News Release 2022-30 | March 28, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Prime Minister of Singapore Lee Hsien Loong
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Prime Minister of Singapore Lee Hsien Loong to discuss the U.S.-Singapore bilateral relationship, U.S. economic engagement in the Indo-Pacific, and the outlook for the global economy. Secretary Yellen welcomed cooperation with Singapore on areas of mutual interest, particularly in combating the existential threat of climate change. Secretary Yellen affirmed the United States’ support […]
Statement by Treasury Secretary Janet L. Yellen on the President’s Fiscal Year 2023 Budget and Treasury Strategic Plan for Fiscal Years 2022-2026
The President’s Budget requests $20.5 billion in discretionary resources for the Department of the Treasury’s domestic and international programs to support a fair and equitable tax system, expand access to capital in disadvantaged communities, advance the President’s historic climate finance pledge, and safeguard the financial system. WASHINGTON — The Biden-Harris Administration today submitted to Congress […]
U.S. Department of the Treasury Releases Greenbook, Outlining Tax Proposals Will Help Build a Better America
View the full Greenbook here. “This Budget continues the economic momentum and deficit reduction the President set in motion through smart, fiscally sound investments in the security, health, and prosperity of the nation. This Budget also furthers a fairer, more efficient tax code that will allow funding for key fiscal priorities that promote opportunity for […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Ukrainian Minister of Finance Sergii Marchenko
WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo spoke with Ukrainian Minister of Finance Sergii Marchenko ahead of his travel to Europe, where he will continue working with partners and Allies to impose costs on Russia for its brutal and illegal war of choice. The Deputy Secretary voiced fervent support for Ukraine […]
OCC Reports Fourth Quarter 2021 Bank Trading Revenue
News Release 2022-29 | March 25, 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 $7.5 billion in the fourth quarter of 2021. The fourth quarter trading revenue was $713.0 million, or 10.5 percent, more than in the previous quarter. […]
Treasury Sanctions Military Leaders, Military-Affiliated Cronies and Businesses, and a Military Unit Prior to Armed Forces Day in Burma
WASHINGTON — Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five individuals and five entities connected to Burma’s military regime pursuant to Executive Order (E.O) 14014. This action comes as the regime prepares to mark the 77th Armed Forces Day. The United States has concluded that the Burmese military […]
Treasury Sanctions Six Individuals for Raising funds in the United Arab Emirates to Support Nigeria’s Boko Haram Terrorist Group
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a network of six individuals connected to Nigeria-based terrorist group, Boko Haram. All six were found guilty of establishing a Boko Haram cell in the United Arab Emirates (UAE) to raise funds for and provide material assistance to Boko […]
U.S. Treasury Sanctions Russia’s Defense-Industrial Base, the Russian Duma and Its Members, and Sberbank CEO
New Guidance Issued to Continue to Blunt Central Bank’s Ability to Deploy International Reserves, Including Gold WASHINGTON – Today, in its latest action to impose severe costs on the Russian Federation for its illegal, unwarranted, and baseless war against Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating key […]
Acting Comptroller Issues Statement on Action Plan to Advance Property Appraisal and Valuation Equity
News Release 2022-28 | March 23, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement upon the release of the Property Appraisal and Valuation Equity (PAVE) Task Force Action Plan, which addresses and corrects mis-valuations of residential property for families and communities of color. The PAVE Action Plan describes […]