Minimum Security Devices

Question 1

Every bank must designate a security officer that does what

Answer 1

Develops and administers a written security program

Question 2

The officer must be designated by

Answer 2

The board of directors

Question 3

At a minimum the following should be installed and maintained by the bank

Answer 3

Lighting around the vault

Tamper resistance locks on exterior doors and windows

Alarm system to notify nearest law enforcement

A vault for cash and liquid valuables.

Question 4

Things to consider when considering devices needed

Answer 4

Crimes against the bank in the area

Amount of currency and valuables in the bank

Distance from police

Cost of security devices

Physical characteristics of bank

Question 5

Does the bank have to have a written security program

Answer 5

Yes

Question 6

Who has to approve the written security program

Answer 6

The board of directors and it has to be retained by the bank

Question 7

What must the security program provide guidance on

Answer 7

Opening and closing of offices

Safe keeping of valuables

Identiting persons who commit crimes against the bank

Question 8

How often does the security officer have to provide a report to the board regarding the effectiveness of the program

Answer 8

Annually