROPN
iiclr-17574	874	11	28	28	NUM
iiclr-17574	874	12	,	,	PUNCT
iiclr-17574	874	13	1992	1992	NUM
iiclr-17574	874	14	.	.	PUNCT
iiclr-17574	875	1	,	,	PUNCT
iiclr-17574	875	2	23	23	NUM
iiclr-17574	875	3	while	while	SCONJ
iiclr-17574	875	4	the	the	DET
iiclr-17574	875	5	mof	mof	NOUN
iiclr-17574	875	6	believed	believe	VERB
iiclr-17574	875	7	the	the	DET
iiclr-17574	875	8	current	current	ADJ
iiclr-17574	875	9	licensing	licensing	NOUN
iiclr-17574	875	10	standards	standard	NOUN
iiclr-17574	875	11	should	should	AUX
iiclr-17574	875	12	employ	employ	VERB
iiclr-17574	875	13	a	a	DET
iiclr-17574	875	14	more	more	ADV
iiclr-17574	875	15	liberal	liberal	ADJ
iiclr-17574	875	16	standard	standard	NOUN
iiclr-17574	875	17	and	and	CCONJ
iiclr-17574	875	18	should	should	AUX
iiclr-17574	875	19	approve	approve	VERB
iiclr-17574	875	20	more	more	ADJ
iiclr-17574	875	21	entities	entity	NOUN
iiclr-17574	875	22	to	to	PART
iiclr-17574	875	23	promote	promote	VERB
iiclr-17574	875	24	fair	fair	ADJ
iiclr-17574	875	25	competition	competition	NOUN
iiclr-17574	875	26	,	,	PUNCT
iiclr-17574	875	27	the	the	DET
iiclr-17574	875	28	mof	mof	NOUN
iiclr-17574	875	29	was	be	AUX
iiclr-17574	875	30	adamant	adamant	ADJ
iiclr-17574	875	31	that	that	SCONJ
iiclr-17574	875	32	a	a	DET
iiclr-17574	875	33	fire	fire	NOUN
iiclr-17574	875	34	wall	wall	NOUN
iiclr-17574	875	35	develop	develop	VERB
iiclr-17574	875	36	between	between	ADP
iiclr-17574	875	37	the	the	DET
iiclr-17574	875	38	activities	activity	NOUN
iiclr-17574	875	39	of	of	ADP
iiclr-17574	875	40	the	the	DET
iiclr-17574	875	41	parent	parent	NOUN
iiclr-17574	875	42	and	and	CCONJ
iiclr-17574	875	43	the	the	DET
iiclr-17574	875	44	applicant	applicant	ADJ
iiclr-17574	875	45	firm	firm	NOUN
iiclr-17574	875	46	in	in	ADP
iiclr-17574	875	47	cases	case	NOUN
iiclr-17574	875	48	where	where	SCONJ
iiclr-17574	875	49	the	the	DET
iiclr-17574	875	50	parent	parent	NOUN
iiclr-17574	875	51	company	company	NOUN
iiclr-17574	875	52	engages	engage	VERB
iiclr-17574	875	53	in	in	ADP
iiclr-17574	875	54	business	business	NOUN
iiclr-17574	875	55	other	other	ADJ
iiclr-17574	875	56	than	than	ADP
iiclr-17574	875	57	the	the	DET
iiclr-17574	875	58	asset	asset	NOUN
iiclr-17574	875	59	management	management	NOUN
iiclr-17574	875	60	business.232	business.232	VERB
iiclr-17574	875	61	the	the	DET
iiclr-17574	875	62	purpose	purpose	NOUN
iiclr-17574	875	63	of	of	ADP
iiclr-17574	875	64	such	such	DET
iiclr-17574	875	65	a	a	DET
iiclr-17574	875	66	wall	wall	NOUN
iiclr-17574	875	67	was	be	AUX
iiclr-17574	875	68	to	to	PART
iiclr-17574	875	69	prevent	prevent	VERB
iiclr-17574	875	70	abuses	abuse	NOUN
iiclr-17574	875	71	after	after	ADP
iiclr-17574	875	72	entry	entry	NOUN
iiclr-17574	875	73	into	into	ADP
iiclr-17574	875	74	the	the	DET
iiclr-17574	875	75	market.233	market.233	NOUN
iiclr-17574	875	76	the	the	DET
iiclr-17574	875	77	1989	1989	NUM
iiclr-17574	875	78	guidelines	guideline	NOUN
iiclr-17574	875	79	provided	provide	VERB
iiclr-17574	875	80	that	that	SCONJ
iiclr-17574	875	81	the	the	DET
iiclr-17574	875	82	applicant	applicant	ADJ
iiclr-17574	875	83	firms	firm	NOUN
iiclr-17574	875	84	must	must	AUX
iiclr-17574	875	85	have	have	VERB
iiclr-17574	875	86	at	at	ADV
iiclr-17574	875	87	least	least	ADV
iiclr-17574	875	88	three	three	NUM
iiclr-17574	875	89	consecutive	consecutive	ADJ
iiclr-17574	875	90	years	year	NOUN
iiclr-17574	875	91	of	of	ADP
iiclr-17574	875	92	investment	investment	NOUN
iiclr-17574	875	93	trust	trust	NOUN
iiclr-17574	875	94	experience	experience	NOUN
iiclr-17574	875	95	and	and	CCONJ
iiclr-17574	875	96	,	,	PUNCT
iiclr-17574	875	97	among	among	ADP
iiclr-17574	875	98	foreign	foreign	ADJ
iiclr-17574	875	99	firms	firm	NOUN
iiclr-17574	875	100	,	,	PUNCT
iiclr-17574	875	101	expressed	express	VERB
iiclr-17574	875	102	preference	preference	NOUN
iiclr-17574	875	103	for	for	ADP
iiclr-17574	875	104	those	those	PRON
iiclr-17574	875	105	with	with	ADP
iiclr-17574	875	106	experience	experience	NOUN
iiclr-17574	875	107	selling	sell	VERB
iiclr-17574	875	108	their	their	PRON
iiclr-17574	875	109	offshore	offshore	ADJ
iiclr-17574	875	110	funds	fund	NOUN
iiclr-17574	875	111	in	in	ADP
iiclr-17574	875	112	japan.234	japan.234	PROPN
iiclr-17574	875	113	licensing	licensing	NOUN
iiclr-17574	875	114	prerequisites	prerequisite	NOUN
iiclr-17574	875	115	,	,	PUNCT
iiclr-17574	875	116	such	such	ADJ
iiclr-17574	875	117	as	as	ADP
iiclr-17574	875	118	experience	experience	NOUN
iiclr-17574	875	119	in	in	ADP
iiclr-17574	875	120	the	the	DET
iiclr-17574	875	121	japanese	japanese	ADJ
iiclr-17574	875	122	investment	investment	NOUN
iiclr-17574	875	123	trust	trust	NOUN
iiclr-17574	875	124	business	business	NOUN
iiclr-17574	875	125	,	,	PUNCT
iiclr-17574	875	126	were	be	AUX
iiclr-17574	875	127	dropped	drop	VERB
iiclr-17574	875	128	by	by	ADP
iiclr-17574	875	129	the	the	DET
iiclr-17574	875	130	1992	1992	NUM
iiclr-17574	875	131	amendments	amendment	NOUN
iiclr-17574	875	132	,	,	PUNCT
iiclr-17574	875	133	however	however	ADV
iiclr-17574	875	134	,	,	PUNCT
iiclr-17574	875	135	for	for	ADP
iiclr-17574	875	136	parent	parent	NOUN
iiclr-17574	875	137	bodies	body	NOUN
iiclr-17574	875	138	which	which	PRON
iiclr-17574	875	139	had	have	AUX
iiclr-17574	875	140	achieved	achieve	VERB
iiclr-17574	875	141	a	a	DET
iiclr-17574	875	142	certain	certain	ADJ
iiclr-17574	875	143	scale	scale	NOUN
iiclr-17574	875	144	of	of	ADP
iiclr-17574	875	145	results	result	NOUN
iiclr-17574	875	146	in	in	ADP
iiclr-17574	875	147	their	their	PRON
iiclr-17574	875	148	home	home	NOUN
iiclr-17574	875	149	country	country	NOUN
iiclr-17574	875	150	and	and	CCONJ
iiclr-17574	875	151	which	which	PRON
iiclr-17574	875	152	could	could	AUX
iiclr-17574	875	153	be	be	AUX
iiclr-17574	875	154	expected	expect	VERB
iiclr-17574	875	155	to	to	PART
iiclr-17574	875	156	attain	attain	VERB
iiclr-17574	875	157	the	the	DET
iiclr-17574	875	158	same	same	ADJ
iiclr-17574	875	159	results	result	NOUN
iiclr-17574	875	160	in	in	ADP
iiclr-17574	875	161	japan.235	japan.235	NOUN
iiclr-17574	875	162	in	in	ADP
iiclr-17574	875	163	1989	1989	NUM
iiclr-17574	875	164	,	,	PUNCT
iiclr-17574	875	165	a	a	DET
iiclr-17574	875	166	total	total	NOUN
iiclr-17574	875	167	of	of	ADP
iiclr-17574	875	168	about	about	ADV
iiclr-17574	875	169	thirty	thirty	NUM
iiclr-17574	875	170	persons	person	NOUN
iiclr-17574	875	171	,	,	PUNCT
iiclr-17574	875	172	including	include	VERB
iiclr-17574	875	173	directors	director	NOUN
iiclr-17574	875	174	,	,	PUNCT
iiclr-17574	875	175	was	be	AUX
iiclr-17574	875	176	considered	consider	VERB
iiclr-17574	875	177	standard	standard	ADJ
iiclr-17574	875	178	for	for	ADP
iiclr-17574	875	179	setting	set	VERB
iiclr-17574	875	180	up	up	ADP
iiclr-17574	875	181	an	an	DET
iiclr-17574	875	182	investment	investment	NOUN
iiclr-17574	875	183	trust	trust	NOUN
iiclr-17574	875	184	company	company	NOUN
iiclr-17574	875	185	.	.	PUNCT
iiclr-17574	876	1	following	follow	VERB
iiclr-17574	876	2	the	the	DET
iiclr-17574	876	3	1992	1992	NUM
iiclr-17574	876	4	amendments	amendment	NOUN
iiclr-17574	876	5	,	,	PUNCT
iiclr-17574	876	6	this	this	DET
iiclr-17574	876	7	requirement	requirement	NOUN
iiclr-17574	876	8	was	be	AUX
iiclr-17574	876	9	dropped.236	dropped.236	ADJ
iiclr-17574	876	10	similarly	similarly	ADV
iiclr-17574	876	11	,	,	PUNCT
iiclr-17574	876	12	applicant	applicant	ADJ
iiclr-17574	876	13	firms	firm	NOUN
iiclr-17574	876	14	now	now	ADV
iiclr-17574	876	15	can	can	AUX
iiclr-17574	876	16	be	be	AUX
iiclr-17574	876	17	jointly	jointly	ADV
iiclr-17574	876	18	established	establish	VERB
iiclr-17574	876	19	by	by	ADP
iiclr-17574	876	20	several	several	ADJ
iiclr-17574	876	21	companies	company	NOUN
iiclr-17574	876	22	instead	instead	ADV
iiclr-17574	876	23	of	of	ADP
iiclr-17574	876	24	by	by	ADP
iiclr-17574	876	25	a	a	DET
iiclr-17574	876	26	single	single	ADJ
iiclr-17574	876	27	parent	parent	NOUN
iiclr-17574	876	28	company	company	NOUN
iiclr-17574	876	29	.	.	PUNCT
iiclr-17574	877	1	the	the	DET
iiclr-17574	877	2	investment	investment	NOUN
iiclr-17574	877	3	trust	trust	PROPN
iiclr-17574	877	4	management	management	NOUN
iiclr-17574	877	5	company	company	NOUN
iiclr-17574	877	6	formerly	formerly	ADV
iiclr-17574	877	7	was	be	AUX
iiclr-17574	877	8	required	require	VERB
iiclr-17574	877	9	to	to	PART
iiclr-17574	877	10	have	have	VERB
iiclr-17574	877	11	a	a	DET
iiclr-17574	877	12	paid	pay	VERB
iiclr-17574	877	13	-	-	PUNCT
iiclr-17574	877	14	in	in	ADP
iiclr-17574	877	15	capital	capital	NOUN
iiclr-17574	877	16	of	of	ADP
iiclr-17574	877	17	y	y	PROPN
iiclr-17574	877	18	300	300	NUM
iiclr-17574	877	19	million	million	NUM
iiclr-17574	877	20	and	and	CCONJ
iiclr-17574	877	21	an	an	DET
iiclr-17574	877	22	ongoing	ongoing	ADJ
iiclr-17574	877	23	net	net	ADJ
iiclr-17574	877	24	worth	worth	ADJ
iiclr-17574	877	25	227	227	NUM
iiclr-17574	877	26	.	.	PUNCT
iiclr-17574	878	1	i	i	PRON
iiclr-17574	878	2	d.	d.	PROPN
iiclr-17574	878	3	art	art	PROPN
iiclr-17574	878	4	.	.	PUNCT
iiclr-17574	879	1	7(2	7(2	NUM
iiclr-17574	879	2	)	)	PUNCT
iiclr-17574	879	3	.	.	PUNCT
iiclr-17574	880	1	228	228	NUM
iiclr-17574	880	2	.	.	PUNCT
iiclr-17574	881	1	i	i	PRON
iiclr-17574	881	2	d.	d.	PROPN
iiclr-17574	881	3	art	art	PROPN
iiclr-17574	881	4	.	.	PUNCT
iiclr-17574	882	1	7(3	7(3	NUM
iiclr-17574	882	2	)	)	PUNCT
iiclr-17574	882	3	.	.	PUNCT
iiclr-17574	883	1	229	229	NUM
iiclr-17574	883	2	.	.	PUNCT
iiclr-17574	884	1	investment	investment	NOUN
iiclr-17574	884	2	trust	trust	NOUN
iiclr-17574	884	3	management	management	NOUN
iiclr-17574	884	4	,	,	PUNCT
iiclr-17574	884	5	supra	supra	PROPN
iiclr-17574	884	6	note	note	PROPN
iiclr-17574	884	7	11	11	NUM
iiclr-17574	884	8	,	,	PUNCT
iiclr-17574	884	9	at	at	ADP
iiclr-17574	884	10	15	15	NUM
iiclr-17574	884	11	.	.	PUNCT
iiclr-17574	884	12	230	230	NUM
iiclr-17574	884	13	.	.	PUNCT
iiclr-17574	885	1	i	i	PRON
iiclr-17574	885	2	d.	d.	PROPN
iiclr-17574	885	3	231	231	NUM
iiclr-17574	885	4	.	.	PUNCT
iiclr-17574	886	1	i	i	PRON
iiclr-17574	886	2	d.	d.	PROPN
iiclr-17574	886	3	232	232	NUM
iiclr-17574	886	4	.	.	PUNCT
iiclr-17574	887	1	review	review	NOUN
iiclr-17574	887	2	,	,	PUNCT
iiclr-17574	887	3	supra	supra	PROPN
iiclr-17574	887	4	note	note	NOUN
iiclr-17574	887	5	213	213	NUM
iiclr-17574	887	6	,	,	PUNCT
iiclr-17574	887	7	at	at	ADP
iiclr-17574	887	8	1	1	NUM
iiclr-17574	887	9	.	.	ADP
iiclr-17574	887	10	233	233	NUM
iiclr-17574	887	11	.	.	PUNCT
iiclr-17574	888	1	i	i	PRON
iiclr-17574	888	2	d.	d.	PROPN
iiclr-17574	888	3	234	234	NUM
iiclr-17574	888	4	.	.	PUNCT
iiclr-17574	889	1	guidelines	guideline	NOUN
iiclr-17574	889	2	,	,	PUNCT
iiclr-17574	889	3	supra	supra	PROPN
iiclr-17574	889	4	note	note	PROPN
iiclr-17574	889	5	130	130	NUM
iiclr-17574	889	6	;	;	PUNCT
iiclr-17574	889	7	see	see	VERB
iiclr-17574	889	8	also	also	ADV
iiclr-17574	889	9	investment	investment	NOUN
iiclr-17574	889	10	trust	trust	NOUN
iiclr-17574	889	11	,	,	PUNCT
iiclr-17574	889	12	supra	supra	PROPN
iiclr-17574	889	13	note	note	PROPN
iiclr-17574	889	14	11	11	NUM
iiclr-17574	889	15	,	,	PUNCT
iiclr-17574	889	16	at	at	ADP
iiclr-17574	889	17	15	15	NUM
iiclr-17574	889	18	.	.	NOUN
iiclr-17574	889	19	235	235	NUM
iiclr-17574	889	20	.	.	PUNCT
iiclr-17574	890	1	investment	investment	NOUN
iiclr-17574	890	2	trust	trust	NOUN
iiclr-17574	890	3	management	management	NOUN
iiclr-17574	890	4	,	,	PUNCT
iiclr-17574	890	5	supra	supra	PROPN
iiclr-17574	890	6	note	note	PROPN
iiclr-17574	890	7	11	11	NUM
iiclr-17574	890	8	,	,	PUNCT
iiclr-17574	890	9	at	at	ADP
iiclr-17574	890	10	15	15	NUM
iiclr-17574	890	11	.	.	PUNCT
iiclr-17574	890	12	236	236	NUM
iiclr-17574	890	13	.	.	PUNCT
iiclr-17574	891	1	review	review	NOUN
iiclr-17574	891	2	,	,	PUNCT
iiclr-17574	891	3	supra	supra	PROPN
iiclr-17574	891	4	note	note	NOUN
iiclr-17574	891	5	213	213	NUM
iiclr-17574	891	6	.	.	PUNCT
iiclr-17574	891	7	1995	1995	NUM
iiclr-17574	891	8	]	]	X
iiclr-17574	892	1	ind	ind	NOUN
iiclr-17574	892	2	.	.	PUNCT
iiclr-17574	893	1	in'l	in'l	PROPN
iiclr-17574	893	2	&	&	CCONJ
iiclr-17574	893	3	comp	comp	PROPN
iiclr-17574	893	4	.	.	PUNCT
iiclr-17574	894	1	l.	l.	PROPN
iiclr-17574	894	2	rev	rev	PROPN
iiclr-17574	894	3	.	.	PROPN
iiclr-17574	895	1	of	of	ADP
iiclr-17574	895	2	at	at	ADP
iiclr-17574	895	3	least	least	ADJ
iiclr-17574	895	4	y	y	PROPN
iiclr-17574	895	5	50	50	NUM
iiclr-17574	895	6	million	million	NUM
iiclr-17574	895	7	,	,	PUNCT
iiclr-17574	896	1	and	and	CCONJ
iiclr-17574	896	2	it	it	PRON
iiclr-17574	896	3	must	must	AUX
iiclr-17574	896	4	show	show	VERB
iiclr-17574	896	5	a	a	DET
iiclr-17574	896	6	business	business	NOUN
iiclr-17574	896	7	profit	profit	NOUN
iiclr-17574	896	8	after	after	ADP
iiclr-17574	896	9	three	three	NUM
iiclr-17574	896	10	years	year	NOUN
iiclr-17574	896	11	of	of	ADP
iiclr-17574	896	12	operation	operation	NOUN
iiclr-17574	896	13	(	(	PUNCT
iiclr-17574	896	14	or	or	CCONJ
iiclr-17574	896	15	after	after	ADP
iiclr-17574	896	16	five	five	NUM
iiclr-17574	896	17	years	year	NOUN
iiclr-17574	896	18	for	for	ADP
iiclr-17574	896	19	foreign	foreign	ADJ
iiclr-17574	896	20	-	-	PUNCT
iiclr-17574	896	21	affiliated	affiliate	VERB
iiclr-17574	896	22	finns	finn	NOUN
iiclr-17574	896	23	)	)	PUNCT
iiclr-17574	896	24	.	.	PUNCT
iiclr-17574	897	1	237	237	NUM
iiclr-17574	897	2	sales	sale	NOUN
iiclr-17574	897	3	forecasts	forecast	NOUN
iiclr-17574	897	4	sufficient	sufficient	ADJ
iiclr-17574	897	5	to	to	PART
iiclr-17574	897	6	support	support	VERB
iiclr-17574	897	7	business	business	NOUN
iiclr-17574	897	8	operations	operation	NOUN
iiclr-17574	897	9	will	will	AUX
iiclr-17574	897	10	be	be	AUX
iiclr-17574	897	11	judged	judge	VERB
iiclr-17574	897	12	for	for	ADP
iiclr-17574	897	13	foreign	foreign	ADJ
iiclr-17574	897	14	applicants	applicant	NOUN
iiclr-17574	897	15	based	base	VERB
iiclr-17574	897	16	on	on	ADP
iiclr-17574	897	17	their	their	PRON
iiclr-17574	897	18	business	business	NOUN
iiclr-17574	897	19	record	record	NOUN
iiclr-17574	897	20	in	in	ADP
iiclr-17574	897	21	their	their	PRON
iiclr-17574	897	22	home	home	NOUN
iiclr-17574	897	23	country	country	NOUN
iiclr-17574	897	24	,	,	PUNCT
iiclr-17574	897	25	concrete	concrete	ADJ
iiclr-17574	897	26	sales	sale	NOUN
iiclr-17574	897	27	tie	tie	NOUN
iiclr-17574	897	28	-	-	PUNCT
iiclr-17574	897	29	ups	up	NOUN
iiclr-17574	897	30	with	with	ADP
iiclr-17574	897	31	japanese	japanese	ADJ
iiclr-17574	897	32	firms	firm	NOUN
iiclr-17574	897	33	,	,	PUNCT
iiclr-17574	897	34	and	and	CCONJ
iiclr-17574	897	35	their	their	PRON
iiclr-17574	897	36	prior	prior	ADJ
iiclr-17574	897	37	success	success	NOUN
iiclr-17574	897	38	of	of	ADP
iiclr-17574	897	39	selling	sell	VERB
iiclr-17574	897	40	offshore	offshore	ADJ
iiclr-17574	897	41	funds	fund	NOUN
iiclr-17574	897	42	in	in	ADP
iiclr-17574	897	43	japan	japan	PROPN
iiclr-17574	897	44	.	.	PUNCT
iiclr-17574	898	1	in	in	ADP
iiclr-17574	898	2	principal	principal	NOUN
iiclr-17574	898	3	,	,	PUNCT
iiclr-17574	898	4	directors	director	NOUN
iiclr-17574	898	5	must	must	AUX
iiclr-17574	898	6	be	be	AUX
iiclr-17574	898	7	full	full	ADJ
iiclr-17574	898	8	time	time	NOUN
iiclr-17574	898	9	employees	employee	NOUN
iiclr-17574	898	10	,	,	PUNCT
iiclr-17574	898	11	and	and	CCONJ
iiclr-17574	898	12	the	the	DET
iiclr-17574	898	13	[	[	X
iiclr-17574	898	14	investment	investment	NOUN
iiclr-17574	898	15	trust	trust	NOUN
iiclr-17574	898	16	management	management	NOUN
iiclr-17574	898	17	companies	company	NOUN
iiclr-17574	898	18	]	]	PUNCT
iiclr-17574	898	19	must	must	AUX
iiclr-17574	898	20	maintain	maintain	VERB
iiclr-17574	898	21	separate	separate	ADJ
iiclr-17574	898	22	offices	office	NOUN
iiclr-17574	898	23	.	.	PUNCT
iiclr-17574	899	1	personnel	personnel	NOUN
iiclr-17574	899	2	must	must	AUX
iiclr-17574	899	3	have	have	VERB
iiclr-17574	899	4	experience	experience	NOUN
iiclr-17574	899	5	in	in	ADP
iiclr-17574	899	6	the	the	DET
iiclr-17574	899	7	investment	investment	NOUN
iiclr-17574	899	8	trust	trust	NOUN
iiclr-17574	899	9	business	business	NOUN
iiclr-17574	899	10	,	,	PUNCT
iiclr-17574	899	11	and	and	CCONJ
iiclr-17574	899	12	the	the	DET
iiclr-17574	899	13	staff	staff	NOUN
iiclr-17574	899	14	size	size	NOUN
iiclr-17574	899	15	must	must	AUX
iiclr-17574	899	16	be	be	AUX
iiclr-17574	899	17	considered	consider	VERB
iiclr-17574	899	18	adequate	adequate	ADJ
iiclr-17574	899	19	by	by	ADP
iiclr-17574	899	20	[	[	PUNCT
iiclr-17574	899	21	the	the	DET
iiclr-17574	899	22	ministry	ministry	PROPN
iiclr-17574	899	23	of	of	ADP
iiclr-17574	899	24	finance	finance	PROPN
iiclr-17574	899	25	]	]	PUNCT
iiclr-17574	899	26	.	.	PUNCT
iiclr-17574	900	1	"	"	PUNCT
iiclr-17574	900	2	'	'	PUNCT
iiclr-17574	900	3	following	follow	VERB
iiclr-17574	900	4	the	the	DET
iiclr-17574	900	5	adoption	adoption	NOUN
iiclr-17574	900	6	of	of	ADP
iiclr-17574	900	7	measures	measure	NOUN
iiclr-17574	900	8	by	by	ADP
iiclr-17574	900	9	the	the	DET
iiclr-17574	900	10	governments	government	NOUN
iiclr-17574	900	11	of	of	ADP
iiclr-17574	900	12	japan	japan	PROPN
iiclr-17574	900	13	and	and	CCONJ
iiclr-17574	900	14	the	the	DET
iiclr-17574	900	15	united	united	PROPN
iiclr-17574	900	16	states	states	PROPN
iiclr-17574	900	17	regarding	regard	VERB
iiclr-17574	900	18	financial	financial	ADJ
iiclr-17574	900	19	services	service	NOUN
iiclr-17574	900	20	,	,	PUNCT
iiclr-17574	900	21	foreign	foreign	ADJ
iiclr-17574	900	22	investment	investment	NOUN
iiclr-17574	900	23	trust	trust	NOUN
iiclr-17574	900	24	management	management	NOUN
iiclr-17574	900	25	companies	company	NOUN
iiclr-17574	900	26	are	be	AUX
iiclr-17574	900	27	no	no	ADV
iiclr-17574	900	28	longer	long	ADV
iiclr-17574	900	29	required	require	VERB
iiclr-17574	900	30	to	to	PART
iiclr-17574	900	31	show	show	VERB
iiclr-17574	900	32	paid	pay	VERB
iiclr-17574	900	33	-	-	PUNCT
iiclr-17574	900	34	in	in	ADP
iiclr-17574	900	35	capital	capital	NOUN
iiclr-17574	900	36	of	of	ADP
iiclr-17574	900	37	y	y	PROPN
iiclr-17574	900	38	300	300	NUM
iiclr-17574	900	39	million	million	NUM
iiclr-17574	900	40	or	or	CCONJ
iiclr-17574	900	41	an	an	DET
iiclr-17574	900	42	extended	extended	ADJ
iiclr-17574	900	43	record	record	NOUN
iiclr-17574	900	44	of	of	ADP
iiclr-17574	900	45	profit	profit	NOUN
iiclr-17574	900	46	.	.	PUNCT
iiclr-17574	901	1	it	it	PRON
iiclr-17574	901	2	follows	follow	VERB
iiclr-17574	901	3	that	that	SCONJ
iiclr-17574	901	4	japanese	japanese	ADJ
iiclr-17574	901	5	investment	investment	NOUN
iiclr-17574	901	6	trust	trust	NOUN
iiclr-17574	901	7	will	will	AUX
iiclr-17574	901	8	be	be	AUX
iiclr-17574	901	9	less	less	ADV
iiclr-17574	901	10	impervious	impervious	ADJ
iiclr-17574	901	11	to	to	ADP
iiclr-17574	901	12	foreign	foreign	ADJ
iiclr-17574	901	13	competition	competition	NOUN
iiclr-17574	901	14	as	as	SCONJ
iiclr-17574	901	15	more	more	ADJ
iiclr-17574	901	16	foreign	foreign	ADJ
iiclr-17574	901	17	firms	firm	NOUN
