2022-11-11T09:40:17-06:00 2021-12-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2021-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS CONF 2022962840 1129 20TH STREET NW 900 WASHINGTON DC 20036 LEILA GREEN EXECUTIVE VICE PRESIDENT/CFO 2022962840 2022-11-02 1 LEILA GREEN 999009999 ELIZABETH W HELLER P00397829 2022932200 2022-11-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JAMES M COOPER 1129 20TH STREET NW 900 WASHINGTON DC 20036 119445355 0 X WWW.CSBS.ORG X 1996 DC CSBS SERVES AS A FORUM FOR POLICY AND SUPERVISORY PROCESS DEVELOPMENT FOR STATE REGULATORS. WE FACILITATE EFFECTIVE AND EFFICIENT STATE REGULATION THROUGH TRAINING, EDUCATIONAL PROGRAMS AND EXAMINER TOOLS. CSBS, ON BEHALF OF STATE REGULATORS, ALSO OPERATES THE NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY (NMLS) TO LICENSE AND REGISTER NONBANK FINANCIAL SERVICE PROVIDERS. 20 20 201 99 0 0 0 0 92015891 114424808 1701061 2082967 2233822 2937580 95950774 119445355 2205275 1306026 0 0 29701652 30165675 0 0 0 54658619 60086584 86565546 91558285 9385228 27887070 225397984 259861102 25987565 31202345 199410419 228658757 X THE MISSION OF THE CSBS IS TO SUPPORT STATE REGULATORS IN ADVANCING THE SYSTEM OF STATE FINANCIAL SUPERVISION BY ENSURING SAFETY, SOUNDNESS AND CONSUMER PROTECTION; PROMOTING ECONOMIC GROWTH; AND FOSTERING INNOVATIVE, RESPONSIVE SUPERVISION.THE STATE BANKING DEPARTMENTS REGULATE VARIOUS TYPES OF FINANCIAL ACTIVITY WITHIN THEIR JURISDICTIONS, INCLUDING INSURED DEPOSITORY INSTITUTIONS SUCH AS BANKS, CREDIT UNIONS AND THRIFTS, AND NONBANK FINANCIAL SERVICES PROVIDERS, SUCH AS MORTGAGE LENDERS AND MORTGAGE BROKERS, CONSUMER FINANCE LENDERS, PAYDAY LENDERS, CHECK CASHERS AND MONEY SERVICES BUSINESSES (MSB). 0 0 70161665 42000 107951250 NMLS, THE LARGEST ONGOING PROGRAM OPERATION, IS A WEB-BASED SYSTEM THAT ALLOWS STATE-LICENSED NONBANK COMPANIES, BRANCHES AND INDIVIDUALS IN FINANCIAL SERVICES TO APPLY FOR, AMEND, UPDATE OR RENEW A LICENSE ONLINE FOR ALL PARTICIPATING STATE AGENCIES USING A SINGLE SET OF UNIFORM APPLICATIONS. NMLS BRINGS GREATER UNIFORMITY AND TRANSPARENCY TO NONBANK FINANCIAL SERVICES WHILE MAINTAINING AND STRENGTHENING THE ABILITY OF STATE REGULATORS TO MONITOR FINANCIAL SERVICES AND PROTECT THEIR CITIZENS. MORTGAGE LOAN ORIGINATORS EMPLOYED BY INSURED DEPOSITORY INSTITUTIONS OR THEIR SUBSIDIARIES ARE REGISTERED THROUGH NMLS IN ACCORDANCE WITH FEDERAL REGULATIONS. NMLS BEGAN OPERATIONS ON JAN. 2, 2008. CSBS OPERATES NMLS ON BEHALF OF STATE REGULATORS. THE SECURE AND FAIR ENFORCEMENT OF MORTGAGE LICENSING ACT OF 2008 INTRODUCED REQUIREMENTS FOR MORTGAGE LICENSEES, SUCH AS CRIMINAL BACKGROUND CHECKS, A CREDIT HISTORY REVIEW, PRE-LICENSURE EDUCATION REQUIREMENTS AND TESTS WITH BOTH NATIONAL AND STATE LAW CONTENT EACH APPLICANT MUST PASS TO OBTAIN A LICENSE.MAJOR NMLS PROGRAM MILESTONES ACHIEVED IN 2021 INCLUDE:--> EXCEEDING THE ONBOARDING GOALS FOR THE STATE EXAMINATION SYSTEM (SES), ADDING 49 AGENCIES IN JUST ONE AND A HALF YEARS.