what is a national bank holiday 
a national bank holiday is a holiday observed by the u s federal reserve system on this day financial services typically close nationwide national bank holidays in the u s include martin luther king jr day juneteenth national independence day columbus day and christmas day 11the bottom linenational banks are an important element of the federal banking system which is designed to encourage public trust through safety and resilience while still encouraging banks to innovate products and services that customers and businesses need federal regulation and fdic insurance help reassure the u s public about national banks and their services 