Rule 1301:9-2-08 | Liquidity.
(A) Pursuant to division (C) of section 1733.31 of the Revised Code, the superintendent has permitted insured certificates of deposit with a remaining maturity of one year or less to be included in the calculation of liquidity as additional assets.
(B) Liquidity fund
.
Pursuant to division (C) of section 1733.31 of the Revised Code, all credit unions must maintain, as a minimum, a liquidity fund equal to five per cent of its shares. Nothing herein shall prevent the superintendent from requiring a particular credit union or all credit unions to establish a liquidity fund greater than or less than five per cent of total shares unless the superintendent establishes a greater or less amount for particular credit unions or all credit unions. A credit union may request in writing that the superintendent waive this requirement.
Supplemental Information