October 29, 2019 Letter to the Secretary Dear Mr. Secretary: Economic activity grew at a moderate pace since the Committee last met in July. GDP has not yet been released for the third quarter, but the available data suggest that real GDP growth has likely slowed slightly in the third quarter from the 2.0% annualized […]
Category Archives: U.S. Treasury
QUARTERLY REFUNDING STATEMENT OF DEPUTY ASSISTANT SECRETARY FOR FEDERAL FINANCE BRIAN SMITH
WASHINGTON — The U.S. Department of the Treasury is offering $84 billion of Treasury securities to refund approximately $60.5 billion of privately-held Treasury notes and bonds maturing on November 15, 2019. This issuance will raise new cash of approximately $23.5 billion. The securities are: – A 3-year note in the amount of $38 billion, […]
Terrorist Financing Targeting Center Jointly Designates Network of Corporations, Banks, and Individuals Supporting IRGC and Hizballah
Coordinated action represents largest-ever tranche of targets designated by the United States and Gulf countries as part of the Terrorist Financing Targeting Center created under President Trump’s leadership RIYADH – Today, the seven member nations of the Terrorist Financing Targeting Center (TFTC) jointly designated 25 targets affiliated with the Iranian regime’s terror-support networks in the […]
Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks
News Release 2019-125 | October 29, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks by allowing them to adopt a simple leverage ratio to measure capital adequacy. […]
Agencies Propose Rule to Amend the Swap Margin Rule
News Release 2019-124 | October 28, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationFederal Housing Finance AgencyOffice of the Comptroller of the Currency Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Israel on October 28, 2019
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with National Security Advisor of the State of Israel Meir Ben-Shabbat Jerusalem – U.S. Treasury Secretary Steven T. Mnuchin participated in a working lunch with Israeli National Security Advisor Meir Ben-Shabbat. They discussed efforts to combat terrorist financing and national security issues of mutual concern. […]
TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES
Sources and Uses Table WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2019 and January – March 2020 quarters: During the October – December 2019 quarter, Treasury expects to borrow $352 billion in privately-held net marketable debt, assuming an end-of-December […]
Assistant Secretary for Economic Policy Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association October 28, 2019
The U.S. economy continues to grow at a steady pace, propelling further job creation and wage gains. Inflationary pressures remain at bay, even with labor markets at or near full employment. The recovery’s record longevity – now 124 months and counting – reflects benefits from pro-growth measures like the Tax Cuts and Jobs Act of […]
OCC Appoints Receiver for Resolute Bank, Maumee, Ohio
News Release 2019-123 | October 25, 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 Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets. The OCC […]
Treasury and State Announce New Humanitarian Mechanism to Increase Transparency of Permissible Trade Supporting the Iranian People
FinCEN identifies Iran as jurisdiction of primary money laundering concern WASHINGTON – Today, the U.S. Departments of the Treasury and State announced a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran. This mechanism will help the international community perform enhanced due diligence on humanitarian trade to ensure that funds associated with […]