publicbankeastbay.org

PublicBankEastBay.org

https://revealnews.org/podcast/the-red-line-racial-disparities-in-lending-2/

Gracias Val for that wonderful speed primer on Public Banks! Greatly appreciated!

Thank you, David, especially for making time during those crucial closing arguments!

Thank you, David, for your leadership in this and all things for our communities and families.

Sorry I need to run, but if anyone has followup questions, my policy director Rebekah Krell is on this call, and we can get answers after this session. Appreciate everyone's engagement on this!

So wonderful to see you on this call, Eric! I'm a North Dakotan - Watford City and Fort Berthold. My grandparents were NPLers. My student loan - University of ND - was thro the Bank of ND. Grateful for this community asset! Has helped my agrarian family for five generations.

Thanks so much for sharing!

Also, PublicBankEastBay.org

I see this as a cause that might spark conservative-progressive alliances. Is that naive, or have you all seen some of that?

I agree Julie!

The purpose of the Public Bank is to close the loop so that more public funds stay in the community. In that regard, Public Banks are apolitical.

@JulieBoudreau, absolutely. We just need to get over some of the knee-jerk polarization that arises.

During lobbying for AB 857 we tried hard to appeal to conservatives, and couldn’t get any traction. We see many ways that public banks can ally with conservatives, and we continue to reach out to them. We can also use any suggestions you have!

I always joke that the only Public Bank in the country is in the great progressive state of North Dakota

I have heard that public banking was attempted in other states, around the same time that the BND started, but that they did not stay in existence. I am unaware of any studies about this movement, and why the BND succeeded and other state banks failed.

https://www.publicbankeastbay.org

publicbankeastbay@gmail.com

The knee-jerk polarization is discouraging. I’m from the agricultural CA Central Valley and wonder what it might be like to reach out to independent farmers.

Independent farmers, especially farmers of color, are a group we would love to connect with (primarily in the East Bay for our initiative, but throughout California for the movement). Julie, we welcome suggestions and approaches: publicbankeastbay@gmail.com

Thanks!

Kurtis, as a North Dakotan living in the Bay Area I get the sarcasm. It is a very red state but is fiercely local. Here's a recent story demonstrating this. Sarah Vogel is a hero in the state. I encourage everyone to read her book - The Farmer's Daughter - The ND Nine and the Fight to Save the Family Farm. https://www.agweek.com/news/policy/sarah-vogel-says-north-dakota-attorney-general-didnt-see-documents-on-bill-gates-land-deal

I unfortunately have to jump off for another meeting but look forward to watching the recording later. Great presentation!

Thank you for organizing this session; I have learned so much.I am curious and maybe confused about one element, regarding how public banks might interact or compete with CDFIs. If public banks are lending for affordable housing, does that not potentially take business away from those nonprofit lenders? Or would public banks be making loans that CDFIs don't have the financial capacity or willingness to make, e.g., by taking more risk or being a stronger equitable lens to lending?

Thank you Fred for supporting the beginning of Kiva Oakland for economic racial equity justice as well, you were instrumental on that front too!

I can answer that in the chat, or George S. should be able to answer as a speaker.

Don think about public bank as wholesale v CDFI as retail

Yes, Fred, we say public banks are wholesale, or function toward local financial institutions the way the Federal Reserve does.

Thank you!

The Governance will help with this.

In SF we built child care centers using community development loans that we subsidized with GF, structured to meet certain requirements. Could you speak a little more about loan products or strategies to finance projects that typically don't "pencil out"? Also, has their been discussion regarding child care as a small business?

https://publicbankeastbay.org/boardapplicants

We have spoken with coops and Land Trusts and would build produvts that would address their needs.

loan guarantees, collateralization and interest rate subsidization are a couple of avenues to reduce costs, and increase the viability of projects

+1 Brian McKeowan. This is not a small point or minor issue.

We also plan to create an Academy to help with Financial literacy foor the community and our community Bank Board members and th Board memb ers who are not familiar with working with Community.

Thank you Debbie and Val.

https://www.publicbankeastbay.org

I agree with you Val on reaching across the aisle--the agrarian roots of ND's public bank gives hope that we can head in the same direction

Love that!

Thank you everyone for today's terrific conversation and insight into what Public Bank East Bay means for our community!

One particular talking point that we've found appeals to folks on both sides of the aisle is that a public bank helps increase public revenue WITHOUT increasing taxes

Thank you everyone!

Thanks Everyone!!

Great presentation!

Thank you all!