OCC Designates Four as Senior National Bank Examiners

News Release 2021-44 | April 13, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today designated Brad Biedermann, Kimberly Cahill, James Calhoun, and Roberta Caruso as Senior National Bank Examiners. The Senior National Bank Examiner designation recognizes examiners who have distinguished themselves through high-quality performance and service as field examiners, subject […]

Readout: Deputy Secretary Wally Adeyemo’s Meeting with the Executive Committee of the American Bankers Association (ABA)

Today, Deputy Secretary Wally Adeyemo met with members of the American Bankers Association (ABA) Executive Committee to discuss economic issues and priorities. Deputy Secretary Adeyemo started the call by thanking the participants from across the country for their partnership with Treasury to deliver much needed relief to the American people, including 3.6 million Paycheck Protection […]

READOUT: Treasury Co-Hosts Sudan Debt Relief Roundtable Event

WASHINGTON – Earlier today, Andy Baukol, Performing the Duties of Under Secretary of the Treasury for International Affairs, and Ambassador Donald Booth, U.S. Special Envoy for Sudan, co-hosted a virtual roundtable event to advance Sudan’s efforts to secure debt relief under the Heavily Indebted Poor Countries (HIPC) initiative.  Treasury welcomed the participation of His Excellency […]

Treasury Deputy Secretary Wally Adeyemo’s Meeting with North Carolina Small Business Owner

Today, Deputy Secretary Wally Adeyemo met virtually with Tula M. Garris, owner of Tula’s Fish & Chips in Greenville, North Carolina, to hear about the effects the COVID-19 pandemic had on her small business. The discussion was facilitated by the Center for Responsible Lending. Deputy Secretary Adeyemo asked about the challenges Ms. Garris faced weathering the […]

Agencies Issue Statement and Request for Information on Bank Secrecy Act/Anti-Money Laundering Compliance

News Release 2021-43 | April 9, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkNational Credit Union AdministrationOffice of the Comptroller of the Currency The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a […]

Statement by Secretary Yellen on the President’s FY22 Discretionary Funding Request

President Outlines Proposals to Support Fairness and Equity in Our Tax System, Invest in Communities and Small Businesses, and Safeguard the U.S. Financial System from Illicit Actors WASHINGTON — The Biden-Harris Administration today submitted to Congress the President’s priorities for fiscal year 2022 discretionary spending. The funding request invests in the core foundations of our […]

Joint IMFC and Development Committee Statement by Treasury Secretary Janet L. Yellen

As we come together virtually this week, the challenges we face are historic. Most immediately is the continuing COVID-19 pandemic, which has inflicted tragic loss of life and an economic crisis. The crisis has exacerbated the trend of rising income inequality, raising concerns about a divergent path within and across countries. We also face the […]

Remarks at the Federal Reserve Bank of New York’s Annual Primary Dealer Meeting, Deputy Assistant Secretary for Federal Finance Brian Smith

Remarks at the Federal Reserve Bank of New York’s Annual Primary Dealer Meeting April 8, 2021 Brian Smith, Deputy Assistant Secretary for Federal Finance, U.S. Department of the Treasury   Introduction Good afternoon and thank you for having me here today. I am Brian Smith, the Deputy Assistant Secretary for Federal Finance at the Treasury […]

Treasury Sanctions Key Gems Enterprise in Burma

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Myanma Gems Enterprise (MGE), a Burmese state-owned entity that is responsible for all gemstone activities in Burma. Gemstones are a key economic resource for the Burmese military regime that is violently repressing pro-democracy protests in the country and that […]

OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting April 27

News Release 2021-42 | April 7, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 27, 2021. The virtual meeting is open to the public and will begin at 11:00 a.m. Eastern Daylight […]