By Elaine Povich, includes “… advocates for state- or city-run banks say they can do it better by putting the public good ahead of profits. … Unlike commercial banks, the mission of public banks would be to invest in public priorities such as affordable housing, small business loans or infrastructure projects. Most proposed public banks would offer consumers “no fee” banking, including a limit or ban on overdraft fees. The Federal Deposit Insurance Corporation would insure the deposits in public banks and guarantee the financial soundness of the institutions, just as the agency does for commercial banks.”