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FDIC TE Test 000 Exam Questions and Answers 100% Pass
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FDIC TE Test 000 Exam Questions and Answers 100% Pass What does the ROCA rating system rate? - ANSWER-Risk Management Operational Controls Compliance Asset Quality What are the mandatory provisions under Section 38 applicable to Undercapitalized banks? - ANSWER-Immediately after receiving n...

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  • November 26, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fdic te test 000 exam questions and answers 100 p

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  • FDIC
  • FDIC

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EmillyCharlotte

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FDIC TE Test 000 Exam Questions and
Answers 100% Pass


What does the ROCA rating system rate? - ANSWER✔✔-Risk

Management


Operational Controls


Compliance


Asset Quality


What are the mandatory provisions under Section 38 applicable to

Undercapitalized banks? - ANSWER✔✔-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



Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/28

,-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? - ANSWER✔✔-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

Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/28

, 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 -

ANSWER✔✔-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) -

ANSWER✔✔-Full accrual


Installment


Cost Recovery


Reduced Profit


Deposit Method




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/28

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