Oregon State Bank Discussed at Medford Forum
Rogue Valley IMC • November 23, 2010
Information about a proposed Oregon State Bank, the need for it, and ways to help bring it about, was the focus of one of the work groups at a Community Forum hosted by Oregon Action at the Medford Public Library Monday evening, November 15.
…The group then moved to the main topic: the proposal in the Oregon Legislature to create an Oregon State Bank, modeled after the Bank of North Dakota, and currently the only state-owned bank in the US. The proposed legislation, currently in an Oregon Senate Committee, will get its first hearing in December, according to Peter Buckley. Ivend explained that it would be a banker’s bank, something like the Federal Reserve, but would serve local community banks and credit unions and not Wall Street Banks.
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