Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP-1747 Re: Supplemental Notice - Proposed Guidelines for Evaluating Account and Services Requests Dear Ms. Misback, The Conference of State Bank Supervisors (“CSBS” or “state bank regulators”) appreciates the opportunity to comment on the Supplemental Notice of
Dear Representatives Pelosi, McCarthy, Waters, and McHenry: On behalf of the Conference of State Bank Supervisors (CSBS) 1, I write to request that you retain the Secure and Fair Enforcement Banking Act of 2021, the SAFE Banking Act, in the conference agreement of the America COMPETES Act. By granting a safe harbor for financial institutions, Congress can bring regulatory clarity
Dear Senators Schumer, McConnell, Brown, and Toomey: On behalf of the Conference of State Bank Supervisors (CSBS)1, I write to request that you retain the Secure and Fair Enforcement Banking Act of 2021, the SAFE Banking Act, in the conference agreement of the America COMPETES Act. By granting a safe harbor for financial institutions, Congress can bring regulatory clarity to
James P. Sheesley, Assistant Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 RIN 3064-ZA31 Re: Request for Comment on Rules, Regulations, Guidance, and Statement of Policy on Bank Merger Transactions Dear Mr. Sheesley, The Conference of State Bank Supervisors (“CSBS”) 1 appreciates the opportunity to provide input on the Request for Comment on Rules, Regulations
A modernized regulatory framework for bank merger transactions should reflect changes in financial services, the diversity of consumer and small business needs and the interests of community banks, CSBS said in a comment letter to the FDIC. The FDIC has solicited comments as it undertakes a comprehensive review of all aspects of the existing regulatory framework applicable to bank merger
The Honorable Jesus “Chuy” Garcia U.S. House of Representatives Washington, D.C. 20515 Dear Representative Garcia: On behalf of the Conference of State Bank Supervisors (CSBS), [1] I write to express our concern regarding legislation Congress is considering eliminating the exemption for industrial loan companies (“ILCs”) from the definition of a bank under the Bank Holding Company Act (“BHCA”). State regulators
By CSBS Chief Economist Thomas F. Siems, Ph.D. The slope of the U.S. yield curve, or the difference between the yield on the 10-year Treasury note and the 2-year Treasury bill, appears to be an important indicator of community bankers’ expectations for future business conditions. As shown in the nearby chart, turning points in community bankers’ outlook for future business
Washington, D.C. — The Conference of State Bank Supervisors Board of Directors has announced the appointment of James M. Cooper as president and CEO. Cooper had served as acting president and CEO after the sudden death of CSBS leader John W. Ryan on May 16. Cooper’s appointment follows a nine-year tenure at CSBS, during which he directed policy and supervision
Washington, D.C.— Community bankers’ collective view of future business conditions and the economy plummeted in the last quarter, according to the Community Bank Sentiment Index (CBSI), released today. While the start of the year showed some concerns, the second-quarter 2022 CBSI dove to 84 points, down 13 points from the last quarter. The current value is its lowest level since
Washington, D.C.- The Conference of State Bank Supervisors (CSBS) today named the student team from James Madison University as winners of the 2022 Community Bank Case Study Competition. The annual competition provides undergraduate students with valuable first-hand insight into the banking industry. This year, student teams partnered with local community banks to examine how community banks have navigated changes over