FDIC TE Set 300 Practice Questions
and Answers 100% Pass
What banks are eligible for Expedited Application Process? -
ANSWER✔✔-Composite 1 or 2
CRA - satisfactory
Compliance 1 or 2
WC under PCA
Not subject to any written agreement (formal or informal)
When can FDIC alternate exams with State? - ANSWER✔✔-Composite 1 or
2
Stable and improving 3 (confirmed by SCOR); no known adverse trends
End of one exam and start of next not exceed 12 (18) months.
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/35
,End defined as submission to RO or 60 days from start date
4 BSA Pillars - Part 326 - ANSWER✔✔-System of Internal Controls
Independent Testing
Designated BSA Officer
Provide Training to all employees
Section 6 of FDIC Act - New Bank Application Factors - ANSWER✔✔-1.
Adequacy of Capital Structure - T1C not less than 8% for 7 years. Initial
capital normally $2MM excess of any preopening expenses and an
adequate ALLL.
2. Convenience and Needs of community to be served.
3. Consistency of Corporate Powers with purposes of the FDI act
4. Financial History and Condition
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/35
,5. Future Earnings Prospects
6. General Character of Management (#1)
7. Risk presented to DIF
Insiders per Regulation O - ANSWER✔✔-Directors
Principal Shareholders
Executive Officers
Related interest of above
- company controlled by insider, or political campiagn controlled by, or for
the benefit of, the insider
Unimpaired Capital & Surplus - ANSWER✔✔-Tier 1 Capital
Tier 2 capital
Excess ALLL
Executive Officers per Regulation O - ANSWER✔✔-Chairmen of the Board
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/35
, President
Secretary
Treasurer
Cashier
VPs
Unless specifically excluded by Board Resolution and nonparticipatory in
policy making functions
Executive Officer and Director Overdrafts - ANSWER✔✔-May not pay
overdraft for XO or director (or of bank affiliates) unless:
written, preauthorized, interest bearing extension of credit plan that
specifies method of repayment
Written, preauthorized, transfer of funds from another account
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 4/35
and Answers 100% Pass
What banks are eligible for Expedited Application Process? -
ANSWER✔✔-Composite 1 or 2
CRA - satisfactory
Compliance 1 or 2
WC under PCA
Not subject to any written agreement (formal or informal)
When can FDIC alternate exams with State? - ANSWER✔✔-Composite 1 or
2
Stable and improving 3 (confirmed by SCOR); no known adverse trends
End of one exam and start of next not exceed 12 (18) months.
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/35
,End defined as submission to RO or 60 days from start date
4 BSA Pillars - Part 326 - ANSWER✔✔-System of Internal Controls
Independent Testing
Designated BSA Officer
Provide Training to all employees
Section 6 of FDIC Act - New Bank Application Factors - ANSWER✔✔-1.
Adequacy of Capital Structure - T1C not less than 8% for 7 years. Initial
capital normally $2MM excess of any preopening expenses and an
adequate ALLL.
2. Convenience and Needs of community to be served.
3. Consistency of Corporate Powers with purposes of the FDI act
4. Financial History and Condition
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/35
,5. Future Earnings Prospects
6. General Character of Management (#1)
7. Risk presented to DIF
Insiders per Regulation O - ANSWER✔✔-Directors
Principal Shareholders
Executive Officers
Related interest of above
- company controlled by insider, or political campiagn controlled by, or for
the benefit of, the insider
Unimpaired Capital & Surplus - ANSWER✔✔-Tier 1 Capital
Tier 2 capital
Excess ALLL
Executive Officers per Regulation O - ANSWER✔✔-Chairmen of the Board
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/35
, President
Secretary
Treasurer
Cashier
VPs
Unless specifically excluded by Board Resolution and nonparticipatory in
policy making functions
Executive Officer and Director Overdrafts - ANSWER✔✔-May not pay
overdraft for XO or director (or of bank affiliates) unless:
written, preauthorized, interest bearing extension of credit plan that
specifies method of repayment
Written, preauthorized, transfer of funds from another account
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 4/35
