WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin and Deputy Prime Minister and Finance Minister Taro Aso of Japan held a call today following the discussion among the G7 Leaders. They welcomed the strong measures taken by both countries thus far to address the economic and financial impact of the coronavirus, and reaffirmed their commitment […]
Category Archives: U.S. Treasury
Readout from a Treasury Spokesperson of Secretary Mnuchin’s call with Australian Treasurer Josh Frydenberg
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin held a call with Australian Treasurer Josh Frydenberg on Monday, March 16, to discuss the economic impact of the global coronavirus outbreak. They shared updates and discussed policy measures to support the economy, and agreed to stay in regular contact, both on a bilateral basis and through […]
Statement from Secretary Steven T. Mnuchin on the Establishment of a Primary Dealer Credit Facility
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the establishment of a primary dealer credit facility (PDCF) by the Federal Reserve Board: “I have just sent Chairman Jerome Powell a letter confirming that I approve the establishment of the PDCF to provide liquidity to the financial system pursuant to section […]
Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window
News Release 2020-32 | March 16, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve’s “discount window” so that they can continue supporting households and businesses. […]
Treasury International Capital Data for January
Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2020. The next release, which will report on data for February 2020, is scheduled for April 15, 2020. The sum total in January of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]
Secretary Mnuchin on the Sunday Shows
Today, Secretary Steven T. Mnuchin joined Chris Wallace on Fox News Sunday to discuss the state of the U.S. economy and negotiations with Congress on a legislative package to combat the coronavirus outbreak. On the State of the Economy: “If the medical professionals are correct and we are doing all the things, I expect we are […]
Statement from Secretary Steven T. Mnuchin Regarding House-passed Coronavirus Response Legislation
“This bill will provide significant relief to small businesses that cannot afford the employee costs associated with coronavirus. The bill provides a dollar for dollar reimbursement for coronavirus related sick leave costs. To protect businesses concerned about cash flow, the Treasury will use its regulatory authority to advance funds to employers in a number of […]
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Tornadoes in Tennessee
News Release 2020-31 | March 12, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit […]
Treasury Targets Additional Russian Oil Brokerage Firm for Continued Support of Maduro Regime
Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated TNK Trading International S.A. (TTI) for operating in the oil sector of the Venezuelan economy. TTI, incorporated in Switzerland, is a subsidiary of Russian state-controlled Rosneft Oil Company. Following the February 18, 2020 Treasury designation of Rosneft Trading S.A. […]
Statement from U.S. Treasury Secretary Steven T. Mnuchin on the Proposed Appointment of Geoffrey Okamoto as First Deputy Managing Director of the International Monetary Fund
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin today issued the following statement on the proposed appointment of Acting Assistant Secretary Geoffrey Okamoto as First Deputy Managing Director of the International Monetary Fund: “I applaud Managing Director Georgieva’s proposal to appoint Geoffrey Okamoto as First Deputy Managing Director of the IMF. As Acting Assistant Secretary for […]