Public Holidays In The United States - Bank Holidays Usa 2014

- Maret 31, 2015

Public holidays in the United States of America are not mandated by any government, agencies, whether it be federal, state, or local governments. There are no national holidays on which all businesses are closed by law. Federal holidays are only established for certain federally chartered and regulated businesses (such as federal banks), and for Washington, D.C.. All other public holidays are created by the States; most states also allow local jurisdictions (cities, villages, etc.) to establish their own local holidays. As a result, holidays have not historically been governed at the federal level and federal law does not govern business opening. Some states restrict some business activities on some holidays.

As of 2012, there are eleven federal holidays in the United States, ten annual holidays and one quadrennial holiday (Inauguration Day). Pursuant to the Uniform Monday Holiday Act of 1968 (effective 1971), official holidays are observed on a Monday, except for New Year's Day, Independence Day, Veterans Day, Thanksgiving, and Christmas.

While all current federal holidays have also been made public holidays in all 50 states for federal organizations, each state is not bound to observe the holidays on the same dates as the federal holidays. Many states also have additional holidays that are not observed by the U.S. federal government. Many businesses likewise observe certain holidays as well, which are also not mandated by any government agency. A list of "recommended diversity holidays" recognizes many cultures that range from Christianity to Hinduism, as well as racial diversity where various ethnic holidays such as St. Patrick's Day and Diwali are celebrated by individuals in the workplace, as a matter of best practice. Today, the United States is the 85th most ethnically diverse in the world. While the popularity of each public holiday cannot easily be measured, the holiday with the highest greeting card sales is Christmas. Major retail establishments such as malls, shopping centers and most retail stores close only on Thanksgiving and Christmas and some on Easter Sunday as well, but remain open on all other holidays (early closing on Christmas Eve and New Year's Eve, and sometimes on other major holidays). Virtually all companies observe and close on the major holidays (New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas). Some non-retail business close on the day after Thanksgiving (Black Friday) while some (such as federal banks and post offices) are not allowed to close on the day after Thanksgiving. Some smaller businesses normally open on Sunday will close on Easter Sunday, if it is their experience they will have very few customers that day.

Russia Crisis May Lead To BANK RUN As Currency Drops 50% Against ...



Federal holidays

Federal holidays are designated by Congress in Title V of the United States Code (5 U.S.C. § 6103). A federal holiday is a day off for federal government employees. State governments generally observe federal holidays. Most private companies and certain other businesses, such as the United States Postal Service, observe some or all federal holidays as well.

If a holiday falls on a Saturday, the federal government celebrates it the preceding Friday; if a holiday falls on a Sunday the federal government celebrates it the following Monday. Most, but not all, states also observe a Sunday holiday on the following Monday. States may observe a Saturday holiday on the preceding Friday, on the following Monday, or not at all.

Private companies and other businesses are not required to follow either the federal government or state government holidays. In particular, banks that close on Saturdays do not observe a federal holiday when it falls on Saturday.

  • Federal Holidays Calendars from the U.S. Office of Personnel Management.

Abolished federal holidays

Victory Day

In 1975, the one notable holiday called Victory Day, also called "VJ Day" and "Victory over Japan Day" was abolished after being in place since 1948. According to this article and other sources, some claim the holiday to be racist and generally encourages hate against the Japanese Americans, and possibly other races from Asia. Also, the fact that an atomic bomb was used to end the war with Japan is seen as cause for its abolition. Today, only the U.S. state of Rhode Island still officially observes this holiday with public offices and schools being closed.

Fast Day

Fast Day was a holiday observed in some parts of the United States between 1670 and 1991.

"A day of public fasting and prayer," it was traditionally observed in the New England states. It had its origin in days of prayer and repentance proclaimed in the early days of the American colonies by Royal Governors, often before the spring planting (cf. Rogation Days). It was observed by church attendance, fasting, and abstinence from secular activities. The earliest known fast day was proclaimed in Boston on September 8, 1670.

Fast day had lost its significance as a religious holiday by the late 19th century. It was abolished by Massachusetts in 1894 (being replaced with Patriots' Day) and shortly thereafter by Maine, which also adopted Patriots' Day. It continued in New Hampshire until 1991, signifying only the opening of the summer tourist season; the April holiday was dropped and replaced with the January Civil Rights Day in 1991, and then in 1999, Martin Luther King, Jr. Day.

Proposed federal holidays

Additional holidays have been proposed. According to an article from CBS, federal holidays are generally "expensive" and they only allow federal workers to take the day off. As the U.S. federal government is a large employer, the holidays are expensive. If a holiday is controversial, opposition will generally cause bills that propose such holidays to die. Martin Luther King Jr.'s birthday, for example, was one that took much effort to pass. And once it did pass, it took more effort for all states to eventually recognize it.

The following list is an example of holidays that have been proposed and have reasons why they are not observed at the federal level today. Some of the holidays are observed at the state level.

Federal observances

The Congress has designated various United States federal observances--days, weeks, months, and other periods for the observance, commemoration, or recognition of events, individuals, or other topics. These observances do not have the status of holidays in that federal employees do not receive any days free from work for observances.




Trading holidays

Trading holidays of the New York Stock Exchange closely resembles those designated as federal holidays except for Columbus Day and Veterans Day. A total of nine days are designated, which includes Good Friday where trading is not done.

In addition, partial trading occurs on the day after Thanksgiving, the day before Independence Day, and Christmas Eve.

The official list is as follows:



Interesting Informations

Looking products related to this topic, find out at Amazon.com

Source of the article : here





EmoticonEmoticon

 

Start typing and press Enter to search