February 5, 2020 The Committee convened in a closed session at the Department of the Treasury at 8:00 a.m. All members were present. Principal Deputy Assistant Secretary for Financial Markets Kipp Kranbuhl, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office […]
Category Archives: U.S. Treasury
Statement from United States Treasury Secretary Steven T. Mnuchin on President Trump’s State of the Union Address
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following President Trump’s State of the Union Address: “President Trump’s message tonight was clear: he is delivering on his promises to the American people. As a result, families are taking home more money in their paychecks, businesses are investing, the economy is […]
United States and Japan Sign Memorandum of Cooperation Strengthening Energy and Infrastructure Finance and Market Building
Tokyo – Today the U.S. Department of the Treasury and the Ministries of Economy, Trade and Industry, and of Finance, of Japan, signed the Memorandum of Cooperation (MOC) on Strengthening Energy and Infrastructure Finance and Market Building. Signed during a meeting between U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Ministry of Finance […]
Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
The U.S. economic recovery, the longest on record at 10½ years, maintained its momentum at the end of 2019. According to the advance estimate, real GDP grew by 2.1 percent in the fourth quarter, matching the pace in the third quarter. On a fourth quarter over fourth quarter basis, the U.S. economy grew by 2.3 […]
Shared National Credit Review Finds Risk Remains Elevated in Leveraged Loans
News Release 2020-15 | January 31, 2020 Share This Page: Joint Release Federal Deposit Insurance CorporationFederal Reserve Board of GovernorsOffice of Comptroller of the Currency WASHINGTON—Federal bank regulatory agencies find that the share and amount of loan commitments with the lowest supervisory ratings rose slightly between 2018 and 2019, according to the Shared National Credit (SNC) […]
Comptroller of the Currency Helps Kick Off 2020 Summer Intern Process
News Release 2020-14 | January 31, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today joined District of Columbia Mayor Muriel Bowser and the heads of other federal agencies to kick off the 2020 Mayor Marion S. Barry Summer Youth Employment Program (MBSYEP) in the District. Last year, the Office of the Comptroller […]
Agencies Propose Changes to Modify “Covered Funds” Restrictions of Volcker Rule
News Release 2020-11 | January 30, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencySecurities and Exchange Commission Five federal financial regulatory agencies on Thursday invited public comment on a proposal to modify regulations implementing the Volcker rule’s general prohibition […]
Comptroller of the Currency Approves Proposal to Revise Volcker Rule Covered Funds Provisions
News Release 2020-10 | January 30, 2020 Share This Page: WASHINGTON—The Comptroller of the Currency today approved a proposed rule to revise the “covered funds” provisions in the regulations implementing Section 13 of the Bank Holding Company Act of 1956 (BHC Act), also known as the Volcker Rule. “By approving the proposal today, we are helping […]
United States Announces Successful Initial Transactions Through Humanitarian Channel for Iran
WASHINGTON –The U.S. Department of the Treasury today announced the completion of initial financial transactions benefitting Iranian medical patients through a humanitarian channel in Switzerland. Iranian cancer and transplant patients are receiving treatments through this channel, which is subject to strict due diligence measures to avoid misuse by the Iranian regime. The successful completion of […]
Comptroller of the Currency Discusses Efforts to Strengthen Community Reinvestment Act Regulations, Condition of the Federal Banking System
News Release 2020-9 | January 29, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today testified during a hearing held by the House Financial Services Committee. The Comptroller’s testimony discussed efforts to strengthen and modernize Community Reinvestment Act regulations, the condition of the federal banking system, the agency’s diversity and inclusion programs, and […]