WASHINGTON – Today, at the G7 Leaders’ Summit in Germany, President Biden and fellow G7 Leaders formally launched the Partnership for Global Infrastructure and Investment (PGII), a values-driven, high-standard, and transparent partnership to meet the enormous infrastructure needs of low- and middle-income countries without trapping them in cycles of debt. PGII will mobilize billions of […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to Turkey
ANKARA — Deputy Secretary of the Treasury Wally Adeyemo traveled to Turkey on June 22-24 to engage the NATO Ally and partner on Turkish and regional economic issues, combatting terrorist financing, and Russia’s war against Ukraine. In Ankara, he met with government officials including from the Ministry of Foreign Affairs and the Ministry of Treasury and Finance. In Istanbul, the Deputy Secretary spoke […]
OCC Announces Changes to Executive Committee Membership
News Release 2022-74 | June 24, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced changes to the membership of its Executive Committee, effective July 1, 2022. Blake Paulson, Senior Deputy Comptroller for Supervision Risk and Analysis, has announced his retirement, effective August 31. Mr. Paulson joined the OCC in […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Treasurer Jim Chalmers of Australia
WASHINGTON – Secretary of the Treasury Janet L. Yellen spoke today with recently-appointed Treasurer Jim Chalmers of Australia. Secretary Yellen welcomed Australia’s strong partnership in holding Russia accountable for its illegal and unprovoked war against Ukraine. During the call, Secretary Yellen reaffirmed Treasury’s commitment to a robust U.S.-Australia economic relationship. Secretary Yellen discussed working […]
OCC Reports on Key Risks Facing Federal Banking System
News Release 2022-73 | June 23, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2022. As banks continue to navigate the operational- and market-related impacts of the pandemic along with substantial government stimulus, current […]
OCC Hosts Denver Workshop for National Community Bank Board Directors, Bank Management
News Release 2022-72 | June 23, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a workshop in Denver for directors, senior management team members, and other key executives of national community banks and federal savings associations, July 19-20. The Building Blocks: Keys to Success for Directors and Senior Management […]
Treasury Launches New Effort to Improve Resilience of its Market
Department Seeks Public Input on Additional Transparency in Treasury Market WASHINGTON — The U.S. Department of the Treasury, in consultation with the Inter-Agency Working Group on Treasury Market Surveillance (IAWG), has taken the next step in its work to bolster Treasury market resilience by publishing a request for information (RFI) to solicit public feedback on […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the United Arab Emirates Banks Federation Roundtable
As Prepared for Delivery Thank you all for joining me today, and thank you to the UAE Banks Federation for bringing this group together. It’s great to be with you again, seven months since our last meeting. I want to start by commending your commitment to building robust systems for preventing money laundering and protecting […]
OCC Reports First Quarter 2022 Bank Trading Revenue
News Release 2022-71 | June 21, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $10.6 billion in the first quarter of 2022. The first quarter trading revenue was $3.4 billion, or 47.8 percent, more than in the previous quarter […]
OCC Hosts Credit and Operational Risk Workshops in Pittsburgh
News Release 2022-70 | June 21, 2022 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops July 12-13 in Pittsburgh for directors of community banks and federal savings associations of OCC-supervised institutions. The Credit Risk: Directors Can Make a Difference workshop on July 12 covers the roles […]