December 2, 2022 Following agreement by the 27 Member States of the European Union (EU), the members of the G7 (the United States, Canada, France, Germany, Italy, Japan, and United Kingdom) and Australia (collectively, the “Price Cap Coalition”) are joining the EU in adopting a price cap of $60/barrel on seaborne crude oil of Russian […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with French Finance Minister Bruno Le Maire
WASHINGTON – Earlier today, U.S. Secretary of the Treasury Janet L. Yellen met with French Finance Minister Bruno Le Maire. Secretary Yellen expressed her appreciation for Minister Le Maire and France’s close cooperation on actions that will deprive the Kremlin of revenues it needs to wage its illegal war on Ukraine. Secretary Yellen affirmed the […]
U.S. Sanctions Additional Corrupt Haitian Politicians for Drug Trafficking
United States and Canada Targeting Haiti’s Corruption and Drug Trade WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Haitian nationals Rony Celestin (Celestin) and Richard Lenine Hervé Fourcand (Fourcand) pursuant to Executive Order (E.O.) 14059 of December 15, 2021, “Imposing Sanctions on Foreign Persons Involved in the […]
OCC Reduces 2023 Assessments on National Banks and Federal Savings Associations
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2023 calendar year, reducing the rates in the general assessment fee schedule, and maintaining assessment rates from 2022 for the independent trust and independent credit card fee schedules. Changes to the general assessment fee schedule include reductions by 40 […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the White House Tribal Nations Summit
WASHINGTON—Yesterday, Deputy Secretary of the Treasury Wally Adeyemo delivered the following remarks during an armchair conversation at the 2022 White House Tribal Nations Summit moderated by U.S. Treasurer Chief Lynn Malerba. Deputy Secretary Adeyemo outlined significant steps Treasury has taken to deepen the Department’s nation-to-nation relationship with Tribal Nations. This includes the pivotal role the […]
Biden-Harris Administration Announces Florida, Georgia, Iowa, Minnesota, Missouri and Utah to Receive Nearly $1 Billion in American Rescue Plan Funds to Increase Access to Affordable, High-Speed Internet
The states will use their funding through the Capital Projects Fund to connect more than 180,000 homes and businesses to affordable, high-speed internet WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of broadband projects in an additional six states under the American Rescue Plan’s Capital Projects Fund Florida, Georgia, Iowa, Minnesota, Missouri and […]
Remarks by Assistant Secretary for Financial Markets Joshua Frost on the Historical and Current Perspectives on the Debt Limit at the Federal Reserve Bank of New York’s Annual Primary Dealers Meeting
As Prepared for Delivery Good afternoon and thank you to the New York Fed for inviting me to talk with you today. I’m delighted that circumstances permit our meeting in person again after these past few years of virtual interaction. In my role as Assistant Secretary for Financial Markets at Treasury, one of my main […]
Treasury Sanctions Hizballah Accountants and Weapons Facilitator
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two individuals and two companies based in Lebanon for providing financial services to Hizballah, along with an additional individual involved in facilitating weapons procurement for Hizballah. These designations target individuals and companies that manage and enable Hizballah’s […]
Treasury Targets Workers’ Party of Korea Officials Supporting DPRK Weapons Programs
Action Taken in Close Coordination with the Republic of Korea and Japan WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned three individuals for being officials of the Workers’ Party of Korea (WPK). These individuals have provided support to the Democratic People’s Republic of Korea’s (DPRK) development of […]
OCC Issues First and Second Quarter 2023 CRA Evaluation Schedule
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public […]