Washington, D.C. - CSBS President and CEO Brandon Milhorn remarked on the benefits of the dual banking system today in a keynote address at the Federal Reserve Bank of Atlanta’s annual banking outlook conference. Federal policy should respect local decision making and enable smaller institutions to serve their customers and communities. Milhorn called for federal policy that would reflect these
Statement from CSBS President and CEO Brandon Milhorn: “CSBS applauds the nomination of Governor Michelle Bowman to serve as the Vice Chairman for Supervision of the Federal Reserve Board of Governors. Governor Bowman has a wealth of supervisory and regulatory experience, from her roots in community banking to her focus at the Federal Reserve on appropriately tailored regulation for all
SES is an examination system built by state regulators for state regulators and the companies they supervise. The system connects agencies and companies in the examination process.
Keynote Remarks 2025 Fintech Conference: Bank-Fintech Partnerships|Distributed Ledger Technology|Regulation and Fintech Innovation Conference of State Bank Supervisors President and CEO Brandon Milhorn Federal Reserve Bank of San Francisco April 4, 2025 Thank you for that kind introduction. I would like to thank President Mary Daly and the San Francisco Fed for the opportunity to participate in this discussion of innovation
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
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
State regulators call for changes to support innovation, stability, and predictability Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today raised serious concerns about stablecoin legislation in a letter to House Financial Services Committee leadership. CSBS previously expressed similar concerns about the Senate stablecoin bill. “Without the adoption of critical changes, the legislation will fall short of establishing
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
Financial institutions collect and protect highly sensitive information every day. The financial services industry is a vital component of the nation’s critical infrastructure—banks and nonbank financial institutions are the cornerstones of local communities, intrastate commerce, and the U.S. economy. As CEOs, Executives, and/or Board Members, you have the responsibility to adequately protect the money and information entrusted to you by