US banks observe 11 bank holidays in 2027, the same eleven as the federal government. The difference is in the weekend rule: Federal Reserve Banks do not close on the Friday before a Saturday holiday, so banks can open on Friday, June 18 and Friday, December 24 while federal offices are shut.
Federal Reserve holidays 2027
| Holiday | Date | Day | Federal Reserve Banks |
|---|---|---|---|
| New Year’s Day | January 1 | Friday | Closed |
| Martin Luther King Jr. Day | January 18 | Monday | Closed |
| Washington’s Birthday (Presidents’ Day) | February 15 | Monday | Closed |
| Memorial Day | May 31 | Monday | Closed |
| Juneteenth | June 19 | Saturday | Saturday holiday. Reserve Banks open Friday, June 18 |
| Independence Day | July 4 | Sunday | Sunday holiday. Reserve Banks closed Monday, July 5 |
| Labor Day | September 6 | Monday | Closed |
| Columbus Day | October 11 | Monday | Closed |
| Veterans Day | November 11 | Thursday | Closed |
| Thanksgiving Day | November 25 | Thursday | Closed |
| Christmas Day | December 25 | Saturday | Saturday holiday. Reserve Banks open Friday, December 24 |
Source: Board of Governors of the Federal Reserve System, “Holidays Observed” (K.8) schedule for 2026–2030.
The Saturday rule, in the Fed’s own terms
The Federal Reserve’s schedule states that for holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday, and that for holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. The Board of Governors in Washington, which is a federal agency, does close on those Fridays; the regional Reserve Banks that run the payment systems do not.
For 2027 the Fed names the affected Fridays explicitly: June 18 (Juneteenth), December 24 (Christmas) and December 31 (New Year’s Day 2028). On each of them, Fedwire and ACH settlement operate and a payroll deposit dated that day will post.
What “bank holiday” means in practice
No law forces a commercial bank to close on these dates. Banks follow the Fed’s calendar because, when the Reserve Banks are closed, wires and ACH transfers do not settle. On a bank holiday:
- Branches are generally closed, though some in-store branches open.
- ATMs, cards, mobile apps and online banking work as usual.
- Transfers, direct deposits and bill payments scheduled for the holiday are processed on the next business day.
- A holiday does not count as a business day for funds-availability deadlines.
Paydays that collide with a 2027 holiday
Employers normally pay on the business day before a bank holiday. In 2027 the dates to watch are Friday, January 1; Monday, January 18; Monday, February 15; Monday, May 31; Monday, July 5; Monday, September 6; Monday, October 11; Thursday, November 11 and Thursday, November 25. A 15th-of-the-month payday is affected in February, and a month-end payday in May.
Days banks are open when you might not expect it
Good Friday (March 26), the day after Thanksgiving (November 26) and the three Friday observances listed above are all regular banking days in 2027. Columbus Day and Veterans Day are the reverse: banks close, yet the stock market trades. Compare the two calendars on the stock market holidays page, or see the federal version on federal holidays 2027.
Frequently asked questions
Are banks open on Friday, December 24, 2027?
Federal Reserve Banks are open, so commercial banks can operate normally. Individual branches may still close early for Christmas Eve.
Are banks closed on Monday, July 5, 2027?
Yes. July 4 is a Sunday, and all Federal Reserve offices close the following Monday.
Is Saturday a business day for banks?
Not for settlement. Even where branches open on Saturday, transactions are usually dated the next business day, which is why a Saturday holiday changes little.
Do credit unions follow the same holidays?
Almost always, since they depend on the same Federal Reserve payment services.
How many bank holidays are there in 2028?
Eleven again. Two fall on a Saturday (January 1 and November 11), and Reserve Banks will be open on the Fridays before them.
Last checked: 12 November 2026 — dates verified against OPM