--> ACHIEVING KEY POLICY MILESTONES ON THE PATH TO NMLS MODERNIZATION: COMPLETING PUBLIC COMMENT PERIODS FOR BOTH THE CORE REQUIREMENTS PROPOSAL AND MSB BUSINESS-SPECIFIC REQUIREMENTS PROPOSAL. --> HOLDING THE 2021 NMLS ANNUAL CONFERENCE & TRAINING VIRTUALLY, DRAWING APPROXIMATELY 1,000 ATTENDEES, INCLUDING MORE THAN 470 STATE REGULATORS. IN ADDITION:--> SIXTY-SIX STATE AGENCIES MANAGED THE FOLLOWING DIFFERENT LICENSE OR REGISTRATION TYPES: 463 COMPANY, 285 BRANCH AND 76 INDIVIDUAL. --> AT THE END OF 2021, NMLS CONTAINED ACTIVE STATE LICENSES OR FEDERAL REGISTRATIONS FOR OVER 38,000 UNIQUE COMPANIES AND OVER 608,000 INDIVIDUAL LICENSED OR REGISTERED MLOS. --> CSBS ADMINISTERED APPROXIMATELY 93,000 SAFE MLO NATIONAL TESTS, REPRESENTING A 28% INCREASE OVER 2020. NMLS COURSE PROVIDERS ALSO DELIVERED OVER 2.4 MILLION HOURS OF PRELICENSURE EDUCATION AND 1.9 MILLION HOURS OF CONTINUING EDUCATION.--> TWO PUBLIC NMLS OMBUDSMAN MEETINGS INCLUDED MEMBERS FROM THE INDUSTRY. --> NMLS PROCESSING FEES REMAINED UNCHANGED FOR THE THIRTEENTH STRAIGHT YEAR OF SYSTEM OPERATIONS. 8445157 6473558 THE GOVERNMENT RELATIONS FUNCTION OF CSBS IS THE RESPONSIBILITY OF THE POLICY AND SUPERVISION DIVISION. THE DIVISION COVERS LEGISLATIVE ISSUES AND ADVOCACY, REGULATORY POLICY, BANK SUPERVISION PRACTICES AND COORDINATION, NONBANK SUPERVISION AND CONSUMER PROTECTION. THE WORK OF THE DIVISION FOCUSES ON THE DIVERSITY OF THE BANKING INDUSTRY, TAILORING REGULATION AND ENGAGING WITH FEDERAL REGULATORY PARTNERS. STAFF IS ALSO ENGAGED ON EFFORTS TO ENHANCE THE EFFECTIVENESS OF STATE SUPERVISION OF BANKS AND NONBANK ENTITIES, INCLUDING FINANCIAL TECHNOLOGY, OR FINTECH, COMPANIES. WE DEDICATE CONSIDERABLE TIME AND RESOURCES TO ASSISTING THE STATES IN THE COORDINATION OF MULTI-STATE SUPERVISION OF THE NONBANK MORTGAGE INDUSTRY WITH THE CONSUMER FINANCIAL PROTECTION BUREAU.COLLECTIVELY, OUR GOAL IS TO ENSURE THE STATE FINANCIAL REGULATORY SYSTEM IS STRONGLY REPRESENTED IN THE FORMATION OF FEDERAL PUBLIC POLICY. WE MEET THIS GOAL BY MAINTAINING REGULAR CONTACT WITH STATE SUPERVISORS TO BE AWARE OF CURRENT ISSUES AND COORDINATE BEST PRACTICES FOR THE BENEFIT OF THE SYSTEM. 365364 0 COMMUNICATIONS SUPPORTS CSBS PRIORITIES THROUGH STRATEGY AND INFRASTRUCTURE; THE COMMUNICATIONS TEAM MANAGES AND STRENGTHENS CSBS'S VOICE, MESSAGING AND IDENTITY ACROSS AUDIENCES THROUGH MESSAGING, MEDIA RELATIONS, EDITORIAL CONTENT AND DIGITAL MARKETING, INCLUDING THE CSBS WEBSITE AND SOCIAL MEDIA CHANNELS. 1264026 1264026 CSBS PROVIDES ANNUAL OPERATING SUPPORT TO THE CSBS EDUCATION FOUNDATION, A RELATED 501(C)(3) EDUCATIONAL FOUNDATION, TO ASSIST THE FOUNDATION IN CARRYING OUT ITS MISSION. 