Examinations Overview (2024)

Examinations are fundamental to the supervision of national banks. Examiners evaluate bank activities and management processes to ensure that banks operate in a safe and sound manner, do not take excessive risks, and comply with laws and regulations.

What is a bank examination?

The OCC examines national banks pursuant to the authority conferred by 12 USC 481 and the requirements of 12 USC 1820(d). These requirements establish minimum frequencies and scopes for examinations, known as the "supervisory cycle."

Two basic examination types:

1. Full-scope, on-site review of bank

  • Occurs once every "supervisory cycle" (generally, every 12–18 months)
  • Focuses on three main areas:
    • Competence of bank management
    • Quality of bank assets, principally loans ("safety and soundness")
    • Compliance with federal banking regulations

2. Review of specialty areas. Examiners are also required to ensure a bank is meeting its legal obligations in the following areas

  • Asset Management - includes trust and fiduciary activities, fiduciary-related services, transfer agent activities, and retail brokerage.
  • Bank Information Technology (BIT) - determining that the electronic records produced by a bank’s automated systems are valid and reliable.
  • Bank Secrecy Act (BSA) - verifying that a bank is keeping accurate records and filing necessary reports about currency transactions. Includes anti-money laundering measures and counter-terrorist financing measures.
  • Community Reinvestment Act (CRA) - the CRA requires that a bank's record in helping meet the credit needs of its entire community be evaluated periodically.

When and how the full-scope examination and the specialty examinations take place depends on the size and complexity of the bank. The exact process differs for

Related Links

Related News and Issuances

DateIDTitle
02/16/2024NR 2024-16Agencies Issue 2023 Shared National Credit Program Report
02/15/2024NR 2024-14OCC Releases Dodd-Frank Act Stress Test Scenarios for 2024
09/28/2023NR 2023-109OCC Releases Bank Supervision Operating Plan for Fiscal Year 2024
Examinations Overview (2024)

FAQs

Is C the most common answer? ›

I'm sure you've heard this at some point “if you don't know the answer, always guess C. because it's the most common correct option”. That's just a myth, and generally there are no most common answers on multiple choice tests.

How do you know if you've studied enough for an exam? ›

So, how do you know when you've studied enough? It's when you feel comfortable with the material and you're confident in your abilities to achieve the score you desire.

How will you pass the examination? ›

Top 10 tips for acing your exams!
  1. 1 Start preparing early. One of the most important factors for exam success is starting your preparation early. ...
  2. 2 Understand the exam format. ...
  3. 3 Take breaks. ...
  4. 4 Stay organized. ...
  5. 5 Use active study techniques. ...
  6. 6 Practice time management. ...
  7. 7 Get enough sleep. ...
  8. 8 Eat well.
Apr 24, 2023

Where can I find exam answers online? ›

Answers
  • Answers.com. User-powered question and answer platform. ...
  • Ask a Librarian. Online reference desk service from the Library of Congress. ...
  • Brainly. Post questions to a community of millions of students and teachers. ...
  • Chegg Study. ...
  • Dummies. ...
  • eHow. ...
  • PolitiFact. ...
  • Quora.

Should you guess B or C? ›

The truth is that it doesn't matter which letter you pick, only that you stick to the one you choose. The best strategy, and the one that will maximize your overall point gain, is to pick your favorite letter and fill it in for every blind guess.

Why C is so powerful? ›

C is one of the most powerful "modern" programming language, in that it allows direct access to memory and many "low level" computer operations. C source code is compiled into stand-a-lone executable programs.

How do I know if I'm overstudying? ›

Signs You're Overstudying
  • Your sleep schedule is extremely varied. ...
  • You feel physically and mentally lethargic. ...
  • You're spending more than half your free time studying. ...
  • You're not seeing positive performance results.
Oct 22, 2021

Is 5 days enough to study for an exam? ›

In general, plan to start about 7-10 days in advance to make sure you maximize your study time. Remember, it is better to space your studying out over a period of days rather than clustering your studying just before the exam. Ten hours of studying over 5 days is better than 10 hours of studying over 2 days!

How many hours a day should I study for my exam? ›

Your ideal study time hinges on several factors, including the extent of the material, your personal assessment of its difficulty, and the specific study methods that work best for you. However, a common approach is the "Hour-a-Day" rule, suggesting at least an hour of study each day for each exam.

Is two weeks enough to study for an exam? ›

If you're doing fine in a subject don't spend time studying for that. Some people like to make notes, but I recommend just doing lots of practice problems. Study groups and asking your teacher for advice also helps. Two weeks is a short amount of time, but if you really stick to your schedule you'll be fine!

Is 6 days enough to study for an exam? ›

By giving yourself six days to prepare, you've done yourself a big favor. Not only have you reduced the amount of study time needed per session, but you have also given yourself enough time to be perfectly prepped for your test.

Is one week enough to study for an exam? ›

Contrary to popular belief, cramming doesn't work. In fact, it can cause more harm than help. It's better to plan everything ahead of time and spread out your study periods for at least one week before the exam. In this way, you will have enough time to develop a deeper understanding of the subject.

Which app is best for finding answers? ›

Learn with Brainly — the world's most popular homework help app! Get quick solutions from students and Experts, while enjoying features that make studying fast, easy, and fun!

Can FlexiQuiz detect cheating? ›

With FlexiQuiz, you can view the amount of time your participants spend on each page and the whole quiz. Viewing the duration participants spend on your quiz can help in a few ways, such as: It helps to measure the student's understanding of a subject. Any unusual timings can help you identify potential cheating.

What letter is the most common answer? ›

However, the most general assumption is often that 'C' is the correct answer, due to which it can be called the most popular multiple choice answer.

Is C or C++ more common? ›

At the professional level, C++ is the far more common language worldwide. As mentioned earlier, many programming opportunities in the workforce require knowledge of C++ for consideration. More applications are written entirely in C++, and it's rare to find a program written in just C.

Is the letter C common? ›

C is the twelfth most frequently used letter in the English language (after E, T, A, O, I, N, S, H, R, D, and L), with a frequency of about 2.8% in words.

Why is C so popular? ›

Performance: C is a low-level programming language, which means it provides a lot of control over the hardware and allows for efficient use of resources. This makes it well suited for tasks that require a lot of computational power, such as operating systems, embedded systems, and video games.

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