Federal Reserve Holiday Schedule: A Comprehensive Guide
As we navigate the complexities of personal finance, economic trends, and banking operations, it’s essential to stay informed about the holidays observed by the Federal Reserve System. These holidays can impact bank hours, transaction processing, and even benefit payments. In this article, we’ll delve into the standard holiday schedule for the Federal Reserve System, providing you with a detailed overview of the dates, days, and implications for your financial planning.
2024 Federal Reserve Holiday Schedule
The following table outlines the Federal Reserve holiday schedule:
| Date | Day of Week | Holiday Name |
|---|---|---|
| January 1 | Wednesday | New Year’s Day |
| January 20 | Monday | Birthday of Martin Luther King, Jr. / Inauguration Day (every fourth year after 1965) |
| February 17 | Monday | Washington’s Birthday (aka Presidents’ Day) |
| May 26 | Monday | Memorial Day |
| June 19 | Thursday | Juneteenth National Independence Day |
| July 4 | Friday | Independence Day |
| September 1 | Monday | Labor Day |
| October 13 | Monday | Columbus Day |
| November 11 | Tuesday | Veterans Day |
| November 27 | Thursday | Thanksgiving Day |
| December 25 | Thursday | Christmas Day |
Key Considerations and Implications
- If a bank holiday falls on a weekend, a substitute weekday becomes a bank holiday, typically the following Monday.
- Employers are not required to provide paid leave on bank or public holidays.
- Bank holidays may affect the timing of benefit payments and other financial transactions.
Federal Reserve Holiday Schedule Through 2028
The Federal Reserve System observes the above holiday schedule through 2028. Please note that this information is subject to change, and it’s essential to confirm with your bank before initiating any transactions.
Additional Resources
For more information on the Federal Reserve System, including economic research, educational resources, and community outreach programs, visit the official website of the Federal Reserve Bank of St. Louis or explore the FedGlobal Gateway Operator Holiday Schedules.
Important Disclaimers
- The information provided is for general guidance only and should not be considered as investment advice.
- Please confirm holiday schedules with your bank before conducting any transactions.
- Data used on this website is sourced from reputable sources, including fededirectory.frb.org and fdic.gov.
By understanding the Federal Reserve holiday schedule, you can better plan your financial activities, avoid potential disruptions, and make informed decisions about your economic well-being. Stay ahead of the curve with our comprehensive guide to the Federal Reserve holiday schedule, and explore the wealth of resources available from the Federal Reserve System.