[Code of Federal Regulations]
[Title 12, Volume 6]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR609.905]

[Page 49]
 
                       TITLE 12--BANKS AND BANKING
 
                 CHAPTER VI--FARM CREDIT ADMINISTRATION
 
PART 609_ELECTRONIC COMMERCE--Table of Contents
 
                         Subpart A_General Rules
 
Sec. 609.905  Background.


    The Farm Credit Administration (FCA) wants to create a flexible 
regulatory environment that facilitates electronic commerce (E-commerce) 
and allows Farm Credit System (System) institutions and their customers 
to use new technologies. System institutions may use E-commerce but must 
establish good business practices that ensure safety and soundness while 
doing so.