iiclr-17574	901	18	will	will	AUX
iiclr-17574	901	19	likely	likely	ADV
iiclr-17574	901	20	be	be	AUX
iiclr-17574	901	21	able	able	ADJ
iiclr-17574	901	22	to	to	PART
iiclr-17574	901	23	satisfy	satisfy	VERB
iiclr-17574	901	24	the	the	DET
iiclr-17574	901	25	entry	entry	NOUN
iiclr-17574	901	26	requirements	requirement	NOUN
iiclr-17574	901	27	.	.	PUNCT
iiclr-17574	902	1	other	other	ADJ
iiclr-17574	902	2	guidelines	guideline	NOUN
iiclr-17574	902	3	,	,	PUNCT
iiclr-17574	902	4	until	until	ADP
iiclr-17574	902	5	recently	recently	ADV
iiclr-17574	902	6	,	,	PUNCT
iiclr-17574	902	7	have	have	AUX
iiclr-17574	902	8	been	be	AUX
iiclr-17574	902	9	equally	equally	ADV
iiclr-17574	902	10	restrictive	restrictive	ADJ
iiclr-17574	902	11	.	.	PUNCT
iiclr-17574	903	1	when	when	SCONJ
iiclr-17574	903	2	the	the	DET
iiclr-17574	903	3	transactions	transaction	NOUN
iiclr-17574	903	4	are	be	AUX
iiclr-17574	903	5	executed	execute	VERB
iiclr-17574	903	6	,	,	PUNCT
iiclr-17574	903	7	they	they	PRON
iiclr-17574	903	8	must	must	AUX
iiclr-17574	903	9	conform	conform	VERB
iiclr-17574	903	10	with	with	ADP
iiclr-17574	903	11	rigid	rigid	ADJ
iiclr-17574	903	12	asset	asset	NOUN
iiclr-17574	903	13	allocation	allocation	NOUN
iiclr-17574	903	14	guidelines	guideline	NOUN
iiclr-17574	903	15	.	.	PUNCT
iiclr-17574	904	1	specifically	specifically	ADV
iiclr-17574	904	2	,	,	PUNCT
iiclr-17574	904	3	the	the	DET
iiclr-17574	904	4	nsda	nsda	NOUN
iiclr-17574	904	5	guidelines	guideline	NOUN
iiclr-17574	904	6	provide	provide	VERB
iiclr-17574	904	7	that	that	SCONJ
iiclr-17574	904	8	:	:	PUNCT
iiclr-17574	904	9	the	the	DET
iiclr-17574	904	10	assets	asset	NOUN
iiclr-17574	904	11	of	of	ADP
iiclr-17574	904	12	the	the	DET
iiclr-17574	904	13	fund	fund	NOUN
iiclr-17574	904	14	may	may	AUX
iiclr-17574	904	15	not	not	PART
iiclr-17574	904	16	be	be	AUX
iiclr-17574	904	17	used	use	VERB
iiclr-17574	904	18	for	for	ADP
iiclr-17574	904	19	underwriting	underwriting	NOUN
iiclr-17574	904	20	or	or	CCONJ
iiclr-17574	904	21	short	short	ADJ
iiclr-17574	904	22	sales	sale	NOUN
iiclr-17574	904	23	of	of	ADP
iiclr-17574	904	24	securities	security	NOUN
iiclr-17574	904	25	;	;	PUNCT
iiclr-17574	904	26	that	that	SCONJ
iiclr-17574	904	27	the	the	DET
iiclr-17574	904	28	fund	fund	NOUN
iiclr-17574	904	29	may	may	AUX
iiclr-17574	904	30	not	not	PART
iiclr-17574	904	31	borrow	borrow	VERB
iiclr-17574	904	32	an	an	DET
iiclr-17574	904	33	amount	amount	NOUN
iiclr-17574	904	34	beyond	beyond	ADP
iiclr-17574	904	35	ten	ten	NUM
iiclr-17574	904	36	percent	percent	NOUN
iiclr-17574	904	37	of	of	ADP
iiclr-17574	904	38	its	its	PRON
iiclr-17574	904	39	assets	asset	NOUN
iiclr-17574	904	40	;	;	PUNCT
iiclr-17574	904	41	may	may	AUX
iiclr-17574	904	42	not	not	PART
iiclr-17574	904	43	invest	invest	VERB
iiclr-17574	904	44	more	more	ADJ
iiclr-17574	904	45	than	than	ADP
iiclr-17574	904	46	ten	ten	NUM
iiclr-17574	904	47	percent	percent	NOUN
iiclr-17574	904	48	of	of	ADP
iiclr-17574	904	49	its	its	PRON
iiclr-17574	904	50	assets	asset	NOUN
iiclr-17574	904	51	in	in	ADP
iiclr-17574	904	52	the	the	DET
iiclr-17574	904	53	stocks	stock	NOUN
iiclr-17574	904	54	of	of	ADP
iiclr-17574	904	55	one	one	NUM
iiclr-17574	904	56	issuer	issuer	NOUN
iiclr-17574	904	57	or	or	CCONJ
iiclr-17574	904	58	in	in	ADP
iiclr-17574	904	59	other	other	ADJ
iiclr-17574	904	60	investment	investment	NOUN
iiclr-17574	904	61	trust	trust	NOUN
iiclr-17574	904	62	securities	security	NOUN
iiclr-17574	904	63	or	or	CCONJ
iiclr-17574	904	64	in	in	ADP
iiclr-17574	904	65	securities	security	NOUN
iiclr-17574	904	66	with	with	ADP
iiclr-17574	904	67	low	low	ADJ
iiclr-17574	904	68	liquidity	liquidity	NOUN
iiclr-17574	904	69	;	;	PUNCT
iiclr-17574	904	70	and	and	CCONJ
iiclr-17574	904	71	may	may	AUX
iiclr-17574	904	72	not	not	PART
iiclr-17574	904	73	invest	invest	VERB
iiclr-17574	904	74	in	in	ADP
iiclr-17574	904	75	commodities	commodity	NOUN
iiclr-17574	904	76	or	or	CCONJ
iiclr-17574	904	77	real	real	ADJ
iiclr-17574	904	78	estate.239	estate.239	VERB
iiclr-17574	904	79	these	these	DET
iiclr-17574	904	80	legal	legal	ADJ
iiclr-17574	904	81	guidelines	guideline	NOUN
iiclr-17574	904	82	on	on	ADP
iiclr-17574	904	83	asset	asset	NOUN
iiclr-17574	904	84	mix	mix	NOUN
iiclr-17574	904	85	limited	limit	VERB
iiclr-17574	904	86	the	the	DET
iiclr-17574	904	87	free	free	ADJ
iiclr-17574	904	88	flow	flow	NOUN
iiclr-17574	904	89	of	of	ADP
iiclr-17574	904	90	capital	capital	NOUN
iiclr-17574	904	91	and	and	CCONJ
iiclr-17574	904	92	made	make	VERB
iiclr-17574	904	93	it	it	PRON
iiclr-17574	904	94	virtually	virtually	ADV
iiclr-17574	904	95	impossible	impossible	ADJ
iiclr-17574	904	96	to	to	PART
iiclr-17574	904	97	construct	construct	VERB
iiclr-17574	904	98	truly	truly	ADV
iiclr-17574	904	99	efficient	efficient	ADJ
iiclr-17574	904	100	portfolios	portfolio	NOUN
iiclr-17574	904	101	.	.	PUNCT
iiclr-17574	905	1	such	such	ADJ
iiclr-17574	905	2	guidelines	guideline	NOUN
iiclr-17574	905	3	also	also	ADV
iiclr-17574	905	4	restrict	restrict	VERB
iiclr-17574	905	5	the	the	DET
iiclr-17574	905	6	possibility	possibility	NOUN
iiclr-17574	905	7	of	of	ADP
iiclr-17574	905	8	specialist	specialist	ADJ
iiclr-17574	905	9	management	management	NOUN
iiclr-17574	905	10	,	,	PUNCT
iiclr-17574	905	11	an	an	DET
iiclr-17574	905	12	approach	approach	NOUN
iiclr-17574	905	13	that	that	PRON
iiclr-17574	905	14	is	be	AUX
iiclr-17574	905	15	accepted	accept	VERB
iiclr-17574	905	16	in	in	ADP
iiclr-17574	905	17	most	most	ADJ
iiclr-17574	905	18	other	other	ADJ
iiclr-17574	905	19	markets	market	NOUN
iiclr-17574	905	20	and	and	CCONJ
iiclr-17574	905	21	is	be	AUX
iiclr-17574	905	22	generally	generally	ADV
iiclr-17574	905	23	believed	believe	VERB
iiclr-17574	905	24	to	to	PART
iiclr-17574	905	25	yield	yield	VERB
iiclr-17574	905	26	better	well	ADJ
iiclr-17574	905	27	returns	return	NOUN
iiclr-17574	905	28	.	.	PUNCT
iiclr-17574	906	1	consequently	consequently	ADV
iiclr-17574	906	2	,	,	PUNCT
iiclr-17574	906	3	institutional	institutional	ADJ
iiclr-17574	906	4	japanese	japanese	ADJ
iiclr-17574	906	5	funds	fund	NOUN
iiclr-17574	906	6	were	be	AUX
iiclr-17574	906	7	virtually	virtually	ADV
iiclr-17574	906	8	assured	assure	VERB
iiclr-17574	906	9	suboptimal	suboptimal	ADJ
iiclr-17574	906	10	performance.24	performance.24	NOUN
iiclr-17574	906	11	237	237	NUM
iiclr-17574	906	12	.	.	PUNCT
iiclr-17574	907	1	dep't	dep't	NOUN
iiclr-17574	907	2	of	of	ADP
iiclr-17574	907	3	the	the	DET
iiclr-17574	907	4	treasury	treasury	NOUN
iiclr-17574	907	5	,	,	PUNCT
iiclr-17574	907	6	embassy	embassy	NOUN
iiclr-17574	907	7	of	of	ADP
iiclr-17574	907	8	the	the	DET
iiclr-17574	907	9	u.s	u.s	PROPN
iiclr-17574	907	10	.	.	PROPN
iiclr-17574	907	11	,	,	PUNCT
iiclr-17574	907	12	unclassified	unclassified	ADJ
iiclr-17574	907	13	information	information	NOUN
iiclr-17574	907	14	release	release	NOUN
iiclr-17574	907	15	(	(	PUNCT
iiclr-17574	907	16	1992	1992	NUM
iiclr-17574	907	17	)	)	PUNCT
iiclr-17574	907	18	(	(	PUNCT
iiclr-17574	907	19	japan	japan	PROPN
iiclr-17574	907	20	)	)	PUNCT
iiclr-17574	907	21	(	(	PUNCT
iiclr-17574	907	22	on	on	ADP
iiclr-17574	907	23	file	file	NOUN
iiclr-17574	907	24	with	with	ADP
iiclr-17574	907	25	ind	ind	NOUN
iiclr-17574	907	26	.	.	PUNCT
iiclr-17574	908	1	int'l	int'l	PROPN
iiclr-17574	908	2	&	&	CCONJ
iiclr-17574	908	3	comp	comp	PROPN
iiclr-17574	908	4	.	.	PUNCT
iiclr-17574	909	1	l.	l.	PROPN
iiclr-17574	909	2	rev	rev	PROPN
iiclr-17574	909	3	.	.	PUNCT
iiclr-17574	909	4	)	)	PUNCT
iiclr-17574	910	1	[	[	X
iiclr-17574	910	2	hereinafter	hereinafter	NOUN
iiclr-17574	910	3	release	release	NOUN
iiclr-17574	910	4	]	]	PUNCT
iiclr-17574	910	5	.	.	PUNCT
iiclr-17574	911	1	238	238	NUM
iiclr-17574	911	2	.	.	PUNCT
iiclr-17574	911	3	investment	investment	NOUN
iiclr-17574	911	4	trust	trust	NOUN
iiclr-17574	911	5	management	management	NOUN
iiclr-17574	911	6	,	,	PUNCT
iiclr-17574	911	7	supra	supra	PROPN
iiclr-17574	911	8	note	note	PROPN
iiclr-17574	911	9	11	11	NUM
iiclr-17574	911	10	,	,	PUNCT
iiclr-17574	911	11	at	at	ADP
iiclr-17574	911	12	15	15	NUM
iiclr-17574	911	13	.	.	PUNCT
iiclr-17574	912	1	239	239	NUM
iiclr-17574	912	2	.	.	PUNCT
iiclr-17574	912	3	standards	standard	NOUN
iiclr-17574	912	4	,	,	PUNCT
iiclr-17574	912	5	supra	supra	PROPN
iiclr-17574	912	6	note	note	NOUN
iiclr-17574	912	7	171	171	NUM
iiclr-17574	912	8	.	.	PUNCT
iiclr-17574	913	1	240	240	NUM
iiclr-17574	913	2	.	.	PUNCT
iiclr-17574	914	1	however	however	ADV
iiclr-17574	914	2	,	,	PUNCT
iiclr-17574	914	3	under	under	ADP
iiclr-17574	914	4	the	the	DET
iiclr-17574	914	5	new	new	ADJ
iiclr-17574	914	6	agreement	agreement	NOUN
iiclr-17574	914	7	reached	reach	VERB
iiclr-17574	914	8	between	between	ADP
iiclr-17574	914	9	the	the	DET
iiclr-17574	914	10	united	united	PROPN
iiclr-17574	914	11	states	states	PROPN
iiclr-17574	914	12	and	and	CCONJ
iiclr-17574	914	13	japan	japan	PROPN
iiclr-17574	914	14	,	,	PUNCT
iiclr-17574	914	15	investment	investment	NOUN
iiclr-17574	914	16	trust	trust	NOUN
iiclr-17574	914	17	management	management	NOUN
iiclr-17574	914	18	companies	company	NOUN
iiclr-17574	914	19	will	will	AUX
iiclr-17574	914	20	have	have	VERB
iiclr-17574	914	21	more	more	ADJ
iiclr-17574	914	22	flexibility	flexibility	NOUN
iiclr-17574	914	23	in	in	ADP
iiclr-17574	914	24	choosing	choose	VERB
iiclr-17574	914	25	investments	investment	NOUN
iiclr-17574	914	26	.	.	PUNCT
iiclr-17574	915	1	joint	joint	ADJ
iiclr-17574	915	2	statement	statement	NOUN
iiclr-17574	915	3	,	,	PUNCT
iiclr-17574	915	4	supra	supra	PROPN
iiclr-17574	915	5	note	note	NOUN
iiclr-17574	915	6	162	162	NUM
iiclr-17574	915	7	.	.	PUNCT
iiclr-17574	916	1	specifically	specifically	ADV
iiclr-17574	916	2	,	,	PUNCT
iiclr-17574	916	3	"	"	PUNCT
iiclr-17574	916	4	the	the	DET
iiclr-17574	916	5	government	government	NOUN
iiclr-17574	916	6	of	of	ADP
iiclr-17574	916	7	japan	japan	PROPN
iiclr-17574	916	8	will	will	AUX
iiclr-17574	916	9	permit	permit	VERB
iiclr-17574	916	10	investment	investment	NOUN
iiclr-17574	916	11	trust	trust	NOUN
iiclr-17574	916	12	management	management	NOUN
iiclr-17574	916	13	companies	company	NOUN
iiclr-17574	916	14	to	to	PART
iiclr-17574	916	15	invest	invest	VERB
iiclr-17574	916	16	up	up	ADP
iiclr-17574	916	17	to	to	ADP
iiclr-17574	916	18	but	but	CCONJ
iiclr-17574	916	19	not	not	PART
iiclr-17574	916	20	including	include	VERB
iiclr-17574	916	21	50	50	NUM
iiclr-17574	916	22	%	%	NOUN
iiclr-17574	916	23	of	of	ADP
iiclr-17574	916	24	each	each	DET
iiclr-17574	916	25	fund	fund	NOUN
iiclr-17574	916	26	in	in	ADP
iiclr-17574	916	27	institutions	institution	NOUN
iiclr-17574	916	28	other	other	ADJ
iiclr-17574	916	29	than	than	ADP
iiclr-17574	916	30	those	those	PRON
iiclr-17574	916	31	defined	define	VERB
iiclr-17574	916	32	under	under	ADP
iiclr-17574	916	33	article	article	NOUN
iiclr-17574	916	34	2	2	NUM
iiclr-17574	916	35	of	of	ADP
iiclr-17574	916	36	the	the	DET
iiclr-17574	916	37	[	[	X
iiclr-17574	916	38	sell	sell	NOUN
iiclr-17574	916	39	.	.	PUNCT
iiclr-17574	916	40	"	"	PUNCT
iiclr-17574	917	1	i	i	PRON
iiclr-17574	917	2	d.	d.	PROPN
iiclr-17574	917	3	at	at	ADP
iiclr-17574	917	4	13	13	NUM
iiclr-17574	917	5	.	.	PUNCT
iiclr-17574	918	1	such	such	ADJ
iiclr-17574	918	2	companies	company	NOUN
iiclr-17574	918	3	may	may	AUX
iiclr-17574	918	4	now	now	ADV
iiclr-17574	918	5	invest	invest	VERB
iiclr-17574	918	6	in	in	ADP
iiclr-17574	918	7	yen	yen	PROPN
iiclr-17574	918	8	cd	cd	PROPN
iiclr-17574	918	9	's	's	PART
iiclr-17574	918	10	,	,	PUNCT
iiclr-17574	918	11	yen	yen	NOUN
iiclr-17574	918	12	call	call	NOUN
iiclr-17574	918	13	money	money	NOUN
iiclr-17574	918	14	,	,	PUNCT
iiclr-17574	918	15	and	and	CCONJ
iiclr-17574	918	16	securitized	securitize	VERB
iiclr-17574	918	17	real	real	ADJ
iiclr-17574	918	18	property	property	NOUN
iiclr-17574	918	19	.	.	PUNCT
iiclr-17574	919	1	i	i	PRON
iiclr-17574	919	2	d	d	PROPN
iiclr-17574	919	3	japan	japan	PROPN
iiclr-17574	919	4	will	will	AUX
iiclr-17574	919	5	"	"	PUNCT
iiclr-17574	919	6	fundamentally	fundamentally	ADV
iiclr-17574	919	7	deregulate	deregulate	VERB
iiclr-17574	919	8	current	current	ADJ
iiclr-17574	919	9	restrictions	restriction	NOUN
iiclr-17574	919	10	on	on	ADP
iiclr-17574	919	11	the	the	DET
iiclr-17574	919	12	types	type	NOUN
iiclr-17574	919	13	of	of	ADP
iiclr-17574	919	14	instruments	instrument	NOUN
iiclr-17574	919	15	in	in	ADP
iiclr-17574	919	16	which	which	PRON
iiclr-17574	919	17	funds	fund	NOUN
iiclr-17574	919	18	will	will	AUX
iiclr-17574	919	19	be	be	AUX
iiclr-17574	919	20	allowed	allow	VERB
iiclr-17574	919	21	to	to	PART
iiclr-17574	919	22	[	[	X
iiclr-17574	919	23	vol	vol	VERB
iiclr-17574	919	24	.	.	PUNCT
iiclr-17574	919	25	5:2	5:2	NUM
iiclr-17574	919	26	mutual	mutual	ADJ
iiclr-17574	919	27	fund	fund	NOUN
iiclr-17574	919	28	emergence	emergence	VERB
iiclr-17574	919	29	e.	e.	PROPN
iiclr-17574	919	30	impact	impact	NOUN
iiclr-17574	919	31	of	of	ADP
iiclr-17574	919	32	these	these	DET
iiclr-17574	919	33	regulations	regulation	NOUN
iiclr-17574	919	34	on	on	ADP
iiclr-17574	919	35	the	the	DET
iiclr-17574	919	36	entry	entry	NOUN
iiclr-17574	919	37	of	of	ADP
iiclr-17574	919	38	us	we	PRON
iiclr-17574	919	39	.	.	PUNCT
iiclr-17574	920	1	mutual	mutual	ADJ
iiclr-17574	920	2	funds	fund	NOUN
iiclr-17574	920	3	although	although	SCONJ
iiclr-17574	920	4	the	the	DET
iiclr-17574	920	5	january	january	PROPN
iiclr-17574	920	6	1992	1992	NUM
iiclr-17574	920	7	amended	amend	VERB
iiclr-17574	920	8	guidelines	guideline	NOUN
iiclr-17574	920	9	reduced	reduce	VERB
iiclr-17574	920	10	the	the	DET
iiclr-17574	920	11	minimum	minimum	ADJ
iiclr-17574	920	12	capital	capital	NOUN
iiclr-17574	920	13	requirement	requirement	NOUN
iiclr-17574	920	14	from	from	ADP
iiclr-17574	920	15	y	y	PROPN
iiclr-17574	920	16	500	500	NUM
iiclr-17574	920	17	to	to	ADP
iiclr-17574	920	18	y	y	PROPN
iiclr-17574	920	19	300	300	NUM
iiclr-17574	920	20	million	million	NUM
iiclr-17574	920	21	(	(	PUNCT
iiclr-17574	920	22	$	$	SYM
iiclr-17574	920	23	2.9	2.9	NUM
iiclr-17574	920	24	million	million	NUM
iiclr-17574	920	25	)	)	PUNCT
iiclr-17574	920	26	,	,	PUNCT
iiclr-17574	920	27	the	the	DET
iiclr-17574	920	28	minimum	minimum	ADJ
iiclr-17574	920	29	net	net	ADJ
iiclr-17574	920	30	worth	worth	ADJ
iiclr-17574	920	31	requirement	requirement	NOUN
iiclr-17574	920	32	of	of	ADP
iiclr-17574	920	33	y	y	PROPN
iiclr-17574	920	34	50	50	NUM
iiclr-17574	920	35	million	million	NUM
iiclr-17574	920	36	(	(	PUNCT
iiclr-17574	920	37	$	$	SYM
iiclr-17574	920	38	490,000	490,000	NUM
iiclr-17574	920	39	)	)	PUNCT
iiclr-17574	920	40	critically	critically	ADV
iiclr-17574	920	41	restrained	restrain	VERB
iiclr-17574	920	42	entry	entry	NOUN
iiclr-17574	920	43	into	into	ADP
iiclr-17574	920	44	the	the	DET
iiclr-17574	920	45	japanese	japanese	ADJ
iiclr-17574	920	46	market.24	market.24	NOUN
iiclr-17574	920	47	"	"	PUNCT
iiclr-17574	920	48	'	'	PUNCT
iiclr-17574	920	49	these	these	DET
iiclr-17574	920	50	guidelines	guideline	NOUN
iiclr-17574	920	51	created	create	VERB
iiclr-17574	920	52	operational	operational	ADJ
iiclr-17574	920	53	,	,	PUNCT
iiclr-17574	920	54	as	as	SCONJ
iiclr-17574	920	55	opposed	oppose	VERB
iiclr-17574	920	56	to	to	ADP
iiclr-17574	920	57	legal	legal	ADJ
iiclr-17574	920	58	,	,	PUNCT
iiclr-17574	920	59	constraints	constraint	NOUN
iiclr-17574	920	60	on	on	ADP
iiclr-17574	920	61	effective	effective	ADJ
iiclr-17574	920	62	competition	competition	NOUN
iiclr-17574	920	63	.	.	PUNCT
iiclr-17574	921	1	by	by	ADP
iiclr-17574	921	2	contrast	contrast	NOUN
iiclr-17574	921	3	,	,	PUNCT
iiclr-17574	921	4	the	the	DET
iiclr-17574	921	5	united	united	PROPN
iiclr-17574	921	6	states	states	PROPN
iiclr-17574	921	7	only	only	ADV
iiclr-17574	921	8	requires	require	VERB
iiclr-17574	921	9	$	$	SYM
iiclr-17574	921	10	100,000	100,000	NUM
iiclr-17574	921	11	of	of	ADP
iiclr-17574	921	12	capital	capital	NOUN
iiclr-17574	921	13	per	per	ADP
iiclr-17574	921	14	individual	individual	ADJ
iiclr-17574	921	15	mutual	mutual	ADJ
iiclr-17574	921	16	fund,242	fund,242	NOUN
iiclr-17574	921	17	nearly	nearly	ADV
iiclr-17574	921	18	a	a	DET
iiclr-17574	921	19	thirty	thirty	NUM
iiclr-17574	921	20	to	to	ADP
iiclr-17574	921	21	one	one	NUM
iiclr-17574	921	22	ratio	ratio	NOUN
iiclr-17574	921	23	.	.	PUNCT
iiclr-17574	922	1	the	the	DET
iiclr-17574	922	2	minimum	minimum	ADJ
iiclr-17574	922	3	capital	capital	NOUN
iiclr-17574	922	4	requirement	requirement	NOUN
iiclr-17574	922	5	actually	actually	ADV
iiclr-17574	922	6	constrains	constrain	VERB
iiclr-17574	922	7	u.s	u.s	PROPN
iiclr-17574	922	8	.	.	PROPN
iiclr-17574	922	9	company	company	NOUN
iiclr-17574	922	10	entry	entry	NOUN
iiclr-17574	922	11	more	more	ADJ
iiclr-17574	922	12	than	than	ADP
iiclr-17574	922	13	the	the	DET
iiclr-17574	922	14	minimum	minimum	ADJ
iiclr-17574	922	15	net	net	ADJ
iiclr-17574	922	16	worth	worth	ADJ
iiclr-17574	922	17	requirement	requirement	NOUN
iiclr-17574	922	18	since	since	SCONJ
iiclr-17574	922	19	foreign	foreign	ADJ
iiclr-17574	922	20	investment	investment	NOUN
iiclr-17574	922	21	trust	trust	NOUN
iiclr-17574	922	22	management	management	NOUN
iiclr-17574	922	23	companies	company	NOUN
iiclr-17574	922	24	(	(	PUNCT
iiclr-17574	922	25	itmc	itmc	VERB
iiclr-17574	922	26	)	)	PUNCT
iiclr-17574	922	27	must	must	AUX
iiclr-17574	922	28	post	post	VERB
iiclr-17574	922	29	a	a	DET
iiclr-17574	922	30	profit	profit	NOUN
iiclr-17574	922	31	within	within	ADP
iiclr-17574	922	32	five	five	NUM
iiclr-17574	922	33	years	year	NOUN
iiclr-17574	922	34	of	of	ADP
iiclr-17574	922	35	entry	entry	NOUN
iiclr-17574	922	36	.	.	PUNCT
iiclr-17574	923	1	past	past	ADP
iiclr-17574	923	2	new	new	ADJ
iiclr-17574	923	3	entrants	entrant	NOUN
iiclr-17574	923	4	in	in	ADP
iiclr-17574	923	5	japan	japan	PROPN
iiclr-17574	923	6	could	could	AUX
iiclr-17574	923	7	easily	easily	ADV
iiclr-17574	923	8	exhaust	exhaust	VERB
iiclr-17574	923	9	y	y	PROPN
iiclr-17574	923	10	300	300	NUM
iiclr-17574	923	11	million	million	NUM
iiclr-17574	923	12	of	of	ADP
iiclr-17574	923	13	capital	capital	NOUN
iiclr-17574	923	14	from	from	ADP
iiclr-17574	923	15	the	the	DET
iiclr-17574	923	16	time	time	NOUN
iiclr-17574	923	17	of	of	ADP
iiclr-17574	923	18	start	start	NOUN
iiclr-17574	923	19	up	up	ADP
iiclr-17574	923	20	to	to	ADP
iiclr-17574	923	21	profitability	profitability	NOUN
iiclr-17574	923	22	,	,	PUNCT
iiclr-17574	923	23	making	make	VERB
iiclr-17574	923	24	it	it	PRON
iiclr-17574	923	25	all	all	DET
iiclr-17574	923	26	the	the	PRON
iiclr-17574	923	27	more	more	ADV
iiclr-17574	923	28	difficult	difficult	ADJ
iiclr-17574	923	29	to	to	PART
iiclr-17574	923	30	maintain	maintain	VERB
iiclr-17574	923	31	a	a	DET
iiclr-17574	923	32	minimum	minimum	ADJ
iiclr-17574	923	33	net	net	ADJ
iiclr-17574	923	34	worth	worth	NOUN
iiclr-17574	923	35	of	of	ADP
