OCC Hosts Virtual Minority Depository Institutions Advisory Committee Meeting September 21

News Release 2021-91 | September 3, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 21, 2021. The meeting is open to the public and will begin at 10:00 a.m. Eastern Daylight […]

Treasury Sanctions Iranian Intelligence Network Targeting Iranian-American Activist in the United States

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating four Iranian intelligence operatives who targeted a U.S. citizen in the United States and Iranian dissidents in other countries as part of a wide-ranging campaign to silence critics of the Iranian government. Senior intelligence official Alireza Shahvaroghi Farahani […]

READOUT: Deputy Secretary of the Treasury Wally Adeyemo Visits Connecticut American Rescue Plan Programs

WASHINGTON – Today, Deputy Secretary of the Treasury Wally Adeyemo traveled to Middletown and Hartford, Connecticut to discuss the state’s effective Emergency Rental Assistance program and outreach efforts to enroll families to receive advance Child Tax Credit (CTC) payments under the American Rescue Plan. In Middletown, Deputy Secretary Adeyemo joined Connecticut Governor Ned Lamont, U.S. […]

READOUT: Treasury, White House, and Code for America Host Call to Discuss Collaboration and Launch of New Bilingual and Mobile-Friendly Sign-Up Tool for Advance Child Tax Credit

WASHINGTON – Earlier today, Treasury and White House officials hosted a video call with Code for America to announce their collaboration and launch of the civic technology non-profit’s new mobile-friendly and bilingual Child Tax Credit (CTC) sign-up tool – GetCTC.org. The call featured comments from White House and Treasury officials and a demonstration of the new […]

CDFI Fund Announces $5 Billion in New Markets Tax Credits

Awards will Spur Economic and Community Development Nationwide WASHINGTON – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 100 Community Development Entities (CDEs) were […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by California Wildfires

News Release 2021-89 | August 31, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit […]

Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2020

Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2020 were released today and posted on the Treasury web site at (https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 29, 2021. The […]

U.S. Department of the Treasury Releases Social Security and Medicare Trustees Reports

WASHINGTON – Today, the U.S. Department of the Treasury along with the U.S. Department of Health and Human Services, U.S. Department of Labor, Centers for Medicare and Medicaid Services, and Social Security Administration released the annual Social Security and Medicare Trustees Reports following a closed meeting of the Social Security and Medicare Boards of Trustees.  […]

U.S. Department of the Treasury Launches New Effort on Climate-Related Financial Risks in the Insurance Sector

WASHINGTON – Today, the U.S. Department of the Treasury has announced that the Federal Insurance Office (FIO), in response to President Biden’s May 2021 executive order on climate change, is requesting information and soliciting public comment on the insurance sector and climate-related financial risks. FIO’s efforts will focus on three initial climate-related priorities: (1) assessing […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Ida

News Release 2021-88 | August 30, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union […]