SEC Working Closely With Federal Reserve Over Bearn Stearns

Washington, D.C., March 14, 2008 – The Securities and Exchange Commission today issued the following statement regarding The Bear Stearns Companies:

“The Securities and Exchange Commission has been in close contact with the Department of the Treasury, the Federal Reserve, and the Federal Reserve Bank of New York during discussions concerning an agreement by J.P. Morgan Chase & Co. to provide a secured loan facility to The Bear Stearns Companies. We will continue to work closely together in a way that contributes to orderly and liquid markets.”

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