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Exam CRCM topic 1 question 279 discussion

Actual exam question from ABA's CRCM
Question #: 279
Topic #: 1
[All CRCM Questions]

Which of the following transactions does NOT require prior approval of the Federal Reserve Board?

  • A. The formation of a bank holding company
  • B. The acquisition by a bank holding company of a subsidiary
  • C. The acquisition of 25 percent of voting stock of a bank by another bank, in good faith, in its fiduciary capacity with no power to vote
  • D. The acquisition of 25 percent of voting stock of a bank by another bank in its fiduciary capacity for the benefit of the acquiring bank's employees
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Suggested Answer: C 🗳️
by Cam22 at March 17, 2024, 3:06 a.m.

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Cam22
4 months ago
Selected Answer: C
This transaction does not require prior approval of the Federal Reserve Board. Generally, the acquisition of voting stock by another bank in its fiduciary capacity with no power to vote is exempt from requiring prior approval. Options A, B, and D typically require prior approval of the Federal Reserve Board:
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C (25%)
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