Michael J. Hsu to Become Acting Comptroller of the Currency May 10, 2021

News Release 2021-51 | May 7, 2021 Share This Page: WASHINGTON—The U.S. Department of the Treasury today announced that Michael J. Hsu will become Acting Comptroller of the Currency on May 10, 2021, pursuant to 12 USC 4 as designated by Secretary of the Treasury Janet Yellen. Blake Paulson, who has served as Acting Comptroller of […]

Treasury Announces Additional $21.6 Billion in Emergency Rental Assistance Allocation

Today’s Announcement Includes Strengthened Guidance to Expedite Resources and Prevent Evictions Due to the Affordable Housing Challenges Exacerbated by Covid-19 WASHINGTON – Today, the U.S. Department of the Treasury, in coordination with the White House American Rescue Plan Implementation Team and the U.S. Department of Housing and Urban Development, announced the allocation of an additional […]

Secretary Yellen Announces Intention to Appoint Michael J. Hsu as First Deputy Comptroller of the Office of the Comptroller of the Currency

WASHINGTON – U.S. Treasury Secretary Janet L. Yellen today announced her intention to appoint Michael J. Hsu as a Deputy Comptroller and designate him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC). Mr. Hsu will serve as Acting Comptroller. “Today, I’m pleased to appoint Michael Hsu to the post […]

More than 1.1 million additional Economic Impact Payments disbursed under the American Rescue Plan; payments total approximately 164 million

WASHINGTON — Today, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing more than 1.1 million payments in the eighth batch of Economic Impact Payments from the American Rescue Plan. Today’s announcement brings the total disbursed so far to approximately 164 million payments, […]

Minutes of the Meeting of the Treasury Borrowing Advisory Committee May 4, 2021

The Committee convened in a closed session via teleconference at 10:45 a.m.  All members were present.  Fiscal Assistant Secretary David Lebryk, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Nick Steele welcomed the Committee.  Other members of […]

Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee

May 4, 2021 Letter to the Secretary Dear Madam Secretary: Economic activity rose strongly in the first quarter of 2021, with a 6.4% annualized increase in real GDP. Since the Committee last met, further fiscal support, rapid vaccination that has now reached more than half of American adults, and a recovery in the sectors of […]

Statement by Charles Moravec, Temporary Alternate Governor for the United States 2021 Virtual Annual Meeting, Business Session

On behalf of Secretary Yellen and Acting U.S. Governor Baukol, I am pleased to represent the United States of America at the virtual 54th Annual Meeting of the Asian Development Bank (ADB). The past year was tremendously challenging for ADB and the Asia Pacific region – arguably the most demanding year that ADB has ever […]

Economy Statement by Catherine Wolfram, Acting Assistant Secretary for Economy Policy, for the Treasury Borrowing Advisory Committee

WASHINGTON – Last week, the Bureau of Economic Analysis confirmed that the U.S. economy has now expanded for three consecutive quarters, after the pandemic caused GDP to plummet 19.2 percent at an annual rate in the first half of 2020. In the first quarter of 2021, economic growth was bolstered by two additional rounds of […]

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

WASHINGTON – The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2020 were released today on the Treasury website at https://home.treasury.gov/data/treasury-international-capital-tic-system/us-liabilities-to-foreigners-from-holdings-of-us-securities. The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. […]

Remarks by Acting Under Secretary of International Affairs at the U.S. Department of the Treasury, Andy Baukol, at the Center for Strategic and International Studies

Thank you to CSIS and the Gates Foundation for hosting me and our distinguished panelists today.  It’s a particular honor for me to address this esteemed panel. The Commission’s new report puts a proper frame on the challenges we face as policymakers at this juncture of the recovery.  Just a few weeks ago, finance ministers […]