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FDIC TE Prep Exam Questions and Answers
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FDIC TE Prep Exam Questions andAnswers
ALLL iiup iito ii1.25% iiof iirisk-weighted iiassets
qualifying iipreferred iistock
Subordinated iidebt
Qualifying iitier ii2 iiminority iiinterest, iiless iiany iideductions iiin iithe iitier ii2 iiinstrument iiof
iian iiunconsolidated iifinancial iiinstitution. ii- iiAnswers ii-What iiis iiincluded iiin iitier ii2
iicapital?
To iiensure iipublic iiconfidence iiin iithe iibanking iisystem iiand iito iiprotect iithe iiDIF ii-
iiAnswers ii-What iiis iithe iipurpose iiof iithe iiFDIC iiconducting iibank iiexaminations?
Contact iithe iiregional iioffice iito iidiscuss iiwith iithe iiCM iior iithe iiARD ii- iiAnswers ii-What
iishould iiexaminers iido iibefore iidiscussing iiproposed iiratings iiof iia ii3 iior iiworse iirated
iibank?
Empower iiexaminers iito iimake iithorough iiexamination iiof iithe iibanks iiaffairs ii- iiAnswers
ii-Sections ii10(b) iiand ii10(c) iiof iithe iiFDI iido iiwhat?
The iiquality iiof iimanagement ii- iiAnswers ii-What iiis iioften iithe iisingle iimost iiimportant
iifactor iiof iia iisuccessful iioperation iiof iian iiinsured iiinstitution?
Part ii309 iiof iithe iiFDIC iirules iiand iiregs ii- iiAnswers ii-Examination iifindings, iiincluding
iithe iicomposite iiand iicomponent iiratings, iiare iisubject iito iiconfidentiality iiunder iiwhich
iiregulation/rule?
for iiany iibank iinewly iiassigned iia iiCAMELS iicomposite ii3 iior iiworse ii- iiAnswers ii-When
iishould iian iiexamination iiletter iibe iidelivered iito iithe iiCEO/President iiduring iian iiexit
iimeeting?
every ii12 iimonths ii- iiAnswers ii-Under iiSection ii10(d) iiof iithe iiFDI iiact, iihow iioften iimust
iiinsured iibranches iiof iiforeign iibanks iibe iiexamined?
18 iimonths ii- iiAnswers ii-Section ii347.211 iiof iithe iiFDIC iirule iiand iiregs iistates iithat
iidomestic iibranches iiof iiforeign iibanks iican iibe iiconsidered iifor iiexamination iievery
ii___________ iimonths?
,6 iimonths ii- iiAnswers ii-Limited iiscope iiexaminations iishould iibe iiperformed iihow iimany
iimonths iiafter iian iienforcement iiaction iiis iiissued?
~the iibank iihas iitotal iiassets iiof ii$3 iibillion iior iiless
~ iithe iibank iiis iiwell iicapitalized iias iidefined iiin ii323.403(B)(1) iiof iiFDIC iirules iiand iiregs
~the iiban iiwas iiassigned iia iimanagement iirating iiof ii1 iior ii2 iiat iithe iilast iiexamination
~the iiban iiwas iiassigned iia iicomposite iirating iiof ii1 iior ii2 iiat iithe iilast iiexam
~the iibank iiis iinot iisubject iito iiformal iienforcement iiproceedings iior iiorder iiby iithe iiFDIC,
iiOCC< iior iiFRB
~no iiperson iiacquired iicontrol iiof iithe iibank iiduring iithe iipreceding ii12 iimonths iiin iiwhich
iithe iilast iifull-scope iiexamination iiwas iicompleted ii- iiAnswers ii-When iican iiexamination
iischedules iibe iiextended iito ii18 iimonths iifor iia iistate iinonmember iibank?
The iiFFEIC iito iiissue iiguidelines iiestablishing iistandards iifor iithe iipurpose iiof
iidetermining iithe iiacceptability iiof iistate iireports iiof iiexamination. ii- iiAnswers ii-Section
ii10(D)(9) iiofthe iiFDI iiact iirequires iiwhat?
2 iiweeks ii- iiAnswers ii-How iimuch iitimes iinotice iishould iia iibank iibe iigiven iifor iinotice iiof
iian iiup iicoming iiexamination iiand iiprovided iienough iitime iito iicomplete iipre-examination
iirequest
With iithe iiFDIC iiabsorbing ii80% iiof iiinjured iilosses ii(up iito iia iistated iithreshold) iiand
iireceives ii80 iipercent iiof iirecoveries ii- iiAnswers ii-How iiare iishared-loss iiagreements
iigenerally iiwritten?
5 iiyears iifor iilosses iiand ii8 iiyears iifor iirecoveries ii- iiAnswers ii-How iimany iiyears iiare
iicommercial, iishared iiloss iiagreements iigenerally iicover iihow iimany iiyears iifor iilosses
iiand iirecoveries?
