This is an exchange rate addendum to a requirements agreement. It discusses the exchange rate and provides details on the way certain foreign currencies will be established.
North Dakota Exchange Rate Addendum
Category:
State:
Multi-State
Control #:
US-TC0615
Format:
Word;
PDF;
Rich Text
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How to fill out Exchange Rate Addendum?
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FAQ
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.
Because of our unique structure as a state-owned bank, it is the Bank's policy not to compete with the private sector for retail deposits. Therefore, convenience products such as debit cards, credit cards or online bill pay are not offered. BND has one location at 1200 Memorial Highway in Bismarck, North Dakota.
Bank of North Dakota is one ?socialist? legacy of the NPL movement. Important to note however, the farmers of North Dakota were pragmatists, not socialists, and they embraced whatever they thought would actually improve conditions in the farm economy.
FUND MISSION The legacy fund was created, in part, due to the recognition that state revenue from the oil and gas industry will be derived over a finite timeframe. The legacy fund defers the recognition of 30 percent of this revenue for the benefit of future generations.
You must be a resident of North Dakota in order to open a checking or savings account. For proof of ND residency, an individual must have a North Dakota driver's license or North Dakota government-issued photo identification card, and a physical address in North Dakota.
Standard & Poor's (S&P) affirmed Bank of North Dakota's (BND) credit rating as A+/Stable in its annual review released on October 27, 2022.
? The state-owned Bank of North Dakota (BND) reported total record assets of $10.2 billion at year-end 2022. The growth enabled the Bank to increase its loan portfolio to a record $5.4 billion in loans to the state's farmers and ranchers, business owners and students in North Dakota.