Yes, Martin Luther King Jr. Day is one of 11 federal holidays recognized in the United States. Most grocery stores will hold normal hours on Martin Luther King Jr. Day. Most banks will be closed on Martin Luther King Jr. Day, since it is a federal holiday and the Federal Reserve will be closed.

Here's what to know about whether government offices will be open or closed on Martin Luther King Jr., Day this year.

As the nation pauses to remember Dr. Martin Luther King, Jr. and his legacy to the United States, the stock markets in the country will close for the day. The New York Stock Exchange will close for a long weekend after normal trading hours on Friday,