Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with Reserve Bank of India Governor Shaktikanta Das Mumbai – U.S. Treasury Secretary Steven T. Mnuchin met with Reserve Bank of India Governor Shaktikanta Das. During the meeting, Secretary Mnuchin and Governor Das discussed issues related to monetary policy and the financial sector, cooperation on anti-money […]
Category Archives: U.S. Treasury
OCC Appoints Receiver for City National Bank of New Jersey, Newark, New Jersey
News Release 2019-130 | November 1, 2019 Share This Page: WASHINGTON – The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for City National Bank of New Jersey, Newark, New Jersey, a national bank (bank). The bank had branch offices in Newark and New York City. […]
OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations
News Release 2019-129 | November 1, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 1, 2019 through October 31, 2019. The list contains only national banks, federal savings associations, and insured federal […]
OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
News Release 2019-128 | November 1, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles. The final rule builds on the […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Indian Finance Minister Nirmala Sitharaman on November 1, 2019
New Delhi – U.S. Treasury Secretary Steven T. Mnuchin met with Indian Finance Minister Nirmala Sitharaman to continue the India – U.S. Economic and Financial Partnership, a dialogue meant to deepen the economic partnership between the two countries and advance work in a number of areas to support economic growth and security. Secretary Mnuchin and […]
Joint Statement on the India – U.S. Economic and Financial Partnership
Indian Finance Minister Nirmala Sitharaman and U.S. Secretary of the Treasury Steven Mnuchin met in New Delhi to continue the India – U.S. Economic and Financial Partnership, a dialogue meant to deepen the economic partnership between the two countries and advance work in a number of areas to support economic growth and security. Following the […]
Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
News Release 2019-127 | October 31, 2019 Share This Page: Joint Release Federal Reserve Board of GovernorsConsumer Financial Protection BureauOffice of the Comptroller of the Currency WASHINGTON—The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in the United Arab Emirates on October 31, 2019
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi Abu Dhabi – U.S. Treasury Secretary Steven T. Mnuchin met with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. Secretary Mnuchin thanked the Crown Prince for his […]
Treasury and IRS Announce Proposed New Tax Form to Collect Opportunity Zone Fund Data
Washington – The United States Department of the Treasury and the Internal Revenue Service (IRS) today released a proposed Form 8996 for Qualified Opportunity Funds (QOFs) for the 2019 tax year. The form is designed to collect information on the amount of investment by opportunity funds in business property by census tract. “This is an […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Saudi Arabia on October 30, 2019
Terrorist Financing Targeting Center Jointly Designates Network of Corporations, Banks, and Individuals Supporting IRGC and Hizballah Riyadh – On October 30, the seven member nations of the Terrorist Financing Targeting Center jointly designated 25 targets affiliated with the Iranian regime’s terror-support networks in the region. This is the TFTC’s largest joint designation to date, and […]