Closings on June 16: Are banks and post offices open on June 20?

Since the federal holiday, officially known as Juneteenth National Independence Day, falls on Sunday, June 19 this year, Monday, June 20 will be observed in many places.

June 16 is a holiday honoring the last enslaved black people to learn they were free.

With June 16 now a federal holiday, there are several closures for Americans to be aware of.

authorities and the stock exchange

All government buildings and government offices will be closed on Monday, June 20 as this typically occurs on other federal holidays such as Christmas Day and Veterans Day.

See also: What is Juneteenth?

Additionally, the US stock market and bond market will close on Monday, June 20th in celebration of June 16th. There will be no trading of major indices including the Dow Jones Industrial Average DJIA,
-2.38%,
S&P 500 SPX,
-3.05%
and Nasdaq Composite COMP,
-3.70%.

banks

According to the Federal Reserve website, most US banks and their branches will close on June 20th. Banks’ digital tools and software, as well as ATM branches, should continue to function normally.

Most financial institutions follow this Federal Reserve System holiday schedule.

delivery service

The United States Postal Service (USPS) will also remain closed on Monday, June 20th.

“Starting in 2022, the Postal Service will recognize National Independence Day on June 16 as a holiday eligible for full-time and part-time employees,” the USPS wrote in a website post.

the UPS UPS,
-2.12%
Operations website informs that the company will be closed on Sunday June 19th for the holiday and will work normally on June 20th. The enterprise website also says “locations may have changed business hours” so it’s important to check with your local store.

fedex corp fdx,
-3.39%
has not listed June 16 as an operational holiday in 2022 on its website and has not responded to MarketWatch requests for comment on this story.

schools

Public schools will not be held on June 20th, in celebration of the holiday. Many schools in the US are already on summer break.

Private high schools and universities are not subject to the same closing times as public schools, so students must check with their local school boards to see if their classes are taking place.

See also: How should corporations atone for their ties to slavery? The financial giant is setting a good example, says the expert

The story behind Juneteenth

On June 19, 1865, federal troops marched into Galveston, Texas to take control of the state. Despite the end of the Civil War, slavery remained in Texas. Union General Gordon Granger arrived in Texas and famously read General Orders #3which states: “The people of Texas are informed that pursuant to a proclamation of the Executive Branch of the United States, all slaves are free.”

That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on January 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.

While other dates — like the surrender of the Confederate Army in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could also be considered the “end” of slavery in the U.S., the 16 the day most people associate with his graduation.

Congress and President Biden voted to designate June 16 as a federal holiday in June 2021, and the holiday went into effect immediately.

https://www.marketwatch.com/story/juneteenth-closings-are-banks-and-the-post-office-open-on-june-20-11655392314?rss=1&siteid=rss Closings on June 16: Are banks and post offices open on June 20?

Brian Lowry

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