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Exam (elaborations)

FDIC TE Test 000 Questions and Answers

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FDIC TE Test 000 Questions and Answers

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  • November 8, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FDIC TE
  • FDIC TE
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millyphilip
FDIC TE Test 000 Questions and
Answers

What does the ROCA rating system rate? - Answers -Risk Management
Operational Controls
Compliance
Asset Quality

What are the mandatory provisions under Section 38 applicable to Undercapitalized
banks? - Answers -Immediately after receiving notice (or deemed to have notice) [Call
Report, receipt of ROE, written FDIC notice] bank is subject to Sec 38 of FDI Act:
-restricting capital distributions and management fees

-requires FDIC to monitor condition of bank

-requires submission of a Capital Restoration Plan

-restrict asset growth of bank

-prior approval required for acquisitions, branching, and new lines of business

324.405(a)(2)

If a lease meets one or more of what 4 criteria to be accounted Capitalized Lease? -
Answers -Ownership of property transferred to lessee @ end of lease term

lease term contains bargain purchase option

lease term represents at least 75% of est. economic life of asset

PV of minimum lease payments at beginning of lease is 90% or more of the FV of the
leased property to lessor less any related investment tax credit expected to be realized
by lessor.

How should a capitalized lease be reported on the Call Report - Answers -Reported in
P&FA @ PV of the minimum req. lease payments over the non-cancellable term & PV
of BPO payment less portion of payments for admin expense. Property amortized
according to bank's (lessee's) normal depreciation policy.

What are the 5 methods of accounting for dispositions of ORE? (ASC 360) - Answers -
Full accrual

, Installment
Cost Recovery
Reduced Profit
Deposit Method

What defines a full-scope exam? - Answers -Procedures necessary to complete
mandatory ROE pages + evaluate all components of the UFIRS/CAMELS ratings

All exam activities are considered in the overall assessment of the bank including:

risk mgmt, IT, BSA/AML, OFAC, Trust, Registered transfer agent, muni securities
dealer, gov't securities dealer, as applicable

What are the mandatory ROE pages? - Answers -Cover Page
Table of Contents
ECC
ITA
EDR
Signatures of Directors
Ratings Definitions
Confidential.

Required when applicable:
MRBA
Compliance with Enforcement Actions
Violations of Laws & Regulations
Concentrations

Completed but not in ROE
Officers Questionnaire
Directors/Trustees and Officers

What is the purpose of a Bank Examination? - Answers --Ensure public confidence in
banking system

-Evaluate adherence to laws and regulations

-Ensure stability of insured banks by identifying undue risks and weak risk management
practices

-Protect the DIF

-Helps FDIC identify cause and severity of problems at individual banks and emerging
risks in financial industry

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