News Release 2019-133 | November 19, 2019 Share This Page: WASHINGTON—The Comptroller of the Currency today approved the following interagency final rules to promote the safe, sound, and fair operation of the federal banking system. The final rules will be published in the Federal Register after adoption by the Federal Deposit Insurance Corporation and the Board […]
Category Archives: U.S. Treasury
Secretary Steven T. Mnuchin’s First 1,000 Days in Office
Since he was sworn in on February 13, 2017, Secretary Steven T. Mnuchin has been at the forefront of the Trump administration’s efforts to foster economic growth, combat national security threats, and protect our nation’s financial system. Implementing Historic Tax Reform In collaboration with Congress, Secretary Mnuchin helped to pass, and later implement, President Trump’s […]
OCC Proposes Rule to Clarify “Valid When Made” Doctrine
News Release 2019-132 | November 18, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continues to be permissible following the transfer. […]
Treasury International Capital Data for September
Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2019. The next release, which will report on data for October 2019, is scheduled for December 16, 2019. The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]
Treasury Designates ISIS Financial, Procurement, and Recruitment Networks in the Middle East and South Asia
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Turkey-based Islamic State of Iraq and Syria (ISIS) procurement agents and four ISIS-linked companies operating in Syria, Turkey, and across the Gulf and Europe for providing critical financial and logistical support to ISIS. Additionally, Treasury is acting against […]
Readout on the International Association of Insurance Supervisors Annual Meeting
A U.S. Treasury Spokesperson issued the following readout at the conclusion of the Insurance Capital Standard (ICS) negotiations with the International Association of Insurance Supervisors (IAIS): WASHINGTON – The U.S. Treasury’s Federal Insurance Office registered its official objection to the IAIS’s advancement of version 2.0 of the ICS into a five-year monitoring period. U.S. Treasury’s […]
Kevin Greenfield Named Deputy Comptroller for Operational Risk
News Release 2019-131 | November 7, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency’s Deputy Comptroller for Operational Risk. In this role, Mr. Greenfield will oversee development of policy and examination procedures addressing operational risk, bank information technology, cybersecurity, critical infrastructure resilience, payments […]
United States and Socialist Republic of Viet Nam Sign Cooperation Framework to Strengthen Infrastructure Finance
WASHINGTON – U.S. Treasury Acting Assistant Secretary Mitchell Silk and Vice Minister of Finance Tran Xuan Ha of the Socialist Republic of Viet Nam signed the Cooperation Framework to Strengthen Infrastructure Finance on Wednesday, November 6, 2019 in Hanoi. This cooperative initiative is designed to achieve the mutual goals of the United States and the Socialist Republic […]
Treasury Sanctions Nicaraguan Government Officials Involved in Human Rights Abuse and Social Security Corruption
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Nicaraguan government officials, Ramon Antonio Avellan Medal, Lumberto Ignacio Campbell Hooker, and Roberto Jose Lopez Gomez, who have had a role in directing entities engaged in human rights abuses, election fraud, and corruption. Additionally, Ramon Antonio Avellan Medal […]
Joint Statement Of Egypt, Ethiopia, Sudan, The United States, And The World Bank
WASHINGTON, D.C. – The foreign ministers of Egypt, Ethiopia and Sudan and their delegations met with the Secretary of the Treasury and the President of the World Bank in Washington, D.C. on November 6, 2019. The ministers reaffirmed their joint commitment to reach a comprehensive, cooperative, adaptive, sustainable, and mutually beneficial agreement on the filling […]