2021-11-10T14:15:13-06:00 2020-12-31 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS CONF 2022962840 1129 20TH STREET NW NO 900 WASHINGTON DC 200363555 LEILA GREEN EXECUTIVE VICE PRESIDENT/CFO 2022962840 2021-11-10 1 LEILA GREEN 999009999 ELIZABETH W HELLER P00397829 2022932200 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN W RYAN 1129 20TH STREET NW NO 900 WASHINGTON DC 200363555 95950774 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. 21 21 178 26 0 0 0 0 77623877 92015891 3419476 1701061 1840239 2233822 82883592 95950774 2760676 2205275 0 0 25821790 29701652 0 0 0 42848350 54658619 71430816 86565546 11452776 9385228 203477155 225397984 18929839 25987565 184547316 199410419 X THE MISSION OF THE CONFERENCE OF STATE BANK SUPERVISORS (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 68255960 412780 85781169 THE LARGEST PROGRAM IS THE ONGOING OPERATION OF NMLS. NMLS 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. THE STATE REGULATORY REGISTRY LLC (SRR), A WHOLLY OWNED SUBSIDIARY OF CSBS, OPERATES NMLS ON BEHALF OF STATE REGULATORS. CSBS, IN COOPERATION WITH THE AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS, ESTABLISHED SRR IN SEPTEMBER 2006. THE SECURE AND FAIR ENFORCEMENT OF MORTGAGE LICENSING ACT OF 2008 (THE SAFE ACT) 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 MILESTONES ACHIEVED BY THE STATES, SRR AND NMLS DURING 2020 INCLUDE:--> SRR LAUNCHED THE STATE EXAMINATION SYSTEM (SES) NATIONWIDE IN MARCH. AS OF YEAR-END, 29 STATE AGENCIES WERE USING SES - THE ONLY NATIONWIDE SYSTEM THAT CONNECTS AGENCIES AND COMPANIES IN THE EXAMINATION PROCESS. --> SRR IMPLEMENTED THE SES CONSUMER COMPLAINTS FEATURE IN SEPTEMBER, FOLLOWING SUCCESSFUL COMPLETION OF A PILOT PHASE WITH 11 STATE AGENCIES. THE CONSUMER COMPLAINTS FEATURE ALLOWS STATE AGENCIES TO ENTER, PROCESS AND TRACK COMPLAINTS; AND CONNECT COMPLAINTS TO OTHER SUPERVISORY ACTIVITIES IN SES. --> SRR ACHIEVED TWO KEY MILESTONES ON THE PATH TO NMLS MODERNIZATION: RECEIVED FEEDBACK FROM 39 STATE AGENCIES DURING THE REGULATOR COMMENT PERIOD FOR THE CORE REQUIREMENTS PROPOSAL AND INITIATED THE REGULATOR COMMENT PERIOD FOR THE MSB BUSINESS-SPECIFIC REQUIREMENTS PROPOSAL. --> STATE AGENCIES CONTINUED ADOPTION OF NMLS FOR LICENSING AND OTHER FUNCTIONALITY IN THE MSB, CONSUMER LENDING AND DEBT INDUSTRIES. AS OF YEAR-END 2020, A TOTAL OF 49 AGENCIES MANAGED MSB LICENSES IN NMLS AND 45 AGENCIES MANAGED CONSUMER FINANCE OR DEBT-RELATED LICENSES IN NMLS. IN ADDITION, TWO ADDITIONAL STATE AGENCIES ADOPTED NMLS FUNCTIONALITY FOR UNIFORM AUTHORIZED AGENT REPORTING.--> THE 2020 NMLS ANNUAL CONFERENCE & TRAINING WAS HELD IN SAN FRANCISCO, CALIFORNIA AND DREW MORE THAN 760 ATTENDEES, INCLUDING 226 STATE REGULATORS. --> THE NMLS RESOURCE CENTER AND THE FEDERAL REGISTRY RESOURCE CENTER CONTINUED TO PROVIDE NMLS USERS WITH RESOURCES AND MATERIALS TO ASSIST IN NAVIGATING THE SYSTEM. THE SRR LEARNING AND DEVELOPMENT TEAM CREATED VIRTUAL LEARNING SOLUTIONS FOR MEMBERS AND STAKEHOLDERS IN RESPONSE TO THE COVID-19 PANDEMIC AND DELIVERED MORE THAN 50 TRAINING PROGRAMS. TRAINING EFFORTS ALSO SUPPORTED STATE AGENCIES' TRANSITION OVER 68 LICENSES TO NMLS.