Community Reinvestment Act (CRA)

14問 • 4ヶ月前

問題一覧

1. Which of the following institutions is exempt from the coverage of CRA? a. State National Bank of Ashgrove, a $15 million bank in a rural community, not located in an MSA b. Trust Company, Inc., an institution offering only trust services located in a large urban area c. ACME Savings Association, a federal thrift institution located in a medium-sized midwestern city, included in an MSA d. First National Bank, a $250 million bank located in a rural area, not in an MSA

2. Which of the following is NOT a requirement of CRA? a. To delineate the bank’s assessment area(s) b. To collect loan data c. To approve the bank’s CRA statement at an annual board meeting d. To report small business loan data

3. ABC National Bank, an independent, limited-purpose bank with $120 million in total assets located in a large urban area, is in the process of determining its option for its CRA evaluation. Unless the bank chooses otherwise, under which test will it be evaluated for CRA performance? a. The intermediate small bank performance standards b. The lending, investment, and service tests c. The community development test d. The lending test

4. QRS State Bank is being examined under the lending test. Which of the following is the most relevant criteria for the lending test? a. The distribution of the bank’s small business loans b. The racial and gender characteristics of QRS’s lending staff c. The location of QRS’s branches d. The services QRS offers to its community

5. Which of the following institutions could be examined for CRA under the intermediate small bank performance standard? a. Bank A, a $230 million bank b. Bank B, a $700 million bank c. Bank C, a $50 million bank d. Bank D, a $2 billion bank

6. In the small bank performance standards, which of the following is NOT a criterion? a. The bank’s CRA strategic plan b. The bank’s loan-to-deposit ratio c. The geographic distribution of loans d. The percentage of loans within the bank’s assessment area(s)

7. Which of the following is true of a bank’s CRA strategic plan? a. It must be limited to a one-year term b. It must have interim measurable goals c. Affiliates are required to have their own plans d. Even if the bank has multiple assessment areas, it is only allowed to have one strategic plan

8. A bank received a signed letter criticizing its performance in meeting the credit needs of the community, but not adversely reflecting upon any individual bank employee’s reputation. What must the bank do with this letter? a. Have it reviewed and discussed by the board of directors b. File it with the regional office of the bank’s federal regulator c. Retain it in the CRA public comment file d. Answer it within 10 business days

9. Which of the following criteria accurately describes a small business loan for which a large bank must annually report data? a. A loan to a business that employs fewer than 50 people b. A line of credit to a business with assets of less than $5 million c. A loan with an original principal amount of $1 million or less to a business d. A loan to a business that does not generally have access to regional or national credit markets

10. Which of the following must a “large” bank maintain as part of its CRA public file? a. A record of director, officer, and employee community involvement, and a listing of loans made to low-and moderate-income individuals b. Description of its assessment area, written comments and responses, and the public portion of the regulator’s most recent CRA performance evaluation c. Copy of the bank’s CRA Notice and the bank’s most recent five years of CRA disclosure statements d. A comprehensive record of all CRA-related training completed by employees during the past two years

11. A bank has been criticized by an examiner for less than satisfactory CRA performance. The bank must show improvement in its commitment to CRA. For the examiner, what would be LEAST effective in demonstrating the change? a. Informing the examiner that the bank does not plan to acquire or merge with another bank, so CRA is not a priority b. Giving the examiner an updated CRA public file c. Showing the examiner a list of community groups with which the bank has met in the past 24 months to discuss credit needs d. Showing the examiner results of the bank’s most recent geocoding analysis, indicating parity in the number of loans made in each census tract

12. Which of the following is the best method for a large bank to use in monitoring its CRA performance? a. Review the effectiveness of marketing materials b. Evaluate approval and denial rates for minority loan applicants c. Perform a quarterly evaluation of the bank’s loans-to-deposits ratio d. Perform a geographic analysis of lending levels and dispersion of loans

13. In evaluating a bank’s CRA performance, to what do bank examiners give the greatest consideration? a. Efforts to analyze the geographic origins of its deposit base b. Efforts to establish communication with members of the community regarding credit needs c. Participation of the bank’s board of directors in formulating CRA policy d. Extensions of credit the bank has made where the financing benefits low-and moderate-income borrowers or neighborhoods

14. What obligation does a bank have to disclose a covered CRA agreement to the relevant supervisory agency, 40 months after it terminates? a. It must maintain a copy in its CRA public file. b. It must send a copy to its regulatory agency upon request. c. It must send a copy to a member of the public upon request. d. It has no obligation to disclose these covered CRA agreements.

Truth in Lending

ユーザ名非公開 · 36問 · 4ヶ月前

Truth in Lending