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FDIC TE - Section 1.1 Basic Examination Concepts and Guidelines Practice Questions and Answers 100% Pass $12.49   Add to cart

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FDIC TE - Section 1.1 Basic Examination Concepts and Guidelines Practice Questions and Answers 100% Pass

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FDIC TE - Section 1.1 Basic Examination Concepts and Guidelines Practice Questions and Answers 100% Pass Why does the FDIC conduct bank exams? - ANSWER-Ensure public confidence in the banking system and to protect the DIF Section 10(b) and (c) of the FDI Act - ANSWER-Empowers examiners to mak...

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  • November 26, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FDIC
  • FDIC
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EmillyCharlotte
FDIC TE - Section 1.1 Basic Examination
Concepts and Guidelines Practice
Questions and Answers 100% Pass


Why does the FDIC conduct bank exams? - ANSWER✔✔-Ensure public

confidence in the banking system and to protect the DIF


Section 10(b) and (c) of the FDI Act - ANSWER✔✔-Empowers examiners to

make a thorough examination of a bank's affairs


UFIRS stands for what? - ANSWER✔✔-Uniform Financial Institutions

Rating System


FFIEC stands for what? - ANSWER✔✔-Federal Financial Institutions

Examination Council


6 Areas Composite Ratings are Based on - ANSWER✔✔-CAMELS -

Capital, Asset Quality, Management, Earnings sufficiency, Liquidity

Position, SMR




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/10

, Can banks disclose the ratings or any part of the ROE? - ANSWER✔✔-No,

not without prior consent of the regulator


Specialty Exam Areas - ANSWER✔✔-Bank Secrecy Act (BSA), IT, Trust,

Government Security Dealers, Municipal Security Dealers, and Registered

Transfer Agent


Management Disclosure of Ratings - ANSWER✔✔-The EIC should discuss

tentative ratings with management near the end of the exam, stating that

their ratings are tentative and subject to the review and final approval by

the regional director


Part 309 of the FDIC Rules and Regs - ANSWER✔✔-Examination findings,

including the composite and component ratings, are subject to

confidentiality rules


Examination letter should notify management of what? - ANSWER✔✔-

should notify management that the institution's composite rating was

tentatively downgraded and convey the expectation that management

stabilize the institution's risk profile and strengthen its financial condition.

The letter should notify management that actions taken to materially


Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/10

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