Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Deputy Prime Minister and Finance Minister Taro Aso of Japan. Secretary Yellen underscored the importance of the U.S.-Japan alliance and conveyed her intention to deepen economic and financial cooperation with Japan to strengthen both economies. The Secretary conveyed her readiness to work closely with […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Italian Minister of Economy and Finance Roberto Gualtieri
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Italian Minister of Economy and Finance Roberto Gualtieri. Secretary Yellen conveyed her intention to work closely with Italy during its G20 presidency on their shared priorities of supporting a strong global recovery, fighting inequality, and forcefully addressing the threat of climate change. They also […]
Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
In the final quarter of 2020, the U.S. economy expanded further, with growth in real GDP of 4.0 percent, according to the advance estimate released last Thursday. Despite this second consecutive quarter of growth, real GDP still declined 2.5 percent over the four quarters of 2020, given the severity of the contraction in the first […]
OCC Releases Community Reinvestment Act Bank Type Determinations, Distressed and Underserved Areas, and Banking Industry Compensation Value
News Release 2021-16 | January 29, 2021 Share This Page: WASHINGTON— The Office of the Comptroller of the Currency (OCC) today announced the availability of the 2021 list of bank type determinations, the 2021 list of distressed and underserved areas, and the banking industry median hourly compensation value. These two lists and the determined compensation value […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland
Earlier today, Secretary Janet Yellen spoke with Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland. During the call, Secretary Yellen affirmed the importance of close collaboration between the United States and Canada on economic policy and national security. Secretary Yellen conveyed her priorities for bolstering recovery efforts and mitigating the impact of the COVID-19 […]
OCC Puts Hold on Fair Access Rule
News Release 2021-14 | January 28, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it has paused publication of its rule to ensure large banks provide all customers fair access to their services. The agency proposed the rule in November 2020 to codify more than a decade of OCC […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Small Business Owners
Secretary of the Treasury Janet L. Yellen participated in a virtual discussion with small business owners to discuss the unprecedented public health and economic crises that have left millions of Americans struggling to get by. Secretary Yellen also discussed strategies to support American small businesses in urban and rural areas alike. Secretary Yellen listened to the […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with French Minister of Finance Bruno Le Maire
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with French Minister of Finance, the Economy, and the Recovery Bruno Le Maire. During the call, Secretary Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, fighting income inequality, and forcefully addressing the threat of climate change. The Secretary […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with German Finance Minister Olaf Scholz
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with German Finance Minister Olaf Scholz. During the call, they stressed the importance of the U.S.-German and transatlantic partnerships and agreed to work together to end the pandemic, support a strong and sustained global economic recovery, fight income inequality, and forcefully address the threat of […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with United Kingdom Chancellor of the Exchequer Rishi Sunak
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with United Kingdom Chancellor of the Exchequer Rishi Sunak. During the call, Secretary Yellen highlighted their shared priorities, including cooperating to end the pandemic and support a strong global recovery, fighting inequality, and forcefully addressing the threat of climate change. They also discussed the need […]