A. Bank A, a $230 million bank

B. Bank B, a $700 million bank

C. Bank D, a $2 billion bank

D. Bank C, a $50 million bank

A. Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party

B. Penalties up to $8,500 per day for violations of laws and regulations

C. Penalties up to $9,500 per day for violations of laws and regulations

D. Penalties up to $37,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved

A. Using or threatening to use violence or to harm the physical person, reputation, or property of any person when collecting a debt

B. Allowing a telephone to ring repeatedly or engaging a person in telephone conversations repeatedly with the intent to abuse or harass

C. Making telephone calls without meaningful disclosure of the caller's identity

D. Using obscene, profane, or abusive language when communicating with anyone

A. Due to the risks, it should not implement such a program for subprime borrowers

B. The bank should set stringent debt-to-income ratios for these loans

C. The bank should make a policy for this program that includes mitigating factors for the risks

D. The bank should establish workout procedures for such loans in advance of making them.

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

A. Designation of individuals responsible for day-to-day compliance

B. All lobby notice requirements

C. A list of types of loans covered by the Act

D. The one-year record retention requirements

A. Send a wire transfer via its correspondent bank in New York for a commercial customer.

B. None. The bank can be liable for all.

C. Cash an on-us check over-the-counter for a noncustomer.

D. Sell a cashier's check payable to a third party.

A. Reserve Banks must receive cash items and other items (checks) at par

B. A foreign bank that maintains reserves under the International Banking Act of 1978

C. A sender other than a Reserve Bank may send any item to the Reserve Bank with which it maintains an account

D. The following parties are deemed to have handled items, in this order:
The initial sender
The initial sender's administrative Reserve Bank
The Reserve Bank that receives the item from the initial sender
Any other Reserve Bank that receives the item from a Reserve Bank

A. Elevate the issue to a higher authority to force the mortgage department unit to purchase the software

B. Document the fact that the level of risk present with manual systems is acceptable to the mortgage department business unit

C. Write a memo to the president of the bank that explains the risk assessment for this area

D. Nothing; the compliance professional's job is done with the completed research

A. Warranties for electronic items that are substitute checks

B. Warrants to each Reserve Bank handling the item that it has good title, that it is entitled to enforce the item, that the item has not been materially altered, and that the item bears all endorsements applied by parties that previously handled the item in paper or electronic form

C. The sender makes all of the warranties set forth in the Uniform Commercial Code (UCC) as if the item were subject to the UCC and makes all of the Regulation CC warranties as if the electronic item were a paper item subject to that regulation

D. Never authorizes the Reserve Bank to handle the item based on this regulation and the Reserve Bank's circulars

A. Charge customers "inactive/unclaimed" fees for accounts that are dormant

B. Publish in a local paper the owners' names of accounts that will escheat

C. Discontinue paying interest on dormant accounts

D. Mail a notification to customers whose accounts may escheat to the state

A. Tamper-resistant locks on exterior windows and doors

B. Full-time security guard

C. Vault door made of steel that is at least 3 inches thick

D. Bullet-proof glass at all windows

A. The making or renewal of any loan or granting of a line of credit

B. An advance against accrued salary

C. An acquisition of a note on which an insider is a maker, drawer, or guarantor

D. An advance by means of an overdraft or cash item

A. Nothing. Disclosures are required only when the contract is made.

B. Give the customer the short-form disclosures orally.

C. Give the customer the long-form disclosures.

D. Give the customer the short-form disclosures in writing.