Banking your baby’s umbilical cord blood is something you might want to consider.  Since it doesn’t hurt the baby, and the cord blood would be discarded anyway, many experts feel there is no reason not to bank your baby’s cord blood. The question for parents becomes whether to bank the cord blood in a private bank for personal use or in a public bank to help others with serious illnesses or disease. The American Academy of Pediatrics has prepared a Frequently Asked Questions on umbilical cord blood banking to help in you make this important decision.