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BRIEFLY

December 15, 1987

Bank of Boston Corp. said it was making a $200-million provision for possible losses on its $1-billion portfolio of loans to less developed countries. The bank had earlier placed $330 million of the loans on non-accrual status for most of this year. The bank said it also plans to add to discretionary non-accrual status the $470 million remaining. Although the increase in the provision for possible loan losses will result in a fourth-quarter loss this year, the firm said it expects a small profit for the year.

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