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TE Study Guide - Formal Administrative Actions (15.1) Study Guide Solutions
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TE Study Guide - Formal Administrative Actions (15.1) Study Guide Solutions What is a formal enforcement action? - ANSWER-Notices of orders issued by FDIC against a bank or IAP. They are legally enforceable and most notices and final orders are published after issuance. When is a formal enforc...

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  • November 26, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • te study guide formal administrative actions 15

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  • FDIC
  • FDIC

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TE Study Guide - Formal Administrative
Actions (15.1) Study Guide Solutions


What is a formal enforcement action? - ANSWER✔✔-Notices of orders

issued by FDIC against a bank or IAP. They are legally enforceable and

most notices and final orders are published after issuance.


When is a formal enforcement action used? - ANSWER✔✔-To reduce risks

and address deficiencies.


- Generally, for a composite rate 4 or 5


- Conditions or concern over a high volume or severity of violations.


When can the formal enforcement action be modified? - ANSWER✔✔-A

modification order must be issued to modify an existing order.


When can the formal enforcement action be terminated? - ANSWER✔✔-

When any of the following exist:


- Conditions and relevant circumstances at the bank have improved

sufficiently and formal action no longer needed.

Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/25

,- Provision of the formal action have been fully satisfied


- A new formal or informal action has been issued to replace the existing

action and address any outstanding issues.


- Conditions of the bank have deteriorated and a new action has been

initiated.


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8a do? - ANSWER✔✔-Terminate deposit

insurance


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8b do? - ANSWER✔✔-Issue cease and desist

orders


- Can say bank engaging in unsafe or unsound practice if 3 rated AQ,

management, earnings, or liquidity.


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8c do? - ANSWER✔✔-Invoke temporary

(effective upon service) cease and desist orders




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/25

, Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8e and 8g do? - ANSWER✔✔-Remove IAPs or

prohibit their participation in bank affairs


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8s do? - ANSWER✔✔-Issue orders to C&D

from violating certain AML regulations.


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8w do? - ANSWER✔✔-Terminate deposit

insurance for certain money laundering offenses.


Is only the FDIC Board authorized to deem something unsafe and

unsound? - ANSWER✔✔-Yes.


Can examiners use the term "unsafe and unsound" in the ROE? -

ANSWER✔✔-No, they can use undesirable, unacceptable, imprudent, etc.


Does the ROE serve as primary evidence to support formal actions? -

ANSWER✔✔-Yes.




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/25

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