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Home State Savings Bank
Home State Savings Bank was a Cincinnati, Ohio based savings and loan. Its failure in March 1985 led to a bank holiday for 70 other savings institutions that were insured by the Ohio Deposit Guarantee Fund, a private organization. Background Home State Savings Bank was the largest savings institution in Ohio, with $1.4 billion in assets. It was owned by Marvin L. Warner, a local real estate developer and investor. He bought the bank in 1958. Warner had been a part owner of the New York Yankees and the Tampa Bay Buccaneers in the 1970s, and was the original owner of the United States Football League Birmingham Stallions. Warner was also a substantial political donor, and had been appointed as the United States ambassador to Switzerland in 1977 by President Jimmy Carter. Downfall ESM Government Securities, Inc. of Fort Lauderdale, Florida, was a securities brokerage firm specializing in term repurchase agreements and reverse repurchase agreements. The company was shut dow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cincinnati, Ohio
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio's largest metropolitan area and the nation's 30th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Throughout much of the 19th century, it was among the top 10 U.S. cities by population, surpassed only by New Orleans and the older, established settlements of the United States eastern seaboard, as well as being the sixth-most populous city from 1840 until 1860. As a river town crossroads at the junction of the North, South, East, and West, Cincinnati developed with fewer immigrants and less influence from Europ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homestead Exemption In Florida
The homestead exemption in Florida may refer to three different types of homestead exemptions under Florida law: # exemption from forced sale before and at death per Art. X, Section 4(a)-(b) of the Florida Constitution # restrictions on and , Art. X, Section 4(c) o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ocala, Florida
Ocala ( ) is a city in and the county seat of Marion County within the northern region of Florida, United States. As of the 2020 United States Census, the city's population was 63,591, making it the 54th most populated city in Florida. Home to over 400 thoroughbred farms and training centers, Ocala was officially named the Horse Capital of the World in 2007. Notable attractions include the Ocala National Forest, Silver Springs State Park, Rainbow Springs State Park, and the College of Central Florida. Ocala is the principal city of the Ocala, Florida Metropolitan Statistical Area, which had an estimated 2017 population of 354,353. History Ocala is located near what is thought to have been the site of '' Ocale'' or Ocali, a major Timucua village and chiefdom recorded in the 16th century. The modern city takes its name from the historical village, the name of which is believed to mean "Big Hammock" in the Timucua language. The Spaniard Hernando de Soto's expedition reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Court Savings And Loans
Old Court Savings and Loan (Old Court Thrift Savings) was a savings and loan association headquartered in Pikesville, Maryland, United States, that failed due to embezzlement by its president Jeffrey Levitt, which led to the failure of the state deposit insurance corporation. Collapse of state deposit insurance corporation In 1962 Maryland established a quasi-public non-profit corporation, the Maryland Savings-Share Insurance Corporation (MSSIC), to insure accounts held in state chartered savings and loan associations. In May 1985, rumors emerged of financial instability at two thrifts, Old Court and Merritt Commercial Savings and Loan. Old Court had recently grown from $86 million in deposits to $839 million in only three years by offering high deposit interest rates, allowing it to make risky loans. Merritt was considered to be at risk as a result of loans made to a failed repo company. The rumours led to depositors questioning whether MSSIC was financially able to guarantee all o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maryland
Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to its east. Baltimore is the largest city in the state, and the capital is Annapolis, Maryland, Annapolis. Among its occasional nicknames are ''Maryland 400, Old Line State'', the ''Free State'', and the ''Chesapeake Bay State''. It is named after Henrietta Maria, the French-born queen of England, Scotland, and Ireland, who was known then in England as Mary. Before its coastline was explored by Europeans in the 16th century, Maryland was inhabited by several groups of Native Americans – mostly by Algonquian peoples and, to a lesser degree, Iroquoian peoples, Iroquoian and Siouan languages, Siouan. As one of the original Thirteen Colonies of England, Maryland was founded by George Calvert, 1st Baron Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Financial Group
