Announcement Made by Vice President Harris Alongside Treasury Secretary Janet Yellen, U.S. Senator Mark Warner, and U.S. Representative Maxine Waters WASHINGTON – The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen on $1.25 Billion Award to CDFIs to Support Economic Relief in Underserved Communities Affected by COVID-19
Thank you, Madam Vice President. Thank you for hosting us and, more importantly, for elevating this issue. As the Vice President mentioned, today Treasury is awarding $1.25 billion to 863 Community Development Financial Institutions across the country. These CDFIs, which include banks, credit unions, and loan funds, play such an important part in our financial […]
Treasury and IRS Announce New Online Tool to Help Families Register for Monthly Child Tax Credit
Non-filer Tool Helps Families Who Aren’t Normally Required to File Tax Returns Register for Child Tax Credit Treasury Also Releases Information to Help Organizations Focus Outreach Efforts to Sign Families Up for Monthly Payments of the Child Tax Credit WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service announced today the […]
Statement by the Acting Comptroller of the Currency at the Financial Stability Oversight Council
News Release 2021-65 | June 11, 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 LIBOR transition: Thank you, Madam Secretary, and thank you for your leadership of this body as I join colleagues […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Businesses
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo participated in a virtual roundtable discussion with representatives of U.S. multinational companies across a range of sectors to discuss the impact of U.S. economic and financial sanctions on their operations. The Deputy Secretary highlighted the Biden-Harris Administration’s commitment to strengthening American competitiveness and innovation, […]
Remarks by Secretary of the Treasury Janet L. Yellen to the Financial Stability Oversight Council on LIBOR Transition
As prepared for delivery The Council first discussed the importance of reference rate reform in 2012, and a great deal of progress has been made since then. The Alternative Reference Rates Committee, or ARRC, has worked to identify and address transition issues, including analysis of potential alternative rates and the recommendation to use the Secured […]
OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting June 29
News Release 2021-64 | June 10, 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, June 29, 2021. The virtual meeting is open to the public and will begin at 9:00 a.m. Eastern Daylight […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Indonesian Finance Minister Sri Mulyani Indrawati
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo spoke with Indonesian Finance Minister Sri Mulyani Indrawati. Deputy Secretary Adeyemo expressed his support for strong U.S.-Indonesia relations and close cooperation with Indonesia on key global challenges. He welcomed the shared goals between the United States and Indonesia to work together towards reaching a […]
Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives
Chairwoman Lee, Ranking Member Rogers, and members of the Subcommittee, it’s a pleasure to join you today. When I took office, one of my greatest concerns was a K-shaped recovery from the pandemic; a recovery where high-income households rebounded quickly – or even emerged better-off – while low- and middle-income families suffered for a very […]
Treasury Sanctions Network Financing Houthi Aggression and Instability in Yemen
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating members of a smuggling network that helps fund Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis in Yemen. Led by Iran-based Houthi financier Sa’id al-Jamal, this network generates tens of millions of dollars in revenue from […]