Commissioner Gonzales Announces 2022 Bank Holiday Schedule
In response to anticipated questions, this will serve as confirmation that Tennessee state-chartered banks may be closed on the following dates, in addition to federally designated holidays, provided that adequate notice is given to customers prior to the closing:
· Friday, November 25, 2022 (in addition to Thursday November 24, 2022)
· Friday, December 23, 2022 and/or Monday, December 26, 2022 (in addition to Saturday, December 24 and Sunday, December 25, 2022)
Therefore, no separate notice by the bank to this office is required.
However, pursuant to T.C.A. Section 45-2-604, should the bank decide to close for more than two (2) consecutive calendar days, not including a Saturday, Sunday or legal holiday, the prior approval of this office is required.
Banks should be advised that if the Federal Reserve is open on a day that the bank has decided to use its discretion and close, the Federal Reserve may continue to present cash items to the bank. Please contact your respective Federal Reserve branch for further guidance.
Questions regarding this issuance may be directed to Debra Grissom, Chief Administrator for Applications, at 615/741-5018 or Debra.Grissom@tn.gov
Best wishes for a Happy Holiday Season!