OFAC Action Impacts Military Regime Sources of Revenue WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Burmese state-owned enterprises, Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), which are responsible for timber and pearl exports from Burma. The timber and pearl industries are key economic […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Securities Industry and Financial Markets Association Board of Directors
Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with members of the Securities Industry and Financial Markets Association (SIFMA) Board of Directors for a roundtable discussion that addressed the importance of establishing strong public-private partnerships to address the challenges facing Americans. SIFMA is a trade association for broker-dealers, investment banks, and asset managers […]
OCC Releases CRA Evaluations for 15 National Banks and Federal Savings Associations
News Release 2021-47 | April 20, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2021 through March 31, 2021. The list contains only national banks, federal savings associations, and insured federal […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Bank Policy Institute Members
Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with 20 CEOs who are members of the Bank Policy Institute (BPI) for a roundtable discussion focused on the importance of forging strong partnerships between the public and private sectors to tackle challenges facing Americans. BPI is a nonpartisan public policy, research, and advocacy group […]
Treasury Announces Coordinated Climate Policy Strategy with New Treasury Climate Hub and Climate Counselor
WASHINGTON — Today, the U.S. Department of the Treasury announced a coordinated climate policy strategy that will: Bring to bear the full force of the Treasury Department on domestic and international policymaking, leveraging finance and financial risk mitigation to confront the threat of climate change. These actions will position the economy for strong and sustainable […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with New Zealand Deputy Prime Minister and Minister of Finance Grant Robertson
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with New Zealand Deputy Prime Minister and Minister of Finance, Grant Robertson. Secretary Yellen conveyed her intention to work with Deputy Prime Minister Robertson on tackling priority issues both the United States and New Zealand face including ending the pandemic, supporting the global economic recovery, […]
READOUT: Secretary Yellen and Deputy Secretary Adeyemo’s Meeting with Environmental Organizations on Corporate Tax Reform
Today, Secretary Yellen and Deputy Secretary Wally Adeyemo met virtually with a group of environmental organizations to discuss President Biden’s Made in America tax plan, including how it would leverage the corporate tax system to help address climate change. Attendees at today’s roundtable discussion included Center for American Progress, Corridor Partners, Environmental Defense Fund, Friends […]
Readout: Secretary of the Treasury Janet L. Yellen’s Call with Bank of England Governor Andrew Bailey
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Bank of England Governor Andrew Bailey. During the call, Secretary Yellen highlighted the shared priorities between the United States and the United Kingdom, in particular forcefully addressing the threat of climate change. Secretary Yellen and Governor Bailey also discussed the importance of international financial […]
Deputy Comptroller for Market Risk Policy Testifies on LIBOR Transition
News Release 2021-46 | April 15, 2021 Share This Page: WASHINGTON—Deputy Comptroller for Market Risk Policy Kevin Walsh today testified during a hearing before the U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets regarding the upcoming cessation of the London Interbank Offered Rates (LIBOR). Related Links Media Contact Stephanie Collins(202) 649-6870 Related […]
Readout: Secretary Yellen and Gene Sperling’s Meeting with NGA Executive Committee
Today, Secretary Janet L. Yellen met virtually with members of the National Governors Association’s Executive Committee to discuss ongoing efforts by Treasury to help states and localities recover from the COVID-19 pandemic. Secretary Yellen told governors present that she understands the significant economic challenges many states are facing and noted the importance of $350 billion […]