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 […]
Category Archives: U.S. Treasury
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 […]
Blake Paulson Named Agency’s Next Senior Deputy Comptroller for Midsize and Community Bank Supervision
News Release 2019-119 | October 15, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Blake Paulson would become the next Senior Deputy Comptroller for Midsize and Community Bank Supervision. In this role, Mr. Paulson will oversee the team of more than 1,500 employees responsible for supervising approximately 1,100 community […]
Treasury Designates Turkish Ministries and Senior Officials in Response to Military Action in Syria
Two Ministries and Three Ministers Designated withNew Executive Order Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two ministries and three senior Turkish Government officials in response to Turkey’s military operations in Syria. The Turkish Government’s actions are endangering innocent civilians, and destabilizing the region, […]
OCC Assesses $30 Million Civil Money Penalty Against Citibank
News Release 2019-118 | October 11, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $30 million civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violations related to the holding period of other real estate owned (OREO). The OCC found the bank engaged in repeated […]
Treasury Developing New Authorities to Target Turkey for Any Potential Human Rights Abuses or Destabilizing Actions in Syria
Impending Presidential E.O. Will Authorize Treasury to Sanction Turkish Government Agencies and Officials Washington – Given Turkey’s ongoing military offensive in northeastern Syria, President Donald J. Trump intends to sign an Executive Order to dissuade Turkey from any further offensive military action in northeast Syria, including but not limited to indiscriminate targeting of civilians, targeting of […]
Treasury Sanctions Businessmen in South Sudan for Corrupt Dealings with Government Officials and Sanctions Evasion
Global Magnitsky designations target government insiders engaging in bribery, kickbacks, and procurement fraud while draining state coffers Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ashraf Seed Ahmed Al-Cardinal (Al-Cardinal) and Kur Ajing Ater (Ajing) for their involvement in bribery, kickbacks and procurement fraud with senior government officials. […]