2024-11-12T13:11:16-06:00 2023-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2023-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS CONF 2022962840 1300 I STREET NW 700 E WASHINGTON DC 20005 LEILA GREEN EXECUTIVE VICE PRESIDENT/CFO 2022962840 2024-11-08 1 0 JENIFER L CHASE P01306883 5638884000 2024-11-08 2023 2024-10-15 13:58:12Z BRANDON MILHORN 1300 I STREET NW 700 E WASHINGTON DC 20005 92894261 0 X WWW.CSBS.ORG X 1996 DC CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS THE NATIONAL ORGANIZATION OF STATE BANKING AND FINANCIAL REGULATORS THAT EDUCATES AND INFORMS POLICY MAKERS, CONSUMERS AND OTHER STAKEHOLDERS ABOUT ISSUES AFFECTING STATES' BANKING AND FINANCIAL SERVICES MARKETS. 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 20 192 77 0 0 0 0 102060324 88223172 2192946 4621856 3375136 8000 107628406 92853028 1346292 2056937 0 0 34056892 35148066 0 0 0 112659966 52802380 148063150 90007383 -40434744 2845645 226593162 224901153 50175459 41436661 176417703 183464492 X THE MISSION OF THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS TO SUPPORT THE LEADERSHIP ROLE OF STATE BANKING SUPERVISORS IN ADVANCING THE STATE BANKING SYSTEM AND BENEFIT THE PUBLIC BY ENSURING SAFETY AND SOUNDNESS, PROMOTING ECONOMIC GROWTH AND CONSUMER PROTECTION, AND FOSTERING INNOVATIVE STATE REGULATION OF THE FINANCIAL SERVICES INDUSTRY. 0 0 65313074 351920 81277482 CONFERENCE OF STATE BANK SUPERVISORS (CSBS), ON BEHALF OF STATE REGULATORS, OWNS AND OPERATES NMLS, AN ONLINE LICENSING, REGISTRATION, AND SUPERVISORY PLATFORM THAT BRINGS REGULATORY EFFICIENCY AND ACCOUNTABILITY TO THE MORTGAGE INDUSTRY AND OTHER NONBANK FINANCIAL SERVICES PROVIDERS. NMLS OPERATIONS BEGAN JAN. 2, 2008. CONGRESS RECOGNIZED THE VALUE OF THE NEW SYSTEM AND THAT JULY CODIFIED NMLS IN THE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2008, ENACTED TO ENHANCE CONSUMER PROTECTION AND REDUCE FRAUD THROUGH REQUIRED MINIMUM STANDARDS FOR THE LICENSING AND REGISTRATION OF STATE-LICENSED MORTGAGE LOAN ORIGINATORS (MLOS). KNOWN AS THE "SAFE ACT," THE LAW CALLS ON THE STATES TO IMPLEMENT AND ENFORCE THESE STANDARDS, REQUIRING MLOS TO MEET PRE-LICENSURE AND ANNUAL CONTINUING EDUCATION REQUIREMENTS. STATE-LICENSED FINANCIAL SERVICES COMPANIES AND MLOS MUST MAINTAIN AN ACTIVE LICENSE THROUGH NMLS, WHILE FEDERALLY REGULATED DEPOSITORY INSTITUTIONS (E.G., BANKS AND CREDIT UNIONS) AND THE MLOS THEY EMPLOY MUST MAINTAIN AN ACTIVE REGISTRATION. CONGRESS MANDATES THAT STATE LICENSEES AND FEDERAL REGISTRANTS MUST RENEW THEIR MORTGAGE STATE LICENSE AND FEDERAL REGISTRATION, RESPECTIVELY, ON AN ANNUAL BASIS. IN 2023, NEARLY 556,000 COMPANIES AND INDIVIDUALS USED NMLS: MORE THAN 280,379 STATE-LICENSED COMPANIES AND INDIVIDUALS MAINTAINED THEIR LICENSES