FDIC Technical Evaluation Questions and Answers Fully Solved 100%

Bank Holding Company Act of 1956- Control is defined as the company directly or indirectly or acting through one or more other persons, owns, controls, or has the power to vote 25% or more of any class of voting securities of the bank or company. - ️️Control Definitions Minimum Security Devices and Procedures and Bank Secrecy Act Compliance - ️️Part 326 Filing Procedures - ️️Part 303 Forms, instructions, and reports - ️️Part 304 Certification of Assumption of Deposits and Notification of Changes of insured status - ️️Part 307 Rules of Practice and Procedures - ️️Part 308 Disclosure of Information - ️️Part 309 Privacy Act Regulations - ️️Part 310 Rules Governing Public Observation of Meetings of the Corporation's Board of Directors - ️️Part 311 Procedures of Corporate Debt Resolution - ️️Part 313 Appraisals - ️️Part 323 Federal Deposit Insurance Corporation is established to insure, the deposits of all banks and savings associations which are entitled to the benefits of insurance under this Act. (b) Asset disposition (1) establishment, (2) administrator is appointed by the Board of Directors (3) responsibilities are to carry out the responsibilities of the corporation under this Act relating to liquidation of insured depository institutions and the disposition of assets of such institutions. Sec 2 Board of Directors consisting of 5 members- -1 of whom shall be the Comptroller of the Currency -1 of whom shall be the Director of the CFPB, and-3 of whom shall be appointed by the president, by and with the advice and content of the senate, from among individuals who are citizens of the US, 1 of whom shall have state bank supervisory experience. After 2/28/1993, not more than 3 of the members of the board may be members of the sam - ️️FDI Act Sec. 1 Capital Adequacy of FDIC-Supervised Institutions - ️️Part 324 Annual Stress Test - ️️Part 325