WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the Federal Bureau of Investigation (FBI), designated four entities and three individuals in Iran and Turkey for their involvement in the procurement of equipment, including European-origin engines of unmanned aerial vehicles (UAV) in support of Iran’s UAV […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen at the American Bankers Association’s Washington DC Summit
As Prepared for Delivery Good morning, everyone. Thank you, Rob, for your leadership of the American Bankers Association. I greatly appreciate the invitation to be with all of you at an important moment. As everyone in this room knows, the American economy relies on a healthy banking system that can provide for the credit needs […]
Treasury Department Mobilizes Semiconductor Supply Chain Investment Incentives with Key CHIPS Investment Tax Credit Guidance
Proposed Rules Aim to Bolster Semiconductor Supply Chain Resilience and Spur Job Growth by Providing Clarity and Certainty to Taxpayers WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today is releasing a notice of proposed rulemaking for the Advanced Manufacturing Investment Credit (CHIPS ITC) established by the CHIPS Act […]
OCC Hosts Mutual Savings Association Advisory Committee Meeting April 4
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, April 4, 2023. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:15 a.m. Eastern Daylight Time (EDT). […]
OCC Conditionally Approves Flagstar Bank, N.A. to Purchase and Assume Deposits of Signature Bridge Bank, N.A.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) announced today that it has conditionally approved Flagstar Bank, N.A., Hicksville, New York, to purchase assets and assume certain liabilities of Signature Bridge Bank, N.A., New York, New York. The transaction includes the purchase by Flagstar Bank of certain loan portfolios from Signature Bridge Bank, N.A., […]
READOUT: U.S. Candidate for President of the World Bank Ajay Banga Visit to Panama City, Panama
PANAMA CITY – On March 16th and 17th, U.S. nominee for World Bank President Ajay Banga visited Panama City, Panama where he met with Latin American and Caribbean finance ministers, government officials, and multilateral development bank leadership. The meetings took place on the margins of the Inter-American Development Bank Group Annual Meeting and represented the […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with German Minister for Economic Cooperation and Development Svenja Schulze
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with German Minister for Economic Cooperation and Development, Svenja Schulze. During their meeting, Secretary Yellen conveyed the importance of evolving the multilateral development banks to better address global challenges like climate change, pandemics, fragility and conflict. She called for a strong set of […]
Joint Statement by the Department of the Treasury and Federal Reserve
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell: “We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is […]
Joint Statement by the Department of the Treasury, Federal Reserve, FDIC and OCC
WASHINGTON—The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg and Acting Comptroller of the Currency Michael J. Hsu: Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large […]
Joint Statement by the Department of the Treasury, Federal Reserve, FDIC and OCC
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg and Acting Comptroller of the Currency Michael J. Hsu: Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a […]