Summary:
The President of the United States today signed legislation designating Juneteenth a federal holiday. As the official holiday falls on a Saturday this year, the federal government will observe the holiday on Friday, June 18. When determining their operating status tomorrow, FDIC-supervised institutions should comply with applicable requirements of their state chartering authority and consider the impact on customers.
Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.
Highlights:
- On Friday, June 18, financial markets and Federal Reserve Financial Services will operate normally.
- When determining their operating status tomorrow, FDIC-supervised institutions should comply with applicable requirements of their state chartering authority.
- Given the timing, institutions are encouraged to consider the convenience and needs of their customers when making these decisions.
- The FDIC encourages institutions to inform customers of their plans as soon as possible.
Distribution:
FDIC-Supervised Institutions
Suggested Routing:
Chief Executive Officer
FIL-44-2021