The New Economy Glossary

← Back to Previous Page

Public Banking

Public banking is banking operated in the public interest, through institutions owned by the people through their representative governments. Public banks can exist at all levels, from local to state to national or even international. With city and state-owned banks, we cut out Wall Street middlemen. Our community’s cash stays home to benefit us! Bank fees are eliminated, interest costs drop, and public bank profits are reinvested into our communities. Source: The Public Banking Institute

More Resources: 

NEC NEWSLETTER

GET THE ROUND-UP

Sign up below to receive our bi-weekly New Economy Roundups highlighting the work of our 200+ members and many other building just and sustainable economies around the world.

A people's economy will be funded by the people! Become a monthly donor to NEC.

X