News Release 2020-114 | September 1, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, September 22, 2020, via webinar. The teleconference is open to the public and will begin at 8:30 a.m. Eastern […]
Category Archives: U.S. Treasury
OCC Issues Fourth Quarter 2020 and First Quarter 2021 CRA Evaluation Schedule
News Release 2020-113 | September 1, 2020 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 fourth quarter 2020 and first quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to […]
Statement of Secretary Steven T. Mnuchin Before the U.S. House Select Subcommittee on the Coronavirus Crisis
Chairman Clyburn, Ranking Member Scalise, and members of the Subcommittee, I am pleased to join you today to discuss the Department of the Treasury’s response to the COVID-19 pandemic. For the last five months, Treasury has been working hard to provide fast and direct economic assistance to American workers and their families. We remain committed […]
Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2019
Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2019 were released today and posted on the Treasury web site at (https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/shcreports.aspx). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 30, 2020. […]
Acting Comptroller of the Currency Hosts Access to Capital Forum in Denver
News Release 2020-112 | August 28, 2020 Share This Page: DENVER—Acting Comptroller of the Currency Brian Brooks today hosted an “Access to Capital Forum” in Denver to promote investment and lending in underserved areas and to highlight activities supported by the Office of the Comptroller of the Currency’s (OCC) new Community Reinvestment Act (CRA) rule. “Today, […]
Treasury and IRS Issue Guidance Deferring Certain Payroll Tax Obligations
WASHINGTON – The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance today on President Donald J. Trump’s memorandum of August 8, 2020 directing the Secretary of the Treasury to use his authority to defer certain payroll taxes. The guidance allows employers to defer withholding and paying the employee’s portion of the Social Security […]
Statement from Secretary Steven T. Mnuchin on the African Development Bank Annual Meeting
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement upon the conclusion of the African Development Bank Annual Meeting: “I commend the African Development Bank’s Board of Governors for reaffirming its commitment to the highest standards of governance and taking the opportunity at its Annual Meeting this week to dedicate resources to update its […]
Agencies Issue Three Final Rules
News Release 2020-111 | August 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today finalized three rules, which are either identical or substantially similar to interim final rules currently in effect that were issued earlier […]
Statement by Secretary Steven T. Mnuchin, Governor for the United States of America, on the Occasion of the 2020 Annual Meetings of the African Development Bank Group
WASHINGTON – On behalf of the United States, I would like to thank the Management of the African Development Bank Group for making it possible for the Board of Governors to meet virtually. This meeting takes place at a time when the economic impact of COVID-19 is likely to force much of Africa into recession […]
OCC Allows National Banks and Federal Savings Associations Along U.S. Gulf Coast to Close
News Release 2020-110 | August 25, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the U.S. Gulf Coast at their discretion. In issuing the proclamation, the OCC expects that only […]