United States’ Notification of Termination of 1979 Tax Convention with Hungary

United States’ Notification of Termination of 1979 Tax Convention with Hungary | site |



Information contained in U.S. Department of the Treasury press release dated: July 15, 2022 Washington - - The U.S. Department of the Treasury today announced that on July 8, 2022, the United States notified Hungary of its termination of the Convention between the Government of the United States of America and the Government of the Hungarian People’s Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, in force since 1979 (the “Convention”). In accordance with the Convention’s provisions on termination, termination will be effective on January 8, 2023. However, as specified in the Convention, with respect to taxes withheld at source, the Convention shall cease to have effect on January 1, 2024. In respect of other taxes, the Convention shall cease to have effect wi...

Michael S. Barr sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System | site |


Information contained in Board of Governors of the Federal Reserve System press release dated: July 19, 2022

Michael S. Barr took the oath of office as Vice Chair for Supervision and a member of the Board of Governors of the Federal Reserve System on Tuesday. The oath was administered by Chair Jerome H. Powell in the press briefing room of the Board's Martin building.

Chair Jerome H. Powell swears in Michael S. Barr on July 19, 2022 as Vice Chair for Supervision and a member of the Board of Governors of the Federal Reserve System.

President Biden nominated Mr. Barr on May 2, 2022, and he was confirmed by the United States Senate on July 13. His term as Vice Chair for Supervision ends on July 13, 2026, and his term as a member...

Minutes of the Board's Discount Rate Meetings from May 16 through June 15, 2022

| site |


Information contained in Board of Governors of the Federal Reserve System press release dated: July 12, 2022

The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from May 16 through June 15, 2022.

The minutes are attached.

Attachment (PDF)...

Minutes of the Federal Open Market Committee, June 14-15, 2022



Information contained in Board of Governors of the Federal Reserve System press release dated: July 6, 2022

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14–15, 2022.

The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/moneta...ccalendars.htm


Minutes of the Federal Open Market Committee
June 14-15, 2022: HTML | PDF

Mark T. Uyeda Sworn In as U.S. Securities and Exchange Commission Commissioner | site |


Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: June 30, 2022 Washington D.C., June 30, 2022 - - The Securities and Exchange Commission today announced Mark T. Uyeda has been sworn into office as a Commissioner by Brian Johnson, Assistant Director of the Division of Investment Management's Rulemaking Office. Commissioner Uyeda was nominated by President Biden earlier this year and confirmed by the U.S. Senate on June 16. "I’m honored to welcome Mark to the Commission," said SEC Chair Gary Gensler. "Mark brings extensive experience in corporate and securities law, including the past 15 years as our colleague at the SEC. I look forward to working with him to advance our mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation." "I have the highest respe...

Agencies release List of Distressed or Underserved NonMetropolitan Middle-Income Geographies | site |



Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency


Information contained in Board of Governors of the Federal Reserve System press release dated: July 1, 2022

Federal bank regulatory agencies today made available the 2022 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration pursuant to the definition of community development under the agencies' regulations. Visit the Federal Financial Institutions Examination Council (FFIEC) website to see the 2022 list, previous years' lists, and criteria for designating these areas. Distressed or underserved nonmetropolitan middle-inco...

Agencies issue Host State Loan-to-Deposit Ratios | site |


Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency Information contained in Board of Governors of the Federal Reserve System press release dated: June 28, 2022 Federal bank regulatory agencies today issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace those from June 2021. By law, a bank is generally prohibited from establishing or acquiring branches outside of its home state primarily for the purpose of acquiring additional deposits. This prohibition seeks to ensure that interstate bank branches will not take deposits from a community without the bank also reasonably helping to meet the credit needs of that community. ...

Federal Open Market Committee announces its tentative Meeting Schedule for 2023 | site |


Information contained in Board of Governors of the Federal Reserve System press release dated: June 24, 2022

The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023:

January 31-February 1 (Tuesday-Wednesday)

March 21-22 (Tuesday-Wednesday)

May 2-3 (Tuesday-Wednesday)

June 13-14 (Tuesday-Wednesday)

July 25-26 (Tuesday-Wednesday)

September 19-20 (Tuesday-Wednesday)

October 31-November 1 (Tuesday-Wednesday)

December 12-13 (Tuesday-Wednesday)

January 30-31, 2024 (Tuesday-Wednesday)...

U.S. Secretary of the Treasury Janet L. Yellen’s Meeting with Irish Finance Minister and Eurogroup President Paschal Donohoe | site |



Information contained in U.S. Department of the Treasury press release dated: June 2, 2022 U.S. Secretary of the Treasury Janet L. Yellen met today with Irish Finance Minister and Eurogroup President Paschal Donohoe. Secretary Yellen welcomed the European Union’s strong partnership in holding Russia accountable for its illegal and unprovoked war against Ukraine and noted appreciation for the Irish government’s commitment to sanctions implementation. The Secretary also welcomed the European Union’s Marco-Financial Assistance package of up to EUR 9.5 billion for Ukraine. Minister Donohoe and Secretary Yellen also discussed the importance of continued progress on the OECD global tax reform agreement. Secretary Yellen underscored the United States’ strong commitment to the Good Friday Agreement....

