WAIKŌLOA VILLAGE, HAWAI’I – This week, U.S. Treasurer Chief Lynn Malerba and the U.S. Department of the Treasury’s Office of Tribal and Native Affairs concluded a visit to Native Hawaiian communities, including Hawaiian Home Lands. Hawaiian Home Lands are trust lands set aside by the U.S. Congress through the passage of the Hawaiian Homes Commission Act of 1920. The Hawaiian Homes Commission exists to administer the Act, through the Department of Hawaiian Homelands (DHHL), to provide for the economic advancement of native Hawaiians.
MEXICO CITY - On September 19, Assistant Secretary for International Finance Brent Neiman visited Mexico City, Mexico, and met with senior officials from private and public institutions. Following up on Secretary Yellen’s trip to Mexico City in December 2023 and other bilateral conversations since, Assistant Secretary Neiman’s visit focused on concrete steps both sides can take to improve connectivity between respective payments systems. His meetings also discussed other key aspects of the U.S.-Mexico economic relationship and emphasized the importance of continued...
U.S. Secretary of the Treasury Janet L. Yellen issued a statement regarding the Commodity Futures Trading Commission’s (CFTC) final guidance on voluntary carbon credit derivative contracts.
The Inter-Agency Working Group on Treasury Market Surveillance (IAWG) has released a staff progress report detailing significant measures taken to enhance the resilience of the U.S. Treasury market. The IAWG comprises staff from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission.
The United States and the People’s Republic of China held the fifth meeting of the Economic Working Group (EWG) on September 19-20 in Beijing. This was the second EWG held in China.
U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) on September 20, 2024, in executive session via videoconference.
On September 19, 2024, Secretary of the Treasury Janet L. Yellen addressed the Community Development Advisory Board Meeting to commemorate the 30th anniversary of the Community Development Financial Institutions (CDFI) Fund.
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a network comprising five entities and one individual, based in Russia and the Russia-occupied Georgian region of South Ossetia, for enabling illicit payment mechanisms between Russia and the Democratic People’s Republic of Korea (DPRK). This action targets parties that have assisted in sanctions evasion, supporting DPRK's weapons programs and Russia's war against Ukraine.
The U.S. Department of the Treasury released the Treasury International Capital (TIC) data for July 2024. The next release, covering August 2024, is scheduled for October 17, 2024.
Today, Secretary of the Treasury Janet L. Yellen met with the families of Americans taken hostage by Hamas as part of the October 7th terrorist attacks. The Secretary conveyed her unwavering support for the families and expressed her condolences to those whose loved ones have been killed.
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking and additional guidance on the Alternative Fuel Vehicle Refueling Property Credit, as expanded by the Biden-Harris Administration’s Inflation Reduction Act.
Traffic was so rare on the road in Lewiston, Maine, where David Chittim and his wife bought an old farmhouse in the late 1970s, that they’d jump to look out the window every time a car passed by. The newlyweds, both 27, moved to the house because it was something they could afford and fix up themselves. But even though it was just a few miles from the city’s downtown, Chittim said they were “essentially isolated.”
On September 18, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 12 individuals linked to the Iranian regime's violent repression of its people, both domestically and internationally. These designations target members of the Islamic Revolutionary Guard Corps (IRGC), officials from Iran’s Prisons Organization, and those responsible for lethal operations overseas. This action was coordinated with Canada and Australia, which have also announced new sanctions against those connected to human rights abuses in Iran.
The U.S. Department of the Treasury has announced an award of $7.9 million to the Arizona Commerce Authority (ACA) to support small business growth under the Biden-Harris Administration’s State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).
Global investment firm Carlyle (NASDAQ: CG) announced an agreement to purchase up to $300 million of equity sharing home loans from Unison, a pioneer in equity sharing agreements. Carlyle also made a strategic investment into Unison, facilitating the launch of the Unison Equity Sharing Home Loan product, which allows homeowners to access their growing pool of home equity.
MEXICO CITY – Assistant Secretary for Investment Security Paul Rosen traveled to Mexico City, Mexico, for meetings with the Government of Mexico and business and investment community leaders. He also provided remarks at the International Bar Association Annual Conference.
Total assets, shares and deposits, and membership at federally insured credit unions declined at the median over the year ending in the second quarter of 2024, while loans outstanding increased, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration (NCUA).
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned five individuals and one entity associated with the Intellexa Consortium for their involvement in developing, operating, and distributing commercial spyware technology. This action is part of broader U.S. government efforts to counter commercial spyware vendors.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned four individuals in Georgia for actions undermining fundamental freedoms, including freedom of expression. The sanctions target two Georgian government officials and two private citizens involved in violently suppressing peaceful protests and political opposition.
Global investment firm Carlyle (NASDAQ: CG) announced a strategic partnership with North Bridge ESG LLC ("North Bridge") to provide up to $1 billion for the origination of commercial property assessed clean energy (C-PACE) loans. This collaboration aims to leverage Carlyle's expertise in strategic growth, real estate, and asset-backed finance to enable North Bridge to meet evolving market demands on a larger scale.
