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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.
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.
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.
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 ...
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the
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The absence of juristic reason is satisfied if a Plaintiff establishes a reason why the benefit ought not be retained, or if the Defendant demonstrates a convincing argument in favour of retention of the property. [30] Remedy for unjust enrichment is frequently an imposition of constructive trust over the property unjustly retained. [30]
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