The Bank of North Dakota - A Quick Study
Information on the Bank of North Dakota
Note that though up until this year, the US has had only one public bank, the Bank of North Dakota, and now American Samoa, there are many public banks throughout the world. For instance, 40% of German banks are public banks.
Articles from the Institute for Local Self Reliance:
1) Public Banks: Bank of North Dakota 7/2/2015
"Over the last 21 years, BND has generated almost $1 billion in profit. Nearly $400 million of that, or about $3,300 per household, has been transferred into the state’s general fund, providing support for education and other public services, while reducing the tax burden on residents and businesses."
2) How to Make a Political Revolution 7/5/2016
"The goal was to convince farmers that collectively they could significantly influence the decisions that would affect their personal and business lives."
"An analysis by ILSR found that, on a per capita basis, the state boasts almost six times as many locally owned financial institutions as the rest of the nation. (89 small and mid sized community banks and 38 credit unions). These control 83 percent of the deposits of the state. North Dakota’s community banks have given 400 percent more small business loans than the national average. Student loan rates are among the lowest in the country."
Documentary: Bank of North Dakota
Podcast: Ellen Brown of the Public Banking Institute interviews Dr. Rozanne Enerson Junker maker of the Bank of North Dakota documentary in the following two podcasts on "It's Our Money with Ellen Brown".
The first podcast is entitled, "The Little Bank that Could, and Did, and Does". The 25 minute interview begins at 9:30 minutes and ends at 34:00 minutes:
Part II to this interview is entitled, "The Little Bank that Does". This is 22 minutes long and runs from 13:00 minutes to 35:00 minutes.
Bank of North Dakota Annual Report 2016