Unassociated Document



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-6385
 
Nuveen Ohio Quality Income Municipal Fund, Inc.
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            2/28          
 
Date of reporting period:         11/30/12         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 
 
 
Item 1. Schedule of Investments
 
 

 
           
   
Portfolio of Investments (Unaudited)
      
   
   Nuveen Ohio Quality Income Municipal Fund, Inc. (NUO)
      
   
November 30, 2012
      
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Staples – 8.2% (5.9% of Total Investments)
      
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
      
   
Bonds, Senior Lien, Series 2007A-2:
      
$    4,000
  
5.125%, 6/01/24
6/17 at 100.00
B
$    3,610,360
11,945
  
5.875%, 6/01/47
6/17 at 100.00
BB
10,654,579
115
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
5/13 at 100.00
BBB+
115,130
   
Series 2002, 5.375%, 5/15/33
      
16,060
  
Total Consumer Staples
    
14,380,069
   
Education and Civic Organizations – 10.9% (7.9% of Total Investments)
      
920
  
Miami University of Ohio, General Receipts Bonds, Series 2011, 5.000%, 9/01/36
9/21 at 100.00
AA
1,089,050
750
  
Miami University of Ohio, General Receipts Bonds, Series 2012, 4.000%, 9/01/33
9/22 at 100.00
AA
830,033
1,650
  
Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series
7/16 at 100.00
A+
1,744,380
   
2006, 5.000%, 7/01/41
      
1,750
  
Ohio Higher Education Facilities Commission, General Revenue Bonds, Oberlin College, Series
10/13 at 100.00
AA
1,811,548
   
2003, 5.125%, 10/01/24
      
1,000
  
Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series
12/15 at 100.00
Ba2
992,090
   
2005, 5.000%, 12/01/29
      
2,420
  
Ohio Higher Educational Facilities Commission, General Revenue Bonds, University of Dayton,
12/16 at 100.00
A
2,714,490
   
2006 Project, Series 2006, 5.000%, 12/01/30 – AMBAC Insured
      
935
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University, Series 2004,
11/14 at 100.00
AA
1,012,399
   
5.000%, 11/01/21
      
1,320
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Series
12/14 at 100.00
A
1,425,560
   
2004, 5.000%, 12/01/25 – AMBAC Insured
      
770
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, Wittenberg University, Series
6/13 at 100.00
Ba2
770,793
   
2001, 5.500%, 12/01/15
      
1,500
  
Ohio State Higher Education Facilities, Revenue Bonds, Case Western Reserve University, Series
12/16 at 100.00
AA–
1,682,535
   
2006, 5.000%, 12/01/44 – NPFG Insured
      
2,000
  
Ohio State Higher Educational Facility Commission, Higher Education Facility Revenue Bonds,
11/18 at 100.00
A–
2,315,600
   
Xavier University 2008C, 5.750%, 5/01/28
      
2,605
  
University of Cincinnati, Ohio, General Receipts Bonds, Series 2004D, 5.000%,
6/14 at 100.00
AA–
2,756,663
   
6/01/25 – AMBAC Insured
      
17,620
  
Total Education and Civic Organizations
    
19,145,141
   
Health Care – 23.8% (17.3% of Total Investments)
      
1,000
  
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series
6/20 at 100.00
AA–
1,133,990
   
2010A, 5.250%, 6/01/38
      
2,500
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.500%, 11/01/40
11/20 at 100.00
BBB+
2,844,075
3,405
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center
5/16 at 100.00
N/R
3,565,988
   
Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
      
   
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
      
   
Improvement Series 2009:
      
250
  
5.000%, 11/01/34
11/19 at 100.00
Aa2
280,945
300
  
5.250%, 11/01/40
11/19 at 100.00
Aa2
339,783
1,200
  
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series
11/18 at 100.00
Aa2
1,309,188
   
2005, 5.000%, 11/01/40
      
2,400
  
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Tender Option Bond
11/21 at 100.00
AA+
3,038,304
   
Trust 11-21B, 9.316%, 11/15/41 (IF) (4)
      
   
Hamilton County, Ohio, Revenue Bonds, Children’s Hospital Medical Center, Series 2004J:
      
