2025-11-12T09:37:45-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS CONF 2022962840 1300 I STREET NW 700 E WASHINGTON DC 20005 LEILA GREEN EXECUTIVE VICE PRESIDENT/CFO 2022962840 2025-11-10 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-10 2024 2025-03-06 01:10:19Z BRANDON MILHORN 1300 I STREET NW 700 E WASHINGTON DC 20005 97592138 0 X WWW.CSBS.ORG X 1996 DC THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS THE PROFESSIONAL ORGANIZATION OF FINANCIAL REGULATORS FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, THE U.S. VIRGIN ISLANDS. CSBS ADVOCATES FOR THE DUAL BANKING SYSTEM AND PROVIDES STATES WITH CRITICAL INFRASTRUCTURE FOR FOSTERING INNOVATIVE, RESPONSIVE SUPERVISION. CSBS, ON BEHALF OF STATE REGULATORS, ALSO OPERATES THE NATIONWIDE MULTISTATE LICENSING SYSTEM & REGISTRY (NMLS). STATES USE THE NMLS TO LICENSE AND REGISTER FINANCIAL SERVICE PROVIDERS AND ITS SUPERVISORY COMPONENT, THE STATE EXAMINATION SYSTEM (SES) TO HARMONIZE AND AUTOMATE SUPERVISORY PROCESSES, STREAMLINING EXAMINATIONS AND IMPROVING OVERSIGHT OF NONBANK FINANCIAL INSTITUTIONS. 20 20 196 96 0 0 0 0 88223172 91709863 4621856 5874275 8000 8000 92853028 97592138 2056937 2728053 0 0 35148066 35162294 0 0 0 52802380 53605290 90007383 91495637 2845645 6096501 224901153 242487406 41436661 50677969 183464492 191809437 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 71928004 333160 84371418 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. KNOWN AS THE "SAFE ACT," THE LAW WAS ENACTED TO ENHANCE CONSUMER PROTECTION AND REDUCE FRAUD THROUGH REQUIRED MINIMUM STANDARDS FOR THE LICENSING AND REGISTRATION OF STATE-LICENSED MORTGAGE LOAN ORIGINATORS (MLOS). THE LAW ALSO CALLS ON 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 2024, MORE THAN 550,000 INDIVIDUALS WERE LICENSED OR REGISTERED THROUGH NMLS, MORE THAN 34,000 COMPANIES HELD A STATE LICENSE, AND ANOTHER 8,000 COMPANIES HELD A FEDERAL REGISTRATION. WHILE ALL REGISTRATIONS ARE FROM THE MORTGAGE INDUSTRY, THE LICENSES ARE HELD BY FIRMS ENGAGED IN ANY OF THE 70-PLUS NONBANK FINANCIAL ACTIVITIES FOR WHICH STATES REQUIRE LICENSING, INCLUDING MORTGAGE, MORTGAGE SERVICING, MONEY SERVICES BUSINESSES, CONSUMER FINANCE AND DEBT COLLECTION. RECOGNIZING TECHNOLOGICAL ADVANCES OVER THE PAST 16 YEARS, CSBS HAS TAKEN STEPS TO UPDATE THE NMLS PLATFORM. THIS YEAR, WE UPGRADED THE LOGIN PROCESS, ALLOWING USERS TO RECOVER THEIR PASSWORD WITHOUT CONTACTING THE CALL CENTER AND TO CONSOLIDATE MULTIPLE NMLS ACCOUNTS USING ONLY ONE LOGIN. 9965055 0 7230554 THE GOVERNMENT RELATIONS FUNCTION OF CONFERENCE OF STATE BANK SUPERVISORS 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 SERVING AS STATE REGULATORS' LIAISON WITH FEDERAL FINANCIAL REGULATORS. STAFF ALSO ENGAGE IN 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. 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. 2394893 2394893 CONFERENCE OF STATE BANK SUPERVISORS (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. 316438 0 110385 THE COMMUNICATIONS TEAM PROMOTES THE ORGANIZATION'S PRIORITIES THROUGH STRATEGY AND INFRASTRUCTURE; COMMUNICATIONS MANAGES AND STRENGTHENS CONFERENCE OF STATE BANK SUPERVISORS' (CSBS) VOICE, MESSAGING, AND IDENTITY ACROSS AUDIENCES THROUGH SPEAKING ENGAGEMENTS, MEDIA RELATIONS, EDITORIAL CONTENT, AND DIGITAL MARKETING, INCLUDING THE CSBS WEBSITE AND SOCIAL MEDIA CHANNELS. 316438 0 110385 84604390 1 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 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 61 0 1 196 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 CHARLIE CLARK CHAIR (AS OF 6/24) 3.00 0.00 X X 0 0 0 TONY SALAZAR CHAIR ELECT (AS OF 6/24) 3.00 0.00 X X 0 0 0 LISE KRUSE IMMEDIATE PAST CHAIR (AS OF 6/24) 3.00 0.00 X X 0 0 0 RHOSHUNDA KELLY VICE CHAIR (AS OF 6/24) 3.00 1.00 X X 0 0 0 KELLY J LAMMERS TREASURER (AS OF 6/24) 3.00 1.00 X X 0 0 0 SUSANNAH T MARSHALL SECRETARY (AS OF 6/24) 3.00 1.00 X X 0 0 0 ADRIENNE HARRIS MEMBER-AT-LARGE 3.00 0.00 X 0 0 0 