The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2021. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Chinese Ambassador to the United States Qin Gang
WASHINGTON- Secretary of the Treasury Janet L. Yellen today met with the Chinese Ambassador to the United States, Qin Gang. They exchanged views on global macroeconomic and financial developments as part of efforts to maintain communication and work together on transnational challenges. Secretary Yellen noted that she looks forward to future engagements with the Chinese […]
Treasury Further Constrains Russia’s Financial Services Sector
Sanctions Increase Pressure on Two Prominent Financial Institutions in Russia WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adding 18 entities related to the Russian Federation’s financial services sector to the Specially Designated Nationals and Blocked Persons List (SDN List). These designations, taken along with the Department […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with the President of the Republic of Senegal Macky Sall
As Prepared for Delivery President Sall, Minister of Finance Bâ, and other honored guests, I am pleased to welcome you and this important delegation from Senegal to Washington today. The United States highly values our bilateral relationship with Senegal. Senegal is a major economic center in West Africa and an important partner to the United […]
Remarks by Secretary of the Treasury Janet L. Yellen at U.S.-Africa Leaders Summit: Heads of State Session on Food Security
As Prepared for Delivery Good afternoon. I am pleased to welcome you today to a discussion with President Biden and other Leaders on the food security crisis impacting Africa and the rest of the world. A strengthened U.S. partnership with Africa is vitally important to enhance food security in the immediate term, as well as […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with the President of the Republic of Zambia Hakainde Hichilema
As Prepared for Delivery I am pleased to welcome President Hichilema and the Zambian delegation, who are in Washington for the African Leaders Summit. Under President Biden’s new strategy for partnering with Africa, a guiding principle has been that we must engage African leaders and citizens to solve common global challenges. This partnership is particularly […]
Treasury Sanctions Major Drug Trafficker in the Dominican Republic
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Jose Calderon Rijo, a.k.a. “La Araña” (Calderon Rijo), pursuant to Executive Order (E.O.) 14059, for having engaged in, or attempted to engage in, activities or transactions that materially contributed to, or pose a significant risk of materially contributing to, […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the U.S.-Africa Leaders Summit’s African and Diaspora Young Leaders Forum
As Delivered Thank you all so much for joining us today. My name is Wally Adeyemo, and I am the Deputy Secretary of the United States Treasury. I want to thank the President of Ghana for being here today and for his efforts to strengthen the African Diaspora community. The success of Ghana’s Year of […]
Remarks by Assistant Secretary for Economic Policy Ben Harris at the Brookings Institution’s Retirement Security Project Event
As Prepared for Delivery Thank you so much for inviting me to speak on the topic of retirement security and the wellbeing of older Americans. I consider this to be one of the most important issues in public policy—and one that deserves special consideration in the wake of the pandemic. Even before Americans spent their […]
OCC Reports Third Quarter 2022 Bank Trading Revenue
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $12.7 billion in the third quarter of 2022. The third quarter trading revenue was $2.4 billion, or 22.9 percent, more than in the previous quarter and $5.8 billion, or 84.1 percent, more than in […]