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

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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.

Five Year Review (FYR) Dates: 9/10/2018 and 09/08/2023
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, 3/22/12

Prior History: (Effective: 03/22/2012
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 )