I've just learned that Nevada State Bank is closed for four consecutive days for the Thanksgiving holiday. Why don't they have to comply with the law of not being closed for more than three consecutive days?
2007-11-21 06:08:22 · 13 answers · asked by Anonymous in Business & Finance ➔ Corporations
I've since spoken with the Banking Commission. Evidently, they can get around this because the Fri. after Thanksgiving is a "State Holiday" and banks are allowed to be closed on weekends and holidays. As far as "Family Day" is concerned, it's up to the Bank whether or not to remain open on a "State" holiday. However, no one seems for sure to know about the "three consecutive day" rule from back in the depression.
2007-11-21 09:26:40 · update #1
I did not find any code stating a maximum number of days closed for any bank.
Could you provide a reference?
2007-11-21 06:13:17 · answer #1 · answered by credo quia est absurdum 7 · 2⤊ 0⤋
Two things-one they might not be a federally insured bank and two there is ways around the three day rule-have some of the employees come in do process the on line, ATM and other tape records and send that tape to the Federal Reserve. When we had an ice storm on the fourth day my daughter had to go to the bank and process those records and submit in order to be in compliance with the law. Really isn't the bank has to be physically open for a customer to go through the doors but they have to process the information and provide to the Federal Reserve; can't hold that information more then three days.
2007-11-21 06:16:45 · answer #2 · answered by GunnyC 6 · 1⤊ 0⤋
Yes they will be Open!!! U.S. Bank Holidays 2007 January 1 Mon. New Year's Day January 15 Mon. Dr. Martin Luther King, Jr. Day February 19 Mon. President's Day May 28 Mon. Memorial Day July 4 Wed. Independence Day September 3 Mon. Labor Day October 8 Mon. Columbus Day November 12 Mon. Veterans' Day Observed November 22 Thur. Thanksgiving Day December 25 Tue. Christmas Day
2016-05-24 22:03:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Friday is a state holiday in Nevada. It is Family Day (the day after Thanksgiving). You might try asking the Nevada state department's website for a more complete answer.
2007-11-21 06:12:32 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Is it a credit union? Sometimes they go under the alias of "bank".
If not, maybe it is State mandated. I've heard this law but do not know if it is Federal.
2007-11-21 08:27:05 · answer #5 · answered by jennifer_weisz 5 · 1⤊ 0⤋
Could be because they are a state regulated bank, not a federal bank.
2007-11-21 06:16:41 · answer #6 · answered by r2mm 4 · 1⤊ 0⤋
I had also asked this same question several times, and haven't got a proper answer
2016-08-26 07:36:45 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Why not call them and ask them before 5 pm, when they go home to be with their famlies for the next 4 days?
Pastor Art
2007-11-21 06:11:31 · answer #8 · answered by Anonymous · 1⤊ 0⤋
If they are a state-chartered bank, different rules may apply.
2007-11-21 06:13:06 · answer #9 · answered by Anonymous · 1⤊ 0⤋
I don't think anyone can truly tell you
2016-07-30 07:31:38 · answer #10 · answered by Anonymous · 0⤊ 0⤋