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ABA CRCM Practice Test - Questions Answers, Page 30

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Question 291

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Second National has decided to close one of its less profitable neighborhood branches. Which of the following actions is NOT required of the bank under federal law?

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Question 292

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Big Nationwide Bank has decided to close one of its smaller branches in Texas. A community association from the small town where the branch is located is not pleased with the decision because Big Nationwide's branch is the only financial institution in the small town. The community group complains to the federal agency that regulates Big Nationwide. What must Big Nationwide do in light of this protest against its decision to close the branch?

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Question 293

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In which of the following cases is a branch closing notice required?

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Question 294

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A bank has a stand-alone ATM in a high crime are A . Due to concerns for the safety of individuals using the ATM, management decides to close it. According to branch closing policy statements issued by federal regulators, which of the following actions should the bank take?

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Question 295

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Which of the following must be included in a branch closing notice to a bank's regulatory agency?

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Question 296

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A bank is planning to sell eight branches. The compliance officer participates on a bank committee to oversee the process. What should be the compliance officer's PRIMARY concern?

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Question 297

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If a bank receives a request for financial disclosure, how may the bank fulfill this request?

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Question 298

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Which of the following actions is acceptable under the financial reporting regulations?

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Question 299

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A bank may include all of the following in the narrative portion of its financial disclosure except for one. Which of these pieces of information CANNOT be disclosed?

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Question 300

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Which of the following sources is the least desirable to use when monitoring a correspondent bank's capital?

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