2020-11-12T11:41:21-06:00 2019-12-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS CONF 2022962840 1129 20TH STREET NW NO 900 WASHINGTON DC 200363555 LEILA GREEN VICE PRESIDENT/CFO 2022962840 2020-11-12 1 ELIZABETH W HELLER P00397829 2022932200 2020-11-12 173.79.22.96 2020-11-12 11:37:48 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 907A16943A5AE6BD468F5755AE9454C37C362E74 2019 2021-01-29 14:40:06Z CSBS JOHN W RYAN 1129 20TH STREET NW NO 900 WASHINGTON DC 200363555 82887562 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 21 169 29 0 0 0 0 76419448 77623877 2969376 3419476 4767008 1840239 84155832 82883592 2055441 2760676 0 0 22592006 25821790 0 0 115542 43665263 42848350 68312710 71430816 15843122 11452776 184664535 203477155 17130874 18929839 167533661 184547316 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. 0 0 51073426 306349 71380336 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 2019 INCLUDE:- SRR LAUNCHED THE STATE EXAMINATION SYSTEM (SES) INTO PILOT WITH NINE STATE AGENCIES CONDUCTING SEVEN EXAMS FOCUSED ON MORTGAGE AND MONEY TRANSMITTER COMPANIES. THE PILOT PHASE HELPED DETERMINE READINESS FOR NATIONWIDE LAUNCH, WHICH OCCURRED IN 2020. - SRR IMPLEMENTED NEW FUNCTIONALITY IN NMLS AND ESTABLISHED POLICIES TO SUPPORT TEMPORARY AUTHORITY (TA) FOR STATE-LICENSED AND FEDERALLY REGISTERED MORTGAGE LOAN OFFICERS, TA BECAME EFFECTIVE NOV. 24, 2019, AS REQUIRED BY A 2018 AMENDMENT TO THE SAFE ACT. NEW FUNCTIONALITY HELPS REGULATORS DETERMINE IF AN INDIVIDUAL MORTGAGE LOAN ORIGINATOR QUALIFIES FOR TA AND MANAGE THIS STREAMLINED PROCESS.- STATE AGENCIES CONTINUED ADOPTION OF NMLS FOR LICENSING AND OTHER FUNCTIONALITY IN THE MSB, CONSUMER LENDING AND DEBT INDUSTRIES. AS OF YEAR-END 2019, A TOTAL OF 46 AGENCIES MANAGED MSB LICENSES IN NMLS AND 40 AGENCIES MANAGED CONSUMER FINANCE OR DEBT-RELATED LICENSES IN NMLS. IN ADDITION, 29 STATES HAD ADOPTED THE MSB CALL REPORT, WHILE THREE ADDITIONAL STATE AGENCIES ADOPTED NMLS FUNCTIONALITY FOR UNIFORM AUTHORIZED AGENT REPORTING.- SRR SUCCESSFULLY RESOLVED THE LAWSUIT FILED IN FEDERAL COURT IN DENVER IN 2017 AGAINST THREE DEFENDANTS WHO SRR CLAIMED HAD INFRINGED THE COPYRIGHTS IT OWNS ON THE NATIONAL TEST QUESTIONS, AS WELL AS OTHER CHARGES.- SRR ESTABLISHED A CONSUMER FINANCE CALL REPORT WORKING GROUP TO CREATE A STANDARDIZED REPORT OF CONSUMER LENDING ACTIVITY THAT STATE-LICENSED CONSUMER FINANCE COMPANIES WILL SUBMIT IN NMLS. CREATING THE REPORT WAS BASED ON A RECOMMENDATION FROM CSBS' FINTECH INDUSTRY ADVISORY PANEL SUBCOMMITTEE ON LENDING. - THE 2019 NMLS ANNUAL CONFERENCE & TRAINING WAS HELD IN CALIFORNIA AND DREW MORE THAN 700 ATTENDEES, INCLUDING 218 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 LEARNING AND DEVELOPMENT TEAM MANAGED MORE THAN 400 USER GUIDES AND HELP DOCUMENTS ON THE NMLS RESOURCE CENTER AND WITHIN NMLS; AND DELIVERED MORE THAN 50 TRAINING PROGRAMS. TRAINING EFFORTS ALSO SUPPORTED STATE AGENCIES' TRANSITION OF 59 LICENSES TO NMLS.