IN NMLS. THE MAJORITY OF THESE COMPANIES ARE FROM THE MORTGAGE INDUSTRY, WHILE THE REMAINING ONE-THIRD ARE FROM THE MONEY SERVICES, CONSUMER FINANCE AND DEBT INDUSTRIES. MORE THAN 556,190 ADDITIONAL MLOS WORKING IN DEPOSITORY INSTITUTIONS MAINTAINED THEIR LICENSE OR REGISTRATION THROUGH NMLS, AND 3,845 FINANCIAL SERVICES COMPANIES ARE LICENSED IN NMLS. IN 2023, CSBS BEGAN A MULTI-YEAR EFFORT TO MODERNIZE NMLS AND DELIVER AN IMPROVED USER EXPERIENCE FOR STATE REGULATORS AND INDUSTRY PROFESSIONALS - THOSE WHO RELY ON NMLS THE MOST. THE FIRST PHASE OF NMLS ENHANCEMENTS IS EXPECTED TO BE COMPLETED IN 2024. 11501874 0 6849469 THE GOVERNMENT RELATIONS FUNCTION OF CONFERENCE OF STATE BANK SUPERVISORS (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 ALSO ENGAGES 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. 1705017 1705017 CONFERENCE OF STATE BANK SUPERVISORS (CSBS) PROVIDES ANNUAL OPERATING SUPPORT TO THE CSBS EDUCATION FOUNDATION (THE FOUNDATION), A RELATED 501(C)(3) EDUCATIONAL FOUNDATION, TO ASSIST THE FOUNDATION IN CARRYING OUT ITS MISSION. 182589 0 96221 THE COMMUNICATIONS DEPARTMENT PROMOTES THE ORGANIZATION'S PRIORITIES THROUGH STRATEGY AND INFRASTRUCTURE; THE COMMUNICATIONS TEAM MANAGES AND STRENGTHENS CSBS'S VOICE, MESSAGING, AND IDENTITY ACROSS AUDIENCES THROUGH SPEAKING ENGAGEMENTS, MEDIA RELATIONS, EDITORIAL CONTENT, AND DIGITAL MARKETING, INCLUDING THE CSBS WEBSITE AND SOCIAL MEDIA CHANNELS. 182589 0 96221 78702554 1 0 0 1 0 0 0 0 1 0 1 0 0 1 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 1 192 1 0 0 0 0 0 0 0 0 0 0 0 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 1300 I STREET NW 700 E WASHINGTON DC 20005 JAMES COOPER PRESIDENT AND CEO (THROUGH 12/23) 34.50 3.00 X 875940 70075 102554 KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 34.50 3.00 X 329030 26323 283075 NGOC VU CHIEF INFORMATION OFFICER 34.50 3.00 X 431826 34546 87728 MARGARET LIU EVP, STRATEGIC ENGAGEMENT 34.50 3.00 X 396264 31701 88319 VICKIE PECK INTERIM EVP, PRODUCTS AND SOLUTIONS 37.50 0.00 X 426470 0 67036 KELLY HAIRE EVP, PEOPLE OPERATIONS 34.50 3.00 X 357846 28627 84451 TODD SCHARF SR CHIEF INFORMATION SECURITY 34.50 3.00 X 350671 28054 58706 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 34.50 3.00 X 330834 26467 74229 KAREN LAWSON EVP, POLICY & SUPERVISION 37.50 0.00 X 371911 0 43053 KRIS ROWLEY CHIEF DATA OFFICER 37.50 3.00 X 307647 24612 69671 BRIDGET PLITT SENIOR VICE PRESIDENT, LEARNING & DEVELOPMENT 37.50 3.00 X 309443 24755 60524 BRANDON MILHORN PRESIDENT AND CEO (AS OF 12/23) 34.50 3.00 X 49841 3987 147 LISE KRUSE CHAIR (AS OF 6/23) 3.00 1.00 X X 0 0 0 CHARLIE CLARK CHAIR ELECT (AS OF 6/23) 3.00 1.00 X X 0 0 0 TOM FITE IMMEDIATE PAST CHAIR (AS OF 6/23) 3.00 1.00 X X 0 0 0 TONY SALAZAR