Solari Report Spotlight: The Case for a State Bank of Florida (SBFL)
By Richard A. Werner, MA, D.Phil. (Oxon) Executive Summary This document presents to state legislators in Florida the case for setting up a State Bank of Florida (SBFL). SBFL would act as a second-tier bank, interposed between the Federal Reserve Bank of Atlanta (FRBA) and the Florida State Government (FSG) on the one hand, and small banks (community banks, credit unions, etc.) operating in Florida on the other. The goal of SBFL is not to compete with small banks for loan and deposit market...
