Monthly Archives: October 2012

How could a publicly-owned bank help an economically struggling state?

Among other things, publicly owned banks offer counter-cyclical relief by (1) issuing badly needed credit at low, or no, cost to the state, thus providing a means of revitalizing infrastructure and other services that are now endangered (according to studies, … Continue reading

Posted in Public Banking Institute | Tagged , , , , , | Leave a comment

Who would benefit from a publicly-owned bank?

We the People and our common wealth, including the governmental entities to which we belong and the public lands that we share, and the environment in which we live, according to the priorities that we assign, would all benefit by … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

How would a publicly-owned bank be different from a privately-owned one?

First, the mission of the publicly-owned bank is to serve the public interest, while that of the privately-owned bank is to serve its shareholders by delivering profits. Second, the profits of the publicly-owned bank would be returned to the public, … Continue reading

Posted in Public Banking Institute | Tagged , , , | Leave a comment

Don’t we already have a national public bank in the Federal Reserve, with a network of regional Fed banks around the country?

 How would a publicly-owned central bank differ from this? How would a publicly-owned state bank differ? Ownership and control of the Federal Reserve System is a mixture of private ownership with some federal oversight. The Federal Reserve Act is designed … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Would publicly-owned banks provide unfair competition to local privately-owned banks?

No. Witness North Dakota, which currently has the only state-owned bank in the U.S. It also has more local banks per capita than any other state. The Bank of North Dakota (BND) helps local banks with capital requirements, partners with … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

What are publicly-owned banks? Why do we need them?

Public banks are financial institutions owned by government entities, such as cities, states, and nations. The initial capital for a public bank often comes from a government appropriation or the proceeds of a loan arranged for the purpose of making … Continue reading

Posted in Public Banking Institute | Leave a comment

Public Banking Institute – Banking in the Public Interest

PBI Journal is Published! Welcome to the first issue of the Public Banking Institute Journal. We have searched to find the most well-researched and well-written articles in the field.The United States has few publicly-owned banks and little technical literature on … Continue reading

Posted in Public Banking Institute | Tagged , | Leave a comment