iiclr-17574	923	36	y	y	PROPN
iiclr-17574	923	37	50	50	NUM
iiclr-17574	923	38	million	million	NUM
iiclr-17574	923	39	at	at	ADP
iiclr-17574	923	40	all	all	DET
iiclr-17574	923	41	times	time	NOUN
iiclr-17574	923	42	.	.	PUNCT
iiclr-17574	924	1	the	the	DET
iiclr-17574	924	2	mof	mof	NOUN
iiclr-17574	924	3	responds	respond	NOUN
iiclr-17574	924	4	to	to	ADP
iiclr-17574	924	5	criticism	criticism	NOUN
iiclr-17574	924	6	by	by	ADP
iiclr-17574	924	7	saying	say	VERB
iiclr-17574	924	8	that	that	SCONJ
iiclr-17574	924	9	the	the	DET
iiclr-17574	924	10	u.s	u.s	PROPN
iiclr-17574	924	11	.	.	PROPN
iiclr-17574	924	12	mutual	mutual	ADJ
iiclr-17574	924	13	fund	fund	NOUN
iiclr-17574	924	14	industry	industry	NOUN
iiclr-17574	924	15	fundamentally	fundamentally	ADV
iiclr-17574	924	16	differs	differ	VERB
iiclr-17574	924	17	from	from	ADP
iiclr-17574	924	18	japan	japan	PROPN
iiclr-17574	924	19	's	's	PART
iiclr-17574	924	20	.	.	PUNCT
iiclr-17574	925	1	in	in	ADP
iiclr-17574	925	2	japan	japan	PROPN
iiclr-17574	925	3	,	,	PUNCT
iiclr-17574	925	4	initial	initial	ADJ
iiclr-17574	925	5	capital	capital	NOUN
iiclr-17574	925	6	contributions	contribution	NOUN
iiclr-17574	925	7	support	support	VERB
iiclr-17574	925	8	the	the	DET
iiclr-17574	925	9	itmc	itmc	NOUN
iiclr-17574	925	10	,	,	PUNCT
iiclr-17574	925	11	whereas	whereas	SCONJ
iiclr-17574	925	12	in	in	ADP
iiclr-17574	925	13	the	the	DET
iiclr-17574	925	14	united	united	PROPN
iiclr-17574	925	15	states	states	PROPN
iiclr-17574	925	16	,	,	PUNCT
iiclr-17574	925	17	each	each	DET
iiclr-17574	925	18	individual	individual	ADJ
iiclr-17574	925	19	fund	fund	NOUN
iiclr-17574	925	20	represents	represent	VERB
iiclr-17574	925	21	a	a	DET
iiclr-17574	925	22	separately	separately	ADV
iiclr-17574	925	23	capitalized	capitalize	VERB
iiclr-17574	925	24	corporation	corporation	NOUN
iiclr-17574	925	25	.	.	PUNCT
iiclr-17574	926	1	3	3	NUM
iiclr-17574	926	2	foreign	foreign	ADJ
iiclr-17574	926	3	investment	investment	NOUN
iiclr-17574	926	4	adviser	adviser	NOUN
iiclr-17574	926	5	companies	company	NOUN
iiclr-17574	926	6	have	have	VERB
iiclr-17574	926	7	no	no	DET
iiclr-17574	926	8	minimum	minimum	ADJ
iiclr-17574	926	9	capital	capital	NOUN
iiclr-17574	926	10	requirement	requirement	NOUN
iiclr-17574	926	11	in	in	ADP
iiclr-17574	926	12	the	the	DET
iiclr-17574	926	13	united	united	PROPN
iiclr-17574	926	14	states.2	states.2	PROPN
iiclr-17574	926	15	"	"	PUNCT
iiclr-17574	926	16	as	as	ADP
iiclr-17574	926	17	such	such	ADJ
iiclr-17574	926	18	,	,	PUNCT
iiclr-17574	926	19	either	either	CCONJ
iiclr-17574	926	20	the	the	DET
iiclr-17574	926	21	adjusted	adjust	VERB
iiclr-17574	926	22	minimum	minimum	ADJ
iiclr-17574	926	23	net	net	ADJ
iiclr-17574	926	24	worth	worth	ADJ
iiclr-17574	926	25	requirements	requirement	NOUN
iiclr-17574	926	26	or	or	CCONJ
iiclr-17574	926	27	the	the	DET
iiclr-17574	926	28	merger	merger	NOUN
iiclr-17574	926	29	of	of	ADP
iiclr-17574	926	30	the	the	DET
iiclr-17574	926	31	itmcs	itmcs	ADJ
iiclr-17574	926	32	and	and	CCONJ
iiclr-17574	926	33	investment	investment	NOUN
iiclr-17574	926	34	advisers	adviser	NOUN
iiclr-17574	926	35	'	'	PART
iiclr-17574	926	36	licensing	licensing	NOUN
iiclr-17574	926	37	process	process	NOUN
iiclr-17574	926	38	should	should	AUX
iiclr-17574	926	39	inspire	inspire	VERB
iiclr-17574	926	40	new	new	ADJ
iiclr-17574	926	41	,	,	PUNCT
iiclr-17574	926	42	lower	low	ADJ
iiclr-17574	926	43	-	-	PUNCT
iiclr-17574	926	44	cost	cost	NOUN
iiclr-17574	926	45	entry	entry	NOUN
iiclr-17574	926	46	into	into	ADP
iiclr-17574	926	47	the	the	DET
iiclr-17574	926	48	japanese	japanese	ADJ
iiclr-17574	926	49	market.245	market.245	PROPN
iiclr-17574	926	50	the	the	DET
iiclr-17574	926	51	requirement	requirement	NOUN
iiclr-17574	926	52	that	that	SCONJ
iiclr-17574	926	53	only	only	ADV
iiclr-17574	926	54	qualified	qualified	ADJ
iiclr-17574	926	55	securities	security	NOUN
iiclr-17574	926	56	companies	company	NOUN
iiclr-17574	926	57	can	can	AUX
iiclr-17574	926	58	serve	serve	VERB
iiclr-17574	926	59	as	as	ADP
iiclr-17574	926	60	distribution	distribution	NOUN
iiclr-17574	926	61	agents	agent	NOUN
iiclr-17574	926	62	for	for	ADP
iiclr-17574	926	63	offshore	offshore	ADJ
iiclr-17574	926	64	mutual	mutual	ADJ
iiclr-17574	926	65	funds	fund	NOUN
iiclr-17574	926	66	has	have	AUX
iiclr-17574	926	67	created	create	VERB
iiclr-17574	926	68	a	a	DET
iiclr-17574	926	69	marketing	marketing	NOUN
iiclr-17574	926	70	problem	problem	NOUN
iiclr-17574	926	71	,	,	PUNCT
iiclr-17574	926	72	which	which	PRON
iiclr-17574	926	73	in	in	ADP
iiclr-17574	926	74	turn	turn	NOUN
iiclr-17574	926	75	may	may	AUX
iiclr-17574	926	76	dissuade	dissuade	VERB
iiclr-17574	926	77	entrance	entrance	NOUN
iiclr-17574	926	78	by	by	ADP
iiclr-17574	926	79	u.s	u.s	PROPN
iiclr-17574	926	80	.	.	PROPN
iiclr-17574	926	81	mutual	mutual	ADJ
iiclr-17574	926	82	fund	fund	NOUN
iiclr-17574	926	83	companies	company	NOUN
iiclr-17574	926	84	.	.	PUNCT
iiclr-17574	927	1	the	the	DET
iiclr-17574	927	2	broker	broker	NOUN
iiclr-17574	927	3	class	class	NOUN
iiclr-17574	927	4	is	be	AUX
iiclr-17574	927	5	limited	limit	VERB
iiclr-17574	927	6	to	to	ADP
iiclr-17574	927	7	japanese	japanese	ADJ
iiclr-17574	927	8	brokers	broker	NOUN
iiclr-17574	927	9	and	and	CCONJ
iiclr-17574	927	10	foreign	foreign	ADJ
iiclr-17574	927	11	brokers	broker	NOUN
iiclr-17574	927	12	who	who	PRON
iiclr-17574	927	13	have	have	VERB
iiclr-17574	927	14	a	a	DET
iiclr-17574	927	15	branch	branch	NOUN
iiclr-17574	927	16	license	license	NOUN
iiclr-17574	927	17	and	and	CCONJ
iiclr-17574	927	18	who	who	PRON
iiclr-17574	927	19	have	have	AUX
iiclr-17574	927	20	applied	apply	VERB
iiclr-17574	927	21	to	to	ADP
iiclr-17574	927	22	the	the	DET
iiclr-17574	927	23	japan	japan	PROPN
iiclr-17574	927	24	securities	securities	PROPN
iiclr-17574	927	25	dealers	dealers	PROPN
iiclr-17574	927	26	association	association	PROPN
iiclr-17574	927	27	for	for	ADP
iiclr-17574	927	28	authorization	authorization	NOUN
iiclr-17574	927	29	to	to	PART
iiclr-17574	927	30	sell	sell	VERB
iiclr-17574	927	31	fits	fit	NOUN
iiclr-17574	927	32	.	.	PUNCT
iiclr-17574	928	1	distributors	distributor	NOUN
iiclr-17574	928	2	place	place	VERB
iiclr-17574	928	3	their	their	PRON
iiclr-17574	928	4	greatest	great	ADJ
iiclr-17574	928	5	effort	effort	NOUN
iiclr-17574	928	6	on	on	ADP
iiclr-17574	928	7	selling	sell	VERB
iiclr-17574	928	8	invest	invest	VERB
iiclr-17574	928	9	in	in	ADP
iiclr-17574	928	10	...	...	PUNCT
iiclr-17574	928	11	.	.	PUNCT
iiclr-17574	928	12	"	"	PUNCT
iiclr-17574	929	1	i	i	PRON
iiclr-17574	929	2	d.	d.	PROPN
iiclr-17574	929	3	accordingly	accordingly	ADV
iiclr-17574	929	4	,	,	PUNCT
iiclr-17574	929	5	the	the	DET
iiclr-17574	929	6	requirement	requirement	NOUN
iiclr-17574	929	7	that	that	SCONJ
iiclr-17574	929	8	futures	future	NOUN
iiclr-17574	929	9	and	and	CCONJ
iiclr-17574	929	10	options	option	NOUN
iiclr-17574	929	11	trading	trading	NOUN
iiclr-17574	929	12	be	be	AUX
iiclr-17574	929	13	used	use	VERB
iiclr-17574	929	14	only	only	ADV
iiclr-17574	929	15	for	for	ADP
iiclr-17574	929	16	hedging	hedging	NOUN
iiclr-17574	929	17	is	be	AUX
iiclr-17574	929	18	abolished	abolish	VERB
iiclr-17574	929	19	,	,	PUNCT
iiclr-17574	929	20	and	and	CCONJ
iiclr-17574	929	21	the	the	DET
iiclr-17574	929	22	permissible	permissible	ADJ
iiclr-17574	929	23	range	range	NOUN
iiclr-17574	929	24	of	of	ADP
iiclr-17574	929	25	margin	margin	NOUN
iiclr-17574	929	26	transactions	transaction	NOUN
iiclr-17574	929	27	in	in	ADP
iiclr-17574	929	28	which	which	PRON
iiclr-17574	929	29	stock	stock	NOUN
iiclr-17574	929	30	may	may	AUX
iiclr-17574	929	31	be	be	AUX
iiclr-17574	929	32	borrowed	borrow	VERB
iiclr-17574	929	33	and	and	CCONJ
iiclr-17574	929	34	sold	sell	VERB
iiclr-17574	929	35	will	will	AUX
iiclr-17574	929	36	be	be	AUX
iiclr-17574	929	37	expanded	expand	VERB
iiclr-17574	929	38	.	.	PUNCT
iiclr-17574	930	1	i	i	PRON
iiclr-17574	930	2	d.	d.	PROPN
iiclr-17574	930	3	at	at	ADP
iiclr-17574	930	4	13	13	NUM
iiclr-17574	930	5	-	-	SYM
iiclr-17574	930	6	14	14	NUM
iiclr-17574	930	7	.	.	PUNCT
iiclr-17574	931	1	additionally	additionally	ADV
iiclr-17574	931	2	,	,	PUNCT
iiclr-17574	931	3	investment	investment	NOUN
iiclr-17574	931	4	trust	trust	NOUN
iiclr-17574	931	5	management	management	NOUN
iiclr-17574	931	6	companies	company	NOUN
iiclr-17574	931	7	are	be	AUX
iiclr-17574	931	8	allowed	allow	VERB
iiclr-17574	931	9	to	to	PART
iiclr-17574	931	10	invest	invest	VERB
iiclr-17574	931	11	in	in	ADP
iiclr-17574	931	12	foreign	foreign	ADJ
iiclr-17574	931	13	and	and	CCONJ
iiclr-17574	931	14	domestic	domestic	ADJ
iiclr-17574	931	15	privately	privately	ADV
iiclr-17574	931	16	placed	place	VERB
iiclr-17574	931	17	bonds	bond	NOUN
iiclr-17574	931	18	,	,	PUNCT
iiclr-17574	931	19	other	other	ADJ
iiclr-17574	931	20	investment	investment	NOUN
iiclr-17574	931	21	trust	trust	NOUN
iiclr-17574	931	22	products	product	NOUN
iiclr-17574	931	23	,	,	PUNCT
iiclr-17574	931	24	and	and	CCONJ
iiclr-17574	931	25	securitized	securitized	ADJ
iiclr-17574	931	26	investment	investment	NOUN
iiclr-17574	931	27	backed	back	VERB
iiclr-17574	931	28	by	by	ADP
iiclr-17574	931	29	real	real	ADJ
iiclr-17574	931	30	property	property	NOUN
iiclr-17574	931	31	.	.	PUNCT
iiclr-17574	932	1	i	i	PRON
iiclr-17574	932	2	d.	d.	PROPN
iiclr-17574	932	3	at	at	ADP
iiclr-17574	932	4	14	14	NUM
iiclr-17574	932	5	.	.	PUNCT
iiclr-17574	933	1	*	*	PUNCT
iiclr-17574	933	2	241	241	X
iiclr-17574	933	3	.	.	PUNCT
iiclr-17574	934	1	u.s	u.s	PROPN
iiclr-17574	934	2	.	.	PROPN
iiclr-17574	934	3	dep't	dep't	NOUN
iiclr-17574	934	4	of	of	ADP
iiclr-17574	934	5	treasury	treasury	PROPN
iiclr-17574	934	6	,	,	PUNCT
iiclr-17574	934	7	asset	asset	NOUN
iiclr-17574	934	8	management	management	NOUN
iiclr-17574	934	9	(	(	PUNCT
iiclr-17574	934	10	investment	investment	NOUN
iiclr-17574	934	11	trusts	trust	NOUN
iiclr-17574	934	12	)	)	PUNCT
iiclr-17574	934	13	(	(	PUNCT
iiclr-17574	934	14	may	may	PROPN
iiclr-17574	934	15	1994	1994	NUM
iiclr-17574	934	16	)	)	PUNCT
iiclr-17574	934	17	(	(	PUNCT
iiclr-17574	934	18	on	on	ADP
iiclr-17574	934	19	file	file	NOUN
iiclr-17574	934	20	with	with	ADP
iiclr-17574	934	21	ind	ind	NOUN
iiclr-17574	934	22	.	.	PUNCT
iiclr-17574	935	1	int'l	int'l	PROPN
iiclr-17574	935	2	&	&	CCONJ
iiclr-17574	935	3	comp	comp	PROPN
iiclr-17574	935	4	.	.	PUNCT
iiclr-17574	936	1	l.	l.	PROPN
iiclr-17574	936	2	rev	rev	PROPN
iiclr-17574	936	3	.	.	PUNCT
iiclr-17574	936	4	)	)	PUNCT
iiclr-17574	937	1	[	[	X
iiclr-17574	937	2	hereinafter	hereinafter	NOUN
iiclr-17574	937	3	asset	asset	NOUN
iiclr-17574	937	4	management	management	NOUN
iiclr-17574	937	5	]	]	PUNCT
iiclr-17574	937	6	.	.	PUNCT
iiclr-17574	938	1	242	242	NUM
iiclr-17574	938	2	.	.	NOUN
iiclr-17574	938	3	15	15	NUM
iiclr-17574	938	4	u.s.c	u.s.c	NOUN
iiclr-17574	938	5	.	.	PUNCT
iiclr-17574	939	1	§	§	PROPN
iiclr-17574	939	2	80a12(a)(l	80a12(a)(l	NUM
iiclr-17574	939	3	)	)	PUNCT
iiclr-17574	939	4	.	.	PUNCT
iiclr-17574	940	1	this	this	DET
iiclr-17574	940	2	section	section	NOUN
iiclr-17574	940	3	provides	provide	VERB
iiclr-17574	940	4	that	that	SCONJ
iiclr-17574	940	5	no	no	DET
iiclr-17574	940	6	registered	register	VERB
iiclr-17574	940	7	investment	investment	NOUN
iiclr-17574	940	8	company	company	NOUN
iiclr-17574	940	9	shall	shall	AUX
iiclr-17574	940	10	make	make	VERB
iiclr-17574	940	11	a	a	DET
iiclr-17574	940	12	public	public	ADJ
iiclr-17574	940	13	offering	offering	NOUN
iiclr-17574	940	14	of	of	ADP
iiclr-17574	940	15	securities	security	NOUN
iiclr-17574	940	16	of	of	ADP
iiclr-17574	940	17	which	which	PRON
iiclr-17574	940	18	such	such	ADJ
iiclr-17574	940	19	company	company	NOUN
iiclr-17574	940	20	is	be	AUX
iiclr-17574	940	21	the	the	DET
iiclr-17574	940	22	issuer	issuer	NOUN
iiclr-17574	940	23	,	,	PUNCT
iiclr-17574	940	24	unless	unless	SCONJ
iiclr-17574	940	25	:	:	PUNCT
iiclr-17574	940	26	such	such	ADJ
iiclr-17574	940	27	company	company	NOUN
iiclr-17574	940	28	has	have	VERB
iiclr-17574	940	29	a	a	DET
iiclr-17574	940	30	net	net	ADJ
iiclr-17574	940	31	worth	worth	NOUN
iiclr-17574	940	32	of	of	ADP
iiclr-17574	940	33	at	at	ADV
iiclr-17574	940	34	least	least	ADV
iiclr-17574	940	35	$	$	SYM
iiclr-17574	940	36	100,000	100,000	NUM
iiclr-17574	940	37	.	.	PUNCT
iiclr-17574	941	1	243	243	NUM
iiclr-17574	941	2	.	.	PUNCT
iiclr-17574	942	1	asset	asset	NOUN
iiclr-17574	942	2	management	management	NOUN
iiclr-17574	942	3	,	,	PUNCT
iiclr-17574	942	4	supra	supra	PROPN
iiclr-17574	942	5	note	note	PROPN
iiclr-17574	942	6	241	241	NUM
iiclr-17574	942	7	.	.	PUNCT
iiclr-17574	943	1	244	244	NUM
iiclr-17574	943	2	.	.	PUNCT
iiclr-17574	944	1	15	15	NUM
iiclr-17574	944	2	u.s.c	u.s.c	NOUN
iiclr-17574	944	3	.	.	PUNCT
iiclr-17574	945	1	80bito	80bito	NUM
iiclr-17574	946	1	80b-2	80b-2	PROPN
iiclr-17574	946	2	1	1	NUM
iiclr-17574	946	3	.	.	PUNCT
iiclr-17574	947	1	the	the	DET
iiclr-17574	947	2	investment	investment	NOUN
iiclr-17574	947	3	advisersact	advisersact	NOUN
iiclr-17574	947	4	of	of	ADP
iiclr-17574	947	5	1940	1940	NUM
iiclr-17574	947	6	has	have	VERB
iiclr-17574	947	7	no	no	DET
iiclr-17574	947	8	minimum	minimum	ADJ
iiclr-17574	947	9	capital	capital	NOUN
iiclr-17574	947	10	requirements	requirement	NOUN
iiclr-17574	947	11	for	for	ADP
iiclr-17574	947	12	the	the	DET
iiclr-17574	947	13	application	application	NOUN
iiclr-17574	947	14	of	of	ADP
iiclr-17574	947	15	an	an	DET
iiclr-17574	947	16	investment	investment	NOUN
iiclr-17574	947	17	adviser	adviser	NOUN
iiclr-17574	947	18	license	license	NOUN
iiclr-17574	947	19	.	.	PUNCT
iiclr-17574	948	1	245	245	NUM
iiclr-17574	948	2	.	.	PUNCT
iiclr-17574	948	3	asset	asset	NOUN
iiclr-17574	948	4	management	management	NOUN
iiclr-17574	948	5	,	,	PUNCT
iiclr-17574	948	6	supra	supra	PROPN
iiclr-17574	948	7	note	note	PROPN
iiclr-17574	948	8	241	241	NUM
iiclr-17574	948	9	.	.	NOUN
iiclr-17574	948	10	1995	1995	NUM
iiclr-17574	948	11	]	]	X
iiclr-17574	949	1	ind	ind	NOUN
iiclr-17574	949	2	.	.	PUNCT
iiclr-17574	950	1	int'l	int'l	PROPN
iiclr-17574	950	2	&	&	CCONJ
iiclr-17574	950	3	comp	comp	PROPN
iiclr-17574	950	4	.	.	PUNCT
iiclr-17574	951	1	l.	l.	PROPN
iiclr-17574	951	2	rev	rev	PROPN
iiclr-17574	951	3	.	.	PUNCT
iiclr-17574	952	1	domestically	domestically	ADV
iiclr-17574	952	2	-	-	PUNCT
iiclr-17574	952	3	created	create	VERB
iiclr-17574	952	4	trusts	trust	NOUN
iiclr-17574	952	5	and	and	CCONJ
iiclr-17574	952	6	only	only	ADV
iiclr-17574	952	7	sell	sell	VERB
iiclr-17574	952	8	foreign	foreign	ADJ
iiclr-17574	952	9	-	-	PUNCT
iiclr-17574	952	10	domiciled	domicile	VERB
iiclr-17574	952	11	trusts	trust	NOUN
iiclr-17574	952	12	as	as	ADP
iiclr-17574	952	13	an	an	DET
iiclr-17574	952	14	occasional	occasional	ADJ
iiclr-17574	952	15	means	mean	NOUN
iiclr-17574	952	16	of	of	ADP
iiclr-17574	952	17	"	"	PUNCT
iiclr-17574	952	18	rounding	round	VERB
iiclr-17574	952	19	out	out	ADP
iiclr-17574	952	20	"	"	PUNCT
iiclr-17574	952	21	their	their	PRON
iiclr-17574	952	22	product	product	NOUN
iiclr-17574	952	23	line	line	NOUN
iiclr-17574	952	24	.	.	PUNCT
iiclr-17574	953	1	there	there	PRON
iiclr-17574	953	2	are	be	VERB
iiclr-17574	953	3	fewer	few	ADJ
iiclr-17574	953	4	distributors	distributor	NOUN
iiclr-17574	953	5	than	than	ADP
iiclr-17574	953	6	funds	fund	NOUN
iiclr-17574	953	7	,	,	PUNCT
iiclr-17574	953	8	so	so	SCONJ
iiclr-17574	953	9	securities	security	NOUN
iiclr-17574	953	10	brokers	broker	NOUN
iiclr-17574	953	11	generally	generally	ADV
iiclr-17574	953	12	form	form	VERB
iiclr-17574	953	13	relationships	relationship	NOUN
iiclr-17574	953	14	with	with	ADP
iiclr-17574	953	15	those	those	DET
iiclr-17574	953	16	foreign	foreign	ADJ
iiclr-17574	953	17	funds	fund	NOUN
iiclr-17574	953	18	that	that	PRON
iiclr-17574	953	19	pay	pay	VERB
iiclr-17574	953	20	the	the	DET
iiclr-17574	953	21	highest	high	ADJ
iiclr-17574	953	22	commissions	commission	NOUN
iiclr-17574	953	23	and	and	CCONJ
iiclr-17574	953	24	share	share	VERB
iiclr-17574	953	25	their	their	PRON
iiclr-17574	953	26	investment	investment	NOUN
iiclr-17574	953	27	expertise	expertise	NOUN
iiclr-17574	953	28	.	.	PUNCT
iiclr-17574	954	1	most	most	ADJ
iiclr-17574	954	2	foreign	foreign	ADJ
iiclr-17574	954	3	management	management	NOUN
iiclr-17574	954	4	firms	firm	NOUN
iiclr-17574	954	5	only	only	ADV
iiclr-17574	954	6	have	have	VERB
iiclr-17574	954	7	relations	relation	NOUN
iiclr-17574	954	8	with	with	ADP
iiclr-17574	954	9	the	the	DET
iiclr-17574	954	10	international	international	ADJ
iiclr-17574	954	11	departments	department	NOUN
iiclr-17574	954	12	of	of	ADP
iiclr-17574	954	13	japanese	japanese	ADJ
iiclr-17574	954	14	brokers	broker	NOUN
iiclr-17574	954	15	,	,	PUNCT
iiclr-17574	954	16	while	while	SCONJ
iiclr-17574	954	17	it	it	PRON
iiclr-17574	954	18	is	be	AUX
iiclr-17574	954	19	the	the	DET
iiclr-17574	954	20	domestic	domestic	ADJ
iiclr-17574	954	21	investment	investment	NOUN
iiclr-17574	954	22	trust	trust	NOUN
iiclr-17574	954	23	sales	sale	NOUN
iiclr-17574	954	24	departments	department	NOUN
iiclr-17574	954	25	that	that	PRON
iiclr-17574	954	26	actually	actually	ADV
iiclr-17574	954	27	sell	sell	VERB
iiclr-17574	954	28	these	these	DET
iiclr-17574	954	29	foreign	foreign	ADJ
iiclr-17574	954	30	trusts	trust	NOUN
iiclr-17574	954	31	in	in	ADP
iiclr-17574	954	32	japan	japan	PROPN
iiclr-17574	954	33	.	.	PUNCT
iiclr-17574	955	1	there	there	PRON
iiclr-17574	955	2	is	be	VERB
iiclr-17574	955	3	also	also	ADV
iiclr-17574	955	4	a	a	DET
iiclr-17574	955	5	disruptive	disruptive	ADJ
iiclr-17574	955	6	mof	mof	ADJ
iiclr-17574	955	7	guideline	guideline	NOUN
iiclr-17574	955	8	which	which	PRON
iiclr-17574	955	9	applies	apply	VERB
iiclr-17574	955	10	to	to	ADP
iiclr-17574	955	11	publicly	publicly	ADV
iiclr-17574	955	12	-	-	PUNCT
iiclr-17574	955	13	offered	offer	VERB
iiclr-17574	955	14	foreign	foreign	ADJ
iiclr-17574	955	15	funds	fund	NOUN
iiclr-17574	955	16	in	in	ADP
iiclr-17574	955	17	japan	japan	PROPN
iiclr-17574	955	18	.	.	PUNCT
iiclr-17574	956	1	the	the	DET
iiclr-17574	956	2	guideline	guideline	NOUN
iiclr-17574	956	3	requires	require	VERB
iiclr-17574	956	4	that	that	SCONJ
iiclr-17574	956	5	an	an	DET
iiclr-17574	956	6	amount	amount	NOUN
iiclr-17574	956	7	equal	equal	ADJ
iiclr-17574	956	8	to	to	ADP
iiclr-17574	956	9	twenty	twenty	NUM
iiclr-17574	956	10	percent	percent	NOUN
iiclr-17574	956	11	of	of	ADP
iiclr-17574	956	12	the	the	DET
iiclr-17574	956	13	value	value	NOUN
iiclr-17574	956	14	of	of	ADP
iiclr-17574	956	15	the	the	DET
iiclr-17574	956	16	japanese	japanese	ADJ
iiclr-17574	956	17	offering	offering	NOUN
iiclr-17574	956	18	must	must	AUX
iiclr-17574	956	19	be	be	AUX
iiclr-17574	956	20	placed	place	VERB
iiclr-17574	956	21	outside	outside	ADP
iiclr-17574	956	22	japan.24	japan.24	NOUN
iiclr-17574	956	23	this	this	DET
iiclr-17574	956	24	guideline	guideline	NOUN
