Hey guys, do you know if some banks in the US observe Good Friday as a bank holiday?
4 Likes
Good Friday is recognized as a holiday by NYSE/NASDAQ, so the markets are closed. However, banks following the Federal Reserve schedule remain open. Since it’s not directly related to securities, it doesn’t have an impact on them.
3 Likes
The stock market is closed, and while the Federal Reserve Board of Governors has a holiday, the Federal Reserve itself remains open. Most banks follow the Fed’s schedule, so they will be open.
2 Likes
Good Friday is not a federal holiday in the United States, so most banks remain open. However, certain bank branches may be closed in some states where Good Friday is recognized as a state holiday. These states include Connecticut, Delaware, Hawaii, Indiana, Kentucky, Louisiana, New Jersey, North Carolina, North Dakota, and Tennessee.
1 Like
Sure, some American banks observe Good Friday as a bank holiday, but not all of them do. Since it’s not a government holiday, states or banks are free to choose whether to close on that particular day. Good Friday is observed as a public holiday in some areas, such as Texas and New York, and some banks may decide to close or have shortened hours. Nonetheless, the majority of banks in the nation continue to operate, as do the financial exchanges. As regulations can differ by location, it’s usually a good idea to check with your particular bank or financial institution to confirm their hours on Good Friday.
Yes, many banks in the US observe Good Friday as a bank holiday, but it’s not universally practiced. It’s best to check with your specific bank to confirm their holiday schedule, as policies can vary between institutions.