1264026 1264026 80236212 1 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 59 0 1 201 1 0 0 0 0 0 0 0 0 0 0 1 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LEILA GREEN 2022962840 1129 20TH STREET NW 900 WASHINGTON DC 20036 MELANIE HALL CHAIR (FROM 6/21) 3.00 0.00 X X 0 0 0 TOM FITE CHAIR ELECT (FROM 6/21) 3.00 1.00 X 0 0 0 LISA KRUSE VICE CHAIR (FROM 6/21) 3.00 1.00 X X 0 0 0 CHARLIE CLARK TREASURER (FROM 6/21) 3.00 1.00 X X 0 0 0 TONY SALAZAR SECRETARY (FROM 6/21) 3.00 0.00 X X 0 0 0 KEVIN HAGLER IMMEDIATE PAST CHAIR (FROM 6/21) 3.00 0.00 X 0 0 0 IRIS IKEDA MEMBER-AT-LARGE (FROM 6/21) 3.00 0.00 X 0 0 0 JEFF PLAGGE MEMBER-AT-LARGE (FROM 6/21) 3.00 0.00 X 0 0 0 KELLY LAMMERS CSBSEF BOARD CHAIR (FROM 6/21) 3.00 1.00 X 0 0 0 ALBERT FORKNER SRR CHAIR 3.00 0.00 X 0 0 0 MARY GALLAGHER LEG CMTE CHAIR 3.00 0.00 X 0 0 0 RHOSHUNDA KELLY REG CMTE CHAIR (FROM 6/21) 3.00 0.00 X 0 0 0 ED GILL NDS CMTE CHAIR (FROM 6/21) 3.00 0.00 X 0 0 0 RICK GREEN SSPC CHAIR (FROM 6/21) 3.00 0.00 X 0 0 0 MIKE HILL CO-CHAIR, BAB (FROM 6/21) 3.00 0.00 X 0 0 0 ANDY ANDERSON CO-CHAIR, BAB 3.00 0.00 X 0 0 0 JORGE PEREZ DISTRICT I CHAIR (FROM 7/21) 3.00 0.00 X 0 0 0 KEVIN ALLARD DISTRICT II CHAIR 3.00 0.00 X 0 0 0 SUSANNAH MARSHALL DISTRICT III CHAIR 3.00 0.00 X 0 0 0 CHARLES COOPER DISTRICT IV CHAIR 3.00 0.00 X 0 0 0 SHAUN BERRETT DISTRICT V CHAIR 3.00 0.00 X 0 0 0 BRET AFDAHL IMMEDIATE PAST CHAIR (6/20-5/21) 3.00 0.00 X 0 0 0 LINDA LACEWELL DISTRICT I CHAIR (THROUGH 7/21) 3.00 0.00 X 0 0 0 CHARLES VICE CSBSEF BOARD CHAIR (THROUGH 5/21) 3.00 1.00 X 0 0 0 RAY GRACE CO-CHAIR, BAB (THROUGH 7/21) 3.00 0.00 X 0 0 0 KAREN LAWSON REG CMTE CHAIR (THROUGH 5/21) 3.00 0.00 X 0 0 0 DEBORAH HAGAN NDSC CHAIR (THROUGH 3/21) 3.00 0.00 X 0 0 0 CHRIS DIETZ SSPC CHAIR (THROUGH 5/21) 3.00 0.00 X 0 0 0 ROBERTA HOLLINSHEAD DISTRICT V CHAIR (THROUGH 5/21) 3.00 1.00 X 0 0 0 JOHN RYAN CEO 34.50 3.00 X 978655 85100 108301 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 34.50 3.00 X 254028 22089 61236 MICHAEL STEVENS SENIOR EVP (TO 5/21) 32.50 5.00 X 183841 28283 36261 WILLIAM MATTHEWS EXECUTIVE VICE PRESIDENT (TO 9/21) 37.50 0.00 X 304113 0 58815 THOMAS HARLOW EVP, PRODUCTS AND SOLUTIONS 37.50 0.00 X 533212 0 71658 NGOC VU CHIEF INFORMATION OFFICER 34.50 3.00 X 395809 34418 66574 JAMES COOPER EXECUTIVE VICE PRESIDENT, POLICY AND SUPERVISION 37.50 0.00 X 404603 0 65838 MARGARET LIU EVP, STRATEGIC ENGAGEMENT 34.50 3.00 X 362284 31503 73166 KELLY HAIRE EVP, PEOPLE OPERATIONS 34.50 3.00 X 351826 30594 64970 JOHN GORMAN GENERAL COUNSEL 34.50 3.00 X 336690 29278 70990 TODD SCHARF SR CHIEF INFORMATION SECURITY OFFICER 34.50 3.00 X 324699 28234 58979 TIMOTHY DOYLE SENIOR VICE PRESIDENT, BUSINESS SERVICES 37.50 0.00 X 364842 0 68108 CHARLES CROSS SENIOR VICE PRESIDENT, SUPERVISION & ENFORCEMENT 37.50 0.00 X 311764 0 66488 5106366 289499 871384 130 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 NMLS DEVELOPMENT/ HOSTING 25097804 PERFICIENT 555 MARYVILLE UNIVERSITY DRIVE SUI SAINT LOUIS MO 63141 NMLS DEVELOPMENT 