WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with participants from the banking, credit union, and insurance industries; government-sponsored entities (Fannie Mae and Freddie Mac); consumer advocates; and state and federal regulators to discuss the financial sector’s responses to Hurricanes Helene and Milton, and to express the Biden-Harris Administration’s […]
Category Archives: U.S. Treasury
Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023
Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities at year-end 2023 were released today and posted on the Treasury web site at https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities 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 […]
Treasury Takes Aim at Third-Country Sanctions Evaders and Russian Producers Supporting Russia’s Military Industrial Base
Sanctions target individuals and entities in 17 jurisdictions; Deputy Secretary calls on countries to take similar action against enablers of Russia’s military-industrial base WASHINGTON — Today, the U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee October 29, 2024
The Committee convened in a closed session at the Department of the Treasury at 9:00 a.m. All members were present. Heather Masciotti from Citigroup was also present to assist the Committee Chair. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Assistant Secretary for Financial Markets Josh Frost, Deputy Assistant Secretary for […]
Remarks by Secretary of the Treasury Janet L. Yellen at the American Bankers Association Annual Convention
As Prepared for Delivery Let me start by thanking President Nichols for the invitation and for his leadership. I am very glad to have the opportunity to speak to all of you today. Over the past four years, we have forged a strong partnership to get American households and businesses the capital they need, expand […]
United States and Taiwan to Begin Negotiating A Comprehensive Tax Agreement To Address Double Taxation
WASHINGTON, DC – The U.S. Department of the Treasury announced today that the United States and Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), will begin negotiations on a comprehensive agreement to address double taxation issues. The first round of […]
Virtual Remarks by Secretary of the Treasury Janet L. Yellen at the National Congress of American Indians Annual Convention and Marketplace
As Prepared for Delivery Thank you for inviting me to speak to you today. It’s an opportunity for me to recognize the importance of your work advocating for and shaping strong Tribal-federal relations and policies and to discuss what we at the Treasury Department have done on Tribal issues over the past three and half […]
U.S. Department of the Treasury Releases Inaugural National Strategy for Financial Inclusion
WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) released the National Strategy for Financial Inclusion in the United States, which identifies objectives and recommendations for policymakers, industry, employers, and community organizations to advance consumer access to safe financial products and services and strengthen financial security. The Strategy was requested in 2023 by Congress and has […]
FACT SHEET: National Strategy for Financial Inclusion in the United States
The U.S. Department of the Treasury’s (Treasury) National Strategy for Financial Inclusion is a set of objectives and recommendations designed to expand access to safe and affordable financial products and services for all Americans. The Strategy, requested in 2023 by Congress, was informed by Treasury’s extensive research and engagement with experts, community leaders, industry representatives, […]
Additional Information on Final Regulations Implementing Outbound Investment Executive Order (E.O. 14105)
Background On October 28, 2024, the U.S. Department of the Treasury (Treasury) issued final regulations (the Final Rule) implementing Executive Order 14105, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern,” issued by President Biden on August 9, 2023 (the Outbound Order). The Final Rule provides the operative regulations […]