Readout from a Treasury Spokesperson on Secretary Mnuchin’s call with Sudanese Prime Minister Abdalla Hamdok

WASHINGTON – Today, U.S. Treasury Secretary T. Mnuchin spoke with Prime Minister of Sudan Abdalla Hamdok. The Secretary and Prime Minister discussed the impact of the coronavirus on the people of Sudan and the strain placed on their health system. They discussed the importance of international cooperation. The Secretary and the Prime Minister also reaffirmed […]

Secretary Mnuchin on CNBC

Today, Secretary Mnuchin discussed the economic relief package for American workers and businesses on CNBC’s “Squawk on the Street.” On Congressional Negotiations: “I want to thank the Senate for their swift action. People literally worked around the clock for five days. The President and I and others couldn’t be more pleased with the absolute unanimous […]

Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers

WASHINGTON—U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on Financial Services Sector Essential Critical Infrastructure Workers: “I strongly support the Department of Homeland Security’s recent guidance identifying financial services sector workers as essential critical infrastructure workers during the COVID-19 response emergency.  The guidance provides information to State and local officials, as they work […]

Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses

WASHINGTON – The spread of coronavirus has disrupted economic activity and put significant liquidity pressure on U.S. businesses. To immediately enhance liquidity and support American workers, households, and businesses through this challenging period, U.S. Treasury Secretary Steven T. Mnuchin today authorized the expansion of two recently launched facilities and the establishment of three new facilities to […]

Public Schedule Update for the Week of March 23 – 29, 2020

SCHEDULE UPDATE: To accommodate ongoing negotiations on the Phase 3 economic relief package, the Financial Stability Oversight Council open meeting will be postponed until later in the week. Updated event information will be added to the Treasury public schedule as available.   Postponed until later this week: Secretary Steven T. Mnuchin Financial Stability Oversight Council […]

Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19

News Release 2020-39 | March 22, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the CurrencyConsumer Financial Protection BureauConference of State Bank Supervisors The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging […]

OCC Revises Short-Term Investment Fund Rule

News Release 2020-38 | March 22, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced an interim final rule to revise its short-term investment fund (STIF) rule for national banks acting in a fiduciary capacity. The rule allows the OCC to authorize banks to temporarily extend maturity limits of these […]

Treasury and IRS Delay Federal Tax Day from April 15 to July 15 Due to COVID-19 Outbreak

Washington – Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) yesterday announced that the tax filings and payments for all federal income taxes (including self-employment tax) due on April 15, 2020, regardless of amount, will now be due on July 15, 2020.  […]

Treasury, IRS, and Labor Announce Plan to Implement Coronavirus-Related Paid Leave for Workers and Tax Credits for Small and Midsize Businesses to Swiftly Recover the Cost of Providing Coronavirus-Related Leave

IR-2020-57   WASHINGTON – Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. […]

OCC Enforcement Actions

News Release 2020-37 | March 19, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders […]