Ohio Code § 1109.32

§ 1109.32.

(A) A state bank may invest in any of the following: (1) Bonds, bills, notes, or other debt securities of the United States or for which the

full faith and credit of the United States is pledged for payment of principal and

interest; (2) Bonds, notes, or other debt securities issued by this state, or any state of the

United States, that are the direct obligation of the issuer and for which the full

faith and credit of the issuer is pledged to provide payment of the principal and

interest; (3) Bonds, notes, or other debt securities of any county, municipal corporation, township,

school district, improvement district, sewer district, or other subdivision of this

state or any other state of the United States, that are the direct obligation of the

county or the subdivision issuing them and for which the full faith and credit of

the issuing county or subdivision is pledged to provide payment of principal and interest; (4) Bonds or other debt obligations issued or guaranteed by agencies or instrumentalities

of the United States, regardless of the guarantee of payment of principal and interest

by the United States; (5) Subject to conditions and restrictions the superintendent of financial institutions

may prescribe, bonds, debentures, and other debt securities issued by any country

or multinational organization that are the direct obligation of the issuing country

or multinational organization and for which the full faith and credit of the issuing

country or multinational organization is pledged to provide payment of principal and

interest; (6) Bankers' acceptances of the kinds described in divisions (B) and (C) of section 1109.17 of the Revised Code ; (7) Subject to conditions and restrictions the superintendent may prescribe, bonds, debentures,

and other debt securities and obligations of any state or political subdivision of

a state, a public corporation, or governmental agency that are payable solely out

of anticipated revenues, commonly referred to as revenue bonds; (8) As defined and restricted by the superintendent, marketable obligations evidencing

the indebtedness of any corporation in the form of bonds, notes, debentures, or equipment

trust certificates, commonly referred to as investment securities. (B) In addition to any other provision of this chapter authorizing state banks to invest

in bonds, debentures, or other debt securities, a state bank may invest in bonds,

debentures, and other debt securities and obligations in which national banks, savings

banks, and savings associations insured by the federal deposit insurance corporation

are permitted to invest.