### Question
Can you define what business day means?


### Answer
**Business day** is defined as the following in *12 U.S.C. § 4617*:

> any day other than any Saturday, Sunday, or any day on which either the New York Stock Exchange or the Federal Reserve Bank of New York is closed

#### Citation:
  - *12 U.S.C. § 4617*
  - Heading: **CHAPTER 46-GOVERNMENT SPONSORED ENTERPRISES > SUBCHAPTER II-REQUIRED CAPITAL LEVELS FOR REGULATED ENTITIES, SPECIAL ENFORCEMENT POWERS, AND REVIEWS OF ASSETS AND LIABILITIES**