- AT THE END OF 2019, NMLS CONTAINED ACTIVE STATE LICENSES OR FEDERAL REGISTRATIONS FOR OVER 34,000 UNIQUE COMPANIES AND OVER 581,000 INDIVIDUAL LICENSED OR REGISTERED MLOS. - NMLS ADMINISTERED MORE THAN 38,000 TEST COMPONENTS. SRR STAFF ALSO SUPERVISED 99 COURSE PROVIDERS WHO DELIVERED OVER 2.4 MILLION HOURS OF EDUCATION THROUGH MORE THAN 1,555 NMLS-APPROVED COURSES IN 2019.- SRR HELD TWO PUBLIC INDUSTRY MEETINGS WITH THE NMLS OMBUDSMAN.- THE NMLS CALL CENTER ANSWERED MORE THAN 453,000 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 ELEVENTH STRAIGHT YEAR OF SYSTEM OPERATIONS. 7341734 5750 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. 260808 6243541 COMMUNICATIONS MANAGES THE MESSAGING, MEDIA RELATIONS, REPORT PRODUCTION AND DIGITAL MARKETING, INCLUDING THE CSBS WEBSITE AND SOCIAL MEDIA CHANNELS. 2454327 2454327 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. 2454327 2454327 61130295 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 0 0 0 1 73 0 1 169 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 BRET AFDAHL CHAIR (FROM 6/19) 3.00 1.00 X X 0 0 0 KEVIN HAGLER CHAIR ELECT (FROM 6/19) 3.00 0.00 X X 0 0 0 MELANIE HALL VICE CHAIRMAN (FROM 6/19) 3.00 1.00 X X 0 0 0 TOM FITE TREASURER (FROM 6/19) 3.00 1.00 X X 0 0 0 ROBIN WEISSMANN SECRETARY (FROM 6/19) 3.00 0.00 X X 0 0 0 BRYAN SCHNEIDER SECRETARY (TIL 2/19) 3.00 0.00 X X 0 0 0 CHARLOTTE CORLEY IMMED. PAST CHAIR (FROM 6/19) 3.00 1.00 X 0 0 0 ALBERT FORKNER IMMED. PAST CHAIR (TIL 6/19) 3.00 0.00 X 0 0 0 LISE KRUSE MEMBER-AT-LARGE (FROM 3/19) 3.00 1.00 X 0 0 0 MIKE HILL MEMBER-AT-LARGE (FROM 6/19) 3.00 0.00 X 0 0 0 CHARLES VICE CSBSEF CHAIR (FROM 3/19) 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 (FROM 8/19) 3.00 0.00 X 0 0 0 KAREN LAWSON REG CMTE CHAIR (FROM 6/19) 3.00 0.00 X 0 0 0 CHARLIE CLARK NDSC CHAIR (FROM 6/19) 3.00 0.00 X 0 0 0 CHRIS DIETZ SSPC CHAIR (FROM 6/19) 3.00 0.00 X 0 0 0 ANDY ANDERSON CO-CHAIR, BAB (FROM 6/19) 3.00 0.00 X 0 0 0 RICH MUMFORD CO-CHAIR, BAB (FROM 8/19) 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 II CHAIR (FROM 3/19) 3.00 1.00 X 0 0 0 MARK QUANDAHL DISTRICT IV CHAIR 3.00 0.00 X 0 0 0 ROBERTA HOLLINSHEAD DISTRICT V CHAIR (FROM 6/19) 3.00 1.00 X 0 0 0 MARIA VULLO MEMBER-AT-LARGE (TIL 2/19) 3.00 0.00 X 0 0 0 RAY GRACE LEG CMTE CHAIR (TIL 6/19) 3.00 0.00 X 0 0 0 LEE KEITH LEG CMTE CHAIR (TIL 8/19) 3.00 0.00 X 0 0 0 G EDWARD LEARY REG CMTE CHAIR (TIL 6/19) 3.00 0.00 X 0 0 0 SUSANNAH MARSHALL SSPC CHAIR (TIL 6/19) 3.00 0.00 X 0 0 0 RON HANSEN CO-CHAIR, BAB (TIL 6/19) 3.00 0.00 X 0 0 0 KIM DEVORE CO-CHAIR, BAB (TIL 6/19) 3.00 0.00 X 0 0 0 JOHN RYAN PRESIDENT / CEO 34.50 3.00 X 663459 57693 45840 THOMAS E HARLOW EVP, FINANCE & ADMIN 34.50 3.00 X 414536 36047 55537 MICHAEL L STEVENS SENIOR EXECUTIVE VICE PRESIDENT 32.50 5.00 X 472569 72703 56737 THOMAS A BAYER CHIEF INFORMATION OFFICER 34.50 3.00 X 370314 32201 10138 WILLIAM H MATTHEWS EXECUTIVE VICE PRESIDENT 37.50 0.00 X 493731 0 52078 JOHN S GORMAN GENERAL COUNSEL 