Social Security Board of Trustees says Outlook of Combined Trust Funds Improves | site |




Information contained in U.S. Social Security Administration press release dated: June 2, 2022

The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2035, one year later than projected last year, with 80 percent of benefits payable at that time.

The OASI Trust Fund is projected to become depleted in 2034, one year later than last year’s estimate, with 77 percent of benefits payable at that time. The DI Trust Fund asset reserves are not projected to become depleted during the 75-year projection period.

In the 2022 Annual Report to Congress, the Trustees announced:

• The asset reserves of the combined

...

U.S. Securities and Exchange Commission Announces Eight New Investor Advisory Committee Members | site |



Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: June 1, 2022

Washington D.C., June 1, 2022 - - The Securities and Exchange Commission today announced eight new members to fill all vacancies on its Investor Advisory Committee. The new members join 15 current committee members. The committee, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act, advises the Commission on regulatory priorities and various initiatives to help protect investors and promote the integrity of the U.S. securities markets. "The new members bring valuable experiences to the Investor Advisory Committee. I thank each of them for their willingness to serve, providing the Commission with important perspectives on behalf of investors," said SEC Chair Gary Gensler. "I also thank the Investor Advisory Committee's...

U.S. Department of the Treasury Releases Social Security and Medicare Trustees Reports | site |




Information contained in U.S. Department of the Treasury press release dated: June 2, 2022 Washington - - Following a meeting of the Social Security and Medicare Boards of Trustees, the U.S. Department of the Treasury—joined by Departments of Health and Human Services and Labor, the Centers for Medicare & Medicaid Services, and the Social Security Administration—released the annual Social Security and Medicare Trustees Reports. “The Biden-Harris Administration is committed to protecting and strengthening Social Security and Medicare which represent promises to America’s seniors and play a vital role in our economy,” Secretary of the Treasury Janet L. Yellen said. “This latest report shows an improvement in the financial position of Social Security and Medicare, reflecting the strong economic recovery and growth in the last year. However, in the c...

Minutes of the Board's Discount Rate Meetings from April 25 through May 4, 2022 | site |



Information contained in Board of Governors of the Federal Reserve System press release dated: May 31, 2022

The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from April 25 and May 4, 2022.

The minutes are attached.

Attachment (PDF)...

U.S. Securities and Exchange Commission names Richard R. Best Director of Division of Examinations
| site |




Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: May 24, 2022 Washington D.C., May 24, 2022 - - The Securities and Exchange Commission today announced the appointment of Richard R. Best as Director of the Division of Examinations, effective immediately. He has served as the Division's acting director since March 23, 2022. "I've valued Rich's judgment and counsel since I joined the SEC, and I'm thrilled he's agreed to lead the Division of Examinations," said SEC Chair Gary Gensler. "Our examinations program – acting as eyes and ears on the ground for the Commission - is critical for our capital markets to function well and keep the public's trust. Rich's experience leading three different SEC offices gives him perspective and relationships across the agency that will be invaluable to the Division." "The...

Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at SIFMA’s Anti-Money Laundering and Financial Crimes Conference | site |





Information contained in U.S. Department of the Treasury press release dated: May 25, 2022

Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at SIFMA’s Anti-Money Laundering and Financial Crimes Conference

May 25, 2022

As Prepared for Delivery Good morning—thank you, Ira, for the warm welcome, and thank you to SIFMA for inviting me to speak with you today. Compliance plays a critical role in protecting the integrity of the financial system, and no one appreciates that more than me and my colleagues at the Treasury Department. I know that many of you have been working around the clock these past few months to ensure that your institutions’ compliance programs keep pace as Russia’s war has r...

Minutes of the Federal Open Market Committee, May 3-4, 2022 | site |




Information contained in Board of Governors of the Federal Reserve System press release dated: May 25, 2022

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on May 3–4, 2022.

The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee May 3-4, 2022: ...

Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System | site |


Information contained in Board of Governors of the Federal Reserve System press release dated: May 23, 2022

Jerome H. Powell on Monday took the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System. Chair Powell's oath was administered by Vice Chair Lael

Vice Chair Lael Brainard swears in Chair Jerome H. Powell on May 23, 2022 for his second term as Chair of the Board of Governors of the Federal Reserve System. -

Brainard in the press briefing room of the Board's Martin building. President Biden re-nominated Mr. Powell in November 2021, and he was confirmed by the United States Senate on May 12, 2022. His new term as Chair ends on May 15, 2026, and his term as a member of the Board ends on Jan...

