The State Board of Deposit (BOD), is comprised of Treasurer of State Kevin L. Boyce, Auditor of State Mary Taylor, Attorney General Richard Cordray, and Cashier of the State Treasury Stacey Cumberlander. The board, who meets on a monthly basis, designates the depositories of public money.
Ohio Board of Deposit Designation and RFPs
Depository Application/Agreements, click here
2010 Designation - Calendar of Events
| January 4 - 5 |
Release of RFP for Active Deposits and FTD. January 4 release of Depository Agreements for Interim Deposits. January 5 release of RFP for Active Deposits and FTD. |
| January 25 |
Final submission deadline for inquiries |
| January 27 |
Responses to RFP inquiries due |
| February 16 |
Due date for sealed Banking Services and FTD RFP responses (due by 3:00 PM) |
| February 16 |
Due date for renewal of Application/Agreement for Deposit of Public Funds |
| April 29 |
Board of Deposit Designation Meeting |
| July 5 |
Beginning date of public depository designations |
Purpose of the Board of Deposit
The role of the State Board of Deposit (BOD) is to designate the depositories of the public moneys of the state and implement the Uniform Depository Act as it applies to the state.
Agency Goals
Determine eligibility and designate financial institutions and banks to function as public depositories. Regulate the deposits of state money into these institutions.
Board of Deposit Members
Treasurer of State Kevin L. Boyce, Chairman
Auditor of State Mary Taylor
Attorney General Richard Cordray
Cashier of the State Treasury Stacey Cumberlander, Secretary
Click here to the Board of Deposit Meeting Minutes
Upcoming Board Meeting Dates
December 22, 2009
January 26, 2010 (this meeting will be begin at 11am)
February 25, 2010
March 15, 2010
April 29, 2010
May 27, 2010
June 24, 2010
July 29, 2010
August 26, 2010
September 28, 2010
October 28, 2010
November 30, 2010
December 23, 2010
*All meetings will be held at 10:00 a.m. in the Treasurer's office.
Ohio Administrative and Revised Code References
135.01 Definitions.
135.02 State Board of Deposit.
135.03 Financial Institutions eligible for deposits; limit.
135.04 Eligibility for certain deposits; warrant clearance accounts; minority banks.
135.06 Application of inactive deposits.
135.07 Award of inactive deposits; preference based on interest rate.
135.08 Application of interim deposits.
135.09 Award of interim deposits.
135.12 Biennial designation of depositories; additional subdivision depositories.