iiclr-17574	956	25	is	be	AUX
iiclr-17574	956	26	burdensome	burdensome	ADJ
iiclr-17574	956	27	because	because	SCONJ
iiclr-17574	956	28	many	many	ADJ
iiclr-17574	956	29	brokers	broker	NOUN
iiclr-17574	956	30	can	can	AUX
iiclr-17574	956	31	not	not	PART
iiclr-17574	956	32	place	place	VERB
iiclr-17574	956	33	this	this	DET
iiclr-17574	956	34	amount	amount	NOUN
iiclr-17574	956	35	with	with	ADP
iiclr-17574	956	36	certainty	certainty	NOUN
iiclr-17574	956	37	and	and	CCONJ
iiclr-17574	956	38	the	the	DET
iiclr-17574	956	39	investment	investment	NOUN
iiclr-17574	956	40	objectives	objective	NOUN
iiclr-17574	956	41	of	of	ADP
iiclr-17574	956	42	funds	fund	NOUN
iiclr-17574	956	43	specifically	specifically	ADV
iiclr-17574	956	44	designed	design	VERB
iiclr-17574	956	45	for	for	ADP
iiclr-17574	956	46	japanese	japanese	ADJ
iiclr-17574	956	47	investors	investor	NOUN
iiclr-17574	956	48	are	be	AUX
iiclr-17574	956	49	often	often	ADV
iiclr-17574	956	50	not	not	PART
iiclr-17574	956	51	suited	suit	VERB
iiclr-17574	956	52	for	for	SCONJ
iiclr-17574	956	53	other	other	ADJ
iiclr-17574	956	54	foreign	foreign	ADJ
iiclr-17574	956	55	investors.247	investors.247	NOUN
iiclr-17574	956	56	brokers	broker	NOUN
iiclr-17574	956	57	are	be	AUX
iiclr-17574	956	58	further	far	ADV
iiclr-17574	956	59	hindered	hinder	VERB
iiclr-17574	956	60	by	by	ADP
iiclr-17574	956	61	the	the	DET
iiclr-17574	956	62	prohibition	prohibition	NOUN
iiclr-17574	956	63	on	on	ADP
iiclr-17574	956	64	implementation	implementation	NOUN
iiclr-17574	956	65	of	of	ADP
iiclr-17574	956	66	special	special	ADJ
iiclr-17574	956	67	sales	sale	NOUN
iiclr-17574	956	68	charge	charge	NOUN
iiclr-17574	956	69	systems	system	NOUN
iiclr-17574	956	70	,	,	PUNCT
iiclr-17574	956	71	such	such	ADJ
iiclr-17574	956	72	as	as	ADP
iiclr-17574	956	73	special	special	ADJ
iiclr-17574	956	74	discount	discount	NOUN
iiclr-17574	956	75	,	,	PUNCT
iiclr-17574	956	76	"	"	PUNCT
iiclr-17574	956	77	no	no	DET
iiclr-17574	956	78	-	-	PUNCT
iiclr-17574	956	79	load	load	NOUN
iiclr-17574	956	80	,	,	PUNCT
iiclr-17574	956	81	"	"	PUNCT
iiclr-17574	956	82	or	or	CCONJ
iiclr-17574	956	83	"	"	PUNCT
iiclr-17574	956	84	front	front	ADJ
iiclr-17574	956	85	-	-	PUNCT
iiclr-17574	956	86	end	end	NOUN
iiclr-17574	956	87	load	load	NOUN
iiclr-17574	956	88	.	.	PUNCT
iiclr-17574	956	89	"	"	PUNCT
iiclr-17574	957	1	248	248	NUM
iiclr-17574	957	2	the	the	DET
iiclr-17574	957	3	brokerage	brokerage	NOUN
iiclr-17574	957	4	commission	commission	NOUN
iiclr-17574	957	5	is	be	AUX
iiclr-17574	957	6	strictly	strictly	ADV
iiclr-17574	957	7	regulated	regulate	VERB
iiclr-17574	957	8	to	to	ADP
iiclr-17574	957	9	a	a	DET
iiclr-17574	957	10	maximum	maximum	NOUN
iiclr-17574	957	11	of	of	ADP
iiclr-17574	957	12	180	180	NUM
iiclr-17574	957	13	basis	basis	NOUN
iiclr-17574	957	14	points	point	NOUN
iiclr-17574	957	15	.	.	PUNCT
iiclr-17574	958	1	"	"	PUNCT
iiclr-17574	958	2	the	the	DET
iiclr-17574	958	3	mof	mof	NOUN
iiclr-17574	958	4	[	[	X
iiclr-17574	958	5	also	also	ADV
iiclr-17574	958	6	]	]	X
iiclr-17574	958	7	does	do	AUX
iiclr-17574	958	8	not	not	PART
iiclr-17574	958	9	permit	permit	VERB
iiclr-17574	958	10	the	the	DET
iiclr-17574	958	11	management	management	NOUN
iiclr-17574	958	12	company	company	NOUN
iiclr-17574	958	13	and	and	CCONJ
iiclr-17574	958	14	the	the	DET
iiclr-17574	958	15	broker	broker	NOUN
iiclr-17574	958	16	to	to	PART
iiclr-17574	958	17	agree	agree	VERB
iiclr-17574	958	18	on	on	ADP
iiclr-17574	958	19	a	a	DET
iiclr-17574	958	20	commission	commission	NOUN
iiclr-17574	958	21	between	between	ADP
iiclr-17574	958	22	them	they	PRON
iiclr-17574	958	23	.	.	PUNCT
iiclr-17574	959	1	2	2	NUM
iiclr-17574	959	2	49	49	NUM
iiclr-17574	959	3	additionally	additionally	ADV
iiclr-17574	959	4	,	,	PUNCT
iiclr-17574	959	5	"	"	PUNCT
iiclr-17574	959	6	the	the	DET
iiclr-17574	959	7	upper	upper	ADJ
iiclr-17574	959	8	limit	limit	NOUN
iiclr-17574	959	9	is	be	AUX
iiclr-17574	959	10	too	too	ADV
iiclr-17574	959	11	low	low	ADJ
iiclr-17574	959	12	to	to	PART
iiclr-17574	959	13	permit	permit	VERB
iiclr-17574	959	14	commission	commission	NOUN
iiclr-17574	959	15	splitting	splitting	NOUN
iiclr-17574	959	16	arrangements	arrangement	NOUN
iiclr-17574	959	17	where	where	SCONJ
iiclr-17574	959	18	more	more	ADJ
iiclr-17574	959	19	than	than	ADP
iiclr-17574	959	20	one	one	NUM
iiclr-17574	960	1	[	[	NOUN
iiclr-17574	960	2	agent	agent	NOUN
iiclr-17574	960	3	]	]	X
iiclr-17574	960	4	may	may	AUX
iiclr-17574	960	5	be	be	AUX
iiclr-17574	960	6	involved.2	involved.2	NOUN
iiclr-17574	960	7	50	50	NUM
iiclr-17574	960	8	in	in	ADP
iiclr-17574	960	9	addition	addition	NOUN
iiclr-17574	960	10	to	to	ADP
iiclr-17574	960	11	the	the	DET
iiclr-17574	960	12	legal	legal	ADJ
iiclr-17574	960	13	barriers	barrier	NOUN
iiclr-17574	960	14	to	to	ADP
iiclr-17574	960	15	market	market	NOUN
iiclr-17574	960	16	entry	entry	NOUN
iiclr-17574	960	17	,	,	PUNCT
iiclr-17574	960	18	exclusionary	exclusionary	ADJ
iiclr-17574	960	19	structural	structural	ADJ
iiclr-17574	960	20	impediments	impediment	NOUN
iiclr-17574	960	21	confront	confront	VERB
iiclr-17574	960	22	u.s	u.s	PROPN
iiclr-17574	960	23	.	.	PROPN
iiclr-17574	960	24	money	money	NOUN
iiclr-17574	960	25	managers	manager	NOUN
iiclr-17574	960	26	who	who	PRON
iiclr-17574	960	27	seek	seek	VERB
iiclr-17574	960	28	to	to	PART
iiclr-17574	960	29	enter	enter	VERB
iiclr-17574	960	30	the	the	DET
iiclr-17574	960	31	japanese	japanese	ADJ
iiclr-17574	960	32	market	market	NOUN
iiclr-17574	960	33	.	.	PUNCT
iiclr-17574	961	1	historical	historical	ADJ
iiclr-17574	961	2	practices	practice	NOUN
iiclr-17574	961	3	and	and	CCONJ
iiclr-17574	961	4	institutional	institutional	ADJ
iiclr-17574	961	5	structure	structure	NOUN
iiclr-17574	961	6	have	have	AUX
iiclr-17574	961	7	resulted	result	VERB
iiclr-17574	961	8	in	in	ADP
iiclr-17574	961	9	a	a	DET
iiclr-17574	961	10	concentrated	concentrated	ADJ
iiclr-17574	961	11	,	,	PUNCT
iiclr-17574	961	12	japanese	japanese	ADJ
iiclr-17574	961	13	-	-	PUNCT
iiclr-17574	961	14	exclusive	exclusive	ADJ
iiclr-17574	961	15	financial	financial	ADJ
iiclr-17574	961	16	market	market	NOUN
iiclr-17574	961	17	,	,	PUNCT
iiclr-17574	961	18	according	accord	VERB
iiclr-17574	961	19	to	to	ADP
iiclr-17574	961	20	a	a	DET
iiclr-17574	961	21	1993	1993	NUM
iiclr-17574	961	22	report	report	NOUN
iiclr-17574	961	23	by	by	ADP
iiclr-17574	961	24	the	the	DET
iiclr-17574	961	25	u.s.-japan	u.s.-japan	PROPN
iiclr-17574	961	26	business	business	PROPN
iiclr-17574	961	27	council	council	PROPN
iiclr-17574	961	28	.	.	PUNCT
iiclr-17574	962	1	that	that	DET
iiclr-17574	962	2	report	report	NOUN
iiclr-17574	962	3	stated	state	VERB
iiclr-17574	962	4	:	:	PUNCT
iiclr-17574	962	5	for	for	ADP
iiclr-17574	962	6	example	example	NOUN
iiclr-17574	962	7	,	,	PUNCT
iiclr-17574	962	8	in	in	ADP
iiclr-17574	962	9	japan	japan	PROPN
iiclr-17574	962	10	there	there	PRON
iiclr-17574	962	11	is	be	VERB
iiclr-17574	962	12	no	no	DET
iiclr-17574	962	13	well	well	ADV
iiclr-17574	962	14	-	-	PUNCT
iiclr-17574	962	15	defined	define	VERB
iiclr-17574	962	16	concept	concept	NOUN
iiclr-17574	962	17	of	of	ADP
iiclr-17574	962	18	fiduciary	fiduciary	ADJ
iiclr-17574	962	19	responsibility	responsibility	NOUN
iiclr-17574	962	20	.	.	PUNCT
iiclr-17574	963	1	in	in	ADP
iiclr-17574	963	2	addition	addition	NOUN
iiclr-17574	963	3	,	,	PUNCT
iiclr-17574	963	4	there	there	PRON
iiclr-17574	963	5	are	be	VERB
iiclr-17574	963	6	no	no	DET
iiclr-17574	963	7	generally	generally	ADV
iiclr-17574	963	8	accepted	accept	VERB
iiclr-17574	963	9	standards	standard	NOUN
iiclr-17574	963	10	for	for	ADP
iiclr-17574	963	11	measurement	measurement	NOUN
iiclr-17574	963	12	of	of	ADP
iiclr-17574	963	13	performance	performance	NOUN
iiclr-17574	963	14	for	for	ADP
iiclr-17574	963	15	investment	investment	NOUN
iiclr-17574	963	16	managers	manager	NOUN
iiclr-17574	963	17	.	.	PUNCT
iiclr-17574	964	1	finally	finally	ADV
iiclr-17574	964	2	,	,	PUNCT
iiclr-17574	964	3	rigid	rigid	ADJ
iiclr-17574	964	4	asset	asset	NOUN
iiclr-17574	964	5	allocation	allocation	NOUN
iiclr-17574	964	6	guidelines	guideline	NOUN
iiclr-17574	964	7	make	make	VERB
iiclr-17574	964	8	it	it	PRON
iiclr-17574	964	9	difficult	difficult	ADJ
iiclr-17574	964	10	,	,	PUNCT
iiclr-17574	964	11	if	if	SCONJ
iiclr-17574	964	12	not	not	PART
iiclr-17574	964	13	impossible	impossible	ADJ
iiclr-17574	964	14	,	,	PUNCT
iiclr-17574	964	15	for	for	SCONJ
iiclr-17574	964	16	investment	investment	NOUN
iiclr-17574	964	17	managers	manager	NOUN
iiclr-17574	964	18	to	to	PART
iiclr-17574	964	19	construct	construct	VERB
iiclr-17574	964	20	efficient	efficient	ADJ
iiclr-17574	964	21	portfolios	portfolio	NOUN
iiclr-17574	964	22	.	.	PUNCT
iiclr-17574	965	1	consequently	consequently	ADV
iiclr-17574	965	2	,	,	PUNCT
iiclr-17574	965	3	fund	fund	NOUN
iiclr-17574	965	4	managers	manager	NOUN
iiclr-17574	965	5	are	be	AUX
iiclr-17574	965	6	restricted	restrict	VERB
iiclr-17574	965	7	in	in	ADP
iiclr-17574	965	8	competing	compete	VERB
iiclr-17574	965	9	on	on	ADP
iiclr-17574	965	10	the	the	DET
iiclr-17574	965	11	basis	basis	NOUN
iiclr-17574	965	12	of	of	ADP
iiclr-17574	965	13	performance	performance	NOUN
iiclr-17574	965	14	.	.	PUNCT
iiclr-17574	966	1	the	the	DET
iiclr-17574	966	2	effect	effect	NOUN
iiclr-17574	966	3	of	of	ADP
iiclr-17574	966	4	this	this	DET
iiclr-17574	966	5	system	system	NOUN
iiclr-17574	966	6	is	be	AUX
iiclr-17574	966	7	to	to	PART
iiclr-17574	966	8	restrict	restrict	VERB
iiclr-17574	966	9	competition	competition	NOUN
iiclr-17574	966	10	from	from	ADP
iiclr-17574	966	11	new	new	ADJ
iiclr-17574	966	12	entrants	entrant	NOUN
iiclr-17574	966	13	,	,	PUNCT
iiclr-17574	966	14	domestic	domestic	ADJ
iiclr-17574	966	15	or	or	CCONJ
iiclr-17574	966	16	foreign	foreign	ADJ
iiclr-17574	966	17	,	,	PUNCT
iiclr-17574	966	18	and	and	CCONJ
iiclr-17574	966	19	thus	thus	ADV
iiclr-17574	966	20	preserve	preserve	VERB
iiclr-17574	966	21	the	the	DET
iiclr-17574	966	22	lucrative	lucrative	ADJ
iiclr-17574	966	23	status	status	NOUN
iiclr-17574	966	24	quo	quo	NOUN
iiclr-17574	966	25	for	for	ADP
iiclr-17574	966	26	the	the	DET
iiclr-17574	966	27	small	small	ADJ
iiclr-17574	966	28	number	number	NOUN
iiclr-17574	966	29	of	of	ADP
iiclr-17574	966	30	dominant	dominant	ADJ
iiclr-17574	966	31	firms	firm	NOUN
iiclr-17574	966	32	.	.	PUNCT
iiclr-17574	967	1	while	while	SCONJ
iiclr-17574	967	2	the	the	DET
iiclr-17574	967	3	regulations	regulation	NOUN
iiclr-17574	967	4	and	and	CCONJ
iiclr-17574	967	5	business	business	NOUN
iiclr-17574	967	6	246	246	NUM
iiclr-17574	967	7	.	.	PUNCT
iiclr-17574	968	1	offshore	offshore	ADJ
iiclr-17574	968	2	mutual	mutual	ADJ
iiclr-17574	968	3	funds	fund	NOUN
iiclr-17574	968	4	,	,	PUNCT
iiclr-17574	968	5	supra	supra	PROPN
iiclr-17574	968	6	note	note	NOUN
iiclr-17574	968	7	181	181	NUM
iiclr-17574	968	8	,	,	PUNCT
iiclr-17574	968	9	at	at	ADP
iiclr-17574	968	10	i-5	i-5	NOUN
iiclr-17574	968	11	.	.	PUNCT
iiclr-17574	968	12	247	247	NUM
iiclr-17574	968	13	.	.	PUNCT
iiclr-17574	969	1	i	i	PRON
iiclr-17574	969	2	d	d	PROPN
iiclr-17574	969	3	248	248	NUM
iiclr-17574	969	4	.	.	PUNCT
iiclr-17574	970	1	standards	standard	NOUN
iiclr-17574	970	2	,	,	PUNCT
iiclr-17574	970	3	supra	supra	PROPN
iiclr-17574	970	4	note	note	NOUN
iiclr-17574	970	5	171	171	NUM
iiclr-17574	970	6	.	.	PUNCT
iiclr-17574	971	1	249	249	NUM
iiclr-17574	971	2	.	.	PUNCT
iiclr-17574	972	1	internal	internal	ADJ
iiclr-17574	972	2	memorandum	memorandum	PROPN
iiclr-17574	972	3	,	,	PUNCT
iiclr-17574	972	4	supra	supra	PROPN
iiclr-17574	972	5	note	note	NOUN
iiclr-17574	972	6	219	219	NUM
iiclr-17574	972	7	.	.	PUNCT
iiclr-17574	973	1	250	250	NUM
iiclr-17574	973	2	.	.	PUNCT
iiclr-17574	974	1	i	i	PRON
iiclr-17574	974	2	d	d	PROPN
iiclr-17574	975	1	[	[	X
iiclr-17574	975	2	vol	vol	NOUN
iiclr-17574	975	3	.	.	PUNCT
iiclr-17574	975	4	5:2	5:2	NUM
iiclr-17574	975	5	mutual	mutual	ADJ
iiclr-17574	975	6	fund	fund	NOUN
iiclr-17574	975	7	emergence	emergence	NOUN
iiclr-17574	975	8	practices	practice	NOUN
iiclr-17574	975	9	are	be	AUX
iiclr-17574	975	10	not	not	PART
iiclr-17574	975	11	targeted	target	VERB
iiclr-17574	975	12	specifically	specifically	ADV
iiclr-17574	975	13	at	at	ADP
iiclr-17574	975	14	foreign	foreign	ADJ
iiclr-17574	975	15	firms	firm	NOUN
iiclr-17574	975	16	,	,	PUNCT
iiclr-17574	975	17	they	they	PRON
iiclr-17574	975	18	have	have	VERB
iiclr-17574	975	19	the	the	DET
iiclr-17574	975	20	effect	effect	NOUN
iiclr-17574	975	21	of	of	ADP
iiclr-17574	975	22	limiting	limit	VERB
iiclr-17574	975	23	the	the	DET
iiclr-17574	975	24	participation	participation	NOUN
iiclr-17574	975	25	of	of	ADP
iiclr-17574	975	26	foreign	foreign	ADJ
iiclr-17574	975	27	firms	firm	NOUN
iiclr-17574	975	28	in	in	ADP
iiclr-17574	975	29	this	this	DET
iiclr-17574	975	30	market	market	NOUN
iiclr-17574	975	31	.	.	PUNCT
iiclr-17574	976	1	"m	"m	VERB
iiclr-17574	976	2	the	the	DET
iiclr-17574	976	3	u.s	u.s	PROPN
iiclr-17574	976	4	.	.	PROPN
iiclr-17574	976	5	treasury	treasury	PROPN
iiclr-17574	976	6	has	have	AUX
iiclr-17574	976	7	negotiated	negotiate	VERB
iiclr-17574	976	8	on	on	ADP
iiclr-17574	976	9	the	the	DET
iiclr-17574	976	10	topic	topic	NOUN
iiclr-17574	976	11	of	of	ADP
iiclr-17574	976	12	itmc	itmc	NOUN
iiclr-17574	976	13	's	's	PART
iiclr-17574	976	14	for	for	ADP
iiclr-17574	976	15	a	a	DET
iiclr-17574	976	16	number	number	NOUN
iiclr-17574	976	17	of	of	ADP
iiclr-17574	976	18	years	year	NOUN
iiclr-17574	976	19	,	,	PUNCT
iiclr-17574	976	20	and	and	CCONJ
iiclr-17574	976	21	recently	recently	ADV
iiclr-17574	976	22	reached	reach	VERB
iiclr-17574	976	23	an	an	DET
iiclr-17574	976	24	agreement	agreement	NOUN
iiclr-17574	976	25	with	with	ADP
iiclr-17574	976	26	japan	japan	PROPN
iiclr-17574	976	27	.	.	PUNCT
iiclr-17574	977	1	in	in	ADP
iiclr-17574	977	2	the	the	DET
iiclr-17574	977	3	course	course	NOUN
iiclr-17574	977	4	of	of	ADP
iiclr-17574	977	5	negotiations	negotiation	NOUN
iiclr-17574	977	6	,	,	PUNCT
iiclr-17574	977	7	the	the	DET
iiclr-17574	977	8	treasury	treasury	NOUN
iiclr-17574	977	9	proposed	propose	VERB
iiclr-17574	977	10	a	a	DET
iiclr-17574	977	11	number	number	NOUN
iiclr-17574	977	12	of	of	ADP
iiclr-17574	977	13	changes	change	NOUN
iiclr-17574	977	14	that	that	PRON
iiclr-17574	977	15	would	would	AUX
iiclr-17574	977	16	help	help	VERB
iiclr-17574	977	17	both	both	CCONJ
iiclr-17574	977	18	foreign	foreign	ADJ
iiclr-17574	977	19	and	and	CCONJ
iiclr-17574	977	20	domestic	domestic	ADJ
iiclr-17574	977	21	investment	investment	NOUN
iiclr-17574	977	22	trusts	trust	NOUN
iiclr-17574	977	23	operate	operate	VERB
iiclr-17574	977	24	more	more	ADV
iiclr-17574	977	25	competitively	competitively	ADV
iiclr-17574	977	26	in	in	ADP
iiclr-17574	977	27	japan	japan	PROPN
iiclr-17574	977	28	.	.	PUNCT
iiclr-17574	978	1	in	in	ADP
iiclr-17574	978	2	particular	particular	ADJ
iiclr-17574	978	3	,	,	PUNCT
iiclr-17574	978	4	the	the	DET
iiclr-17574	978	5	life	life	NOUN
iiclr-17574	978	6	of	of	ADP
iiclr-17574	978	7	funds	fund	NOUN
iiclr-17574	978	8	is	be	AUX
iiclr-17574	978	9	usually	usually	ADV
iiclr-17574	978	10	limited	limit	VERB
iiclr-17574	978	11	to	to	ADP
iiclr-17574	978	12	five	five	NUM
iiclr-17574	978	13	years	year	NOUN
iiclr-17574	978	14	with	with	ADP
iiclr-17574	978	15	an	an	DET
iiclr-17574	978	16	upper	upper	ADJ
iiclr-17574	978	17	limit	limit	NOUN
iiclr-17574	978	18	of	of	ADP
iiclr-17574	978	19	seven	seven	NUM
iiclr-17574	978	20	years	year	NOUN
iiclr-17574	978	21	.	.	PUNCT
iiclr-17574	979	1	the	the	DET
iiclr-17574	979	2	result	result	NOUN
iiclr-17574	979	3	is	be	AUX
iiclr-17574	979	4	investor	investor	NOUN
iiclr-17574	979	5	perception	perception	NOUN
iiclr-17574	979	6	that	that	SCONJ
iiclr-17574	979	7	the	the	DET
iiclr-17574	979	8	trust	trust	NOUN
iiclr-17574	979	9	is	be	AUX
iiclr-17574	979	10	a	a	DET
iiclr-17574	979	11	stable	stable	ADJ
iiclr-17574	979	12	,	,	PUNCT
iiclr-17574	979	13	"	"	PUNCT
iiclr-17574	979	14	savings	savings	NOUN
iiclr-17574	979	15	-	-	PUNCT
iiclr-17574	979	16	type	type	NOUN
iiclr-17574	979	17	"	"	PUNCT
iiclr-17574	979	18	product	product	NOUN
iiclr-17574	979	19	and	and	CCONJ
iiclr-17574	979	20	not	not	PART
iiclr-17574	979	21	an	an	DET
iiclr-17574	979	22	investment	investment	NOUN
iiclr-17574	979	23	with	with	ADP
iiclr-17574	979	24	a	a	DET
iiclr-17574	979	25	degree	degree	NOUN
iiclr-17574	979	26	of	of	ADP
iiclr-17574	979	27	risk	risk	NOUN
iiclr-17574	979	28	and	and	CCONJ
iiclr-17574	979	29	reward	reward	NOUN
iiclr-17574	979	30	.	.	PUNCT
iiclr-17574	980	1	eliminating	eliminate	VERB
iiclr-17574	980	2	the	the	DET
iiclr-17574	980	3	duration	duration	NOUN
iiclr-17574	980	4	period	period	NOUN
iiclr-17574	980	5	would	would	AUX
iiclr-17574	980	6	encourage	encourage	VERB
iiclr-17574	980	7	more	more	ADJ
iiclr-17574	980	8	investorsto	investorsto	ADJ
iiclr-17574	980	9	invest	invest	NOUN
iiclr-17574	980	10	.	.	PUNCT
iiclr-17574	981	1	a	a	DET
iiclr-17574	981	2	burdensome	burdensome	ADJ
iiclr-17574	981	3	cash	cash	NOUN
iiclr-17574	981	4	reserve	reserve	NOUN
iiclr-17574	981	5	rule	rule	NOUN
iiclr-17574	981	6	also	also	ADV
iiclr-17574	981	7	requires	require	VERB
iiclr-17574	981	8	sixty	sixty	ADJ
iiclr-17574	981	9	percent	percent	NOUN
iiclr-17574	981	10	of	of	ADP
iiclr-17574	981	11	any	any	DET
iiclr-17574	981	12	surplus	surplus	NOUN
iiclr-17574	981	13	above	above	ADP
iiclr-17574	981	14	initial	initial	ADJ
iiclr-17574	981	15	issue	issue	NOUN
iiclr-17574	981	16	price	price	NOUN
iiclr-17574	981	17	to	to	PART
iiclr-17574	981	18	be	be	AUX
iiclr-17574	981	19	set	set	VERB
iiclr-17574	981	20	aside	aside	ADV
iiclr-17574	981	21	at	at	ADP
iiclr-17574	981	22	each	each	DET
iiclr-17574	981	23	half	half	NOUN
iiclr-17574	981	24	and	and	CCONJ
iiclr-17574	981	25	full	full	ADJ
iiclr-17574	981	26	year	year	NOUN
iiclr-17574	981	27	.	.	PUNCT
iiclr-17574	982	1	eliminating	eliminate	VERB
iiclr-17574	982	2	this	this	DET
iiclr-17574	982	3	rule	rule	NOUN
iiclr-17574	982	4	would	would	AUX
iiclr-17574	982	5	increase	increase	VERB
iiclr-17574	982	6	investor	investor	NOUN
iiclr-17574	982	7	exposure	exposure	NOUN
iiclr-17574	982	8	to	to	ADP
iiclr-17574	982	9	the	the	DET
iiclr-17574	982	10	equity	equity	NOUN
iiclr-17574	982	11	market	market	NOUN
iiclr-17574	982	12	through	through	ADP
iiclr-17574	982	13	more	more	ADJ
iiclr-17574	982	14	equity	equity	NOUN
iiclr-17574	982	15	investments	investment	NOUN
iiclr-17574	982	16	by	by	ADP
iiclr-17574	982	17	the	the	DET
iiclr-17574	982	18	investment	investment	NOUN
iiclr-17574	982	19	trust	trust	NOUN
iiclr-17574	982	20	.	.	PUNCT
iiclr-17574	983	1	investment	investment	NOUN
iiclr-17574	983	2	trusts	trust	NOUN
iiclr-17574	983	3	also	also	ADV
iiclr-17574	983	4	should	should	AUX
iiclr-17574	983	5	be	be	AUX
iiclr-17574	983	6	placed	place	VERB
