• Provide counter-cyclical solutions to credit contractions
• Reduce systemic risk
• Use core deposits more efficiently
• Be owned by the people of Montana
• Support economic sustainability
• Be Constitutional
A New Montana Bank would ...
and would not be ...
• Operated by politicians
• Boondoggles for bank executives
• Speculative ventures
• Competition for community banks
• Vulnerable to credit contractions
• Driven by the short-term profit motives and bonuses
• Boondoggles for bank executives
• Speculative ventures
• Competition for community banks
• Vulnerable to credit contractions
• Driven by the short-term profit motives and bonuses
Who We Are
Currently the Public Banking Institute (PBI) is exploring the idea of a state bank for Montana, similar to the nation’s only state bank, the Bank of North Dakota, which has protected North Dakota from revenue shortfalls and has reinvested local money in agriculture, small business, education and other economic development initiatives.
PBI is a national educational nonprofit organization committed to ending artificial economic scarcity. The team of volunteer supporters in Montana serve other organizations and the public in Montana by providing the education and information needed so that a new economy in Montana can be created.
PBI is a national educational nonprofit organization committed to ending artificial economic scarcity. The team of volunteer supporters in Montana serve other organizations and the public in Montana by providing the education and information needed so that a new economy in Montana can be created.
Why a New Economy?
Public banking frees the credit potential of public revenues and harnesses this public wealth to create sustainable, abundant, and affordable credit. Here are some examples of how North Dakota is using their credit to build a new economy:
• Clean manufacturing
• High tech startups
• First-time farmer loans
• Energy development
This credit provides a new source of tax revenue by increasing revenue collection from the expanding economic activity that it underwrites. Are community banks in Montana effectively funding these kind of loan programs now?
• Clean manufacturing
• High tech startups
• First-time farmer loans
• Energy development
This credit provides a new source of tax revenue by increasing revenue collection from the expanding economic activity that it underwrites. Are community banks in Montana effectively funding these kind of loan programs now?
Montana Values
People helping people - in the country or in the cities, in the summer or in the winter, this is what Montanans do
Balance Preservation with Growth - create common sense economic opportunities that don't exploit the public
Level Playing Field -- no unfair advantage to out-of-state corporations
Balance Preservation with Growth - create common sense economic opportunities that don't exploit the public
Level Playing Field -- no unfair advantage to out-of-state corporations
Honest Banking
Sound banking practices that inspire confidence and generate sound investments. Too good to be true? North Dakota does this with its public money -- Monana can do this, too.