WASHINGTON — Banks, credit unions and insurance companies would have to hold more mortgages on their books in order to maintain their membership in the Federal Home Loan Bank System under a new regulatory proposal unveiled Tuesday.

The Federal Housing Finance Agency issued a plan that would require Home Loan Bank members to hold at least 1% of their assets in home mortgages and "do so on an ongoing basis," according to the proposal, which is already running into opposition from the banks.

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