WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 24, 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 Daylight Time (EDT). […]
Category Archives: U.S. Treasury
U.S. Department of the Treasury Announces Maryland Will Join IRS Direct File for Filing Season 2025
More Than 700,000 Marylanders Eligible to Use Free Tax Filing Tool Next Year Made Possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that Maryland will be the latest state to join IRS Direct File for Filing Season 2025. IRS Direct File […]
Treasury Takes Action as Part of a U.S. Government Response to Russia’s Foreign Malign Influence Operations
The United States takes action to defend and protect U.S. election institutions and processes from Moscow’s attempts to influence the 2024 Presidential Election WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 individuals and two entities as part of a coordinated U.S. government response to Moscow’s malign influence efforts targeting […]
Remarks by Deputy Assistant Secretary for Financial Institutions Policy Jeanette Quick at the 2024 AAPISTRONG Annual Conference
As Prepared for Delivery Good afternoon, thank you for inviting me here today. My name is Jeanette Quick, and I am the Deputy Assistant Secretary for Financial Institutions Policy at the U.S. Department of the Treasury. It’s a true privilege to be here today among such an inspiring group of Asian American Native Hawaiian and […]
Acting Comptroller Discusses the Evolution of Bank Supervision
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the evolution of bank supervision during a presentation at the Joint European Banking Authority and European Central Bank International Conference in Frankfurt, Germany. In his written remarks, Acting Comptroller Hsu offered thoughts on the nature of bank supervision, how and why it has evolved, and […]
U.S. Department of the Treasury Releases New Report Highlighting $3.5 Billion in Clean Energy Investments in Low-Income Communities
New report reveals more than 49,000 solar facilities awarded bonus credits in the first year of groundbreaking Inflation Reduction Act program; investments estimated to fund generation of nearly $270 million worth of clean energy annually in underserved communities. WASHINGTON – Today, the U.S. Department of the Treasury released a report with new data on the success of the […]
New U.S. Department of the Treasury Analysis Shows Growth of Small Business and Entrepreneurship During the Biden-Harris Administration
Small businesses have created over 70 percent of net new jobs since 2019, and the United States is averaging 430,000 new business applications per month in 2024, 50 percent more than in 2019 Through programs like the State Small Business Credit Initiative and Emergency Capital Investment Program, the Biden-Harris Administration has made access to capital […]
U.S. Department of the Treasury Issues Proposed Rules to Expand Clean Energy Investments in Underserved Communities
Proposed regulations would apply bonus credit to additional clean energy technologies for projects in low-income communities. WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) for 48E(h), the Clean Electricity Low-Income Communities Bonus Credit Program, created by the Inflation Reduction […]
Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2023
Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2023 were released today and posted on the Treasury web site at (https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 31, 2024. The […]
OCC Issues Fourth Quarter 2024 and First Quarter 2025 CRA Evaluation Schedule
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2024 and the first quarter of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to […]