Bank Holiday

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Bank Holiday

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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

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No references found			A moonlight walk on a Bank Holiday, a little maudlin sentiment, and over you throw all your chances in life. A Millionaire of Yesterday by Oppenheim, E. Phillips View in context Encouraged by the practical outcome of Bert's negotiations with his brother, and by the fact that half the hiring-stock was out from Saturday to Monday, they decided to ignore the residuum of hiring-trade on Sunday and devote that day to much-needed relaxation and refreshment--to have, in fact, an unstinted good time, a beano on Whit Sunday and return invigorated to grapple with their difficulties and the Bank Holiday repairs on the Monday. The War in the Air by Wells, H.G. View in context On either Easter Day or Bank Holiday, had I failed him, it had been his intention to make the best escape he could. A Thief in the Night by Hornung, E. W. View in context			Banionis, Donatas Banionis, Donatas Iuozovich Banishment banister Banja Luka Banjarese Banjarmasin Banjermasin Banjo Banjoewangi Banjul Banjuwangi Bank bank barn Bank Credit bank cubic yard bank cushion bank deposit bank depository Bank for Foreign Trade of the USSR Bank for International Settlements BIS Bank for Northern Europe bank gravel Bank Handlowy bank height Bank Holiday bank holidays bank house bank indicator Bank Loan bank material bank measure bank meters Bank Notes Bank of Afghanistan Bank of America Bank of Brazil Bank of Brussels Bank of Canada Bank of England Bank of Finland Bank of France Bank of Italy Bank of Japan Bank of Montreal Bank of Naples Bank of Paris and the Netherlands Bank of Rome Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel Bank of the United States Bank of Tokyo			Bank Fund Abstraction Bank Fund Abstraction Bank Fund Staff Federal Credit Union Bank für Arbeit und Wirtschaft Bank Für Gemeinwirtschaft Bank für Internationalen Zahlungsausgleich Bank für Landwirtschaft und Nahrungsgueterwirtschaft bank giro bank giro bank giro Bank giro credit Bank giro credit Bank Gospodarki Zywnoœciowej SA Bank Grade bank gravel bank gravel Bank Guarantee Bank Guarantee Bank Guarantees bank guard Bank Handlowy Bank Handlowy w Warszawie SA bank height Bank holding companies Bank holding companies bank holding company bank holding company bank holding company Bank Holding Company Act of 1957 Bank Holding Company Performance Report Bank Holiday Bank Holiday Monday Bank Holiday Monday Bank Holiday Monday Bank holiday weekend Bank holidays Bank holidays Bank holidays bank house Bank House Investment Management bank identification number bank identification number bank identification number bank identification number Bank Identification Numbers Bank Identification Numbers Bank Identifier Code Bank Im Herzen Bayerns Bank Index Number Bank Index Number bank indicator Bank Indonesia Bank Industri & Teknologi Malaysia Berhad Bank Industri Malaysia Berhad Bank Information Center Bank Inicjatyw Spoleczno-Ekonomicznych Bank Insurance Bank Insurance Fund Bank Insurance Fund Bank Insurance Funds Bank Insurance Market Research Group

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