iiclr-17574	983	7	on	on	ADP
iiclr-17574	983	8	equal	equal	ADJ
iiclr-17574	983	9	footing	foot	VERB
iiclr-17574	983	10	with	with	ADP
iiclr-17574	983	11	direct	direct	ADJ
iiclr-17574	983	12	equity	equity	NOUN
iiclr-17574	983	13	investment	investment	NOUN
iiclr-17574	983	14	.	.	PUNCT
iiclr-17574	984	1	currently	currently	ADV
iiclr-17574	984	2	,	,	PUNCT
iiclr-17574	984	3	investment	investment	NOUN
iiclr-17574	984	4	trust	trust	NOUN
iiclr-17574	984	5	profits	profit	NOUN
iiclr-17574	984	6	are	be	AUX
iiclr-17574	984	7	taxed	tax	VERB
iiclr-17574	984	8	at	at	ADP
iiclr-17574	984	9	twenty	twenty	NUM
iiclr-17574	984	10	percent	percent	NOUN
iiclr-17574	984	11	when	when	SCONJ
iiclr-17574	984	12	investors	investor	NOUN
iiclr-17574	984	13	may	may	AUX
iiclr-17574	984	14	choose	choose	VERB
iiclr-17574	984	15	to	to	PART
iiclr-17574	984	16	pay	pay	VERB
iiclr-17574	984	17	a	a	DET
iiclr-17574	984	18	one	one	NUM
iiclr-17574	984	19	percent	percent	NOUN
iiclr-17574	984	20	tax	tax	NOUN
iiclr-17574	984	21	on	on	ADP
iiclr-17574	984	22	private	private	ADJ
iiclr-17574	984	23	investment	investment	NOUN
iiclr-17574	984	24	disposals	disposal	NOUN
iiclr-17574	984	25	instead	instead	ADV
iiclr-17574	984	26	.	.	PUNCT
iiclr-17574	985	1	s25	s25	PROPN
iiclr-17574	985	2	also	also	ADV
iiclr-17574	985	3	,	,	PUNCT
iiclr-17574	985	4	the	the	DET
iiclr-17574	985	5	investment	investment	NOUN
iiclr-17574	985	6	trust	trust	NOUN
iiclr-17574	985	7	management	management	NOUN
iiclr-17574	985	8	rules	rule	NOUN
iiclr-17574	985	9	are	be	AUX
iiclr-17574	985	10	absurdly	absurdly	ADV
iiclr-17574	985	11	complicated	complicated	ADJ
iiclr-17574	985	12	.	.	PUNCT
iiclr-17574	986	1	"	"	PUNCT
iiclr-17574	986	2	for	for	ADP
iiclr-17574	986	3	example	example	NOUN
iiclr-17574	986	4	,	,	PUNCT
iiclr-17574	986	5	the	the	DET
iiclr-17574	986	6	rules	rule	NOUN
iiclr-17574	986	7	allow	allow	VERB
iiclr-17574	986	8	for	for	ADP
iiclr-17574	986	9	up	up	ADP
iiclr-17574	986	10	to	to	PART
iiclr-17574	986	11	[	[	PUNCT
iiclr-17574	986	12	fifty	fifty	NUM
iiclr-17574	986	13	percent	percent	NOUN
iiclr-17574	986	14	investment	investment	NOUN
iiclr-17574	986	15	]	]	PUNCT
iiclr-17574	986	16	in	in	ADP
iiclr-17574	986	17	"	"	PUNCT
iiclr-17574	986	18	second	second	ADJ
iiclr-17574	986	19	section	section	NOUN
iiclr-17574	986	20	"	"	PUNCT
iiclr-17574	986	21	stocks	stock	NOUN
iiclr-17574	986	22	...	...	PUNCT
iiclr-17574	986	23	and	and	CCONJ
iiclr-17574	986	24	separately	separately	ADV
iiclr-17574	986	25	,	,	PUNCT
iiclr-17574	987	1	[	[	X
iiclr-17574	987	2	fifty	fifty	NUM
iiclr-17574	987	3	percent	percent	NOUN
iiclr-17574	987	4	]	]	PUNCT
iiclr-17574	987	5	in	in	ADP
iiclr-17574	987	6	over	over	ADP
iiclr-17574	987	7	-	-	PUNCT
iiclr-17574	987	8	the	the	DET
iiclr-17574	987	9	-	-	PUNCT
iiclr-17574	987	10	counter	counter	NOUN
iiclr-17574	987	11	...	...	PUNCT
iiclr-17574	987	12	stocks	stock	NOUN
iiclr-17574	987	13	.	.	PUNCT
iiclr-17574	988	1	the	the	DET
iiclr-17574	988	2	rules	rule	NOUN
iiclr-17574	988	3	do	do	AUX
iiclr-17574	988	4	not	not	PART
iiclr-17574	988	5	say	say	VERB
iiclr-17574	988	6	that	that	SCONJ
iiclr-17574	988	7	together	together	ADV
iiclr-17574	988	8	,	,	PUNCT
iiclr-17574	988	9	these	these	DET
iiclr-17574	988	10	two	two	NUM
iiclr-17574	988	11	categories	category	NOUN
iiclr-17574	988	12	may	may	AUX
iiclr-17574	988	13	not	not	PART
iiclr-17574	988	14	exceed	exceed	VERB
iiclr-17574	988	15	[	[	X
iiclr-17574	988	16	fifty	fifty	NUM
iiclr-17574	988	17	percent	percent	NOUN
iiclr-17574	988	18	]	]	PUNCT
iiclr-17574	988	19	.	.	PUNCT
iiclr-17574	989	1	but	but	CCONJ
iiclr-17574	989	2	this	this	PRON
iiclr-17574	989	3	is	be	AUX
iiclr-17574	989	4	the	the	DET
iiclr-17574	989	5	unwritten	unwritten	ADJ
iiclr-17574	989	6	guidance	guidance	NOUN
iiclr-17574	989	7	.	.	PUNCT
iiclr-17574	990	1	"2	"2	PROPN
iiclr-17574	990	2	3	3	NUM
iiclr-17574	990	3	on	on	ADP
iiclr-17574	990	4	january	january	PROPN
iiclr-17574	990	5	10	10	NUM
iiclr-17574	990	6	,	,	PUNCT
iiclr-17574	990	7	1995	1995	NUM
iiclr-17574	990	8	,	,	PUNCT
iiclr-17574	990	9	the	the	DET
iiclr-17574	990	10	governments	government	NOUN
iiclr-17574	990	11	of	of	ADP
iiclr-17574	990	12	the	the	DET
iiclr-17574	990	13	united	united	PROPN
iiclr-17574	990	14	states	states	PROPN
iiclr-17574	990	15	and	and	CCONJ
iiclr-17574	990	16	japan	japan	PROPN
iiclr-17574	990	17	adopted	adopt	VERB
iiclr-17574	990	18	measures	measure	NOUN
iiclr-17574	990	19	regarding	regard	VERB
iiclr-17574	990	20	financial	financial	ADJ
iiclr-17574	990	21	services	service	NOUN
iiclr-17574	990	22	under	under	ADP
iiclr-17574	990	23	the	the	DET
iiclr-17574	990	24	joint	joint	ADJ
iiclr-17574	990	25	statement	statement	NOUN
iiclr-17574	990	26	on	on	ADP
iiclr-17574	990	27	the	the	DET
iiclr-17574	990	28	japan	japan	PROPN
iiclr-17574	990	29	-	-	PUNCT
iiclr-17574	990	30	united	united	PROPN
iiclr-17574	990	31	states	states	PROPN
iiclr-17574	990	32	framework	framework	NOUN
iiclr-17574	990	33	for	for	ADP
iiclr-17574	990	34	a	a	DET
iiclr-17574	990	35	new	new	ADJ
iiclr-17574	990	36	economic	economic	ADJ
iiclr-17574	990	37	partnership	partnership	NOUN
iiclr-17574	990	38	.	.	PUNCT
iiclr-17574	991	1	the	the	DET
iiclr-17574	991	2	measures	measure	NOUN
iiclr-17574	991	3	established	establish	VERB
iiclr-17574	991	4	under	under	ADP
iiclr-17574	991	5	the	the	DET
iiclr-17574	991	6	agreement	agreement	NOUN
iiclr-17574	991	7	with	with	ADP
iiclr-17574	991	8	respect	respect	NOUN
iiclr-17574	991	9	to	to	ADP
iiclr-17574	991	10	investment	investment	NOUN
iiclr-17574	991	11	trusts	trust	NOUN
iiclr-17574	991	12	are	be	AUX
iiclr-17574	991	13	expected	expect	VERB
iiclr-17574	991	14	to	to	PART
iiclr-17574	991	15	increase	increase	VERB
iiclr-17574	991	16	sales	sale	NOUN
iiclr-17574	991	17	and	and	CCONJ
iiclr-17574	991	18	access	access	NOUN
iiclr-17574	991	19	of	of	ADP
iiclr-17574	991	20	competitive	competitive	ADJ
iiclr-17574	991	21	foreign	foreign	ADJ
iiclr-17574	991	22	financial	financial	ADJ
iiclr-17574	991	23	goods	good	NOUN
iiclr-17574	991	24	and	and	CCONJ
iiclr-17574	991	25	services	service	NOUN
iiclr-17574	991	26	.	.	PUNCT
iiclr-17574	992	1	this	this	DET
iiclr-17574	992	2	goal	goal	NOUN
iiclr-17574	992	3	will	will	AUX
iiclr-17574	992	4	be	be	AUX
iiclr-17574	992	5	achieved	achieve	VERB
iiclr-17574	992	6	through	through	ADP
iiclr-17574	992	7	less	less	ADV
iiclr-17574	992	8	burdensome	burdensome	ADJ
iiclr-17574	992	9	licensing	licensing	NOUN
iiclr-17574	992	10	requirements	requirement	NOUN
iiclr-17574	992	11	,	,	PUNCT
iiclr-17574	992	12	expansion	expansion	NOUN
iiclr-17574	992	13	of	of	ADP
iiclr-17574	992	14	distribution	distribution	NOUN
iiclr-17574	992	15	channels	channel	NOUN
iiclr-17574	992	16	for	for	ADP
iiclr-17574	992	17	investment	investment	NOUN
iiclr-17574	992	18	trust	trust	NOUN
iiclr-17574	992	19	products	product	NOUN
iiclr-17574	992	20	,	,	PUNCT
iiclr-17574	992	21	and	and	CCONJ
iiclr-17574	992	22	a	a	DET
iiclr-17574	992	23	host	host	NOUN
iiclr-17574	992	24	of	of	ADP
iiclr-17574	992	25	newly	newly	ADV
iiclr-17574	992	26	permitted	permit	VERB
iiclr-17574	992	27	investments	investment	NOUN
iiclr-17574	992	28	.	.	PUNCT
iiclr-17574	993	1	further	far	ADV
iiclr-17574	993	2	,	,	PUNCT
iiclr-17574	993	3	the	the	DET
iiclr-17574	993	4	japanese	japanese	NOUN
iiclr-17574	993	5	have	have	AUX
iiclr-17574	993	6	agreed	agree	VERB
iiclr-17574	993	7	to	to	PART
iiclr-17574	993	8	enhancethe	enhancethe	VERB
iiclr-17574	993	9	disclosure	disclosure	NOUN
iiclr-17574	993	10	of	of	ADP
iiclr-17574	993	11	investmenttrust	investmenttrust	ADJ
iiclr-17574	993	12	management	management	NOUN
iiclr-17574	993	13	performance	performance	NOUN
iiclr-17574	993	14	data	datum	NOUN
iiclr-17574	993	15	.	.	PUNCT
iiclr-17574	993	16	"	"	PUNCT
iiclr-17574	994	1	4	4	NUM
iiclr-17574	994	2	this	this	DET
iiclr-17574	994	3	decision	decision	NOUN
iiclr-17574	994	4	should	should	AUX
iiclr-17574	994	5	intensify	intensify	VERB
iiclr-17574	994	6	,	,	PUNCT
iiclr-17574	994	7	at	at	ADP
iiclr-17574	994	8	a	a	DET
iiclr-17574	994	9	minimum	minimum	NOUN
iiclr-17574	994	10	,	,	PUNCT
iiclr-17574	994	11	the	the	DET
iiclr-17574	994	12	competition	competition	NOUN
iiclr-17574	994	13	between	between	ADP
iiclr-17574	994	14	japanese	japanese	ADJ
iiclr-17574	994	15	investment	investment	NOUN
iiclr-17574	994	16	trusts	trust	NOUN
iiclr-17574	994	17	and	and	CCONJ
iiclr-17574	994	18	ultimately	ultimately	ADV
iiclr-17574	994	19	lead	lead	VERB
iiclr-17574	994	20	to	to	ADP
iiclr-17574	994	21	better	well	ADJ
iiclr-17574	994	22	returns	return	NOUN
iiclr-17574	994	23	.	.	PUNCT
iiclr-17574	995	1	in	in	ADP
iiclr-17574	995	2	the	the	DET
iiclr-17574	995	3	final	final	ADJ
iiclr-17574	995	4	analysis	analysis	NOUN
iiclr-17574	995	5	,	,	PUNCT
iiclr-17574	995	6	251	251	NUM
iiclr-17574	995	7	.	.	PUNCT
iiclr-17574	995	8	u.s.-japan	u.s.-japan	PROPN
iiclr-17574	995	9	business	business	PROPN
iiclr-17574	995	10	council	council	PROPN
iiclr-17574	995	11	,	,	PUNCT
iiclr-17574	995	12	supra	supra	PROPN
iiclr-17574	995	13	note	note	PROPN
iiclr-17574	995	14	132	132	NUM
iiclr-17574	995	15	.	.	NUM
iiclr-17574	995	16	252	252	NUM
iiclr-17574	995	17	.	.	PUNCT
iiclr-17574	996	1	internal	internal	ADJ
iiclr-17574	996	2	memorandum	memorandum	PROPN
iiclr-17574	996	3	,	,	PUNCT
iiclr-17574	996	4	supra	supra	PROPN
iiclr-17574	996	5	note	note	NOUN
iiclr-17574	996	6	219	219	NUM
iiclr-17574	996	7	.	.	PUNCT
iiclr-17574	996	8	253	253	NUM
iiclr-17574	996	9	.	.	PUNCT
iiclr-17574	997	1	i	i	PRON
iiclr-17574	997	2	d.	d.	PROPN
iiclr-17574	997	3	254	254	NUM
iiclr-17574	997	4	.	.	PUNCT
iiclr-17574	998	1	investment	investment	NOUN
iiclr-17574	998	2	trust	trust	NOUN
iiclr-17574	998	3	management	management	NOUN
iiclr-17574	998	4	companies	company	NOUN
iiclr-17574	998	5	must	must	AUX
iiclr-17574	998	6	now	now	ADV
iiclr-17574	998	7	enhance	enhance	VERB
iiclr-17574	998	8	disclosure	disclosure	NOUN
iiclr-17574	998	9	of	of	ADP
iiclr-17574	998	10	investment	investment	NOUN
iiclr-17574	998	11	trust	trust	NOUN
iiclr-17574	998	12	products	product	NOUN
iiclr-17574	998	13	by	by	ADP
iiclr-17574	998	14	amplifying	amplify	VERB
iiclr-17574	998	15	the	the	DET
iiclr-17574	998	16	contents	content	NOUN
iiclr-17574	998	17	of	of	ADP
iiclr-17574	998	18	prospectuses	prospectus	NOUN
iiclr-17574	998	19	and	and	CCONJ
iiclr-17574	998	20	regular	regular	ADJ
iiclr-17574	998	21	reports	report	NOUN
iiclr-17574	998	22	on	on	ADP
iiclr-17574	998	23	an	an	DET
iiclr-17574	998	24	annual	annual	ADJ
iiclr-17574	998	25	basis	basis	NOUN
iiclr-17574	998	26	in	in	ADP
iiclr-17574	998	27	order	order	NOUN
iiclr-17574	998	28	that	that	SCONJ
iiclr-17574	998	29	investors	investor	NOUN
iiclr-17574	998	30	may	may	AUX
iiclr-17574	998	31	make	make	VERB
iiclr-17574	998	32	investment	investment	NOUN
iiclr-17574	998	33	decisions	decision	NOUN
iiclr-17574	998	34	based	base	VERB
iiclr-17574	998	35	on	on	ADP
iiclr-17574	998	36	more	more	ADV
iiclr-17574	998	37	detailed	detailed	ADJ
iiclr-17574	998	38	information	information	NOUN
iiclr-17574	998	39	such	such	ADJ
iiclr-17574	998	40	as	as	ADP
iiclr-17574	998	41	investment	investment	NOUN
iiclr-17574	998	42	policy	policy	NOUN
iiclr-17574	998	43	,	,	PUNCT
iiclr-17574	998	44	dividend	dividend	NOUN
iiclr-17574	998	45	distribution	distribution	NOUN
iiclr-17574	998	46	policy	policy	NOUN
iiclr-17574	998	47	,	,	PUNCT
iiclr-17574	998	48	and	and	CCONJ
iiclr-17574	998	49	risk	risk	NOUN
iiclr-17574	998	50	.	.	PUNCT
iiclr-17574	999	1	joint	joint	ADJ
iiclr-17574	999	2	statement	statement	NOUN
iiclr-17574	999	3	,	,	PUNCT
iiclr-17574	999	4	supra	supra	PROPN
iiclr-17574	999	5	note	note	PROPN
iiclr-17574	999	6	162	162	NUM
iiclr-17574	999	7	,	,	PUNCT
iiclr-17574	999	8	at	at	ADP
iiclr-17574	999	9	13	13	NUM
iiclr-17574	999	10	.	.	PUNCT
iiclr-17574	999	11	1995	1995	NUM
iiclr-17574	999	12	]	]	X
iiclr-17574	999	13	ind	ind	NOUN
iiclr-17574	999	14	.	.	PUNCT
iiclr-17574	1000	1	int'l	int'l	PROPN
iiclr-17574	1000	2	&	&	CCONJ
iiclr-17574	1000	3	comp	comp	PROPN
iiclr-17574	1000	4	.	.	PUNCT
iiclr-17574	1001	1	l.	l.	PROPN
iiclr-17574	1001	2	rev	rev	PROPN
iiclr-17574	1001	3	.	.	PROPN
iiclr-17574	1001	4	effectiveness	effectiveness	NOUN
iiclr-17574	1001	5	of	of	ADP
iiclr-17574	1001	6	these	these	DET
iiclr-17574	1001	7	measures	measure	NOUN
iiclr-17574	1001	8	should	should	AUX
iiclr-17574	1001	9	be	be	AUX
iiclr-17574	1001	10	easy	easy	ADJ
iiclr-17574	1001	11	to	to	PART
iiclr-17574	1001	12	gauge	gauge	VERB
iiclr-17574	1001	13	by	by	ADP
iiclr-17574	1001	14	examining	examine	VERB
iiclr-17574	1001	15	whether	whether	SCONJ
iiclr-17574	1001	16	there	there	PRON
iiclr-17574	1001	17	is	be	VERB
iiclr-17574	1001	18	an	an	DET
iiclr-17574	1001	19	increase	increase	NOUN
iiclr-17574	1001	20	of	of	ADP
iiclr-17574	1001	21	foreign	foreign	ADJ
iiclr-17574	1001	22	itmc	itmc	VERB
iiclr-17574	1001	23	presence	presence	NOUN
iiclr-17574	1001	24	as	as	SCONJ
iiclr-17574	1001	25	compared	compare	VERB
iiclr-17574	1001	26	to	to	ADP
iiclr-17574	1001	27	pre-1995	pre-1995	NOUN
iiclr-17574	1001	28	.	.	PUNCT
iiclr-17574	1002	1	f.	f.	PROPN
iiclr-17574	1002	2	japanese	japanese	PROPN
iiclr-17574	1002	3	bank	bank	PROPN
iiclr-17574	1002	4	entry	entry	NOUN
iiclr-17574	1002	5	into	into	ADP
iiclr-17574	1002	6	the	the	DET
iiclr-17574	1002	7	investment	investment	NOUN
iiclr-17574	1002	8	trust	trust	NOUN
iiclr-17574	1002	9	management	management	NOUN
iiclr-17574	1002	10	business	business	NOUN
iiclr-17574	1002	11	on	on	ADP
iiclr-17574	1002	12	april	april	PROPN
iiclr-17574	1002	13	15	15	NUM
iiclr-17574	1002	14	,	,	PUNCT
iiclr-17574	1002	15	1992	1992	NUM
iiclr-17574	1002	16	,	,	PUNCT
iiclr-17574	1002	17	the	the	DET
iiclr-17574	1002	18	mof	mof	NOUN
iiclr-17574	1002	19	formally	formally	ADV
iiclr-17574	1002	20	"	"	PUNCT
iiclr-17574	1002	21	announced	announce	VERB
iiclr-17574	1002	22	that	that	SCONJ
iiclr-17574	1002	23	it	it	PRON
iiclr-17574	1002	24	would	would	AUX
iiclr-17574	1002	25	relax	relax	VERB
iiclr-17574	1002	26	licensing	licensing	NOUN
iiclr-17574	1002	27	and	and	CCONJ
iiclr-17574	1002	28	operational	operational	ADJ
iiclr-17574	1002	29	requirements	requirement	NOUN
iiclr-17574	1002	30	for	for	ADP
iiclr-17574	1002	31	investment	investment	NOUN
iiclr-17574	1002	32	trust	trust	NOUN
iiclr-17574	1002	33	management	management	NOUN
iiclr-17574	1002	34	companies	company	NOUN
iiclr-17574	1002	35	.	.	PUNCT
iiclr-17574	1003	1	",2	",2	ADJ
iiclr-17574	1003	2	5	5	NUM
iiclr-17574	1004	1	the	the	DET
iiclr-17574	1004	2	mof	mof	NOUN
iiclr-17574	1004	3	is	be	AUX
iiclr-17574	1004	4	now	now	ADV
iiclr-17574	1004	5	injecting	inject	VERB
iiclr-17574	1004	6	competition	competition	NOUN
iiclr-17574	1004	7	into	into	ADP
iiclr-17574	1004	8	the	the	DET
iiclr-17574	1004	9	investment	investment	NOUN
iiclr-17574	1004	10	trust	trust	NOUN
iiclr-17574	1004	11	business	business	NOUN
iiclr-17574	1004	12	and	and	CCONJ
iiclr-17574	1004	13	has	have	AUX
iiclr-17574	1004	14	allowed	allow	VERB
iiclr-17574	1004	15	five	five	NUM
iiclr-17574	1004	16	banks	bank	NOUN
iiclr-17574	1004	17	to	to	PART
iiclr-17574	1004	18	manage	manage	VERB
iiclr-17574	1004	19	funds.256	funds.256	PROPN
iiclr-17574	1004	20	prior	prior	ADV
iiclr-17574	1004	21	to	to	ADP
iiclr-17574	1004	22	their	their	PRON
iiclr-17574	1004	23	entry	entry	NOUN
iiclr-17574	1004	24	in	in	ADP
iiclr-17574	1004	25	october	october	PROPN
iiclr-17574	1004	26	1993	1993	NUM
iiclr-17574	1004	27	,	,	PUNCT
iiclr-17574	1004	28	all	all	DET
iiclr-17574	1004	29	japanese	japanese	PROPN
iiclr-17574	1004	30	itmcs	itmcs	ADV
iiclr-17574	1004	31	were	be	AUX
iiclr-17574	1004	32	affiliated	affiliate	VERB
iiclr-17574	1004	33	with	with	ADP
iiclr-17574	1004	34	a	a	DET
iiclr-17574	1004	35	securities	security	NOUN
iiclr-17574	1004	36	company	company	NOUN
iiclr-17574	1004	37	and	and	CCONJ
iiclr-17574	1004	38	,	,	PUNCT
iiclr-17574	1004	39	in	in	ADP
iiclr-17574	1004	40	some	some	DET
iiclr-17574	1004	41	cases	case	NOUN
iiclr-17574	1004	42	,	,	PUNCT
iiclr-17574	1004	43	a	a	DET
iiclr-17574	1004	44	major	major	ADJ
iiclr-17574	1004	45	banking	banking	NOUN
iiclr-17574	1004	46	group	group	NOUN
iiclr-17574	1004	47	through	through	ADP
iiclr-17574	1004	48	minority	minority	NOUN
iiclr-17574	1004	49	shareholding	shareholding	NOUN
iiclr-17574	1004	50	.	.	PUNCT
iiclr-17574	1005	1	the	the	DET
iiclr-17574	1005	2	recently	recently	ADV
iiclr-17574	1005	3	established	establish	VERB
iiclr-17574	1005	4	bank	bank	NOUN
iiclr-17574	1005	5	-	-	PUNCT
iiclr-17574	1005	6	affiliated	affiliate	VERB
iiclr-17574	1005	7	itmcs	itmcs	ADJ
iiclr-17574	1005	8	have	have	AUX
iiclr-17574	1005	9	been	be	AUX
iiclr-17574	1005	10	created	create	VERB
iiclr-17574	1005	11	as	as	ADP
iiclr-17574	1005	12	subsidiaries	subsidiary	NOUN
iiclr-17574	1005	13	of	of	ADP
iiclr-17574	1005	14	the	the	DET
iiclr-17574	1005	15	investment	investment	NOUN
iiclr-17574	1005	16	advisory	advisory	ADJ
iiclr-17574	1005	17	subsidiaries	subsidiary	NOUN
iiclr-17574	1005	18	of	of	ADP
iiclr-17574	1005	19	the	the	DET
iiclr-17574	1005	20	bank	bank	NOUN
iiclr-17574	1005	21	's	's	PART
iiclr-17574	1005	22	group	group	NOUN
iiclr-17574	1005	23	.	.	PUNCT
iiclr-17574	1006	1	these	these	DET
iiclr-17574	1006	2	itmcs	itmcs	ADV
iiclr-17574	1006	3	carry	carry	VERB
iiclr-17574	1006	4	the	the	DET
iiclr-17574	1006	5	name	name	NOUN
iiclr-17574	1006	6	of	of	ADP
iiclr-17574	1006	7	their	their	PRON
iiclr-17574	1006	8	parent	parent	NOUN
iiclr-17574	1006	9	company	company	NOUN
iiclr-17574	1006	10	and	and	CCONJ
iiclr-17574	1006	11	are	be	AUX
iiclr-17574	1006	12	considered	consider	VERB
iiclr-17574	1006	13	direct	direct	ADJ
iiclr-17574	1006	14	representatives	representative	NOUN
iiclr-17574	1006	15	of	of	ADP
iiclr-17574	1006	16	their	their	PRON
iiclr-17574	1006	17	group.257	group.257	NOUN
iiclr-17574	1006	18	banks	bank	NOUN
iiclr-17574	1006	19	are	be	AUX
iiclr-17574	1006	20	still	still	ADV
iiclr-17574	1006	21	prohibited	prohibit	VERB
iiclr-17574	1006	22	from	from	ADP
iiclr-17574	1006	23	acting	act	VERB
iiclr-17574	1006	24	as	as	ADP
iiclr-17574	1006	25	distributors	distributor	NOUN
iiclr-17574	1006	26	of	of	ADP
iiclr-17574	1006	27	investment	investment	NOUN
iiclr-17574	1006	28	trusts	trust	NOUN
iiclr-17574	1006	29	.	.	PUNCT
iiclr-17574	1007	1	due	due	ADP
iiclr-17574	1007	2	to	to	ADP
iiclr-17574	1007	3	the	the	DET
iiclr-17574	1007	4	opposition	opposition	NOUN
iiclr-17574	1007	5	of	of	ADP
iiclr-17574	1007	6	securities	security	NOUN
iiclr-17574	1007	7	companies	company	NOUN
iiclr-17574	1007	8	to	to	ADP
iiclr-17574	1007	9	banks	bank	NOUN
iiclr-17574	1007	10	selling	sell	VERB
iiclr-17574	1007	11	investmenttrusts	investmenttrust	NOUN
iiclr-17574	1007	12	,	,	PUNCT
iiclr-17574	1007	13	japaneseinvestment	japaneseinvestment	NOUN