DARRYLE RUDE MEMBER-AT-LARGE 3.00 0.00 X 0 0 0 THOMAS FITE FOUNDATION BOARD CHAIR 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 (THROUGH 5/24) 3.00 0.00 X 0 0 0 DAWN HOLSTEIN SSPC CHAIR 3.00 0.00 X 0 0 0 MIKE HILL CO-CHAIR, BAB 3.00 0.00 X 0 0 0 BRET AFDAHL NON DEPOSITORY COMMITTEE CHAIR 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 KATE BOSKEN 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 3.00 0.00 X 0 0 0 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 37.50 3.00 X 297392 23791 78047 BRANDON MILHORN PRESIDENT AND CEO 37.50 3.00 X 645999 51680 241624 NGOC VU CHIEF INFORMATION OFFICER 37.50 3.00 X 384822 30785 91383 MARGARET LIU EVP, GENERAL COUNSEL 37.50 3.00 X 378969 30318 100978 VICKIE PECK EVP, PRODUCTS & SOLUTIONS 37.50 3.00 X 349475 27959 69505 KELLY HAIRE EVP, PEOPLE OPERATIONS 37.50 3.00 X 314779 25183 90571 KAREN LAWSON EVP, POLICY & SUPERVISION 37.50 3.00 X 308604 24688 43067 KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 37.50 3.00 X 290150 23212 83756 LEONARD CHANIN CHIEF COUNSEL TO THE PRESIDENT 37.50 3.00 X 330658 26452 44950 KRIS ROWLEY CHIEF DATA OFFICER 37.50 3.00 X 273508 21880 71392 MARY QUIST SVP, BANK SUPERVISION 37.50 3.00 X 255921 20473 73699 WAHID KARIM CHIEF ARCHITECT, ENTERPRISE ARCHITECTURE 37.50 3.00 X 264342 21148 47691 4094619 327569 1036663 136 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 NMLS DEVELOPMENT/HOSTING 25385517 CONCENTRIX CVG DELWARE INTERNATIONAL INC 201 EAST 4TH STREET CINCINNATI OH 45202 NMLS CALL CENTER 4691156 FEDERAL BUREAU OF INVESTIGATION CJIS DI 100 CUSTER HOLLOW ROAD CLARKSBURG WV 26306 FINGERPRINT IDENTIFICATION 3190871 ACI PAYMENTS 660 CONVENTRY DRIVE ELKHORN NE 68022 NMLS- CREDIT CARD FEES 3176472 FIELDPRINT 12000 COMMERCE PARKWAY STE 100 MT LAUREL NJ 08504 FINGERPRINT SERVICES 2663532 41 NMLS PROCESSING FEES 518210 74695210 74695210 MLO TESTING/EDUCATION 900099 9673714 9673714 MEMBERSHIP DUES/ASSESSMENTS 900099 7230554 7230554 EVENTS/SUMMITS 900099 110385 110385 91709863 5874275 5874275 MANAGEMENT FEES 900099 8000 8000 8000 97592138 91709863 0 5882275 X 2394893 2394893 333160 333160 3340391 2888701 451690 24085264 21817914 2267350 2944320 2208240 736080 2853515 2140136 713379 1938804 1454103 484701 421490 385118 36372 592176 559772 32404 445732 445732 66178 53730 12448 6754965 6622488 132477 123595 119108 4487 4168228 4138283 29945 7083278 6852790 230488 1115385 836539 278846 723606 694897 28709 6350 6350 820193 447375 372818 5318291 5103299 214992 344146 258109 86037 MLO EDUC COURSE FEES 14164383 14164383 FINGERPRINT PROCESSING 5981870 5981870 MLO TESTING FEES 4082345 4082345 SUBSCRIPTIONS 636722 536468 100254 756357 78587 677770 91495637 84604390 6891247 0 300417 500018 43418843 49227684 1797958 1570372 3999411 3557296 108929344 69430789 23792110 39498555 137168970 134090062 14423444 14043419 224901153 242487406 10982156 18700969 5017194 5613237 1971225 1932605 23466086 24431158 41436661 50677969 X 168911022 177260167 14553470 14549270 183464492 191809437 224901153 242487406 6096501 2248444 0 X X 0 1 X 1 0 X 92015923 114424808 102060324 88223172 91709863 488434090 92015923 114424808 102060324 88223172 91709863 488434090 0 5960322 8490866 25114220 2844331 3083816 45493555 5960322 8490866 25114220 2844331 3083816 45493555 442940535 3926851 5012547 5622316 4663089 5874275 25099078 3926851 5012547 5622316 4663089 5874275 25099078 8000 8000 9440 8000 8000 41440 95950774 119445355 107692080 92894261 97592138 513574608 0.86250 0.85570 0.04890 0.04910 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MANAGEMENT FEES - 2020 AMOUNT: $ 8,000. 2021 AMOUNT: $ 8,000. 2022 AMOUNT: $ 8,000. 2023 AMOUNT: $ 8,000. 2024 AMOUNT: $ 8,000. MISCELLANEOUS REVENUE - 2022 AMOUNT: $ 1,440. 