CRCM /
Final
/ /
Test Exam Questions With Correct Answers
/ // // // // //
Completing //the //annual //report //of //indebtedness //to //correspondent //banks.
Reg //O: //- //verified //answer(s)-
✔✔Instructions /
/to /
/executive /
/officers /
/regarding /
/their //reporting //obligations //under //Regulation //O //should //NOT //include //____________.
The //account //will //be //credited //promptly. //
Reg //E: //- //verified //answer(s)-
✔✔A /
/customer /
/who /
/has /
/preauthorized /
/transfers /
/made /
/on /
/the /
/15th /
/of //each //month //to //the //utility //company, //sent //written //notification //to //the //bank //on //the //5th
//of //the //current //month //that //he //wanted //to //discontinue //the //automatic //transfers. //The //bank
//received /
/the /
,/customer's /
/notification /
/on /
/the //7th. //On //the //20th //of //the //month, //the //customer //telephoned //to //state //that //his //account
//balance /
/indicated /
/that /
/payment //was //NOT //stopped. //The //bank //should //advise //the //customer //that //____________.
Currency //Transaction //Reports //CRTs
AML //not //BSA //- //verified //answer(s)-
✔✔When /
/reviewing /
/exemptions /
/for /
/continued /
/eligibility /
/under //the //Bank //Secrecy //Act, //a //review //of //which //of //the //following //is //LEAST //helpful?
1099A
IRS //Regs //- //verified //answer(s)-
✔✔When /
/conducting /
/an /
/audit /
/of /
/IRS /
/tax /
/compliance //procedures, //you //should //select //a //sample //of //which //of //the //following //forms?
Handicap //accessibility //to //property //secured //by //a //first //mortgage //loan //made //by //the //bank. //
,Fair //Housing //Act: //- //verified //answer(s)-
✔✔In /
/monitoring //
a/
/bank's /
/compliance /
/with //the //federal //Fair //Housing //Act, //it //is //LEAST //relevant //to //review //____________.
Encourage //banks //to //help //meet //the //credit //needs //of //their //local //community. //
CRA //- //verified //answer(s)-✔✔One //purpose //of //CRA //Regulations //is //to //____________.
update //the //employee //manual
not //develop //a //new //policy //or //revise //internal //monitoring //schedules //in //this //area. //
Compliance //Management //- //verified //answer(s)-
✔✔A /
/recent /
/regulatory /
/change /
/increased /
/the /
/amount /
/of /
/FDIC /
/insurance /
/coverage /
/for //individual //depositors. //The //compliance //manager //should //FIRST //_____________.
Loans //to //small //farms
, CRA //rules //- //verified //answer(s)-
✔✔Under /
/CRA /
/rules, /
/banks //other //than //small //banks //must //report //which //of //the //following //types //of //loans?
Have //a //loan-to-deposit //ratio //in //each //state //that //equals //or //exceeds //50% //of //the //loan-to-
deposit //ratio //of //each //host //state.
Riegle-Neal //- //verified //answer(s)-
✔✔National /
/Bank /
/is /
/headquartered /
/in /
/Colorado /
/and /
/has /
/branches /
/in /
/Nebraska /
/and /
/Wyoming /
/that /
/it /
/acquired /
/two //years //ago. //Each //year //the //federal //regulatory //agencies //publish //the //host //state //loan-
to-
deposit /
/ratios /
/for /
/each /
/state, /
/which /
/are /
Final
/ /
Test Exam Questions With Correct Answers
/ // // // // //
Completing //the //annual //report //of //indebtedness //to //correspondent //banks.
Reg //O: //- //verified //answer(s)-
✔✔Instructions /
/to /
/executive /
/officers /
/regarding /
/their //reporting //obligations //under //Regulation //O //should //NOT //include //____________.
The //account //will //be //credited //promptly. //
Reg //E: //- //verified //answer(s)-
✔✔A /
/customer /
/who /
/has /
/preauthorized /
/transfers /
/made /
/on /
/the /
/15th /
/of //each //month //to //the //utility //company, //sent //written //notification //to //the //bank //on //the //5th
//of //the //current //month //that //he //wanted //to //discontinue //the //automatic //transfers. //The //bank
//received /
/the /
,/customer's /
/notification /
/on /
/the //7th. //On //the //20th //of //the //month, //the //customer //telephoned //to //state //that //his //account
//balance /
/indicated /
/that /
/payment //was //NOT //stopped. //The //bank //should //advise //the //customer //that //____________.
Currency //Transaction //Reports //CRTs
AML //not //BSA //- //verified //answer(s)-
✔✔When /
/reviewing /
/exemptions /
/for /
/continued /
/eligibility /
/under //the //Bank //Secrecy //Act, //a //review //of //which //of //the //following //is //LEAST //helpful?
1099A
IRS //Regs //- //verified //answer(s)-
✔✔When /
/conducting /
/an /
/audit /
/of /
/IRS /
/tax /
/compliance //procedures, //you //should //select //a //sample //of //which //of //the //following //forms?
Handicap //accessibility //to //property //secured //by //a //first //mortgage //loan //made //by //the //bank. //
,Fair //Housing //Act: //- //verified //answer(s)-
✔✔In /
/monitoring //
a/
/bank's /
/compliance /
/with //the //federal //Fair //Housing //Act, //it //is //LEAST //relevant //to //review //____________.
Encourage //banks //to //help //meet //the //credit //needs //of //their //local //community. //
CRA //- //verified //answer(s)-✔✔One //purpose //of //CRA //Regulations //is //to //____________.
update //the //employee //manual
not //develop //a //new //policy //or //revise //internal //monitoring //schedules //in //this //area. //
Compliance //Management //- //verified //answer(s)-
✔✔A /
/recent /
/regulatory /
/change /
/increased /
/the /
/amount /
/of /
/FDIC /
/insurance /
/coverage /
/for //individual //depositors. //The //compliance //manager //should //FIRST //_____________.
Loans //to //small //farms
, CRA //rules //- //verified //answer(s)-
✔✔Under /
/CRA /
/rules, /
/banks //other //than //small //banks //must //report //which //of //the //following //types //of //loans?
Have //a //loan-to-deposit //ratio //in //each //state //that //equals //or //exceeds //50% //of //the //loan-to-
deposit //ratio //of //each //host //state.
Riegle-Neal //- //verified //answer(s)-
✔✔National /
/Bank /
/is /
/headquartered /
/in /
/Colorado /
/and /
/has /
/branches /
/in /
/Nebraska /
/and /
/Wyoming /
/that /
/it /
/acquired /
/two //years //ago. //Each //year //the //federal //regulatory //agencies //publish //the //host //state //loan-
to-
deposit /
/ratios /
/for /
/each /
/state, /
/which /
/are /