10865836 QBASE HOLDINGS LLC 3855 COLONEL GLENN HWAY BEAVERCREEK OH 45324 INFRASTRUCTURE TRANSISTION - APPLICATION 6731778 CONCENTRIX CVG DELWARE INTERNATIONAL INC 201 EAST 4TH STREET CINCINNATI OH 45202 NMLS-FINRA LICENSING DB 5196821 FEDERAL BUREAU OF INVESTIGATION CJIS DI 100 CUSTER HOLLOW ROAD CLARKSBURG WV 26306 FINGERPRINT IDENTIFICATION 4772633 52 NMLS PROCESSING FEES 518210 96763064 96763064 MLO TESTING/EDUCATION 900099 11188186 11188186 MEMBERSHIP DUES/ASSESSMENTS 900099 6473558 6473558 114424808 2082967 2082967 2929580 2929580 MANAGEMENT FEES 900099 8000 8000 8000 119445355 114424808 0 5020547 X 1264026 1264026 42000 42000 3928815 3428047 500768 20417235 17814846 2602389 2795498 2439182 356316 1137163 992220 144943 1886964 1646451 240513 483973 422286 61687 37535 32751 4784 38332 33446 4886 4964202 4331463 632739 30121 26282 3839 5089316 4440630 648686 5604759 4890374 714385 2035723 1776249 259474 111530 97226 14304 690 690 155727 135878 19849 4643912 4051997 591915 216130 188582 27548 MLO TESTING FEES 13614717 11879380 1735337 MLO EDUC COURSE FEES 12822065 11187759 1634306 FINGERPRINT PROCESSING 7751577 6763558 988019 IMPAIRMENT LOSS-SES&NML 1424086 1424086 1062189 926803 135386 91558285 80236212 11322073 0 318545 348601 82650685 80747751 843216 411060 2240683 2980170 127679143 58300431 44714940 69378712 91789301 95183936 2840614 10810872 225397984 259861102 15510869 12525304 6187493 6146613 4289203 12530428 25987565 31202345 X 184814751 214063089 14595668 14595668 199410419 228658757 225397984 259861102 27887070 1361268 0 X X 0 1 X 1 0 X 5793201 6099680 6192341 6234272 6473558 30793052 71833113 70319768 71431536 85781651 107951250 407317318 77626314 76419448 77623877 92015923 114424808 438110370 0 5464588 5077923 5070898 5960322 8490866 30064597 5464588 5077923 5070898 5960322 8490866 30064597 408045773 3323808 4638598 5249616 3926851 5012547 22151420 3323808 4638598 5249616 3926851 5012547 22151420 12136 3098790 14069 8000 8000 3140995 80962258 84156836 82887562 95950774 119445355 463402785 0.88050 0.87670 0.04780 0.04780 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INCOME FROM AN ACTIVITY THAT IS NOT REGULARLY CARRIED ON MANAGEMENT FEES SETTLEMENT FEES 0 367504 367504 91190781 91558285 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 286913 294848 278092 367504 1227357 250000 250000 250000 250000 1000000 1500000 1 273795 424408935 423330026 1352704 0 2065196 1646413 418783 2426231 2016588 409643 123187716 54637430 68550286 69378712 DAY WITH THE COMMISSIONER 129615 DEFERRED COMPENSATION LIABILITY 2662237 DUE TO RELATED ORGANIZATION 8136680 FUNDS HELD FOR OTHERS 1206830 OTHER LIABILITIES 395066 12530428 120768292 1361268 1361268 119407024 38331 38331 119445355 91519954 0 91519954 38331 38331 91558285 PART IV, LINE 1B: WE ARE A TEMPORARY CUSTODIAN OF FUNDS COLLECTED FROM MORTGAGE LICENSEES WHO USE NMLS. THESE FUNDS ARE NOT