WASHINGTON — Despite a change in accounting rules intended to weaken the punch of other-than-temporary impairment charges, five Federal Home Loan banks said they lost a combined $146 million during the first quarter.

So-called OTTI charges totaled $4.9 billion during the quarter, but guidance from the Financial Accounting Standards Board in March allowed the Home Loan banks to charge just $480 million of that sum against their income. The remaining $4.4 billion counts against other comprehensive income.

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