The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject […]
Category Archives: U.S. Treasury
U.S. Department of the Treasury Awards Over $9 Million to New York to Support Small Business Growth in Semiconductor and Microelectronic Industries
WASHINGTON – Today, the U.S. Department of the Treasury announced that Empire State Development is being awarded $9.4 million to support small business growth in the thriving semiconductor and microelectronics industries through the Biden-Harris Administration’s State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).This award will be supported by $1.5 million […]
Treasury Sanctions Houthi Weapons Smuggling and Procurement Networks
Targets Houthi Procurement Operatives and Suppliers in Iran and China WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating one individual and three companies that have facilitated weapons procurement and smuggling operations for Ansarallah, commonly known as the Houthis. This action targets key procurement operatives and suppliers […]
OCC Releases Bank Supervision Operating Plan for Fiscal Year 2025
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2025. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking […]
U.S. Department of the Treasury Announces More Than $2 Billion in Upfront Savings for Consumers on Electric and Plug-In Hybrid Vehicle Sales Under Biden-Harris Administration’s Inflation Reduction Act
Total Consumer Savings on Fuel and Maintenance of Up To $6.3 billion; Estimated Fuel and Maintenance Savings of $18,000 to $24,000 Over Life of Vehicle WASHINGTON – Today, the U.S. Department of the Treasury and IRS announced consumers have saved more than $2 billion in upfront costs on their purchase of more than 300,000 clean […]
Remarks by Aviva Aron-Dine, Performing the Duties of Assistant Secretary for Tax Policy, on Phase Four of Implementation of the Inflation Reduction Act’s Clean Energy Provisions
As Prepared for Delivery Thank you for joining us today. On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA), with the goal of tackling the climate crisis while creating good-paying jobs, strengthening energy security, and lowering consumer costs. Just a little more than two years later, we are seeing remarkable results. Since […]
Remarks by Assistant Secretary for International Finance Brent Neiman on IMF Governance
As Prepared for Delivery It’s October. Here in DC, that means that the annual meetings of the World Bank and the International Monetary Fund (IMF) are here! For me and my team at the U.S. Department of the Treasury, this is like Christmas or, perhaps, the Super Bowl. Finance ministers and central bankers from all […]
Treasury Designates Extremist Settler Group in West Bank
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Hilltop Youth, a violent extremist group that has repeatedly attacked Palestinians and destroyed Palestinian homes and property in the West Bank, pursuant to Executive Order (E.O.) 14115. Through these violent activities, Hilltop Youth is actively destabilizing the West Bank […]
Treasury Sanctions Members of the Russia-Based Cybercriminal Group Evil Corp in Tri-Lateral Action with the United Kingdom and Australia
The United States takes additional action against the Russia-based cybercriminal group Evil Corp, identifying and sanctioning additional members and affiliates WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating seven individuals and two entities associated with the Russia-based cybercriminal group Evil Corp, in a tri-lateral action with the United […]
OCC Hosts Mutual Savings Association Advisory Committee Meeting October 22
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 22, 2024. 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). […]