The Federal Deposit Insurance Corp. (FDIC) gave banks at least six months to raise capital to back the securities financial institutions will be adding to their balance sheets, according to a report from Bloomberg.

The FDIC was set to decide today about two securitization-related matters. The first is a rule that would put capital levels that banks have to hold in line with a June ruling by the Financial Accounting Standards Board (FASB). FASB's new ruling requires these financial institutions to bring back on their balance sheets certain off-balance sheet holdings, which include securitizations.

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