iiclr-17574	1007	14	trust	trust	NOUN
iiclr-17574	1007	15	expert	expert	PROPN
iiclr-17574	1007	16	george	george	PROPN
iiclr-17574	1007	17	curuby	curuby	PROPN
iiclr-17574	1007	18	estimates	estimate	VERB
iiclr-17574	1007	19	"	"	PUNCT
iiclr-17574	1007	20	this	this	DET
iiclr-17574	1007	21	restriction	restriction	NOUN
iiclr-17574	1007	22	is	be	AUX
iiclr-17574	1007	23	likely	likely	ADJ
iiclr-17574	1007	24	to	to	PART
iiclr-17574	1007	25	continue	continue	VERB
iiclr-17574	1007	26	for	for	ADP
iiclr-17574	1007	27	at	at	ADV
iiclr-17574	1007	28	least	least	ADJ
iiclr-17574	1007	29	the	the	DET
iiclr-17574	1007	30	next	next	ADJ
iiclr-17574	1007	31	three	three	NUM
iiclr-17574	1007	32	years	year	NOUN
iiclr-17574	1007	33	.	.	PUNCT
iiclr-17574	1007	34	,	,	PUNCT
iiclr-17574	1007	35	258	258	NUM
iiclr-17574	1007	36	many	many	ADJ
iiclr-17574	1007	37	major	major	ADJ
iiclr-17574	1007	38	investment	investment	NOUN
iiclr-17574	1007	39	trust	trust	NOUN
iiclr-17574	1007	40	management	management	NOUN
iiclr-17574	1007	41	companies	company	NOUN
iiclr-17574	1007	42	are	be	AUX
iiclr-17574	1007	43	hopeful	hopeful	ADJ
iiclr-17574	1007	44	that	that	SCONJ
iiclr-17574	1007	45	banks	bank	NOUN
iiclr-17574	1007	46	eventually	eventually	ADV
iiclr-17574	1007	47	will	will	AUX
iiclr-17574	1007	48	be	be	AUX
iiclr-17574	1007	49	allowed	allow	VERB
iiclr-17574	1007	50	to	to	PART
iiclr-17574	1007	51	distribute	distribute	VERB
iiclr-17574	1007	52	mutual	mutual	ADJ
iiclr-17574	1007	53	funds	fund	NOUN
iiclr-17574	1007	54	in	in	ADP
iiclr-17574	1007	55	japan	japan	PROPN
iiclr-17574	1007	56	because	because	SCONJ
iiclr-17574	1007	57	they	they	PRON
iiclr-17574	1007	58	expect	expect	VERB
iiclr-17574	1007	59	this	this	PRON
iiclr-17574	1007	60	to	to	PART
iiclr-17574	1007	61	broaden	broaden	VERB
iiclr-17574	1007	62	the	the	DET
iiclr-17574	1007	63	mutual	mutual	ADJ
iiclr-17574	1007	64	fund	fund	NOUN
iiclr-17574	1007	65	ownership	ownership	NOUN
iiclr-17574	1007	66	by	by	ADP
iiclr-17574	1007	67	japanese	japanese	ADJ
iiclr-17574	1007	68	households	household	NOUN
iiclr-17574	1007	69	.	.	PUNCT
iiclr-17574	1008	1	in	in	ADP
iiclr-17574	1008	2	the	the	DET
iiclr-17574	1008	3	united	united	PROPN
iiclr-17574	1008	4	states	states	PROPN
iiclr-17574	1008	5	,	,	PUNCT
iiclr-17574	1008	6	about	about	ADV
iiclr-17574	1008	7	twenty	twenty	NUM
iiclr-17574	1008	8	-	-	PUNCT
iiclr-17574	1008	9	five	five	NUM
iiclr-17574	1008	10	percent	percent	NOUN
iiclr-17574	1008	11	of	of	ADP
iiclr-17574	1008	12	the	the	DET
iiclr-17574	1008	13	population	population	NOUN
iiclr-17574	1008	14	owns	own	VERB
iiclr-17574	1008	15	mutual	mutual	ADJ
iiclr-17574	1008	16	funds	fund	NOUN
iiclr-17574	1008	17	,	,	PUNCT
iiclr-17574	1008	18	which	which	PRON
iiclr-17574	1008	19	account	account	VERB
iiclr-17574	1008	20	for	for	ADP
iiclr-17574	1008	21	about	about	ADV
iiclr-17574	1008	22	ten	ten	NUM
iiclr-17574	1008	23	percent	percent	NOUN
iiclr-17574	1008	24	of	of	ADP
iiclr-17574	1008	25	household	household	NOUN
iiclr-17574	1008	26	assets	asset	NOUN
iiclr-17574	1008	27	.	.	PUNCT
iiclr-17574	1009	1	in	in	ADP
iiclr-17574	1009	2	japan	japan	PROPN
iiclr-17574	1009	3	,	,	PUNCT
iiclr-17574	1009	4	only	only	ADV
iiclr-17574	1009	5	ten	ten	NUM
iiclr-17574	1009	6	percent	percent	NOUN
iiclr-17574	1009	7	of	of	ADP
iiclr-17574	1009	8	households	household	NOUN
iiclr-17574	1009	9	own	own	ADJ
iiclr-17574	1009	10	funds	fund	NOUN
iiclr-17574	1009	11	which	which	PRON
iiclr-17574	1009	12	account	account	VERB
iiclr-17574	1009	13	for	for	ADP
iiclr-17574	1009	14	about	about	ADV
iiclr-17574	1009	15	four	four	NUM
iiclr-17574	1009	16	percent	percent	NOUN
iiclr-17574	1009	17	of	of	ADP
iiclr-17574	1009	18	household	household	NOUN
iiclr-17574	1009	19	assets	asset	NOUN
iiclr-17574	1009	20	.	.	PUNCT
iiclr-17574	1010	1	"	"	PUNCT
iiclr-17574	1010	2	banks	bank	NOUN
iiclr-17574	1010	3	becoming	become	VERB
iiclr-17574	1010	4	distributors	distributor	NOUN
iiclr-17574	1010	5	will	will	AUX
iiclr-17574	1010	6	be	be	AUX
iiclr-17574	1010	7	a	a	DET
iiclr-17574	1010	8	positive	positive	ADJ
iiclr-17574	1010	9	factor	factor	NOUN
iiclr-17574	1010	10	for	for	ADP
iiclr-17574	1010	11	the	the	DET
iiclr-17574	1010	12	industry	industry	NOUN
iiclr-17574	1010	13	.	.	PUNCT
iiclr-17574	1011	1	"'25	"'25	ADV
iiclr-17574	1011	2	9	9	NUM
iiclr-17574	1011	3	despite	despite	SCONJ
iiclr-17574	1011	4	years	year	NOUN
iiclr-17574	1011	5	of	of	ADP
iiclr-17574	1011	6	pushing	push	VERB
iiclr-17574	1011	7	the	the	DET
iiclr-17574	1011	8	mof	mof	NOUN
iiclr-17574	1011	9	for	for	ADP
iiclr-17574	1011	10	deregulation	deregulation	NOUN
iiclr-17574	1011	11	,	,	PUNCT
iiclr-17574	1011	12	some	some	DET
iiclr-17574	1011	13	banks	bank	NOUN
iiclr-17574	1011	14	are	be	AUX
iiclr-17574	1011	15	concerned	concerned	ADJ
iiclr-17574	1011	16	that	that	SCONJ
iiclr-17574	1011	17	the	the	DET
iiclr-17574	1011	18	investment	investment	NOUN
iiclr-17574	1011	19	trust	trust	NOUN
iiclr-17574	1011	20	management	management	NOUN
iiclr-17574	1011	21	business	business	NOUN
iiclr-17574	1011	22	will	will	AUX
iiclr-17574	1011	23	not	not	PART
iiclr-17574	1011	24	be	be	AUX
iiclr-17574	1011	25	initially	initially	ADV
iiclr-17574	1011	26	profitable	profitable	ADJ
iiclr-17574	1011	27	.	.	PUNCT
iiclr-17574	1012	1	furthermore	furthermore	ADV
iiclr-17574	1012	2	,	,	PUNCT
iiclr-17574	1012	3	some	some	DET
iiclr-17574	1012	4	japanese	japanese	ADJ
iiclr-17574	1012	5	bank	bank	NOUN
iiclr-17574	1012	6	institutions	institution	NOUN
iiclr-17574	1012	7	were	be	AUX
iiclr-17574	1012	8	unhappy	unhappy	ADJ
iiclr-17574	1012	9	with	with	ADP
iiclr-17574	1012	10	ministry	ministry	NOUN
iiclr-17574	1012	11	restrictions	restriction	NOUN
iiclr-17574	1012	12	on	on	ADP
iiclr-17574	1012	13	the	the	DET
iiclr-17574	1012	14	sale	sale	NOUN
iiclr-17574	1012	15	of	of	ADP
iiclr-17574	1012	16	investment	investment	NOUN
iiclr-17574	1012	17	trusts	trust	NOUN
iiclr-17574	1012	18	through	through	ADP
iiclr-17574	1012	19	their	their	PRON
iiclr-17574	1012	20	own	own	ADJ
iiclr-17574	1012	21	large	large	ADJ
iiclr-17574	1012	22	bank	bank	NOUN
iiclr-17574	1012	23	networks	network	NOUN
iiclr-17574	1012	24	.	.	PUNCT
iiclr-17574	1013	1	as	as	SCONJ
iiclr-17574	1013	2	it	it	PRON
iiclr-17574	1013	3	stands	stand	VERB
iiclr-17574	1013	4	now	now	ADV
iiclr-17574	1013	5	,	,	PUNCT
iiclr-17574	1013	6	non	non	ADJ
iiclr-17574	1013	7	-	-	ADJ
iiclr-17574	1013	8	securities	securities	ADJ
iiclr-17574	1013	9	firms	firm	NOUN
iiclr-17574	1013	10	which	which	PRON
iiclr-17574	1013	11	enter	enter	VERB
iiclr-17574	1013	12	the	the	DET
iiclr-17574	1013	13	market	market	NOUN
iiclr-17574	1013	14	must	must	AUX
iiclr-17574	1013	15	manage	manage	VERB
iiclr-17574	1013	16	the	the	DET
iiclr-17574	1013	17	funds	fund	NOUN
iiclr-17574	1013	18	in	in	ADP
iiclr-17574	1013	19	a	a	DET
iiclr-17574	1013	20	separate	separate	ADJ
iiclr-17574	1013	21	affiliate	affiliate	NOUN
iiclr-17574	1013	22	and	and	CCONJ
iiclr-17574	1013	23	enlist	enlist	VERB
iiclr-17574	1013	24	the	the	DET
iiclr-17574	1013	25	help	help	NOUN
iiclr-17574	1013	26	of	of	ADP
iiclr-17574	1013	27	japanese	japanese	ADJ
iiclr-17574	1013	28	securities	security	NOUN
iiclr-17574	1013	29	houses	house	NOUN
iiclr-17574	1013	30	,	,	PUNCT
iiclr-17574	1013	31	which	which	PRON
iiclr-17574	1013	32	hold	hold	VERB
iiclr-17574	1013	33	exclusive	exclusive	ADJ
iiclr-17574	1013	34	rights	right	NOUN
iiclr-17574	1013	35	on	on	ADP
iiclr-17574	1013	36	the	the	DET
iiclr-17574	1013	37	direct	direct	ADJ
iiclr-17574	1013	38	sale	sale	NOUN
iiclr-17574	1013	39	of	of	ADP
iiclr-17574	1013	40	investment	investment	NOUN
iiclr-17574	1013	41	255	255	NUM
iiclr-17574	1013	42	.	.	PUNCT
iiclr-17574	1014	1	release	release	NOUN
iiclr-17574	1014	2	,	,	PUNCT
iiclr-17574	1014	3	supra	supra	PROPN
iiclr-17574	1014	4	note	note	NOUN
iiclr-17574	1014	5	237	237	NUM
iiclr-17574	1014	6	.	.	PUNCT
iiclr-17574	1015	1	256	256	NUM
iiclr-17574	1015	2	.	.	PUNCT
iiclr-17574	1016	1	i	i	PRON
iiclr-17574	1016	2	d.	d.	PROPN
iiclr-17574	1016	3	the	the	DET
iiclr-17574	1016	4	banks	bank	NOUN
iiclr-17574	1016	5	are	be	AUX
iiclr-17574	1016	6	not	not	PART
iiclr-17574	1016	7	allowed	allow	VERB
iiclr-17574	1016	8	to	to	PART
iiclr-17574	1016	9	sell	sell	VERB
iiclr-17574	1016	10	the	the	DET
iiclr-17574	1016	11	funds	fund	NOUN
iiclr-17574	1016	12	through	through	ADP
iiclr-17574	1016	13	their	their	PRON
iiclr-17574	1016	14	branches	branch	NOUN
iiclr-17574	1016	15	,	,	PUNCT
iiclr-17574	1016	16	but	but	CCONJ
iiclr-17574	1016	17	must	must	AUX
iiclr-17574	1016	18	instead	instead	ADV
iiclr-17574	1016	19	use	use	VERB
iiclr-17574	1016	20	brokers	broker	NOUN
iiclr-17574	1016	21	.	.	PUNCT
iiclr-17574	1017	1	investment	investment	NOUN
iiclr-17574	1017	2	trust	trust	NOUN
iiclr-17574	1017	3	management	management	NOUN
iiclr-17574	1017	4	,	,	PUNCT
iiclr-17574	1017	5	supra	supra	PROPN
iiclr-17574	1017	6	note	note	PROPN
iiclr-17574	1017	7	11	11	NUM
iiclr-17574	1017	8	,	,	PUNCT
iiclr-17574	1017	9	at	at	ADP
iiclr-17574	1017	10	3	3	NUM
iiclr-17574	1017	11	.	.	NOUN
iiclr-17574	1017	12	257	257	NUM
iiclr-17574	1017	13	.	.	PUNCT
iiclr-17574	1018	1	the	the	DET
iiclr-17574	1018	2	five	five	NUM
iiclr-17574	1018	3	banks	bank	NOUN
iiclr-17574	1018	4	are	be	AUX
iiclr-17574	1018	5	fuji	fuji	PROPN
iiclr-17574	1018	6	bank	bank	PROPN
iiclr-17574	1018	7	,	,	PUNCT
iiclr-17574	1018	8	sanwa	sanwa	PROPN
iiclr-17574	1018	9	bank	bank	PROPN
iiclr-17574	1018	10	,	,	PUNCT
iiclr-17574	1018	11	sakura	sakura	PROPN
iiclr-17574	1018	12	bank	bank	PROPN
iiclr-17574	1018	13	,	,	PUNCT
iiclr-17574	1018	14	sumitomo	sumitomo	PROPN
iiclr-17574	1018	15	bank	bank	PROPN
iiclr-17574	1018	16	,	,	PUNCT
iiclr-17574	1018	17	and	and	CCONJ
iiclr-17574	1018	18	norinchukin	norinchukin	PROPN
iiclr-17574	1018	19	bank	bank	PROPN
iiclr-17574	1018	20	.	.	PUNCT
iiclr-17574	1019	1	i	i	PRON
iiclr-17574	1019	2	d	d	PROPN
iiclr-17574	1019	3	258	258	NUM
iiclr-17574	1019	4	.	.	PUNCT
iiclr-17574	1020	1	i	i	PRON
iiclr-17574	1020	2	d.	d.	PROPN
iiclr-17574	1020	3	259	259	NUM
iiclr-17574	1020	4	.	.	PUNCT
iiclr-17574	1021	1	i	i	PRON
iiclr-17574	1021	2	d.	d.	PROPN
iiclr-17574	1022	1	[	[	X
iiclr-17574	1022	2	vol	vol	NOUN
iiclr-17574	1022	3	.	.	PUNCT
iiclr-17574	1023	1	5:2	5:2	NUM
iiclr-17574	1023	2	mutual	mutual	ADJ
iiclr-17574	1023	3	fund	fund	NOUN
iiclr-17574	1023	4	emergence	emergence	NOUN
iiclr-17574	1023	5	trusts	trust	NOUN
iiclr-17574	1023	6	,	,	PUNCT
iiclr-17574	1023	7	to	to	PART
iiclr-17574	1023	8	move	move	VERB
iiclr-17574	1023	9	the	the	DET
iiclr-17574	1023	10	product	product	NOUN
iiclr-17574	1023	11	.	.	PUNCT
iiclr-17574	1024	1	6	6	NUM
iiclr-17574	1024	2	city	city	NOUN
iiclr-17574	1024	3	banks	bank	NOUN
iiclr-17574	1024	4	fear	fear	VERB
iiclr-17574	1024	5	,	,	PUNCT
iiclr-17574	1024	6	however	however	ADV
iiclr-17574	1024	7	,	,	PUNCT
iiclr-17574	1024	8	that	that	SCONJ
iiclr-17574	1024	9	if	if	SCONJ
iiclr-17574	1024	10	they	they	PRON
iiclr-17574	1024	11	delay	delay	VERB
iiclr-17574	1024	12	entry	entry	NOUN
iiclr-17574	1024	13	this	this	DET
iiclr-17574	1024	14	time	time	NOUN
iiclr-17574	1024	15	they	they	PRON
iiclr-17574	1024	16	may	may	AUX
iiclr-17574	1024	17	alienate	alienate	VERB
iiclr-17574	1024	18	the	the	DET
iiclr-17574	1024	19	mof	mof	NOUN
iiclr-17574	1024	20	,	,	PUNCT
iiclr-17574	1024	21	which	which	PRON
iiclr-17574	1024	22	is	be	AUX
iiclr-17574	1024	23	anxious	anxious	ADJ
iiclr-17574	1024	24	for	for	ADP
iiclr-17574	1024	25	further	further	ADJ
iiclr-17574	1024	26	financial	financial	ADJ
iiclr-17574	1024	27	industry	industry	NOUN
iiclr-17574	1024	28	deregulation	deregulation	NOUN
iiclr-17574	1024	29	,	,	PUNCT
iiclr-17574	1024	30	and	and	CCONJ
iiclr-17574	1024	31	will	will	AUX
iiclr-17574	1024	32	not	not	PART
iiclr-17574	1024	33	get	get	VERB
iiclr-17574	1024	34	the	the	DET
iiclr-17574	1024	35	"	"	PUNCT
iiclr-17574	1024	36	ok	ok	INTJ
iiclr-17574	1024	37	"	"	PUNCT
iiclr-17574	1024	38	when	when	SCONJ
iiclr-17574	1024	39	they	they	PRON
iiclr-17574	1024	40	feel	feel	VERB
iiclr-17574	1024	41	they	they	PRON
iiclr-17574	1024	42	are	be	AUX
iiclr-17574	1024	43	ready	ready	ADJ
iiclr-17574	1024	44	.	.	PUNCT
iiclr-17574	1025	1	it	it	PRON
iiclr-17574	1025	2	is	be	AUX
iiclr-17574	1025	3	understood	understand	VERB
iiclr-17574	1025	4	that	that	SCONJ
iiclr-17574	1025	5	the	the	DET
iiclr-17574	1025	6	ministry	ministry	NOUN
iiclr-17574	1025	7	can	can	AUX
iiclr-17574	1025	8	cite	cite	VERB
iiclr-17574	1025	9	any	any	DET
iiclr-17574	1025	10	reason	reason	NOUN
iiclr-17574	1025	11	for	for	ADP
iiclr-17574	1025	12	refusing	refuse	VERB
iiclr-17574	1025	13	a	a	DET
iiclr-17574	1025	14	license	license	NOUN
iiclr-17574	1025	15	,	,	PUNCT
iiclr-17574	1025	16	such	such	ADJ
iiclr-17574	1025	17	as	as	ADP
iiclr-17574	1025	18	"	"	PUNCT
iiclr-17574	1025	19	inadequate	inadequate	ADJ
iiclr-17574	1025	20	corporate	corporate	ADJ
iiclr-17574	1025	21	performance	performance	NOUN
iiclr-17574	1025	22	"	"	PUNCT
iiclr-17574	1025	23	or	or	CCONJ
iiclr-17574	1025	24	"	"	PUNCT
iiclr-17574	1025	25	poor	poor	ADJ
iiclr-17574	1025	26	timing	timing	NOUN
iiclr-17574	1025	27	.	.	PUNCT
iiclr-17574	1026	1	261	261	NUM
iiclr-17574	1026	2	the	the	DET
iiclr-17574	1026	3	entrance	entrance	NOUN
iiclr-17574	1026	4	of	of	ADP
iiclr-17574	1026	5	the	the	DET
iiclr-17574	1026	6	banks	bank	NOUN
iiclr-17574	1026	7	invariably	invariably	ADV
iiclr-17574	1026	8	comes	come	VERB
iiclr-17574	1026	9	in	in	ADP
iiclr-17574	1026	10	response	response	NOUN
iiclr-17574	1026	11	to	to	ADP
iiclr-17574	1026	12	calls	call	NOUN
iiclr-17574	1026	13	for	for	ADP
iiclr-17574	1026	14	reform	reform	NOUN
iiclr-17574	1026	15	.	.	PUNCT
iiclr-17574	1027	1	of	of	ADP
iiclr-17574	1027	2	the	the	DET
iiclr-17574	1027	3	2,918	2,918	NUM
iiclr-17574	1027	4	stock	stock	NOUN
iiclr-17574	1027	5	investment	investment	NOUN
iiclr-17574	1027	6	trust	trust	NOUN
iiclr-17574	1027	7	funds	fund	NOUN
iiclr-17574	1027	8	in	in	ADP
iiclr-17574	1027	9	japan	japan	PROPN
iiclr-17574	1027	10	at	at	ADP
iiclr-17574	1027	11	the	the	DET
iiclr-17574	1027	12	end	end	NOUN
iiclr-17574	1027	13	of	of	ADP
iiclr-17574	1027	14	september	september	PROPN
iiclr-17574	1027	15	1993	1993	NUM
iiclr-17574	1027	16	,	,	PUNCT
iiclr-17574	1027	17	1,551	1,551	NUM
iiclr-17574	1027	18	were	be	AUX
iiclr-17574	1027	19	below	below	ADP
iiclr-17574	1027	20	their	their	PRON
iiclr-17574	1027	21	initial	initial	ADJ
iiclr-17574	1027	22	value.26	value.26	NOUN
iiclr-17574	1027	23	2	2	NUM
iiclr-17574	1027	24	one	one	NUM
iiclr-17574	1027	25	cause	cause	NOUN
iiclr-17574	1027	26	for	for	ADP
iiclr-17574	1027	27	this	this	DET
iiclr-17574	1027	28	decline	decline	NOUN
iiclr-17574	1027	29	has	have	AUX
iiclr-17574	1027	30	been	be	AUX
iiclr-17574	1027	31	the	the	DET
iiclr-17574	1027	32	lack	lack	NOUN
iiclr-17574	1027	33	of	of	ADP
iiclr-17574	1027	34	an	an	DET
iiclr-17574	1027	35	independent	independent	ADJ
iiclr-17574	1027	36	rating	rating	NOUN
iiclr-17574	1027	37	system	system	NOUN
iiclr-17574	1027	38	.	.	PUNCT
iiclr-17574	1028	1	although	although	SCONJ
iiclr-17574	1028	2	investors	investor	NOUN
iiclr-17574	1028	3	do	do	AUX
iiclr-17574	1028	4	receive	receive	VERB
iiclr-17574	1028	5	performance	performance	NOUN
iiclr-17574	1028	6	information	information	NOUN
iiclr-17574	1028	7	twice	twice	DET
iiclr-17574	1028	8	a	a	DET
iiclr-17574	1028	9	year	year	NOUN
iiclr-17574	1028	10	,	,	PUNCT
iiclr-17574	1028	11	they	they	PRON
iiclr-17574	1028	12	have	have	VERB
iiclr-17574	1028	13	difficulty	difficulty	NOUN
iiclr-17574	1028	14	obtaining	obtain	VERB
iiclr-17574	1028	15	information	information	NOUN
iiclr-17574	1028	16	which	which	PRON
iiclr-17574	1028	17	compares	compare	VERB
iiclr-17574	1028	18	the	the	DET
iiclr-17574	1028	19	funds.263	funds.263	NOUN
iiclr-17574	1028	20	although	although	SCONJ
iiclr-17574	1028	21	the	the	DET
iiclr-17574	1028	22	investment	investment	NOUN
iiclr-17574	1028	23	trust	trust	NOUN
iiclr-17574	1028	24	skills	skill	NOUN
iiclr-17574	1028	25	of	of	ADP
iiclr-17574	1028	26	banks	bank	NOUN
iiclr-17574	1028	27	are	be	AUX
iiclr-17574	1028	28	open	open	ADJ
iiclr-17574	1028	29	to	to	ADP
iiclr-17574	1028	30	question	question	NOUN
iiclr-17574	1028	31	,	,	PUNCT
iiclr-17574	1028	32	their	their	PRON
iiclr-17574	1028	33	entry	entry	NOUN
iiclr-17574	1028	34	heralds	herald	VERB
iiclr-17574	1028	35	the	the	DET
iiclr-17574	1028	36	start	start	NOUN
iiclr-17574	1028	37	of	of	ADP
iiclr-17574	1028	38	competition	competition	NOUN
iiclr-17574	1028	39	between	between	ADP
iiclr-17574	1028	40	bankers	banker	NOUN
iiclr-17574	1028	41	and	and	CCONJ
iiclr-17574	1028	42	securities	security	NOUN
iiclr-17574	1028	43	brokers	broker	NOUN
iiclr-17574	1028	44	.	.	PUNCT
iiclr-17574	1029	1	where	where	SCONJ
iiclr-17574	1029	2	the	the	DET
iiclr-17574	1029	3	investment	investment	NOUN
iiclr-17574	1029	4	trust	trust	NOUN
iiclr-17574	1029	5	subsidiaries	subsidiary	NOUN
iiclr-17574	1029	6	of	of	ADP
iiclr-17574	1029	7	banks	bank	NOUN
iiclr-17574	1029	8	have	have	VERB
iiclr-17574	1029	9	three	three	NUM
iiclr-17574	1029	10	years	year	NOUN
iiclr-17574	1029	11	to	to	PART
iiclr-17574	1029	12	become	become	VERB
iiclr-17574	1029	13	profitable	profitable	ADJ
iiclr-17574	1029	14	under	under	ADP
iiclr-17574	1029	15	the	the	DET
iiclr-17574	1029	16	terms	term	NOUN
iiclr-17574	1029	17	of	of	ADP
iiclr-17574	1029	18	their	their	PRON
iiclr-17574	1029	19	license	license	NOUN
iiclr-17574	1029	20	approval	approval	NOUN
iiclr-17574	1029	21	,	,	PUNCT
iiclr-17574	1029	22	this	this	DET
iiclr-17574	1029	23	intensified	intensify	VERB
iiclr-17574	1029	24	competition	competition	NOUN
iiclr-17574	1029	25	likely	likely	ADV
iiclr-17574	1029	26	will	will	AUX
iiclr-17574	1029	27	produce	produce	VERB
iiclr-17574	1029	28	a	a	DET
iiclr-17574	1029	29	better	well	ADV
iiclr-17574	1029	30	performing	perform	VERB
iiclr-17574	1029	31	investment	investment	NOUN
iiclr-17574	1029	32	trust	trust	NOUN
iiclr-17574	1029	33	product	product	NOUN
iiclr-17574	1029	34	.	.	PUNCT
iiclr-17574	1030	1	vi	vi	X
iiclr-17574	1030	2	.	.	NOUN
iiclr-17574	1030	3	conclusion	conclusion	NOUN
iiclr-17574	1030	4	"	"	PUNCT
iiclr-17574	1030	5	in	in	ADP
iiclr-17574	1030	6	1992	1992	NUM
iiclr-17574	1030	7	...	...	PUNCT
iiclr-17574	1031	1	the	the	DET
iiclr-17574	1031	2	diet	diet	NOUN
iiclr-17574	1031	3	took	take	VERB
iiclr-17574	1031	4	a	a	DET
iiclr-17574	1031	5	major	major	ADJ
iiclr-17574	1031	6	step	step	NOUN
iiclr-17574	1031	7	[	[	X
iiclr-17574	1031	8	in	in	ADP
iiclr-17574	1031	9	]	]	PUNCT
iiclr-17574	1031	10	bringing	bring	VERB
iiclr-17574	1031	11	the	the	DET
iiclr-17574	1031	12	japanese	japanese	ADJ
iiclr-17574	1031	13	financial	financial	ADJ
iiclr-17574	1031	14	system	system	NOUN
iiclr-17574	1031	15	into	into	ADP
