A table on major stock market studies in Sunday's Business section incorrectly identified W. Gordon Binns Jr. He is a vice president of General Motors Corp. (Published 12/3/87)

Major stock market studies under way are:

President Reagan has appointed Dillon Read & Co. Inc. investment banker Nicholas F. Brady to head a commission studying the stock market collapse. The committee is to present its recommendations early in January. Other members of the commission are James Cotting, chairman of Navistar International Corp.; John R. Opel, former chairman of International Business Machines Corp.; Robert G. Kirby, chairman of Capital Guardian Trust Co.; and Howard Stein, chairman of Dreyfus Corp. Executive director of the staff is Harvard Business School professor Robert Glauber.

Securities and Exchange Commission Chairman David S. Ruder has ordered the SEC to undertake a study of the stock market collapse, which will be completed early in January.

The acting chairman of the Commodity Futures Trading Commission, Kalo Hineman, has ordered the CFTC to undertake a study of the stock market collapse, with special emphasis on the role of futures trading. A preliminary report has already been released. No date has been set for a final report.

The New York Stock Exchange has authorized a study of the collapse by former IBM general counsel Nicholas deB. Katzenbach. He expects to complete the study in December.

The Chicago Mercantile Exchange has named a panel of four experts to assist it in evaluating the market plunge. The panel members are Yale economics professor Burton Malkiel, University of Chicago economics professor Merton Miller, Stanford University professor Myron Scholes and Arnold & Porter attorney John O. Hawke Jr. The study is expected to be completed in December.

The National Association of Securities Dealers has authorized a study of the stock market collapse by a panel headed by A.A. Sommer Jr. He expects to make a preliminary report on issues in the over-the-counter market in January, with a final report in March.

A former vice president at General Motors Corp., W. Gordon Binns Jr., is heading a study of the stock market collapse from the perspective of institutional investors. The study, under the auspices of the Committee on Investment of Employe Benefit Assets of the Financial Executives Institutes, is expected to be completed in December.

Rep. Edward J. Markey (D-Mass.), chairman of the House securities subcommittee, has asked the General Accounting Office to do study the stock market's volatility and collapse.

The Investment Company Institute, the mutual fund industry's trade association, released a study last week showing that mutual fund managers were able to meet nearly two-thirds of customer redemption demands on Black Monday through cash reserves. To handle redemptions, mutual fund managers used $1.5 billion in cash reserves and $780 million from the sale of stocks. Together, the 282 funds surveyed had $161.3 billion in assets on Black Monday. The ICI said the study "specifically rebuts the stories of massive liquidations which were rumored to have occurred."

When the studies are complete, a series of congressional committees and subcommittees will begin debating legislative responses to Black Monday. Those panels include:

The House and Senate agriculture committees, which have jurisdiction over the Commodity Futures Trading Commission, regulator of the stock index futures markets. The House Conservation and Credit Subcommittee, chaired by Rep. Ed Jones (D-Tenn.) has already held its first hearing on program trading. Sen. Patrick Leahy's (D-Vt.) Senate panel has been briefed on Black Monday issues is expected to hold hearings in January.

The House and Senate banking committees, which are considering bills introduced by Sen. John Heinz (R-Pa.) and Rep. Jim Leach (R-Iowa) that would give the Federal Reserve Board authority to set margins for stock index futures and stock index options.

The House Energy and Commerce Committee. Chairman John Dingell (D-Mich.) will hold hearings of his oversight and investigations subcommittee, which has jurisdiction over the SEC. Rep. Ed Markey (D-Mass.) is planning a series of four hearings by his subcommittee on telecommunications and finance. That panel will look at consumer protection measures, program trading, macro economic issues and the internationalization of financial markets.

The Senate permanent subcommittee on investigations has looked into stock index futures trading and may return to the issue.

The House commerce, consumer and monetary affairs subcommittee, chaired by Rep. Doug Barnard (D-Ga.), plans to look into the split jurisdiction between the CFTC and SEC, the role of banks lending to market makers and other issues.