On February 22nd, the Treasury Department issued a general license to authorize additional U.S. economic activity in Burma. The general license, issued by the Office of Foreign Assets Control allows individuals, companies, and financial institutions to conduct most transactions, including opening and maintaining accounts and conducting a range of other financial services, with four of Burma's major financial entities: Myanma Economic Bank, Myanma Investment and Commercial Bank, Asia Green Development Bank, and Ayeyarwady Bank. Treasury Department Press Release.