News Release 2020-42 | March 27, 2020 Share This Page: Joint Release Board of Governors of the Federal ReserveFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses: Allowing early adoption […]
Category Archives: U.S. Treasury
Statement by Secretary Steven T. Mnuchin on the Passage of the CARES Act
WASHINGTON—U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act): “I am pleased that Congress has passed the CARES Act, the largest economic relief package in history for hardworking Americans and businesses that, through no fault of their own, have been […]
Statement of the Comptroller of the Currency on the Condition of the Federal Banking System and the Response to COVID-19
News Release 2020-41 | March 26, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting made the following statement during today’s Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency. Thank you, Mr. Secretary, for convening FSOC and the work done by […]
Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19
News Release 2020-40 | March 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar […]
Treasury Designates Vast Network of IRGC-QF Officials and Front Companies in Iraq, Iran
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated 20 Iran- and Iraq-based front companies, senior officials, and business associates that provide support to or act for or on behalf of the Islamic Revolutionary Guards Corps-Qods Force (IRGC-QF) in addition to transferring lethal aid to Iranian-backed terrorist militias […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s call with Sudanese Prime Minister Abdalla Hamdok
WASHINGTON – Today, U.S. Treasury Secretary T. Mnuchin spoke with Prime Minister of Sudan Abdalla Hamdok. The Secretary and Prime Minister discussed the impact of the coronavirus on the people of Sudan and the strain placed on their health system. They discussed the importance of international cooperation. The Secretary and the Prime Minister also reaffirmed […]
Secretary Mnuchin on CNBC
Today, Secretary Mnuchin discussed the economic relief package for American workers and businesses on CNBC’s “Squawk on the Street.” On Congressional Negotiations: “I want to thank the Senate for their swift action. People literally worked around the clock for five days. The President and I and others couldn’t be more pleased with the absolute unanimous […]
Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers
WASHINGTON—U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on Financial Services Sector Essential Critical Infrastructure Workers: “I strongly support the Department of Homeland Security’s recent guidance identifying financial services sector workers as essential critical infrastructure workers during the COVID-19 response emergency. The guidance provides information to State and local officials, as they work […]
Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses
WASHINGTON – The spread of coronavirus has disrupted economic activity and put significant liquidity pressure on U.S. businesses. To immediately enhance liquidity and support American workers, households, and businesses through this challenging period, U.S. Treasury Secretary Steven T. Mnuchin today authorized the expansion of two recently launched facilities and the establishment of three new facilities to […]
Public Schedule Update for the Week of March 23 – 29, 2020
SCHEDULE UPDATE: To accommodate ongoing negotiations on the Phase 3 economic relief package, the Financial Stability Oversight Council open meeting will be postponed until later in the week. Updated event information will be added to the Treasury public schedule as available. Postponed until later this week: Secretary Steven T. Mnuchin Financial Stability Oversight Council […]