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Fed Outage Raises Questions on Wall Street as Services Restored

Fed Outage Raises Questions on Wall Street as Services Restored
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Fed Restores Some Services Following Payment System Outages

Federal Reserve services experience widespread outage

Print this article 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.

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