--> AT THE END OF 2020, NMLS CONTAINED ACTIVE STATE LICENSES OR FEDERAL REGISTRATIONS FOR OVER 36,000 UNIQUE COMPANIES AND OVER 583,000 INDIVIDUAL LICENSED OR REGISTERED MLOS. --> NMLS ADMINISTERED MORE THAN 67,000 TEST COMPONENTS. SRR STAFF ALSO SUPERVISED 104 COURSE PROVIDERS WHO DELIVERED OVER 3.5 MILLION HOURS OF EDUCATION THROUGH MORE THAN 1,987 NMLS-APPROVED COURSES IN 2020.--> SRR HELD TWO PUBLIC INDUSTRY MEETINGS WITH THE NMLS OMBUDSMAN.--> THE NMLS CALL CENTER ANSWERED MORE THAN 549,000 INQUIRIES FROM USERS. THE CALL CENTER RESPONDS DIRECTLY TO QUERIES REGARDING ANY USER ISSUES WITH THE SYSTEM AND DIRECTS ALL SPECIFIC REGULATORY, REGISTRATION OR LICENSING QUESTIONS TO THE APPROPRIATE STATE OR FEDERAL AGENCY.--> NMLS PROCESSING FEES REMAINED UNCHANGED FOR THE 12TH STRAIGHT YEAR OF SYSTEM OPERATIONS. 7618204 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 THE AGENDA OF NEW FEDERAL AGENCY PRINCIPALS. 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 SIGNIFICANT 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. 226544 6234754 COMMUNICATIONS MANAGES THE MESSAGING, MEDIA RELATIONS, REPORT PRODUCTION AND DIGITAL MARKETING, INCLUDING THE CSBS WEBSITE AND SOCIAL MEDIA CHANNELS. 1792495 1792495 BOTH CSBS AND ITS WHOLLY OWNED SUBSIDIARY STATE REGULATORY REGISTRY LLC (SRR) PROVIDE ANNUAL OPERATING SUPPORT TO THE CSBS EDUCATION FOUNDATION, A RELATED 501(C)(3) EDUCATIONAL FOUNDATION, TO ASSIST THE FOUNDATION IN CARRYING OUT ITS MISSION. 1792495 1792495 77893203 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 66 0 1 178 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2022962840 1129 20TH STREET NW NO 900 WASHINGTON DC 200363555 JOHN RYAN PRESIDENT / CEO 34.50 3.00 X 695201 60453 48118 MICHAEL L STEVENS SENIOR EXECUTIVE VICE PRES 32.50 5.00 X 492441 75760 57053 WILLIAM H MATTHEWS EXECUTIVE VICE PRESIDENT 37.50 X 520180 0 51738 THOMAS E HARLOW EVP, FINANCE & ADMIN 34.50 3.00 X 468675 40754 55852 NGOC K VU CHIEF INFORMATION OFFICER 34.50 3.00 X 406298 35331 53454 MARGARET C LIU SVP, LEGISLATIVE AND DEPUT 37.50 0.00 X 347557 0 58353 KELLY C HAIRE SVP, HUMAN CAPITAL AND OPE 34.50 3.00 X 329243 28630 49990 JOHN S GORMAN GENERAL COUNSEL 34.50 3.00 X 324928 28254 55852 TODD SCHARF SR CHIEF INFORMATION SECURITY 34.50 3.00 X 310238 26976 48076 TIMOTHY J DOYLE SVP, BUSINESS SERVICES 37.50 X 324278 0 53817 JAMES COOPER SVP, POLICY 37.50 0.00 X 325412 0 51201 VICKIE L PECK SVP, OPERATIONS 37.50 X 303452 0 42262 KEVIN QUINN VICE PRESIDENT, INFRASTRUCTURE 37.50 0.00 X 281124 0 55793 CHARLES CROSS SVP, SUPERVISION & ENFORCE 34.50 3.00 X 272898 23730 53893 KEVIN HAGLER CHAIR (FROM 6/20) 3.00 1.00 X X 0 0 0 MELANIE HALL CHAIR ELECT (FROM 6/20) 3.00 1.00 X 0 0 0 TOM FITE VICE CHAIRMAN (FROM 6/20) 3.00 1.00 X X 0 0 0 LISE KRUSE TREASURER (FROM 6/20) 3.00 1.00 X X 0 0 0 CHARLIE CLARK SECRETARY (FROM 6/20) 3.00 0.00 X X 0 0 0 BRET AFDAHL IMMED. PAST CHAIR (TIL 6/20) 3.00 1.00 X 0 0 0 CHARLES COOPER MEMBER-AT-LARGE(FROM 6/20) 3.00 1.00 X 0 0 0 LINDA LACEWELL MEMBER-AT-LARGE(FROM 6/20) 3.00 0.00 X 0 0 0 CHARLES VICE CSBSEF CHAIR 3.00 1.00 X 0 0 0 JOHN DUCREST SRR CHAIR 3.00 0.00 X 0 0 0 IRIS IKEDA LEG CMTE CHAIR 3.00 0.00 X 0 0 0 KAREN LAWSON REG CMTE CHAIR 3.00 