The following Public Bank reports include feasibility and benefit reports at the municipal, state, and national levels.

National & General Reports

National & General Reports Recommend
2020 Cancel Wall Street: How Our State and Local Governments Can Save More Than $160 Billion a Year by Cutting Interest Payments to Investors, by Action Center on Race & the Economy, Sept 2020
2011 “Banking on America: How Main Street Partnership Banks Can Improve Local Economies,” by, 2011
2011 Public Banking in America: State Banking Legislative Guide – by PBI and the Center for State Innovation – Spring 2011
National Postal Banking
2014 “Providing Non-Bank Financial Services for the Underserved” by the US Postal Service, 2014
All Municipalities
2016 The Municipal Bank. Compliance, Liquidity, and Risk – Karl Beitel – Jul 2016
2016 Municipal Banking: An Overview. Financing Socially Just and Sustainable Forms of Urban Development – Karl Beitel – Apr 2016

Regional Reports

International Reports






2011 In May 2011, the Federal Reserve Bank of Boston (FRBB) released a report titled “The Bank of North Dakota: A Model for Massachusetts and Other States?” The report confirms that the Bank of North Dakota (BND) is a prudent, well-managed financial institution that serves in partnership with community banks as an effective economic backstop to credit contractions. The report also shows how the BND has evolved over the years to use its asset base to increasingly inject liquidity into its economy while maintaining conservative lending practices.
2011 The report suggests, however, that forming a state-owned bank is probably not worth the effort in Massachusetts. The Public Banking Institute respectfully disagrees, documented in a written PBI response to the report’s bulleted conclusions.
2011 Report “Introducing the Massachusetts Partnership Bank” by

New Jersey

New Mexico



2020 Philadelphia Public Bank Feasibility Study – for the City of Philadelphia, Sept 2020