The Honorable Sherrod Brown Chairman Banking, Housing, and Urban Affairs Committee United States Senate Washington, DC 20510 The Honorable Pat Toomey Ranking Member Banking, Housing, and Urban Affairs Committee United States Senate Washington, DC 20510 Dear Chairman Brown and Ranking Member Toomey: On behalf of the Conference of State Bank Supervisors (CSBS)1, I write to express my disappointment with the

The letter and the spirit of the law all indicate that this FDIC Board Seat requirement is only met by a person who has worked in state government as a supervisor of state-chartered banks

In 1996, with overwhelming support, Congress amended the Federal Deposit Insurance Act to require that one of the positions on the FDIC Board be held by someone with “State bank supervisory experience.”