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WASHINGTON — The Federal Reserve is giving US banks two more years to ensure their holdings of certain complex, risky securities don’t put them afoul of the Volcker Rule. The move, announced Monday, did not give banks an outright exemption from the ban on high-risk investments. The leading Wall Street lobbying group expressed disappointment with that.

The Volcker Rule, adopted in December, limits trading bets that could implode at taxpayers’ expense. That kind of risk-taking helped trigger the 2008 financial crisis. Congress mandated the Volcker Rule in its financial overhaul.

The Fed gave banks until July 2017 to ‘‘conform’’ their holdings of collateralized loan obligations, which are mainly backed by commercial loans. The Fed previously had given banks a one-year extension, to July 2015. Banks had contended that without an exemption, they would be forced to shed their CLO securities at a disadvantage.

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Associated Press