WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating members of a network of Lebanon- and Kuwait-based financial conduits that fund Hizballah. Additionally, OFAC is designating members of an international network of financial facilitators and front companies that operate in support of Hizballah and Iran’s Islamic Revolutionary […]
Category Archives: U.S. Treasury
United States Issues New Executive Order with Respect to the Humanitarian and Human Rights Crisis in Ethiopia
U.S. Commits to Free Flow of Humanitarian Assistance in Northern Ethiopia Conflict WASHINGTON — In response to the growing conflict and humanitarian and human rights crisis in northern Ethiopia, which has threatened the peace, security, and stability of Ethiopia and the greater Horn of Africa region, President Biden signed an Executive Order (E.O.), “Imposing Sanctions […]
OCC Reports Second Quarter 2021 Bank Trading Revenue
News Release 2021-98 | September 16, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $8.1 billion in the second quarter of 2021. The second quarter trading revenue was $2.4 billion, or 22.9 percent, less than the previous quarter. In the […]
U.S. Treasury Announces FY 2021 CDFI Program and NACA Program Technical Assistance Awards
WASHINGTON – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 191 organizations more than $24.1 million in awards today. The fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow Certified Community Development Financial Institutions […]
Treasury Designates al-Qa’ida Financial Network in Turkey
WASHINGTON — Today, the U.S. Department of the Treasury imposed sanctions against five al-Qa’ida supporters operating in Turkey who provided a range of financial and travel facilitation services to al-Qa’ida. These designations are being taken pursuant to Executive Order (E.O.) 13224, as amended. On September 23, 2001, the President signed E.O. 13224, which designated al-Qa’ida […]
Treasury Report: $700 Billion of $1 Trillion in American Rescue Plan Relief Disbursed in First Six Months
Over $450 billion paid directly to families and households through Economic Impact Payments, Advance Child Tax Credits, and Emergency Rental Assistance WASHINGTON – Today the U.S. Department of the Treasury released a new report on the first six months of the department’s implementation of the American Rescue Plan. Since the law was signed by President […]
Treasury Sanctions Significant Drug Trafficking Organization
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Zulma Maria Musso Torres (Musso Torres) as a significant foreign narcotics trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). Musso Torres (a.k.a. “La Patrona” or “La Señora”) is the leader of an international drug trafficking organization […]
Acting Comptroller Discusses Priorities, Safeguarding Trust in Banking
News Release 2021-97 | September 15, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the agency’s priorities during an appearance before the Exchequer Club. His remarks provided the audience an overview of his priorities to reduce inequality, adapt to digitization, act on climate change, and guard against complacency, and how […]
Remarks by Secretary of the Treasury Janet L. Yellen on Shortages in the Child Care System
Treasury Report Shows U.S. Child Care System Overburdens, Has Inadequate Supply Thank you, Madam Vice President, for coming across the street – and, much more importantly, for your kind words about our Treasury team and your leadership on this issue. Let me also say: Nik Knight, thank you for sharing your story. Economic policymaking is […]
Treasury Releases Report Showing U.S. Childcare System Overburdens Families and Causes Shortages Due to Inadequate Supply
Vice President Kamala Harris and Secretary of the Treasury Janet L. Yellen to Make Case for Build Back Better AgendaThis Will be Vice President Harris’s First Visit to the Department of Treasury Since Taking Office WASHINGTON — The U.S. Department of the Treasury released a new report today on the state of the child […]