FDIC TE Set 300 Exam Question s and
Answers
What iibanks iiare iieligible iifor iiExpedited iiApplication iiProcess? ii- iiAnswers ii-Composite
ii1 iior ii2
CRA ii- iisatisfactory
Compliance ii1 iior ii2
WC iiunder iiPCA
Not iisubject iito iiany iiwritten iiagreement ii(formal iior iiinformal)
When iican iiFDIC iialternate iiexams iiwith iiState? ii- iiAnswers ii-Composite ii1 iior ii2
Stable iiand iiimproving ii3 ii(confirmed iiby iiSCOR); iino iiknown iiadverse iitrends
End iiof iione iiexam iiand iistart iiof iinext iinot iiexceed ii12 ii(18) iimonths.
End iidefined iias iisubmission iito iiRO iior ii60 iidays iifrom iistart iidate
4 iiBSA iiPillars ii- iiPart ii326 ii- iiAnswers ii-System iiof iiInternal iiControls
Independent iiTesting
Designated iiBSA iiOfficer
Provide iiTraining iito iiall iiemployees
Section ii6 iiof iiFDIC iiAct ii- iiNew iiBank iiApplication iiFactors ii- iiAnswers ii-1. iiAdequacy iiof
iiCapital iiStructure ii- iiT1C iinot iiless iithan ii8% iifor ii7 iiyears. iiInitial iicapital iinormally
ii$2MM iiexcess iiof iiany iipreopening iiexpenses iiand iian iiadequate iiALLL.
2. iiConvenience iiand iiNeeds iiof iicommunity iito iibe iiserved.
3. iiConsistency iiof iiCorporate iiPowers iiwith iipurposes iiof iithe iiFDI iiact
4. iiFinancial iiHistory iiand iiCondition
5. iiFuture iiEarnings iiProspects
6. iiGeneral iiCharacter iiof iiManagement ii(#1)
7. iiRisk iipresented iito iiDIF
Insiders iiper iiRegulation iiO ii- iiAnswers ii-Directors
Principal iiShareholders
Executive iiOfficers
Related iiinterest iiof iiabove
, - iicompany iicontrolled iiby iiinsider, iior iipolitical iicampiagn iicontrolled iiby, iior iifor iithe
iibenefit iiof, iithe iiinsider
Unimpaired iiCapital ii& iiSurplus ii- iiAnswers ii-Tier ii1 iiCapital
Tier ii2 iicapital
Excess iiALLL
Executive iiOfficers iiper iiRegulation iiO ii- iiAnswers ii-Chairmen iiof iithe iiBoard
President
Secretary
Treasurer
Cashier
VPs
Unless iispecifically iiexcluded iiby iiBoard iiResolution iiand iinonparticipatory iiin iipolicy
iimaking iifunctions
Executive iiOfficer iiand iiDirector iiOverdrafts ii- iiAnswers ii-May iinot iipay iioverdraft iifor iiXO
iior iidirector ii(or iiof iibank iiaffiliates) iiunless:
written, iipreauthorized, iiinterest iibearing iiextension iiof iicredit iiplan iithat iispecifies
iimethod iiof iirepayment
Written, iipreauthorized, iitransfer iiof iifunds iifrom iianother iiaccount
Exception: iiinadvertent iioverdfraft iiof iiaggregate ii$1M iior iiless iiprovided iinot iimore iithan
ii5 iibusiness iidays, iisame iifee iicharged iias iiany iiother iicustomer.
Doesn't iiapply iito iirelated iiinterests, iior iishareholders
SARs iimust iibe iifiled iiwhen? ii- iiAnswers ii-Insider iiabuse iiin iiany iiamount
$5M iior iimore iiwhen iisuspect iiknown ii(30 iidays)
$25M iior iimore iiwhen iisuspect iiunkown ii(60 iidays)
$5M iiwhen iimoney iisuspect iimoney iilaundering/BSA iiviolations
Low iiQuality iiAssets ii- ii23A ii- iiAnswers ii-Adversely iiClassified iior iiSM
Non-accrual
>30 iidays iiPD
TDR
Partial iiPayments iion iiRetail iiCredit ii- iiHow iiaccounted iifor? ii- iiAnswers ii-90% iiof
iicontractual iipayment iiconsidered iifull iipayments
Actual iipayments iiare iiaggregated
Both iimethods iican iibe iiused, iibut iinot iion iisame iiloan
Answers
What iibanks iiare iieligible iifor iiExpedited iiApplication iiProcess? ii- iiAnswers ii-Composite
ii1 iior ii2
CRA ii- iisatisfactory
Compliance ii1 iior ii2
WC iiunder iiPCA
Not iisubject iito iiany iiwritten iiagreement ii(formal iior iiinformal)
When iican iiFDIC iialternate iiexams iiwith iiState? ii- iiAnswers ii-Composite ii1 iior ii2
Stable iiand iiimproving ii3 ii(confirmed iiby iiSCOR); iino iiknown iiadverse iitrends
End iiof iione iiexam iiand iistart iiof iinext iinot iiexceed ii12 ii(18) iimonths.
