Revenue Sources for BND

All state funds must be deposited with BND unless specific authority allows for outside investments. Most of BND’s deposits come from the state’s collection of taxes and fees. The balance of the Bank’s deposits come from corporate accounts, North Dakota city and county government entities, and North Dakota financial institutions. Unlike a local bank or credit union, North Dakota residents are a very small part of our deposit base.

This graphic demonstrates how fees and taxes are received and utilized by BND.

BND follows a conservative investment policy, investing in AAA securities backed by the federal government or agencies of the federal government.

BND 101 continued

BND’s Role in the State

BND was established in 1919 as a public-private partnership to support the development of private sector financial institutions and to promote agriculture, commerce, and industry…

Continue Reading BND’s Role in the State

BND’s Relationship with Banks and Credit Unions in North Dakota

North Dakota has more banks per capita than any other state in the country, and BND is a major factor in that impressive statistic. Regardless…

Continue Reading BND’s Relationship with Banks and Credit Unions in North Dakota

BND’s Relationship with the Legislature

BND works closely with the Legislature between and during Legislative Sessions. Legislators are an important group of stakeholders with a unique perspective on the needs…

Continue Reading BND’s Relationship with the Legislature

BND’s Relationship with State Agencies

BND serves as the depository agency and provider of banking services for all state agencies, boards, commissions, and higher education institutions. All state revenues are…

Continue Reading BND’s Relationship with State Agencies

BND Staff Expertise

The Bank serves as a banker’s bank for our state. This means that we are not only a resource for lending funds, but also for…

Continue Reading BND Staff Expertise

Capital Adequacy of BND

Capital adequacy is how much capital or retained profits a bank has available. Banks establish a level of capital to keep in reserve so it can…

Continue Reading Capital Adequacy of BND

Collateral Valuation Services

Before the pandemic, financial institutions in North Dakota approached BND to assist them with collateral valuations. A collateral valuation measures the value of the collateral…

Continue Reading Collateral Valuation Services

Financial Literacy

Gov. Doug Burgum kicked off Financial Literacy Month in April 2024 and shared a new challenge to North Dakota: to become the most financially literate…

Continue Reading Financial Literacy

Financial Management of BND

BND is a bank owned by the state of North Dakota. It differs from other state agencies in that it is expected to generate a…

Continue Reading Financial Management of BND

Revenue Sources for BND

All state funds must be deposited with BND unless specific authority allows for outside investments. Most of BND’s deposits come from the state’s collection of…

Continue Reading Revenue Sources for BND

STAND

Amid growing external market and political pressures critiquing agricultural and fossil fuel practices, the Bank of North Dakota was tasked by the 2023 Legislative Assembly…

Continue Reading STAND