VICE CHAIR (AS OF 6/23) 3.00 0.00 X X 0 0 0 ROSHUNDA KELLY TREASURER (AS OF 6/23) 3.00 1.00 X X 0 0 0 KELLY J LAMMERS SECRETARY (AS OF 6/23) 3.00 1.00 X X 0 0 0 ADRIENNE HARRIS MEMBER-AT-LARGE 3.00 0.00 X 0 0 0 JEFF PLAGGE MEMBER-AT-LARGE 3.00 0.00 X 0 0 0 SUSANNAH T MARSHALL CSBSEF BOARD CHAIR (AS OF 6/23) 3.00 1.00 X 0 0 0 KEVIN HAGLER SRR CHAIR 3.00 0.00 X 0 0 0 MARY GALLAGHER LEG CMTE CHAIR 3.00 0.00 X 0 0 0 ROBERTA HOLLINSHEAD REG CMTE CHAIR 3.00 0.00 X 0 0 0 MELANIE G HALL NDS CMTE CHAIR (AS OF 3/23) 3.00 0.00 X 0 0 0 DAWN HOLSTEIN SSPC CHAIR 3.00 0.00 X 0 0 0 ANDY ANDERSON CO-CHAIR, BAB (THROUGH 5/23) 3.00 0.00 X 0 0 0 MIKE HILL CO-CHAIR, BAB 3.00 0.00 X 0 0 0 GREG HAYES CO-CHAIR, BAB (AS OF 5/23) 3.00 0.00 X 0 0 0 JORGE PEREZ DISTRICT I CHAIR 3.00 0.00 X 0 0 0 KEVIN ALLARD DISTRICT II CHAIR 3.00 0.00 X 0 0 0 JEREMY SMITH DISTRICT III CHAIR 3.00 0.00 X 0 0 0 CHARLES COOPER DISTRICT IV CHAIR 3.00 0.00 X 0 0 0 PATTIE PERKINS DISTRICT V CHAIR (AS OF 6/23) 3.00 0.00 X 0 0 0 SHAUN BERRETT DISTRICT V CHAIR (THROUGH 6/23) 3.00 0.00 X 0 0 0 4537723 299147 1019493 128 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 NMLS DEVELOPMENT/HOSTING 12305705 CONCENTRIX CVG DELWARE INTERNATIONAL INC 201 EAST 4TH STREET CINCINNATI OH 45202 NMLS CALL CENTER 5125376 ACI PAYMENTS 660 CONVENTRY DRIVE ELKHORN NE 68022 NMLS- CREDIT CARD FEES 3281012 FEDERAL BUREAU OF INVESTIGATION CJIS DI 100 CUSTER HOLLOW ROAD CLARKSBURG WV 26306 FINGERPRINT IDENTIFICATION 3154545 FIELDPRINT 12000 COMMERCE PARKWAY STE 100 MT LAUREL NJ 08504 FINGERPRINT SERVICES 2530185 44 NMLS PROCESSING FEES 518210 72234070 72234070 MLO TESTING/EDUCATION 900099 9043412 9043412 MEMBERSHIP DUES/ASSESSMENTS 900099 6849469 6849469 EVENTS/SUMMITS 900099 96221 96221 88223172 4663089 4663089 41233 -41233 -41233 -41233 MANAGEMENT FEES 900099 8000 8000 8000 92853028 88223172 0 4629856 X 1705017 1705017 351920 351920 3320004 2895078 424926 24614187 21463829 3150358 2748707 2396901 351806 2592280 2260496 331784 1872888 1633178 239710 471228 410916 60312 360254 314145 46109 493837 430631 63206 63684 63684 7452683 6498818 953865 114995 100277 14718 4298359 3748214 550145 6424129 5601908 822221 1542945 1345464 197481 631139 550360 80779 5289 4612 677 536416 467760 68656 4948760 4315371 633389 292675 255216 37459 MLO EDUC COURSE FEES 14892496 12986413 1906083 FINGERPRINT PROCESSING 5782578 5042469 740109 MLO TESTING FEES 3580193 3121966 458227 SUBSCRIPTIONS 535593 467043 68550 375127 334552 40575 90007383 78702554 11304829 0 314239 300417 83823700 43418843 1634789 1797958 3022601 3999411 87885912 64093802 23769666 23792110 85319738 137168970 28708429 14423444 226593162 224901153 8407749 10982156 5004835 5017194 2075188 1971225 34687687 23466086 50175459 41436661 X 