[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR612.2135]



[Page 87]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 612_STANDARDS OF CONDUCT AND REFERRAL OF KNOWN OR SUSPECTED CRIMINAL 

VIOLATIONS--Table of Contents

 

                     Subpart A_Standards of Conduct

 

Sec. 612.2135  Director and employee responsibilities and 

conduct--generally.



    (a) Directors and employees of all System institutions shall 

maintain high standards of industry, honesty, integrity, impartiality, 

and conduct in order to ensure the proper performance of System business 

and continued public confidence in the System and each of its 

institutions. The avoidance of misconduct and conflicts of interest is 

indispensable to the maintenance of these standards.

    (b) To achieve these high standards of conduct, directors and 

employees shall observe, to the best of their abilities, the letter and 

intent of all applicable local, state, and Federal laws and regulations 

and policy statements, instructions, and procedures of the Farm Credit 

Administration and System institutions and shall exercise diligence and 

good judgment in carrying out their duties, obligations, and 

responsibilities.