The Fed’s system that allows banks to send money back and forth is down

The #1 community for Gun Owners in Indiana

Member Benefits:

  • Fewer Ads!
  • Discuss all aspects of firearm ownership
  • Discuss anti-gun legislation
  • Buy, sell, and trade in the classified section
  • Chat with Local gun shops, ranges, trainers & other businesses
  • Discover free outdoor shooting areas
  • View up to date on firearm-related events
  • Share photos & video with other members
  • ...and so much more!
  • OakRiver

    Grandmaster
    Rating - 0%
    0   0   0
    Aug 12, 2014
    15,013
    77
    IN



    The Federal Reserve’s system that allows financial institutions to send money back and forth electronically went down Wednesday morning.

    The “operational error,” as the Fed described it, impacted multiple services, including its pivotal automated clearinghouse system, which connects depository and related institutions send electronic credit and debt transfers.

    There were no initial indications that foul play was suspected.
    . . .
    The list of services impacted: Account Services, Central Bank, Check 21, Check Adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities, National Settlement.
     

    ashby koss

    Shooter
    Rating - 100%
    18   0   0
    Jan 24, 2013
    1,168
    48
    Connersville
    This is why I make sure to keep some greenback stashed. And why I save my stuff out of the cloud local, and why I don’t wear a smart watch, etc...

    failure shapes a man, far better than success.
     
    Top Bottom