Traditionally, U.S. banks and other financial institutions are closed on the ten federal holidays observed each year. While some leading factoring companies, such as Interstate Capital, may typically be open on selected holidays to better serve clients, the U.S. Federal Reserve will be closed and some transactions will be delayed by one business day.

2019 Bank Holidays

January 1, Tuesday New Year’s Day
January 21, Monday Martin Luther King, Jr., Day
February 18, Monday Presidents Day
May 27, Monday Memorial Day
July 4, Thursday Independence Day
September 2, Monday Labor Day
October 14, Monday Columbus Day
November 11, Monday Veterans Day
November 28, Thursday Thanksgiving Day
December 25, Wednesday Christmas Day

2020 Bank Holidays

January 1, Wednesday New Year’s Day
January 20, Monday Martin Luther King, Jr., Day
February 17, Monday Presidents Day
May 25, Monday Memorial Day
July 3, Friday Independence Day
September 7, Monday Labor Day
October 12, Monday Columbus Day
November 11, Wednesday Veterans Day
November 26, Thursday Thanksgiving Day
December 25, Friday Christmas Day

new years day

January: New Year’s Day

New Year’s Day is always a holiday that begins the night before on New Year’s Eve, traditionally a long night of revelry and fun before the clock hits midnight. Celebrating the end of the old year and the promise of the new, New Year’s Day is the world’s only international holiday. In the United States, it’s a day of relaxation, sleeping late, and football games.

martin luther king jr.

January: Martin Luther King, Jr., Day

Celebrating the birth and life of one of the greatest civil rights leaders in American history, Martin Luther King., Jr., Day (MLK Day) takes place on the third Monday in January. A Baptist minister with a passion for justice, Dr. King helped end segregation, a time when facilities were divided by race and people of color were discriminated in nearly every way of life, from housing to work opportunities. MLK Day focuses on the continuing need for equality among people, as guaranteed by the U.S. Constitution and its Amendments.

presidents dayFebruary: Presidents Day

Two of the greatest presidents in U.S. history, President George Washington and President Abraham Lincoln, were both born in February and President’s Day was created to remember their accomplishments. As our first president and the top general in our country’s Revolutionary War, Washington set the standards for a democracy with ethics and honor in the country’s highest office. As president during the divisive Civil War, a long conflict that ended up claiming the country’s highest number of war fatalities, Lincoln stands out as the leader who re-united the states and freed millions of slaves.

memorial dayMay: Memorial Day

Memorial Day is a more somber holiday, founded after the Civil War to honor those who died in the service of their country and to set aside time to visit loved ones’ graves in cemeteries. Always held on the last Monday in May, the day also marks the unofficial start of summer and is typically marked with outdoor activities, from picnics and parades to cookouts and campfires.

4th of JulyJuly: Independence Day

The most patriotic day in the United States, the Fourth of July marks the anniversary of the nation’s founding in 1776 when the country’s founders signed the Declaration of Independence that launched the colonies’ revolution against their British leaders.

labor day September: Labor Day

Labor Day, always the first Monday in September in the United States and Canada, honors the workers and the labor unions that protect them. Founded in 1894, the day also marks the traditional end of summer.

columbus dayOctober: Columbus Day

The second Monday in October marks Columbus Day, a relatively minor holiday that is not celebrated in all states but the Federal Reserve closes each year in honor of the early explorer Christopher Columbus. The first Columbus Day was held in 1892 to mark the 400th anniversary of Columbus and his three ships landing in the Bahamas and it became an official federal holiday in 1937.

veterans dayNovember: Veterans Day

This national holiday honors the military veterans who have served in the U.S. Army, Navy, Air Force, or Marines. The official date is November 11, recalling Armistice Day when World War I ended in Europe. However, the federal holiday takes place on the Monday closest to November 11.  While Memorial Day honors those who have died serving the United States, Veterans Day celebrates the service of all military personnel, both past and present.

thanksgivingNovember: Thanksgiving Day

Since 1863, when President Abraham Lincoln declared that the fourth Thursday in November would be a day of thanksgiving, this holiday has been an important day for families throughout the United States. The day looks back to 1621, when a group of early settlers from England celebrated their harvest with their Native American neighbors. The first Thanksgiving parade took place in New York City in 1924, and with the exception of a three-year hiatus during World War II, has continued ever since. Canadians celebrate a day of thanksgiving on the second Monday in October.

christmas dayDecember: Christmas Day

In the quiet of winter, Christmas Day marks the birth of Jesus Christ for Christians.  People all over the world give gifts to their loved ones during this holiday of generosity and peace among people. It is the one day in the year when U.S. businesses of all types – not just financial institutions – close their doors to enable their employees to enjoy time with families and friends.

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