Martha Smith of First National Bank is attempting to close a large commercial loan to a manufacturing equipment company. In negotiating the interest rate on the loan Martha states that if the company will move some of its demand accounts to the bank, it could get a lower interest rate. Is this wrong?

No. The bank may condition the loan on the customer placing a deposit in the bank.

Yes. It violates the anti-tying provisions.

Yes. It is a restraint of trade.

No, unless moving the accounts is a condition of the loan..

Which of the following is NOT a written record the bank should retain in complying with the Bank Bribery Act?

A list of all gifts received by bank officers during the year

A copy of the bank's internal code of conduct

Disclosures of unauthorized gifts

A list of all bank officers' outside business interests

Several types of loan-related data appear in the following list. Which type of data is NOT required to be reported under HMDA?

Data on loans to purchase residential lots

Data on unsecured home improvement loans

Data on refinancings of home purchase loans

The BSA officer has just been notified by the chief operations officer that, due to a glitch in the bank's OFAC interdiction software, wires have been regularly transmitted to a bank on the SDN list. Based on the OFAC Enforcement Guidance, what should the BSA Officer do FIRST to attempt to mitigate any penalties?

Stop and hold all wires to the bank on the SDN list

Review the OFAC wire policies and procedures to determine how the errors occurred

Investigate the customer who sends these wires

Self-report the activity to OFAC

Which of the following must a ''large'' bank maintain as part of its CRA program?

Description of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation

Listing of director, officer, and employee community involvement, and a listing of loans made to low- and moderate-income individuals

Copy of the bank's CRA Notice and the bank's most recent five years of CRA disclosure statements

A comprehensive record of all CRA-related training completed by employees during the past two years 696 AMERICAN BANKERS ASSOCIATION

Free American Bankers Association CRCM Exam Practice Questions & Explanations

Last updated on: Aug 26, 2026
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