WSJ: Federal Reserve's Bank Monitoring Database Experienced an Outage of Over 24 Hours Last Month

BlockBeats news, September 15, according to The Wall Street Journal, people familiar with the matter said that a database used by the Federal Reserve to monitor banks malfunctioned last month, lasting more than a day. The malfunction involved the Federal Reserve's National Information Center, a system used to provide bank-related data to regulators.

It is reported that the National Information Center database experienced a malfunction of more than 24 hours around August 5. Senator Elizabeth Warren said in a letter that the database malfunction raised concerns that Federal Reserve staffing cuts could affect system maintenance and bank supervision work.