News Release 2019-111 | October 1, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2020. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, […]
Category Archives: U.S. Treasury
OCC Reports Slight Improvement in Mortgage Performance
News Release 2019-110 | September 30, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the second quarter of 2019. The OCC Mortgage Metrics Report, Second Quarter 2019 showed 96.1 percent of mortgages included in the […]
Treasury Targets Assets of Russian Financier who Attempted to Influence 2018 U.S. Elections
Washington – Today, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Russian actors that attempted to influence the 2018 U.S. midterm elections, though there was no indication that foreign actors were able to compromise election infrastructure that would have prevented voting, changed vote counts, or disrupted the tallying of votes. […]
Treasury Department and FHFA Modify Terms of Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac
WASHINGTON – The U.S. Department of the Treasury (Treasury) and the Federal Housing Finance Agency (FHFA) today announced that they had agreed to modifications to the Preferred Stock Purchase Agreements (PSPAs) that will permit Fannie Mae and Freddie Mac to retain additional earnings in excess of the $3 billion capital reserves currently permitted by their […]
Federal Banking Agencies Issue Final Rule to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements
News Release 2019-109 | September 27, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency WASHINGTON—The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the […]
Jay Gallagher Named Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision
News Release 2019-108 | September 26, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Jay Gallagher as Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision. In this new role reporting to the OCC’s Chief Operating Officer, Mr. Gallagher will serve as a key advisor to the Committee […]
Treasury Targets Sanctions Evasion Scheme Facilitating Jet Fuel Shipments to Russian Military Forces in Syria
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one entity, three individuals, and five vessels participating in a sanctions evasion scheme to facilitate the delivery of jet fuel to Russian forces operating in Syria. Specifically, OFAC designated Maritime Assistance LLC, which is a front company supporting the […]
OCC Reports Second Quarter 2019 Bank Trading Revenue
News Release 2019-107 | September 24, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $8.0 billion in the second quarter 2019, which was $2.0 billion, or 19.8 percent, less than the previous quarter. In the report, Quarterly […]
Treasury Further Targets Entities and Vessels Moving Venezuelan Oil to Cuba
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities that operate in the oil sector of the Venezuelan economy pursuant to Executive Order (E.O.) 13850. Additionally, OFAC identified four vessels that transport oil and other petroleum products from Venezuela to Cuba as blocked property owned or […]
Readout from a Treasury Spokesperson of Secretary Mnuchin’s Meeting with His Excellency Sheikh Tamim bin Hamad Al Thani of Qatar
New York – Today, U.S. Treasury Secretary Steven T. Mnuchin met with His Excellency Sheikh Tamim bin Hamad Al Thani, Amir of Qatar, to discuss the strong bilateral economic relations between the United States and Qatar. They also discussed the importance of the continued partnership to counter terrorist- and proliferation-financing networks. #### Related posts: Counter […]