End iidefined iias iisubmission iito iiRO iior ii60 iidays iifrom iistart iidate
4 iiBSA iiPillars ii- iiPart ii326 ii- iiAnswers ii-System iiof iiInternal iiControls
Independent iiTesting
Designated iiBSA iiOfficer
Provide iiTraining iito iiall iiemployees
Section ii6 iiof iiFDIC iiAct ii- iiNew iiBank iiApplication iiFactors ii- iiAnswers ii-1. iiAdequacy iiof
iiCapital iiStructure ii- iiT1C iinot iiless iithan ii8% iifor ii7 iiyears. iiInitial iicapital iinormally
ii$2MM iiexcess iiof iiany iipreopening iiexpenses iiand iian iiadequate iiALLL.
2. iiConvenience iiand iiNeeds iiof iicommunity iito iibe iiserved.
3. iiConsistency iiof iiCorporate iiPowers iiwith iipurposes iiof iithe iiFDI iiact
4. iiFinancial iiHistory iiand iiCondition
5. iiFuture iiEarnings iiProspects
6. iiGeneral iiCharacter iiof iiManagement ii(#1)
7. iiRisk iipresented iito iiDIF
Insiders iiper iiRegulation iiO ii- iiAnswers ii-Directors
Principal iiShareholders
Executive iiOfficers
Related iiinterest iiof iiabove
, - iicompany iicontrolled iiby iiinsider, iior iipolitical iicampiagn iicontrolled iiby, iior iifor iithe
iibenefit iiof, iithe iiinsider
Unimpaired iiCapital ii& iiSurplus ii- iiAnswers ii-Tier ii1 iiCapital
Tier ii2 iicapital
Excess iiALLL
Executive iiOfficers iiper iiRegulation iiO ii- iiAnswers ii-Chairmen iiof iithe iiBoard
President
Secretary
Treasurer
Cashier
VPs
Unless iispecifically iiexcluded iiby iiBoard iiResolution iiand iinonparticipatory iiin iipolicy
iimaking iifunctions
Executive iiOfficer iiand iiDirector iiOverdrafts ii- iiAnswers ii-May iinot iipay iioverdraft iifor iiXO
iior iidirector ii(or iiof iibank iiaffiliates) iiunless:
written, iipreauthorized, iiinterest iibearing iiextension iiof iicredit iiplan iithat iispecifies
iimethod iiof iirepayment
Written, iipreauthorized, iitransfer iiof iifunds iifrom iianother iiaccount
Exception: iiinadvertent iioverdfraft iiof iiaggregate ii$1M iior iiless iiprovided iinot iimore iithan
ii5 iibusiness iidays, iisame iifee iicharged iias iiany iiother iicustomer.
Doesn't iiapply iito iirelated iiinterests, iior iishareholders
SARs iimust iibe iifiled iiwhen? ii- iiAnswers ii-Insider iiabuse iiin iiany iiamount
$5M iior iimore iiwhen iisuspect iiknown ii(30 iidays)
$25M iior iimore iiwhen iisuspect iiunkown ii(60 iidays)
$5M iiwhen iimoney iisuspect iimoney iilaundering/BSA iiviolations
Low iiQuality iiAssets ii- ii23A ii- iiAnswers ii-Adversely iiClassified iior iiSM
Non-accrual
>30 iidays iiPD
TDR
Partial iiPayments iion iiRetail iiCredit ii- iiHow iiaccounted iifor? ii- iiAnswers ii-90% iiof
iicontractual iipayment iiconsidered iifull iipayments
Actual iipayments iiare iiaggregated
Both iimethods iican iibe iiused, iibut iinot iion iisame iiloan
