News Release 2020-60 | May 8, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Four federal financial regulatory agencies have approved a policy statement on allowances for credit losses. The statement will promote consistency in the interpretation and […]
Category Archives: U.S. Treasury
Treasury, IRS Deliver Economic Impact Payments to 130 Million Americans in Record Time
WASHINGTON—The U.S. Department of the Treasury and IRS today announced that nearly 130 million Americans have received Economic Impact Payments, worth more than $218 billion, in less than five weeks. These totals do not include the more than $2.5 billion delivered to U.S. territories for payment to territory residents. “This Administration has delivered Economic Impact […]
Statement by Treasury Secretary Steven T. Mnuchin on the Selection of Louis DeJoy to Serve as Postmaster General
WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the selection of Louis DeJoy to serve as U.S. Postmaster General: “Louis DeJoy’s knowledge of supply chains, logistics, and management make him an outstanding choice to serve as the 75th Postmaster General of the United States. As the CEO of a […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association May 5, 2020
The Committee convened in a closed session via teleconference at 10:00 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 of Debt Management Nick Steele welcomed the […]
Statement by Treasury Secretary Steven T. Mnuchin on the Introduction of Legislation to Transfer the Secret Service Back to Its Original Home at the Treasury Department
WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the introduction of legislation by U.S. Senators Lindsey Graham and Dianne Feinstein to transfer the U.S. Secret Service back to the Treasury Department: “I want to thank Senators Graham and Feinstein for introducing this critical legislation to bring the Secret Service […]
Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio For Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility
News Release 2020-59 | May 5, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency To support the flow of credit to households and businesses, the federal bank regulatory agencies today announced an interim final rule that modifies the agencies’ Liquidity Coverage […]
Joint Statement by Treasury Secretary Steven T. Mnuchin and Secretary of the Interior David L. Bernhardt on Distribution of Coronavirus Relief Fund Dollars to Native American Tribes
WASHINGTON – U.S. Secretary of the Treasury Steven T. Mnuchin and Secretary of the Interior David L. Bernhardt today issued the following statement after agreeing on a path forward to provide Coronavirus Relief Fund dollars to Native American Tribes: “We are pleased to begin making $4.8 billion in critical funds available to Tribal governments in […]
Joint Statement by Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza on the Success of the Paycheck Protection Program
Washington—U.S. Secretary of the Treasury Steven T. Mnuchin and Small Business Administration Administrator Jovita Carranza today issued the following statement on the success of the Paycheck Protection Program (PPP): “The Paycheck Protection Program is providing critical support to millions of small businesses and tens of millions of hardworking Americans. “Since Round 2 of PPP […]
OCC Releases CRA Evaluations for 20 National Banks and Federal Savings Associations
News Release 2020-58 | May 1, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of April 1, 2020 through April 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]
Treasury Designates IRGC-Qods Force Front Company and Owner
WASHINGTON—The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated dual Iranian and Iraqi national Amir Dianat, a longtime associate of senior officials of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). Dianat, who is also known as Ameer Abdulazeez Jaafar Almthaje, is involved in IRGC-QF efforts to generate revenue and smuggle […]