News

Momentum builds for a city-run bank as supervisors encourage starry-eyed thinking that could divest $11 billion annual budget away from Wall Street and to local issues.

Questions remain as Treasurer’s Public Bank Task Force comes to a close

September 23, 2018

Seven months after convening the Municipal Public Bank Task Force and after, presumably, seven months of research, public bank advocates expected Treasurer Jose Cisneros’s office to present a full draft of a long-anticipated report at the last Task Force Meeting. The Treasurer, instead, had only a draft of a Executive Summary to show the public and task force members. Too many questions remain unanswered by the task force as it comes to a close in just 42 days.

Could San Francisco Open a Public Bank?

July 26, 2018

In the midst of the Occupy movement’s righteous anger toward big banks and their role in the Great Recession, activists floated an idea: What if state-owned banks managed public funds, like San Francisco’s $11 billion annual budget, themselves? Advocates say public money could be invested in affordable housing, clean energy, and small businesses. Cities could fund student loans at affordable rates, instead of immigrant detention centers, oil pipelines, and other institutions San Franciscans inherently oppose. A public bank has practical applications too, like saving millions of taxpayer dollars in fees spent on financial services.

News

San Francisco Public Bank Supporters Release Poll Indicating Strong Public Mandate to Start SF Public Bank

Press Release: New Poll Shows 2/3rds of SF Voters Want to Start a Public Bank

New Poll Shows Resounding Support For Public Bank In San Francisco

What's Next for San Francisco's Public Bank Plan

San Francisco Green-Lights Nation's First City-Run Public Bank

San Francisco Given Go-Ahead to Start Creating Nation's First Municipal Public Bank

Proposed SF Public Bank gets first review by supervisors

SF Public Bank inches closer to city approval

SF's Public Bank plan set to go before Board of Supervisors

A Public Bank for San Francisco is Moving Forward

California could soon have its own public banking service, under AB1177 signed by Gavin Newsom

The Public Bank Alternative: A new push to remake the American financial system

AB 1177 PASSES FINAL HURDLE IN CA. SENATE!

Group of Experts Devising Business Plan for SF Public Bank

We Need Public Banking ​

Press Release for Reinvest SF Working Group

A Huge Victory for Public Banking in SF

Gran victoria para la banca pública en SF

Supervisors Approve A Public Bank For San Francisco

Plans for a public bank could take a big step forward this week

SF draws closer to a public bank with widely supported reinvestment ordinance

San Francisco se aproxima a tener un banco público

SF Poised to Work on Blueprint for Creating a Public Bank

City Moves Toward Creating First Municipal Bank

Supe proposes working group to develop business plan for SF public bank

San Francisco moves closer to creating nation’s first city-owned public bank

SF supe introduces legislation to create first city-run ‘public bank’

A public bank could make affordable housing more affordable

The Organizers and Officials Behind San Francisco’s Push for a Public Bank

Proposed Legislation Sets Timeline for S.F. Public Bank

How a Public Bank Could Free S.F.'s Money from Wall Street

Supervisors Endorse ‘Bold’ Public Bank Plan

Questions remain as Treasurer’s Public Bank Task Force comes to a close

Could San Francisco Open a Public Bank?

We Need Public Banking