PUBLIC BANKING WORKS

Public Banking Works is ...

​The founders of Commonomics USA also helped found the Public Banking Institute. We provide public policy expertise on public banking, postal banking, cooperative economics, and other matters involving public finance. Our projects include the Cost of Wall Street GIS Mapping Project, Public Banking Workshops, and the Campaign for Postal Banking.

Campaign Overview

The Public Banking Works campaign is primarily focused on California and includes the charter cities of Oakland and Santa Rosa. Resolving the lack of banking services provided to the cannabis industry is a priority, as is ensuring that affordable credit is extended to small businesses, students and infrastructure projects. 

Educational Memo on Cannabis

Oakland City Council

Read about the historical legal status of public banks and how their protected status may impact the issue involving lack of banking services provided to cannabis businesses in California. Now includes FAQ.
NCPB_Memo_FAQ (1).pdf
click to download
Read about our response to the discussion of public banking at California Treasurer John Chiang's Cannabis Banking Working Group.
CannBankWorkGroupPublicBankingPOSTEDIT.pdf
click to download

North Coast Public Banking Working Group

Hello! Welcome to the North Coast Public Banking Working Group. We meet by conference call on 1/27, 2/24, 3/24, 4/28, 5/26, and 6/23. In-person meetings are at noon PST at the Arlene Francis Center at 99 6th St in Santa Rosa. and are held the third Friday of every month.
Oakland City Council unanimously passed Councilmember Kaplan’s Resolution calling for the City Administrator to look into the process of establishing a public bank for the City of Oakland.

Please click here to read the Resolution and accompanying Memo

REQUEST THE FEASIBILITY STUDY PROPOSAL BY SENDING AN EMAIL TO INFO@COMMONOMICSUSA.ORG

​The Resolution, co-sponsored by Councilmembers Kaplan, Kalb, and Guillen, directs the City Administrator to look into the scope and cost of conducting a feasibility study for public banking in Oakland and possibly the larger region. It also directs City Staff to solicit input from community stakeholders about the feasibility study, including suggestions of potential contractors and funding sources; and makes it clear that the study should cover the legality and feasibility of banking the cannabis industry.

​Public Banking Action Corner:

Please Click, Sign & Share!

Feb 23, 2017
RT @commonomicsUSA: Read an except from @commonomicsUSA Exec. Dir. Ma'ikwe Ludwig's new book on #climatechange & cooperative economics. htt…
Feb 23, 2017
RT @commonomicsUSA: @commonomicsUSA policy director Matt Stannard's brief message on Spicer's remarks today on marijuana: t.co/…
Feb 18, 2017
More coverage of the growing movement for #publicbanking in Oakland-- t.co/…
Feb 14, 2017
How does #publicbanking measure up? Infrastructure funding. Public banks fund big projects, cut interest rates nearly in half.
Feb 14, 2017
How does #publicbanking measure up? Public transportation funding. Public banks fund big projects, cut interest rates nearly in half.