Economics

Vital Fed Payment System Experiences Second Delay of 2019

ACH is national network processing payrolls and other payments
ACH disruption is second 2019 outage of a Fed payments service

The U.S. Federal Reserve building stands in Washington D.C.Photographer: Brendan Smialowski/Bloomberg

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By Christopher Condon, Craig Torres, and Bradley Davis

December 19, 2019 at 3:04 PM UTC

Updated on

December 19, 2019 at 9:01 PM UTC

This article is for subscribers only.

The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank.

Certain bank transactions were delayed after ACH -- which stands for the automated clearinghouse system -- experienced delays, but it is now up and running.