On Tuesday, February 27, 2024, from 4:30 to 5:00 PM ET, Philadelphia Public Banking Coalition (PPBC) will present a program and interactive discussion about their recent proposal for the City Pension Fund to invest 2% of its portfolio ($168 million) in an asset class for local Economically Targeted Investments (ETIs). The general public is invited to participate on Zoom. Members ..read more

(PBI will do a follow-up on this NJ report release for our next newsletter.) On Tuesday, Feb 6, the New Jersey Public Bank Implementation Board submitted its final recommendations to Governor Phil Murphy. The Public Bank Implementation Board unanimously approved the report on January 30. [Read full report ..read more

Representatives Rashida Tlaib and Alexandria Ocasio-Cortez revived The Public Banking Act federal legislation by reintroducing it December 13, 2023. CommonDreams reports from Rep. Tlaib’s press release: “If passed as written, the Public Banking Act of 2023 would: Provide federal charters for public banks; Provide public banks a pathway to membership at the Federal Reserve, allowing public banks ..read more

In two recent articles, PBI Co-Chair Ellen Brown examines the current derivatives threat in the wake of a conjectured “black swan event” and proposes some solutions: Part 1: Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’? “In the event of a cyberattack that destroys the records of banks and brokers, there could be ..read more

Our 2023 Annual Report is now available on our website. In it we review significant accomplishments the public banking movement made last year, among them: Fully 76% of states now have a local public banking group or a candidate with a public bank platform. A dozen municipal and state legislative initiatives were introduced and pursued in 2023 ..read more

From the event website: May 18th is the 110th anniversary of the Federal Reserve Banks and of Congress ceding the power to create money to commercial banks. In 2024, we change the narrative of money back to a focus on people and our planetary and societal needs. Join the movement for #JustMoney and come support ..read more

PBI’s Board is delighted to announce we have two new members, Joshua Hall and Peter Winslow, and a new Advisory Board member, Tim Canova. And long-time PBI Senior Advisor and former Chair Walt McRee becomes Co-Chair alongside Ellen Brown. See our website for full bios of our new Board members and new Advisory Board member ..read more

Thank you to all who have made generous gifts and put your energy behind this movement to build public banks created in the public interest. There’s still time to contribute to the fund drive. Every gift helps to demonstrate to larger funders that PBI has enthusiastic support. It’s not too late to invest in our … Thank you for helping us exceed our matching challenge goal! Read More ..read more

The year-end matching challenge fund drive is within sight of its first goal thanks to recent substantial donations! We’re overwhelmingly grateful. Can you help today by investing in our movement to build public banks nationwide to support the thriving communities we all want and deserve? As we look ahead, we see the critical need to build … Our first challenge goal is just a short step away! Your gift could be the contribution that shifts it to the next level Read More ..read more

Nelson Betancourt and Eli LaSalle, advocates and organizers with Public Bank Orange County (PBOC), set up a public banking advocacy table and booth at a recent VegFest in Orlando on October 28 to inform attendees of recent public banking developments and sign up new Friends of Public Banking in Orange County, Florida. (Banners and tri-fold brochures used … Advocates from Public Bank Orange County spread the word at a recent festival prior to the third meeting of Orange County’s Creation of a Public Bank Committee Read More ..read more