Minimum Security Devices

Question 1

According to federal regulations, what must a security officer do when establishing a bank security program?

a. Survey competitors’ security procedures
b. Hire uniformed armed guards to monitor the bank lobby
c. Modify the cash vault to meet minimum wall thickness standards
d. Institute procedures for testing security devices periodically

Answer 1

d. Institute procedures for testing security devices periodically

Question 2

Which of the following types of security devices is required for each bank, at minimum, under the Bank Protection Act?

a. Full-time security guard
b. Tamper-resistant locks on exterior windows and doors
c. Vault door made of steel that is at least 3 inches thick
d. Bullet-proof glass at all windows

Answer 2

b. Tamper-resistant locks on exterior windows and doors

The regulations only prescribe four specific security devices: a means of protecting valuables, a lighting system around the vault, tamper-resistant locks, and an alarm system. Any additional security devices deemed appropriate by the bank’s security officer and board of directors are acceptable under the regulation, assuming they adequately protect the bank.

Question 3

First National Bank is a newly chartered bank. Which of the following security-related procedures is NOT required under the Bank Protection Act?

a. Appoint a security officer
b. Write a security program
c. Hire a security consultant to inspect the bank for the effectiveness of the bank’s security devices
d. Write procedures to assist in preserving evidence of crimes

Answer 3

c. Hire a security consultant to inspect the bank for the effectiveness of the bank’s security devices

Question 4

Which of the following sets of policies or procedures is NOT a requirement of a security program?

a. Policies addressing what to do in case of a robbery
b. Procedures for opening the bank at the beginning of the day
c. Procedures for keeping customer information private
d. Policies addressing periodic reporting to the board of directors

Answer 4

c. Procedures for keeping customer information private

Safeguarding customer information is not covered under the requirements for a security program. It is, however, covered under the privacy regulation discussed under Interagency Guidelines Establishing Standards for Safeguarding Customer Information.

Question 5

T/F: The Bank Protection Act mandates annual training of security.

Answer 5

True