161854052 168911022 14563651 14553470 176417703 183464492 226593162 224901153 X 2845645 4201144 0 X X 0 1 X 1 0 X 77623877 92015923 114424808 102060324 88223172 474348104 77623877 92015923 114424808 102060324 88223172 474348104 0 5070898 5960322 8490866 25114220 2844331 47480637 5070898 5960322 8490866 25114220 2844331 47480637 426867467 5249616 3926851 5012547 5622316 4663089 24474419 5249616 3926851 5012547 5622316 4663089 24474419 14069 8000 8000 9440 8000 47509 82887562 95950774 119445355 107692080 92894261 498870032 0.85570 0.84230 0.04910 0.04990 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 MISCELLANEOUS REVENUE 0 0 493837 0 493837 0 89513546 90007383 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 278092 367504 469619 493837 1609052 250000 250000 250000 250000 1000000 1500000 1 233620 347442557 347524492 151685 1 X 4272167 301036 3971131 1469950 684136 785814 82143795 63108630 19035165 23792110 FUNDED DEFERRED COMPENSATION 2627997 OFFICE SPACE DEPOSIT 216428 OPERATING LEASE RIGHT-OF-USE ASSET 11579019 14423444 DEFERRED COMPENSATION LIABILITY 2627997 DUE TO RELATED ORGANIZATION 325971 OPERATING LEASE LIABILITIES 20512118 23466086 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 ACCOUNT. WE THEN REMIT THE COLLECTED FUNDS THE SAME DAY THEY ARE RECEIVED TO THE APPROPRIATE STATE AGENCIES. PART IV, LINE 2B: FROM TIME TO TIME, IN THE NORMAL COURSE OF TRANSACTIONS WITH STATES, CSBS HOLDS AMOUNTS ON ACCOUNT FOR INDIVIDUAL STATES. AT THE DIRECTION OF INDIVIDUAL STATES, CSBS HOLDS THESE FUNDS FOR FUTURE USE SUCH AS TRAINING OR EDUCATIONAL PROGRAMS SPONSORED BY CSBS, INCLUDING COSPONSORED DAY WITH THE COMMISSIONER PROJECTS IN VARIOUS INDIVIDUAL STATES. THE BALANCE OF THESE ACCOUNTS AT DECEMBER 31, 2023 AND 2022, WAS $87,186 AND $112,131, RESPECTIVELY. AS A RESULT OF THE NATIONAL MORTGAGE SETTLEMENT IN 2012, $65,000,000 WAS DISTRIBUTED TO CONFERENCE OF STATE BANK SUPERVISORS (CSBS), OF WHICH, $16,000,000 WAS GRANTED DIRECTLY TO CSBS 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 CSBS ACTING AS THE ESCROW AGENT. SINCE 2012 CSBS HAS DISTRIBUTED THE FUNDS TO THE STATES AS DIRECTED BY THE STATES. AS OF DECEMBER 31, 2023 AND 2022, CSBS HELD $1,488,973 AND $1,567,991, RESPECTIVELY. DURING 2020, $414,135 WAS DISTRIBUTED TO CSBS FOR THE AMERIQUEST SETTLEMENT FUND. THE FUND IS INTENDED TO BE DISTRIBUTED TO THE 50 STATES AND THE DISTRICT OF COLUMBIA WHICH WERE A PARTY TO THE SETTLEMENT WITH CSBS ACTING AS THE ESCROW AGENT. CSBS WILL DISTRIBUTE THE FUNDS TO THE STATES AS DIRECTED BY THE STATES SUBJECT TO APPROVAL BY A SPECIAL COMMITTEE INDEPENDENT OF CSBS. AS OF BOTH DECEMBER 31, 2023 AND 2022, CSBS HELD $395,066 IN THE AMERIQUEST SETTLEMENT FUND. 1 CSBS EDUCATION FOUNDATION 1300 I STREET NW 700 E WASHINGTON