	first interstate i estimates brazil risks first interstate bancorp said its pre tax income could be reduced by about mln dlrs if it decides to reclassify its mln dlrs in medium to long term loans to brazil as nonperforming but the company stressed in a filing with the securities and exchange commission that it believes it is too soon to reclassify the debt despite brazil s feb suspension of direct interest payments on medium and long term loans the corporation believes that it is premature to make a decsion to classify such medium and long term debt as nonperforming at this time first interstate said but first interstate said that if brazil s suspension of interest payments continues it may have to reclassify its loans as nonperforming and place them on non accrual meaning that interest previously accrued but not paid would be deducted from net income and interest would no longer be accrued besides its medium and long term debt first interstate said it also has mln dlrs in short term loans or trade lines in brazil as of dec nonperforming brazilian outstandings were about mln dlrs it said reuter 
