Which of the following transactions is subject to the provisions of Regulation O?

Time deposit account held by a director
Travel advance to an executive officer outstanding for less than 30 days
Extension of credit to a director of an unaffiliated, competing, noncorrespondent bank
Extension of credit to a member of the bank's board of directors

Answer(s): D

Which of the following transactions is subject to the provisions of Regulation O?

Time deposit account held by a director
Travel advance to an executive officer outstanding for less than 30 days
Extension of credit to a director of an unaffiliated, competing, noncorrespondent bank
Extension of credit to a member of the bank's board of directors

Answer(s): D

In a review of a bank's compliance with the Regulation O overdraft provisions, what should the compliance officer do?

Identify the related interests of all directors, executive officers, and principal shareholders
Examine the bank's overdraft reports for a selected time period
Examine the annual FFIEC-004 reports on indebtedness to correspondent banks
Examine the bank's latest report of condition and income

Answer(s): B

In a review of a bank's compliance with the Regulation O overdraft provisions, what should the compliance officer do?

Identify the related interests of all directors, executive officers, and principal shareholders
Examine the bank's overdraft reports for a selected time period
Examine the annual FFIEC-004 reports on indebtedness to correspondent banks
Examine the bank's latest report of condition and income

Answer(s): B

Free CRCM Exam Braindumps (page: 101)