©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
FDIC TE Test Exam Questions With Correct
Answers 100% Verified.
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
-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
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
lease term contains bargain purchase option
lease term represents at least 75% of est. economic life of asset
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
What defines a full-scope exam? - Answer✔Procedures necessary to complete mandatory ROE
pages + evaluate all components of the UFIRS/CAMELS ratings
All exam activities are considered in the overall assessment of the bank including:
risk mgmt, IT, BSA/AML, OFAC, Trust, Registered transfer agent, muni securities dealer, gov't
securities dealer, as applicable
What are the mandatory ROE pages? - Answer✔Cover Page
Table of Contents
ECC
ITA
EDR
2
FDIC TE Test Exam Questions With Correct
Answers 100% Verified.
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
-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
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
lease term contains bargain purchase option
lease term represents at least 75% of est. economic life of asset
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
What defines a full-scope exam? - Answer✔Procedures necessary to complete mandatory ROE
pages + evaluate all components of the UFIRS/CAMELS ratings
All exam activities are considered in the overall assessment of the bank including:
risk mgmt, IT, BSA/AML, OFAC, Trust, Registered transfer agent, muni securities dealer, gov't
securities dealer, as applicable
What are the mandatory ROE pages? - Answer✔Cover Page
Table of Contents
ECC
ITA
EDR
2
