Record keeping requirements-12 CFR 215.8 elaborates that:
Record keeping requirements-12 CFR 215.8 elaborates that:
The recordkeeping requirements specified in 12 CFR 215.8 mandate that banks must establish a system to ensure compliance with Regulation O. This includes maintaining records of credit to insiders, possibly using alternative methods if approved by the regulatory agency, and ensuring all systems include either an annual survey to identify related interests or a mechanism for borrowers to indicate insider status during credit extensions. Therefore, all the statements provided are correct and encompassed in the requirements, making 'All of these' the correct answer.
The statement provided in option D accurately summarizes the recordkeeping requirements outlined in 12 CFR 215.8. These requirements include establishing a recordkeeping system to ensure compliance with Regulation O, allowing banks to use alternative recordkeeping methods if approved by the regulatory agency, and mandating the maintenance of records for all credit transactions involving insiders, including the amounts and terms.