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Exam CRCM topic 1 question 301 discussion

Actual exam question from ABA's CRCM
Question #: 301
Topic #: 1
[All CRCM Questions]

Bank B is a correspondent of Bank A. Which of the following must be included in Bank A's calculation of credit exposure to Bank B?

  • A. A loan to Mr. Pierce from Bank A secured by Bank B common stock
  • B. Bank B's purchase of U.S. government T-Bills on behalf of Bank A under an overnight repurchase arrangement
  • C. Bank A's deposit account of $1 million in Bank B
  • D. A letter of credit issued by Bank B and pledged against the ACME Company's debt at Bank A
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Suggested Answer: C 🗳️
by Cam22 at March 18, 2024, 1:18 a.m.

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Cam22
2 months ago
Selected Answer: C
When calculating credit exposure to a correspondent bank, Bank A would include its deposit accounts held at Bank B. This is because the deposit account represents exposure to Bank B in the form of funds held by Bank A with Bank B. Options A, B, and D represent exposures of Bank B to Bank A but are not relevant to Bank A's calculation of credit exposure to Bank B.
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