As Prepared for Delivery I would like to thank the Ministry of Finance for hosting today’s Working Group. I would also like to extend a special thanks to my co-chair Ministry of Finance Secretary Sanjay Malhotra. For those whom I have not had the opportunity to meet, I am Brian Nelson, Treasury’s Under Secretary for […]
Category Archives: U.S. Treasury
OCC Reports Third Quarter 2023 Bank Trading Revenue
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $13.2 billion in the third quarter of 2023. The third quarter trading revenue was $470 million, or 3.4 percent, less than in the previous quarter and $474 million, or 3.7 percent, more than in […]
Treasury Department Welcomes Debt Relief for Somalia
WASHINGTON – The U.S. Department of the Treasury today welcomed Somalia securing comprehensive debt relief from the international community under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Actions today at the Board of the International Monetary Fund and yesterday at the World Bank Board reflect Somalia’s strong performance under programs designed to achieve economic […]
Testimony of Assistant Secretary for Terrorist Financing and Financial Crimes Before the Committee on Financial Services Subcommittee On Oversight And Investigations, U.S. House
As Prepared for Delivery Chairman Huizenga, Ranking Member Green, and Distinguished Members of the Committee, thank you for the opportunity to speak on what the U.S. Department of the Treasury is doing to combat terrorist financing. October 7 was a day of horror. The brutality of the terrorist attacks carried out by Hamas against Israel—killing […]
U.S. And UK Target Additional Hamas Finance Officials and Representatives
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a fourth round of sanctions on Hamas since the October 7 terrorist attack on Israel. Today’s action targets key officials who perpetuate Hamas’s violent agenda by representing the group’s interests abroad and managing its finances. OFAC closely coordinated […]
OCC Reports Mortgage Performance for Third Quarter of 2023
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2023. The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, […]
READOUT: In Atlanta, Deputy Secretary of the Treasury Wally Adeyemo Discusses Investments to Expand Access to Capital in Underserved Communities
Roundtable discussion highlights how the Biden-Harris Administration’s historic investments in community development financial institutions and minority depository institutions are expanding economic opportunity in rural and urban communities ATLANTA, GA – Today, Deputy Secretary of the Treasury Wally Adeyemo joined a meeting hosted by Carver State Bank, a Black-owned bank and certified community development financial institution […]
Treasury Imposes Sanctions on More Than 150 Individuals and Entities Supplying Russia’s Military-Industrial Base
WASHINGTON — Last week, G7 Leaders reaffirmed their support for an independent, democratic Ukraine within is internationally recognized borders. Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), is implementing the commitments made by G7 Leaders by taking action against third-country actors who materially support Russia’s war; targeting Russian military procurement […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the HOPE Global Forum on the Biden-Harris Administration’s Efforts to Promote Economic Opportunity and Growth
As Prepared for Delivery Thank you, John, for the kind introduction and for having me here today. As everyone in this room can attest, you and Operation HOPE have been crucial partners in our mission to increase economic opportunity and prosperity in communities across the country. I’m grateful for all you’ve done and for bringing […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo and Mayor of Atlanta Andre Dickens Visit New Affordable Housing Site, Discuss Importance of Federal Investments to Expand Access to Affordable Housing
ATLANTA, GA – Today, Deputy Secretary of the Treasury Wally Adeyemo and Mayor of Atlanta Andre Dickens toured Two Peachtree, a former office building that the city is converting into a multi-use space that includes affordable housing units and a housing assistance center thanks to federal support for cities during the pandemic and economic recovery. Following […]