FDIC Rules and Regulations Membership Advertisement Quiz

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According to FDIC guidance, is it required to display the official sign at automated teller machines (ATMs)?

No, it is not required at ATMs (correct)

It is required only at certain ATMs

Yes, it is required at all ATMs

It is required only at ATMs in specific locations

Under what circumstances should management be informed about the availability of the official sign from the FDIC?

If the official sign is damaged

If the official sign needs updating

If the official sign is not visible

If the official sign is missing or obsolete (correct)

When must the official advertisement statement 'Member FDIC' be included in advertisements?

Only when promoting deposit products (correct)

In all types of advertisements

In all advertisements related to banking services

Only when promoting non-specific banking products and services

What action should be taken if the official advertisement statement 'Member FDIC' is in a language other than English?

Prior written approval of the translation must be obtained from the FDIC Signup and view all the answers

What type of products are subject to review for compliance with restrictions on using the official advertising statement?

Both deposit and nondeposit products Signup and view all the answers

What does FDIC Rules and Regulation Part 343 primarily deal with?

Consumer protection in sales of insurance Signup and view all the answers

What does FIL 40-2010: Standard Deposit Insurance Coverage Amount of $250,000 Made Permanent; Official FDIC Sign Updated and Available primarily address?

Availability of official FDIC sign and standard deposit insurance coverage amount Signup and view all the answers

What should requests for membership advertisement indicate?

The number of each requested item needed and the name and address of the financial institution Signup and view all the answers

What should insured depository institutions include in their advertisements as prescribed by Part 328?

The official advertising statement Signup and view all the answers

What does Part 328 of the FDIC Rules and Regulations describe?

The official sign of the FDIC and its use by insured depository institutions Signup and view all the answers

What is included in the term 'insured depository institution' for purposes of Part 328?

Insured branches of a foreign depository institution Signup and view all the answers

What should be determined regarding the sale of nondeposit investment products or insurance products by a financial institution?

Whether such activities do not mislead consumers as to the products’ insured status Signup and view all the answers

What do the examination procedures assist examiners in reviewing?

Advertisements and signs for compliance with Part 328 of the FDIC Rules and Regulations Signup and view all the answers

What does Part 343 of the FDIC Rules and Regulations focus on?

Consumer Protection in Sales of Insurance Signup and view all the answers

What is prescribed by Part 343 regarding nondeposit investment products or insurance products sold on-premises?

Compliance with Interagency Statement on Retail Sales of Nondeposit Investment Products Signup and view all the answers

What does Part 343 aim to ensure about promotional materials related to nondeposit investment products or insurance products?

That they do not mislead consumers as to the products’ insured status Signup and view all the answers

FDIC Rules and Regulations Membership Advertisement Quiz

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