News Release 2021-21 | February 16, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by emergency weather conditions associated with Winter Storm Uri at their discretion. In […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis. Secretary Yellen emphasized the importance of the transatlantic partnership and conveyed her intention to deepen U.S.-European cooperation on key policy challenges, including ending the pandemic, supporting a strong global economic recovery, fighting income inequality, […]
United States Announces Leading Pledge to the International Fund for Agricultural Development’s Twelfth Replenishment of Resources
WASHINGTON – Today, the United States announced a pledge of $129 million in support of the Twelfth Replenishment of Resources for the International Fund for Agricultural Development (IFAD-12 Replenishment). This announcement makes the United States the leading donor to the IFAD-12 Replenishment. IFAD is an international financial institution which was created to alleviate poverty and […]
Secretary of the Treasury Janet L. Yellen’s Call with European Central Bank President Christine Lagarde
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Central Bank (ECB) President Christine Lagarde. Secretary Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, maintaining financial stability, and forcefully addressing the threat of climate change. The Secretary commended the ECB’s swift and decisive policy response […]
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2021
News Release 2021-20 | February 12, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s rule that implements stress test requirements of […]
Statement from Treasury Department Spokesperson on Secretary Janet L. Yellen’s Participation in the G7 Finance Ministers and Central Bank Governors Meeting
Earlier today, Secretary of the Treasury Janet L. Yellen participated in a virtual meeting with G7 finance ministers and central bank governors. Secretary Yellen emphasized the commitment of the Biden Administration to multilateralism to solve global issues, stating that the United States “places a high priority on deepening our international engagement and strengthening our alliances.” […]
United States Targets Leaders of Burma’s Military Coup Under New Executive Order
Washington – Today, the Biden administration launched a new sanctions regime in response to the Burmese military’s coup against the democratically elected civilian government of Burma. In coordination with the issuance of a new Executive Order (E.O.), the U.S. Department of the Treasury designated, pursuant to that E.O., 10 individuals and three entities connected to […]
U.S. Treasury Department Holds Financial Sector Innovation Policy Roundtable
Public-Private Forum Focused on Technology Solutions to Protect the Integrity of the U.S. Financial System WASHINGTON – The United States Department of the Treasury hosted its inaugural U.S. Financial Sector Innovation Policy Roundtable on February 9 and 10. The Roundtable brought together policymakers and regulators with experts from the private sector to exchange views for […]
OCC Conditionally Approves Conversion of Protego Trust Bank
News Release 2021-19 | February 5, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the conversion of Protego Trust Company, a Washington state-chartered trust company, to become Protego Trust Bank, National Association. The OCC granted conditional approval to Protego after thorough review of its conversion application. […]
Statement by Secretary of the Treasury Janet L. Yellen on the Historic Impact of Economic Crises on People of Color
(Remarks as prepared) Today, Secretary Yellen spoke at a virtual roundtable with Vice President Kamala D Harris and participants from local Black Chambers of Commerce from across the country to discuss the importance of passing the American Rescue Plan. Thank you all for joining us. I know the members of the Black Chambers of Commerce […]