Bureau 3: Economic
The Economic Bureau is the third of 8 agencies in the community. The bureau is comprised of the Community Bank (agency 7), the Capital Bank (agency 8), and the Commercial Bank (agency 9).
The bureau is a primary part of the community’s economic infrastructure (the econosystem), which receives limited partners’ investment and savings, and leverages these funds to ensure the highest possible return, access to capital, and sustainable prosperity for all.
Duties of Economic Bureau Agencies
The duties of the three agencies can be summarized as follows:
| Community Bank Agency | Capital Bank Agency | Commercial Bank Agency |
|---|---|---|
| Provides participants with personal banking services | Receives and invests limited partners’ interest in community agencies | Provides banking services to agencies in the third column, and participants’ businesses |
| Provides banking services and loans to agencies in the first column | Provides banking services and loans to agencies in the second column | Provides loans to agencies in the third column, including for factoring services offered by the Business Operations Agency |
| Develops and runs mirrored storehouse | Builds and runs stadium in the storehouse | Builds and runs the mall in the storehouse |
Shared responsibilities of agencies in the bureau
Efficiency of the economic system – When limited partners enter the community, they invest a minimum of $20,000. They also deposit their savings into the bank agencies. These funds are a critical source of capital for community agencies as they work to provide participants with the necessary services. The Economic Bureau ensures that the resources are efficiently used, by proper vetting of the agencies they issue loans or, in the case of the Capital Bank, invest funds, to ensure they are intended for the most productive aims.
Access to capital – One of the most important aspects of the economic system is that the community is the capitalist. Individual ownership of property, and therefore, the opportunity to inefficiently distribute or hoard capital is absent. In its place, the community owns all property. Various agencies are tasked with providing participants with housing, tools for economic production, and social amenities. The Economic Bureau, through its investments and loans by the agencies, as well as its operation of the storehouse, ensures that all have the help they need to live and work.
Public servants and organization
Each agency in the Economic Bureau is served by a four-member executive presidency. Each president represents and serves a specific demographic: married men (A), married women (B), single women (C), and single men (D). The presidencies serving the three agencies come together to form the Economic Bureau Board, a 12-member body that advises individual presidents and presidencies and acts as an additional check and balance beyond the presidencies.
Additionally, each president belongs to a demographic presidency. Three presidents who serve the same demographic on a board form a demographic presidency, which helps in articulating issues that cut across the board and are specific to the demographic.
Executive presidencies set strategy and draw up operating policies. They also set up and monitor their respective agencies’ automated systems.
| Demographic presidency A | Demographic presidency B | Demographic presidency C | Demographic presidency D | |
|---|---|---|---|---|
| Executive presidency, Community Bank (agency 7) | 7A | 7B | 7C | 7D |
| Executive presidency, Capital Bank (agency 8) | 8A | 8B | 8C | 8D |
| Executive presidency, Commercial Bank (agency 9) | 9A | 9B | 9C | 9D |
Agencies in the Economic Bureau do not have operational presidencies. Branch presidencies instead act as an interface between participants and the agencies, in instances where the automated system is unable to help.