A bank holiday is generally a holiday that is public. Banks are normally closed on all Federal breaks in United States. Nevertheless, the term 'bank holiday' specifically denotes emergency bank closures mandated by executive order of Congress to remedy crises that are fiscal. The holiday mandated by Emergency Banking Act of 1933 is the most prominent among these.
As far as history of bank holidays is concerned, Bank of England used to observe about 33 Saints' times and religious celebrations as holidays but in 1834, this was drastically paid off to simply four- May 1, November 1, Good Friday, and Christmas Day.
Bank holiday is observed in US on New 12 months's that is January 1 and on Martin Luther King's Day Day. Date of this may change from year to year day. A bank holiday is observed on Federal Reserve Banks Day into the month of February. Year its date also varies according to. USA commemorates births of George Washington (22.2.1732), and Abraham Lincoln (12.2.1809) as President's Day. It celebrates Memorial Day in the final Monday of May in tribute to the nation's armed services personnel killed in wartime and the deceased generally speaking.
Moreover, banking institutions observe any occasion on Independence in the USA on the 4th of July day. This day is a remembrance of the of Independence on July 4, 1776.
USA celebrates Labor Day on the first Monday in September, with parades. For most Americans it marks the final end of summer time holidays and beginning of classes for students. Christopher Columbus landed into the West Indies on October 12, 1492. Columbus is celebrated on the 2nd Monday of October to commemorate that day day.