WASHINGTON - The Office of Thrift Supervision proposed a rule on Tuesday that would require current-value accounting of troubled and foreclosed assets.

"It is one in a series of steps to conform our rules to commercial banks'," said John Robinson, assistant director for policy at the OTS. The change from a longer-term valuation standard, which allowed thrifts to assume they could sell troubled assets under better market conditions at a future date, "is one we have been debating for some time," Mr. Robinson said.

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