Bank Holiday

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Bank Holiday

Various
In England there are typically six "bank holidays"—weekdays when the banks are closed for business: New Year's Day, Good Friday, Easter Monday, Early May Bank Holidays, Spring Bank Holiday (in late May), August (or Summer) Bank Holiday, Christmas, and Boxing Day. These official public holidays were established by law in 1871 and are traditionally spent at local fairgrounds.
In the United States, the Great Depression of 1929 had caused many people to withdraw their savings, and the banks had trouble meeting the demand. In February 1933 the Detroit banks failed and this caused a country-wide panic. President Franklin D. Roosevelt proclaimed his first full day in office (March 6, 1933) a national "Bank Holiday" to help save the country's banking system. The "holiday" actually lasted 10 days, during which "scrip" (paper currency in denominations of less than a dollar) temporarily replaced real money in many American households.
SOURCES:
AnnivHol-2000, pp. 91, 146
DictDays-1988, pp. 6, 8
References in periodicals archive ?
Things improved for last year's August bank holiday though - after a rainy and thundery Saturday the weather brightened up for the Sunday and Monday, while the temperature that weekend was a bit warmer than the rest of the month.
6 million British holidaymakers have taken an overnight holiday trip in the UK during the ongoing August Bank Holiday weekend, with around 2.
STRIKE-THREATENED British Airways have stopped taking bookings for flights over the August Bank Holiday weekend.
She made her debut as the cynical divorcee detective Adela Bradley on August Bank Holiday.
THE August Bank Holiday Weekend is almost upon us - with the usual warning of traffic chaos as Brummies head off in search of sun and fun.
BIFFY CLYRO They played three of the biggest shows of their career over the August Bank Holiday weekend at Reading, Leeds and Glasgow - and now they're getting ready for a major UK and Ireland arena tour this November.
MORE THAN 70,000 PASSENGERS SET TO PASS THROUGH JLA OVER BANK HOLIDAY BREAK LIVERPOOL John Lennon Airport is bracing itself for what could be its busiest weekend of the year, as the August Bank Holiday getaway begins tomorrow.
Over 370 miles of roadworks will be lifted or completed on motorways and major A roads to help families have smoother journeys over the August bank holiday.
A HEATWAVE with scorching 30degC temperatures could last until August bank holiday weekend, according to forecasters.
During the August Bank Holiday weekend, you can listen to the carnival sounds of Bloco Sw n samba band.
NEWCASTLE has been named as one of the best value cities for a cheap August Bank Holiday getaway.