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FDIC TE Set 500 Questions and Correct
Answers
No person employed by FDIC shall continue in employment
or perform any service on behalf of FDIC if....
part 336 Ans: is convicted of felony
prohibited from participating in affairs of an IDI pursuant
to any final enforcement action by an appropriate federal
agency
Demonstrates a pattern or practice of delfacation on
obligations to IDIs
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Causes substantial loss to federal deposit insurance funds
What is the definition of "substantial loss" per part 336?
Ans: A loan or advance to IDI which is now owned by FDIC,
RTC (receivership trust), FSLIC, or successors that is
elinquent for 90+ days and legal obligation to pay more
than $50M
Final judgment in excess of $50M in favor of DIF regardless
if forgiven in bankruptcy. All obligations aggretated
FDIC exempt interlock from Part 348 if: Ans: Interlock not
result in monopoly, substantial lessening of competition, or
cause S&S concerns if:
Depository organization seeking to add mgmt:
1. Primarily serves low and moderate income areas
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2. Is controlled or managed by persons who are members of
minority group, or women
3. is bank that has been chartered for less than 2 yr
4. is deemed to be in "troubled condition"
Exception continues until considerd monopoly unless
waiver granted under presumption above, then 3 years
unless FDIC says otherwise.
What management interlocks qualify for the small market
exemption? Ans: Banks not greater than $2.5B and $1.5B in
TA and:
© 2025 All rights reserved
FDIC TE Set 500 Questions and Correct
Answers
No person employed by FDIC shall continue in employment
or perform any service on behalf of FDIC if....
part 336 Ans: is convicted of felony
prohibited from participating in affairs of an IDI pursuant
to any final enforcement action by an appropriate federal
agency
Demonstrates a pattern or practice of delfacation on
obligations to IDIs
© 2025 All rights reserved
, 2 | Page
Causes substantial loss to federal deposit insurance funds
What is the definition of "substantial loss" per part 336?
Ans: A loan or advance to IDI which is now owned by FDIC,
RTC (receivership trust), FSLIC, or successors that is
elinquent for 90+ days and legal obligation to pay more
than $50M
Final judgment in excess of $50M in favor of DIF regardless
if forgiven in bankruptcy. All obligations aggretated
FDIC exempt interlock from Part 348 if: Ans: Interlock not
result in monopoly, substantial lessening of competition, or
cause S&S concerns if:
Depository organization seeking to add mgmt:
1. Primarily serves low and moderate income areas
© 2025 All rights reserved
, 3 | Page
2. Is controlled or managed by persons who are members of
minority group, or women
3. is bank that has been chartered for less than 2 yr
4. is deemed to be in "troubled condition"
Exception continues until considerd monopoly unless
waiver granted under presumption above, then 3 years
unless FDIC says otherwise.
What management interlocks qualify for the small market
exemption? Ans: Banks not greater than $2.5B and $1.5B in
TA and:
© 2025 All rights reserved
