News Release 2022-129 | October 18, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation (FDIC) board meeting: I support the FDIC’s joint issuance with the Federal Reserve of this Advance Notice of Proposed Rulemaking (ANPR) on resolution-related resource requirements for large […]
Category Archives: U.S. Treasury
Treasury’s Federal Insurance Office Takes Important Step to Assess Climate-related Financial Risk – Seeks Comment on Proposed Data Call
WASHINGTON – Today, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) issued a proposed data collection from insurers to assess climate-related financial risk across the United States. FIO is seeking public input on a proposed collection of data from property and casualty insurers regarding current and historical underwriting data on homeowners’ insurance. The […]
READOUT: Secretary of the Treasury Janet L. Yellen Convenes Multilateral Development Banks to Urge Scaled Up Infrastructure Investment and Private Sector Capital Mobilization
WASHINGTON – On October 18, 2022, U.S. Secretary of the Treasury Janet L. Yellen convened leaders of the multilateral development banks (MDBs) and fellow G7 MDB shareholders to stretch the MDBs’ ambition to scale up private capital mobilization in line with the G7 Partnership for Global Infrastructure and investment (PGII). Talking right after the Annual […]
Treasury Designates al-Shabaab Financial Facilitators
WASHINGTON — Today, the U.S. Department of the Treasury designated a network of al-Shabaab financial facilitators who hold leadership roles within al-Shabaab and act as key interlocutors between the group and local companies in Somalia. This network has engaged in weapons procurement, financial facilitation, and recruitment activities for al-Shabaab. In addition to being leaders within […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with UAE Minister of State for Financial Affairs
WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo met with His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and senior officials from the Central Bank of the United Arab Emirates on the sidelines of the Annual Meetings of the IMF and the World Bank. They discussed global macroeconomic trends, […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with AFL-CIO Leadership
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with AFL-CIO President Liz Shuler and Policy Director Damon Silvers about the strength of the U.S. labor market and how President Biden’s economic agenda will bolster the creation of good-paying jobs and further promote American manufacturing. Secretary Yellen noted that the U.S. economy has […]
OCC Announces Conditional Approval of U.S. Bank, National Association – MUFG Union Bank, National Association Merger
News Release 2022-128 | October 14, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today conditionally approved the merger of MUFG Union Bank, National Association, San Francisco, California, into U.S. Bank, National Association (U.S. Bank). The approval follows consideration of numerous public comments submitted in writing and expressed during a public […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the National Bankers Association Annual Conference
As Prepared for Delivery Thank you all for having me today, and a special thank you to Nicole, who was recently selected to serve on Treasury’s Advisory Committee on Racial Equity. I know we will benefit from your expertise and insights into how we can build a more equitable Treasury and economy. I also had […]
Transcript of Press Conference from Secretary of the Treasury Janet L. Yellen as Part of 2022 IMF-World Bank Annual Meetings
Good afternoon, everyone. Let me start by thanking the IMF and the World Bank for this week’s meetings. Thank you also to Germany and Indonesia for their leadership of the G7 and G20. We’ve had a very productive week. Before I take your questions, I’d like to touch upon our progress in four areas. First, […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Bilateral Engagements with Baltic Finance Ministers
WASHINGTON — This week, Deputy Secretary of the Treasury Wally Adeyemo met separately with Latvian Finance Minister Jānis Reirs and Lithuanian Finance Minister Gintarė Skaistė, and spoke by phone with Estonian Finance Minister Keit Pentus-Rosimannus on the sidelines of the Annual Meetings of the IMF and World Bank. In these conversations, Deputy Secretary Adeyemo reaffirmed […]