Fed’s bank transactions system suffers outage

(Bloomberg) — The Federal Reserve began restoring some services Wednesday afternoon following widespread outages across several key payment systems operated by the U.S. central bank. “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” In a posting on its website at 2:46 p.m. the Fed said it was taking steps to ensure the resilience of its services but urged customers to double check that any messages they had sent or received had been reconciled. ©2021 Bloomberg L.P. Nick Note: The system is under stress…. This might be a sign of bigger problems.. I am on it!