FASB DELAYS OFF-BALANCE-SHEET ACCOUNTING RULENorwalk, Conn. — Under pressure from banks and regulators, the Financial Accounting Standards Board has decided to reverse itself and postpone the effective date of an accounting rule that would have forced financial institutions to move assets and liabilities from special-purpose entities such as mortgage-backed securities onto their balance sheets.

The board unanimously decided at a meeting in late July to change the date for when financial institutions would have to account for the special-purpose entities on the balance sheet.

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