{"id":11254,"date":"2024-03-21T09:00:51","date_gmt":"2024-03-21T09:00:51","guid":{"rendered":"https:\/\/gfk-cfs.de\/?p=11254"},"modified":"2024-05-07T08:22:42","modified_gmt":"2024-05-07T08:22:42","slug":"the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota","status":"publish","type":"post","link":"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/","title":{"rendered":"The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota"},"content":{"rendered":"<p>&#8211; in cooperation with the House of Finance and the Institute for Banking and Finance e. V.<\/p>\n<p>Interest in creating state banks in the United States has increased dramatically in recent years. Six states have recently introduced legislation to start a state bank. An important development in favor of a state bank is the long (100+ years) and impressive record of the only state bank in the United States, the Bank of North Dakota (BND).<\/p>\n<p>To better understand BND\u2019s success and the possibilities for a successful state bank in the United States, this paper compares the financial performance of the BND to that of national commercial banks. Claims by the BND as to the sources of their success (low-cost deposits and lending acuity) are evaluated and rejected by the data. Other factors are identified that fully explain the BND\u2019s abnormal profitability. There is no \u2018secret sauce,\u2019 and the BND does not provide support for a special role for a state bank.<\/p>\n<p>Moderation: Prof. Dr. Rainer Klump, Director CFS and House of Finance, Goethe University Frankfurt<\/p>\n<p><em>The event will take place at the House of Finance, Goethe University Frankfurt.<br \/>\n<\/em><\/p>\n<p><img decoding=\"async\" class=\"\" src=\"https:\/\/gfk-cfs.de\/media\/Foto-Chirinko-06.05._1-scaled.jpg\" width=\"340\" height=\"242\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; in cooperation with the House of Finance and the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[163],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota - Center for Financial Studies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota - Center for Financial Studies\" \/>\n<meta property=\"og:description\" content=\"&#8211; in cooperation with the House of Finance and the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/\" \/>\n<meta property=\"og:site_name\" content=\"Center for Financial Studies\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T09:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-07T08:22:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gfk-cfs.de\/media\/Foto-Chirinko-06.05._1-scaled.jpg\" \/>\n<meta name=\"author\" content=\"Ulrike Furchheim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ulrike Furchheim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/\",\"url\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/\",\"name\":\"The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota - Center for Financial Studies\",\"isPartOf\":{\"@id\":\"https:\/\/gfk-cfs.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/gfk-cfs.de\/media\/Foto-Chirinko-06.05._1-scaled.jpg\",\"datePublished\":\"2024-03-21T09:00:51+00:00\",\"dateModified\":\"2024-05-07T08:22:42+00:00\",\"author\":{\"@id\":\"https:\/\/gfk-cfs.de\/en\/#\/schema\/person\/f0882e1135c0d5e2334dc6dec2de9f9c\"},\"breadcrumb\":{\"@id\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/#primaryimage\",\"url\":\"https:\/\/gfk-cfs.de\/media\/Foto-Chirinko-06.05._1-scaled.jpg\",\"contentUrl\":\"https:\/\/gfk-cfs.de\/media\/Foto-Chirinko-06.05._1-scaled.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/gfk-cfs.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gfk-cfs.de\/en\/#website\",\"url\":\"https:\/\/gfk-cfs.de\/en\/\",\"name\":\"Center for Financial Studies\",\"description\":\"unabh\u00e4ngige Forschung in wichtigen Bereichen der Finanzen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gfk-cfs.de\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/gfk-cfs.de\/en\/#\/schema\/person\/f0882e1135c0d5e2334dc6dec2de9f9c\",\"name\":\"Ulrike Furchheim\",\"url\":\"https:\/\/gfk-cfs.de\/en\/author\/furchheim\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota - Center for Financial Studies","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gfk-cfs.de\/en\/events\/event-archive\/2024\/the-secret-sauce-understanding-the-success-of-the-state-bank-of-north-dakota\/","og_locale":"en_US","og_type":"article","og_title":"The \u2018Secret Sauce\u2019?: Understanding The Success Of The State Bank Of North Dakota - Center for Financial Studies","og_description":"&#8211; 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