The numbers released in the Federal Trade Commission's recent study of on-line privacy, reported in the June 5 American Banker ("FTC Finds On-Line Privacy Wanting-Even at Bank Sites," page 3), obscure a more positive story.

It was reported that only 16% of financial companies disclose their practices concerning privacy of customer information. Bankers are included in that percentage. But they were absorbed within a sample of 125 financial sites out of 1,400 commercial sites in the study.

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