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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: long-gone who wrote (29724)3/10/1999 10:05:00 PM
From: lorne  Read Replies (3) of 116759
 
U.S. Banks Warned To Prepare For Losses
WASHINGTON (Reuters) - Wobbly global markets are likely to produce increased losses for U.S. lending institutions, federal regulators cautioned Wednesday in a joint letter advising banks to make sure their allowances for bad loans were high enough.

The letter was sent to U.S. banks and thrifts by the Federal Reserve, the Securities and Exchange Commission, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
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