Skip to main content

Senate Banking Committee Approves Kansas State Bank Commissioner Bowman Nomination to Fed

The Senate Banking Committee today approved the nomination of Kansas State Bank Commissioner Michelle Bowman to the Federal Reserve Board, clearing the way for a full Senate vote.

If confirmed, Bowman would be the first person to fill a seat designated by Congress in 2014 for someone with community banking experience. CSBS partnered with industry to get the designation into law. 

Bowman is a lawyer and fifth-generation banker who held a senior role at Farmers and Drovers Bank, Council Grove, Kan., before becoming the state’s commissioner in 2017.  

John Ryan, CSBS President and CEO, applauded the panel’s vote. 

“Miki Bowman’s nomination to the Federal Reserve Board highlights the important role of state banks and state supervision in our national financial system,” Ryan said in a statement. “CSBS strongly advocated for a seat on the Fed Board designated for community bank and state supervisory experience. I am delighted to see the committee’s endorsement of Bowman who has served both in community banking and as a state regulator and wish her a speedy confirmation.” 

The Senate Banking Committee also today approved Richard Clarida's nomination to be Fed Vice Chairman. 

The Fed has four vacancies on its seven-member board of governors. The panel earlier approved Marvin Goodfriend for a seat on the Fed's Board of Governors. All three nominations are being considered by the full Senate. 
 

Recent Blog Posts

Blog post
Molly Dillon, Vermont Department of Financial Regulation Deputy Commissioner of Banking, describes the process of making the state's nonbanking licensing laws more streamlined and easier to navigate for both regulators and industry.
Jul 10, 2019
Blog post
Community banks have until July 15 to participate in the 2019 CSBS National Survey of Community Banks
Jun 28, 2019
Blog post
CSBS Chairman and South Dakota Division of Banking Commissioner Bret Afdahl identifies leading CSBS priorities.
Jun 26, 2019
Blog post
Fintech consultants interview Margaret Liu on fintech regulation, the technologies state regulators use to oversee nonbank financial sectors, and the latest on Vision 2020
Jun 20, 2019
exit