WASHINGTON — State and local governments distributed nearly $2.8 billion from the Department of Treasury’s Emergency Rental Assistance (ERA) program to more than 510,000 households in September, up from 459,000[1] in August. Through September 30, state, local, and Tribal governments have made over 2 million payments to households and distributed over $10 billion. The September […]
Category Archives: U.S. Treasury
G20 Health and Finance Board Letter
Dear Colleagues: We are writing to ask for your support at the upcoming G20 Health and Finance Ministerial to launch a forum for health and finance coordination. We have a political window of opportunity to act this month so that we are better prepared to prevent the next deadly pathogen from becoming a pandemic. While […]
Treasury Announces Appointment of Ventris Gibson as Deputy Director of the U.S. Mint
WASHINGTON — Today, the U.S. Department of the Treasury announced the appointment of Ventris Gibson to serve as Deputy Director of the U.S Mint. Ms. Gibson brings decades of senior federal service to the role and is a United States Navy veteran. She will serve as Acting Director, making her the first Black person to […]
U.S. Department of the Treasury Appoints First Counselor for Racial Equity
WASHINGTON — Today, Secretary of the Treasury Janet L. Yellen announced the appointment of Janis Bowdler to serve as the Department’s first Counselor for Racial Equity. Ms. Bowdler will be charged with coordinating Treasury’s efforts to advance racial equity including engaging with diverse communities throughout the country and to identify and mitigate barriers to accessing […]
OCC Assesses $4 Million Civil Money Penalty Against Trustmark National Bank For Violations of the Fair Housing Act
News Release 2021-109 | October 22, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $4 million civil money penalty against Trustmark National Bank, Jackson, Miss., for violations of the Fair Housing Act. The OCC found that Trustmark National Bank denied residents of majority minority and high minority neighborhoods […]
Joint Statement by Secretary of the Treasury Janet L. Yellen and Acting Director of the Office of Management and Budget Shalanda D. Young on Budget Results for Fiscal Year 2021
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen and White House Office of Management and Budget (OMB) Acting Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2021. The deficit in FY 2021 was $360 billion less than in the prior fiscal year, reflecting an improved economy due […]
United States Supports OECD Deal on Prohibiting Official Export Financing for Unabated Coal Power
WASHINGTON — Today, the U.S. Department of the Treasury announced that the United States joined other OECD Participants to the Arrangement on Officially Supported Export Credits in agreeing on new disciplines that prohibit export credits for all new unabated coal power generation technology. Only carbon capture, utilization, and sequestration technology, or “CCUS,” qualifies as abatement. […]
Statement by the Acting Comptroller of the Currency on FSOC Climate Change Report
News Release 2021-108 | October 21, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the FSOC Climate Change Report: Thank you, Madam Chair, and thank you to the FSOC and interagency staff for today’s […]
READOUT: Financial Stability Oversight Council Meeting on October 21, 2021
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference. During the executive session, the Council received an update on the development of the Council’s 2021 annual report. The Council also received an update from Treasury […]
Financial Stability Oversight Council Identifies Climate Change as an Emerging and Increasing Threat to Financial Stability
In First Step, FSOC Releases Report and Recommendations on Climate-related Financial Risk WASHINGTON — The Financial Stability Oversight Council (FSOC) has released a new report in response to President Biden’s Executive Order 14030, Climate-related Financial Risk. For the first time, FSOC has identified climate change as an emerging and increasing threat to U.S. financial stability. […]