As Prepared for Delivery Thank you very much for the opportunity to be here today, and a particular thank you to our hosts, John Williams, Fabiola Ravazzolo, and their team at the Federal Reserve Bank of New York. This conference is a timely and welcome addition to the range of engagements the New York Fed […]
Category Archives: U.S. Treasury
Treasury Targets Organization with Ties to Violent Actors in the West Bank
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Amana the Settlement Movement of Gush Emunim Central Cooperative Association Ltd (Amana), a settlement development organization that is involved with U.S.-sanctioned individuals and outposts that perpetrate violence in the West Bank, and its subsidiary Binyanei Bar Amana Ltd. This action, […]
Remarks by Under Secretary for Domestic Finance Nellie Liang “Strengthening Treasury Market Resilience and the Expansion of Central Clearing” at the Financial Markets Group Fall Conference, hosted by the Federal Reserve Bank of Chicago
As Prepared for Delivery Thank you for the invitation to be part of this conference and to speak with you today. The conference agenda lays out some of the significant opportunities and challenges of expanding central clearing in the Treasury market, and I look forward to hearing your perspectives. In my remarks, I will focus […]
Treasury Issues Final Regulations to Sharpen and Enhance CFIUS Procedures and Enforcement Authorities to Protect National Security
WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a final rule to enhance certain CFIUS procedures and sharpen its penalty and enforcement authorities. The final rule is the first substantive update to the monitoring and enforcement provisions of the […]
Treasury Targets Syrian Conglomerate Funding Qods Force and Houthis
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 26 companies, individuals, and vessels associated with the Al-Qatirji Company, a Syrian conglomerate responsible for generating hundreds of millions of dollars in revenue for Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis through the sale of Iranian oil […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Financial Literacy and Education Commission Meeting
As Prepared for Delivery Good afternoon. Let me start by thanking you for your continued work promoting financial literacy and education and for being part of today’s Financial Literacy and Education Commission (FLEC) meeting. The FLEC provides a crucial forum to coordinate the government’s efforts to help consumers make informed, sound decisions that enhance their […]
OCC Announces Two New Deputy Comptrollers for Large Bank Supervision
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the promotions of Robert Barnes and Kevin Greenfield as Deputy Comptrollers for Large Bank Supervision (LBS). “Robert and Kevin have each had distinguished careers at the OCC and are recognized throughout the agency for their diverse experience, considerable expertise, and strong leadership,” said Senior […]
Remarks by Assistant Secretary for Economic Policy (P.D.O.) Eric Van Nostrand on U.S. Business Investment in the Post-COVID Expansion
As Prepared for Delivery I am honored to join you at PIIE, an institution that has done as much as any to help policymakers and the public think through the trade-offs that animate the thorniest questions of economic policy. I am grateful to Adam Posen for extending his welcome; to Caroline Atkinson, our distinguished moderator; […]
Treasury Sanctions Sudanese Commander Involved in Human Rights Abuses in West Darfur
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Abdel Rahman Joma’a Barakallah (Barakallah) for his leadership role in the Rapid Support Forces (RSF), a primary party responsible for the ongoing violence against civilians in Sudan since April 2023. Barakallah led the RSF’s campaign in West Darfur, which was marked […]
Treasury Expands Sanctions on Republika Srpska Network Evading U.S. Sanctions
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating one individual and one entity who support a corrupt patronage network in Bosnia and Herzegovina (BiH) that is attempting to evade U.S. sanctions. This network is directly linked to U.S.-designated Igor Dodik (Igor), the son of Milorad Dodik […]