Who Regulates State-Chartered, Non-Fed-Member, Non-FDIC Insured Banks

question 45

Multiple Choice

Who regulates state-chartered, non-Fed-member, non-FDIC insured banks?

• A)the Federal Deposit Insurance Corporation
• B)the Comptroller of the Currency
• C)the Fed
• D)the state in which the bank is chartered

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Definitions:

Noncumulative Nonparticipating

Noncumulative nonparticipating refers to a type of preferred stock where dividends do not accumulate if not declared and the stockholders do not participate in additional corporate earnings beyond the specified dividend rate.

Cash Dividends

Payments made by a company to its shareholders, usually in the form of cash, out of its profits or reserves.

Stated Rate

The annual interest rate declared on a financial instrument, such as a bond, without accounting for compounding within a year.

Nonparticipating

A term often used in insurance to describe a policy that does not grant the holder the rights to share in the insurer's surplus or dividends.