Brady to Propose Means to Stimulate Lending:...

Brady to Propose Means to Stimulate Lending: Addressing mounting concern that a reluctance by banks to lend is making the recession worse, Treasury Secretary Nicholas F. Brady said he will propose regulatory changes to ease the credit crunch. Among the recommendations will be more flexible ways for banks to record problem loans, such as allowing them to report partial interest payments as income, Brady told the Senate Banking Committee. Brady said it may not prove necessary for banks to list all loans more than 90 days past due as problem credits, particularly if there is a good chance that the borrower can resume payments later.