NEW YORK – Today, Deputy Secretary of the Treasury Wally Adeyemo convened a roundtable discussion at the New York Stock Exchange with Senators Mark Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the bipartisan Senate Community Development Finance Caucus, and industry leaders to discuss investments in community development capital. During the conversation, Deputy Secretary Adeyemo […]
Category Archives: U.S. Treasury
Remarks by Assistant Secretary for Financial Institutions Graham Steele at the Electronic Transaction Association Fintech Policy Forum
Thank you for inviting me to be here. My name is Graham Steele, and I am the Assistant Secretary for Financial Institutions at the Treasury Department. It is a privilege to speak with you today. As the Assistant Secretary for Financial Institutions, I oversee a broad policy portfolio, including developing the Department’s policy views on […]
MEDIA ADVISORY: Deputy Secretary of the Treasury Wally Adeyemo to Travel to Nigeria
WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo will travel to Lagos, Nigeria September 17 – 19, 2023, as part of the Biden Administration’s commitment to deepening the U.S.-Africa economic and trade relationship. His visit aims to build on the already deep people-to-people ties between the United States and Nigeria, a strong and historic […]
OCC Reports Second 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 $13.7 billion in the second quarter of 2023. The second quarter trading revenue was $3.9 billion, or 22.4 percent, less than in the previous quarter and $3.3 billion, or 31.7 percent, more than in […]
With Wide-Ranging New Sanctions, Treasury Targets Russian Military-Linked Elites and Industrial Base
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing nearly 100 sanctions on Russian elites and Russia’s industrial base, financial institutions, and technology suppliers as the United States continues to leverage sanctions and economic restrictions to undermine Russia’s capacity to wage its war against Ukraine. The Department […]
Opening Remarks by Secretary of the Treasury Janet L. Yellen at the Second Annual CFIUS Conference
As Prepared for Delivery Thank you, Meena, for the introduction, and thanks to Paul for his leadership. I’m very proud of what CFIUS has accomplished over the past year. And it’s a testament to the incredible team that Paul has assembled. I’m glad to have the opportunity to welcome all of you to Treasury for […]
Remarks by Assistant Secretary for Investment Security Paul Rosen at the Second Annual CFIUS Conference
As Prepared for Delivery Thank you, Leila, for that introduction. And thank you for serving in this newly created role as the first Chief Counselor for Enforcement on CFIUS matters at Treasury. Good afternoon, everyone. A big thank you to our panelists today for a frank and insightful discussion. Each of you is a close […]
OCC Hosts Mutual Savings Association Advisory Committee Meeting October 3
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, October 3, 2023. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time (EDT). […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable with U.S. Businesses Operating in Nigeria
WASHINGTON – Ahead of his travel to Lagos, Nigeria, Deputy Secretary of the Treasury Wally Adeyemo hosted a virtual roundtable with representatives from U.S. businesses operating in Nigeria to hear their views on the challenges and opportunities for American companies in the market. They discussed ways to increase incentives for direct investment as well as […]
Treasury Designates Hizballah Operatives and Financial Facilitators in South America and Lebanon
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the Drug Enforcement Administration,designated key Hizballah operatives and financial facilitators in South America and Lebanon. This action includes Amer Mohamed Akil Rada, who in addition to his role as a senior Hizballah operative, was one of the operational […]