34.50 3.00 X 320479 27867 55537 NGOC K VU CHIEF INFORMATION OFFICER 34.50 3.00 X 369810 32158 52187 TIMOTHY J DOYLE SVP, BUSINESS SERVICES 37.50 0.00 X 315816 0 53479 VICKIE L PECK SVP, OPERATIONS 37.50 0.00 X 292361 0 44225 KELLY C HAIRE SVP, HUMAN CAPITAL AND OPERATIONS 34.50 3.00 X 278965 24258 48473 MARGARET C LIU SVP, LEGISLATIVE AND DEPUTY GENERAL COUNSEL 37.50 0.00 X 340569 0 58037 TODD SCHARF SR CHIEF INFORMATION SECURITY OFFICER 34.50 3.00 X 305587 26573 46995 JAMES COOPER SVP, POLICY 37.50 0.00 X 326780 0 54064 CHARLES CROSS SVP, SUPERVISION & ENFORCEMENT 34.50 3.00 X 267941 23299 54240 MARY BETH QUIST SVP, SUPERVISION 22.50 15.00 X 161101 107401 57135 5394018 440200 744702 100 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 NMLS 1.0 DEVELOPMENT/HOSTING 10508766 GROUNDSWELL CONSULTING 8281 GREENSBORO DR SUITE320 MCLEAN VA 22102 CONSULTING SERVICES 5433473 CONCENTRIX CVG DELAWARE INTERNATIONAL I 201 EAST 4TH STREET CINCINNATI OH 45202 NMLS-FINRA LICENSING DB 4820580 QBASE LLC 3855 COL GLENN HWY BEAVERCREEK OH 45324 INFRASTRUCTURE TRANSITION-APPLICATION HO 3197344 FEDERAL BUREAU OF INVESTIGATION 1000 CUSTER HOLLOW ROAD CLARKSBURG WV 26306 NMLS CRIMINAL BACKGROUND CHECKS 2752581 37 NMLS PROCESSING FEES 518210 64554646 64554646 MLO TESTING/EDUCATION 900099 6825690 6825690 MEMBERSHIP DUES/ASSESSMENTS 900099 6192341 6192341 EVENTS/SUMMITS 900099 51200 51200 77623877 3423446 3423446 1826170 1826170 3970 -3970 -3970 -3970 MANAGEMENT FEES 561000 8001 8001 MISCELLANEOUS 900099 5750 5750 SETTLEMENT PROCEEDS 900099 318 318 14069 82883592 77629627 0 5253965 X 2454327 2454327 306349 306349 4458506 3789730 668776 16168519 13743241 2425278 2239593 1903654 335939 1587543 1349412 238131 1367629 1162485 205144 588443 500177 88266 69359 58955 10404 23580 20043 3537 4413528 3751499 662029 39867 33887 5980 3791591 3222852 480586 88153 2870725 2440116 430609 2038091 1732377 305714 1140973 969827 143757 27389 33844 28767 5077 675685 574332 101353 3746163 3184239 561924 221043 187887 33156 MLO EDUC COURSE FEES 9685747 8232885 1452862 MLO TESTING FEES 7163512 6088985 1074527 FINGERPRINT PROCESSING 4979246 4232359 746887 1366953 1161910 205043 71430816 61130295 10184979 115542 320799 317403 82880128 81257220 862977 794718 1323421 1329082 82055972 49485990 19741544 32569982 77852053 84842240 1683613 2366510 184664535 203477155 7647749 8386381 6312516 6687970 3170609 3855488 17130874 18929839 X 152268666 169951648 15264995 14595668 167533661 184547316 184664535 203477155 11452776 5560879 0 X X 0 1 X 1 0 X 5828070 6052438 5793201 6099680 6192341 29965730 63974416 69101079 71833113 70319768 71431536 346659912 69802486 75153517 77626314 76419448 77623877 376625642 0 6196064 6782279 5464588 5077923 5070898 28591752 6196064 6782279 5464588 5077923 5070898 28591752 348033890 2802371 3068224 3323808 4638598 5249616 19082617 2802371 3068224 3323808 4638598 5249616 19082617 17291 400503 12136 3098790 14069 3542789 72622148 78622244 80962258 84156836 82887562 