Nearly 1 million additional Economic Impact Payments disbursed under the American Rescue Plan; Total payments reach nearly 165 million

WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they are disbursing nearly 1 million payments in the ninth batch of Economic Impact Payments from the American Rescue Plan. Today’s announcement brings the total disbursed so far to approximately 165 million payments, with […]

Treasury Identifies Sinaloa-based Mexican Narcotics Trafficker That Helps Fuel the U.S. Opioid Epidemic

Kingpin Act Sanctions Target Jesus Gonzalez Penuelas WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Jesus Gonzalez Penuelas and the Gonzalez Penuelas Drug Trafficking Organization (Gonzalez Penuelas DTO) as Significant Foreign Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act).  Jesus Gonzalez Penuelas (a.k.a. […]

Treasury Targets Hizballah Finance Official and Shadow Bankers in Lebanon

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated seven individuals in connection with Hizballah and its financial firm, Al-Qard al-Hassan (AQAH).  AQAH, which was designated by OFAC in 2007, is used by Hizballah as a cover to manage the terrorist group’s financial activities and gain access to […]

Michael J. Hsu Statement to Agency Employees on Becoming Acting Comptroller of the Currency

WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today shared the following statement with agency staff at the conclusion of his first day in this role. It is a tremendous honor to serve as Acting Comptroller of the Currency and to work with you who ensure that our federal banking system operates in […]

Treasury Launches Coronavirus State and Local Fiscal Recovery Funds to Deliver $350 Billion

Aid to state, local, territorial, and Tribal governments will help bring back jobs, address pandemic’s economic fallout, and lay the foundation for a strong, equitable recovery    WASHINGTON — Today, the U.S. Department of the Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion in emergency funding for state, […]

Michael J. Hsu to Become Acting Comptroller of the Currency May 10, 2021

News Release 2021-51 | May 7, 2021 Share This Page: WASHINGTON—The U.S. Department of the Treasury today announced that Michael J. Hsu will become Acting Comptroller of the Currency on May 10, 2021, pursuant to 12 USC 4 as designated by Secretary of the Treasury Janet Yellen. Blake Paulson, who has served as Acting Comptroller of […]

Treasury Announces Additional $21.6 Billion in Emergency Rental Assistance Allocation

Today’s Announcement Includes Strengthened Guidance to Expedite Resources and Prevent Evictions Due to the Affordable Housing Challenges Exacerbated by Covid-19 WASHINGTON – Today, the U.S. Department of the Treasury, in coordination with the White House American Rescue Plan Implementation Team and the U.S. Department of Housing and Urban Development, announced the allocation of an additional […]

Secretary Yellen Announces Intention to Appoint Michael J. Hsu as First Deputy Comptroller of the Office of the Comptroller of the Currency

WASHINGTON – U.S. Treasury Secretary Janet L. Yellen today announced her intention to appoint Michael J. Hsu as a Deputy Comptroller and designate him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC). Mr. Hsu will serve as Acting Comptroller. “Today, I’m pleased to appoint Michael Hsu to the post […]

Minutes of the Meeting of the Treasury Borrowing Advisory Committee May 4, 2021

The Committee convened in a closed session via teleconference at 10:45 a.m.  All members were present.  Fiscal Assistant Secretary David Lebryk, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Nick Steele welcomed the Committee.  Other members of […]

Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee

May 4, 2021 Letter to the Secretary Dear Madam Secretary: Economic activity rose strongly in the first quarter of 2021, with a 6.4% annualized increase in real GDP. Since the Committee last met, further fiscal support, rapid vaccination that has now reached more than half of American adults, and a recovery in the sectors of […]