Monetary Brief News

Alternative Investment Management Association report: U.S. crypto hedge funds face barriers to banking services

The Alternative Investment Management Association (AIMA) has released a report titled "The Debanking Dilemma," which highlights significant challenges faced by crypto hedge fund firms in accessing banking services.

NCUA releases research note on overdraft and NSF fees at credit unions

The National Credit Union Administration (NCUA) has released a Research Note analyzing overdraft and non-sufficient funds (NSF) fees at credit unions.

Carlyle to release Q4 and full-year financial results on February 11

The Carlyle Group Inc. has announced that it will release its financial results for the fourth quarter and full-year 2024 on February 11, 2025.

Cleveland Fed's Edward Knotek to present 2025 economic outlook

The Federal Reserve Bank of Cleveland is set to host an online webinar on January 16, 2025, focusing on the economic outlook for the year.

Quantum computing impacts financial sector with new trends in 2024

In early 2024, the publication "The road to useful quantum computing" highlighted advancements towards logical qubits and suggested that it was an opportune time to focus on this technology.

Economic activity rises slightly; air travel strong; cautious optimism prevails

The Beige Book, published eight times a year by the Federal Reserve Bank, offers insights into economic conditions across various districts.

NCUA Board approves annual performance plan to guide future operations

The National Credit Union Administration (NCUA) Board conducted its first open meeting of the year on January 16, 2025, where it unanimously approved the agency's 2025 Annual Performance Plan.

Treasury releases list for clean electricity tax credit eligibility

Today, the U.S. Department of the Treasury announced the release of its first Annual Table listing greenhouse gas emissions rates for facilities eligible for Clean Electricity Production and Investment Tax Credits.

Fifth District economy shows modest growth amid challenges

The Federal Reserve has released its latest report on the Fifth District economy, indicating modest growth since the previous assessment.

Treasury recovers $31M in improper payments using SSA death data

The U.S. Department of the Treasury has announced the prevention and recovery of over $31 million in fraudulent and improper payments through a five-month pilot program using the Social Security Administration’s (SSA) Full Death Master File.

Cleveland Fed report suggests potential rise in US productivity growth

The Federal Reserve Bank of Cleveland has released a report suggesting that US productivity may be on a higher growth trajectory than previously estimated.

Cleveland Fed reports mixed post-pandemic job recovery across its served metro areas

The Cleveland Federal Reserve Bank has released a report indicating that employment levels have returned to pre-pandemic figures in half of the metro areas it serves.

Cleveland Fed appoints Brian Richardson as new HR leader

The Federal Reserve Bank of Cleveland has appointed Brian Richardson as its new senior vice president and chief human resources officer, effective January 13, 2025.

Treasury report highlights U.S. economic recovery under Biden administration

The U.S. Department of the Treasury's Office of Economic Policy has released an analysis that underscores the significant recovery of the United States economy from the pandemic recession.

Financial regulators address impact of California wildfires on banks

On January 14, 2025, several financial regulatory agencies issued a statement addressing the impact of the California wildfires and straight-line winds on financial institutions.

Federal Reserve Bank announces new appointments to Los Angeles Branch Board

The Federal Reserve Bank of San Francisco has announced new appointments and a reappointment to its Los Angeles Branch Board of Directors, effective January 1, 2025.

Inflation outlook mixed as job turnover concerns ease: NY Fed survey

The Federal Reserve Bank of New York's Center for Microeconomic Data has published the December 2024 Survey of Consumer Expectations.

Philadelphia Fed announces board changes including new deputy chair

The Federal Reserve Bank of Philadelphia has announced the appointment of new members to its Board of Directors, along with a new deputy chair.

Federal Reserve Bank announces new leadership for Salt Lake City Branch

The Federal Reserve Bank of San Francisco has announced the latest appointments to its Salt Lake City Branch Board of Directors.

Richmond Fed announces director appointments for 2025

The Federal Reserve Bank of Richmond has announced new director appointments for 2025.