2,455
  
5.250%, 5/15/16 – FGIC Insured
5/14 at 100.00
BBB
2,575,270
1,260
  
5.125%, 5/15/28 – FGIC Insured
5/14 at 100.00
BBB
1,292,546
1,000
  
Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series
6/21 at 100.00
A2
1,210,150
   
2011A, 6.250%, 12/01/34
      
   
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2008D:
      
90
  
5.000%, 11/15/38
11/18 at 100.00
AA–
98,340
40
  
5.125%, 11/15/40
11/18 at 100.00
AA–
43,930
2,665
  
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
11/21 at 100.00
AA–
3,313,821
   
2011A, 6.000%, 11/15/41
      
785
  
Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center
5/16 at 100.00
A2
862,841
   
Inc., Series 2006, 5.250%, 5/15/21
      
430
  
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center
8/21 at 100.00
A2
483,948
   
Project, Refunding Series 2011, 5.250%, 8/01/41
      
   
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A:
      
1,500
  
5.000%, 5/01/30
5/14 at 100.00
AA–
1,564,500
2,500
  
5.000%, 5/01/32
5/14 at 100.00
AA–
2,607,500
1,350
  
Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39
11/14 at 100.00
Aa3
1,470,218
95
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University Hospitals Health
1/17 at 100.00
AA+
107,539
   
System Inc., Series 2007A, 5.250%, 1/15/46 – BHAC Insured
      
   
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
      
   
Health System Obligated Group, Series 2008A:
      
1,315
  
5.000%, 1/01/25
1/18 at 100.00
Aa2
1,489,540
50
  
5.250%, 1/01/33
1/18 at 100.00
Aa2
56,033
1,200
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health
5/20 at 100.00
AA–
1,353,228
   
System Project, Series 2010, 5.250%, 11/15/40 – AGM Insured
      
1,000
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
1/19 at 100.00
Aa2
1,149,190
   
Obligated Group, Series 2009A, 5.500%, 1/01/39
      
   
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
      
   
Obligated Group, Tender Option Bond Trust 3551:
      
375
  
19.555%, 1/01/17 (IF)
No Opt. Call
Aa2
552,510
2,700
  
20.062%, 1/01/33 (IF)
1/19 at 100.00
Aa2
4,311,252
1,100
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
No Opt. Call
Aa2
1,756,436
   
Obligated Group, Tender Option Bond Trust 3591, 20.220%, 1/01/17 (IF)
      
1,200
  
Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,
11/16 at 100.00
A–
1,279,032
   
5.250%, 11/15/36
      
600
  
Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,
12/18 at 100.00
A2
684,894
   
5.750%, 12/01/35
      
1,170
  
Wood County, Ohio, Hospital Facilities Refunding and Improvement Revenue Bonds, Wood County
12/22 at 100.00
Baa2
1,261,178
   
Hospital Project, Series 2012, 5.000%, 12/01/42 (WI/DD, Settling 12/06/12)
      
35,935
  
Total Health Care
    
42,036,169
   
Housing/Multifamily – 4.9% (3.5% of Total Investments)
      
1,385
  
Clermont County, Ohio, GNMA Collateralized Mortgage Revenue Bonds, S.E.M. Villa II Project,
2/13 at 100.00
Aaa
1,388,282
   
Series 1994A, 5.950%, 2/20/30
      
   
Cuyahoga County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds,
      
   
Longwood Phase One Associates LP, Series 2001A:
      
2,120
  
5.350%, 1/20/21 (Alternative Minimum Tax)
1/13 at 101.00
Aaa
2,145,186
2,250
  
5.450%, 1/20/31 (Alternative Minimum Tax)
1/13 at 101.00
Aaa
2,274,368
800
  
Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court
10/18 at 101.00
Aa1
879,144
   
Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)
      
670
  
Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna
6/16 at 102.00
Aaa
706,669
   
Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
      
1,100
  
Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments
9/17 at 102.00
AA+
1,186,944
   
Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
      
8,325
  
Total Housing/Multifamily
    
8,580,593
   
Housing/Single Family – 0.2% (0.1% of Total Investments)
      
