Federal Reserve Faces Transaction Delays, Issues: Services Affected

The Federal Reserve was hit with transaction issues on Tuesday.

Newsweek reached out to the Federal Reserve for comment via email.

Federal Reserve Financial Services confirmed the transaction issues in an update on Tuesday.

“FedACH® Services is experiencing delays associated with internal systems processing. The FedACH Services application is currently offline while we work towards resolution. File distribution and settlement for the first same-day ACH window will be delayed. File distribution for the first ACH window for future dated items will also be delayed,” the alert reads.

The alert was issued at 11:35 a.m. ET on Tuesday.

It was unclear what caused the issues or when services would be restored to normal.

This is a breaking news article that will be updated when additional information becomes available.