Bank of Pluribus Unum

Bank of Pluribus

One of the official federal licenced banks to issue UCU. The bank has no private component, and it is very closely monitored by both the Union Finance and Commerce council and the Assembly. All business records are public records and can be accessed by any Union Citizen. An annual business report is delivered to the Assembly. This report is also part of the documents all union citizens receive. The bank stores the equivalent of all UCU issued by the bank in form of Iridium, Polonium, Germanium, Paladium for the Union. The Trade unit exchange standard usually does not involve the circulation of physical trade units. The main feature of the trade units exchange standard is that the government guarantees a fixed exchange rate to the currency of societies  that uses the trade units standard, regardless of what type of notes or coins are used as a means of exchange. This creates a de facto trade unit standard, where the value of the means of exchange has a fixed external value in terms of trade units that is independent of the inherent value of the means of exchange itself. There are five metals that are re deemed universally useful and thus valuable to a space faring society. (Up to TL 11)

This is the largest officially federal licenced bank and under the direct auspice and control of the Union and Finance council. However it is not the largest financial institution in terms of business services of the Union.(Bank of Saran) It has a branch in every Union Office. It handles the financial business of the Union.Collecting citizen contributions, taxes, fines. Maintaining the accounts of all Union branches.Including the military. It is also suoervised by two AIs: Mamon and Fortuna.