RECORDED ON OUR BALANCE SHEET. WE RECEIVE THE FUNDS IN A BANKING/SWEEP ACCOUNT. WE THEN REMIT THE COLLECTED FUNDS THE SAME DAY THEY ARE RECEIVED TO THE APPROPRIATE STATE AGENCIES AND TRANSFER THE PORTION BELONGING TO SRR AS A PROCESSING FEE TO OUR OWN OPERATING ACCOUNT. AS A RESULT OF THE NATIONAL MORTGAGE SETTLEMENT IN 2012, $65,000,000 WAS DISTRIBUTED TO THE CONFERENCE, OF WHICH, $16,000,000 WAS GRANTED DIRECTLY TO THE CONFERENCE FOR CREATING A STATE REGULATORY FUND. THE REMAINING $49,000,000 WAS TO BE DISTRIBUTED TO THE 49 STATES WHICH WERE A PARTY TO THE SETTLEMENT WITH THE CONFERENCE ACTING AS THE ESCROW AGENT. SINCE 2012 CSBS HAS DISTRIBUTED THE FUNDS TO THE STATES AS DIRECTED BY THE STATES. AS OF DECEMBER 31, 2021, THE CONFERENCE HELD $1,568,691 DUE TO 3 STATES. IN SEPTEMBER 2019, THE AMERIQUEST MULTISTATE SETTLEMENT DISTRIBUTED $414,135 TO THE CONFERENCE TO BE DISTRIBUTED TO THE STATES THAT MEET THE REQUIREMENTS OF THE AMERIQUEST SETTLEMENT COMPLIANCE COMMITTEE AND MOU FOR ADMINISTERING THE FUNDS. IN 2020, $19,069 WAS DISTRIBUTED WITH $395,066 REMAINING. 1 CSBS EDUCATION FOUNDATION 1129 20TH STREET NW 9TH FLOOR WASHINGTON DC 20036 521347951 501(C)(3) 1264026 0 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 0 NMLS CONFERENCE SCHOLARSHIPS 168 42000 PART I, LINE 2: CSBS AND SRR PROVIDE PERIODIC SUPPORT TO CSBS EDUCATION FOUNDATION (CSBS-EF), AS CSBS-EF SERVES AS THE EDUCATIONAL ARM OF CSBS. THE GOVERNING BOARD OF CSBS RECEIVES PERIODIC UPDATES ON THE PROGRAM ACCOMPLISHMENTS OF CSBS-EF. X X X X X X 0 1 0 0 0 0 0 0 0 JOHN RYAN CEO 852004 74087 106812 9288 19839 1725 77464 6736 22173 1928 1078292 93764 278835 34246 THOMAS HARLOW EVP, PRODUCTS AND SOLUTIONS 449548 0 62100 0 21564 0 34200 0 37458 0 604870 0 0 0 NGOC VU CHIEF INFORMATION OFFICER 333902 29035 46118 4010 15789 1373 31464 2736 29784 2590 457057 39744 0 0 JAMES COOPER EXECUTIVE VICE PRESIDENT, POLICY AND 323005 0 67000 0 14598 0 34200 0 31638 0 470441 0 0 0 MARGARET LIU EVP, STRATEGIC ENGAGEMENT 301785 26242 47196 4104 13303 1157 31464 2736 35849 3117 429597 37356 0 0 KELLY HAIRE EVP, PEOPLE OPERATIONS 281949 24517 61244 5326 8633 751 31464 2736 28308 2462 411598 35792 0 0 JOHN GORMAN GENERAL COUNSEL 284590 24747 40893 3556 11207 975 31464 2736 33847 2943 402001 34957 0 0 TIMOTHY DOYLE SENIOR VICE PRESIDENT, BUSINESS SERV 310703 0 43435 0 10704 0 32297 0 35811 0 432950 0 0 0 TODD SCHARF SR CHIEF INFORMATION SECURITY OFFICER 280072 24354 42728 3715 1899 165 31464 2736 22797 1982 378960 32952 0 0 CHARLES CROSS SENIOR VICE PRESIDENT, SUPERVISION & 254690 0 52489 0 4585 0 33338 0 33150 0 378252 0 0 0 WILLIAM MATTHEWS EXECUTIVE VICE PRESIDENT (TO 9/21) 290300 0 0 0 13813 0 33930 0 24884 0 362927 0 0 0 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 219297 19069 34289 2982 442 38 29936 2603 26401 2296 310365 26988 0 0 MICHAEL STEVENS SENIOR EVP (TO 5/21) 177503 27308 0 0 6338 975 18409 2832 13016 2003 215266 33118 0 0 PART I, LINE 4B DURING THE YEAR ENDED DECEMBER 31, 2021, CSBS CONTRIBUTED THE FOLLOWING AMOUNTS TO A SECTION 457(F) PLAN: JOHN RYAN, PRESIDENT/CEO - $50,000 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS OF THE BOARD, EXCEPT THOSE ENUMERATED BELOW, AND SHALL ACT IN LIEU OF THE BOARD BETWEEN SCHEDULED BOARD MEETINGS. