The CSBS Q4 CBSI indicates that community bankers are more pessimistic than they were in the previous quarter and near its lowest level recorded in the second quarter of 2022.
By CSBS Chief Economist Thomas F. Siems, PhD Don’t ask an economist if you want a timely prognosis on whether the nation’s economy is in a recession. Ask a community banker instead. Four years ago, CSBS launched its Community Bank Sentiment Index ( CBSI), which is now available on the federal Reserve Economic Data, known as the FRED. The CBSI
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP‐1788 Re: Guidelines for Evaluating Account and Services Requests Dear Ms. Misback: The Conference of State Bank Supervisors (“CSBS”) appreciates the opportunity to comment on the proposed amendments to the Federal Reserve Board’s (“Board”) Guidelines for Evaluating
Washington, D.C. – Six student teams from across the nation have advanced to the second round of the 2023 Data Analytics Competition, the Conference of State Bank Supervisors announced today. The annual competition this year required students to develop a data analytics model that examines the potential impact on banks, such as earnings, deposits and asset quality, from the recent
FinCEN should be more explicit in its inclusion of state regulators as agencies that can request access to its forthcoming beneficial ownership information database, the Conference of State Bank Supervisors (CSBS) said in a comment letter submitted today. The Corporate Transparency Act requires a wide range of entities to report their beneficial ownership information to FinCEN. It also tasks FinCEN
Download the Comment Letter Financial Crimes Enforcement Network Policy Division P.O. Box 39 Vienna, VA 22183 FINCEN‐2021‐0005 RIN 1506‐AB49/AB59 Re: Notice of Proposed Rulemaking ‐ Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 appreciates the opportunity to comment on the Notice of Proposed
Washington, D.C. – Forty student teams from 34 universities across the nation have entered the Conference of State Bank Supervisors (CSBS) 2023 Community Bank Case Study Competition. The competition is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry. This year’s competition asks students to look at how
Download the Letter [PDF] The Honorable Patrick McHenry Chairman, Committee on Financial Services U.S. House of Representatives Washington, DC 20510 The Honorable Maxine Waters Ranking Member, Committee on Financial Services U.S. House of Representatives Washington, DC 20510 Dear Chairman McHenry and Ranking Member Waters: On behalf of the Conference of State Bank Supervisors (CSBS), I am writing to express our
Over the last decade, money services businesses like Western Union and PayPal have increased in size and scope across the United States. In 2021, they handled $6 trillion in payments for U.S. consumers, a 117% increase from 2020. State financial regulators, who license and regulate these companies, have taken action to meet the changing needs of this growing sector. Several
Washington, D.C . – CSBS announced a public comment period for proposed uniform state licensing standards for mortgage companies. “Adopting a standardized approach for mortgage industry licensing will help increase uniformity within the state system,” said Vickie Peck, CSBS executive vice president of products and solutions. “In turn, uniform standards will streamline the licensing process for mortgage companies seeking licensure