355
  
Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities
9/15 at 100.00
Aaa
367,943
   
Program, Series 2006H, 5.000%, 9/01/31 (Alternative Minimum Tax)
      
   
Industrials – 0.9% (0.6% of Total Investments)
      
625
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund
11/15 at 100.00
BBB
637,963
   
Program – Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax)
      
895
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Jergens Inc.,
5/13 at 100.00
BBB
900,119
   
Series 1998A, 5.375%, 5/15/18 (Alternative Minimum Tax)
      
1,520
  
Total Industrials
    
1,538,082
   
Long-Term Care – 1.1% (0.8% of Total Investments)
      
490
  
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
7/21 at 100.00
BBB
559,531
   
Services, Improvement Series 2010A, 5.625%, 7/01/26
      
1,165
  
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
4/20 at 100.00
BBB–
1,336,546
   
Refunding & improvement Series 2010, 6.625%, 4/01/40
      
1,655
  
Total Long-Term Care
    
1,896,077
   
Materials – 1.2% (0.9% of Total Investments)
      
2,000
  
Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B,
No Opt. Call
A
2,142,300
   
4.500%, 12/01/15
      
   
Tax Obligation/General – 27.0% (19.6% of Total Investments)
      
   
Butler County, Ohio, General Obligation Bonds, Series 2002:
      
110
  
5.000%, 12/01/21 – NPFG Insured
12/13 at 100.00
Aa1
114,967
100
  
5.000%, 12/01/22 – NPFG Insured
12/13 at 100.00
Aa1
104,515
2,630
  
Central Ohio Solid Waste Authority, General Obligation Bonds, Refunding & Improvements, Series
6/22 at 100.00
AAA
3,267,302
   
2012, 5.000%, 12/01/28 – AGM Insured
      
1,000
  
Cleveland Municipal School District, Cuyahoga County, Ohio, General Obligation Bonds, Series
6/14 at 100.00
AA
1,066,130
   
2004, 5.000%, 12/01/22 – AGM Insured
      
3,000
  
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006,
No Opt. Call
AA+
1,781,040
   
0.000%, 12/01/28 – AGM Insured
      
1,200
  
Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21
12/14 at 100.00
AA+
1,304,736
1,195
  
Fairview Park City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series
6/15 at 100.00
Aa2
1,312,361
   
2005, 5.000%, 12/01/24 – NPFG Insured
      
1,840
  
Franklin County, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/28
12/17 at 100.00
AAA
2,158,486
1,500
  
Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32
12/15 at 100.00
AA+
1,659,900
1,355
  
Grove City, Ohio, General Obligation Bonds, Construction & Improvement Series 2009,
12/19 at 100.00
Aa1
1,598,886
   
5.125%, 12/01/36
      
7,020
  
Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%,
6/17 at 100.00
AA–
7,861,767
   
12/01/34 – AGM Insured
      
1,850
  
Hilliard City School District, Franklin County, Ohio, General Obligation Bonds, School
12/15 at 100.00
Aa1
2,064,582
   
Construction, Series 2005, 5.000%, 12/01/26 – NPFG Insured
      
3,000
  
Hilliard School District, Franklin County, Ohio, General Obligation Bonds, Series 2006A,
12/16 at 100.00
Aa1
3,470,340
   
5.000%, 12/01/25 – NPFG Insured
      
2,580
  
Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities
6/17 at 100.00
Aa3
2,912,175
   
Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured
      
660
  
Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2011,
No Opt. Call
Aa1
547,477
   
0.000%, 12/01/21
      
800
  
Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007,
12/17 at 100.00
Aa2
939,736
   
5.000%, 12/01/25 – FGIC Insured
      
1,585
  
Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40
10/18 at 100.00
Aa2
1,791,351
505
  
Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series
12/15 at 100.00
AA–
562,681
   
2006, 5.000%, 12/01/25 – AGM Insured
      
500
  
Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds,
6/17 at 100.00
Aaa
573,195
   
Series 2007, 5.000%, 12/01/31
      
1,500
  
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
No Opt. Call
Aa3
2,000,415
   
Series 2007, 5.250%, 12/01/31 – AGM Insured
      
1,350
  
Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,
12/18 at 100.00
Aa3
1,549,503
   