399251048 0.87170 0.87360 0.04780 0.03950 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 294848 294848 71135968 71430816 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 264533 233090 286913 294848 1079384 250000 250000 250000 250000 1000000 1500000 1 298362 264977944 264990196 286110 0 2065196 1272758 792438 2243442 1471306 772136 77747334 46741926 31005408 32569982 DAY WITH THE COMMISSIONER 127219 DEFERRED COMPENSATION LIABILITY 1778606 DUE TO RELATED ORGANIZATION 640094 FUNDS HELD FOR OTHERS 1309569 3855488 88424861 5560879 5560879 82863982 23580 -3970 19610 82883592 71411206 0 71411206 23580 -3970 19610 71430816 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, 2019, THE CONFERENCE HELD $1,694,580 DUE TO 5 STATES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET -3,970. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET -3,970. 1 CSBS EDUCATION FOUNDATION 1129 20TH STREET NW 9TH FLOOR WASHINGTON DC 20036 521347951 501(C)(3) 2454327 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 0 SCHOLARSHIP FOR 2018 NMLS USER CONFERENCE 147 306349 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 478846 41639 120744 10500 63869 5554 30912 2688 14605 1270 708976 61651 0 0 THOMAS E HARLOW EVP, FINANCE & ADMIN 324317 28202 70840 6160 19379 1685 30912 2688 22795 1982 468243 40717 0 0 MICHAEL L STEVENS SENIOR EXECUTIVE VICE PRESIDENT 378997 58307 74013 11387 19559 3009 29120 4480 24148 3715 525837 80898 0 0 THOMAS A BAYER CHIEF INFORMATION OFFICER 163659 14231 0 0 206655 17970 0 0 9852 857 380166 33058 0 0 WILLIAM H MATTHEWS EXECUTIVE VICE PRESIDENT 397763 0 68800 0 27168 0 33600 0 22287 0 549618 0 0 0 JOHN S GORMAN GENERAL COUNSEL 258592 22486 41492 3608 20395 1773 30912 2688 22597 1965 373988 32520 0 0 NGOC K VU CHIEF INFORMATION OFFICER 297627 25881 64400 5600 7783 677 30630 2663 18346 1595 418786 36416 0 0 TIMOTHY J DOYLE SVP, BUSINESS SERVICES 260114 0 51100 0 4602 0 31543 0 23580 0 370939 0 0 0 VICKIE L PECK SVP, OPERATIONS 241859 0 46800 0 3702 0 31925 0 13395 0 337681 0 0 0 KELLY C HAIRE SVP, HUMAN CAPITAL AND OPERATIONS 221119 19228 56764 4936 1082 94 29587 2573 15719 1367 324271 28198 0 0 MARGARET C LIU SVP, LEGISLATIVE AND DEPUTY GENERAL 278265 0 54900 0 7404 0 33600 0 26488 0 400657 0 0 0 TODD SCHARF SR CHIEF INFORMATION SECURITY OFFICER 263392 22904 40296 3504 1899 165 29467 2562 14559 1266 349613 30401 0 0 JAMES COOPER SVP, POLICY 240812 0 63800 0 22168 0 33094 0 22188 0 382062 0 0 0 CHARLES CROSS SVP, SUPERVISION & ENFORCEMENT 221602 19270 43424 3776 2915 253 29719 2584 21755 1892 319415 27775 0 0 MARY BETH QUIST SVP, SUPERVISION 128354 85570 26640 17760 6107 4071 20039 13359 14849 9900 195989 130660 0 0 PART I, LINE 4B DURING THE YEAR ENDED DECEMBER 31, 2019, CSBS CONTRIBUTED THE FOLLOWING AMOUNTS TO A SECTION 457(F) PLAN: JOHN RYAN, PRESIDENT/CEO - $50,055 MICHAEL STEVENS, SENIOR EVP - $2,984 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. 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