The State Board of Deposit (BOD), is comprised of Ohio Treasurer 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 monthy basis, designates the depositories of public money—which banks we’re willing to work with
Click here to the Board of Deposit Meeting Minutes.
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
Ohio Treasurer Kevin L. Boyce, Chairman
Auditor of State Mary Taylor
Attorney General Richard Cordray
Cashier of the State Treasury Stacey Cumberlander, Secretary
Upcoming Board Meeting Dates
June 23, 2009
July 30, 2009
August 27, 2009
September 29, 2009
October 27, 2009
November 24, 2009
December 22, 2009
*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.