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The federal holiday of Juneteenth falls on Thursday and will mean a number of closures for certain businesses.

The annual holiday falls on June 19 and was first designated a holiday in 2021 by President Joe Biden.

The designation meant many places would close in honor of the day. Meanwhile, celebrations will be held in the form of street festivals, fairs, concerts and other events.

Here’s a breakdown of what to know about Juneteenth.

What is Juneteenth, and when did it become a federal holiday?

The celebration started with the freed enslaved people of Galveston, Texas. Although the Emancipation Proclamation freed enslaved people in the South in 1863, it could not be enforced in many places until after the end of the Civil War in 1865.

Union Maj. Gen. Gordon Granger and his troops arrived at Galveston on June 19, 1865, with news that the war had ended and that the enslaved were now free. That was more than two months after Confederate Gen. Robert E. Lee surrendered to Union Gen. Ulysses S. Grant in Virginia.

Granger delivered General Order No. 3, which said: “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free. This involves an absolute equality of personal rights and rights of property between former masters and slaves, and the connection heretofore existing between them becomes that between employer and hired labor.”

The next year, the now-free people started celebrating Juneteenth in Galveston. Its observance has continued around the nation and the world since. Events include concerts, parades and readings of the Emancipation Proclamation.

In 2021, President Joe Biden designated the day a federal holiday.

Why is it called Juneteenth?

The term Juneteenth is a portmanteau of the words “June” and “nineteenth.” The holiday has also been called Juneteenth Independence Day or Freedom Day.

What’s closed on Juneteenth?

USPS

The U.S. Postal Service will be closed on June 19, and there will be no mail deliveries. It is one of 11 holidays the USPS observes. The next USPS holiday after Juneteenth if July 4.

UPS and FedEx pickup and delivery services will be available and their store locations will be open on June 19, according to the companies’ websites.

Banks

The Federal Reserve System will be closed on Thursday, June 19.

Since most financial institutions follow the Fed’s holiday schedule, the vast majority of banks are expected to be closed on Thursday, as well.

Stock market

Markets will be closed, and Nasdaq and the New York Stock Exchange will not be trading on Thursday.

Government offices

All federal agencies will be closed on Thursday, including Illinois drivers license facilities and Social Security Administration.

Are business open on Juneteenth?

Most private businesses, including national retailers like Costco, Walgreens, Walmart and Juneteenth will be open on Juneteenth.

Chicago-area Juneteenth events

  • Black Entrepreneur Experience at Gallagher Way outside Wrigley Field, beginning at 10:50 a.m., June 19
  • Juneteenth Celebration at DuSable Black History Museum and Education Center, 9 a.m. – 8 p.m. June 19
  • Juneteenth Youth Olympics at Catley Stadium in Pullman, 9 am. – 10 p.m., June 19
  • Mobile Museum of Tolerance at Grayslake Area Public Library, Juneteenth Freedom Walk, 3 p.m. – 5 p.m. June 19
  • Juneteenth Festival in West Pullman, 1 p.m. – 6 p.m. on Saturday, June 21
  • Juneteenth Festival in Evanston, beginning at 11 a.m.