Thursday 25 February 2021

The Federal Reserve had an outage

 U.S. FEDERAL RESERVE OUTAGE (NOW FIXED) SHUT DOWN **ALL** MONEY TRANSFERS

At about 2:00 PM eastern US time, the Federal Reserve Bank shut down ALL Money transfers within, into and out of the USA.

UPDATE 2:57 PM EST --

All FRB Services are currently offline including ACH and FedWire...

UPDATE 3:24 PM EST -- 

FRBservices.org reported that after a roughly hour-long outage, the Fed's central bank services and FedCash were back to normal operations. 

“A Federal Reserve operational error resulted in disruption of service in several business lines,” Jim Strader, a spokesman for the Richmond Fed, said in an e-mailed statement. “We are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations.”

Additionally, the Fed said “We are in process of restarting the Fedwire Services and National Settlement Service and expect to resume normal processing this afternoon.” 

Money transfers are back online.


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