Columbus Day, also known as Indigenous Peoples Day, is celebrated this year on Monday, October 11, 2021. Since it is a national holiday, you might be wondering if the banks and the stock exchange will be open. or closed in the United States today. . President Joe Biden issued a proclamation declaring that today will also be celebrated as Indigenous Peoples Day, AP News reported. However, this does not affect what is open or closed today.
Most banks will be closed today
According to the Federal Reserve, Columbus Day is one of the main holidays their banks are closed to give employees a day off, according to its website. However, this does not necessarily mean that all banks will be closed as well.
He notes that the Federal Reserve System observes Columbus Day (October 11) and also observes New Years Day, Martin Luther King, Jr.’s birthday, Washington’s birthday, Memorial Day, Juneteenth National Independence Day , Independence Day, Labor Day, Veterans Day, Thanksgiving Day and Christmas Day.
The American National Bank’s 2021 calendar indicates that even though the Federal Reserve is closed on October 11, the US National Bank itself will remain open on Columbus Day.
Go Banking Rates reported that Columbus Day is a public holiday for “most banks”, although TD Bank is also an exception and will be open today.
But most banks will close, including Chase Bank. Go Banking Rates also noted that banks that will be closed today include Amarillo National Bank, Ameris Bank, Bank of America, Bank of the West, BB&T, Eastern Bank, First Citizens Bank, First Horizon Bank, HSBC, KeyBank, M&T Bank, PNC Bank, Regions, Santander Bank, SunTrust, Synovus, Union Bank, USAA and Wells Fargo. The American bank, however, will have more of its closed locations, but some branches may still be open.
While most banks will be closed today, there are a few exceptions. If you are unsure, call your local bank to find out.
The exchange will be open on Columbus Day
While the stock market (including the NYSE and the Nasdaq) is generally closed for most major holidays, it is open for Columbus Day on Monday, October 11, 2021.
According to the public holiday calendar observed by the Nasdaq, the holidays that the Nasdaq is closed include New Years Day, Martin Luther King, Jr. Day, President’s Day, Memorial Day, Good Friday, Independence Day, Labor Day, Thanksgiving (with an early closure on November 26), and Christmas (observed on December 24.)
The New York Stock Exchange observes most public holidays in the United States. The statutory holidays the NYSE is closed are New Years Day, Martin Luther King, Jr. Day, Washington Birthday, Good Friday, Memorial Day, Labor Day, Independence Day, Thanksgiving (each market closes early at 1 p.m. on Friday, November 26), and Christmas (where the holiday is observed on Friday, December 24 since the actual holiday falls on a Saturday.)
If you buy or sell Bitcoin or other cryptocurrencies, these are done online and are not part of the stock market. So the buying and selling for these will continue as usual today and all other holidays. Cryptocurrencies can be bought or sold at any time of the day or night, and are not interrupted to observe holidays like the stock market does.
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