Holidays Observed by the Federal Reserve System 2016-2019

Holidays Observed by the Federal Reserve System 2016-2019
The Federal Reserve System, commonly referred to as “The Fed”, is the central bank of the United States, created by Congress in 1913.  According to the Board of Governors of the Federal Reserve System, the Fed has four main responsibilities:

  • Conducting the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.
  • Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers.
  • Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
  • Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation’s payments systems.

For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday; however, the Board of Governors will be closed. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday.  Please visit http://www.federalreserve.gov/aboutthefed/k8.htm for more information.

2016 2017 2018 2019
New Year’s Day January 1 January 2 January 1 January 1
Martin Luther King, Jr. Birthday January 18 January 16 January 15 January 21
Washington’s Birthday February 15 February 20 February 19 February 18
Memorial Day May 30 May 29 May 28 May 27
Independence Day July 4 July 4 July 4 July 4
Labor Day September 5 September 4 September 3 September 2
Columbus Day October 10 October 9 October 8 October 14
Veterans Day November 11 November 11* November 12 November 11
Thanksgiving Day November 24 November 23 November 22 November 28
Christmas Day December 26 December 25 December 25 December 25

* Saturday – the Board of Governors is closed on November 10, 2017.
The Board of Governors is closed in observance of Inauguration Day, January 20, 2017.

Labor Law Postings Available for Cities affected by the Increase in Minimum Wage Rates

We are providing a free resource which allows our clients to download relevant city and county labor law postings and remain in compliance from one source, available here at http://www.posterupdates.com/cityposters.html. Several Cities in California are implementing changes or new laws and regulations related to wages. This requires businesses operating within particular city limits to display or update their labor law notices. Posting of the correct wage notices is enforced and fines can be imposed for non-compliance.

CITY MINIMUM
WAGE RATE
POSTING REQUIREMENT LINK TO CITY WEBSITE
Berkeley $11.00/hour
(12.53/hour effective October 1, 2016)
Yes Minimum Wage Ordinance
Emeryville $12.25/hour for businesses with 55 or fewer employees; ($13/hour beginning July 1, 2016)
$14.44/hour for businesses with more than 55 employees;
($14.82/hour est. beginning July 1, 2016)
Yes City of Emeryville
Long Beach* $13.80/hour No** Office of the City Clerk
Los Angeles $10.50/hour (effective July 1, 2016 for employers with 26 or more employees; requirement for smaller employers delayed until 2017)
$15.37/hour* (Hotel/Motel)
No Ordinance No. 18612

Ordinance No. 183241
(hotel workers)

Mountain View $11.00/hour Yes City of Mountain View
Oakland $12.55/hour Yes Minimum Wage Ordinance
Palo Alto $11.00/hour Yes City of Palo Alto
Richmond $11.52/hour Yes City of Richmond
San Francisco $12.25/hour
($13.00/hour effective July 1, 2016)
Yes Minimum Wage Ordinance
San José $10.30/hour Yes Minimum Wage Ordinance
Santa Clara $11.00/hour Yes City of Santa Clara
Sunnyvale $10.30/hour Yes Minimum Wage in Sunnyvale

*Applies to hotel workers only / **Requires written notification of rate adjustments
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