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February 18, 2003
Federal Reserve Bank Closed
Just some idle speculation... I love the Federal Holidays, it's so nice to get extra days off from work; but it always annoys me when I absent-mindedly drop by the bank and discover that it's closed. I seem to remember reading somewhere that it's against the law for the banks to be open if the Federal Reserve is closed. So, I'm curious. According to the newspapers, all of the Federal Offices in Washington DC are closed today because of the blizzard that dumped 19" of snow all across the east. So, is Charter One Bank going to be open or closed today?
Hmmm. Another thought. Cleveland is lucky enough to be home to one of the "branch offices" of the Federal Reserve Bank. Our local banks will probably be open.
Posted by crandal at February 18, 2003 08:42 AM