U.S. Department of the Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries | site |




Information contained in U.S. Department of the Treasury press release dated: May 19, 2022 Washington - - Today, the U.S. Department of the Treasury announced the first group of plans approved under the new round of the State Small Business Credit Initiative (SSBCI). The American Rescue Plan reauthorized and expanded SSBCI, which was originally established in 2010 and was highly successful in increasing access to capital for traditionally underserved small businesses and entrepreneurs. The new SSBCI builds on this successful model by providing nearly $10 billion to states, the District of Columbia, territories, and Tribal governments to increase access to capital and promote entrepreneurship, especially in traditionally underserved communities...

Federal Reserve Board finalizes Rule that governs Funds Transfers over the Federal Reserve Banks' FedNow Service | site |



Information contained in Board of Governors of the Federal Reserve System press release dated: May 19, 2022 The Federal Reserve Board on Thursday finalized a rule that governs funds transfers over the Federal Reserve Banks' FedNow℠ Service. The final rule is substantially similar to the proposal from last year, with a few clarifications in response to comments. The FedNow Service is a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States and is expected to be available in 2023. The final rule provides a comprehensive set of rules governing funds transfers over the FedNow Service and provides legal certainty and clarity on the rights and obligations of parties to a transfer over the FedNow Service. ...

Transcript of Press Conference from Secretary of the Treasury Janet L. Yellen in Bonn, Germany | site |



Information contained in U.S. Department of the Treasury press release dated: May 18, 2022

Transcript of Press Conference from Secretary of the Treasury Janet L. Yellen in Bonn, Germany

May 18, 2022 Thank you for being here. This has been a very productive week already, and I am looking forward to the G7 Ministerial here in Bonn this week. First, I’d like to thank Minister Lindner for his leadership. I have spent the week in Warsaw and Brussels before arriving here in Bonn. The backdrop against this trip is, of course, Russia’s illegal and unprovoked war against Ukraine. My thoughts continue to be with the people of Ukraine as they fight back against Putin’s brutal invasion into their homeland. I was honored to join and hear from refugees that have been welcomed to Poland who we...

Understanding Your FEMA Letter | site |







Information contained in Federal Emergency Management Agency (FEMA) press release dated: August 8, 2022

More...

Additional Disaster Funding Approved for Kentucky Flooding Recovery | site |








More...

U.S. Internal Revenue Service says Truckers Need to File by August 31 deadline, E-file Encouraged

| site |





Information contained in U.S. Internal Revenue Service (IRS) press release dated: August 8, 2022



Washington - - The Internal Revenue Service

More...

Centers for Medicare and Medicaid Services Offers Roadmap for States to Help Connect Children with Complex Medical Conditions to Critical Medicaid Services | site |


More...

U.S. Environmental Protection Agency Announces Initial Availability of $11 Million for Technical Assistance Centers to Support Underserved Communities | site |

More...

Biden Administration Launches USDA-EPA Partnership to Provide Wastewater Sanitation to Underserved Communities | site |




More...

Federal Communications Commission Establishes Affordable Connectivity Outreach Grant Program | site |

Federal Trade Commission Takes Action to Stop Payment Processor First American from allegedly Trapping Small Businesses with Surprise Exit Fees and Zombie Charges | site |

U.S. Treasury Sanctions allegedly Notorious Virtual Currency Mixer Tornado Cash | site |










More...

Clay, Martin, Perry Counties Eligible for Additional FEMA Public Assistance | site |









Information contained

More...

Disaster Recovery Center Opens in Clay County | site |







Information contained in Federal Emergency Management Agency (FEMA) press release dated: August 6, 2022

More...

Two More Mobile Registration Centers Open in Breathitt, Owsley Counties | site |








More...

Disaster Recovery Center Opens in Knott County | site |







Information contained

More...

Floyd, Knott, Owsley, Pike Counties Eligible for Additional FEMA Public Assistance | site |

Statement on the Swearing-In of Samuel Bagenstos as General Counsel at the U.S. Department of Health and Human Services | site |







More...

U.S. Food and Drug Administration Approves First Targeted Therapy for HER2-Low Breast Cancer | site |





Information contained in U.S. Food and Drug Administration (FDA)

More...

U.S. Food and Drug Administration Infant Formula Update: August 5, 2022 | site |





Information

More...

Homeland Security says Four Guatemalan Nationals Indicted by Joint Task Force Alpha and Arrested as Part of Takedown of Deadly Human Smuggling Network Based in Guatemala | site |




More...

Countering Weapons of Mass Destruction Office Acting Assistant Secretary Gary Rasicot’s Visit to Atlanta | site |







Information contained in U.S. Department of Homeland Security (DHS) press release dated: August

More...

Federal Communications Commission Creates "Your Home, Your Internet" Pilot to Raise Awareness of Affordable Connectivity Program for Households receiving Federal Housing Assistance | site |






More...