10 iiyears iifor iiboth ii- iiAnswers ii-For iiresidential iimortgages, iishared iilosses iiagreements
iigenerally iicover iihow iimany iiyears iifor iilosses iiand iirecoveries?
The iiassets iishould iibe iiadversely iiclassified ii(sub, iidoubt, iiloss) iiand iibe iireduced iiby
iithe iiapplicable iicoverage iirate iistated iiin iithe iiSLA ii(often ii80% iior ii95%) ii- iiAnswers ii-
How iishould iian iiasset iicovered iiunder iia iishared iiloss iiagreement iibe iiclassified?
All iideficiencies iiand iisupervisory iirecommendations iithat iiwill iibe iicited iiin iithe iiROE. ii-
iiAnswers ii-During iian iiexit iimeeting, iimanagement iishould iibe iimade iiaware iiof iiwhat?
~36 iimonths iior iimore iihave iielapsed iisince iithe iilast iisuch iimeeting
~the iimanagement iicomponent iiis ii3 iior iiworse
~two iicomponent iiratings iiare ii3 iior iiworse
~or iiany iiother iiCAMEL iirating iiis ii4 iior ii5 ii- iiAnswers ii-When iiis iia iiboard iimeeting
iirequired?
,Uniform iiInteragency iiTrust iiRating iiSystem; iicomposites ii1-5. ii- iiAnswers ii-What
iisystem iiwas iidevised iito iirate iia iiTrust iidepartment iiand iiwhat iicomposite iiratings iiare
iiestablished?
~management
~operations, iiinternal iicontrols, iiand iiaudits
~earnings
~compliance
~asset iimanagement ii- iiAnswers ii-What iifive iicritical iiareas iiare iievaluated iiin iia iiTrust
iiexam?
To iidetermine iiconfidentiality, iiintegrity, iiand iiavailability iiof iirecords iiproduced iimy
iiautomated iisystems ii- iiAnswers ii-What iiis iithe iiprimary iipurposed iiof iian iiIT iiexam?
The iiUniform iirating iiSystem iifor iiInformation iiTechnology ii(URIST) ii- iiAnswers ii-IT
iioperations iiare iirated iiin iiaccordance iito?
~Management
~Audit
~Support iiand iiDelivery
~development iiand iiacquisition ii- iiAnswers ii-What iifour iiareas iiare iievaluated iiin iian iiIT
iiexamination?
To iiensure iiU.S. iifinancial iiinstitutions iimaintain iiappropriate iirecords iiand iifile iicertain
iireports iiinvolving iicurrency iitransactions iiand iicustomers iirelations. ii- iiAnswers ii-What
iiis iithe iipurpose iiof iia iiBSA iiexamination?
Section ii501(b) iiof iithe iiGramm-Leach-Bailey iiAct ii- iiAnswers ii-Examiner iiinformation
ii,may iicontain iinon-public iicustomer iiinformation iidefined iiby iiwhat?
1 iiexamination iicycle ii- iiAnswers ii-How iilong iishould iiline iisheets iibe iiretained
10 iiyears, iiindefinitely iiwhen iiirregularities iiare iidiscovered iior iisuspected. ii- iiAnswers ii-
How iilong iishould iirisk iimanagement iiand iitrust iiquestionnaires iibe iiretained?
Composite ii1 ii- iiAnswers ii-Financial iiinstitutions iiin iithis iigroup iiare iisound iiin iievery
iirespect iiand iigenerally iihave iicomponents iirated ii1 iior ii2. iiAny iiweaknesses iiare iiminor
iiand iican iibe iihandled iiin iia iiroutine iimanner iiby iithe iiboard iiof iidirectors iiand
iimanagement. iiThese iifinancial iiinstitutions iiare iithe iimost iicapable iiof iiwithstanding iithe
iivagaries iiof iibusiness iiconditions iiand iiare iiresistant iito iioutside iiinfluences iisuch iias
iieconomic iiinstability iiin iitheir iitrade iiarea. iiThese iifinancial iiinstitutions iiare iiin
iisubstantial iicompliance iiwith iilaws iiand iiregulations. iiAs iia iiresult, iithese iifinancial
iiinstitutions iiexhibit iithe iistrongest iiperformance iiand iirisk iimanagement iipractices
iirelative iito iithe iiinstitution's iisize, iicomplexity, iiand iirisk iiprofile, iiand iigive iino iicause iifor
iisupervisory iiconcern.
