News published on Monetary Brief in June 2025

News from June 2025

Regulatory agencies release 2025 CRA credit-eligible geographic areas

Federal bank regulatory agencies have published the 2025 list of distressed or underserved nonmetropolitan middle-income geographies.

Federal Reserve Bank of Cleveland hosts Policy Summit on community building

The Federal Reserve Bank of Cleveland, in collaboration with several other Federal Reserve Banks, is hosting the seventeenth Policy Summit on June 26-27, 2025.

IBM deploys first Quantum System Two outside U.S., collaborates with RIKEN

IBM and RIKEN have announced the deployment of the first IBM Quantum System Two outside the United States, marking a significant milestone in quantum computing.

Federal Reserve official discusses economic outlook amid trade tensions

The Federal Reserve System's structure and its responsibilities were discussed in a recent speech, highlighting its role in supporting the US economy and financial system.

Cleveland Fed president discusses monetary policy at forum

President Hammack addressed a monetary policy forum on June 24, 2025.

Federal Reserve updates bank supervision by removing reputational risk

The Federal Reserve Board announced on Monday that reputational risk will no longer be part of examination programs in its supervision of banks.

Diversified Energy partners with Carlyle for $2B investment in US energy assets

Diversified Energy Company PLC and Carlyle have announced a strategic partnership to invest up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the United States.

Tom Barkin to address New York Association for Business Economics

Richmond Federal Reserve President Tom Barkin is set to deliver a speech to the New York Association for Business Economics on June 26, 2025.

Berkeley professor advocates for earthen architecture using modern technology

In a recent 101 in 101 video, Ronald Rael, a professor of architecture and art department chair at Berkeley, discussed the potential of earthen architecture for future construction.

Treasury announces key senior appointments including counselor to secretary

Secretary of the Treasury Scott Bessent has announced new appointments for senior roles at the U.S. Department of the Treasury.

U.S. Treasury sanctions entities linked to Iran's defense procurement

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against one individual, eight entities, and one vessel for their involvement in procuring sensitive machinery for Iran’s defense industry.

U.S. Treasury imposes largest sanctions against Iran-backed Houthi network

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced its largest action to date against Ansarallah, also known as the Houthis, a group backed by Iran.

Supreme Court upholds Tennessee ban on gender-affirming medicines for trans minors

The U.S. Supreme Court has upheld a Tennessee law that bans doctors and families from providing gender-affirming medicines to transgender minors, marking a significant development in the ongoing debate over transgender rights in the United States.

IBM unveils unified software for agentic governance and security

IBM has announced the introduction of a pioneering software designed to unify AI security and governance, marking a significant step in enterprise risk management.

Study finds civil rights framing reduces support for modern social movements

Millions recently gathered in protest against President Donald Trump, highlighting his administration's policies affecting immigrants, LGBTQ individuals, and other vulnerable groups.

Treasury outlines guiding principles for Bank Secrecy Act modernization

Deputy Secretary of the Treasury Michael Faulkender addressed the 62nd Bank Secrecy Act Advisory Group (BSAAG) plenary meeting organized by the Financial Crimes Enforcement Network (FinCEN) in Washington.

UC Berkeley tops U.S. News list as nation's leading public university

UC Berkeley has been named the top public university in the United States and ranks sixth globally, according to the latest U.S. News & World Report rankings.

Treasury releases annual reports on social security and medicare trustees

Following a meeting of the Social Security and Medicare Boards of Trustees, the U.S. Department of the Treasury released the annual Social Security and Medicare Trustees Reports.

U.S. sanctions five leaders of violent Mexican cartel under counterterrorism authorities

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned five leaders of the Cartel de Jalisco Nueva Generacion (CJNG), a violent cartel involved in trafficking fentanyl and other drugs into the United States.

Treasury backs new international payment norms amid efforts against illicit finance

On June 13, the Financial Action Task Force (FATF) concluded its joint plenary with MONEYVAL in Strasbourg, France.