Monetary Brief News

Treasury sanctions Yemen bank over alleged ties with Houthis

The U.S. Department of the Treasury has announced new sanctions against Yemen Kuwait Bank for Trade and Investment Y.S.C, citing its financial support to Ansarallah, known as the Houthis.

Treasury Secretary Yellen urges Congress on U.S. debt limit actions

Secretary of the Treasury Janet L. Yellen has addressed a letter to Congressional leaders concerning the United States debt limit.

US sanctions actors undermining peace in Bosnia-Herzegovina

On January 8, 2025, the President of the United States issued Executive Order (E.O.) 14140, an amendment to E.O. 14033.

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.

Treasury issues updated guidance on domestic content bonus for clean energy credits

Today, the U.S. Department of the Treasury and the Internal Revenue Service released new guidance on the Inflation Reduction Act's domestic content bonus for Clean Electricity Production and Investment Tax Credits.

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's impact on finance: A review of trends from 2024

At the beginning of 2024, a publication titled “The road to useful quantum computing” reviewed advancements toward "logical qubits" from 2023.

Treasury targets Sudanese armed forces leader amid ongoing conflict

The United States Department of the Treasury has announced sanctions against Abdel Fattah Al-Burhan, leader of the Sudanese Armed Forces (SAF), under Executive Order 14098.

Treasury report highlights rising homeowners insurance costs amid climate challenges

The U.S. Department of the Treasury's Federal Insurance Office (FIO) has released a comprehensive report on homeowners insurance, highlighting rising costs and declining availability due to climate-related events.

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.

U.S. Treasury sanctions individuals and entities aiding North Korean weapon programs

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two individuals and four entities for generating illicit revenue for the Democratic People's Republic of Korea (DPRK).

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.