5.250%, 12/01/36
      
505
  
Monroe Local School District, Butler County, Ohio, General Obligation Bonds, Series 2006,
No Opt. Call
A2
642,118
   
5.500%, 12/01/24 – AMBAC Insured
      
275
  
Napoleon City School District, Henry County, Ohio, General Obligation Bonds, Facilities
6/22 at 100.00
Aa3
320,059
   
Construction & Improvement Series 2012, 5.000%, 12/01/36
      
1,000
  
Newark City School District, Licking County, Ohio, General Obligation Bonds, Series 2005,
12/15 at 100.00
Aa3
1,102,860
   
5.000%, 12/01/28 – FGIC Insured
      
1,000
  
Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities
11/18 at 100.00
Aa2
1,131,220
   
Construction and Improvement Bonds, Series 2008, 5.000%, 11/01/36
      
500
  
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
6/18 at 100.00
Aa1
580,765
   
Bonds, Series 2008, 5.000%, 12/01/36
      
1,510
  
Painesville City School District, Ohio, General Obligation Bonds, Series 2004, 5.000%,
12/14 at 100.00
A1
1,625,742
   
12/01/22 – FGIC Insured
      
2,000
  
South Euclid, Ohio, General Obligation Bonds, Real Estate Acquisition and Urban Redevelopment,
6/22 at 100.00
Aa2
2,336,720
   
Series 2012, 5.000%, 6/01/42
      
250
  
South-Western City School District, Franklin and Pickaway Counties, Ohio, General Obligation
6/22 at 100.00
  
298,258
   
Bonds, School Facilities Construction & Improvement Series 2012, 5.000%, 12/01/36
      
70
  
Strongsville, Ohio, Limited Tax General Obligation Various Purpose Improvement Bonds, Series
12/12 at 100.00
Aaa
70,323
   
1996, 5.950%, 12/01/21
      
100
  
Sylvania City School District, Lucas County, Ohio, General Obligation Bonds, School
6/17 at 100.00
Aa2
114,271
   
Improvement Series 1995, 5.250%, 12/01/36 – AGC Insured
      
650
  
Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,
6/19 at 100.00
AA
737,458
   
School Improvment Series 2009, 5.125%, 12/01/37
      
43,140
  
Total Tax Obligation/General
    
47,601,339
   
Tax Obligation/Limited – 18.6% (13.4% of Total Investments)
      
4,000
  
Cuyhoga County, Ohio, Recovery Zone Facility Economic Development Revenue Bonds, Medical
12/20 at 100.00
AA
4,713,279
   
Mart-Convention Center Project, Series 2010F, 5.000%, 12/01/27
      
3,000
  
Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue
12/15 at 100.00
Aaa
3,330,060
   
Anticipation Bonds, Series 2005, 5.000%, 12/01/27 – AMBAC Insured
      
1,305
  
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42
1/22 at 100.00
A
1,492,268
545
  
Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/42
1/22 at 100.00
A
617,894
1,010
  
Greater Cleveland Regional Transit Authority, Ohio, Sales Tax Supported Capital Improvement
12/21 at 100.00
AAA
1,254,380
   
Bonds, Refunding Series 2012, 5.250%, 12/01/27
      
1,085
  
Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004,
6/14 at 100.00
A+
1,146,823
   
5.000%, 12/01/18 – FGIC Insured
      
4,000
  
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006A, 5.000%,
12/16 at 100.00
A+
4,458,920
   
12/01/32 – AMBAC Insured
      
1,000
  
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Series 2000B, 0.000%,
No Opt. Call
AA–
548,790
   
12/01/28 – AGM Insured
      
2,000
  
Hamilton County, Ohio, Sales Tax Revenue Bonds, Refunding Series 2011A, 5.000%, 12/01/31
12/21 at 100.00
A+
2,316,100
140
  
New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series
10/22 at 100.00
A1
169,330
   
2012C, 5.000%, 10/01/24
      
800
  
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,
4/15 at 100.00
AA
880,608
   
Series 2005A, 5.000%, 4/01/25 – AGM Insured
      
23,215
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
No Opt. Call
A+
7,391,191
   
