Vicki: I have a list of dates and I’m looking for a formula to calculate the previous workday only if the date in the list is a weekend or holiday.<\/p>\n

Why: Accrue Fed Fund Interest Daily (Fed Funds Rate only published on Business Days).<\/p>\n

This is mildly complex, because you need to be able to create a named range for the holidays, and after building the long formula, Excel will likely give you the date serial number instead of the formatted date.<\/p>\n

Table of Contents
\n(0:00) Introduction
\n(0:23) Create a named range with holidays
\n(1:23) Excel formula to detect if date is a workday using NETWORKDAY function
\n(2:11) WORKDAY function to go back one work day
\n(3:15) Formatting serial numbers as dates<\/p>\n","protected":false},"excerpt":{"rendered":"

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