News Release 2019-128 | November 1, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles. The final rule builds on the […]
Category Archives: U.S. Treasury
Joint Statement on the India – U.S. Economic and Financial Partnership
Indian Finance Minister Nirmala Sitharaman and U.S. Secretary of the Treasury Steven Mnuchin met in New Delhi to continue the India – U.S. Economic and Financial Partnership, a dialogue meant to deepen the economic partnership between the two countries and advance work in a number of areas to support economic growth and security. Following the […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Indian Finance Minister Nirmala Sitharaman on November 1, 2019
New Delhi – U.S. Treasury Secretary Steven T. Mnuchin met with Indian Finance Minister Nirmala Sitharaman to continue the India – U.S. Economic and Financial Partnership, a dialogue meant to deepen the economic partnership between the two countries and advance work in a number of areas to support economic growth and security. Secretary Mnuchin and […]
Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
News Release 2019-127 | October 31, 2019 Share This Page: Joint Release Federal Reserve Board of GovernorsConsumer Financial Protection BureauOffice of the Comptroller of the Currency WASHINGTON—The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Saudi Arabia on October 29, 2019
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud of the Kingdom of Saudi Arabia Riyadh – U.S. Treasury Secretary Steven T. Mnuchin met with His Royal Highness Mohammed bin Salman, Crown Prince, Deputy Premier, and Chairman of the Council of Economic […]
Treasury and IRS Issue Guidance to Reduce Regulatory Burdens on Taxpayers and Protect the U.S. Tax Base
WASHINGTON—The Treasury Department and Internal Revenue Service today issued guidance to taxpayers to eliminate costly documentation requirements and provide advance notice of their intent to streamline other regulations under section 385 of the Internal Revenue Code. “The Tax Cuts and Jobs Act leveled the playing field for American businesses and finally allowed the U.S. to […]
Report on U.S. Portfolio Holdings of Foreign Securities at End-Year 2018
Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities at year-end 2018 were released today and posted on the Treasury web site at https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/shcreports.aspx The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in the United Arab Emirates on October 31, 2019
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi Abu Dhabi – U.S. Treasury Secretary Steven T. Mnuchin met with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. Secretary Mnuchin thanked the Crown Prince for his […]
Treasury and IRS Announce Proposed New Tax Form to Collect Opportunity Zone Fund Data
Washington – The United States Department of the Treasury and the Internal Revenue Service (IRS) today released a proposed Form 8996 for Qualified Opportunity Funds (QOFs) for the 2019 tax year. The form is designed to collect information on the amount of investment by opportunity funds in business property by census tract. “This is an […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Saudi Arabia on October 30, 2019
Terrorist Financing Targeting Center Jointly Designates Network of Corporations, Banks, and Individuals Supporting IRGC and Hizballah Riyadh – On October 30, the seven member nations of the Terrorist Financing Targeting Center jointly designated 25 targets affiliated with the Iranian regime’s terror-support networks in the region. This is the TFTC’s largest joint designation to date, and […]