On Monday, Americans will pay tribute to the late civil rights leader Martin Luther King Jr.
Martin Luther King Jr. Day celebrates the life and legacy of King, who was born on January 15, 1929, and became a leading voice in the struggle for racial justice. MLK Day, as it is often called, became a federal holiday in 1983 and was first observed in 1986.
The holiday is always celebrated on the third Monday in January, which this year falls on King's actual birthday. Here's what you can expect.
Stock and bond markets
US stock markets are scheduled to close on Monday. Bond traders also get a long weekend, as bond markets will be closed on Monday as well.
Mail and parcels
The US Postal Service will not deliver mail on Monday. fedex FDX,
We will provide a modified service in certain cases. ups ups,
No pickup or delivery service will be offered.
Banks
Banks are generally closed, according to GoBankingRates.com. Of course, you can still make transactions using an ATM or your banking app.
Government offices
Since MLK Day is a federal holiday, all nonessential federal government offices are closed. The same is generally true of state government offices.
Schools
Schools are usually closed on MLK Day, although there are exceptions. It's always best to check with your local school district.
Stores
Stores are likely to be open on MLK Day, and many use the occasion to promote sales.