DC 20005 521347951 501(C)(3) 1705017 0 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 0 NMLS CONFERENCE SCHOLARSHIPS 151 200675 150245 FMV COMPLIMENTARY CONFERENCE REGISTRATION FEE COMMUNITY BANKING RESEARCH CONFERENCE CASE STUDY SCHOLARSHIP 1 1000 PART I, LINE 2: CONFERENCE OF STATE BANK SUPERVISORS (CSBS) AND STATE REGULATORY REGISTRY (SRR) PROVIDE SUPPORT TO CONFERENCE OF STATE BANK EDUCATION FOUNDATION (THE FOUNDATION), AS THE FOUNDATION SERVES AS THE EDUCATIONAL ARM OF CSBS. THE GOVERNING BOARD OF CSBS RECEIVES UPDATES ON THE PROGRAM ACCOMPLISHMENTS OF THE FOUNDATION. CSBS ISSUES SCHOLARSHIPS TO INDIVIDUALS TO BE USED AT THEIR OWN DISCRETION. NMLS CONFERENCE SCHOLARSHIPS ARE FOR THE REGISTRATION FEE FOR THE CONFERENCE. NO FUNDS ARE TRANSFERRED TO THE RECIPIENTS FOR THE REGISTRATION FEE, AND TRAVEL EXPENSES TO THE CONFERENCE ARE ONLY REIMBURSED AFTER GOING THROUGH AN INTERNAL REVIEW AND APPROVAL PROCESS FOR SCHOLARSHIP EXPENSE COMPLIANCE. X X X X X 0 1 0 0 0 0 0 1 0 JAMES COOPER PRESIDENT AND CEO (THROUGH 12/23) 696061 55685 155278 12422 24601 1968 57500 4600 37457 2997 970897 77672 0 0 KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 280002 22400 47157 3773 1871 150 36643 2931 225464 18037 591137 47291 0 0 NGOC VU CHIEF INFORMATION OFFICER 356669 28533 59375 4750 15782 1263 50577 4046 30653 2452 513056 41044 0 0 MARGARET LIU EVP, STRATEGIC ENGAGEMENT 325876 26070 57725 4618 12663 1013 46584 3727 35193 2815 478041 38243 0 0 VICKIE PECK INTERIM EVP, PRODUCTS AND SOLUTIONS 356005 0 57834 0 12631 0 49266 0 17770 0 493506 0 0 0 KELLY HAIRE EVP, PEOPLE OPERATIONS 297639 23811 51468 4117 8739 699 43179 3454 35017 2801 436042 34882 0 0 TODD SCHARF SR CHIEF INFORMATION SECURITY 298416 23873 49509 3961 2746 220 36667 2933 17691 1415 405029 32402 0 0 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 276585 22127 49400 3952 4849 388 39300 3144 29431 2354 399565 31965 0 0 KAREN LAWSON EVP, POLICY & SUPERVISION 317200 0 48532 0 6179 0 41448 0 1605 0 414964 0 0 0 KRIS ROWLEY CHIEF DATA OFFICER 264245 21140 41531 3322 1871 150 36667 2933 27844 2227 372158 29772 0 0 BRIDGET PLITT SENIOR VICE PRESIDENT, LEARNING & DE 266190 21295 41792 3343 1461 117 29057 2325 26983 2159 365483 29239 0 0 PART I, LINE 4B BRANDON MILHORN, PRESIDENT AND CEO, BEGAN PARTICIPATING IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) IN 2023. THERE WERE NO DEFINED BENEFIT ACCRUALS INTO THE PLAN OR DISTRIBUTIONS FROM THE PLAN IN 2023. PART I, LINE 7 CONFERENCE OF STATE BANK SUPERVISORS PROVIDES NON-FIXED INCENTIVE COMPENSATION PAYMENTS TO THEIR EMPLOYEES. LEADERSHIP ENGAGES IN MAKING INCENTIVE COMPENSATION PAYMENT RECOMMENDATIONS BASED ON LEADERSHIP'S ASSESSMENT OF THE INDIVIDUAL EMPLOYEES PERFORMANCE AND OVERALL CONTRIBUTION DURING THE YEAR. 