As prepared for delivery Thank you to our Indonesian hosts for arranging this seminar to advance our joint efforts to strengthen the global health architecture. We all are aware of the terrible human and economic toll that the pandemic has wrought. And we are not yet on the other side of this pandemic. The pandemic […]
Category Archives: U.S. Treasury
Treasury Releases Financial Report of the U.S. Government
WASHINGTON — The U.S. Department of the Treasury, in consultation with the Office of Management and Budget, released the fiscal year 2021 (FY 2021) Financial Report of the U.S. Government today. The report presents the government’s current financial position and condition and discusses key financial topics and trends. This Financial Report includes discussion and analysis […]
Treasury’s Federal Insurance Office Continues Efforts on Climate-Related Financial Risks in the Insurance Sector, Joins the NGFS
WASHINGTON— The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today announced that it has joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). “FIO looks forward to working with its NGFS colleagues and to contributing to the NGFS’s important work and objectives,” said Director of the Federal Insurance […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with the Bank Policy Institute’s Technology Policy Division
WASHINGTON — U.S. Deputy Secretary of the Treasury Wally Adeyemo, joined by Jen Easterly, Director of the Cybersecurity and Infrastructure Agency (CISA) and Bryan Vorndran, Assistant Director of the Federal Bureau of Investigation’s (FBI) Cyber Division, met today with the Bank Policy Institute’s Technology Division (BITS) as part of the Treasury Department’s ongoing engagement with […]
Acting Comptroller of the Currency Launches Project REACh Efforts in Detroit
News Release 2022-17 | February 15, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit 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 the banking […]
Testimony of Under Secretary for Domestic Finance Nellie Liang before Committee on Banking, Housing, and Urban Affairs, U.S. Senate
As prepared for delivery Chairman Brown, Ranking Member Toomey, and other members of the Committee, thank you for the opportunity to testify this morning on stablecoins. Stablecoins are part of an emerging set of digital assets, activities, and services that could have profound implications for the U.S. financial system and economy. Treasury supports responsible innovation […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Deputy Prime Minister and Finance Minister of the Netherlands Sigrid Kaag
WASHINGTON – Earlier today, U.S. Secretary of the Treasury Janet L. Yellen held a call with the Deputy Prime Minister and Finance Minister of the Netherlands, Sigrid Kaag. The Secretary congratulated Minister Kaag on her recent appointment and expressed appreciation for the Netherlands’ commitment to the transatlantic partnership. Secretary Yellen welcomed the close coordination between […]
Agencies Issue 2021 Shared National Credit Review
News Release 2022-16 | February 14, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Federal bank regulatory agencies today released the 2021 Shared National Credit (SNC) Review Report. According to the two SNC examinations conducted last year, credit risk for large […]
Acting Comptroller Discusses Modernization of the Community Reinvestment Act
News Release 2022-15 | February 14, 2022 Share This Page: WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today discussed the history of the Community Reinvestment Act (CRA) with the National Community Reinvestment Coalition. His remarks highlighted how a modernized CRA can help address persistent disparities and gaps in wealth and economic opportunities in minority, […]
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2022
News Release 2022-14 | February 10, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s rule that implements stress test requirements of […]