Action taken in Coordination with the United Kingdom WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action in coordination with counterparts in the United Kingdom to designate key individuals supporting the regime of Syrian President Bashar al-Assad (al-Assad) and the production or export of Captagon, a dangerous […]
Category Archives: U.S. Treasury
Joint 10-Year Plans for the U.S. Strategy to Prevent Conflict and Promote Stability
The following is being released jointly by the U.S. Department of State, the U.S. Department of the Treasury, the U.S. Department of Defense, and the U.S. Agency for International Development (USAID). On Friday, President Biden announced 10-year plans for implementing the U.S. Strategy to Prevent Conflict and Promote Stability in partnership with Haiti, Libya, Mozambique, […]
OCC Appoints Six New Members to Mutual Savings Association Advisory Committee
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today appointed six new members to its Mutual Savings Association Advisory Committee (MSAAC). The MSAAC’s role includes assessing the condition of mutual savings associations, considering regulatory changes, and recommending steps the OCC may take to ensure the health and vitality of the mutual savings association industry. […]
Remarks by U.S. Treasurer Chief Lynn Malerba at a White House and U.S. Mint Event Honoring the American Women Quarters Program
As Prepared for Delivery Kutapatotamawush (Thank you) all so much for being here today. Nuteeooees Soqsqa Mutawi Mutahash wuchee Moheehkanuwak My name is Chief Many Hearts Lynn Malerba from Mohegan. I am honored to serve as the Treasurer of this United States. Before I begin my remarks, I want to recognize that we have a […]
Treasury Sanctions Jet Fuel Suppliers and Military Cronies in Burma Prior to Armed Forces Day
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two individuals and six entities that are connected to Burma’s military and that have enabled the military regime’s continuing atrocities, including through the importation, storage, and distribution of jet fuel to Burma’s military. These actions come as the military […]
Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenka’s Aircraft
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating three entities and nine individuals, and identifying one presidential aircraft as blocked property, pursuant to Executive Order (E.O.) 14038. These designations build on sanctions imposed on individuals and entities in Belarus in response to the ongoing brutal crackdown […]
READOUT: Financial Stability Oversight Council Meeting on March 24, 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 by videoconference. During the meeting, the Council heard a presentation from staff of the Federal Reserve Bank of New York on market developments. The Council discussed current conditions in the banking […]
Testimony of Secretary of the Treasury Janet L. Yellen Before the Financial Services and General Government Appropriations, U.S. House
As Prepared for Delivery Chairman Womack and Ranking Member Hoyer: thank you for inviting me to join you today. I would also like to thank you for your leadership of this subcommittee and support of the Treasury Department. Two years into this Administration, Treasury continues to serve at the forefront of our nation’s response to […]
READOUT: U.S. Candidate for President of the World Bank Ajay Banga Visit to Tokyo, Japan
TOKYO – On March 20th and 21st, U.S. nominee for World Bank President Ajay Banga visited Tokyo, Japan where he met with senior government officials, including the Minister of Finance and Governor of the Bank of Japan. While in Japan, Banga met virtually with South Korea’s Deputy Prime Minister & Finance Minister Choo Kyung-Ho. Both […]
At Low Income Housing Forum, Deputy Secretary Adeyemo Announces Nearly 10.8 Million Emergency Rental Assistance Program Payments to Families at Risk of Eviction
Alongside data, Treasury releases new blog detailing how ERA had expanded reach to tenants in need while building long-term eviction prevention infrastructure WASHINGTON – During remarks at the National Low Income Housing Coalition’s 2023 Housing Policy Forum, Deputy Secretary of the Treasury Wally Adeyemo announced new data from the U.S. Department of the Treasury showing nearly 10.8 million Emergency Rental Assistance (ERA) payments […]