Certified Regulatory Compliance Manager (CRCM) — Question 279

If a bank receives a request for financial disclosure, how may the bank fulfill this request?

Answer options

• A. Provide copies of the call reports covering the current and previous year
• B. Provide a copy of its statement of condition covering the year immediately preceding the request
• C. Provide a copy of its most recent, unaudited financial statement
• D. Provide copies of its Uniform Bank Performance Reports for three consecutive years

Correct answer: A

Explanation

The correct answer is A because call reports contain comprehensive financial information required for disclosure. Options B and C provide limited information that may not fully satisfy the disclosure request, while option D may provide historical data but not the most current financial status.