Discuss Year 2000 Issues Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William Peavey who wrote (9407)	12/14/1999 8:46:00 AM
From: flatsville	Read Replies (1) of 9818

William-- A Bank Holiday is defined as the temporary closing of a bank in the event that its obligations exceed its resources. FDR declared a National Bank Holiday in March, 1933 (approx. 10 days?) First act of his administration, declared the day after inauguration. To answer your question re: back office banking operations during a bank holiday start with the The Banking Act of 1935...<ggg> (I have no idea if settlement operations/processing would be allowed to continue.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next