News Release 2021-123 | December 1, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2022 calendar year, maintaining the rates established for 2021. The 2022 assessment rates will ensure the agency has sufficient resources to recruit, train, and retain the talent and experience necessary […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Virtual Meeting with Technology CEO Council
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen attended a virtual meeting with the Technology CEO Council (TCC), a policy advocacy organization for the country’s leading information technology companies and manufacturers. Secretary Yellen highlighted the progress being made on America’s economic recovery and outlined steps the Biden-Harris Administration is taking to address semiconductor […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Aspen Economic Strategy Group’s Rebuilding the Post-Pandemic Economic Recovery Event
WASHINGTON — Deputy Secretary of the Treasury Wally Adeyemo delivered the following remarks at the Aspen Economic Strategy Group’s Rebuilding the Post-Pandemic Economic Recovery event. As prepared for delivery Thank you very much to the Aspen Economic Strategy Group for inviting me to join you for this important conversation. As a former member of the Economic Strategy Group, […]
OCC Issues First and Second Quarter 2022 CRA Evaluation Schedule
News Release 2021-122 | November 29, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2022. The OCC encourages public comment on the national banks and federal savings associations (collective, banks) scheduled […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Highlights American Rescue Plan Investments and Build Back Better Act in Nevada
LAS VEGAS — Today, Deputy Secretary of the Treasury Wally Adeyemo visited with families in Nevada to discuss how families are benefiting from the expanded and monthly Child Tax Credit (CTC) from the American Rescue Plan and how the Build Back Better Act will cut costs for millions of Americans. In the morning, Deputy Secretary […]
Emergency Rental Assistance Program Surpasses 2.5 Million Payments to Renters and Landlords
More than 521,000 renters received Emergency Rental Assistance in October, totaling more than $2.8 billion in payments. WASHINGTON — State and local governments provided assistance to more than 521,000 renters and landlords in October through the Department of the Treasury’s Emergency Rental Assistance (ERA) programs, bringing the total number of payments for the ERA programs […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Finance Minister Shunichi Suzuki of Japan
WASHINGTON — Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Japanese Finance Minister Shunichi Suzuki. Secretary Yellen shared her perspectives on developments in the U.S. economy and welcomed ongoing collaboration between the United States and Japan across a range of common priorities in the Indo Pacific and globally. The Secretary looks forward […]
U.S. Treasury Expands Syria Nongovernmental Organizations General License
Amends Syria Sanctions Regulations and Issues Two New FAQs WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Syrian Sanctions Regulations (SySR) to expand the authorizations for nongovernmental organizations (NGO) to engage in certain transactions and activities. This action — which builds upon the U.S. government’s longstanding humanitarian […]
Treasury Announces Agreement on the Transition from Existing Indian Equalization Levy to New Multilateral Solution Agreed by the OECD-G20 Inclusive Framework
WASHINGTON – Last month, an historic agreement was reached between 137 countries of the OECD-G20 Inclusive Framework – representing nearly 95% of the world’s GDP – on a two Pillar package of reforms to the international tax framework to be implemented in 2023. These reforms will provide for a tax framework that is fairer, more […]
OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities and Authority of OCC to Charter National Trust Banks
News Release 2021-121 | November 23, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published a letter confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities. Shortly after taking office, […]