Treasury Dept.
Treasury Provides TARP Funds to Local Banks
January 22, 2009 -- Washington- The U.S. Treasury Department announced details this week of a $1.5 billion investment in 39 banks made through its Capital Purchase Program.
Treasury created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to help to stabilize and strengthen the U.S. financial system. Treasury allocated $250 billion under TARP's Capital Purchase Program to invest in U.S. financial institutions. To date, the Department has made $193.8 billion of investments, receiving preferred stock and warrants from participating institutions. Investments have ranged from as small as $1 million to as large as $25 billion, financing community banking and Community Development Financial Institutions in 43 states and Puerto Rico. » read more »
Treasury Secretary Henry Paulson to Speak on Markets and the Economy in New York City
July 17, 2008 -- U.S. Treasury Secretary Henry M. Paulson, Jr. will deliver remarks next week at The New York Public Library. He will speak on markets and the economy.
Who
Secretary Henry M. Paulson, Jr.
What
Remarks on Markets and the Economy
When
Tuesday, July 22, 8:10 a.m. EDT
Where
The New York Public Library
The Humanities and Social Sciences Library
Fifth Avenue at 42nd Street
New York, N.Y.
Source: Treasury Dept.
U.S. Department of Treasury Targets Al Qaida-Affiliated Terror Group in Algeria
Washington, DC, July 17, 2008 --The U.S. Department of the Treasury today designated four leaders of al Qaida in the Lands of the Islamic Maghreb (AQIM), a terrorist organization that has carried out numerous attacks in Algeria. On July 3, 2008, these four individuals were added to the United Nations Consolidated List of individuals and entities associated with Usama Bin Laden, al Qaida, and the Taliban. » read more »
Statement by AFL-CIO Sec.-Treas. Richard Trumka on Regulatory Reform Proposal
March 31, 2008 -- Today’s Department of Treasury blueprint for regulatory reform broaches the issue of much needed financial market reform. However, it fails to provide either the transparency or regulation required for genuine financial market integrity. Nor does it do anything to resolve the current financial and economic crisis.
The Department of Treasury proposes both weakening the SEC’s enforcement philosophy and substantially stripping it of the power to regulate investment banks. That’s a mistake for our nation’s economy, and a mistake for America’s working families. Investors - - including workers with pensions and families with college savings - - need a strong SEC with comprehensive regulatory authority over the capital markets. » read more »
Senator Menendez Statement On Paulson Financial Industry Oversight Plan
Member of Senate Banking Committee says it is a step in the right direction but does not go nearly far enough
March 31, 2008 -- WASHINGTON – Today, Treasury Secretary Henry Paulson announced his plan to increase oversight over financial markets. U.S. Senator Robert Menendez (D-NJ), a member of the Banking Committee, released the following statement on the plan: » read more »
Speaker Pelosi Statement on Paulson Proposal to Overhaul Regulation of the Financial Markets
March 31, 2008 -- Washington, D.C. - Speaker Nancy Pelosi issued the following statement today after Treasury Secretary Henry Paulson announced a proposal by the Bush Administration to overhaul regulation of the financial markets:
"Congressional Democrats will continue to work to provide additional assistance to millions of families at risk of losing their homes, bring much-needed relief to consumers feeling the impact of the economic downturn, and ensure meaningful regulation of the financial system. » read more »
Statement By New York City Mayor Bloomberg On Treasury Secretary Paulson's Regulatory Reform Plan
March 31, 2008 -- "Today, Secretary of the Treasury Hank Paulson has offered a balanced and thoughtful approach to modernizing our financial system. Secretary Paulson rightly recognizes that we can help mitigate future market turmoil with smarter regulation, but that we must resist the growing political pressure to rush headlong into ill-considered regulations that would stifle innovation, drive jobs overseas, and hurt America's economic health. » read more »
Remarks by Treasury Secretary Henry Paulson on Blueprint for Regulatory Reform
Washington, DC, March 31, 2008 -- Treasury Secretary Henry M. Paulson, Jr.: » read more »
U.S. Treasury Department Releases Blueprint for Stronger Regulatory Structure
Washington, March 31, 2008 -- The U.S. Treasury Department today released its Blueprint for an improved financial regulatory structure, one that strengthens consumer protections, improves tools for market stability and enhances financial innovation. Treasury's Blueprint for a Modernized Financial Regulatory Structure presents a series of short-, intermediate- and long-term recommendations for reform of the U.S. regulatory structure. The Blueprint, announced in June 2007, is a key part of Treasury Secretary Henry M. Paulson Jr.'s efforts to improve the competitiveness of the U.S. capital markets in the increasingly global marketplace. » read more »
Assistant Secretary for Economic Policy Phillip Swagel Remarks on the U.S. Economy before The Euromoney Bond Investors Congress
February 26, 2008, London – Thank you, Padraic. I am pleased to be here in London to discuss the U.S. economy. A lot is happening at the Treasury now; I will give you a quick rundown of four key items--the macro outlook; fiscal stimulus; the housing market; and U.S. financial markets.
Macro Outlook » read more »
Rami Makhluf Designated for Benefiting from Syrian Corruption
February 21, 2008, Washington, DC − The U.S. Department of the Treasury today designated Rami Makhluf, a powerful Syrian businessman and regime insider whom improperly benefits from and aids the public corruption of Syrian regime officials. This action was taken today pursuant to Executive Order 13460, which targets individuals and entities determined to be responsible for or who have benefited from the public corruption of senior officials of the Syrian regime. » read more »
Treasurer Anna Escobedo Cabral Welcome Remarks at the Workshop on Financial Inclusion in the Americas
February 14, 2008, Washington - Good morning. Thank you for being here. I'm extremely pleased to welcome you to Treasury's historic Cash Room – a room where cash was once produced, counted and stored. I'm also very pleased and honored that Secretary Carstens could join us today. On behalf of Secretary Henry Paulson, I'd like to thank Secretary Carstens for your strong partnership. » read more »
Opening Statement of Treasury Secretary Henry Paulson on the Economy and Financial Markets
February 14, 2008, Washington -- Opening statement prepared for delivery by Treasury Secretary Henry M. Paulson, Jr. on the Economy and Financial Markets before the Senate Committee on Banking, Housing and Urban Affairs:
Chairman Dodd, Senator Shelby, Members of the Committee: Thank you for the opportunity to be here today. I am pleased to appear with my colleagues Chairman Bernanke and Chairman Cox. I appreciate their leadership on the challenges confronting our economy and capital markets, and look forward to continued close, productive working relationships. » read more »
Treasury Dept. Holds Inaugural Meeting of President’s Advisory Council on Financial Literacy
February 13, 2008, Washington - The Treasury Department today held the first meeting of the President's Advisory Council on Financial Literacy to lay out its agenda and goals for the upcoming months. The new Council, established by President George W. Bush on January 22, agreed to focus on expanding Americans' access to financial services and increasing financial education for youth in school and for adults in the workplace. The Council also called for research to measure the nation's level of financial literacy. » read more »
Treasury to Host Mexican Finance Minister for Workshop on Financial Inclusion in Latin America
February 13, 2008 -- U.S. Treasurer Anna Escobedo Cabral will host Mexican Finance Secretary Agustín Carstens and other Latin American leaders this week for a two-day Workshop on Financial Inclusion, building on Secretary Henry Paulson's initiative to improve Latin Americans' access to basic financial services announced in a June 2007 speech. » read more »