Process for Serving as a Depository of Public Funds with the State of Ohio

As Chairman of the Ohio Board of Deposit, Ohio Treasurer of State Kevin L. Boyce encourages financial institutions to submit applications to accept public moneys, including active and interim deposits, during the 2010-2012 biennium. Follow this link to begin the process of becoming a depository of public funds. The forms and documents necessary to serve as a depository of public funds are listed below.

Click on the title to obtain the document, form or link.

Depository Application/Agreement for Deposit of Public Funds
Financial institutions should complete this application/agreement during the 2010-2012 biennium to become eligible for deposit of public funds.

Trustee Agreement
Financial institutions should complete this agreement for securities held as collateral by an eligible trustee.  This agreement is between the financial institution, the trustee and the Ohio Treasurer.

Note: Eligible trustees can be obtained from the Ohio Department of Commerce, Division of Financial Institutions.

FHLB Trustee Agreement
Financial institutions should complete this agreement for securities held as collateral by the Federal Home Loan Bank of Cincinnati (FHLB).  This agreement is between the financial institution, the FHLB as trustee and the Ohio Treasurer.

Declaration Regarding Material Assistance/Non-Assistance to a Terrorist Organization
Financial institutions should complete this agreement for securities held as collateral by the Federal Home Loan Bank of Cincinnati (FHLB).  This agreement is between the financial institution, the FHLB as trustee and the Ohio Treasurer.

Collateralizing Treasurer of State Deposits
View this site for the policy on collateralizing state treasury deposits.

Treasurer of State Depository Bond
View the form for submitting depository bonds for collateralizing state treasury deposits.

List of Ohio Depository Banks
View the list and Web sites of depository banks eligible to accept state treasury deposits.

Release/Substitution of Collateral Instructions
View the procedures for submitting the Request for Release/Substitution of Collateral form.

Request for Release/Substitution of Collateral
Financial institutions should complete this form when requesting approval from the Ohio Treasurer of State for release of securities pledged as collateral.

Trustee Pledge Confirmation
Trustees use this form to send verification of pledged securities to the Ohio Treasurer of State.

Trustee Release Confirmation
Trustees use this form to send verification of released securities to the Ohio Treasurer of State.

Collateral Resources for Ohio's Public Funds Managers
This link shows various Web sites for governmental and financial information.