JFI and Berggruen Institute Release Interactive Tool Exploring Impacts of a Public Bank
New York, NY and Los Angeles, CA — May 25, 2023 — JFI and the Berggruen Institute have released the sixth and final piece in their joint series on public banking in Los Angeles: an interactive Balance Sheet Simulator tool. The simulator enables political leaders, advocates, and members of the public at large to build customized loan portfolios from among eleven programs in the areas of housing, green energy, and financial justice. Using simple math, the tool then simulates the outputs of these programs over a ten-year time horizon, enabling users to assess the real-world impact of public finance in their communities.
Along with the launch of the Balance Sheet Simulator, JFI and the Berggruen Institute have released an updated version of the series’ overview report, which explains how the bank’s proposed lending programs and governance come together and considers different pathways to bank incorporation.
Read the full press release here.
Figure: Sample Portfolio Allocation From the Simulator
From the series:
Municipal Public Banking