As a risk manager for BankAmerica Corp. in San Francisco, Steve Dixon is paid to track the twists and turns of the economy. But these days his biggest headaches are being caused by policymakers clear across the country.

The Financial Accounting Standards Board, the quasi-governmental body in Norwalk, Conn., that sets the rules for earnings statements and balance sheets, is trying to require that derivatives be reported every quarter at their market value.

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