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 ?
Generally, a legal holiday is defined pursuant to legal holidays in the District of Columbia as set forth in D.C.
The court in Winkler reasoned that the third Monday should have been considered a legal holiday in the District of Columbia, but relied ultimately on the fact that the court was inaccessible to receive petitions on that day.
(C) if the period would end on a Saturday, Sunday, or legal holiday, the period continues to run until the same time on the next day that is not a Saturday, Sunday, or legal holiday.
In 1885, Arbor Day was named a legal holiday in Nebraska, and other states followed.
"Most also receive no sick pay, no pension and only the minimum legal holiday allowance," she added.
Later, Christmas became a legal holiday. Now over two centuries later, in order to be politically correct, all the elements of Christ including His name are now being removed from Saturnalia, under the guise that it is now unconstitutional, despite the fact that at the adoption of the U.S.
Christmas is not a Chinese legal holiday. But merchants expect it to keep growing in years to come.
During this four-year legal holiday, Iraq and its creditors are expected to negotiate a restructuring of the country's $400bn debt.
In addition, VFW launched a campaign to have the states declare Veterans Day a legal holiday, as well as urging governors to proclaim November 11-18 as "Veterans Week." In 1938, the 20th anniversary of the Armistice, at least 20 states did set aside that week for a special observance.
Richard Ganulin, the Cincinnati attorney who sued to stop the federal government from observing Christmas as a legal holiday has petitioned the U.S.
But however sumptuous, Thanksgiving in the early 19th century wasn't a legal holiday, was still held on different dates in different places, and was ignored altogether in much of the nation.

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