United States of America
There are many efforts ongoing throughout the United States to establish State and Local Public Banks.
The Public Banking Institute provides data on these efforts and assists with technical & legal advice.
Find out more here: https://publicbankinginstitute.org/local-groups/
In the United States there is presently only one Public Bank, the Bank of North Dakota (BND). Established in 1919, in the last 10 years it has outperformed Wall Street banks with a Return On Equity in excess of 18% about 70% higher than those at Goldman Sachs and J.P. Morgan. It has never had a bank failure, and has provided the residents of North Dakota affordable financing for businesses and student loans, and is always prepared to step up in times of natural catastrophes.
Beating Wall Street at Its Own Game — The Bank of North Dakota Model by Ellen Brown
"North Dakota is staunchly conservative, having voted Republican in every presidential election since Lyndon Johnson in 1964. So how is it that the state boasts the only state-owned bank in the nation? Has it secretly gone socialist?
No. The Bank of North Dakota (BND) operates on the same principles as any capitalist bank, except that its profits and benefits serve the North Dakota public rather than private investors and executives. The BND provides a unique, innovative model, in which public ownership is leveraged to enhance the workings of the private sector. It invests in and supports private enterprise — local businesses, agriculture, and economic development – the core activities of a capitalist system where private property and enterprise are central. Across the country, small businesses are now failing at increasingly high rates, but that’s not true in North Dakota, which was rated by Forbes Magazine the best state in which to start a business in 2024. " Read more here.