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 ?
Huddersfield MP Barry Sheerman believes May Day should stay as a bank holiday.
Bearing in mind British people enjoy fewer bank holidays than anywhere else in Europe, the Government might like to give it us as a welcome extra but it makes little sense moving a day's hols in May to a date so early in the calendar.
Under a national agreement, NHS staff working during a bank holiday are entitled to an enhancement in their pay ranging from double time to time plus 60% - but now we have many hospital trusts refusing to recognise that April 29 is a bank holiday.
Snub: Staff at the QE Hospital will not get a bank holiday for Kate and Wills' (inset) wedding.
Not all employees are automatically entitled to the additional bank holiday - in fact employees are not automatically entitled to paid leave on any bank holiday - but some employers choose to allow paid leave on bank holidays.
The Government has given the country an extra bank holiday but NHS trust chief executives on six-figure salaries are refusing to recognise the spirit of the occasion.
Unite regional industrial organiser Joe Clarke said: "We have been through the process and I have been in to two meetings to try to resolve this outstanding Bank Holiday payments issue.
However, on the Easter, May, Whitsun and August Mondays, bank holiday racing is not what it was.
Surveys suggest workers support the creation of a new bank holiday for a Monday in late October.
A spokesman for AA Roadwatch said Midland roads were also far busier over the Bank Holiday, especially around the NEC and with people heading to the coast.
MOVES to gain the power to make St David's Day a bank holiday in Wales have been blocked by the Welsh Secretary, the Welsh Government has claimed.
BANK HOLIDAY @LaurenAlice_95 Why do I have to be ill on the bank holiday weekend #arghhh @CharlotteMdy what a nice bank holiday weekend.