Day One Message to Staff from Secretary of the United States Department of the Treasury Janet L. Yellen

WASHINGTON – Today, after being sworn in as the 78th Secretary of the U.S. Department of the Treasury by Vice President Kamala D. Harris, Secretary Janet L. Yellen sent a letter to the 84,000 public servants of the Department.   The text of the letter is below: Dear colleagues,   My name is Janet Yellen, […]

Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury

WASHINGTON – Earlier today, Vice President Kamala D. Harris administered the oath of office to Janet L. Yellen. Secretary Yellen is the first woman to lead the U.S. Department of the Treasury in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair […]

WHAT THEY ARE SAYING: Secretary of the Treasury Janet Yellen Confirmed in a Historic, Bi-Partisan Senate Vote

WASHINGTON – Secretary Janet Yellen was confirmed in a historic vote by the United States Senate as Secretary of the Treasury Department, gaining broad bi-partisan support. The Senate confirmation came days after Secretary Yellen won unanimous backing from both Democrats and Republicans on the Senate Finance Committee. Secretary Yellen has the deep experience to meet […]

Treasury Announces Appointment of Key Members of Staff

WASHINGTON – Today, the United States Department of the Treasury announced new members of staff who will serve in key roles. These qualified, tested, and skilled leaders will join a team prepared to deliver results by getting the economy back on track, strengthening the financial system, and restoring jobs. These appointees represent diverse and varied […]

FACT SHEET: Treasury to Work to Ensure Families Get Access to Economic Impact Payments

In response to President Biden’s COVID-19 Economic Relief Executive Order launching an all-of-government effort to provide economic relief, the U.S. Department of the Treasury will work to stand up an effort to help households who have not yet been able to access their stimulus payments get much-needed relief. As many as 8 million households may […]

Treasury Announces the Appointment of Members of Senior Staff

WASHINGTON – Today, the United States Department of the Treasury announced new members of staff who will serve in senior roles. As the country faces a deep economic downturn triggered by a global pandemic, these crisis-tested and experienced leaders are prepared to address the urgent economic and financial policy decisions facing the nation. These choices […]

OCC Approves Final Rule on Supervisory Guidance

News Release 2021-12 | January 19, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved a final rule confirming the OCC’s use of supervisory guidance for banks. The final rule codifies a statement, as amended, that was issued by the OCC, Board of Governors of the Federal Reserve System, Federal […]

OCC Publication Focuses on Bank Investments in Opportunity Zones

News Release 2021-11 | January 19, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Strengthening Communities With Opportunity Zone Investments.” This edition of Community Developments Investments explains how banks can support distressed communities by making investments in tax-advantaged qualified opportunity […]

Treasury Targets Venezuelan Oil Sector Sanctions Evasion Network

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals, fourteen entities, and six vessels for their ties to a network attempting to evade United States sanctions on Venezuela’s oil sector. The illegitimate Maduro regime has continued to use Petroleos de Venezuela, S.A. (PdVSA) as its primary […]

OCC Fines Former Wells Fargo General Counsel $3.5 Million in Settlement

News Release 2021-10 | January 15, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it has assessed a $3.5 million penalty against James Strother for his role in Wells Fargo Bank, N.A.’s systemic sales practices misconduct. The penalty came as part of a settlement with the bank’s former General […]