0.00 X 0 0 0 DEBORAH HAGAN NDSC CHAIR (FROM 6/20) 3.00 0.00 X 0 0 0 CHRIS DIETZ SSPC CHAIR 3.00 0.00 X 0 0 0 RAY GRACE CO-CHAIR, BAB (FROM 6/20) 3.00 0.00 X 0 0 0 ANDY ANDERSON CO-CHAIR, BAB 3.00 0.00 X 0 0 0 TONY SALAZAR DISTRICT I CHAIR 3.00 0.00 X 0 0 0 KEVIN ALLARD DISTRICT II CHAIR (FROM 6/19) 3.00 0.00 X 0 0 0 RHOSHUNDA KELLY DISTRICT III CHAIR (FROM 6/20) 3.00 1.00 X 0 0 0 KELLY LAMMERS DISTRICT IV CHAIR (FROM 10/20) 3.00 0.00 X 0 0 0 ROBERTA HOLLINSHEAD DISTRICT V CHAIR (FROM 6/19) 3.00 0.00 X 0 0 0 5401925 319888 735452 113 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 NMLS 1.0 DEVELOPMENT/HOSTING 15812876 GROUNDSWELL CONSULTING 1660 INTERNATIONAL DRIVE SUITE 800 MCLEAN VA 22102 CONSULTING SERVICES 4634617 CONCENTRIX CVG DELAWARE INTERNATIONAL I 201 EAST 4TH STREET CINCINNATI OH 45202 NMLS-FINRA LICENSING DB 4616397 QBASE LLC 3855 COLONEL GLENN HWY BEAVERCREEK OH 45324 INFRASTRUCTURE TRANSITION-APPLICATION HO 3504824 FIELDPRINT 12000 COMMERC PKWY SUITE 100 MT LAUREL NJ 08054 FINGERPRINTING SERVICES 2441269 53 NMLS PROCESSING FEES 518210 76745612 76745612 MLO TESTING/EDUCATION 900099 9035557 9035557 MEMBERSHIP DUES/ASSESSMENTS 900099 6234272 6234272 EVENTS/SUMMITS 900099 450 450 92015891 1701061 1701061 2225790 2225790 MANAGEMENT FEES 900099 8000 8000 MISCELLANEOUS REVENUE 900099 32 32 8032 95950774 92015923 0 3934851 X 1792495 1792495 412780 412780 4629483 4153572 475911 18788565 16857101 1931464 2563003 2299526 263477 2022366 1814467 207899 1698235 1523656 174579 243163 218166 24997 162248 145569 16679 38333 34392 3941 6328091 5677563 650528 35481 31834 3647 4144955 3718854 426101 3761894 3375171 386723 2109638 1892767 216871 224884 201423 23461 3334 3334 181933 163230 18703 4439796 3983385 456411 213106 191199 21907 MLO EDUC COURSE FEES 12969391 11636138 1333253 MLO TESTING FEES 10997513 9866969 1130544 FINGERPRINT PROCESSING 5452085 4891611 560474 OTHER EXPENSES 2012761 1805741 207020 1340013 1202260 137753 86565546 77893203 8672343 0 317403 318545 81257220 82650685 794718 843216 1329082 2240683 98537184 53822244 32569982 44714940 84842240 91789301 2366510 2840614 203477155 225397984 8386381 15510869 6687970 6187493 3855488 4289203 18929839 25987565 X 169951648 184814751 14595668 14595668 184547316 199410419 203477155 225397984 9385228 5477875 0 X X 0 1 X 1 0 X 6052438 5793201 6099680 6192341 6234272 30371932 69101079 71833113 70319768 71431536 85781651 368467147 75153517 77626314 76419448 77623877 92015923 398839079 0 6782279 5464588 5077923 5070898 5960322 28356010 6782279 5464588 5077923 5070898 5960322 28356010 370483069 3068224 3323808 4638598 5249616 3926851 20207097 3068224 3323808 4638598 5249616 3926851 20207097 400503 12136 3098790 14069 8000 3533498 78622244 80962258 84156836 82887562 95950774 422579674 0.87670 0.87170 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 278092 278092 86287454 86565546 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 233090 286913 294848 278092 1092943 250000 250000 250000 250000 1000000 1500000 1 286110 329199628 329211941 273797 0 2065196 1459585 605611 2341845 1739550 602295 94130143 50623109 43507034 44714940 DAY WITH THE COMMISSIONER 126094 DEFERRED COMPENSATION LIABILITY 2289723 DUE TO RELATED ORGANIZATION 269617 FUNDS HELD FOR OTHERS 1208703 OTHER LIABILITIES 395066 4289203 101390316 5477875 5477875 95912441 38333 38333 95950774 86527213 0 86527213 38333 38333 86565546 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, 2020, THE CONFERENCE HELD $1,571,129 DUE TO 3 STATES. 