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Federal Reserve s Money Transfer Services Suffer Outage

Federal Reserve s Money Transfer Services Suffer Outage
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Fed Restores Some Services Following Payment System Outages

For about four hours Wednesday, Federal Reserve systems that execute millions of financial transactions a day everything from payroll to tax refunds to interbank transfers were disrupted by what appeared to be some sort of internal glitch.

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The Fed s System That Allows Banks to Send Money Back and Forth Went Down for Several Hours

The outage impacted multiple Fed services, including its pivotal automated clearinghouse system.

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Fed restores some services after outage on operational error

The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline.

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Fed Reserve System That Allows Transfer of Money Between Financial Institutions Is Down

Fed Reserve System That Allows Transfer of Money Between Financial Institutions Is Down
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