iiclr-17574	1031	16	closer	close	ADJ
iiclr-17574	1031	17	alignment	alignment	NOUN
iiclr-17574	1031	18	with	with	ADP
iiclr-17574	1031	19	other	other	ADJ
iiclr-17574	1031	20	industrial	industrial	ADJ
iiclr-17574	1031	21	countries	country	NOUN
iiclr-17574	1031	22	.	.	PUNCT
iiclr-17574	1032	1	"2	"2	VERB
iiclr-17574	1032	2	although	although	SCONJ
iiclr-17574	1032	3	legislation	legislation	NOUN
iiclr-17574	1032	4	has	have	AUX
iiclr-17574	1032	5	permitted	permit	VERB
iiclr-17574	1032	6	carefully	carefully	ADV
iiclr-17574	1032	7	defined	define	VERB
iiclr-17574	1032	8	crossing	crossing	NOUN
iiclr-17574	1032	9	over	over	ADP
iiclr-17574	1032	10	by	by	ADP
iiclr-17574	1032	11	most	most	ADJ
iiclr-17574	1032	12	classes	class	NOUN
iiclr-17574	1032	13	of	of	ADP
iiclr-17574	1032	14	financial	financial	ADJ
iiclr-17574	1032	15	institutions	institution	NOUN
iiclr-17574	1032	16	into	into	ADP
iiclr-17574	1032	17	each	each	DET
iiclr-17574	1032	18	other	other	ADJ
iiclr-17574	1032	19	's	's	PART
iiclr-17574	1032	20	business	business	NOUN
iiclr-17574	1032	21	,	,	PUNCT
iiclr-17574	1032	22	the	the	DET
iiclr-17574	1032	23	reforms	reform	NOUN
iiclr-17574	1032	24	have	have	AUX
iiclr-17574	1032	25	amounted	amount	VERB
iiclr-17574	1032	26	to	to	ADP
iiclr-17574	1032	27	less	less	ADJ
iiclr-17574	1032	28	distinctions	distinction	NOUN
iiclr-17574	1032	29	between	between	ADP
iiclr-17574	1032	30	financial	financial	ADJ
iiclr-17574	1032	31	institutions	institution	NOUN
iiclr-17574	1032	32	on	on	ADP
iiclr-17574	1032	33	paper	paper	NOUN
iiclr-17574	1032	34	than	than	ADP
iiclr-17574	1032	35	in	in	ADP
iiclr-17574	1032	36	actual	actual	ADJ
iiclr-17574	1032	37	practice.26	practice.26	ADJ
iiclr-17574	1032	38	'	'	PUNCT
iiclr-17574	1032	39	article	article	NOUN
iiclr-17574	1032	40	65	65	NUM
iiclr-17574	1032	41	-	-	SYM
iiclr-17574	1032	42	3	3	NUM
iiclr-17574	1032	43	now	now	ADV
iiclr-17574	1032	44	makes	make	VERB
iiclr-17574	1032	45	companies	company	NOUN
iiclr-17574	1032	46	owned	own	VERB
iiclr-17574	1032	47	by	by	ADP
iiclr-17574	1032	48	banks	bank	NOUN
iiclr-17574	1032	49	eligible	eligible	ADJ
iiclr-17574	1032	50	for	for	ADP
iiclr-17574	1032	51	a	a	DET
iiclr-17574	1032	52	mof	mof	ADJ
iiclr-17574	1032	53	securities	security	NOUN
iiclr-17574	1032	54	license.266	license.266	VERB
iiclr-17574	1032	55	where	where	SCONJ
iiclr-17574	1032	56	the	the	DET
iiclr-17574	1032	57	financial	financial	ADJ
iiclr-17574	1032	58	climate	climate	NOUN
iiclr-17574	1032	59	in	in	ADP
iiclr-17574	1032	60	japan	japan	PROPN
iiclr-17574	1032	61	is	be	AUX
iiclr-17574	1032	62	maturing	mature	VERB
iiclr-17574	1032	63	,	,	PUNCT
iiclr-17574	1032	64	an	an	DET
iiclr-17574	1032	65	opportunity	opportunity	NOUN
iiclr-17574	1032	66	is	be	AUX
iiclr-17574	1032	67	present	present	ADJ
iiclr-17574	1032	68	for	for	SCONJ
iiclr-17574	1032	69	u.s	u.s	PROPN
iiclr-17574	1032	70	.	.	PROPN
iiclr-17574	1032	71	mutual	mutual	ADJ
iiclr-17574	1032	72	fund	fund	NOUN
iiclr-17574	1032	73	companies	company	NOUN
iiclr-17574	1032	74	to	to	PART
iiclr-17574	1032	75	penetrate	penetrate	VERB
iiclr-17574	1032	76	the	the	DET
iiclr-17574	1032	77	market	market	NOUN
iiclr-17574	1032	78	and	and	CCONJ
iiclr-17574	1032	79	seize	seize	VERB
iiclr-17574	1032	80	market	market	NOUN
iiclr-17574	1032	81	share	share	NOUN
iiclr-17574	1032	82	.	.	PUNCT
iiclr-17574	1033	1	the	the	DET
iiclr-17574	1033	2	opening	opening	NOUN
iiclr-17574	1033	3	of	of	ADP
iiclr-17574	1033	4	the	the	DET
iiclr-17574	1033	5	investment	investment	NOUN
iiclr-17574	1033	6	trust	trust	NOUN
iiclr-17574	1033	7	management	management	NOUN
iiclr-17574	1033	8	business	business	NOUN
iiclr-17574	1033	9	to	to	ADP
iiclr-17574	1033	10	banks	bank	NOUN
iiclr-17574	1033	11	reflects	reflect	VERB
iiclr-17574	1033	12	japan	japan	PROPN
iiclr-17574	1033	13	's	's	PART
iiclr-17574	1033	14	relaxing	relax	VERB
iiclr-17574	1033	15	regulatory	regulatory	ADJ
iiclr-17574	1033	16	position	position	NOUN
iiclr-17574	1033	17	.	.	PUNCT
iiclr-17574	1034	1	260	260	NUM
iiclr-17574	1034	2	.	.	PUNCT
iiclr-17574	1034	3	yas	yas	PROPN
iiclr-17574	1034	4	idei	idei	PROPN
iiclr-17574	1034	5	,	,	PUNCT
iiclr-17574	1034	6	city	city	NOUN
iiclr-17574	1034	7	banks	bank	NOUN
iiclr-17574	1034	8	split	split	VERB
iiclr-17574	1034	9	on	on	ADP
iiclr-17574	1034	10	investment	investment	NOUN
iiclr-17574	1034	11	trusts	trust	NOUN
iiclr-17574	1034	12	,	,	PUNCT
iiclr-17574	1034	13	apr	apr	PROPN
iiclr-17574	1034	14	.	.	PROPN
iiclr-17574	1034	15	12	12	NUM
iiclr-17574	1034	16	,	,	PUNCT
iiclr-17574	1034	17	1993	1993	NUM
iiclr-17574	1034	18	,	,	PUNCT
iiclr-17574	1034	19	available	available	ADJ
iiclr-17574	1034	20	at	at	ADP
iiclr-17574	1034	21	embassy	embassy	NOUN
iiclr-17574	1034	22	of	of	ADP
iiclr-17574	1034	23	the	the	DET
iiclr-17574	1034	24	united	united	PROPN
iiclr-17574	1034	25	states	states	PROPN
iiclr-17574	1034	26	in	in	ADP
iiclr-17574	1034	27	japan	japan	PROPN
iiclr-17574	1034	28	,	,	PUNCT
iiclr-17574	1034	29	office	office	NOUN
iiclr-17574	1034	30	of	of	ADP
iiclr-17574	1034	31	the	the	DET
iiclr-17574	1034	32	financial	financial	ADJ
iiclr-17574	1034	33	attache	attache	NOUN
iiclr-17574	1034	34	(	(	PUNCT
iiclr-17574	1034	35	on	on	ADP
iiclr-17574	1034	36	file	file	NOUN
iiclr-17574	1034	37	with	with	ADP
iiclr-17574	1034	38	ind	ind	NOUN
iiclr-17574	1034	39	.	.	PUNCT
iiclr-17574	1035	1	int'l	int'l	PROPN
iiclr-17574	1035	2	&	&	CCONJ
iiclr-17574	1035	3	comp	comp	PROPN
iiclr-17574	1035	4	.	.	PUNCT
iiclr-17574	1036	1	l.	l.	PROPN
iiclr-17574	1036	2	rev	rev	PROPN
iiclr-17574	1036	3	.	.	PROPN
iiclr-17574	1036	4	)	)	PUNCT
iiclr-17574	1036	5	.	.	PUNCT
iiclr-17574	1037	1	261	261	NUM
iiclr-17574	1037	2	.	.	PUNCT
iiclr-17574	1038	1	tomohiro	tomohiro	PROPN
iiclr-17574	1038	2	akamatsu	akamatsu	PROPN
iiclr-17574	1038	3	,	,	PUNCT
iiclr-17574	1038	4	four	four	NUM
iiclr-17574	1038	5	city	city	NOUN
iiclr-17574	1038	6	banks	bank	NOUN
iiclr-17574	1038	7	reluctantly	reluctantly	ADV
iiclr-17574	1038	8	move	move	VERB
iiclr-17574	1038	9	into	into	ADP
iiclr-17574	1038	10	investment	investment	NOUN
iiclr-17574	1038	11	trusts	trust	NOUN
iiclr-17574	1038	12	,	,	PUNCT
iiclr-17574	1038	13	tokyo	tokyo	PROPN
iiclr-17574	1038	14	bus	bus	NOUN
iiclr-17574	1038	15	.	.	PUNCT
iiclr-17574	1039	1	today	today	NOUN
iiclr-17574	1039	2	,	,	PUNCT
iiclr-17574	1039	3	dec	dec	PROPN
iiclr-17574	1039	4	.	.	PROPN
iiclr-17574	1039	5	1993	1993	NUM
iiclr-17574	1039	6	,	,	PUNCT
iiclr-17574	1039	7	at	at	ADP
iiclr-17574	1039	8	56	56	NUM
iiclr-17574	1039	9	.	.	PUNCT
iiclr-17574	1039	10	262	262	NUM
iiclr-17574	1039	11	.	.	PUNCT
iiclr-17574	1039	12	hiroyuki	hiroyuki	PROPN
iiclr-17574	1039	13	nishomura	nishomura	PROPN
iiclr-17574	1039	14	,	,	PUNCT
iiclr-17574	1039	15	investment	investment	NOUN
iiclr-17574	1039	16	trusts	trust	VERB
iiclr-17574	1039	17	probing	probe	VERB
iiclr-17574	1039	18	for	for	ADP
iiclr-17574	1039	19	reforms	reform	NOUN
iiclr-17574	1039	20	,	,	PUNCT
iiclr-17574	1039	21	oct	oct	PROPN
iiclr-17574	1039	22	.	.	PROPN
iiclr-17574	1039	23	25	25	NUM
iiclr-17574	1039	24	,	,	PUNCT
iiclr-17574	1039	25	1993	1993	NUM
iiclr-17574	1039	26	(	(	PUNCT
iiclr-17574	1039	27	quoting	quote	VERB
iiclr-17574	1039	28	the	the	DET
iiclr-17574	1039	29	investment	investment	NOUN
iiclr-17574	1039	30	trust	trust	PROPN
iiclr-17574	1039	31	association	association	PROPN
iiclr-17574	1039	32	)	)	PUNCT
iiclr-17574	1039	33	(	(	PUNCT
iiclr-17574	1039	34	on	on	ADP
iiclr-17574	1039	35	file	file	NOUN
iiclr-17574	1039	36	with	with	ADP
iiclr-17574	1039	37	ind	ind	NOUN
iiclr-17574	1039	38	.	.	PUNCT
iiclr-17574	1040	1	int'l	int'l	PROPN
iiclr-17574	1040	2	&	&	CCONJ
iiclr-17574	1040	3	comp	comp	PROPN
iiclr-17574	1040	4	.	.	PUNCT
iiclr-17574	1041	1	l.	l.	PROPN
iiclr-17574	1041	2	rev	rev	PROPN
iiclr-17574	1041	3	.	.	PROPN
iiclr-17574	1041	4	)	)	PUNCT
iiclr-17574	1041	5	.	.	PUNCT
iiclr-17574	1042	1	263	263	NUM
iiclr-17574	1042	2	.	.	PUNCT
iiclr-17574	1043	1	i	i	PRON
iiclr-17574	1043	2	d.	d.	PROPN
iiclr-17574	1043	3	264	264	NUM
iiclr-17574	1043	4	.	.	PUNCT
iiclr-17574	1044	1	j.	j.	PROPN
iiclr-17574	1044	2	robert	robert	PROPN
iiclr-17574	1044	3	brown	brown	PROPN
iiclr-17574	1044	4	,	,	PUNCT
iiclr-17574	1044	5	jr	jr	PROPN
iiclr-17574	1044	6	.	.	PROPN
iiclr-17574	1044	7	,	,	PUNCT
iiclr-17574	1044	8	japanese	japanese	ADJ
iiclr-17574	1044	9	banking	banking	NOUN
iiclr-17574	1044	10	reform	reform	NOUN
iiclr-17574	1044	11	and	and	CCONJ
iiclr-17574	1044	12	the	the	DET
iiclr-17574	1044	13	occupational	occupational	ADJ
iiclr-17574	1044	14	legacy	legacy	NOUN
iiclr-17574	1044	15	:	:	PUNCT
iiclr-17574	1044	16	decompartmentalization	decompartmentalization	NOUN
iiclr-17574	1044	17	,	,	PUNCT
iiclr-17574	1044	18	deregulation	deregulation	NOUN
iiclr-17574	1044	19	,	,	PUNCT
iiclr-17574	1044	20	and	and	CCONJ
iiclr-17574	1044	21	decentralization	decentralization	NOUN
iiclr-17574	1044	22	,	,	PUNCT
iiclr-17574	1044	23	21	21	NUM
iiclr-17574	1044	24	deny	deny	NOUN
iiclr-17574	1044	25	.	.	PUNCT
iiclr-17574	1045	1	j.	j.	PROPN
iiclr-17574	1045	2	int'l	int'l	PROPN
iiclr-17574	1045	3	l.	l.	PROPN
iiclr-17574	1045	4	&	&	CCONJ
iiclr-17574	1045	5	pol	pol	PROPN
iiclr-17574	1045	6	.	.	PUNCT
iiclr-17574	1046	1	361	361	NUM
iiclr-17574	1046	2	,	,	PUNCT
iiclr-17574	1046	3	362	362	NUM
iiclr-17574	1046	4	(	(	PUNCT
iiclr-17574	1046	5	1993	1993	NUM
iiclr-17574	1046	6	)	)	PUNCT
iiclr-17574	1046	7	.	.	PUNCT
iiclr-17574	1047	1	265	265	NUM
iiclr-17574	1047	2	.	.	PUNCT
iiclr-17574	1048	1	i	i	PRON
iiclr-17574	1048	2	d.	d.	PROPN
iiclr-17574	1048	3	266	266	NUM
iiclr-17574	1048	4	.	.	PUNCT
iiclr-17574	1049	1	i	i	PRON
iiclr-17574	1049	2	d.	d.	PROPN
iiclr-17574	1049	3	at	at	ADP
iiclr-17574	1049	4	n.6	n.6	PUNCT
iiclr-17574	1049	5	.	.	PUNCT
iiclr-17574	1049	6	1995	1995	NUM
iiclr-17574	1049	7	]	]	X
iiclr-17574	1049	8	ind	ind	NOUN
iiclr-17574	1049	9	.	.	PUNCT
iiclr-17574	1049	10	int'l	int'l	PROPN
iiclr-17574	1049	11	&	&	CCONJ
iiclr-17574	1049	12	comp	comp	PROPN
iiclr-17574	1049	13	.	.	PUNCT
iiclr-17574	1050	1	l.	l.	PROPN
iiclr-17574	1050	2	rev	rev	PROPN
iiclr-17574	1050	3	.	.	PUNCT
iiclr-17574	1051	1	it	it	PRON
iiclr-17574	1051	2	follows	follow	VERB
iiclr-17574	1051	3	that	that	SCONJ
iiclr-17574	1051	4	where	where	SCONJ
iiclr-17574	1051	5	the	the	DET
iiclr-17574	1051	6	mof	mof	NOUN
iiclr-17574	1051	7	has	have	AUX
iiclr-17574	1051	8	been	be	AUX
iiclr-17574	1051	9	responsive	responsive	ADJ
iiclr-17574	1051	10	to	to	ADP
iiclr-17574	1051	11	foreign	foreign	ADJ
iiclr-17574	1051	12	requests	request	NOUN
iiclr-17574	1051	13	for	for	ADP
iiclr-17574	1051	14	change	change	NOUN
iiclr-17574	1051	15	,	,	PUNCT
iiclr-17574	1051	16	and	and	CCONJ
iiclr-17574	1051	17	has	have	AUX
iiclr-17574	1051	18	responded	respond	VERB
iiclr-17574	1051	19	accordingly	accordingly	ADV
iiclr-17574	1051	20	with	with	ADP
iiclr-17574	1051	21	amended	amend	VERB
iiclr-17574	1051	22	guidelines	guideline	NOUN
iiclr-17574	1051	23	,	,	PUNCT
iiclr-17574	1051	24	the	the	DET
iiclr-17574	1051	25	u.s	u.s	PROPN
iiclr-17574	1051	26	.	.	PROPN
iiclr-17574	1051	27	mutual	mutual	ADJ
iiclr-17574	1051	28	fund	fund	NOUN
iiclr-17574	1051	29	industry	industry	NOUN
iiclr-17574	1051	30	immediately	immediately	ADV
iiclr-17574	1051	31	can	can	AUX
iiclr-17574	1051	32	impact	impact	VERB
iiclr-17574	1051	33	the	the	DET
iiclr-17574	1051	34	investment	investment	NOUN
iiclr-17574	1051	35	trust	trust	NOUN
iiclr-17574	1051	36	market	market	NOUN
iiclr-17574	1051	37	.	.	PUNCT
iiclr-17574	1052	1	the	the	DET
iiclr-17574	1052	2	u.s	u.s	PROPN
iiclr-17574	1052	3	.	.	PROPN
iiclr-17574	1052	4	funds	fund	NOUN
iiclr-17574	1052	5	should	should	AUX
iiclr-17574	1052	6	capitalize	capitalize	VERB
iiclr-17574	1052	7	on.their	on.their	PRON
iiclr-17574	1052	8	popularity	popularity	NOUN
iiclr-17574	1052	9	and	and	CCONJ
iiclr-17574	1052	10	worldwide	worldwide	ADJ
iiclr-17574	1052	11	reputation	reputation	NOUN
iiclr-17574	1052	12	while	while	SCONJ
iiclr-17574	1052	13	they	they	PRON
iiclr-17574	1052	14	have	have	VERB
iiclr-17574	1052	15	it	it	PRON
iiclr-17574	1052	16	-	-	PUNCT
iiclr-17574	1052	17	and	and	CCONJ
iiclr-17574	1052	18	domestic	domestic	ADJ
iiclr-17574	1052	19	banks	bank	NOUN
iiclr-17574	1052	20	do	do	AUX
iiclr-17574	1052	21	not	not	PART
iiclr-17574	1052	22	-	-	PUNCT
iiclr-17574	1052	23	to	to	PART
iiclr-17574	1052	24	penetrate	penetrate	VERB
iiclr-17574	1052	25	and	and	CCONJ
iiclr-17574	1052	26	capture	capture	VERB
iiclr-17574	1052	27	the	the	DET
iiclr-17574	1052	28	anticipated	anticipated	ADJ
iiclr-17574	1052	29	growth	growth	NOUN
iiclr-17574	1052	30	in	in	ADP
iiclr-17574	1052	31	the	the	DET
iiclr-17574	1052	32	japanese	japanese	ADJ
iiclr-17574	1052	33	asset	asset	NOUN
iiclr-17574	1052	34	management	management	NOUN
iiclr-17574	1052	35	business	business	NOUN
iiclr-17574	1052	36	.	.	PUNCT
iiclr-17574	1053	1	internationalization	internationalization	NOUN
iiclr-17574	1053	2	of	of	ADP
iiclr-17574	1053	3	the	the	DET
iiclr-17574	1053	4	investment	investment	NOUN
iiclr-17574	1053	5	trust	trust	NOUN
iiclr-17574	1053	6	market	market	NOUN
iiclr-17574	1053	7	is	be	AUX
iiclr-17574	1053	8	a	a	DET
iiclr-17574	1053	9	concomitant	concomitant	NOUN
iiclr-17574	1053	10	of	of	ADP
iiclr-17574	1053	11	internationalization	internationalization	NOUN
iiclr-17574	1053	12	of	of	ADP
iiclr-17574	1053	13	the	the	DET
iiclr-17574	1053	14	japanese	japanese	ADJ
iiclr-17574	1053	15	economy	economy	NOUN
iiclr-17574	1053	16	.	.	PUNCT
iiclr-17574	1054	1	as	as	SCONJ
iiclr-17574	1054	2	the	the	DET
iiclr-17574	1054	3	japanese	japanese	ADJ
iiclr-17574	1054	4	economy	economy	NOUN
iiclr-17574	1054	5	continues	continue	VERB
iiclr-17574	1054	6	to	to	PART
iiclr-17574	1054	7	expand	expand	VERB
iiclr-17574	1054	8	internationally	internationally	ADV
iiclr-17574	1054	9	,	,	PUNCT
iiclr-17574	1054	10	so	so	ADV
iiclr-17574	1054	11	too	too	ADV
iiclr-17574	1054	12	will	will	AUX
iiclr-17574	1054	13	the	the	DET
iiclr-17574	1054	14	securities	security	NOUN
iiclr-17574	1054	15	industry	industry	NOUN
iiclr-17574	1054	16	and	and	CCONJ
iiclr-17574	1054	17	invariably	invariably	ADV
iiclr-17574	1054	18	the	the	DET
iiclr-17574	1054	19	investment	investment	NOUN
iiclr-17574	1054	20	trust	trust	NOUN
iiclr-17574	1054	21	business	business	NOUN
iiclr-17574	1054	22	.	.	PUNCT
iiclr-17574	1055	1	the	the	DET
iiclr-17574	1055	2	mof	mof	NOUN
iiclr-17574	1055	3	has	have	AUX
iiclr-17574	1055	4	facilitated	facilitate	VERB
iiclr-17574	1055	5	this	this	DET
iiclr-17574	1055	6	internationalization	internationalization	NOUN
iiclr-17574	1055	7	through	through	ADP
iiclr-17574	1055	8	simplifying	simplify	VERB
iiclr-17574	1055	9	foreign	foreign	ADJ
iiclr-17574	1055	10	investment	investment	NOUN
iiclr-17574	1055	11	trust	trust	NOUN
iiclr-17574	1055	12	access	access	NOUN
iiclr-17574	1055	13	to	to	ADP
iiclr-17574	1055	14	its	its	PRON
iiclr-17574	1055	15	financial	financial	ADJ
iiclr-17574	1055	16	markets	market	NOUN
iiclr-17574	1055	17	.	.	PUNCT
iiclr-17574	1056	1	public	public	ADJ
iiclr-17574	1056	2	offering	offering	NOUN
iiclr-17574	1056	3	of	of	ADP
iiclr-17574	1056	4	closed	closed	ADJ
iiclr-17574	1056	5	-	-	PUNCT
iiclr-17574	1056	6	end	end	NOUN
iiclr-17574	1056	7	investment	investment	NOUN
iiclr-17574	1056	8	trusts	trust	NOUN
iiclr-17574	1056	9	are	be	AUX
iiclr-17574	1056	10	treated	treat	VERB
iiclr-17574	1056	11	the	the	DET
iiclr-17574	1056	12	same	same	ADJ
iiclr-17574	1056	13	as	as	ADP
iiclr-17574	1056	14	foreign	foreign	ADJ
iiclr-17574	1056	15	stocks	stock	NOUN
iiclr-17574	1056	16	in	in	ADP
iiclr-17574	1056	17	general	general	ADJ
iiclr-17574	1056	18	and	and	CCONJ
iiclr-17574	1056	19	are	be	AUX
iiclr-17574	1056	20	not	not	PART
iiclr-17574	1056	21	subject	subject	ADJ
iiclr-17574	1056	22	to	to	ADP
iiclr-17574	1056	23	the	the	DET
iiclr-17574	1056	24	provisions	provision	NOUN
iiclr-17574	1056	25	of	of	ADP
iiclr-17574	1056	26	the	the	DET
iiclr-17574	1056	27	ministerial	ministerial	ADJ
iiclr-17574	1056	28	ordinance	ordinance	NOUN
iiclr-17574	1056	29	.	.	PUNCT
iiclr-17574	1057	1	conversely	conversely	ADV
iiclr-17574	1057	2	,	,	PUNCT
iiclr-17574	1057	3	foreign	foreign	ADJ
iiclr-17574	1057	4	open	open	ADJ
iiclr-17574	1057	5	-	-	PUNCT
iiclr-17574	1057	6	end	end	NOUN
iiclr-17574	1057	7	investment	investment	NOUN
iiclr-17574	1057	8	trust	trust	NOUN
iiclr-17574	1057	9	funds	fund	NOUN
iiclr-17574	1057	10	in	in	ADP
iiclr-17574	1057	11	japan	japan	PROPN
iiclr-17574	1057	12	are	be	AUX
iiclr-17574	1057	13	regulated	regulate	VERB
iiclr-17574	1057	14	by	by	ADP
iiclr-17574	1057	15	the	the	DET
iiclr-17574	1057	16	"	"	PUNCT
iiclr-17574	1057	17	ministerial	ministerial	ADJ
iiclr-17574	1057	18	ordinance	ordinance	NOUN
iiclr-17574	1057	19	concerning	concern	VERB
iiclr-17574	1057	20	disclosure	disclosure	NOUN
iiclr-17574	1057	21	of	of	ADP
iiclr-17574	1057	22	issuers	issuer	NOUN
iiclr-17574	1057	23	of	of	ADP
iiclr-17574	1057	24	foreign	foreign	ADJ
iiclr-17574	1057	25	investment	investment	NOUN
iiclr-17574	1057	26	fund	fund	NOUN
iiclr-17574	1057	27	shares	share	NOUN
iiclr-17574	1057	28	.	.	PUNCT
iiclr-17574	1057	29	"	"	PUNCT
iiclr-17574	1058	1	if	if	SCONJ
iiclr-17574	1058	2	the	the	DET
iiclr-17574	1058	3	open	open	ADV
iiclr-17574	1058	4	-	-	PUNCT
iiclr-17574	1058	5	ended	end	VERB
iiclr-17574	1058	6	investment	investment	NOUN
iiclr-17574	1058	7	trust	trust	NOUN
iiclr-17574	1058	8	meets	meet	VERB
iiclr-17574	1058	9	the	the	DET
iiclr-17574	1058	10	"	"	PUNCT
iiclr-17574	1058	11	standard	standard	ADJ
iiclr-17574	1058	12	rules	rule	NOUN
iiclr-17574	1058	13	for	for	ADP
iiclr-17574	1058	14	the	the	DET
iiclr-17574	1058	15	selection	selection	NOUN
iiclr-17574	1058	16	of	of	ADP
iiclr-17574	1058	17	foreign	foreign	ADJ
iiclr-17574	1058	18	investment	investment	NOUN
iiclr-17574	1058	19	trust	trust	NOUN
iiclr-17574	1058	20	funds	fund	NOUN
iiclr-17574	1058	21	to	to	PART
iiclr-17574	1058	22	be	be	AUX
iiclr-17574	1058	23	sold	sell	VERB
iiclr-17574	1058	24	in	in	ADP
iiclr-17574	1058	25	japan	japan	PROPN
iiclr-17574	1058	26	,	,	PUNCT
iiclr-17574	1058	27	267	267	NUM
iiclr-17574	1058	28	the	the	DET
iiclr-17574	1058	29	foreign	foreign	ADJ
iiclr-17574	1058	30	approval	approval	NOUN
iiclr-17574	1058	31	to	to	PART
iiclr-17574	1058	32	sell	sell	VERB
iiclr-17574	1058	33	to	to	ADP
iiclr-17574	1058	34	japanese	japanese	ADJ
iiclr-17574	1058	35	nationals	national	NOUN
iiclr-17574	1058	36	soon	soon	ADV
iiclr-17574	1058	37	will	will	AUX
iiclr-17574	1058	38	follow	follow	VERB
iiclr-17574	1058	39	.	.	PUNCT
iiclr-17574	1059	1	since	since	SCONJ
iiclr-17574	1059	2	the	the	DET
iiclr-17574	1059	3	turn	turn	NOUN
iiclr-17574	1059	4	of	of	ADP
iiclr-17574	1059	5	the	the	DET
iiclr-17574	1059	6	decade	decade	NOUN
iiclr-17574	1059	7	,	,	PUNCT
