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History of Public Banking

1787 | Constitution Signed

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

1919 | Public Bank of North Dakota

In 1919, the state legislature established Bank of North Dakota (BND) and the North Dakota Mill and Elevator Association. BND opened July 28, 1919, with $2 million of capital. https://bnd.nd.gov/

2008 | Public Banking Institute

After realizing the Bank of North Dakota was fostering real economic development and consistently meeting the needs of students, small businesses, community banks, disaster relief, and long term government infrastructure planning, attorney Ellen Brown founded Public Banking Institute. https://www.publicbankinginstitute.org/