WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s rule that implements the stress testing requirements of the Dodd-Frank Wall Street Reform and Consumer Protection […]
Category Archives: U.S. Treasury
READOUT: Treasury Department Convenes Discussion on Financial Inclusion for Tribal Communities
Discussion part of Treasury leadership’s efforts to engage diverse communities in developing Department’s financial inclusion strategy WASHINGTON – Today, U.S. Treasurer Chief Lynn Malerba and Deputy Assistant Secretary for Consumer Policy Suzanna Fritzberg chaired a convening with Tribal leaders, Native American leaders of community development financial institutions (CDFIs), a Tribal College, and the private sector, […]
READOUT: At Spelman College, Deputy Secretary of the Treasury Wally Adeyemo Highlights New Efforts to Reduce Economic Disparities in Underserved Communities
Deputy Secretary Adeyemo announces Treasury Department’s Equity Action Plan ATLANTA, GA – Today, in recognition of Black History Month, U.S. Deputy Secretary of the Treasury Wally Adeyemo joined a fireside conversation at Spelman College entitled “A Conversation on Building Black Wealth & The Growth of the U.S. Economy.” During the conversation, which was co-hosted by […]
FACT SHEET: New U.S. Department of the Treasury Analysis Shows President Biden’s Investing in America Agenda is Driving Investment to Underserved Communities in Georgia
Inflation Reduction Act investments concentrated in communities with lower wages, employment rates, college graduation rates, median household income, and higher poverty and child poverty rates WASHINGTON – The U.S. Department of the Treasury today released new analysis on the benefits of President Biden’s Investing in America Agenda for Georgia. These resources and incentives – including […]
Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson on Treasury’s Efforts to Safeguard the U.S. Financial System from Illicit Finance
As Prepared for Delivery Good morning. I’m Brian Nelson, Treasury’s Under Secretary for Terrorism and Financial Intelligence. My office is responsible for leading U.S. government efforts to counter illicit finance and using financial tools to respond to national security threats. From terrorist financiers to cybercriminals and drug kingpins, our work centers on safeguarding the U.S. […]
The United States, Austria, France, Italy, Spain, and the United Kingdom Announce Extension of Agreement on the Transition from Existing Digital Services Taxes to New Multilateral Solution Agreed by the G20/OECD Inclusive Framework
WASHINGTON – On October 8, 2021, a historic agreement was reached between over 130 countries of the G20/OECD Inclusive Framework on a two Pillar package of reforms to the international tax framework. In support of that agreement, in a joint statement on October 21, 2021, the United States, Austria, France, Italy, Spain, and the United Kingdom announced the […]
OCC Hosts Mutual Savings Association Advisory Committee Meeting March 5
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, March 5, 2024. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Standard Time (EST). […]
Remarks by Secretary of the Treasury Janet L. Yellen in Detroit, Michigan
As Prepared for Delivery Good afternoon. Earlier today, I had the chance to visit the Detroit Economic Club with Governor Whitmer to speak about our nation’s historic economic recovery and our current economic strength. The resilience and hard work of the American people, and in particular, small business owners and employees, have been at the […]
Fact Sheet: Treasury Actions to Enhance Financial Transparency and Combat Illicit Finance
WASHINGTON – Over the past several months, the U.S. Department of the Treasury has made significant progress on key initiatives to prevent illicit actors from exploiting the U.S. financial system, and to equip law enforcement and national security agencies with vital information to hold illicit actors accountable. These initiatives include major steps towards implementing the […]
Treasury Sanctions Network Smuggling U.S. Technology to Central Bank of Iran
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a procurement network responsible for facilitating the illegal export of goods and technology from over two dozen U.S. companies to end-users in Iran, including the Central Bank of Iran (CBI), which is designated for its role in providing financial support […]