1 CSBS EDUCATION FOUNDATION 1129 20TH STREET NW 9TH FLOOR WASHINGTON DC 20036 521347951 501(C)(3) 1792495 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 0 SCHOLARSHIP FOR 2020 NMLS USER CONFERENCE 138 412780 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 PRESIDENT / CEO 495406 43079 134918 11732 64877 5642 31464 2736 17599 1530 744264 64719 0 0 MICHAEL L STEVENS SENIOR EXECUTIVE VICE PRES 391831 60282 80288 12352 20322 3126 29640 4560 25198 3877 547279 84197 0 0 WILLIAM H MATTHEWS EXECUTIVE VICE PRESIDENT 407332 0 79002 0 33846 0 34200 0 22087 0 576467 0 0 0 THOMAS E HARLOW EVP, FINANCE & ADMIN 375909 32688 72927 6341 19839 1725 31464 2736 22751 1978 522890 45468 0 0 NGOC K VU CHIEF INFORMATION OFFICER 324400 28209 66332 5768 15566 1354 31464 2736 18742 1630 456504 39697 0 0 MARGARET C LIU SVP, LEGISLATIVE AND DEPUT 285196 0 53334 0 9027 0 34200 0 26441 0 408198 0 0 0 KELLY C HAIRE SVP, HUMAN CAPITAL AND OPE 258965 22519 63811 5549 6467 562 30714 2671 16375 1424 376332 32725 0 0 JOHN S GORMAN GENERAL COUNSEL 261327 22724 42746 3717 20855 1813 31464 2736 22681 1972 379073 32962 0 0 TODD SCHARF SR CHIEF INFORMATION SECURITY 272387 23685 35952 3126 1899 165 30831 2681 14740 1282 355809 30939 0 0 TIMOTHY J DOYLE SVP, BUSINESS SERVICES 268946 0 49959 0 5373 0 32164 0 23415 0 379857 0 0 0 JAMES COOPER SVP, POLICY 248284 0 54460 0 22668 0 31863 0 20956 0 378231 0 0 0 VICKIE L PECK SVP, OPERATIONS 249369 0 48469 0 5614 0 32986 0 10612 0 347050 0 0 0 KEVIN QUINN VICE PRESIDENT, INFRASTRUCTURE 244788 0 35616 0 720 0 32140 0 24956 0 338220 0 0 0 CHARLES CROSS SVP, SUPERVISION & ENFORCE 207678 18059 42195 3669 23025 2002 29662 2579 21842 1899 324402 28208 0 0 PART I, LINE 4B DURING THE YEAR ENDED DECEMBER 31, 2020, CSBS CONTRIBUTED THE FOLLOWING AMOUNTS TO A SECTION 457(F) PLAN: JOHN RYAN, PRESIDENT/CEO - $48,955 MICHAEL STEVENS, SENIOR EVP - $1,884 FORM 990, PART VI, SECTION A, LINE 1 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 MARCH 2010 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 AND THAT THEY AGREE TO COMPLY WITH THE POLICY. EACH FORM COMPLETED BY A CSBS EMPLOYEE WILL BE REVIEWED BY THE PRESIDENT AND CEO FOR POTENTIAL CONFLICTS, WHILE EACH FORM COMPLETED BY A MEMBER OF THE BOARD OF DIRECTORS OR COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WILL BE SUBMITTED TO AND REVIEWED BY THE CSBS AUDIT COMMITTEE FOR POTENTIAL CONFLICTS. 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 COMPENSATION 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'S PURPOSE IS TO RECOMMEND SALARY RANGES AND COMPENSATION FOR CSBS STAFF 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 80164335 190403260 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 1792495 COST CSBS EDUCATION FOUNDATION N 282581 ALLOCATION CSBS EDUCATION FOUNDATION O 1294498 ALLOCATION CSBS EDUCATION FOUNDATION P 390568 NET CLEARING PMTS