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View Diary: New Bank Fee-for-All: Truly Despicable Charges (111 comments)

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  •  Yes, the State of North Dakota owns a bank (7+ / 0-)

    Accoding to this statist propaganda:

    Bank of North Dakota: About BND

    Deposit Base

    In contrast to most commercial banks, Bank of North Dakota (BND) is not a member of the Federal Deposit Insurance Corporation (FDIC). North Dakota Century Code 6-09-10 provides that all BND deposits are guaranteed by the full faith and credit of the State of North Dakota.

    The deposit base of BND is unique. Its primary deposit base is the State of North Dakota. All state funds and funds of state institutions are deposited with Bank of North Dakota, as required by law. Other deposits are accepted from any source, private citizens to the U.S. government.

    Policy and Governance

    The state Industrial Commission oversees Bank of North Dakota, as mandated by the 1919 state legislature. Members of the Industrial Commission are the Governor, who acts as chairman, the Attorney General and the Commissioner of Agriculture of the State of North Dakota.

    The Bank also has a seven-member Advisory Board appointed by the Governor. The members are knowledgeable in banking and finance. The Advisory Board reviews the Bank's operations and makes recommendations to the Industrial Commission relating to the Bank's management, services, policies and procedures.

    Why is there a Confederate Flag flying in Afghanistan?

    by chimpy on Fri Nov 11, 2011 at 03:21:32 PM PST

    [ Parent ]

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