Purposes and Functions, First Edition, is published

The Bank has been asked to explain itself.

Purposes and Functions. First Edition. Thirteen sections on the member bank system, the impossibility of withdrawal, and related matters.

It contains no surprises. If you find one, you have misread something.

The document is the Bank's founding instrument. It is published in full, at once, and without a summary.

Section VI divides every revenue event eighty five percent to activated vaults and fifteen percent to the Bank, permanently, and the eighty five arrives without a claim process. Section VII states the Bank's monetary policy for its internal unit, in bold, and the reader is advised that it is not the policy the reader is expecting. Section VIII describes the vault, which accepts deposits and does not process withdrawals. Section IX describes bank failure, under which a member destroys the vault and receives one hundred percent of its contents immediately, with no penalty and no committee.

The Bank publishes its most unusual mechanics ahead of its most flattering ones. That is the practice and it is not under review.

There is no executive summary. A reader who wishes to know what the Bank does is invited to read what the Bank wrote.