Treasury to Invest $9 billion in Community Development Financial Institutions and Minority Depository Institutions through Emergency Capital Investment Program (ECIP)

ECIP Provides Capital and Services to Low- and Moderate-Income, Historically Disadvantaged Communities Impacted by COVID-19 WASHINGTON – The U.S. Department of the Treasury announced that it was opening the application process for the Emergency Capital Investment Program (ECIP), a new initiative designed to support access to capital in communities traditionally excluded from the financial system […]

Acting Comptroller Marks Anniversary of Freedman’s Bank and the National Currency Act

News Release 2021-28 | March 3, 2021 Share This Page: WASHINGTON—Today, Acting Comptroller of the Currency Blake Paulson issued the following statement to staff to recognize the 158th anniversary of the National Currency Act, which created the Office of the Comptroller of the Currency, and the 156th anniversary of the Freedman’s Savings and Trust Company. Over […]

Treasury Sanctions Fugitive Associate of CJNG

OFAC Action Targets High-Level Cartel Facilitator WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Mexican national Juan Manuel Abouzaid El Bayeh (“Abouzaid El Bayeh”) as a Specially Designated Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). OFAC designated Abouzaid El Bayeh for his […]

OCC Releases CRA Evaluations for 13 National Banks and Federal Savings Associations

News Release 2021-27 | March 2, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of February 1, 2021 through February 28, 2021.  The list contains only national banks, federal savings associations, and […]

Treasury Sanctions Russian Officials in Response to the Novichok Poisoning of Aleksey Navalny

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) joined the U.S. Departments of State and Commerce in imposing sanctions in response to Russia’s poisoning and subsequent imprisonment of Russian opposition figure Aleksey Navalny.  Specifically, OFAC designated seven Russian government officials:  Federal Security Service (FSB) Director Aleksandr Bortnikov (Bortnikov), […]

Treasury Sanctions Key Military Leaders of the Ansarallah Militia in Yemen

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two key militants of the Iranian-backed Ansarallah, sometimes referred to as the Houthis, whose actions have prolonged Yemen’s civil war and exacerbated the country’s humanitarian crisis.  Mansur Al-Sa’adi and Ahmad ‘Ali Ahsan al-Hamzi are responsible for orchestrating attacks by […]

Treasury Announces Key Staff Appointments 

  WASHINGTON – Today, the United States Department of the Treasury announced several key additions to Treasury staff. These distinguished and diverse individuals join Treasury prepared to deliver results for the American people by addressing the public health crisis and resulting economic crisis, as well as inequality, racism, and climate change.   Biographies of the […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Australian Treasurer Josh Frydenberg

WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Australian Treasurer Josh Frydenberg.  During the call, Secretary Yellen affirmed the importance of the economic cooperation under the U.S.-Australia alliance. Secretary Yellen conveyed her priorities for supporting strong recovery efforts and mitigating the impact of the COVID-19 pandemic, combatting inequality and creating […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Call with European Commissioner for Economy Paolo Gentiloni

WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Commissioner for Economy Paolo Gentiloni. Secretary Yellen emphasized the importance of the transatlantic partnership and conveyed her intention to deepen U.S.-European cooperation on key policy challenges, including ending the pandemic, supporting a strong global economic recovery, fighting income inequality, and forcefully […]

Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2020

WASHINGTON – Preliminary data from the June 2020 annual survey of foreign portfolio holdings of U.S. securities were released today on the Treasury website at http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/shlreports.aspx. Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 30, 2021. The survey was undertaken jointly […]