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FDIC TE Set 500 Exam Practice Questions and Answers 100% Pass
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FDIC TE Set 500 Exam Practice Questions and Answers 100% Pass No person employed by FDIC shall continue in employment or perform any service on behalf of FDIC if.... part 336 - ANSWER-is convicted of felony prohibited from participating in affairs of an IDI pursuant to any final enforcement a...

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  • November 26, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fdic te set 500 exam practice questions and answer

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  • FDIC
  • FDIC

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EmillyCharlotte

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FDIC TE Set 500 Exam Practice
Questions and Answers 100% Pass


No person employed by FDIC shall continue in employment or perform

any service on behalf of FDIC if....




part 336 - ANSWER✔✔-is convicted of felony




prohibited from participating in affairs of an IDI pursuant to any final

enforcement action by an appropriate federal agency




Demonstrates a pattern or practice of delfacation on obligations to IDIs




Causes substantial loss to federal deposit insurance funds




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/17

,What is the definition of "substantial loss" per part 336? - ANSWER✔✔-A

loan or advance to IDI which is now owned by FDIC, RTC (receivership

trust), FSLIC, or successors that is elinquent for 90+ days and legal

obligation to pay more than $50M




Final judgment in excess of $50M in favor of DIF regardless if forgiven in

bankruptcy. All obligations aggretated


FDIC exempt interlock from Part 348 if: - ANSWER✔✔-Interlock not result

in monopoly, substantial lessening of competition, or cause S&S concerns

if:




Depository organization seeking to add mgmt:


1. Primarily serves low and moderate income areas




2. Is controlled or managed by persons who are members of minority

group, or women



Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/17

, 3. is bank that has been chartered for less than 2 yr




4. is deemed to be in "troubled condition"




Exception continues until considerd monopoly unless waiver granted

under presumption above, then 3 years unless FDIC says otherwise.


What management interlocks qualify for the small market exemption? -

ANSWER✔✔-Banks not greater than $2.5B and $1.5B in TA and:




Depository institutions hold no more than 20% in the aggregate of deposit

in each RMSA or community in which both banks operate




Each bank must maintain records to support their exemption


When must a CTR be filed? - ANSWER✔✔-For each transaction over $10M

that is:

Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/17

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