Session 6 — Bank Regulation • Quick True/False

Very short statements about regulators & rules. Click to see feedback instantly.

1) FDIC provides deposit insurance for banks.

True False

2) NCUA insures deposits at credit unions.

True False

3) OCC charters and supervises national banks.

True False

4) The Federal Reserve was created in 1934.

True False

5) The 1933 Banking Act created the FDIC and separated commercial & investment banking (Glass-Steagall).

True False

6) Gramm-Leach-Bliley (1999) created the FDIC.

True False

7) Dodd-Frank (2010) introduced supervisory stress tests and created the CFPB.

True False

8) The Volcker Rule allows unlimited proprietary trading by banks.

True False

9) EGRRCPA (2018) made all rules stricter for small banks.

True False

10) Basel III is a U.S.-only rule, not a global standard.

True False

11) LCR looks at a 30-day stress window.

True False

12) NSFR focuses on stable funding over one year.

True False

13) CET1 is Tier 2 capital.

True False

14) TLAC requirements apply only to the largest global banks (GSIBs).

True False

15) Deposit insurance is unlimited in all cases.

True False

16) Stress tests ask whether capital stays above minimums after severe hypothetical losses.

True False

17) Living wills are only required for the smallest community banks.

True False

18) The GENIUS Act (2025) created a federal framework for U.S. payment stablecoins.

True False

19) OCC supervises state non-member banks.

True False

20) NSFR and LCR are the same ratio with the same time horizon.

True False

Score: 0/20 correct

Tip: Remember the “names only” map — FDIC (banks), NCUA (credit unions), OCC (national banks), Fed (1913), 1933 Act (FDIC + Glass-Steagall), GLBA 1999 (affiliations), Dodd-Frank 2010 (stress tests, CFPB, Volcker), Basel III (CET1/LCR/NSFR), TLAC (GSIBs), GENIUS 2025 (stablecoins).