April 29, 2023 A new memo by Earl Staelin, attorney and Chair of the Rocky Mountain Public Banking Institute, argues that FDIC membership and the holding of 100% collateral generally required for a bank charter are “completely unnecessary for public banks that follow the Bank of North Dakota (BND) model and would substantially undermine their profitability and…
We are much obliged to Mr. Robert G. Brown, a public banking advocate for scheduling a meeting for us with Pima County District 1 Supervisor Ally Miller. We met with her in her in her office today for about an hour. We presented “Top 10 Reasons for Public Banking” power point. She was especially interested to…
We remain convinced, judging by the evidence and the experience with long standing public banking in North Dakota that public banking immensely benefits community banks. We have lamented our lack to date of engaging a community bank to partner with us so we do not have to continue to represent their interests on their behalf. We…
Many would agree that Arizona’s post-crash recovery has been lagging behind the rest of the country. The lingering question is: What do we do about it?. Arizonans for a New Economy believes that creation of a state bank would go a long way toward making Arizona financially healthy again. Across the country, states and cities have billions of dollars…
Large national banks invest their funds in the stock market on Wall Street, not Main Street. These commercial banks hold and manage funds for the vast majority of cities, counties, and states in the US and charge us fees for managing our taxpayer funds. They invest taxpayer funds in stocks and bonds for the benefit…
This is a lecture given by Jared Gardner of the Oregonians for a State Bank delivered as part of a seminar presented at the Portland State University’s Institute for Sustainable Solutions. This address was delivered on April 13, 2011. Mr. Gardner speaks extensively about how Wall St. Banks are not serving the interests of local…
At the April 8, 2014 meeting of the Tucson Mayor and City Council, the President of Alliance Bank of Arizona, Duane Froeschle described how his bank used $5M deposited by the City of Tucson in his bank to lend $9M to local businesses. Councilman Kozachik stated in all, 16 loans were made under the program.…
Arizonans for a New Economy 