(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.
R.C. 119.032 review dates: 12/29/2011 and 03/22/2017
Promulgated Under: 119.03
Statutory Authority: 1733.41
Rule Amplifies: 1733.31
Prior Effective Dates: 3/25/76, 5/6/77, 9/1/79, 2/11/88, 7/1/06