iiclr-17574	1059	8	investment	investment	NOUN
iiclr-17574	1059	9	trusts	trust	NOUN
iiclr-17574	1059	10	have	have	AUX
iiclr-17574	1059	11	faltered	falter	VERB
iiclr-17574	1059	12	and	and	CCONJ
iiclr-17574	1059	13	suffered	suffer	VERB
iiclr-17574	1059	14	from	from	ADP
iiclr-17574	1059	15	the	the	DET
iiclr-17574	1059	16	fall	fall	NOUN
iiclr-17574	1059	17	in	in	ADP
iiclr-17574	1059	18	stock	stock	NOUN
iiclr-17574	1059	19	markets	market	NOUN
iiclr-17574	1059	20	.	.	PUNCT
iiclr-17574	1060	1	68	68	NUM
iiclr-17574	1060	2	as	as	ADP
iiclr-17574	1060	3	a	a	DET
iiclr-17574	1060	4	consequence	consequence	NOUN
iiclr-17574	1060	5	,	,	PUNCT
iiclr-17574	1060	6	the	the	DET
iiclr-17574	1060	7	value	value	NOUN
iiclr-17574	1060	8	of	of	ADP
iiclr-17574	1060	9	their	their	PRON
iiclr-17574	1060	10	net	net	ADJ
iiclr-17574	1060	11	assets	asset	NOUN
iiclr-17574	1060	12	has	have	AUX
iiclr-17574	1060	13	decreased	decrease	VERB
iiclr-17574	1060	14	precipitously.269	precipitously.269	ADJ
iiclr-17574	1060	15	japanese	japanese	ADJ
iiclr-17574	1060	16	stock	stock	NOUN
iiclr-17574	1060	17	funds	fund	NOUN
iiclr-17574	1060	18	have	have	AUX
iiclr-17574	1060	19	performed	perform	VERB
iiclr-17574	1060	20	badly	badly	ADV
iiclr-17574	1060	21	,	,	PUNCT
iiclr-17574	1060	22	due	due	ADJ
iiclr-17574	1060	23	in	in	ADP
iiclr-17574	1060	24	part	part	NOUN
iiclr-17574	1060	25	to	to	ADP
iiclr-17574	1060	26	affiliates	affiliate	NOUN
iiclr-17574	1060	27	of	of	ADP
iiclr-17574	1060	28	the	the	DET
iiclr-17574	1060	29	four	four	NUM
iiclr-17574	1060	30	largest	large	ADJ
iiclr-17574	1060	31	brokers	broker	NOUN
iiclr-17574	1060	32	controlling	control	VERB
iiclr-17574	1060	33	about	about	ADV
iiclr-17574	1060	34	seventy	seventy	NUM
iiclr-17574	1060	35	percent	percent	NOUN
iiclr-17574	1060	36	of	of	ADP
iiclr-17574	1060	37	the	the	DET
iiclr-17574	1060	38	fund	fund	NOUN
iiclr-17574	1060	39	market	market	NOUN
iiclr-17574	1060	40	.	.	PUNCT
iiclr-17574	1060	41	"	"	PUNCT
iiclr-17574	1061	1	°	°	CCONJ
iiclr-17574	1061	2	in	in	ADP
iiclr-17574	1061	3	response	response	NOUN
iiclr-17574	1061	4	to	to	ADP
iiclr-17574	1061	5	the	the	DET
iiclr-17574	1061	6	trusts	trust	NOUN
iiclr-17574	1061	7	'	'	PART
iiclr-17574	1061	8	poor	poor	ADJ
iiclr-17574	1061	9	performance	performance	NOUN
iiclr-17574	1061	10	,	,	PUNCT
iiclr-17574	1061	11	the	the	DET
iiclr-17574	1061	12	japanese	japanese	ADJ
iiclr-17574	1061	13	finance	finance	PROPN
iiclr-17574	1061	14	ministry	ministry	PROPN
iiclr-17574	1061	15	has	have	AUX
iiclr-17574	1061	16	tried	try	VERB
iiclr-17574	1061	17	to	to	PART
iiclr-17574	1061	18	compensate	compensate	VERB
iiclr-17574	1061	19	investors	investor	NOUN
iiclr-17574	1061	20	by	by	ADP
iiclr-17574	1061	21	extending	extend	VERB
iiclr-17574	1061	22	the	the	DET
iiclr-17574	1061	23	investment	investment	NOUN
iiclr-17574	1061	24	trusts	trust	NOUN
iiclr-17574	1061	25	'	'	PART
iiclr-17574	1061	26	redemptive	redemptive	ADJ
iiclr-17574	1061	27	period	period	NOUN
iiclr-17574	1061	28	.	.	PUNCT
iiclr-17574	1062	1	when	when	SCONJ
iiclr-17574	1062	2	compared	compare	VERB
iiclr-17574	1062	3	with	with	ADP
iiclr-17574	1062	4	american	american	ADJ
iiclr-17574	1062	5	mutual	mutual	ADJ
iiclr-17574	1062	6	funds	fund	NOUN
iiclr-17574	1062	7	that	that	PRON
iiclr-17574	1062	8	invest	invest	VERB
iiclr-17574	1062	9	in	in	ADP
iiclr-17574	1062	10	japanese	japanese	ADJ
iiclr-17574	1062	11	companies	company	NOUN
iiclr-17574	1062	12	,	,	PUNCT
iiclr-17574	1062	13	the	the	DET
iiclr-17574	1062	14	japanese	japanese	ADJ
iiclr-17574	1062	15	investment	investment	NOUN
iiclr-17574	1062	16	trust	trust	NOUN
iiclr-17574	1062	17	would	would	AUX
iiclr-17574	1062	18	be	be	AUX
iiclr-17574	1062	19	hard	hard	ADV
iiclr-17574	1062	20	-	-	PUNCT
iiclr-17574	1062	21	pressed	press	VERB
iiclr-17574	1062	22	to	to	PART
iiclr-17574	1062	23	compete	compete	VERB
iiclr-17574	1062	24	.	.	PUNCT
iiclr-17574	1063	1	a	a	DET
iiclr-17574	1063	2	preliminary	preliminary	ADJ
iiclr-17574	1063	3	analysis	analysis	NOUN
iiclr-17574	1063	4	of	of	ADP
iiclr-17574	1063	5	these	these	DET
iiclr-17574	1063	6	funds	fund	NOUN
iiclr-17574	1063	7	tracked	track	VERB
iiclr-17574	1063	8	for	for	ADP
iiclr-17574	1063	9	the	the	DET
iiclr-17574	1063	10	first	first	ADJ
iiclr-17574	1063	11	quarter	quarter	NOUN
iiclr-17574	1063	12	of	of	ADP
iiclr-17574	1063	13	1994	1994	NUM
iiclr-17574	1063	14	revealed	reveal	VERB
iiclr-17574	1063	15	gains	gain	NOUN
iiclr-17574	1063	16	of	of	ADP
iiclr-17574	1063	17	17.3	17.3	NUM
iiclr-17574	1063	18	%	%	NOUN
iiclr-17574	1063	19	.	.	PUNCT
iiclr-17574	1064	1	"	"	PUNCT
iiclr-17574	1064	2	'	'	PUNCT
iiclr-17574	1064	3	this	this	DET
iiclr-17574	1064	4	statistic	statistic	NOUN
iiclr-17574	1064	5	alone	alone	ADV
iiclr-17574	1064	6	should	should	AUX
iiclr-17574	1064	7	encourage	encourage	VERB
iiclr-17574	1064	8	,	,	PUNCT
iiclr-17574	1064	9	at	at	ADP
iiclr-17574	1064	10	a	a	DET
iiclr-17574	1064	11	minimum	minimum	NOUN
iiclr-17574	1064	12	,	,	PUNCT
iiclr-17574	1064	13	the	the	DET
iiclr-17574	1064	14	managers	manager	NOUN
iiclr-17574	1064	15	of	of	ADP
iiclr-17574	1064	16	those	those	DET
iiclr-17574	1064	17	japanese	japanese	ADJ
iiclr-17574	1064	18	equity	equity	NOUN
iiclr-17574	1064	19	and	and	CCONJ
iiclr-17574	1064	20	otc	otc	PROPN
iiclr-17574	1064	21	funds	fund	NOUN
iiclr-17574	1064	22	to	to	PART
iiclr-17574	1064	23	pursue	pursue	VERB
iiclr-17574	1064	24	opportunities	opportunity	NOUN
iiclr-17574	1064	25	with	with	ADP
iiclr-17574	1064	26	japanese	japanese	ADJ
iiclr-17574	1064	27	nationals	national	NOUN
iiclr-17574	1064	28	.	.	PUNCT
iiclr-17574	1065	1	mutual	mutual	ADJ
iiclr-17574	1065	2	funds	fund	NOUN
iiclr-17574	1065	3	and	and	CCONJ
iiclr-17574	1065	4	mutual	mutual	ADJ
iiclr-17574	1065	5	fund	fund	NOUN
iiclr-17574	1065	6	managers	manager	NOUN
iiclr-17574	1065	7	must	must	AUX
iiclr-17574	1065	8	consider	consider	VERB
iiclr-17574	1065	9	the	the	DET
iiclr-17574	1065	10	japanese	japanese	PROPN
iiclr-17574	1065	11	as	as	ADP
iiclr-17574	1065	12	a	a	DET
iiclr-17574	1065	13	source	source	NOUN
iiclr-17574	1065	14	of	of	ADP
iiclr-17574	1065	15	revenue	revenue	NOUN
iiclr-17574	1065	16	because	because	SCONJ
iiclr-17574	1065	17	it	it	PRON
iiclr-17574	1065	18	has	have	AUX
iiclr-17574	1065	19	become	become	VERB
iiclr-17574	1065	20	increasingly	increasingly	ADV
iiclr-17574	1065	21	difficult	difficult	ADJ
iiclr-17574	1065	22	to	to	PART
iiclr-17574	1065	23	compete	compete	VERB
iiclr-17574	1065	24	for	for	ADP
iiclr-17574	1065	25	domestic	domestic	ADJ
iiclr-17574	1065	26	dollars	dollar	NOUN
iiclr-17574	1065	27	.	.	PUNCT
iiclr-17574	1066	1	where	where	SCONJ
iiclr-17574	1066	2	american	american	ADJ
iiclr-17574	1066	3	funds	fund	NOUN
iiclr-17574	1066	4	do	do	AUX
iiclr-17574	1066	5	very	very	ADV
iiclr-17574	1066	6	well	well	ADV
iiclr-17574	1066	7	investing	invest	VERB
iiclr-17574	1066	8	in	in	ADP
iiclr-17574	1066	9	japanese	japanese	ADJ
iiclr-17574	1066	10	companies	company	NOUN
iiclr-17574	1066	11	,	,	PUNCT
iiclr-17574	1066	12	they	they	PRON
iiclr-17574	1066	13	could	could	AUX
iiclr-17574	1066	14	probably	probably	ADV
iiclr-17574	1066	15	charge	charge	VERB
iiclr-17574	1066	16	a	a	DET
iiclr-17574	1066	17	load	load	NOUN
iiclr-17574	1066	18	in	in	ADP
iiclr-17574	1066	19	japan	japan	PROPN
iiclr-17574	1066	20	and	and	CCONJ
iiclr-17574	1066	21	still	still	ADV
iiclr-17574	1066	22	be	be	AUX
iiclr-17574	1066	23	competitive	competitive	ADJ
iiclr-17574	1066	24	.	.	PUNCT
iiclr-17574	1067	1	with	with	ADP
iiclr-17574	1067	2	the	the	DET
iiclr-17574	1067	3	u.s	u.s	PROPN
iiclr-17574	1067	4	.	.	PROPN
iiclr-17574	1067	5	treasury	treasury	PROPN
iiclr-17574	1067	6	's	's	PART
iiclr-17574	1067	7	recent	recent	ADJ
iiclr-17574	1067	8	agreement	agreement	NOUN
iiclr-17574	1067	9	easing	ease	VERB
iiclr-17574	1067	10	the	the	DET
iiclr-17574	1067	11	regulatory	regulatory	ADJ
iiclr-17574	1067	12	framework	framework	NOUN
iiclr-17574	1067	13	,	,	PUNCT
iiclr-17574	1067	14	the	the	DET
iiclr-17574	1067	15	investment	investment	NOUN
iiclr-17574	1067	16	trust	trust	NOUN
iiclr-17574	1067	17	management	management	NOUN
iiclr-17574	1067	18	267	267	NUM
iiclr-17574	1067	19	.	.	PUNCT
iiclr-17574	1068	1	inves'menr	inves'menr	PROPN
iiclr-17574	1068	2	trusts	trust	NOUN
iiclr-17574	1068	3	,	,	PUNCT
iiclr-17574	1068	4	supra	supra	PROPN
iiclr-17574	1068	5	note	note	NOUN
iiclr-17574	1068	6	129	129	NUM
iiclr-17574	1068	7	,	,	PUNCT
iiclr-17574	1068	8	at	at	ADP
iiclr-17574	1068	9	47	47	NUM
iiclr-17574	1068	10	.	.	PUNCT
iiclr-17574	1068	11	268	268	NUM
iiclr-17574	1068	12	.	.	PUNCT
iiclr-17574	1069	1	i	i	PRON
iiclr-17574	1069	2	d.	d.	PROPN
iiclr-17574	1069	3	at	at	ADP
iiclr-17574	1069	4	foreword	foreword	PROPN
iiclr-17574	1069	5	.	.	PUNCT
iiclr-17574	1070	1	269	269	NUM
iiclr-17574	1070	2	.	.	PUNCT
iiclr-17574	1071	1	i	i	PRON
iiclr-17574	1071	2	d.	d.	PROPN
iiclr-17574	1071	3	270	270	NUM
iiclr-17574	1071	4	.	.	PUNCT
iiclr-17574	1072	1	eisenstodt	eisenstodt	PROPN
iiclr-17574	1072	2	,	,	PUNCT
iiclr-17574	1072	3	supra	supra	PROPN
iiclr-17574	1072	4	note	note	NOUN
iiclr-17574	1072	5	165	165	NUM
iiclr-17574	1072	6	.	.	PUNCT
iiclr-17574	1072	7	271	271	NUM
iiclr-17574	1072	8	.	.	PUNCT
iiclr-17574	1073	1	eric	eric	PROPN
iiclr-17574	1073	2	j.	j.	PROPN
iiclr-17574	1073	3	savitz	savitz	PROPN
iiclr-17574	1073	4	,	,	PUNCT
iiclr-17574	1073	5	losing	lose	VERB
iiclr-17574	1073	6	ground	ground	NOUN
iiclr-17574	1073	7	,	,	PUNCT
iiclr-17574	1073	8	keeping	keep	VERB
iiclr-17574	1073	9	calm	calm	ADJ
iiclr-17574	1073	10	,	,	PUNCT
iiclr-17574	1073	11	barron	barron	PROPN
iiclr-17574	1073	12	's	's	PART
iiclr-17574	1073	13	,	,	PUNCT
iiclr-17574	1073	14	apr	apr	PROPN
iiclr-17574	1073	15	.	.	PROPN
iiclr-17574	1073	16	4	4	NUM
iiclr-17574	1073	17	,	,	PUNCT
iiclr-17574	1073	18	1994	1994	NUM
iiclr-17574	1073	19	,	,	PUNCT
iiclr-17574	1073	20	at	at	ADP
iiclr-17574	1073	21	25	25	NUM
iiclr-17574	1073	22	.	.	PUNCT
iiclr-17574	1074	1	[	[	X
iiclr-17574	1074	2	vol	vol	NOUN
iiclr-17574	1074	3	.	.	PUNCT
iiclr-17574	1074	4	5:2	5:2	NUM
iiclr-17574	1074	5	mutual	mutual	ADJ
iiclr-17574	1074	6	fund	fund	NOUN
iiclr-17574	1074	7	emergence	emergence	NOUN
iiclr-17574	1074	8	industry	industry	NOUN
iiclr-17574	1074	9	in	in	ADP
iiclr-17574	1074	10	japan	japan	PROPN
iiclr-17574	1074	11	has	have	AUX
iiclr-17574	1074	12	advanced	advance	VERB
iiclr-17574	1074	13	to	to	ADP
iiclr-17574	1074	14	the	the	DET
iiclr-17574	1074	15	point	point	NOUN
iiclr-17574	1074	16	where	where	SCONJ
iiclr-17574	1074	17	it	it	PRON
iiclr-17574	1074	18	makes	make	VERB
iiclr-17574	1074	19	commercial	commercial	ADJ
iiclr-17574	1074	20	sense	sense	NOUN
iiclr-17574	1074	21	for	for	ADP
iiclr-17574	1074	22	foreign	foreign	ADJ
iiclr-17574	1074	23	mutual	mutual	ADJ
iiclr-17574	1074	24	funds	fund	NOUN
iiclr-17574	1074	25	to	to	PART
iiclr-17574	1074	26	compete	compete	VERB
iiclr-17574	1074	27	there	there	ADV
iiclr-17574	1074	28	.	.	PUNCT
iiclr-17574	1075	1	if	if	SCONJ
iiclr-17574	1075	2	the	the	DET
iiclr-17574	1075	3	evolution	evolution	NOUN
iiclr-17574	1075	4	of	of	ADP
iiclr-17574	1075	5	the	the	DET
iiclr-17574	1075	6	investment	investment	NOUN
iiclr-17574	1075	7	trust	trust	NOUN
iiclr-17574	1075	8	selling	sell	VERB
iiclr-17574	1075	9	activity	activity	NOUN
iiclr-17574	1075	10	of	of	ADP
iiclr-17574	1075	11	the	the	DET
iiclr-17574	1075	12	japanese	japanese	ADJ
iiclr-17574	1075	13	bank	bank	NOUN
iiclr-17574	1075	14	subsidiaries	subsidiary	NOUN
iiclr-17574	1075	15	in	in	ADP
iiclr-17574	1075	16	any	any	DET
iiclr-17574	1075	17	way	way	NOUN
iiclr-17574	1075	18	parallels	parallel	VERB
iiclr-17574	1075	19	the	the	DET
iiclr-17574	1075	20	success	success	NOUN
iiclr-17574	1075	21	u.s	u.s	PROPN
iiclr-17574	1075	22	.	.	PROPN
iiclr-17574	1075	23	banks	bank	NOUN
iiclr-17574	1075	24	have	have	AUX
iiclr-17574	1075	25	enjoyed	enjoy	VERB
iiclr-17574	1075	26	with	with	ADP
iiclr-17574	1075	27	their	their	PRON
iiclr-17574	1075	28	involvement	involvement	NOUN
iiclr-17574	1075	29	in	in	ADP
iiclr-17574	1075	30	mutual	mutual	ADJ
iiclr-17574	1075	31	funds	fund	NOUN
iiclr-17574	1075	32	,	,	PUNCT
iiclr-17574	1075	33	u.s	u.s	PROPN
iiclr-17574	1075	34	.	.	PROPN
iiclr-17574	1075	35	mutual	mutual	ADJ
iiclr-17574	1075	36	funds	fund	NOUN
iiclr-17574	1075	37	will	will	AUX
iiclr-17574	1075	38	enjoy	enjoy	VERB
iiclr-17574	1075	39	immediate	immediate	ADJ
iiclr-17574	1075	40	success	success	NOUN
iiclr-17574	1075	41	.	.	PUNCT
iiclr-17574	1076	1	first	first	PROPN
iiclr-17574	1076	2	union	union	PROPN
iiclr-17574	1076	3	bank	bank	PROPN
iiclr-17574	1076	4	"	"	PUNCT
iiclr-17574	1076	5	forecasts	forecast	VERB
iiclr-17574	1076	6	that	that	SCONJ
iiclr-17574	1076	7	it	it	PRON
iiclr-17574	1076	8	will	will	AUX
iiclr-17574	1076	9	grow	grow	VERB
iiclr-17574	1076	10	a	a	DET
iiclr-17574	1076	11	current	current	ADJ
iiclr-17574	1076	12	$	$	SYM
iiclr-17574	1076	13	3	3	NUM
iiclr-17574	1076	14	billion	billion	NUM
iiclr-17574	1076	15	in	in	ADP
iiclr-17574	1076	16	mutual	mutual	ADJ
iiclr-17574	1076	17	fund	fund	NOUN
iiclr-17574	1076	18	assets	asset	NOUN
iiclr-17574	1076	19	under	under	ADP
iiclr-17574	1076	20	management	management	NOUN
iiclr-17574	1076	21	into	into	ADP
iiclr-17574	1076	22	$	$	SYM
iiclr-17574	1076	23	25	25	NUM
iiclr-17574	1076	24	billion	billion	NUM
iiclr-17574	1076	25	within	within	ADP
iiclr-17574	1076	26	five	five	NUM
iiclr-17574	1076	27	years	year	NOUN
iiclr-17574	1076	28	.	.	PUNCT
iiclr-17574	1077	1	272	272	NUM
iiclr-17574	1077	2	overall	overall	ADJ
iiclr-17574	1077	3	,	,	PUNCT
iiclr-17574	1077	4	the	the	DET
iiclr-17574	1077	5	banks	bank	NOUN
iiclr-17574	1077	6	'	'	PART
iiclr-17574	1077	7	mutual	mutual	ADJ
iiclr-17574	1077	8	fund	fund	NOUN
iiclr-17574	1077	9	assets	asset	NOUN
iiclr-17574	1077	10	have	have	AUX
iiclr-17574	1077	11	risen	rise	VERB
iiclr-17574	1077	12	sixfold	sixfold	ADV
iiclr-17574	1077	13	since	since	SCONJ
iiclr-17574	1077	14	1987	1987	NUM
iiclr-17574	1077	15	,	,	PUNCT
iiclr-17574	1077	16	to	to	ADP
iiclr-17574	1077	17	$	$	SYM
iiclr-17574	1077	18	180	180	NUM
iiclr-17574	1077	19	billion	billion	NUM
iiclr-17574	1077	20	.	.	PUNCT
iiclr-17574	1078	1	in	in	ADP
iiclr-17574	1078	2	1993	1993	NUM
iiclr-17574	1078	3	,	,	PUNCT
iiclr-17574	1078	4	banks	bank	NOUN
iiclr-17574	1078	5	accounted	account	VERB
iiclr-17574	1078	6	for	for	ADP
iiclr-17574	1078	7	sixteen	sixteen	NUM
iiclr-17574	1078	8	percent	percent	NOUN
iiclr-17574	1078	9	of	of	ADP
iiclr-17574	1078	10	all	all	DET
iiclr-17574	1078	11	mutual	mutual	ADJ
iiclr-17574	1078	12	fund	fund	NOUN
iiclr-17574	1078	13	sales.273	sales.273	ADJ
iiclr-17574	1078	14	on	on	ADP
iiclr-17574	1078	15	present	present	ADJ
iiclr-17574	1078	16	trends	trend	NOUN
iiclr-17574	1078	17	,	,	PUNCT
iiclr-17574	1078	18	the	the	DET
iiclr-17574	1078	19	u.s	u.s	PROPN
iiclr-17574	1078	20	.	.	PROPN
iiclr-17574	1078	21	mutual	mutual	ADJ
iiclr-17574	1078	22	fund	fund	NOUN
iiclr-17574	1078	23	industry	industry	NOUN
iiclr-17574	1078	24	will	will	AUX
iiclr-17574	1078	25	become	become	VERB
iiclr-17574	1078	26	the	the	DET
iiclr-17574	1078	27	principal	principal	ADJ
iiclr-17574	1078	28	repository	repository	NOUN
iiclr-17574	1078	29	for	for	ADP
iiclr-17574	1078	30	u.s	u.s	PROPN
iiclr-17574	1078	31	.	.	PROPN
iiclr-17574	1078	32	money	money	NOUN
iiclr-17574	1078	33	.	.	PUNCT
iiclr-17574	1079	1	at	at	ADP
iiclr-17574	1079	2	the	the	DET
iiclr-17574	1079	3	end	end	NOUN
iiclr-17574	1079	4	of	of	ADP
iiclr-17574	1079	5	1993	1993	NUM
iiclr-17574	1079	6	,	,	PUNCT
iiclr-17574	1079	7	mutual	mutual	ADJ
iiclr-17574	1079	8	funds	fund	NOUN
iiclr-17574	1079	9	comprised	comprise	VERB
iiclr-17574	1079	10	eighty	eighty	NUM
iiclr-17574	1079	11	-	-	PUNCT
iiclr-17574	1079	12	one	one	NUM
iiclr-17574	1079	13	percent	percent	NOUN
iiclr-17574	1079	14	of	of	ADP
iiclr-17574	1079	15	commercial	commercial	ADJ
iiclr-17574	1079	16	bank	bank	NOUN
iiclr-17574	1079	17	deposits	deposit	NOUN
iiclr-17574	1079	18	,	,	PUNCT
iiclr-17574	1079	19	compared	compare	VERB
iiclr-17574	1079	20	with	with	ADP
iiclr-17574	1079	21	about	about	ADV
iiclr-17574	1079	22	ten	ten	NUM
iiclr-17574	1079	23	percent	percent	NOUN
iiclr-17574	1079	24	in	in	ADP
iiclr-17574	1079	25	the	the	DET
iiclr-17574	1079	26	early	early	ADJ
iiclr-17574	1079	27	1980	1980	NUM
iiclr-17574	1079	28	's	's	PART
iiclr-17574	1079	29	.	.	PUNCT
iiclr-17574	1080	1	274	274	NUM
iiclr-17574	1080	2	total	total	ADJ
iiclr-17574	1080	3	assets	asset	NOUN
iiclr-17574	1080	4	in	in	ADP
iiclr-17574	1080	5	mutual	mutual	ADJ
iiclr-17574	1080	6	funds	fund	NOUN
iiclr-17574	1080	7	has	have	AUX
iiclr-17574	1080	8	doubled	double	VERB
iiclr-17574	1080	9	in	in	ADP
iiclr-17574	1080	10	just	just	ADV
iiclr-17574	1080	11	three	three	NUM
iiclr-17574	1080	12	years	year	NOUN
iiclr-17574	1080	13	through	through	ADP
iiclr-17574	1080	14	the	the	DET
iiclr-17574	1080	15	capturing	capturing	NOUN
iiclr-17574	1080	16	of	of	ADP
iiclr-17574	1080	17	domestic	domestic	ADJ
iiclr-17574	1080	18	dollars	dollar	NOUN
iiclr-17574	1080	19	.	.	PUNCT
iiclr-17574	1081	1	this	this	DET
iiclr-17574	1081	2	expansion	expansion	NOUN
iiclr-17574	1081	3	could	could	AUX
iiclr-17574	1081	4	easily	easily	ADV
iiclr-17574	1081	5	continue	continue	VERB
iiclr-17574	1081	6	into	into	ADP
iiclr-17574	1081	7	japan	japan	PROPN
iiclr-17574	1081	8	,	,	PUNCT
iiclr-17574	1081	9	where	where	SCONJ
iiclr-17574	1081	10	investors	investor	NOUN
iiclr-17574	1081	11	are	be	AUX
iiclr-17574	1081	12	starved	starve	VERB
iiclr-17574	1081	13	for	for	ADP
iiclr-17574	1081	14	a	a	DET
iiclr-17574	1081	15	premium	premium	NOUN
iiclr-17574	1081	16	investment	investment	NOUN
iiclr-17574	1081	17	trust	trust	NOUN
iiclr-17574	1081	18	.	.	PUNCT
iiclr-17574	1082	1	it	it	PRON
iiclr-17574	1082	2	can	can	AUX
iiclr-17574	1082	3	no	no	ADV
iiclr-17574	1082	4	longer	long	ADV
iiclr-17574	1082	5	be	be	AUX
iiclr-17574	1082	6	said	say	VERB
iiclr-17574	1082	7	that	that	SCONJ
iiclr-17574	1082	8	the	the	DET
iiclr-17574	1082	9	incentive	incentive	NOUN
iiclr-17574	1082	10	for	for	ADP
iiclr-17574	1082	11	entry	entry	NOUN
iiclr-17574	1082	12	has	have	AUX
iiclr-17574	1082	13	been	be	AUX
iiclr-17574	1082	14	lost	lose	VERB
iiclr-17574	1082	15	in	in	ADP
iiclr-17574	1082	16	the	the	DET
iiclr-17574	1082	17	translation	translation	NOUN
iiclr-17574	1082	18	.	.	PUNCT
iiclr-17574	1083	1	i	i	PRON
iiclr-17574	1083	2	d.	d.	PROPN
iiclr-17574	1083	3	the	the	DET
iiclr-17574	1083	4	bottom	bottom	ADJ
iiclr-17574	1083	5	line	line	NOUN
iiclr-17574	1083	6	,	,	PUNCT
iiclr-17574	1083	7	supra	supra	PROPN
iiclr-17574	1083	8	note	note	NOUN
iiclr-17574	1083	9	7	7	NUM
iiclr-17574	1083	10	.	.	PUNCT
iiclr-17574	1084	1	i	i	PRON
iiclr-17574	1084	2	d.	d.	PROPN
iiclr-17574	1084	3	1995	1995	NUM
iiclr-17574	1084	4	]	]	PUNCT