Chairman Quigley, Ranking Member Womack, thank you for inviting me to join you today. I look forward to your questions, but first, I want to briefly discuss the state of our economy and the state of the Treasury Department. Because I believe one depends on the other. Our economy is recovering from the pandemic, but […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Humanitarian NGOs
Earlier today, Deputy Secretary of the Treasury Wally Adeyemo met with representatives from 11 non-governmental organizations (NGOs) engaged in global humanitarian aid and activities to discuss Treasury’s shared interest in ensuring that U.S. sanctions are thoughtfully calibrated to target malign actors and activity while balancing essential humanitarian activities and protecting the U.S. financial system. As […]
OCC Announces Virtual Compliance Risk Workshops for Community Bank Directors
News Release 2021-61 | May 26, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced a schedule of free, virtual workshops on compliance risk for boards of directors of community national banks and federal savings associations. The OCC examiner-led workshops provide training and guidance on the critical elements […]
Remarks by Secretary of the Treasury Janet L. Yellen to the Financial Literacy and Education Commission
As prepared for delivery Thank you so much for joining us. I’m so glad to chair this meeting of the Financial Literacy and Education Commission, and I am very enthusiastic about the chosen topic: addressing some of the longstanding inequalities in our country; the fact that our economy worked has never worked fairly for people […]
More than 1.8 million additional Economic Impact Payments disbursed under the American Rescue Plan; total payments reach nearly 167 million
WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they have disbursed more than 1.8 million additional Economic Impact Payments under the American Rescue Plan. Today’s announcement covering the most recent two weeks of the effort brings the total disbursed so far to […]
Opening Statements of Nominees to the U.S. Department of the Treasury for the Senate Committee on Finance
WASHINGTON – On Tuesday, May 25, the Senate Committee on Finance will hold a hearing on the pending nominations of J. Nellie Liang to be an Under Secretary of the Treasury, Jonathan Davidson to be Deputy Under Secretary of the Treasury, Lily Lawrence Batchelder to be an Assistant Secretary of the Treasury, and Benjamin Harris […]
Joint Statement on U.S.-UK Financial Regulatory Working Group Meeting
U.S. and UK participants held the fourth meeting of the U.S.-UK Financial Regulatory Working Group (Working Group) virtually on May 20, 2021. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital formation in […]
Secretary Janet L. Yellen to Attend G7 Finance Ministers Meeting in London, England
WASHINGTON – The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G7 finance ministers meeting in London, England from June 4-5, 2021. While in London, Secretary Yellen will reinforce the U.S. commitment to policy priorities to promote the global recovery from the COVID-19 pandemic including supportive fiscal policies, […]
OCC Finalizes Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds
News Release 2021-58 | May 21, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable. On August 13, 2020, the OCC published […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Attended Small Business Event with Mayor of Los Angeles Eric Garcetti
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo joined Mayor of Los Angeles Eric Garcetti for lunch at BCD Tofu House in Los Angeles’ Koreatown, a small business that benefitted from the PPP loan program. Deputy Secretary Adeyemo and Mayor Garcetti met with the restaurant’s owner, Eddie Lee, who with his late […]