Juneteenth freedom day

Can a financial Institution remain open on the Juneteenth holiday in 2022 and going forward, even if the Federal Reserve is closed?


Answer: Yes, financial institutions can decide to remain open on Juneteenth, the newest federal holiday. Many financial institutions remain open on other Federal holidays, such as Veteran’s Day, Martin Luther King Jr. Day, etc. to conduct business. Even though the institution may decide to remain open on Federal holidays, keep in mind that the business day definition for Regulation Z applies. 


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