The Financial Accounting Standards Board may change some accounting rules to make it more difficult for banks to get subprime loans off their books.At an accounting conference held last month in New York, FASB Chairman Robert Herz said that the rules might require banks to keep loans on their books that they previously have been able to package and sell off or securitize.

In April, FASB voted to eliminate special securitization vehicles. Herz said that banks would have to use other rules for off-balance-sheet vehicles, and that these rules might get tougher. In addition, banks could face more rigid tests for which assets could remain off their books.

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