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FDIC TE Set 300 Practice Questions and Answers 100% Pass $12.49   Add to cart

Exam (elaborations)

FDIC TE Set 300 Practice Questions and Answers 100% Pass

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FDIC TE Set 300 Practice Questions and Answers 100% Pass What banks are eligible for Expedited Application Process? - ANSWER-Composite 1 or 2 CRA - satisfactory Compliance 1 or 2 WC under PCA Not subject to any written agreement (formal or informal) When can FDIC alternate exams with State?...

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  • November 26, 2024
  • 35
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FDIC
  • FDIC
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EmillyCharlotte
FDIC TE Set 300 Practice Questions
and Answers 100% Pass


What banks are eligible for Expedited Application Process? -

ANSWER✔✔-Composite 1 or 2


CRA - satisfactory


Compliance 1 or 2


WC under PCA


Not subject to any written agreement (formal or informal)


When can FDIC alternate exams with State? - ANSWER✔✔-Composite 1 or

2


Stable and improving 3 (confirmed by SCOR); no known adverse trends




End of one exam and start of next not exceed 12 (18) months.




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/35

,End defined as submission to RO or 60 days from start date


4 BSA Pillars - Part 326 - ANSWER✔✔-System of Internal Controls


Independent Testing


Designated BSA Officer


Provide Training to all employees


Section 6 of FDIC Act - New Bank Application Factors - ANSWER✔✔-1.

Adequacy of Capital Structure - T1C not less than 8% for 7 years. Initial

capital normally $2MM excess of any preopening expenses and an

adequate ALLL.




2. Convenience and Needs of community to be served.




3. Consistency of Corporate Powers with purposes of the FDI act




4. Financial History and Condition



Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/35

,5. Future Earnings Prospects




6. General Character of Management (#1)




7. Risk presented to DIF


Insiders per Regulation O - ANSWER✔✔-Directors


Principal Shareholders


Executive Officers


Related interest of above


- company controlled by insider, or political campiagn controlled by, or for

the benefit of, the insider


Unimpaired Capital & Surplus - ANSWER✔✔-Tier 1 Capital


Tier 2 capital


Excess ALLL


Executive Officers per Regulation O - ANSWER✔✔-Chairmen of the Board


Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/35

, President


Secretary


Treasurer


Cashier


VPs




Unless specifically excluded by Board Resolution and nonparticipatory in

policy making functions


Executive Officer and Director Overdrafts - ANSWER✔✔-May not pay

overdraft for XO or director (or of bank affiliates) unless:




written, preauthorized, interest bearing extension of credit plan that

specifies method of repayment




Written, preauthorized, transfer of funds from another account




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 4/35

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