CSBS Comments on the Federal Deposit Insurance Corporation’s (FDIC) notice of proposed rulemaking to revise its regulations relating to the brokered deposits restrictions.
Read the full letter [PDF] The Honorable James Inhofe Chairman, Committee on Armed Services United States Senate Washington, DC 20510 The Honorable Jack Reed Ranking Member, Committee on Armed Services United States Senate Washington, DC 20510 Dear Chairman Inhofe and Ranking Member Reed, On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express our
While state regulators support maintaining fair and appropriate pricing of deposit insurance for institutions that use the CBLR, we believe that the proposed revisions to the deposit insurance assessment system are ultimately unnecessary because the CBLR should be defined as a Tier 1 leverage ratio.
In a comment letter to the FDIC, CSBS suggested changes to the regulatory treatment of brokered deposits and deposit interest cap methodology. Access the full letter [PDF] here.
CSBS strongly opposes the federal agency's plan to change the Community Bank Leverage Ration in way that may actually increase the burden on community banks, despite how the framework for the rule was intended to be drafted.
CSBS strongly opposes the federal agency's plan to change the Community Bank Leverage Ration in way that may actually increase the burden on community banks, despite how the framework for the rule was intended to be drafted.
When considering possible legislation on consumer privacy and security, state regulators call on federal policymakers to maintain a floor upon which states can add more stringent conditions and respond more quickly to emerging threats
In light of the significant implications for financial stability and the resiliency of the U.S. banking industry, state bank regulators believe it is important that agreement across all of the federal banking agencies should be reached before any proposed revisions to the eSLR are issued or adopted.
On behalf of the Conference of State Bank Supervisors (CSBS), I am writing to express our members’ strong support for your legislation, H.R. 3626, the Bank Service Company Examination Coordination Act.