WASHINGTON — Today, the U.S. Department of the Treasury announced that it has distributed more than $13.1 billion to Tribal governments through the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) established by the American Rescue Plan. This represents the disbursement of over 65 percent of the $20 billion in funding appropriated for Tribal governments […]
Category Archives: U.S. Treasury
Treasury & IRS Release State-by-State Data on Third Round of Economic Impact Payments Totaling Nearly $390 Billion
First Round Economic Impact Payments [1] Cumulative through Calendar Year 2020and Third Round Economic Impact Payments [2] Cumulative through June 3, 2021,by State State Total Third Round Economic Impact Payments Total First Round Economic Impact Payments Number of payments Amount ($ millions) Amount ($ millions) All returns, total 163,522,770 389,928.9 271,421.6 Alabama 2,568,207 […]
Statement from Treasury on Heavily Indebted Poor Countries Debt Relief for Sudan
WASHINGTON — The U.S. Department of the Treasury welcomes today’s announcement from the International Monetary Fund (IMF) that Sudan has successfully cleared roughly $1.4 billion in arrears to the IMF and commends Sudan’s civilian-led transitional government for reaching the first phase of debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Today’s milestone is […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call With Finance Minister of India Nirmala Sitharaman
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Finance Minister of India Nirmala Sitharaman. Secretary Yellen discussed that the United States and India have a shared interest in implementing a robust global minimum tax. The Secretary stressed the importance of partnership with India in the G20 and OECD to seize a once-in-a-generation […]
Mortgage Performance Declines in First Quarter 2021
News Release 2021-71 | June 28, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the first quarter of 2021. The OCC Mortgage Metrics Report, First Quarter 2021 showed that 94.2 percent of mortgages included in the report […]
OCC Reports First Quarter 2021 Bank Trading Revenue
News Release 2021-70 | June 28, 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 $10.5 billion in the first quarter of 2021. The first quarter trading revenue was $4.2 billion, or 65.9 percent, more than the previous quarter. In the […]
Financial Action Task Force (FATF) Advances Its Work on Proliferation Finance, Virtual Assets, Financing of Racially or Ethnically Motivated Violent Extremism, and Financial Flows Linked to Conservation Crime
WASHINGTON – Today the Financial Action Task Force (FATF) concluded its fourth virtual plenary since the start of the ongoing COVID-19 pandemic. The FATF advanced its core work on virtual assets, proliferation finance, digital transformation, and peer member assessments. “The United States commends the FATF for tackling some of the most pressing illicit financing issues […]
Acting Comptroller Statement on the Vote to Overturn OCC True Lender Rule
News Release 2021-69 | June 24, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement on the U.S. House of Representative’s vote to overturn the agency’s true lender rule. Today, the House voted to overturn the Office of the Comptroller of the Currency’s true lender rule, which was finalized […]
Treasury Releases Guidance to Speed the Provision of Emergency Rental Assistance Relief and Support Housing Stability for Renters at Risk of Eviction
WASHINGTON – Today, the U.S. Department of the Treasury released guidance in the form of updated frequently asked questions (FAQs) and fact sheet to continue supporting the rapid deployment of Emergency Rental Assistance by states, territories, localities, and tribal governments. The FAQs build on prior actions to provide state and local governments with the tools […]
Secretary Janet L. Yellen to Travel to G20 Finance Ministers and Central Bank Governors Meeting in Venice, Italy
Will Also Travel to Brussels, Belgium To Advance U.S. Policy Priorities WASHINGTON – The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G20 Finance Ministers and Central Bank Governors meeting in Venice, Italy from July 9-10, 2021. While in Venice, Secretary Yellen will continue to reinforce the U.S. […]