We are committed to raising capital, but not to assuming risk for troubled loans.

It also cited its already high level of troubled loans for commercial real estate projects.

At that time, First Chicago alone had $3 billion of such troubled loans.

Security Pacific reported a $508 million loss in the third quarter and reserved $1.2 billion for troubled loans.

The bank said its troubled loans were also down, to $629 million, from $770 million a year earlier.

A year earlier, such troubled loans were slightly less than $1.2 billion.

Nor was he responsible for the bank's troubled loans in the energy industry.

Since 1993, its troubled loans have been reduced from $1.7 billion to less than $300 million.

But the company said its holdings of troubled loans fell for the second consecutive quarter.

In 2001, Gateway took a $100 million charge to reflect the troubled loans.