Washington, D.C. – Community bankers nationwide shared a dismal outlook on economic conditions in the latest Community Bank Sentiment Index (CBSI), released today by the Conference of State Bank Supervisors (CSBS). The quarterly survey dropped to 83, falling two points from the previous quarter and to its lowest level since the survey began in 2019. Five of the seven components
By CSBS Chief Economist Thomas F. Siems, Ph.D. The CSBS first quarter 2023 Community Bank Sentiment Index (CBSI) indicates that community bankers are more pessimistic than at any time since the survey’s creation in 2019. Consistent with the 2022 quarterly CBSI surveys, three of the seven components plunged the index sharply lower: future regulatory burden, monetary policy expectations, and the
By CSBS Chief Economist Thomas F. Siems, Ph.D. Last month’s high-tech bank runs, liquidity complications and subsequent closure of three high-profile banks surprised many bankers and investors. While the FDIC and the Federal Reserve acted quickly to maintain confidence by providing a higher backstop for depositors and creating greater lending capacity for all financial institutions through the Fed’s Bank Term
CSBS today announced student teams from the following four universities have advanced to the final round of the 2023 CSBS Data Analytics Competition: Carnegie Mellon University Georgetown University Kennesaw State University William & Mary In the third year of the CSBS Data Analytics Competition, student teams developed data analytics models that examined the potential impact on community banks (earnings, deposits
Washington, D.C. – The Conference of State Bank Supervisors encourages community banks to participate in its tenth Annual Community Bank Survey, open now through June 30. This is an important opportunity for community banks to share their perspectives on community banking, the economy, regulation and supervision with state and federal policymakers. This year’s questions focus on current bank conditions and
The Federal Financial Institutions Examination Council (FFIEC) today announced the selection of Charles G. Cooper to the FFIEC’s State Liaison Committee (SLC) for the term that runs from May 1, 2023, through April 30, 2025. Concurrently, the SLC announced Mr. Cooper as its chairman for a one-year term that runs until April 30, 2024. Mr. Cooper is the Commissioner of
The Model Money Transmission Modernization Act, also known as the Money Transmitter Model Law, is a single set of nationwide standards and requirements created by industry and state experts. We speak with two CSBS experts on money transmission to learn how this model law came to be, what it accomplishes and how it's being implemented nationwide. Chapters 0:46 - What
Margaret Liu named General Counsel; Leonard Chanin joins as Chief Counsel to the President Washington, D.C. – The Conference of State Bank Supervisors (CSBS) announced today that it has named Margaret Liu as General Counsel and welcomed Leonard Chanin as Chief Counsel to the President. Both appointments are effective immediately. “I am thrilled to have Margaret and Leonard as part
The 2024 NMLS Annual Conference & Training featured an NMLS user experience station where system users were able to participate in research activities and engage with the NMLS team about the future of the system. This dedicated station was important because we rely on input from NMLS users − both regulators and industry − to help determine how we will
