Monday is both Inauguration Day and Martin Luther King Jr. Day. Why it matters: The U.S. Postal Service, stock markets, banks and many schools are closed for the federal holiday, but not because it's the day President-elect Trump is sworn in as the 47th president.

As people prepare to celebrate Rev. Martin Luther King Jr.'s legacy, here’s what to know about what’s open and closed on MLK Day in Oregon.

On the third Monday of the month, federal, state and local governments, institutions and various industries recognize Martin Luther King Jr. Day.