The government on Wednesday approved a rule that makes it easier for Federal Home Loan banks to lend to borrowers that are not members of the system.

The Federal Housing Finance Board authorized the 12 system banks to certify whether nonmember institutions are eligible to receive advances. Approval from the finance board is currently required.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.