Are Banks Open or Closed for Juneteenth 2021?
Juneteenth was just declared a federal holiday on Thursday, June 17, and many people are wondering what businesses will be open or closed near them. Bank Hours Will Vary By Location, But Federal Reserve Financial Services Will Operate Normally  Some banks are planning to have more limited hours in honor of Juneteenth, while others are not going to make any changes until next year. Thats why its important to call your local bank to determine the branchs hours for Friday, June 18, and Saturday, June 19. The Federal Reserve does not currently have Juneteenth on its list of observed federal holidays, according to its website. The Federal Reserve tweeted that its Washington, D.C., offices would be closed on Friday, June 18, but the Federal Reserve Bank payments systems and financial services will operate normally. Federal gov. offices will be closed June 18, 2021, in observance of Juneteenth National Independence Day: https://t.co/iRoqED3zTn  Federal Reserve Bank payments systems will operate normally. See calendar note for updated schedule: https://t.co/iNVvtDeoBH  Federal Reserve (@federalreserve) June 17, 2021  The Federal Reserve noted on its website:  The Federal Reserve Boards offices in Washington, D.C., will be closed on Friday, June 18, 2021, in observance of Juneteenth National Independence Day. All previously scheduled announcements will be released today or postponed until Monday, June 21, with more information on the Boards website. Federal Reserve Financial Services will operate normally on Friday, June 18, and Monday, June 21, providing payment services, including the fulfillment of orders for currency and coin, which is standard practice for any federal holiday that falls on a Saturday. Some individual banks and branches are choosing to observe the holiday. Heres a look at what some individual banks are doing. However, its still a good idea to call your local branch before visiting. U.S. Bank  U.S. Bank, for example, is closing its branches early on Friday, June 18 at 1 p.m. local time, Star Tribune reported. U.S. Bank has branches in 26 states. Andy Cecere, U.S. Bank CEO, said in a statement: The events of the past few weeks have changed the conversation and added a sense of urgency that has motivated more people across the globe to act to address social injustice. We are encouraging our employees to use this time to serve in our communities, commit to inclusion and advocacy, or simply educate themselves on this very important topic.  JPMorgan Chase  JPMorgan Chase is also closing its branches at 1 p.m. local time, Reuters reported. (Reuters noted this would happen on June 19. However, June 19 is a Saturday. You should check with your local branch to see if it is closing early on June 18, June 19, or neither day.) JPMorgan Chase told ABC 7 Chicago that employees could take an extra floating holiday in honor of Juneteenth, and it would add Juneteenth to its holiday schedule in 2022. Capital One, PNC Financial Services, & Fifth Third Bancorp  Capital One Financial Corp, PNC Financial Services Group, and Fifth Third Bancorp are all closing early at 2 p.m. local time, Reuters reported. However, Washingtonian reported that Capital One banks would close all branches on June 19, with some being closed June 18. So its best to check with your local branch for their specific hours. Logix Federal Credit Union in California  Logix Federal Credit Union told ABC 13 that it would be open for regular business hours this year. Other Services  As far as other financial services, the SEC regulators offices will be closed Friday, Barrons reported. The EDGAR system will also be closed and not accepting filings. JUNETEENTH MARKET SCHEDULE: As this year's new federal holiday falls on a Saturday and Fedwire remains open, we will not recommend a #fixedincome market close. Going forward, Juneteenth will be incorporated into our holiday schedule. Schedule and policy: https://t.co/DuaUmV0znC  SIFMA (@SIFMA) June 17, 2021  The Securities Industry and Financial Markets Association said it would incorporate Juneteenth into its holiday schedule in future years, MarketWatch reported. Many federal employees are also getting Friday, June 18 as a holiday. Today @POTUS will sign the Juneteenth National Independence Day Act, establishing June 19th as a federal holiday. As the 19th falls on a Saturday, most federal employees will observe the holiday tomorrow, June 18th.  U.S. Office of Personnel Management (@USOPM) June 17, 2021  You can read OPMs guidance on Juneteenth in the link in the tweet below. With Juneteenth now officially a federal holiday, OPM has issued guidance to agencies for observing this holiday tomorrow: https://t.co/ORkJdvYDT6  U.S. Office of Personnel Management (@USOPM) June 17, 2021  Banks Are Typically Closed on Federal Holidays  Banks are typically closed on federal holidays (or on the Friday preceding a holiday that falls on a Saturday, or a Monday after a holiday that falls on a Sunday.) So its likely that you will see more banks closed in 2022 in honor of Juneteenth. The Federal Reserve notes the following holidays are currently observed: New Years Day, Martin Luther King, Jr. Birthday, Washingtons Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day. On June 17, when President Joe Biden signed the Juneteenth bill, he said, in part:  Juneteenth marks both the long, hard night of slavery and subjugation, and a promise of a brighter morning to come. This is a day of profound  in my view  profound weight and profound power. A day in which we remember the moral stain, the terrible toll that slavery took on the country and continues to take  what Ive long called Americas original sin. At the same time, I also remember the extraordinary capacity to heal, and to hope, and to emerge from the most painful moments and a bitter, bitter version of ourselves, but to make a better version of ourselves. Today, we consecrate Juneteenth for what it ought to be, what it must be: a national holiday  Juneteenth celebrates and remembers the end of slavery in the United States. On June 19, 1865, enslaved African-Americans in Galveston, Texas, learned that they were free, The New York Times reported. They were informed about two months after Robert E. Lee surrendered. The announcement officially put the Emancipation Proclamation from two years earlier into effect. READ NEXT: The latest COVID-19 news & vaccine updates