{"id":107898,"date":"2021-02-24T20:41:54","date_gmt":"2021-02-24T20:41:54","guid":{"rendered":"https:\/\/fin2me.com\/?p=107898"},"modified":"2021-02-24T20:41:54","modified_gmt":"2021-02-24T20:41:54","slug":"fed-says-restoring-disrupted-fedwire-other-services","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/fed-says-restoring-disrupted-fedwire-other-services\/","title":{"rendered":"Fed says restoring disrupted Fedwire, other services"},"content":{"rendered":"<figcaption>FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS\/Chris Wattie<\/figcaption><p>(Reuters) &#8211; The Federal Reserve on Wednesday said it is restoring services disrupted by an \u201coperational error\u201d that resulted in outages for a dozen areas, including check clearing and Fedwire, which handles trillions dollars in transactions daily for the world\u2019s biggest banks.<\/p>\n<p>\u201cA Federal Reserve operational error resulted in disruption of service in several business lines,\u201d the Fed said in an emailed statement. \u201cWe are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations.\u201d<\/p>\n<p>The Fed first reported potential problems with the services at 12:43 p.m. EST (1743 GMT). As of 2:09 p.m. its website reported an \u201calert\u201d status for Fedwire, FedACH, and 11 other areas.<\/p>\n<p>The affected services form the hidden backbone to the U.S. banking system, facilitating check clearing and allowing billions of dollars of payments to flow daily through the financial system.<\/p>\n<p>Fedwire is \u201cthe premier electronic funds-transfer service that banks, businesses and government agencies rely on for mission-critical, same-day transactions,\u201d the Fed says.<\/p>\n<p>Fedwire Funds in December handled more than 835,000 transactions a day on average, with a daily average dollar volume of $3.4 trillion.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/usa-fed-fedwire\/update-2-fed-says-restoring-disrupted-fedwire-other-services-idUSL1N2KU2JU\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS\/Chris Wattie(Reuters) &#8211; The Federal Reserve on Wednesday said it [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":107897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fed says restoring disrupted Fedwire, other services - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/fed-says-restoring-disrupted-fedwire-other-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed says restoring disrupted Fedwire, other services - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. 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