[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-324691-105":59,"doc-detail-324691-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","how-are-the-ex-odgfthrifts-doing","How Are the Ex-ODGFThrifts Doing?","","Economic Commentary analyzing the 1985 Ohio Deposit Guarantee Fund (ODGF) crisis and the fate of its 70 state-chartered savings and loan associations. The article explains how the ODGF was closed by Governor Celeste in response to large deposit withdrawals, what legal and financial measures enabled institutions to reopen with limits, and how many survived by obtaining federal deposit insurance. It then compares 26 surviving ex-ODGF thrifts with similar-sized Ohio thrifts using 1987 capitalization and profitability data, finding stronger capital, earnings, and interest-rate margins for the survivors.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/how-are-the-ex-odgfthrifts-doing/324691/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/how-are-the-ex-odgfthrifts-doing/324691.png","ImageObject",300,407,{"name":92,"@type":93},"Ezra","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-28","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",17,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What caused the 1985 moratorium on privately insured thrifts in Ohio?","Question",{"text":113,"@type":114},"Excessive deposit withdrawals triggered a moratorium on privately insured thrifts (savings and loan associations) in Ohio, leading to later emergency actions.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How did ODGF institutions respond after the ODGF was closed?",{"text":118,"@type":114},"The closed institutions were allowed to reopen case-by-case, with deposit withdrawals limited until they qualified for federal deposit insurance. The state also offered financial assistance to support purchases of troubled institutions.",{"name":120,"@type":111,"acceptedAnswer":121},"How did the surviving ex-ODGF thrifts perform compared with other Ohio thrifts?",{"text":122,"@type":114},"The ex-ODGF thrifts outperformed similar-sized Ohio thrifts, showing stronger capitalization, higher returns on assets, and wider interest-rate margins based on the 1987 performance comparison.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},324691,1790171671,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},1099514068035,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","# How Are the Ex-ODGFThrifts Doing?\n\nby Paul RWatro  \nNot long ago,excessive depositwithdrawals caused a moratorium onprivately insured thrifts(savings andloan associations)in Ohio.On March  \n15,1985,Governor Celeste closed all70 state-chartered savings and loanassociations insured by the OhioDeposit Guarantee Fund(ODGF),aprivate insurance fund.ODGF wasfunded by deposits from memberinstitutions,consisting mostly ofsmall and conservatively managedthrifts with assets under $50 million.  \nThe collapse of ODGF's largestmember,Home State Savings Bank ofCincinnati(with assets of more than  \n$1.4 billion),bankrupted the fundand led to large and increasing deposit withdrawals at many otherODGF institutions.2 ODGF-insuredinstitutions were closed for five daysto stop deposit runs.This action alsogave time for state and federal offi-cials to assess the severity of the situa-tion and for state legislators to passemergency legislation dealing withthe crisis.  \nThe closed institutions were allowedto reopen on a case-by-case basis de-pending on their financial condition.Deposit withdrawals,however,werelimited until these institutions quali-fied for federal deposit insurance.3  \nTo protect deposits,the state offeredfinancial assistance for organizationsto purchase financially troubledODGF institutions.It also authorizedout-of-state depositoryinstitutions toacquire these thrifts and to operatethem either as thrifts or as commer-cial banks.4  \nContrary to common belief,the crisisdid not seriously impair the financialhealth and performance of all 70ODGF thrifts.Those that were bettermanaged and more capitalized obtained federal deposit insurance andresumed operations as independentdepository institutions.  \nIn this Economic Commentary,wediscuss briefly what happened to theODGF thrifts.We then examine thecurrent financial condition of the sur-viving ODGF thrifts by comparingtheir performance to the performanceof other similar-sized thrifts in Ohio.  \n## ■ Survivors\n\nWithin two weeks of the moratorium,state and federal examiners deter-mined that 26 ODGF institutionswould qualify for federal depositinsurance with minor adjustmentsThese thrifts were fundamentallysound and could have viable futures.In contrast,18 ODGF institutions wereinitially insolvent,that is,their liabilities were greater than their assets  \nThe thrifts that have survived the1985 ODGF crisis as independentdepository institutions have per-formed better than similar-sizedthrifts in Ohio because they havebeen able to hold down costs andimprove their net worth throughhigher earnings.  \nThe remaining 26 thrifts were solventaccording to generally acceptedaccounting principles but lacked suf  \nficient capital to qualify immediately  \nfor federal deposit insurance.  \nBy April 1986,all ODGF institutionswere fully opened for business eitheras independent depository institu-tions or as offices or subsidiaries oflarger depository organizationsTwenty-six institutions,includingHome State Savings Bank,weremerged into or acquired by otherfederally insured institutions andceased to exist as independent thriftinstitutions.Two major acquirerswere Chase Manhattan Corporation ofNew York and Home Savings ofAmerica,Los Angeles.  \nThe 44 other ODGF institutionsreceived approval for federal depositinsurance either from the FederalDeposit Insurance Corporation(FDIC)or from the Federal Savingsand Loan Corporation(FSLIC).Sev-eral of these institutions,includingfive of the ten ODGF institutions thatbecame FDIC insured,were acquiredby or merged with other depositoryinstitutions since 1985  \nWe examined the current financialcondition of 26 surviving ODGF institutions that are operating today asFSLIC-insured thrifts and are not sub-sidiaries of depository organizations.5No doubt these thrifts came from theODGF's cream of the crop and wereprobably in better financial shape thanthe typical Ohio thrift when theyobtained federal deposit insurance.However,the ODGF crisis could havelonger-term adverse effects on thos","cbCaijYkYRfSHvTk","https://ap.wps.com/l/cbCaijYkYRfSHvTk","pdf",1149455,"English","# Survivors\n# Performance","[{\"question\":\"What caused the 1985 moratorium on privately insured thrifts in Ohio?\",\"answer\":\"Excessive deposit withdrawals triggered a moratorium on privately insured thrifts (savings and loan associations) in Ohio, leading to later emergency actions.\"},{\"question\":\"How did ODGF institutions respond after the ODGF was closed?\",\"answer\":\"The closed institutions were allowed to reopen case-by-case, with deposit withdrawals limited until they qualified for federal deposit insurance. The state also offered financial assistance to support purchases of troubled institutions.\"},{\"question\":\"How did the surviving ex-ODGF thrifts perform compared with other Ohio thrifts?\",\"answer\":\"The ex-ODGF thrifts outperformed similar-sized Ohio thrifts, showing stronger capitalization, higher returns on assets, and wider interest-rate margins based on the 1987 performance comparison.\"}]","How Are the Ex-ODGFThrifts Doing? | PDF",1789968624,13]