Conference of State Bank Supervisors

“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.”

“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.”

“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.”

“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considered by the membership at an annual or special meeting of the regular members, and the bylaws could be amended or repealed by a two-thirds vote of the regular members or duly designated representatives enrolled as attending the meeting.”

“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.”

“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 disclose 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 reviewed 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).”

“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.”

“No documents available to the public.”

“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.”

“Conference of state bank supervisors' oversight and selection process has not changed from the prior tax year.”