WASHINGTON – Secretary of the Treasury Janet L. Yellen will depart for Niigata, Japan on May 9 where she will participate in the G7 Finance Ministers and Central Bank Governors Meeting. While in Japan, Secretary Yellen will work with our closest partners from many of the world’s largest economies to coordinate on action to make the […]
Category Archives: U.S. Treasury
Biden-Harris Administration Releases Report Outlining Historic Support for Small Manufacturing Businesses Through Treasury Department’s State Small Business Credit Initiative
Vice President Harris to travel to Richmond to highlight the new report and discuss the impact of the Biden-Harris Administration’s Investing in America agenda WASHINGTON — Today, in honor of National Small Business Week, the Biden-Harris Administration released a report detailing how the American Rescue Plan’s (ARP) State Small Business Credit Initiative (SSBCI) is providing […]
Statement by Secretary Yellen on Election of Ajay Banga as World Bank President
“I warmly congratulate Ajay Banga on his election to lead the World Bank. Ajay Banga will bring to this important role the right leadership and management skills, experience living and working in emerging markets, and financial expertise to lead the World Bank at a critical moment in its history. Ajay understands that the challenges we […]
Remarks by Assistant Secretary for Financial Institutions Graham Steele on Community Finance Policy and Building a More Equitable Economy at Inclusiv’s 2023 Conference
MEMPHIS, TN – Today, Assistant Secretary for Financial Institutions Graham Steele delivered remarks at Inclusiv’s 2023 Conference in Memphis, Tennessee on the Treasury Department’s approach to community finance policy and efforts to build a more equitable economy. As Prepared for Delivery Good afternoon. It’s a pleasure to be here and I want to thank Inclusiv […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee May 2, 2023
The Committee convened in a closed session at the Department of the Treasury at 9:15 a.m. All members were present. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary Dave Lebryk, Assistant Secretary for Financial Markets Josh Frost, Deputy Assistant Secretary for Federal Finance Brian Smith, and Director of the Office of Debt Management […]
Statement by Ambassador Chantale Wong, U.S. Executive Director to the Asian Development Bank, on the Launch of the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP)
As an ADB shareholder, the United States welcomes the establishment of the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a strong signal of the Asian Development Bank (ADB)’s ambition to support sustainable infrastructure, diversify energy systems, boost investment in adaptation, and strengthen resilience in the Asia-Pacific region. IF-CAP will complement G7 […]
Treasury Designates Terrorist Financing Facilitators Jointly With Türkiye
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in a joint action with authorities in the Republic of Türkiye, designated two financial facilitators of Syria-based terrorist groups Hay’at Tahrir al-Sham (HTS) and Katibat al-Tawhid wal-Jihad (KTJ), both of which are sanctioned by the United States and the United […]
US Treasury and Monetary Authority of Singapore Conduct Joint Exercise to Strengthen Cross-Border Cyber Incident Coordination and Crisis Management
WASHINGTON—The United States Department of the Treasury and the Monetary Authority of Singapore (MAS) have been expanding its collaboration on cybersecurity and operational resilience issues since Vice President Kamala Harris announced the formal partnership and finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation between Treasury and Singapore’s MAS in August 2021. Pursuant […]
Economy Statement by Eric Van Nostrand, Acting Assistant Secretary for Economic Policy, for the Treasury Borrowing Advisory Committee May 1, 2023
Introduction The American economy showed continued resilience in the first quarter of 2023. Real GDP rose 1.1 percent at an annual rate while employers added 345,000 payroll jobs per month. Amid the strong job growth and persistently low unemployment rates, there were also signs that labor supply grew to match demand. The overall labor force […]
Report on Foreign Portfolio Holdings of U.S. Securities at End-June 2022
Washington – The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2022 were released today on the Treasury website at https://home.treasury.gov/data/treasury-international-capital-tic-system/us-liabilities-to-foreigners-from-holdings-of-us-securities. The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. […]