Narcotics Trafficking Tied to 66 Percent Increase in Costa Rica’s Homicide Rate Over Previous Decade WASHINGTON — Today, in support of President Biden’s National Drug Control Strategy and in cooperation with the government of Costa Rica, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Gilbert Hernan de Los Angeles Bell […]
Category Archives: U.S. Treasury
Remarks By Secretary of the Treasury Janet L. Yellen on the New Treasury Department Analysis of the Bipartisan Infrastructure Law
As Prepared for Delivery Hello everyone. I’m glad to be marking the second anniversary of the Bipartisan Infrastructure Law with new Treasury Department analysis showing the tremendous impact of the Biden Administration’s investments in infrastructure. Public infrastructure investment is essential to economic growth. According to one analysis, a 10 percent increase in public capital investments […]
New U.S. Department of the Treasury Analysis: Two Years In, Bipartisan Infrastructure Law Is Spurring Historic Surge in Infrastructure Investments, Especially in States with The Greatest Needs
Increase in Infrastructure Investments as a Share of GDP is Largest Since 1979 WASHINGTON – Today, on the second anniversary of the signing of the Bipartisan Infrastructure Law (BIL), the U.S. Department of the Treasury published analysis on how the BIL has strengthened long-term productive capacity in the U.S. while creating a fairer future for Americans in economically disadvantaged communities. The analysis […]
United States and United Kingdom Take Coordinated Action Against Hamas Leaders and Financiers
WASHINGTON — Today, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed its third round of sanctions targeting Hamas-affiliated individuals and entities since the October 7 Hamas terrorist attacks on Israel. This action designates key Hamas officials and the mechanisms by which Iran provides support to Hamas and Palestinian Islamic Jihad (PIJ). Today’s […]
Registration Open for OCC Symposium on the Tokenization of Real-World Assets and Liabilities
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced that registration is open for its symposium on the tokenization of real-world assets and liabilities on February 8, 2024, at its headquarters in Washington, D.C. The symposium will include panel discussions among thought leaders, academics, community groups, and the banking industry on tokenization and […]
Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400. The threshold amount will be effective January 1, 2024, and is based on the […]
Remarks by Secretary of the Treasury Janet L. Yellen at Opening Session of APEC Finance Ministers’ Meeting in San Francisco, California
As Prepared for Delivery Good morning, and welcome to the 30th annual Finance Ministers’ Meeting. Thank you to the City of San Francisco for hosting us and to all of you for being here. Let me start by putting this meeting in its larger context. The Asia-Pacific region is at the center of the global […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Finance Lan Fo’an of the People’s Republic of China
SAN FRANCISCO – Today, Secretary of the Treasury Janet L. Yellen held an introductory meeting with Minister of Finance Lan Fo’an of the People’s Republic of China (PRC). Secretary Yellen spoke about her meeting with PRC Vice Premier He Lifeng earlier this week and conveyed the continued importance of maintaining resilient communication channels with China, […]
Remarks by Secretary of the Treasury Janet L. Yellen at APEC Business Advisory Council (ABAC) Gala Dinner in San Francisco, California
As Prepared for Delivery Thank you to Lieutenant Governor Kounalakis for your remarks and introduction. And to Dominic for your remarks and leadership. To all ABAC delegates: Thank you for your hard work to make the United States’ host year a success, and welcome to San Francisco. This evening, I’ll discuss the importance of the […]
Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Following the Conclusion of the APEC Finance Ministers’ Meeting in San Francisco, California
As Prepared for Delivery Hello everyone and thank you for joining today. I’ve been very glad to chair the 2023 Finance Ministers’ Meeting here in San Francisco over the past two days. And the United States has been proud to host APEC throughout this year. Hosting APEC is one of the many ways the Biden […]