DOB: News Bulletin 1972 - December 7, 2001

The Department of Banking News Bulletin 

Bulletin # 1972
Week Ending December 7, 2001

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to John P. Burke, Commissioner of Banking, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.


YEAR 2002 LEGAL HOLIDAYS

These legal holidays are not to be construed as bank holidays. Individual banks and credit unions may, at their option, close or remain open for business on a full or partial basis. Notice to this department will not be required. However, the institution must give at least two weeks' advance notice to its customers of holiday openings and closings by posting such notice in the lobby of each office.

Legal Holiday Date Observed
New Year’s Day Tuesday, January 1, 2002
Martin Luther King’s Day Monday, January 21, 2002
Lincoln’s Birthday Tuesday, February 12, 2002
Washington’s Birthday Monday, February 18, 2002
Good Friday Friday, March 29, 2002 *
Memorial Day Monday, May 27, 2002
Independence Day Thursday, July 4, 2002
Labor Day Monday, September 2, 2002
Columbus Day Monday, October 14, 2002
Veteran’s Day Monday, November 11, 2002
Thanksgiving Day Thursday, November 28, 2002 **
Christmas Day Wednesday, December 25, 2002

For the year 2003 the first holiday will be January 1, New Year’s Day
and will be observed on Wednesday, January 1, 2003.

* The day which will be designated by the Governor as a day of Fasting and Prayer.
** The day which will be designated by the Governor as a day of Thanksgiving.

INTEREST RATE TO BE PAID ON MORTGAGE ESCROW ACCOUNTS,
PUBLIC SERVICE COMPANY AND ELECTRIC SUPPLIER
CUSTOMER SECURITY DEPOSITS
AND TENANT SECURITY DEPOSITS

In accordance with Sections 49-2a, 16-262j and 47a-21(i) of the Connecticut General Statutes, the interest rate to be paid on mortgage escrow accounts, public service company and electric supplier customer security deposits and tenant security deposits is 1.5% for the period commencing January 1, 2002 and ending December 31, 2002.

Dated: Tuesday, December 11, 2001

John P. Burke
Banking Commissioner