WASHINGTON — Today, U.S. Secretary of the Treasury Janet L. Yellen addressed the Climate Investment Funds Panel, “Scaling Up Just Energy Transitions to Enable Industry Decarbonization.” She highlighted that the Treasury has signed an agreement for a $568 million loan to the Clean Technology Fund (CTF)—a multilateral trust fund that helps to deploy clean energy in developing countries. The loan is funded by resources appropriated by Congress and will support U.S. climate commitments. Since 2022, the […]
Category Archives: U.S. Treasury
MEDIA ADVISORY: Secretary of the Treasury Janet L. Yellen to Travel to Mexico
WASHINGTON — From December 5-7, Secretary of the Treasury Janet L. Yellen will travel to Mexico City, Mexico, where she will engage with government and private sector leaders to strengthen U.S.-Mexico collaboration on countering fentanyl and illicit finance, deepening mutually-beneficial economic ties, bolstering supply chain resilience through friend-shoring, and other shared economic priorities. Mexico is […]
U.S. Department of the Treasury, IRS, and Department of Energy Announce Remarkable Demand for Solar and Wind Energy in Low-Income Communities Thanks to Groundbreaking Inflation Reduction Act Program
Communities across the U.S. experiencing the most significant effects of poverty represent a quarter of applications received WASHINGTON—Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS), in partnership with the Department of Energy (DOE), announced remarkable demand in the initial application period for solar and wind facilities through the Inflation Reduction Act’s […]
U.S. Treasury Launches Counter-Fentanyl Strike Force
WASHINGTON — Today, the U.S. Department of the Treasury announced the launch of a Counter-Fentanyl Strike Force to marshal Treasury’s resources and expertise in a coordinated and streamlined operation to combat the trafficking of illicit fentanyl. This Strike Force brings together personnel, expertise, intelligence, and resources across key Treasury offices and is jointly led by the […]
Treasury Targets Sudanese Actors for Undermining Peace, Security, and Stability in Sudan
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting several individuals for their role in undermining the peace, security, and stability of Sudan. These designations support diplomatic efforts by the international community to end the conflict and demonstrate the U.S. commitment to achieve a civilian government and a […]
Statement by Secretary of the Treasury Janet L. Yellen on Commodity Futures Trading Commission’s (CFTC) Proposed Guidance on Voluntary Carbon Markets
WASHINGTON — U.S. Secretary of the Treasury, Janet L. Yellen released the following statement U.S. Secretary of the Treasury, Janet L. Yellen released the following statement on the Commodity Futures Trading Commission’s (CFTC) proposed guidance on voluntary carbon markets: “I commend the efforts of Chair Behnam and the CFTC to support high-integrity voluntary carbon markets (VCMs). […]
READOUT: Treasurer Chief Malerba Joins Native CDFI Network Policy and Capacity Building Summit to Discuss Expanding Economic Opportunity in Tribal Communities
WASHINGTON – Today, U.S. Treasurer Chief Lynn Malerba delivered remarks and participated in a panel discussion at the 2023 Native CDFI Network Policy and Capacity Building Summit on expanding economic opportunity in Tribal communities. Under the Biden-Harris Administration, the Treasury Department invested a historic $234 million in Native-owned and Native-majority shareholder depository institutions through the […]
Announcement of Pledge to Second Replenishment of the Green Climate Fund
WASHINGTON — Today, the Biden-Harris Administration announced the United States’ multi-year pledge of $3 billion for the Green Climate Fund (GCF) for its Second Replenishment (GCF-2), 2024-2027. “Today’s pledge sends a critical signal at COP28 that the United States is committed to playing a leading role in helping emerging markets and developing economies mitigate greenhouse gas emissions and adapt […]
OCC Solicits Research on Depositor Behavior, Bank Liquidity, and Run Risk
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on depositor behavior, bank liquidity, and run risk in the banking system for submission by January 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in […]
OCC Publishes 2024 Assessments for National Banks and Federal Savings Associations
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2024 calendar year. The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. The OCC continues to pursue efficiencies to ensure that […]