Clergy Financial Resources follows the same bank holiday schedule as the Federal Reserve. When a bank holiday falls within a payroll week, you will need to add an extra day to your process.
- If a holiday falls on a day other than your pay date, you will need to run payroll one day earlier than normal in order for employees to be paid on the scheduled pay date. Standard 4-Day will need to run payroll at least 5 days before the pay date. Prefunding will need to run payroll at least 2 days before the pay date.
- If a holiday falls on a pay date, your employees will not get paid until the following banking day. To avoid this, you can pay your employees one day earlier. This means you will need to run payroll one day earlier.
|New Year’s Day||January 1*||January 1**|
|Martin Luther King Day||January 17||January 16|
|Presidents Day||February 21||February 20|
|Memorial Day||May 30||May 29|
|Juneteenth Independence Day||June 19**||June 19|
|Independence Day||July 4||July 4|
|Labor Day||September 5||September 4|
|Columbus Day||October 10||October 9|
|Veterans Day||November 11||November 11*|
|Thanksgiving Day||November 24||November 23|
|Christmas Day||December 25**||December 25|
*Holiday falls on a Saturday, Federal Reserve Banks and Branches will be open the preceding Friday with no interruption to direct deposit timing.
**Holiday falls on a Sunday, Federal Reserve Banks and Branches will be closed the following Monday.