At least once in a year,banks in the United States are required to report the composition of their loan portfolio by purpose of loan on a report form known as Schedule
A.

Question

Quizplus · Accepted Answer

This statement is true. Banks in the United States are required to report the composition of their loan portfolio by purpose of loan on Schedule A, which is a report form used by the Federal Financial Institutions Examination Council (FFIEC). This information is used to assess the risk exposure of banks to different categories of loans, such as commercial, residential, and consumer loans.

At Least Once in a Year,banks in the United States