By Thomas F. Siems, Ph.D., CSBS Chief Economist After nearly three years, community banker sentiment is signaling an encouraging outlook. The CSBS third quarter 2024 Community Bank Sentiment Index (CBSI) indicates that community bankers are the most optimistic they have been since mid-2021, although some concerns persist. The Federal Reserve’s aggressive monetary policy tightening in 2022 and 2023, and the
CSBS completed phase one of NMLS modernization enhancements on July 20. Two key enhancements included introducing a new login experience and the ability for NMLS users with more than one NMLS account to access all their accounts using their new, single login. With these enhancements, CSBS set goals to track and achieve user change or “adoption” of the system changes
The FDIC should refrain from adopting a final rule based on its unilateral Change in Bank Control Act proposal, CSBS said in a comment letter. The proposal could make it more difficult for state nonmember banks with a parent holding company to access capital by creating unnecessary regulatory redundancies and uncertainties for active investors, passive investors, and their banking organization
Download the Full Comment Letter [PDF] October 18, 2024 James P. Sheesley, Assistant Executive Secretary Attention: Change in Bank Control Act – RIN 3064-AG04 Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Re: Regulations Implementing the Change in Bank Control Act Dear Sir: The Conference of State Bank Supervisors 1 (“CSBS”) provides the following comments on the
Washington, D.C. - Community bankers report an overall positive economic outlook for a third consecutive quarter, but their confidence in future business conditions is fading, according to the first quarter Community Bank Sentiment Index (CBSI) results. The Conference of State Bank Supervisors (CSBS) polls community banks nationwide quarterly to gauge their sentiment in seven economic components. A score of 100
By CSBS Chief Economist Thomas F. Siems, Ph.D. Community bankers indicated both greater optimism and more uncertainty in the CSBS first quarter 2025 survey. While optimism and uncertainty generally move in opposite directions, future expectations for three of the index’s components seem to create a thought-provoking narrative in these uncertain times. Community bankers’ optimism stems primarily from hopes that the
Download the Full Comment Letter [PDF] Jennifer Jones, Senior Counsel and Deputy Executive Secretary Attention: Comments/Legal OES (RIN 3064-ZA45) Federal Deposit Insurance Corporation 550 17th Street NW Washington, D.C. 20429 Re: Proposed Rescission and Reinstatement of Statement of Policy Dear Ms. Jones, The Conference of State Bank Supervisors 1 (“CSBS”) supports the Federal Deposit Insurance Corporation’s (“FDIC”) proposed rescission of
A simple change in how to view and access information in the State Examination System (SES) can lead to increased satisfaction. The ability to export exam-related data for money services businesses (MSBs) into a customized template can generate excitement. That is some of the feedback state agency users expressed after a new round of SES updates were introduced in April
Washington, D.C.- The Conference of State Bank Supervisors (CSBS) has named David Bleicken as its new senior vice president of product and business strategy. Bleicken will be responsible for advancing the strategic vision for a portfolio of regulatory technology products — most notably the State Examination System (SES), a core component of the Nationwide Multistate Licensing System® (NMLS) — to