10 steps to building support for a public bank

  1. Organize a team and define roles and an agenda.
  2. Identify potential allies in your community, including agency chiefs and elected officials.
  3. Begin building your case with facts provided by reliable sources.
  4. Clearly define what you want your local legislators or policymakers to do and do as much work for them as possible. (See list below.)
  5. Bring your movement to city hall or your county orstate legislature.
  6. Meet with local elected officials and make your case. Develop political outreach campaigns to gain endorsements and supportfrom political organizations, political candidates and officials, and labor unions.
  7. Develop community outreach campaigns to build a coalition and gain endorsementsfrom community organizations, nonprofits, local grassroots groups and neighborhood councils.
  8. Canvass your neighbors: Knock on doors!
  9. Use art and music to buildemotional appeal for public banking. 

How to Start A Bank: A Modeled Exercise

Scott Baker has prepared a document on “How to Start a Public Bank.” (PDF version is at the link.) Quoting from this document:

“There are some banking basics books and articles available that explain how to create a small, basic commercial bank, and we will use a three-page section from one of them: Banking Basics (pgs 19-21) from the article Money Basics by Christopher D. Moore, 2003 (see Appendix). But the requirements and options for a Public Bank are substantially different, and advantageous as we will see, and so require modifications to the basic banking spreadsheet created by Moore. These have been made to the working spreadsheet that accompanies this document.”

A slideshare version of “How to Start a Public Bank” is below.