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BRIEFLY

First Chicago boosted its loan-loss reserve.

June 15, 1987

The Chicago-based bank holding company it is adding $800 million to its bad-loan account, becoming the latest of several major U.S. banks to take such action to cover shaky loans to developing countries. As a result, First Chicago said it expects to report a $700-million loss in the second quarter and a loss of between $420 million and $450 million for the full year. First Chicago, parent of First National Bank of Chicago, is the nation's 11th-largest bank holding company.

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