American Financial Group, Inc. is an American financial services holding company based in Cincinnati, Ohio. Its primary businesses are insurance and investments. Lines of business American Financial Group's major insurance division operates as the ''Great American Insurance Company'', founded in 1872, and focuses on property and casualty insurance services. Other affiliates and subsidiaries include Great American Custom, Mid-Continent Group, National Interstate, and Republic Indemnity. Additional insurance specialties include (but are not limited to) equine, trucking, executive liability, fidelity and crime, and agribusiness. ''Great American Financial Resources'' is a wholly owned subsidiary of American Financial Group and supplies a range of annuities, life insurance products and supplemental insurances to individuals and enterprises. The parent company, AFG, is owned principally by the family of financier Carl Lindner, Jr., who bought the company in 1973 and served as its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Savings And Loan Insurance Corporation
The Federal Savings and Loan Insurance Corporation (FSLIC) was an institution that administered deposit insurance for savings and loan institutions in the United States. History Establishment The FSLIC was established by the National Housing Act of 1934, which was signed into law by President Franklin D. Roosevelt on June 27, 1934. Upon the creation of the FSLIC, it was assigned a capital stock of $100,000,000. All federal savings and loan associations were required to apply for insurance through the FSLIC; other building and loan associations whose capital was not impaired were also allowed to apply. The FSLIC was given certain regulatory powers over insured institutions, requiring each institution to accumulate reserves over several years. FSLIC assessed an annual insurance premium, which was calculated as 0.25% of the total amount of all accounts of insured shareholders or members, plus any creditor obligations. The FSLIC would suspend insurance premiums whenever the FSLIC's r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dick Celeste
Richard Frank Celeste (born November 11, 1937) is an American former diplomat, university administrator and politician from Ohio. A member of the Democratic Party, he served as the 64th governor of Ohio from 1983 to 1991. Early life and career Celeste was born in Cleveland, Ohio and grew up in Lakewood, Ohio, the son of Margaret Louis and Frank Palm Celeste. His father was born in Cerisano, Italy. He graduated from Lakewood High School in 1955. In 1959, he graduated magna cum laude from Yale University where he was a member of Phi Beta Kappa. Celeste then received a Rhodes Scholarship to attend Exeter College at Oxford University, where he is an Honorary Fellow. There he met Dagmar Ingrid Braun, whom he married in Austria in 1962. After returning to the United States, Celeste served as staff liaison office in the Peace Corps and as special assistant to Chester Bowles. Celeste was elected to the Ohio House of Representatives from Cuyahoga County in 1970. His Ohio House Dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Repurchase Agreements
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price. The repo market is an important source of funds for large financial institutions in the non-depository banking sector, which has grown to rival the traditional depository banking sector in size. Large institutional investors such as money market mutual funds lend money to financial institutions such as investment banks, either in exchange for (or secured by) collateral, such as Treasury bonds and mortgage-backed securities held by the borrower financial institutions. An estimated $1 trillion per day in collateral value is transacted in the U.S. repo markets. In 2007–2008, a run on the repo market, in which funding for investment banks was e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marvin L
Marvin may refer to: __NOTOC__ Geography ;In the United States * Marvyn, Alabama, also spelled Marvin, an unincorporated community * Marvin, Missouri, an unincorporated community * Marvin, North Carolina, a village * Marvin, South Dakota, a town * Robley, Virginia, also known as Marvin * Lake Marvin, a lake in Georgia ;Elsewhere * Marvin Islands, Nunavut, Canada People and fictional characters * Marvin (given name), including a list of people and fictional characters * Marvin (surname), including a list of people and fictional characters Arts and entertainment * ''Marvin the Album'', an album by the Australian group Frente! * "Marvin (Patches)", a song by Titãs * "Marvin" (Marvin the Paranoid Android song), a song by Marvin the Paranoid Android (1981) * ''Marvin'' (film), a 2017 French film * ''Marvin'' (comic), a newspaper comic strip Other uses * Marvin (robot), developed by the University of Kaiserslautern Robotics Research Lab in Germany See also * Marven Gardens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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