American Bankers Association CRCM Exam - Topic 10 Question 89 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 89
Topic #: 10

[All CRCM Questions]

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

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

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

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

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

Show Suggested Answer

Suggested Answer: B

by Frankie at May 29, 2024, 09:06 PM

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Emily

4 months ago

Not sure about C, why would they need five years of disclosures?

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Kati

4 months ago

I agree with B, it's the most relevant info they need to keep.

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Alton

4 months ago

Wait, does D really need to be maintained? That seems excessive.

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Candra

4 months ago

I think A is also important, but B seems more comprehensive.

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Candra

4 months ago

Definitely B! It's essential for CRA compliance.

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Mariann

5 months ago

I recall something about community involvement being important, but I can't remember if it was specifically required. A feels a bit off to me.

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Emile

5 months ago

I practiced a question similar to this, and I think the assessment area details are crucial for CRA compliance. B seems right, but I could be wrong.

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Donette

5 months ago

I'm not entirely sure, but I feel like the CRA Notice and disclosure statements are important too. Maybe option C is also a contender?

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Allene

5 months ago

I think I remember that large banks need to provide a description of their assessment area and some public comments, so I might lean towards option B.

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I feel pretty confident about this question. The key is that it's asking specifically about the requirements for "large" banks, and the answer that covers that is B - the description of the assessment area, written comments, and CRA performance evaluation.

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Simona

5 months ago

Hmm, I'm a little unsure about this one. The CRA requirements can be tricky to remember, so I'll try to eliminate the answers that don't seem quite right. I'm leaning towards B, but I want to double-check the details.

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Linette

5 months ago

Okay, I think I've got this one. The question is asking about what a "large" bank must maintain as part of its CRA program, and the answer that covers that is B - description of assessment area, written comments, and CRA performance evaluation.

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Brynn

5 months ago

This question seems straightforward, but I want to make sure I understand the key details about CRA requirements for large banks. I'll carefully read through the answer choices to identify the one that best matches the question.

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Gerry

5 months ago

I'm a bit confused on this one. The CRA rules can be complex, and I'm not sure I fully understand the distinction between the requirements for large versus small banks. I'll have to think this through carefully before selecting an answer.

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Izetta

5 months ago

I remember studying structural equivalence, but that seems more about how similar members are rather than their influence.

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Laquita

5 months ago

This seems like a straightforward question about information security principles. I'll focus on protecting the confidentiality of the reports since the temporary workers shouldn't have access to them.

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Lilli

6 months ago

I feel like academic detailing was used to improve provider awareness, but I'm not entirely sure if that applies directly to formularies.

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Rodrigo

6 months ago

Hmm, this seems like a tricky one. I'll need to think it through carefully.

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Micah

10 months ago

I'm going with option B. It seems the most comprehensive and covers all the bases. Although, I do wonder if the bank has to maintain a list of employees who can actually pronounce 'CRA' correctly.

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Lettie

10 months ago

A comprehensive record of CRA-related training? That sounds like way too much paperwork. I'd rather just bake some cookies for the local community center and call it a day.

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Twana

9 months ago

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

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Regenia

9 months ago

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

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Barrett

9 months ago

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

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Arlyne

10 months ago

Hmm, I'm not sure about this one. Maybe I should have paid more attention during that CRA training session last year - I heard the instructor fell asleep halfway through.

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Aliza

10 months ago

I think the correct answer is B. The bank needs to maintain a description of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation.

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Shelton

9 months ago

User 3: Yes, that's right. It's important for the bank to have written comments and responses as well.

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Denise

9 months ago

User 2: I agree, the bank must maintain a description of its assessment area and the public portion of the regulator's most recent CRA performance evaluation.

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