Final answer:
The statement is FALSE. Examiners do evaluate earnings for institutions with total fiduciary assets of less than $100 million, based on the nature and complexity of their activities. The correct option is b) FALSE
Step-by-step explanation:
The statement is FALSE. Examiners do evaluate earnings for institutions with total fiduciary assets of less than $100 million. The size of an institution's fiduciary assets does not determine whether or not it is subject to examination. Instead, the decision to evaluate an institution's earnings is based on other factors such as the nature and complexity of the institution's activities.
For example, smaller institutions that participate in certain types of transactions, such as derivatives or complex investment strategies, may still be subject to examination. On the other hand, larger institutions that engage in more traditional and straightforward activities may not be subject to examination if their risk profile is low.
Therefore, it is important to note that the evaluation of earnings for institutions is not solely determined by the size of their fiduciary assets, but rather by a combination of factors that assess the nature and complexity of their activities. The correct option is b) FALSE