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE APPROVED BY THE BOARD AT ITS NEXT SCHEDULED MEETING. THE EXECUTIVE COMMITTEE IS NOT EMPOWERED TO APPROVE SALARY CHANGES OR NON-BUDGETED EXPENSES ABOVE $5,000. THE EXECUTIVE COMMITTEE CONSISTS OF THE SITTING OFFICERS AND THE IMMEDIATE PAST CHAIRPERSON. FORM 990, PART VI, SECTION A, LINE 6 REGULAR VOTING MEMBERSHIP IN THE CONFERENCE IS LIMITED TO THE STATE OFFICER HAVING RESPONSIBILITY FOR THE SUPERVISION OF STATE-CHARTERED BANKING INSTITUTIONS IN EACH STATE, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, AND THE VIRGIN ISLANDS, OR A REPRESENTATIVE DULY DESIGNATED BY SUCH OFFICER WHO IS ALSO AN EMPLOYEE OF THE STATE BANKING DEPARTMENT OF THAT JURISDICTION. THE CONFERENCE'S OTHER CLASSES OF MEMBERSHIP, WHICH INCLUDE STATE-CHARTERED BANKING INSTITUTIONS, STATE BANKERS ASSOCIATIONS, AND ASSOCIATES, DO NOT HAVE AN OFFICIAL VOTE IN ANY MEETING OF THE CONFERENCE AND ARE NOT ELIGIBLE TO HOLD AN ELECTED OFFICE IN THE CONFERENCE. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS OF THE CSBS BOARD OF DIRECTORS, WHICH INCLUDE THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN, SECRETARY, AND TREASURER, ARE ELECTED BY THE REGULAR VOTING MEMBERSHIP AT THE ANNUAL MEETING OF THE CONFERENCE. ADDITIONALLY, THE REGULAR MEMBERS ARE DIVIDED INTO FIVE GEOGRAPHICAL DISTRICTS AND THEY ELECT A DISTRICT CHAIRMAN AND A DISTRICT VICE CHAIRMAN FROM THE REGULAR MEMBERSHIP IN EACH RESPECTIVE DISTRICT TO REPRESENT THE DISTRICT ON THE CSBS BOARD. FORM 990, PART VI, SECTION A, LINE 7B PROPOSALS FOR THE AMENDMENT OR REPEAL OF THE BYLAWS MAY BE MADE BY ANY TEN REGULAR MEMBERS OF THE CONFERENCE BY SUBMITTING A WRITTEN REQUEST SPECIFYING THE CHANGES PROPOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. ALL SUCH PROPOSALS WOULD THEN BE CONSIDERED BY THE MEMBERSHIP AT AN ANNUAL OR SPECIAL MEETING OF THE REGULAR MEMBERS, AND THE BYLAWS COULD BE AMENDED OR REPEALED BY A TWO-THIRDS VOTE OF THE REGULAR MEMBERS OR DULY DESIGNATED REPRESENTATIVES ENROLLED AS ATTENDING THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE CONFERENCE'S FORM 990 IS THOROUGHLY REVIEWED BY THE MANAGEMENT TEAM BEFORE THE RETURN IS SIGNED AND FILED. THE CONFERENCE ALSO POSTS THE 990 ON THE BOARD'S WEBSITE AND EMAILS THE MEMBERS OF THE BOARD INSTRUCTIONS FOR ACCESSING THE 990. FORM 990, PART VI, SECTION B, LINE 12C A REVISED CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY WAS ADOPTED IN SEPTEMBER 2020 COVERING CSBS AND ITS AFFILIATED ORGANIZATIONS. AS PART OF THE POLICY, EACH