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The Ohio Deposit Guarantee Fund (1956 – 1985) was a privately-owned deposit insurer for savings associations chartered in the state of Ohio. It was founded in 1956. [ 1 ] It failed in March 1985 after its reserves were wiped out by the failure of one of its insured institutions.
Bank runs ensued on other institutions insured by the Ohio Deposit Guarantee Fund after it was revealed that the fund had insufficient funds to pay off Home State depositors. [ 2 ] On March 15, 1985, Ohio Governor Dick Celeste declared a three-day banking holiday for the 70 other savings institutions covered by the Ohio Deposit Guarantee Fund.
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability.
The Ohio Department of Taxation provides an online tool on the department's website that allows you to check the status of your income tax refund. You can also call the department's individual ...
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In trust law, a trust instrument (also sometimes called a deed of trust, where executed by way of deed) is an instrument in writing executed by a settlor used to constitute a trust. Trust instruments are generally only used in relation to an inter vivos trust ; testamentary trusts are usually created under a will .
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The Ohio Supreme Court ruled the cost to taxpayers of sending a security detail to Super Bowl 56 with Gov. Mike DeWine to is not public record. Another loss for Ohio: Supreme Court rules DeWine's ...