TARGET closing days and reserve maintenance periods

The ECB has defined holidays as TARGET closing days and has determined on which Austrian bank holidays TARGET2 operates. Transactions are handled by the OeNB’s Treasury Department and Payment Systems Division.

TARGET closing days in 2019

The TARGET2 system is closed on Saturdays and Sundays and on the following holidays in 2019:

  • January 1 – New Year’s Day
  • April 19 – Good Friday
  • April 22 – Easter Monday
  • May 1 – Labor Day
  • December 25 – Christmas Day
  • December 26 – St. Stephen’s Day

The OeNB’s Treasury Department and Payment Systems Division will handle TARGET2 transactions on the following bank holidays in 2019:

  • May 30 – Ascension Day
  • May 21 – White Monday
  • June 20 – Corpus Christi Day
  • August 15 – Assumption Day
  • November 1 – All Hallows

Reserve maintenance periods

You may access all relevant information and documents on the minimum reserve and reserve maintenance periods (German only) among the OeNB’s information products and services here.