Bank Holidays
Important Holiday Notice
American National Bank and The Federal Reserve will be closed on Wednesday, Nov. 11, 2009 in observance of Veterans' Day.
If you originate ACH transactions, please keep in mind that transactions cannot settle on Wednesday, Nov. 11. All transactions must be processed by Monday prior to the holiday - preferably before 12:00 p.m. (noon) - to ensure payment on Tuesday prior to the holiday.
Thus, to ensure payment by Tuesday, Nov. 10, your ACH entry should be processed through IBank on Monday, Nov. 9, and dated for Nov. 10. We recommend that you transmit the ACH information prior to 12:00 p.m. (noon).
Any transactions initiated on Tuesday, Nov. 10, will not settle until Thursday, Nov. 12.
If you should have any questions, please feel free to call the Funds Transfer area at 399-5010 or 399-5061. Thank you!
2009 Federal Reserve Bank Holidays
To help with planning, please note the following Federal Reserve Bank Holidays for 2009. Although the bank may be open on one or more of these holidays, the Federal Reserve is closed and as a result, no wire transfers or ACH can be transacted on these days.
| Holiday | Day of Week | Date |
|---|
| New Year's Day | Thursday | January 1 |
| Martin Luther King Jr. | Monday | January 19 |
| Presidents' Day* | Monday | February 16 |
| Memorial Day | Monday | May 25 |
| Independence Day** | Saturday | July 4 |
| Labor Day | Monday | September 7 |
| Columbus Day* | Monday | October 12 |
| Veterans' Day | Wednesday | November 11 |
| Thanksgiving | Thursday | November 26 |
| Christmas | Friday | December 25 |
Please remember the Federal Reserve is closed on these days, the effective date (settlement date/posting date) and transmission date of your ACH files and transactions will be impacted - the Federal Reserve will not process transactions on these dates. For example, if you send ACH transactions on November 25 with an effective date of November 26, the transactions will not be processed on the 26 - they will be posted on the 27. Likewise, if you send an ACH file on February 16, a day American National Bank is open, but the Federal Reserve is closed, we are not able to send the file until February 17, making the first available posting date February 18.
* Federal Reserve Bank is closed but American National Bank and Peoples National Bank are open - no wire transfers or ACH can be transacted on these days.
** For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday. For holidays falling on Sunday, all Federal Reserve Banks and Branches will be closed the following Monday.
