CRAsh Course: Bank to The Past Webinar

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Question 1 of 10

1. Question
1. As of 2025, what is the CRA asset size threshold for a Large Bank?
A. Greater than or equal to $402 million as of December 31st of both prior 2 calendar years
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B. Less than $1.609 billion as of December 31st of either of the prior 2 calendar years
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C. Greater than or equal to $1.609 billion as of December 31st of both prior 2 calendar years
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D. Less than $402 million as of December 31st of either of the prior 2 calendar years
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Question 2 of 10

2. Question
1. When was the CRA originally signed into law?
A. 1989
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B. 1978
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C. 1995
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D. 1977
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Question 3 of 10

3. Question
1. Which tests will usually apply to a Large Bank?
A. Deposit Test, In/Out Ratio, Foreign Bank Assessment
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B. Geography Test, Hydrology Test, Rock Formation Test
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C. Lending Test, Service Test, Investment Test
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D. Wholesale and Limited Purpose Test
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Question 4 of 10

4. Question
1. Which is the most accurate description of a “nonmetropolitan area” for CRA purposes?
A. A geography designated as distressed or underserved
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B. A median family income of less than 80% of the area's median income
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C. An area that is not in an MSA
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D. Population less than 50,000
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Question 5 of 10

5. Question
1. What does the acronym “LMI” stand for?
A. Low- to Moderate-Income
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B. Less than Median Income
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C. Low- to Middle-Income
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D. Lending and Mortgage Investments
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Question 6 of 10

6. Question
1. A bank is considered an “Intermediate-Small Bank” if its asset size is greater than $402 million as of December 31st of both prior two calendar years AND less than $1.609 billion as of December 31st of which period?
A. Either of the prior 2 calendar years
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B. Both prior 2 calendar years
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C. The last calendar year
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D. The last three calendar years
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Question 7 of 10

7. Question
1. What is a “community development” activity that promotes economic development?
A. Financing businesses or farms with gross annual revenues of $1 million or less
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B. Financing businesses or farms that have GAR of $5m or less
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C. Financing businesses or farms by offering loans of $1m or less
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D. Financing businesses or farms located in LMI areas
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Question 8 of 10

8. Question
1. How many days is a bank provided to deliver its Public File to a requestor at its main office?
A. 0 days / upon request.
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B. 5 business days.
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C. 5 calendar days.
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D. This is not required.
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Question 9 of 10

9. Question
1. What is the title of the “responsible official” at the Federal Reserve Bank for purposes of a CRA Public Notice?
A. Officer in Charge of Supervision
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B. Principal CRA Examiner
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C. CEO of [Insert Bank Name]
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D. CRA Officer
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Question 10 of 10

10. Question
1. What does “geography” mean in the CRA regulations?
A. County
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B. Census Tract
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C. State
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D. Metropolitan Statistical Area (MSA)
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