Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Financial Services Committee U.S. House of Representatives December 2, 2020

Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to join you today to discuss the Department of the Treasury’s unprecedented response to support the American people throughout the coronavirus pandemic. We continue to work to implement the historic CARES Act with speed, efficiency, and transparency, but our job will not […]

OCC Issues First Quarter and Second Quarter 2021 CRA Evaluation Schedule

News Release 2020-162 | November 30, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first quarter and second quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]

Agencies Issue Statement on LIBOR Transition

News Release 2020-161 | November 30, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new […]

Treasury Sanctions CEIEC for Supporting the Illegitimate Maduro Regime’s Efforts to Undermine Venezuelan Democracy

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated CEIEC for supporting the illegitimate Maduro regime’s efforts to undermine democracy in Venezuela, including its efforts to restrict internet service and conduct digital surveillance and cyber operations against political opponents. Chinese technology companies, including CEIEC, continue to challenge democratic […]

Treasury and Federal Reserve Board Announce Extension of Four Lending Facilities Until March 31, 2021

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin sent a letter to Chairman of the Federal Reserve Board of Governors Jerome Powell approving the extension of four of its credit facilities until March 31, 2021.  The extensions apply to the Commercial Paper Funding Facility and Money Market Mutual Fund Liquidity Facility, to which Treasury has […]

Statement of Secretary Steven T. Mnuchin Before the U.S. Senate Banking, Housing, and Urban Affairs Committee

Chairman Crapo, Ranking Member Brown, and members of the Committee, I am pleased to join you today to discuss the Department of the Treasury’s unprecedented response to support the American people throughout the coronavirus pandemic. We continue to work to implement the historic CARES Act with speed, efficiency, and transparency, but our job will not […]

Secretary of the Treasury Steven T. Mnuchin Abraham Accords Dinner Keynote Address October 20, 2020

Good evening. It is my distinct honor to be here to commemorate the signing of the historic Abraham Accords. This landmark agreement between the United Arab Emirates and Israel, and Israel and the Kingdom of Bahrain marks the first step in over twenty-five years towards a more peaceful, secure, and prosperous Middle East. I am […]

Treasury Sanctions Militia and Its Leader in Connection with Serious Human Rights Abuse in Libya

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Mohamed al-Kani (al-Kani) and the Kaniyat militia, which is responsible for the murder of civilians recently discovered in numerous mass graves in Tarhouna, as well as torture, forced disappearances, and displacement of civilians. Al-Kani and the Kaniyat […]

OCC Proposes Rule Regarding the CRA General Performance Standards

News Release 2020-160 | November 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards. The OCC published a final rule in June 2020 to strengthen and modernize the agency’s regulations under the CRA […]

OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A.

News Release 2020-159 | November 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A. The OCC took this action based on the bank’s failure to maintain adequate internal controls and internal audit over its fiduciary business. The OCC […]