President Donald Trump declared over the weekend that Wednesday, Dec. 5, 2018 will be a National Day of Mourning to honor the memory of President George H.W. Bush. How will this declaration impact banking functions on Wednesday?

On Wednesday, Dec. 5, 2018:

  • Federal Reserve Bank payment and securities settlement systems will operate normally;
  • Reserve Bank cash offices will fulfill currency and coin orders according to normal operating procedures;
  • The U.S. Postal Service will not deliver regular mail;
  • The New York Stock Exchange and Nasdaq will close;
  • Dealers serving the fixed-income cash markets have the option to close; and 
  • Settlements in municipal and corporate securities will occur as scheduled since the DTCC/NSCC will remain open on Wednesday.

View other ways in which the National Day of Mourning might affect you in USA Today.