WASHINGTON — Top Federal Reserve Board officials are cautiously eyeing the possibility that a new liquidity proposal may incite a collateral shortfall just as the central bank starts to unwind its easy-money policies.

It is not a near-term problem as the central bank continues to push off changing course on its $85 billion monthly bond buying program, but Fed officials are weighing the negative ramifications of forcing banks to meet a slew of new regulatory rules and how such requirements will interact with its monetary policy decision-making in the future.

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