©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
FDIC TE Set 500 Exam Questions With
Correct Answers 100% Verified.
No person employed by FDIC shall continue in employment or perform any service on behalf of
FDIC if....
part 336 - Answer✔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
Causes substantial loss to federal deposit insurance funds
What is the definition of "substantial loss" per part 336? - Answer✔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: - Answer✔Interlock not result in monopoly, substantial
lessening of competition, or cause S&S concerns if:
Depository organization seeking to add mgmt:
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
1. Primarily serves low and moderate income areas
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? - Answer✔Banks not
greater than $2.5B and $1.5B in TA and:
Depository institutions hold no more than 20% in the aggregate of deposit in each RMSA or
community in which both banks operate
Each bank must maintain records to support their exemption
When must a CTR be filed? - Answer✔For each transaction over $10M that is:
- A physical transfer currency from one person to another (deposits, withdrawals, exchanges, or
transfers)
-Currency transitions shall be treated as a single transaction if bank has knowledge they are by,
or on behalf of, one person (aggregated accross branches; one business day)
Most frequent causes of violations? - Answer✔Unfamiliarity with regs/statutes
Negligence
Misinterpretation of regulatory requirements/prohibitions
2
FDIC TE Set 500 Exam Questions With
Correct Answers 100% Verified.
No person employed by FDIC shall continue in employment or perform any service on behalf of
FDIC if....
part 336 - Answer✔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
Causes substantial loss to federal deposit insurance funds
What is the definition of "substantial loss" per part 336? - Answer✔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: - Answer✔Interlock not result in monopoly, substantial
lessening of competition, or cause S&S concerns if:
Depository organization seeking to add mgmt:
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
1. Primarily serves low and moderate income areas
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? - Answer✔Banks not
greater than $2.5B and $1.5B in TA and:
Depository institutions hold no more than 20% in the aggregate of deposit in each RMSA or
community in which both banks operate
Each bank must maintain records to support their exemption
When must a CTR be filed? - Answer✔For each transaction over $10M that is:
- A physical transfer currency from one person to another (deposits, withdrawals, exchanges, or
transfers)
-Currency transitions shall be treated as a single transaction if bank has knowledge they are by,
or on behalf of, one person (aggregated accross branches; one business day)
Most frequent causes of violations? - Answer✔Unfamiliarity with regs/statutes
Negligence
Misinterpretation of regulatory requirements/prohibitions
2
