### Question
What does business day mean?


### Answer
**Business day** has the following meaning in *12 U.S.C. § 1787*:

> 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. § 1787*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER II-SHARE INSURANCE**