, Composite ii2 ii- iiAnswers ii-Financial iiinstitutions iiin iithis iigroup iiare iifundamentally
iisound. iiFor iia iifinancial iiinstitution iito iireceive iithis iirating, iigenerally iino iicomponent
iirating iishould iibe iimore iisevere iithan ii3. iiOnly iimoderate iiweaknesses iiare iipresent iiand
iiare iiwell iiwithin iithe iiboard iiof iidirectors' iiand iimanagement's iicapabilities iiand
iiwillingness iito iicorrect. iiThese iifinancial iiinstitutions iiare iistable iiand iiare iicapable iiof
iiwithstanding iibusiness iifluctuations. iiThese iifinancial iiinstitutions iiare iiin iisubstantial
iicompliance iiwith iilaws iiand iiregulations. iiOverall iirisk iimanagement iipractices iiare
iisatisfactory iirelative iito iithe iiinstitution's iisize, iicomplexity, iiand iirisk iiprofile. iiThere iiare
iino iimaterial iisupervisory iiconcerns iiand, iias iia iiresult, iithe iisupervisory iiresponse iiis
iiinformal iiand iilimited.
Composite ii3 ii- iiAnswers ii-Financial iiinstitutions iiin iithis iigroup iiexhibit iisome iidegree iiof
iisupervisory iiconcern iiin iione iior iimore iiof iithe iicomponent iiareas. iiThese iifinancial
iiinstitutions iiexhibit iia iicombination iiof iiweaknesses iithat iimay iirange iifrom iimoderate iito
iisevere; iihowever, iithe iimagnitude iiof iithe iideficiencies iigenerally iiwill iinot iicause iia
iicomponent iito iibe iirated iimore iiseverely iithan ii4. iiManagement iimay iilack iithe iiability iior
iiwillingness iito iieffectively iiaddress iiweaknesses iiwithin iiappropriate iitime iiframes.
iiFinancial iiinstitutions iiin iithis iigroup iigenerally iiare iiless iicapable iiof iiwithstanding
iibusiness iifluctuations iiand iiare iimore iivulnerable iito iioutside iiinfluences iithan iithose
iiinstitutions iirated iia iicomposite ii1 iior ii2. iiAdditionally, iithese iifinancial iiinstitutions iimay
iibe iiin iisignificant iinoncompliance iiwith iilaws iiand iiregulations. iiRisk iimanagement
iipractices iimay iibe iiless iithan iisatisfactory iirelative iito iithe iiinstitution's iisize, iicomplexity,
iiand iirisk iiprofile. iiThese iifinancial iiinstitutions iirequire iimore iithan iinormal iisupervision,
iiwhich iimay iiinclude iiformal iior iiinformal iienforcement iiactions. iiFailure iiappears
iiunlikely, iihowever, iigiven iithe iioverall iistrength iiand iifinancial iicapacity iiof iithese
iiinstitutions.
Composite ii4 ii- iiAnswers ii-Financial iiinstitutions iiin iithis iigroup iigenerally iiexhibit iiunsafe
iiand iiunsound iipractices iior iiconditions. iiThere iiare iiserious iifinancial iior iimanagerial
iideficiencies iithat iiresult iiin iiunsatisfactory iiperformance. iiThe iiproblems iirange iifrom
iisevere iito iicritically iideficient. iiThe iiweaknesses iiand iiproblems iiare iinot iibeing
iisatisfactorily iiaddressed iior iiresolved iiby iithe iiboard iiof iidirectors iiand iimanagement.
iiFinancial iiinstitutions iiin iithis iigroup iigenerally iiare iinot iicapable iiof iiwithstanding
iibusiness iifluctuations. iiThere iimay iibe iisignificant iinoncompliance iiwith iilaws iiand
iiregulations. iiRisk iimanagement iipractices iiare iigenerally iiunacceptable iirelative iito iithe
iiinstitution's iisize, iicomplexity, iiand iirisk iiprofile. iiClose iisupervisory iiattention iiis
iirequired, iiwhich iimeans, iiin iimost iicases, iiformal iienforcement iiaction iiis iinecessary iito
iiaddress iithe iiproblems. iiInstitutions iiin iithis iigroup iipose iia iirisk iito iithe iideposit
iiinsurance iifund. iiFailure iiis iia iidistinct iipossibility iiif iithe iiproblems iiand iiweaknesses
iiare iinot iisatisfactorily iiaddressed iiand iiresolved.
Composite ii5 ii- iiAnswers ii-Financial iiinstitutions iiin iithis iigroup iiexhibit iiextremely iiunsafe
iiand iiunsound iipractices iior iiconditions; iiexhibit iia iicritically iideficient iiperformance;
iioften iicontain iiinadequate iirisk iimanagement iipractices iirelative iito iithe iiinstitution's
iisize, iicomplexity, iiand iirisk iiprofile; iiand iiare iiof iithe iigreatest iisupervisory iiconcern. iiThe
iivolume iiand iiseverity iiof iiproblems iiare iibeyond iimanagement's iiability iior iiwillingness
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