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 second quarter of 2023. The OCC Mortgage Metrics Report, Second Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, […]
Category Archives: U.S. Treasury
Treasury Department Announces Approval of Federal Funds to Connect Over 17,000 Oregon Homes and Businesses to Affordable, High-Speed Internet as Part of President Biden’s Investing in America Agenda
To date, the Capital Projects Fund has awarded over $8.4 billion for broadband, digital technology, and multi-purpose community center projects in all 50 states, estimated to reach over two million locations WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of $156.7 million for high-speed internet projects in Oregon under the American […]
Treasury Sanctions Transnational Procurement Network Supporting Iran’s One-Way Attack UAV Program
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five entities and two individuals based in Iran, the People’s Republic of China (PRC), Hong Kong, Türkiye, and the United Arab Emirates (UAE) involved in the procurement of sensitive parts for Iran’s one-way attack unmanned aerial vehicle (UAV) program. […]
U.S. Department of the Treasury, U.S. Department of Energy, IRS Announce Date for Opening of Applications for Investing in America Program to Spur Clean Energy Investments in Underserved Communities
Program provides a 10 or 20-percentage point tax credit boost for solar and wind projects in low-income or Tribal communities WASHINGTON —Today, the U.S. Department of the Treasury, U.S. Department of Energy, and Internal Revenue Service (IRS) announced that applications for the Low-Income Communities Bonus Credit program under Section 48(e) of the Internal Revenue Code […]
U.S. Department of the Treasury, IRS Release Guidance to Lower Americans Utility Bills, Increase Energy Efficiency of Homes
Energy efficient home credit provides up to $5,000 to home builders for cost-saving upgrades Washington, D.C. — As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) today released guidance on an important provision of the Inflation Reduction Act that will lower Americans’ utility […]
OCC Hosts Workshop for Bank Directors and Senior Management in Sioux Falls
WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a workshop in Sioux Falls, South Dakota, November 7-8 for directors, senior management, and other key executives of national community banks and federal savings associations. The Building Blocks: Developing Strong Management workshop is focused on strategy, people, and oversight. Participants will learn about current […]
Treasury Targets Sinaloa Cartel Fentanyl Trafficking Operations and a Colombian Cartel Leader
Washington — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals, including several Sinaloa Cartel affiliates and fugitives, pursuant to Executive Order (E.O.) 14059. Those sanctioned today operate under the Los Chapitos faction of Mexico’s Sinaloa Cartel. Responsible for a significant portion of the illicit fentanyl and other deadly […]
Remarks by Treasury Department’s Counselor for Racial Equity Janis Bowdler at the 2023 U.S. Hispanic Chamber of Commerce National Conference
As Prepared for Delivery Thank you Monika for that kind introduction. And a special thank you to Ramiro Cavazos, Nelson Reyneri, and the entire US Hispanic Chamber of Commerce for having me today. It’s an honor to represent the Treasury Department here as the Department’s first Counselor for Racial Equity. Advancing equity for historically underserved […]
READOUT: Secretary of the Treasury Janet L. Yellen Participates in the United States – Pacific Islands Forum Summit’s Business Roundtable
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Pacific Island leaders during the United States-Pacific Islands Forum Summit. Secretary Yellen underscored President Biden’s commitment to strengthening the United States’ partnership with Pacific islands, noting the importance of deepening economic ties. As part of a business roundtable, hosted by the Business Council […]
READOUT: Financial Stability Oversight Council Meeting on September 22, 2023
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). During the meeting, the Council heard an update from Federal Reserve staff on international market developments, including the outlook for global financial […]