Federal Reserve System that Lets Banks to Send Money Went Down for Several Hours

Posted on 02/24/2021


Described as an “operational error”, the Federal Reserve’s system that allows financial institutions to send money back and forth electronically went down for several hours Wednesday. The system appeared to be coming back online later in the afternoon. “Fedwire Funds Service, Fedwire Securities Service, and National Settlement Service have resumed processing and are operating normally,” […]

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