A bank holiday is generally a public holiday. Banks are normally closed on all Federal holidays in United States. Nevertheless, the term 'bank holiday' specifically denotes emergency bank closures mandated by executive order of Congress to remedy financial crises. The holiday mandated by Emergency Banking Act of 1933 is the absolute most prominent of these.
As far as history of bank holidays is concerned, Bank of England used to observe about 33 Saints' days 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 Year's Day that is January 1 and on Martin Luther King's Day. Date of this may change from year to year day. A bank getaway is observed on Federal Reserve Banks Day in the month of February. Its date also varies according to 12 months. USA commemorates births of George Washington (22.2.1732), and Abraham Lincoln (12.2.1809) as President's Day. It also celebrates Memorial Day on the last Monday of May in tribute towards the nation's armed services personnel killed in wartime and the deceased generally speaking.
Moreover, banks observe a vacation on Independence Day into the USA on the 4th of July. This day is a remembrance of the of Independence on July 4, 1776.
USA celebrates Labor Day on the Monday that is first in, with parades. For some Americans it marks the final end of summer holidays and beginning of classes for students. Christopher Columbus landed in the West Indies on 12, 1492 october. Columbus is celebrated on the 2nd Monday of October to commemorate that day day.