READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan

WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen met with Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan of Indonesia.  During the meeting, Secretary Yellen discussed progress on the developing Just Energy Transition Partnership for Indonesia, which seeks to accelerate Indonesia’s transition away from coal and toward a cleaner energy […]

Statement by Secretary of the Treasury Janet L. Yellen on President Biden’s Executive Order on the Committee on Foreign Investment in the United States

WASHINGTON – Today, President Biden issued an Executive Order reflecting the evolving national security threat landscape and underscoring the critical role of the Committee on Foreign Investment in the United States (CFIUS or the Committee) in responding to new and emerging threats and vulnerabilities in the context of foreign investment. The Executive Order elaborates and […]

READOUT: Treasury Climate Counselor Morton and Deputy Special Envoy for Climate Duke Travel to Indonesia to Advance the Just Energy Transition Partnership

WASHINGTON – On Thursday, September 15, Climate Counselor to the Secretary of the Treasury John Morton and Deputy Special Envoy for Climate Rick Duke concluded a visit to Jakarta, Indonesia, where they met with Indonesian counterparts to advance the development of the Indonesia Just Energy Transition Partnership.  This Partnership seeks to aggregate finance from partner […]

Treasury Takes Actions in Zimbabwe

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one Zimbabwe individual and removed eleven others from the Specially Designated Nationals List (SDN List) under the Zimbabwe sanctions program.  The Zimbabwe sanctions program targets human rights abusers and those who undermine democratic processes or facilitate corruption. U.S. sanctions […]

Remarks by Secretary of the Treasury Janet L. Yellen at the IRS facility in New Carrollton, Maryland

As prepared for delivery   Good morning, everyone. It’s great to be at the IRS today with so many remarkable colleagues. I would first like to acknowledge the IRS leaders who are here with us today. Thank you, also, to Commissioner Rettig, who is in Memphis today celebrating the 50th anniversary of the IRS facility […]

Treasury Targets Additional Facilitators of Russia’s Aggression in Ukraine

WASHINGTON –– Today, as part of its continued response to Russia’s horrific war of aggression against Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 22 individuals and 2 entities, including   multiple individuals who have furthered the Government of the Russian Federation’s (GoR) objectives in Ukraine, both prior to and […]

Treasury Sanctions IRGC-Affiliated Cyber Actors for Roles in Ransomware Activity

Action Part of U.S. Government Response to the Continuous Malicious Cyber Activities Conducted by Iranian Actors WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity. Today’s designations are part of a joint action […]

Joint Statement by U.S. Treasury and State Department: The United States and Partners Announce Establishment of Fund for the People of Afghanistan

The United States, through the Department of the Treasury and the Department of State, and in coordination with international partners including the government of Switzerland and Afghan economic experts, today announced the establishment of a fund to benefit the people of Afghanistan, or the “Afghan Fund.” The United States remains committed to supporting the people […]

Statement by Group of Creditors of Ukraine

The representatives of the Group of creditors of Ukraine (“The Group”) and the government of Ukraine met virtually on September 14, 2022 to conclude a Memorandum of Understanding (MoU) in order to implement the debt service suspension announced on July 20, 2022. This MoU eases Ukraine’s liquidity pressures and allows its government to increase social, […]

OCC Reports Second Quarter 2022 Bank Trading Revenue

News Release 2022-112 | September 13, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $10.3 billion in the second quarter of 2022. The second quarter trading revenue was $273.0 million, or 2.6 percent, less than in the previous quarter […]