SECURITIES

Greenspan Encouraged on Salomon: Federal Reserve Board Chairman Alan Greenspan said Salomon Inc.’s status as a primary dealer of Treasury securities that can trade directly with the government remained under review pending its investigation. But he indicated that efforts by Salomon’s new management to improve the firm’s credibility were encouraging. Greenspan said the new management “has demonstrated an acute sensitivity to the need for absolute integrity in the government securities market and is taking steps to assure compliance with applicable laws and regulations.”