1. In the United States, the temporary closing of a bank in the event that its obligations exceed its resources.
2. In the United Kingdom and Ireland, a public holiday on which the banks are closed. A bank holiday is generally not a major holiday such as Christmas Day (although, the banks are indeed closed on these holidays), but instead a day that would otherwise be a non-holiday. For example, the first Monday in May is considered a bank holiday, and banks along with many other businesses close for the day.
Related information about Bank Holiday:
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With the benefit of hindsight, the nationwide Bank Holiday and the Emergency Banking Act of March, 1933, ended the bank runs that had plagued the Great ...
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Any business day during which commercial banks and savings & loans institutions are closed for business to the public, specifically at physical locations. These ...
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Federal Reserve Bank Holiday Schedules.
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Date, Holiday. Monday, January 2, New Year's Day (Observed). Monday, January 16, Dr. Martin Luther King, Jr. Day. Monday, February 20, Presidents' Day ...
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After a month-long run on American banks, Franklin Delano Roosevelt proclaimed a Bank Holiday, beginning March 6, 1933, that shut down the banking system.
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Two days after taking the oath of office, Roosevelt declared a "bank holiday." From March 6 to March 10, banking transactions were suspended across the nation ...
- Bank Holidays - Federal Reserve Bank of Chicago
... Federal Reserve System. Holiday, 2012, 2013, 2014, 2015.