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Bank holidays are generally public holidays. These are the
days when banks shut down and don't operate. On these days
no business takes place. Bank holidays vary from country
to country. In USA banks are usually closed on federal holidays.
Bank Holidays implies to the emergency bank closures that
are mandatory.
There are have been several Banking Acts till date and the
foremost had been, the 1871 Act that designated four holidays
in England, Wales and Ireland. Prior to this Act, Bank of
England observed about thirty-three Saint's Day and all the
religious holidays. Later things changes and from 1834 onwards
four Bank holidays were given: 1May, 1 November, Good Friday,
Christmas.
Sir Lubbock introduced the first bank holiday legislation,
when he put forth Bank of Holidays Act 1871. Then in 1903,
Saint Patrick's Day, was added as a Ireland Bank Holiday.
In the present scenario there are total 8 permanent Bank
holidays in England, Wales and Scotland and 10 in Northern
Ireland.
Every country has their own set of Bank holidays. On these
holidays banker go out on mini breaks and outings with family,
and enjoy a great time.
There's a provision, if employees work on Bank Holidays,
they are paid extra money- “time-and-a-half” or
even “double time.”
2009 Bank Holiday dates are already available on several
sites online. Just click your mouse and get the whole year's
list of Bank holidays. Every country has there own set of
Bank Holidays. These holidays differ and their dates also
keep on changing. Some holidays have fixed date like New Year
on 1st of January as per the Gregorian Calendar and Christmas
on 25th December. Then there are other changing dates.
Here the some of the 2009 Bank Holidays in US and 2009 Bank Holidays in UK
2009 Bank Holidays in US
'Martin Luther Day' celebrates his life, legacy, values,
courage, truth, justice and compassion. Its a Bank holiday
in US falling on January 19. 'Presidents Day' is celebrated
in the commemoration of the birth of George Washington. This
is a federal holiday and falls on third Monday of January.
'Independence Day', founded on 4th July 1776, Independence
Day celebrates the birthday of United States of America. In
the coming year 2009, Americans will celebrate its 233rd Birthday.
On 'Labor Day' Banks of US shuts down and the day is dedicated
to the social and economic achievements of American workers.
Military veterans, who served the armed forces are honored
and remembered on 'Veteran's Day'.
2009 Bank Holidays in US
On Good Friday Jesus Christ was crucified. Since, the early
nineteenth century, Banks of UK shuts down. 'Easter celebrates
Jesus Christ's coming back to life again after his crucification
on 13th April. Boxing Day is the feast of St. Stephens, the
first Christian martyr is known as 'Boxing Day' and falls
on 26th December.
If still there's any discrepancy and confusion, there will
be plenty of magazines and websites that will give clear-cut
listing of 2009 Bank Holidays of every single country. One
can have an easy glance at it and plan their upcoming trips
and vacations accordingly.
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