News Release 2019-124 | October 28, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationFederal Housing Finance AgencyOffice of the Comptroller of the Currency Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies […]
Category Archives: U.S. Treasury
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Israel on October 28, 2019
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with National Security Advisor of the State of Israel Meir Ben-Shabbat Jerusalem – U.S. Treasury Secretary Steven T. Mnuchin participated in a working lunch with Israeli National Security Advisor Meir Ben-Shabbat. They discussed efforts to combat terrorist financing and national security issues of mutual concern. […]
TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES
Sources and Uses Table WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2019 and January – March 2020 quarters: During the October – December 2019 quarter, Treasury expects to borrow $352 billion in privately-held net marketable debt, assuming an end-of-December […]
Assistant Secretary for Economic Policy Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association October 28, 2019
The U.S. economy continues to grow at a steady pace, propelling further job creation and wage gains. Inflationary pressures remain at bay, even with labor markets at or near full employment. The recovery’s record longevity – now 124 months and counting – reflects benefits from pro-growth measures like the Tax Cuts and Jobs Act of […]
OCC Appoints Receiver for Resolute Bank, Maumee, Ohio
News Release 2019-123 | October 25, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets. The OCC […]
Treasury and State Announce New Humanitarian Mechanism to Increase Transparency of Permissible Trade Supporting the Iranian People
FinCEN identifies Iran as jurisdiction of primary money laundering concern WASHINGTON – Today, the U.S. Departments of the Treasury and State announced a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran. This mechanism will help the international community perform enhanced due diligence on humanitarian trade to ensure that funds associated with […]
Secretary Mnuchin Leads Trip to the Middle East and India
Treasury delegation to Israel, Saudi Arabia, UAE, India and Qatar will advance AML/CFT priorities, strengthen bilateral economic and trade relationships, and further cooperation in support of market-oriented, pro-growth economic policies. WASHINGTON – The U.S. Department of the Treasury today announced some of the key engagements that will occur during Secretary Steven T. Mnuchin’s upcoming trip […]
Mnuchin and Vought Release Joint Statement on Budget Results for Fiscal Year 2019
WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin and Office of Management and Budget (OMB) Acting Director Russell Vought today released the final budget results for FY 2019. The deficit in FY 2019 was $984 billion, $205 billion more than in the prior fiscal year but $16 billion less than forecast in the FY 2020 […]
U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network
News Release 2019-122 | October 24, 2019 Share This Page: Joint Release Commodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencySecurities and Exchange Commission The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining […]
Joint Statement on the U.S. – Israel Joint Economic Development Group
WASHINGTON – On October 23, more than 80 U.S. and Israeli officials gathered together at the U.S. Department of State to participate in the 34th meeting of the U.S. – Israel Joint Economic Development Group (JEDG), the annual economic policy dialogue between the two nations first held in 1985. Both sides expressed satisfaction with the […]