Treasury’s Plan to Support Affordable Housing Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to be with you today to discuss the Department of the Treasury’s Housing Reform Plan. Last month, my colleagues and I testified before the Senate Banking Committee after the release of the Plan. The comments and […]
Category Archives: U.S. Treasury
Statement by Secretary of the U.S. Treasury Steven T. Mnuchin
Washington, D.C. – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement at the Annual Meeting of the Development Committee of the World Bank and International Monetary Fund: I extend warm greetings to the delegates gathered here in Washington, D.C., for the Annual Meetings of the World Bank Group and International Monetary Fund (IMF). These […]
IMFC Statement of U.S. Treasury Secretary Steven T. Mnuchin
Washington, D.C. – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement at the Annual Meetings of the International Monetary Fund and World Bank: I welcome the opportunity to discuss with my counterparts the challenges facing the global economy. Recent signs of weakness in parts of the global economy underscore the need for countries to use […]
Financial Action Task Force (FATF) Reiterates Terror Finance Risks in Iran, Clarifies “Stablecoin” Guidance, Issues AML/CFT Reports
The U.S. commends FATF’s ongoing efforts to protect international financial system Paris – Today the Financial Action Task Force (FATF) concluded its 31st plenary meeting with a public statement that, among other things, reiterates terrorist financing risks emanating from Iran. The FATF also clarified guidance on “stablecoins” and adopted virtual assets changes, among other reports related […]
Treasury Launches the Counter-Hizballah International Partnership (CHIP) to Thwart Illicit Financial Activity
Washington—This week the Treasury Department convened the first meeting of the Counter-Hizballah International Partnership (CHIP) to build multilateral cooperation for targeting Hizballah’s global financial networks. Over 30 countries representing the Middle East, the Western Hemisphere, Europe, Asia, and Africa participated in this event, which was held on the sidelines of the World Bank/International Monetary Fund […]
Federal Financial Regulatory Agencies Seek Comment on Proposed Interagency Policy Statement on Allowances for Credit Losses and Proposed Interagency Guidance on Credit Risk Review Systems
News Release 2019-120 | October 17, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed […]
Readout from a Treasury Spokesperson of Secretary Mnuchin’s Meeting with French Finance Minister Bruno Le Maire
WASHINGTON, D.C. – On Thursday, October 17, U.S. Treasury Secretary Steven T. Mnuchin met with French Finance Minister Bruno Le Maire. The Secretary and Minister Le Maire reaffirmed the importance of the longstanding economic and trade relationship between the United States and France. The Secretary and Minister discussed issues related to digital taxation, as well […]
United States and Republic of Korea Sign Framework to Strengthen Infrastructure Finance and Market Building Cooperation
U.S. Secretary of the Treasury Steven T. Mnuchin and Korean Deputy Prime Minister and Finance Minister Hong Nam-ki sign a Memorandum of Understanding to Strengthen Infrastructure Finance and Market Building Cooperation. Photo credit: U.S. Department of the Treasury, October 17, 2019. Washington – The United States and Republic of Korea today signed a Memorandum of Understanding (MOU) […]
Treasury International Capital Data for August
Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2019. The next release, which will report on data for September 2019, is scheduled for November 18, 2019. The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]
United States and Singapore Sign Infrastructure Finance and Market Building Cooperation Framework
Washington – Today the United States and Singapore signed the Framework to Strengthen Infrastructure Finance and Market Building Cooperation during a meeting between U.S. Deputy Secretary of the Treasury Justin Muzinich and Singapore Minister in the Prime Minister’s Office and Second Minister for Finance and Education Indranee Rajah. The framework, signed on the sidelines of […]