### Question
How does the law define business day?


### Answer
Under *12 U.S.C. § 2277a*, **business day** is defined as:

> 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. § 2277a*
  - Heading: **CHAPTER 23-FARM CREDIT SYSTEM > SUBCHAPTER V-FARM CREDIT ADMINISTRATION ORGANIZATION > Part E-Farm Credit System Insurance Corporation**

