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Fed Outage Raises Questions on Wall Street as Services Restored
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Federal Reserve Reports Several Business Lines Disrupted by Operational Error — Update
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The Federal Reserve Bank experienced widespread outages for most of its services Wednesday, including those used for fund transfers, in what the central bank called an operational error.
The Federal Reserve Bank notified users on its website shortly after 1 p.m. it was investigating a disturbance in multiple services. A Federal Reserve operational error resulted in disruption of service in several business lines, Federal Reserve Bank of Richmond s Jim Strader told the
Washington Examiner. We are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations.
Shortly after 2 p.m., the central bank s website said that services had been restored to some services and that to accommodate those who had been impacted by the disruptions, it was extending the cash order deadline for FedCash Services to 3:30 p.m.
Fed investigating outage in interbank payment system
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