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The Mystery of Money and Banking – Public Banking

The Bank of North Dakota is over 90 years old and very profitable. What can we learn from this state –owned bank? Scott Baker considers the benefits of public banking.

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  • Scott B.

    I want to thank everyone for coming to the Public Banking presentation last night. It was a great event and lots of interesting questions and observations. I hope to do it again sometime, and maybe even outside the school. Materials are available for dissemination and so am I! Don't forget to check out the PBI site: and this recent article by my publisher at Op Ed News on a PB presentation by PBI founder Ellen Brown gave on the same night:

    1 · December 6, 2012

  • Scott B.

    Bank of North Dakota Ratings Raised On Bank Criteria Update; Outlook Stable
    · Following a review of Bank of North Dakota (BND) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have raised our long-term issuer credit rating on BND to 'AA-' from 'A+' and the short-term issuer credit rating to 'A-1+' from 'A-1'. The outlook is stable. At the same time, we have affirmed our 'AA+' rating on the bank's deposits, which parallels our issuer credit rating on the state of North Dakota.
    · The anchor for BND is 'bbb+'. Our ratings reflect BND's strong business and risk positions, strong capital and earnings, average funding, and adequate liquidity. The 'AA-' issuer credit rating on BND also incorporates a one-notch uplift from its 'a+' SACP, based on the
    application of our criteria for GREs.
    · We expect that BND's strong capital and earnings and excellent asset quality will remain positive rating factors, despite the bank's limited geographic diversification.

    November 28, 2012

  • Billy F.

    Part 3 of our 4-part series on Money, Banking and Credit

    November 27, 2012

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