Bank Holiday

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Related to Spring Bank Holiday Monday: August Bank Holiday

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 ?
Kenny Johnson, who had his first success since breaking an arm at Cartmel on Spring Bank Holiday Monday
This follows the success of the Spring Bank Holiday Monday and Tuesday trains, which enabled passengers to travel from Pickering to Whitby by train, giving up to four hours in the resort.
Conservative Mr Michael Fabricant will give up his usual seat in an open-topped car to join the Lichfield Morrismen as they dance a route of almost three miles in the Spring Bank Holiday Monday Bower parade.
Also, Ricky appeared on DJ Jo Whiley's BBC Radio 1 show on Spring Bank Holiday Monday.
People taking part in the event, which is believed to date back to medieval times, will have to agree to a list of conditions laid down by the district council for the Spring Bank Holiday Monday event, which attracts families from all over the Midlands.
The match against Mansfield at the Millennium Stadium in Cardiff on Spring Bank Holiday Monday could see the Terriers go up just year after the club's future looked uncertain with losses of over pounds 20 million.
Now the cheese-rolling committee say they have made proper safety provisions for this year's event on Spring Bank Holiday Monday.