The keyword phrase functions as an interrogative clause, a type of sentence that asks a direct question. The core of this inquiry is built around two key nouns: "Veterans Day," which is a proper noun, and "bank holiday," which is a compound noun. These nouns define the subject and its specific context, making them the central grammatical components that drive the search for information.
Veterans Day is a United States federal holiday observed annually on November 11. Because it is a federal holiday, institutions that follow the Federal Reserve's holiday schedule, including most banks, are closed. If November 11 falls on a Saturday, the holiday is typically observed on the preceding Friday. If it falls on a Sunday, the holiday is observed on the following Monday, and banks would be closed on that corresponding weekday.
Therefore, the practical application is that financial institutions are closed in observance of this holiday. The closure occurs on November 11 itself when it is a weekday, or on the adjacent weekday (Friday or Monday) when it falls on a weekend. This alignment with the federal holiday schedule dictates whether it functions as a day off for banking operations.