0 0 445732 0 445732 0 91049905 91495637 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 367504 469619 493837 445732 1776692 250000 250000 250000 250000 1000000 1500000 1 151685 360005840 359962398 195127 1 X 4279691 606921 3672770 1631440 937929 693511 103018213 67885939 35132274 39498555 FUNDED DEFERRED COMPENSATION 2986904 OFFICE SPACE RENT DEPOSIT 216428 OPERATING LEASE RIGHT-OF-USE ASSET 10840087 14043419 DEFERRED COMPENSATION LIABILITY 2986904 DUE TO RELATED ORGANIZATION 545904 OPERATING LEASE LIABILITIES 20898350 24431158 X 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, CONFERENCE OF STATE BANK SUPERVISORS (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, 2024 AND 2023, WAS $90,668 AND $87,186, RESPECTIVELY. AS A RESULT OF THE NATIONAL MORTGAGE SETTLEMENT IN 2012, $65,000,000 WAS DISTRIBUTED TO 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, 2024 AND 2023, CSBS HELD $1,475,466 AND $1,488,973, 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, 2024 AND 2023, CSBS HELD $366,471 AND $395,066 IN THE AMERIQUEST SETTLEMENT FUND. PART X, LINE 2: CONFERENCE OF STATE BANK SUPERVISORS (CSBS) AND THE CSBS EDUCATION FOUNDATION, A RELATED TAX EXEMPT ORGANIZATION, ARE BOTH EXEMPT FROM THE PAYMENT OF INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND ARE CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(2) AND SECTION 509(A)(3) OF THE IRC, RESPECTIVELY. SRR HAS BEEN RULED BY THE INTERNAL REVENUE SERVICE TO BE A SINGLE-MEMBER DOMESTIC LIMITED LIABILITY COMPANY AND IS THEREFORE DISREGARDED AS A SEPARATE ENTITY FOR INCOME TAX PURPOSES. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, CSBS MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF CSBS AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 1 CSBS EDUCATION FOUNDATION 1300 I STREET NW 700 E WASHINGTON DC 20005 521347951 501(C)(3) 2394893 0 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 0 NMLS CONFERENCE SCHOLARSHIPS 160 173960 159200 FMV COMPLIMENTARY CONFERENCE REGISTRATION FEE 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. 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 BRANDON MILHORN PRESIDENT AND CEO 622685 49815 0 0 23314 1865 179306 14344 44420 3554 869725 69578 0 0 MARGARET LIU EVP, GENERAL COUNSEL 364549 29164 0 0 14420 1154 49384 3951 44114 3529 472467 37798 0 0 NGOC VU CHIEF INFORMATION OFFICER 368904 29512 0 0 15918 1273 51400 4112 33214 2657 469436 37554 0 0 VICKIE PECK EVP, PRODUCTS & SOLUTIONS 336756 26941 0 0 12719 1018 46291 3703 18066 1445 413832 33107 0 0 KELLY HAIRE EVP, PEOPLE OPERATIONS 306395 24512 0 0 8384 671 43328 3466 40534 3243 398641 31892 0 0 LEONARD CHANIN CHIEF COUNSEL TO THE PRESIDENT 319655 25572 0 0 11003 880 41389 3311 232 18 372279 29781 0 0 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 292064 23365 0 0 5328 426 39927 3194 32339 2587 369658 29572 0 0 KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 287994 23039 0 0 2156 173 35978 2878 41574 3326 367702 29416 0 0 KAREN LAWSON EVP, POLICY & SUPERVISION 304018 24321 0 0 4586 367 37945 3036 1931 155 348480 27879 0 0 KRIS ROWLEY CHIEF DATA OFFICER 270649 21652 0 0 2859 228 33549 2684 32555 2604 339612 27168 0 0 MARY QUIST SVP, BANK SUPERVISION 254135 20330 0 0 1786 143 31666 2533 36574 2926 324161 25932 0 0 WAHID KARIM CHIEF ARCHITECT, ENTERPRISE ARCHITEC 261667 20934 0 0 2675 214 31411 2513 12747 1020 308500 24681 0 0 PART I, LINE 4B BRANDON MILHORN, PRESIDENT AND CEO, PARTICIFICATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). IN 2024, THE DEFINED BENEFIT ACCRUAL AMOUNT OF $130,000 IS REPORTED AS DEFERRED COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN 2024. 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 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). 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: CONFERENCE OF STATE BANK SUPERVISORS' OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. STATE REGULATORY REGISTRY LLC 1300 I STREET NW 700 E WASHINGTON DC 20005 205641694 THE DEVELOPMENT AND OPERATION OF NMLS DC 79825727 196571983 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 2394893 COST CSBS EDUCATION FOUNDATION N 185868 ALLOCATION CSBS EDUCATION FOUNDATION O 397749 ALLOCATION