Rural banks would have an easier time joining the Federal Home Loan Bank System under a government proposal issued Wednesday.

The Federal Housing Finance Board proposed to allow all loans secured by farm or business property to count toward system membership requirements as long as there is a residence on the property.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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