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To: Haim R. Branisteanu who wrote (56344)	7/10/2000 5:51:02 PM
From: Haim R. Branisteanu	Respond to of 99985

Interesting news on new US debt U.S. Economy: May Consumer Borrowing Rises $11.8 Bln By Monee Fields-White Washington, July 10 (Bloomberg) -- Borrowing by U.S. consumers rose in May at the fastest pace since the beginning of the year, suggesting a slowdown in spending may be short-lived. Consumer credit increased by a larger-than-expected $11.8 billion after rising $8.8 billion in April and $10.7 billion in March, Federal Reserve statistics showed. The latest figures means borrowing rose at a 9.8 percent annual rate in May, almost as fast as the first quarter's 10.3 percent pace -- which coincided with the fastest pace of spending in almost 17 years. .................. What's more, bank earnings could start to suffer if unpaid commercial and industrial loans increase, according to the Federal Deposit Insurance Corp. Non-current commercial and industrial loans, which are loans more than 90 days past due, increased by $1.4 billion, while another $1.3 billion was charged off as bad debt. The non-current rate on banks' commercial and industrial loans rose to 1.28 percent, the highest level since the third quarter of 1994. bloomberg.com Haim