New Jersey | 4:00pm – 6:00pm ET The NJ Public Bank Implementation Board is holding its first public hearing following their issuing a request for a bank proposal. [Register] Massachusetts | 7:00pm – 8:00pm ET A Public Bank for the Public Good: Making Our Money Work for Climate and Economic Justice. It is time to establish a …
Eric Hardmeyer, former CEO of the Bank of North Dakota (BND), shared his insights from over 20 years at the helm of the nation’s only state public bank as part of a recent town hall presented by the California Public Banking Alliance. He touched on founding principles, the importance of profitability to fund growth, that leverage …
Our Annual Report for 2021 is available now on our website. [Read annual report]
In another important stride forward for public banking, four Alameda County Supervisors voted unanimously March 15 to give $75,000 to Friends of the Public Bank East Bay for planning activities. The PBEB group has completed the viability study required by California’s Public Banking Act (see article here), the first stage in the process of applying …
California’s Public Banking Act, AB 857, which took effect on January 1, 2020, requires that municipalities complete a “viability study” as a first step toward applying for a public bank charter. Public Bank East Bay (PBEB)— a joint venture of the East Bay cities of Oakland, Berkeley, and Richmond, and the county of Alameda — is …
On Thursday, March 17, Philadelphia Mayor Jim Kenney allowed the Philadelphia Public Financial Authority Bill #210956 to become law without his signature. This follows the Philadelphia City Council’s overwhelming 15 to 1 veto-proof vote Thursday, March 3 to pass the bill. Stay tuned for further updates. [Read more about the bill]
California Public Banking Alliance is presenting a Town Hall on March 30th: From Legislation to Operation: The Nuts and Bolts of Opening Public Banks in California. Serious efforts are underway to establish public banks in cities and regions throughout California. In this Town Hall, Eric Hardmeyer, the former CEO of the Bank of North Dakota (BND), will …
CPBA hosts a Town Hall with Eric Hardmeyer March 30 Read More
Public and Postal Banking How Philadelphia is laying the groundwork for a public bank | Allissa Kline, American Banker [PDF version] Economics in Brief: Yes Votes for Public Bank in Philly | Solcyre Burga, Next City City Council votes to establish the Philadelphia Public Financial Authority | City Council Philadelphia Philadelphia takes initial step towards creating nation’s first municipal bank | Noah Zucker, PhillyVoice Philadelphia …
Demonstrating the broad-based and growing support building behind the National Infrastructure Bank bill championed by the Coalition for the NIB, the following state legislatures have passed resolutions supporting NIB legislation or policy: Nevada, both houses (2021) Maine, both houses (2021) Illinois House (2021) New Jersey Senate (2021) Rhode Island Senate (2021) Delaware Senate (2022) Washington State …
Michael Hudson on Money and Debt Celebrated economist Michael Hudson thinks that the world of academic economics is both deceptive and essentially wrong in its formulations of the role of money and debt. Hudson says today’s oligarchic monetary systems invariably reinforce the flow of profits from labor to the top of the economic ladder. The …
Public banking advocates often face legal questions such as: “Does a public bank violate a state’s constitution?” or “Is legislation needed for a public bank?” In these short video clips, Colorado Public Banking’s Earl Staelin, J.D., offers his legal rationale for answering these common questions. In two parts. Part one: Part 2: Useful …
Video spotlight: Legal aspects of public banking – Earl Staelin, J.D. Read More
