As prepared for delivery: March 3, 2020 Brussels, Belgium The Importance of Financial Innovation to Economic Growth and Financial Stability Thank you to Nick and Afore for putting together today’s impressive program. It is so great to see many old friends and also to spend time with many of you who are quickly becoming new […]
Category Archives: U.S. Treasury
Statement of G7 Finance Ministers and Central Bank Governors
U.S. Treasury Secretary Steven T. Mnuchin and Federal Reserve Chair Jerome H. Powell led a call with the G7 Finance Ministers and Central Bank Governors to discuss the coronavirus disease 2019. At the conclusion of their meeting, they issued the following joint statement: Washington – “We, G7 Finance Ministers and Central Bank Governors, are closely […]
Treasury and IRS Release Tax Year 2018 Statistics
Washington – Today, the U.S. Treasury Department and Internal Revenue Service (IRS) released tax year 2018 statistics to the public. These statistics are from individual income tax returns (Form 1040’s) filed through mid-November of 2019 and filings by charitable organizations through December of 2019. “President Trump’s pro-growth economic policies, including the Tax Cuts and Jobs […]
Treasury Sanctions Individuals Laundering Cryptocurrency for Lazarus Group
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned two Chinese nationals involved in laundering stolen cryptocurrency from a 2018 cyber intrusion against a cryptocurrency exchange. This cyber intrusion is linked to Lazarus Group, a U.S.-designated North Korean state-sponsored malicious cyber group. Specifically, OFAC is designating 田寅寅, Tian […]
Treasury Convenes Cryptocurrency Working Session with Industry Leaders
WASHINGTON—Today, the U.S. Treasury Department convened a meeting of industry thought leaders and compliance experts to discuss supervisory and regulatory challenges facing digital assets, including cryptocurrency. “The U.S. welcomes responsible innovation, including new technologies that may improve the efficiency of the financial system,” said Secretary Steven T. Mnuchin. “We must ensure that we balance innovation […]
OCC Issues Second and Third Quarter 2020 CRA Evaluation Schedule
News Release 2020-23 | February 28, 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 second quarter and third quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]
Treasury and IRS Release Strong Preliminary Tax Season Filing Data
Washington – Through the first four weeks, the IRS and taxpayers are experiencing a strong tax filing season with refunds reaching taxpayers as planned. “Nearly 50 million taxpayers have filed tax returns and have received over $117 billion of their money back in tax refunds,” said Secretary Steven T. Mnuchin. “Taxpayers are seeing an average […]
Statement by the Secretary of the Treasury on the Grand Ethiopian Renaissance Dam
Washington, DC – On February 27-28, 2020, U.S. Treasury Secretary Steven T. Mnuchin participated in separate bilateral meetings with the Ministers of Foreign Affairs and the Ministers of Water Resources of Egypt and Sudan. The United States facilitated the preparation of an agreement on the filling and operation of the Grand Ethiopian Renaissance Dam […]
Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2019
Washington – – Preliminary data from the June 2019 benchmark survey of foreign portfolio holdings of U.S. securities were released today on the Treasury website at http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/shlreports.aspx. Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 30, 2020. The survey was undertaken […]
Treasury Announces Freedman’s Bank Forum
The Forum will honor the Bank’s legacy, discuss economic opportunity for all Americans The U.S. Department of the Treasury today announced plans to host the Freedman’s Bank Forum on Tuesday, March 3, 2020. The Forum commemorates the 155th anniversary of the Freedman’s Savings and Trust Company’s charter. Freedman’s Savings and Trust Company, commonly referred to […]