WASHINGTON -- Thrift regulators will unveil today a rule they have worked on since 1991 that will force thrifts subject to above-normal interest rate risk to raise capital.

The rule, which takes effect next July, would affect less than half of the industry if it were applied today, and would require just 22 thrifts to raise $43 million in capital or reduce their rate risk in order to comply. Small, well-capitalized thrifts are exempted from the new Office of Thrift Supervision rule.

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