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 OF STATE BANK SUPERVISORS (CSBS) 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. CSBS' 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 CSBS AND ARE NOT ELIGIBLE TO HOLD AN ELECTED OFFICE IN CSBS. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS OF THE CONFERENCE OF STATE BANK SUPERVISORS (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 CONFERENCE OF STATE BANK SUPERVISORS 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 CONFERENCE OF STATE BANK SUPERVISORS' MANAGEMENT TEAM REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. IN ADDITION, THE FORM 990 IS EMAILED TO THE BOARD OF DIRECTORS AND POSTED IN THE BOARD PORTAL FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A REVISED CONFLICT OF INTEREST POLICY WAS ADOPTED IN DECEMBER 2023 COVERING CONFERENCE OF STATE BANK SUPERVISORS (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 INTERESTS ARE POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS FOR CSBS EMPLOYEES ARE REVEIWED BY THE CHIEF EXECUTIVE OFFICER AND IF THE POTENTIAL CONFLICT IS GREATER THAN $5,000, THE CSBS AUDIT COMMITTEE WILL ALSO BE CONSULTED. 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 CHIEF EXECUTIVE OFFICER, AND THE PRESIDENT OF THE RESPECTIVE ORGANIZATION OR AFFILIATE (IF DIFFERENT). FORM 990, PART VI, SECTION B, LINE 15 CONFERENCE OF STATE BANK SUPERVISORS (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. THE FINANCE, COMPENSATION, AND BENEFITS COMMITTEE COMPLETED THEIR LAST REVIEW IN JULY 2020. THE CHIEF EXECUTIVE OFFICER'S CONTRACT (INCLUDING COMPENSATION) WAS VOTED AND APPROVED BY THE FULL BOARD OF DIRECTORS IN NOVEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. 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 ORGANIZATION'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. FORM 990, PART X, COLUMN (A), LINES 19, 21, & 25: IN 2023, CONFERENCE OF STATE BANK SUPERVISORS DETERMINED THAT IT WAS MORE APPROPRIATE TO INCLUDE IN COLUMN (B) (END OF YEAR) FOR LINE 21 (ESCROW OR CUSTODIAL ACCOUNT LIABILITY) CERTAIN ITEMS INCLUDED IN PRIOR YEAR FORMS 990 IN LINES 19 (DEFERRED REVENUE) AND 25 (OTHER LIABILITIES). CONFORMING ADJUSTMENTS HAVE BEEN MADE TO THE 2023 BEGINNING OF YEAR AMOUNTS LISTED IN COLUMN (A) OF PART X. STATE REGULATORY REGISTRY LLC 1300 I STREET NW 700 E WASHINGTON DC 20005 205641694 THE DEVELOPMENT AND OPERATION OF NMLS DC 77754787 170346516 CONFERENCE OF STATE BANK SUPERVISORS INC CSBS EDUCATION FOUNDATION 1300 I STREET NW 700 E WASHINGTON DC 20005 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 0 0 0 0 CSBS EDUCATION FOUNDATION B 1705017 COST CSBS EDUCATION FOUNDATION N 377929 ALLOCATION CSBS EDUCATION FOUNDATION O 1089924 ALLOCATION