December 6, 2024

Legal Bank Holidays: 2025 Schedule

Vol. XLI, No. 12

This issue serves as a reference to the Holiday Schedule for 2025 listed by legal definition and the dates upon which such holidays will fall.

Official holidays for state-chartered banks are governed by state law; Neb.Rev.Stat. § 62-301. If any holiday date falls on Sunday, the following Monday shall be a holiday. If the date designated by the State for the observance of any holiday, except Veterans Day, is different from the date of observance of any such holiday pursuant to a federal holiday schedule, the federal holiday schedule will be observed. A bank may, at its own option, be open or closed on an official holiday provided that reasonable notice is given to the public in accordance with state statute. A holiday observance becomes important in determining liability under the UCC midnight deadline rule and must be considered carefully when planning to close on a Friday or Monday in lieu of a regularly scheduled holiday which might fall on Saturday or Sunday.

​12 U.S.C. § 95(b)(1) addresses the applicability of state banking holidays to national banks as follows:

• ​In the event of natural calamity, riot, insurrection, war or other emergency conditions occurring in any state whether caused by acts of nature or of man, the Comptroller of the Currency may designate by proclamation any day a legal holiday for the national banking associations located in that State. In the event that the emergency conditions affect only part of a State, the Comptroller of the Currency may designate the part so affected and may proclaim a legal holiday for the national banking associations located in that affected part. In the event a State or a State official authorized by law designates any day as a legal holiday for ceremonial or emergency reasons, for the state or any part thereof, that same day shall be a legal holiday for all national banking associations, or their offices located in that State or the part so affected. A national banking association or its affected offices may close or remain open on such a state-designated holiday unless the Comptroller of the Currency by written order directs otherwise.

National banks may, in their discretion, either close or remain open on such a state-designated holiday unless the Comptroller of the Currency by written order directs otherwise.  (Source:  12 U.S.C. § 7.3000)
 
A more detailed article, sample notice and pertinent statutory provisions may be found in the NBA Compliance Handbook:  Volume I:  Governance section titled “Bank Holidays.”​

Official Federal Reserve System and State Holidays (2025)
Legal Definition - Date Observed
New Year's Day (January 1) - Wednesday, January 1
Martin Luther King's Birthday (3rd Monday in January) - Monday, January 20
Presidents' Day (3rd Monday in February) - Monday, February 17
Arbor Day (Last Friday in April) - Friday, April 25*
Memorial Day (Last Monday in May) - Monday, May 26
Juneteenth National Independence Day - Thursday, June 19
Independence Day (July 4) - Friday, July 4
Labor Day (1st Monday in September) - Monday, September 1
Columbus Day/Indigenous People's Day (2nd Monday in October) - Monday, October 13
Veterans Day (November 11) - Tuesday, November 11
Thanksgiving Day (4th Thursday in November) - Thursday, November 27
Day after Thanksgiving - Friday, November 28*
Christmas Day (December 25) - Thursday, December 25

*Although an official state holiday, the Federal Reserve Banks are open on Arbor Day and on the day after Thanksgiving.

NOTE: The Federal Reserve standard holiday schedule provides that if a holiday falls on a Sunday, the following Monday is observed as a holiday. For holidays falling on a Saturday, the preceding Friday is not observed as a holiday.

For future planning, an extended list of bank holiday schedules for 2025-2026 is found below:
Key: Holiday - 2026 | 2027

• New Year's Day - January 1, 2026 | January 1, 2027
• Martin Luther King's Birthday - January 19, 2026 | January 18, 2027
• President's Day - February 16, 2026 | February 15, 2027
• Arbor Day - April 24, 2026 | April 30, 2027
• Memorial Day - May 25, 2026 | May 31, 2027
• Juneteenth National Independence Day - June 19, 2026 | June 19, 2027
• Independence Day - July 4, 2026 | July 4, 2027
• Labor Day - September 7, 2026 | September 6, 2027
• Columbus Day/Indigenous People's Day - October 12, 2026 | October 11, 2027
• Veterans Day - November 11, 2026 | November 11, 2027
• Thanksgiving Day - November 26, 2026 | November 25, 2027
• Day After Thanksgiving - November 27, 2026 | November 26, 2027
• Christmas Day - December 25, 2026 | December 25, 2027

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The foregoing Compliance Update is for informational purposes only and does not constitute legal advice. As a reminder, the NBA general counsel is the attorney for the Nebraska Bankers Association, not its member banks. The general counsel is available to assist members with finding resources to help answer their questions.  However, for specific legal advice about specific situations, members must consult and retain their own attorney.