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 ?
8 million British travellers who headed overseas for the August Bank Holiday weekend, from August 24 to 27, as reported by the Association of British Travel Agents (ABTA), a UK-based trade association.
Head of AA rescue Noel Keogh said: "The August Bank Holiday is one of the most hectic weekends for travel in the calendar year and based on previous years we'd expect somewhere in the region of 1,500 breakdown call-outs this coming weekend.
BAGGAGE handlers and other workers at a number of leading UK airports are being balloted for strike action over pay, raising the threat of disruption to flights over the August Bank Holiday.
ONE of the Midlands' most historic castles is to be ambushed on August Bank Holiday weekend.
THE Swinford Street Festival, Siamsa Straide, will be held in the Mayo town over the August Bank Holiday Weekend.
One trader said that they expected things to tail off a little following the August bank holiday, as usual.
The National Blood Service is calling for donors to keep stocks at optimum levels by donating blood before the August Bank Holiday.
THE August Bank Holiday weekend could be the hottest for 10 years with temperatures set to soar to 30C (86F), forecasters said yesterday.
lThe Epsom August Bank Holiday meeting moves to Kempton due to the hard ground.
THERE was indeed larking on the August Bank Holiday in 1914.
They were told they need not come back until after the August Bank Holiday.
ACCORDING to the Beverley Sisters calendar above my bed, next Monday is August Bank Holiday.