Ag lenders benefit from new rule

Thurman C Connell

American Bankers Association, 1998, vol. 11, issue 4

Abstract: On July 29, 1998, a much-anticipated regulation went into effect. Simply known as the Ag Rule, it ultimately expands membership in the FHLBs, as well as allows members to use a wider range of assets as collateral for advances. Specifically, the Federal Housing Finance Board, the bank system's regulator, has approved a rule that allows financial institutions to count combination farm and business property loans where there is a permanent residence to qualify for membership and to provide collateral necessary to obtain advances.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1998
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