WASHINGTON – Today, Treasury Secretary Janet L. Yellen sent a letter to her G20 colleagues. The text of the letter is below: Dear Colleagues:For more than a year the global community has faced a historic challenge from the dual health and economic crises caused by the pandemic. COVID-19 does not have a nationality nor respect […]
Category Archives: U.S. Treasury
Financial Action Task Force (FATF) Advances Its Work on Operational Measures to Prosecute Terrorist Financing and Virtual Assets
Washington – The Financial Action Task Force (FATF) concluded its second plenary meeting during the German Presidency, its third virtual plenary since the start of the ongoing COVID-19 pandemic. The FATF advanced its work on several important issues, including finalizing a non-public report on terrorist financing and agreeing to seek public comment on updated guidance […]
OCC Issues Second and Third Quarter 2021 CRA Evaluation Schedule
News Release 2021-25 | February 24, 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 second quarter and third quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Italian Minister of Economy and Finance Daniele Franco
WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Italian Minister of Economy and Finance Daniele Franco. Secretary Yellen congratulated Minister Franco on his appointment, and conveyed her intention to continue to work closely with Italy during its G20 presidency on their shared priorities of ending the pandemic, supporting a strong, […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Bank of Italy Governor Ignazio Visco
WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen spoke with the Governor of the Bank of Italy, Ignazio Visco, ahead of this week’s G20 Finance Ministers and Central Bank Governors meeting. Secretary Yellen conveyed her intention to continue to work closely with Italy during its G20 presidency on their shared priorities of […]
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms
News Release 2021-24 | February 22, 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 Board of Governors of the Federal Reserve System, the Federal Deposit […]
United States Targets Members of Burma’s State Administrative Council following Violence against Protestors
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two individuals connected to the military apparatus responsible for the coup in Burma. Treasury took these actions in response to the Burmese security forces’ killing of peaceful protestors, and Treasury imposed the sanctions under Executive Order 14014, the new Burma-focused sanctions […]
Unauthorized Banking: National Bank and Trust
Alert 2021-1| February 17, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
OCC Promotes Two to Deputy Comptroller for Large Bank Supervision
News Release 2021-22 | February 17, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the promotions of Tanya Smith and Michael (Tim) McDonald to Deputy Comptroller for Large Bank Supervision (LBS). “Tanya and Tim each bring unique supervisory experience, knowledge, and leadership competencies to the agency’s leadership team for […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Minister of Finance and Acting Minister of Economy and Planning Mohammed Al-Jadaan of Saudi Arabia
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Saudi Finance Minister Mohammed Al-Jadaan. Secretary Yellen underscored the importance of the bilateral relationship. She emphasized the need to address the daunting challenges of ending the COVID-19 pandemic, supporting the global economic recovery, fighting income inequality, and forcefully addressing the threat of climate change. Secretary […]