YEAR ALL CSBS EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICY, THAT THEY AGREE TO COMPLY WITH THE POLICY AND DICLOSE ANY POTENTIAL CONFLICTS OF INTEREST. EACH FORM IS REVIEWED BY THE CSBS GENERAL COUNSEL TO DETERMINE IF ANY FINANCIAL INTEREST ARE POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS FOR CSBS EMPLOYEES ARE REVEIWED BY CEO AND IF THE POTENTIAL CONFLICT IS GREATER THAN $5,000, THE CSBS AUDIT COMMITTEE WILL ALSO BE CONSULTED. WHILE EACH POTENTIAL CONFLICT RELATED TO A MEMBER OF THE BOARD OF DIRECTORS OR COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WILL BE SUBMITTED TO AND REVIEWED BY THE CHAIRMAN OF THE BOARD (OR IN THE CASE WHERE THE CONFLICT INVOLVES THE CHAIRMAN OF THE BOARD, THE VICE CHAIRMAN) OF THE RESPECTIVE ORGANIZATION, THE CEO, AND THE PRESIDENT OF THE RESPECTIVE ORGANIZATION OR AFFILIATE (IF DIFFERENT). FORM 990, PART VI, SECTION B, LINE 15 CSBS HAS A FORMAL POLICY STATING THAT THE PROCESS FOR DETERMINING THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES SHALL INCLUDE (1) REVIEW AND APPROVAL BY THE FINANCE, COMPENSATION, AND BENEFITS COMMITTEE OF CSBS, (2) USE OF DATA AS TO COMPARABLE COMPENSATION, AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THE FINANCE, COMPENSATION AND BENEFITS COMMITTEE OF THE CSBS BOARD OF DIRECTORS HAS BEEN ESTABLISHED IN THE BYLAWS AS A STANDING COMMITTEE, WHICH DEFINES THAT THE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE ANNUAL BUDGET AND ESTABLISHING THE INVESTMENT AND GENERAL COMPENSATION AND BENEFITS POLICIES FOR RECOMMENDATION TO THE BOARD OF DIRECTORS FOR APPROVAL. MEMBERS OF THE EXECUTIVE COMMITTEE CONDUCT AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 CSBS DOES NOT MAKE ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN ANY FORM OUTSIDE THE 990. CSBS DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY PUBLICLY AVAILABLE; HOWEVER, CSBS WOULD CONSIDER ANY REQUESTS RECEIVED FOR SUCH DOCUMENTS. FORM 990, PART IX, LINE 18: WE ARE AN ASSOCIATION OF STATE BANKING OFFICIALS AND REIMBURSE THOSE OFFICIALS FROM TIME TO TIME FOR TRAVEL EXPENSES RELATED TO CONDUCT OF REQUIRED DUTIES OF THE ORGANIZATION. FORM 990, PART XII, LINE 2C: THE CONFERENCE'S AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. STATE REGULATORY REGISTRY LLC 1129 20TH STREET NW 9TH FLOOR WASHINGTON DC 20036 205641694 THE DEVELOPMENT AND OPERATION OF NMLS DC 94796035 217145644 CONFERENCE OF STATE BANK SUPERVISORS INC CSBS EDUCATION FOUNDATION 1129 20TH ST NW 9TH FLOOR WASHINGTON DC 20036 521347951 TO ENHANCE STATE FINANCIAL SUPERVISION THROUGH EDUCATION AND TRAINING DC 501(C)(3) LINE 10 CONFERENCE OF STATE BANK SUPERVISORS INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 CSBS EDUCATION FOUNDATION B 1264026 COST CSBS EDUCATION FOUNDATION N 287511 ALLOCATION CSBS EDUCATION FOUNDATION O 1103902 ALLOCATION CSBS EDUCATION FOUNDATION P 649051 NET CLEARING PMTS