Several of our employees have heard that the Fed and Post Office will be closed on Friday to honor President Reagan. I hope I don't encourage this rumor if it is not true. I have emailed the St. Louis Fed, but haven't yet received an answer. Any one heard anything similar?

According to the White House web site - Friday is a Federal Holiday - that's all I can tell ya.

From the Washington Post

A Day of Mourning and Closed Federal Offices for Reagan
By Stephen Barr
Monday, June 7, 2004; Page B02
Federal agencies will be closed Friday as part of the national day of mourning for former president Ronald Reagan, the White House announced last night.

In an executive order, President Bush said federal government offices "shall be closed on June 11, 2004, as a mark of respect for Ronald Reagan."

Federal offices and programs essential for national defense, homeland security, foreign affairs, law enforcement and other essential business may be kept open, however, at the discretion of agency heads, the order said.

The White House released Bush's executive order shortly after 8 p.m. from Sea Island, Ga., where the leaders of the G-8 industrial nations are scheduled to begin meeting tomorrow. Administration officials said additional information would be sent to agencies today on the closing of the government for the Reagan funeral on Friday.

Current plans call for the 40th president to lie in state in the Capitol Rotunda beginning at 8:30 p.m. Wednesday. A national funeral service has been scheduled for 11:30 a.m. Friday at Washington National Cathedral.

Bush, in a proclamation yesterday, declared Friday as the official day to mourn Reagan. "I call on the American people to assemble on that day in their respective places of worship, there to pay homage to the memory of President Reagan," Bush said in his proclamation.

Thanks guys. If I get a definite answer from Fed, I'll post here.

Is anyone closing that day? We follow FDIC holiday schedule & they will be closed.

I have a feeling since mgmt asked me to find out about Fed closing, that they are at least considering closing.

I asked about it and they laughed at me. I guess that means I will still have to work....

Our course government employees won't miss this chance to "mourn" and pickup, yet another, day off.......
Oh....... to get on that gravy train.......

Anon,

As a former government employee and the current spouse of one, I do not appreciate your comment. Granted there are no doubt government employees that no doubt fit the sterotype I think you are attempting to put all government employees into. Rest assured though that there private sector employees that fit that description as well.

Let's not just assume that employment by the United States Government is equal to cushy jobs, good benefits, big paychecks with no work involved. Don't forget that the men and women standing in harm's way everyday defending our liberty and freedom and your right to voice such a malicious comment are United States Government employeees.

I know people that take every opportunity to bash government service (government at all levels, Federal, State, or Local), but take away all of the goods and services that government provides and these will be the first pople to scream and shout that they are "owed" such and such.

Regardless of your politics or personal views on President Reagan, he was none-the-less the President of the United States, Commander-in-Chief, known, loved, and respected by many.

This is the response I got from St. Louis Fed.

Thank you for your inquiry. The Federal Reserve Banks will be open for business on Friday, June 11.


Debbie Boren
Sales and Marketing
Federal Reserve Bank of St. Louis
(314) 444-8946 phone
(314) 444-4654 fax

In his honor, I think I'm going to use a vacation day and stay home and watch the funeral on TV.

HOW SENSITIVE ARE YOU TO GET IRRATE ABOUT A STRANGERS COMMENTS? SOUND LIKE A GUILT THING IF I EVER HEARD ONE!

Why are you yelling?

Fed in DC will be closed. All other Fed banks will be open.

Fed Closing

If there is no mail delivery on Friday, should the rescission period be extended one day?

I second Andy's answer. Friday is a business day, mail or no mail, bank open or bank closed. If you choose to give a fourth business day, that's precisely what you are doing.

Thanks, Andy. That is the position we are taking, but I received differing opinions from others.

On a related note I see the OCC is allowing national banks to close under certain circumstances. Their site has the release, I'm sure. Sorry I couldn't link I'm certain someone else can.

OCC News Release 2004-44

I've already told my boss that I'll be coming in late (the memorial starts at 8:30 Pacific time). But I'll be staying late to make up the time. Staff that has customer contact don't have that "luxury". They're expected to be at work at 8:30 sharp - 8:00 for the call centers.

If it's up to the various depts, is the FDIC closed?