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The state of North Dakota has its own bank, the only state that has one. It provides services to citizens of the state such as home, farm and student loans. It
by donarb 8y ago
The state of North Dakota has its own bank, the only state that has one. It provides services to citizens of the state such as home, farm and student loans. It also is the bank of the state government, all state tax revenues are deposited there. It was formed in 1919 as a way to allow farmers to get low cost loans.
https://en.wikipedia.org/wiki/Bank_of_North_Dakota https://en.wikipedia.org/wiki/Bank_of_North_Dakota
- Slansitartop 8y agoThis new American Samoan bank is explicitly modeled after the Bank of North Dakota, and the OP goes quite a bit into its benefits.
- 8bitsrule 8y agoAnd, partly as a result, NoDak sailed through the recent recession pretty much scar-free. As a result of legislation by the Nonpartisan League. https://en.wikipedia.org/wiki/Nonpartisan_League https://en.wikipedia.org/wiki/Nonpartisan_League As that article puts it: "On behalf of small farmers and merchants, the Nonpartisan League advocated state control of mills, grain elevators, banks and other farm-related industries in order to reduce the power of corporate political interests" Oh my.