Presidents Day is another term used for the holiday celebrating George Washington’s birthday that is observed on the third Monday in February.
In 2020, Presidents Day falls on Monday, February 17.
Presidents Day is a government holiday which means that many schools and government offices are closed along with some private businesses.
Presidents Day originally came from the federal holiday for George Washington’s Birthday.
But after the observance was changed to the third Monday in February, the holiday has become to be known as “Presidents Day” to celebrate both Abraham Lincoln’s birthday and Washington’s birthday in most states.
However, the federal government has never officially changed the name from Washington’s Birthday to Presidents Day.
Most banks are closed on Presidents Day 2020 because it is a federal holiday and the Federal Reserve Bank is closed on Washington’s Birthday.
The U.S. stock market, bond markets, and commodity markets will not be open on Presidents Day 2020.