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 […]
Category Archives: U.S. Treasury
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 […]
Treasury Sanctions Illegitimate Russian-Backed Crimean Officials and Railroad Company Linking Crimea to Russia
OFAC takes action in partnership with Canada and the EU WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight individuals and one entity in response to Russia’s continued aggression toward Ukraine and attempted occupation of Crimea. Seven of these individuals were also designated yesterday by the European […]
OCC Hosts Risk Governance and Compliance Workshops in Washington, D.C.
News Release 2020-8 | January 28, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops at OCC Headquarters in Washington, D.C., March 17 and 18, for directors of national community banks and federal savings associations supervised by the OCC. The Risk Governance workshop on March 17 […]
Secretary Mnuchin Statement on President Trump’s Vision for Peace
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the release of President Trump’s Vision for Peace: “The announcement of President Trump’s Vision for Peace is a historic step towards a more secure and prosperous future for both Israelis and Palestinians. This plan envisions an unprecedented mutual respect for sovereignty, […]
OCC Hosts Credit Risk and Operational Risk Workshops in New Orleans
News Release 2020-7 | January 27, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency will host two workshops at the Embassy Suites by Hilton in New Orleans, March 3-4, for directors of national community banks and federal savings associations supervised by the OCC. The Credit Risk workshop on March 3 […]
Statement of Secretary Steven T. Mnuchin on the 75th Anniversary of the Liberation of Auschwitz
“Today, I was honored to represent President Trump as I led the United States Delegation attending the 75th Anniversary of the Liberation of Auschwitz on this International Holocaust Remembrance Day. I was proud to deliver the President’s Proclamation marking this solemn day to President Andrej Duda, and I want to thank him, the Republic of Poland, and the Auschwitz-Birkenau State Museum for bringing together Holocaust survivors, […]