By Paul Kiernan 

The Federal Reserve said Wednesday that an "operational error" disrupted services in several of its business lines, including the electronic settlement system used by banks, businesses and government agencies.

"A Federal Reserve operational error resulted in disruption of service in several business lines. We are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations," said Jim Strader, a spokesman for the Fed's Richmond reserve bank, said in an emailed statement.

More to follow

Write to Paul Kiernan at paul.kiernan@wsj.com

(END) Dow Jones Newswires

February 24, 2021 14:43 ET (19:43 GMT)