In my tri-level Banking and Financial system the Public Banking system is actually private but receives its privilege to create money via loans ONLY from and after the oversight of the sovereign money creating agency. But it is much more efficient than present private finance because it is governed by the ethical rules and nature of the concept of Grace and regulated to return profits over and above payment of employees to the sovereign agency for appropriate use and/or distribution to the individual. Thus it is both more ethical and economic. The “Public” Banking system will be public in the sense that it will ONLY serve the genuine interests of the individuals and commercial interests of the nation.