The query functions as an interrogative sentence, seeking to establish the state of a subject. The core components are the plural noun "banks" (the subject) and the proper noun "Veterans Day" (the temporal context). The state in question is described by the predicate adjective "closed," initiated by the verb "is." Therefore, the main point hinges on verifying the relationship between the noun (banks) and the adjective (closed) on the date specified by the other noun (Veterans Day).
Veterans Day is a federal holiday in the United States, observed annually on November 11. As a result, non-essential federal government offices and services, including the Federal Reserve System, are closed. Because the Federal Reserve's operations are crucial for clearing checks and processing electronic payments between financial institutions, the vast majority of commercial banks, credit unions, and savings institutions also close their physical branches in observance of the holiday. While automated teller machines (ATMs) and digital banking platforms (online and mobile apps) remain operational for transactions like deposits, withdrawals, and transfers, transactions requiring bank personnel are unavailable.
In practical terms, any in-person banking needs must be handled on the business day before or after the holiday. Transactions conducted via ATM or online platforms on Veterans Day, such as check deposits, will typically not be processed until the next business day. Consequently, funds from these deposits may be subject to a delay in availability. It is advisable to plan for any necessary wire transfers, loan applications, or other staff-assisted services in advance of the holiday closure.
