What is open and closed on Martin Luther King Jr. Day.

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New York (CNN) --

Martin Luther King Jr. Day celebrates the birth of civil rights leader the Rev. Martin Luther King Jr., who won the Nobel Peace Prize in 1964. He was assassinated four years later.

This year, the holiday falls on Monday, January 16.

It's a federal holiday, which means government agencies, banks, and many corporate offices will be closed for the day.

This is what will be open and closed on Martin Luther King Jr. Day.

Governmental agencies

Non-essential government offices, such as the Department of Motor Vehicles, public libraries, and city offices, will be closed.

State and federal courts will also be closed.

Be sure to check your local guidelines ahead of time.

postal services

The United States Postal Service will be closed Monday, so there will be no regular mail deliveries.

Other delivery services — including United Parcel Service and FedEx — will be operational, although FedEx Express and FedEx Ground Economy will have modified services.

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Financial services

The New York Stock Exchange and NASDAQ are closed on Monday.

It's a bank holiday, so most banks won't be open.

ATMs and online banking services will be available.

Retail sale

Big box retailers like Target, Walmart, Costco, Sam's Club, and major grocery stores including Kroger will remain open, as will most national restaurant chains.

However, be sure to check with local shops and restaurants, whose hours may differ.

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