2009A, 0.000%, 8/01/34
      
7,875
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
No Opt. Call
A+
2,330,449
   
2010A, 0.000%, 8/01/35
      
1,645
  
Riversouth Authority, Ohio, Riversouth Area Redevelopment Bonds, Refunding Series 2012A,
12/22 at 100.00
AA+
2,050,180
   
5.000%, 12/01/23
      
51,620
  
Total Tax Obligation/Limited
    
32,700,272
   
Transportation – 3.8% (2.8% of Total Investments)
      
1,000
  
Cleveland, Ohio, Airport System Revenue Bonds, Series 2012A, 5.000%, 1/01/31 – AGM Insured
1/22 at 100.00
AA–
1,168,840
3,050
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C, 5.250%,
12/13 at 100.00
A–
3,117,893
   
12/01/23 – RAAI Insured (Alternative Minimum Tax)
      
2,000
  
Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/18 – FGIC Insured
No Opt. Call
AA
2,463,500
6,050
  
Total Transportation
    
6,750,233
   
U.S. Guaranteed – 25.1% (18.2% of Total Investments) (5)
      
   
Butler County, Ohio, General Obligation Bonds, Series 2002:
      
1,235
  
5.000%, 12/01/21 (Pre-refunded 12/01/13) – NPFG Insured
12/13 at 100.00
Aa1 (5)
1,293,354
1,100
  
5.000%, 12/01/22 (Pre-refunded 12/01/13) – NPFG Insured
12/13 at 100.00
Aa1 (5)
1,151,975
1,500
  
Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series
6/15 at 100.00
Aa1 (5)
1,671,585
   
2005, 5.000%, 12/01/30 (Pre-refunded 6/01/15) – AGM Insured
      
1,000
  
Central Ohio Solid Waste Authority, General Obligation Bonds, Series 2004A, 5.000%, 12/01/15
6/14 at 100.00
AAA
1,070,690
   
(Pre-refunded 6/01/14) – AMBAC Insured
      
1,380
  
Columbus, Ohio, Tax Increment Financing Bonds, Easton Project, Series 2004A, 5.000%, 12/01/25
6/14 at 100.00
BBB+ (5)
1,430,301
   
(Pre-refunded 6/01/14) – AMBAC Insured
      
   
Cuyahoga County, Ohio, Revenue Refunding Bonds, Cleveland Clinic Health System, Series 2003A:
      
1,020
  
6.000%, 1/01/32 (Pre-refunded 7/01/13)
7/13 at 100.00
Aa2 (5)
1,054,292
980
  
6.000%, 1/01/32 (Pre-refunded 7/01/13)
7/13 at 100.00
Aa2 (5)
1,012,948
1,000
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2005B, 5.000%,
No Opt. Call
A– (5)
1,092,980
   
12/01/14 – SYNCORA GTY Insured (ETM)
      
1,000
  
Dayton, Ohio, General Obligation Bonds, Series 2004, 5.250%, 12/01/19 (Pre-refunded
6/14 at 100.00
Aa2 (5)
1,074,120
   
6/01/14) – AMBAC Insured
      
1,000
  
Dublin City School District, Franklin, Delaware and Union Counties, Ohio, General Obligation
12/13 at 100.00
AAA
1,047,770
   
Bonds, Series 2003, 5.000%, 12/01/22 (Pre-refunded 12/01/13) – AGM Insured
      
1,000
  
Hudson City School District, Ohio, Certificates of Participation, Series 2004, 5.000%, 6/01/26
6/14 at 100.00
Aa3 (5)
1,069,900
   
(Pre-refunded 6/01/14) – NPFG Insured
      
1,160
  
Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2003,
6/13 at 100.00
Aa1 (5)
1,187,875
   
5.000%, 12/01/22 (Pre-refunded 6/01/13) – NPFG Insured
      
760
  
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Series 2004,
12/13 at 100.00
N/R (5)
796,146
   
5.000%, 12/01/25 (Pre-refunded 12/01/13) – FGIC Insured
      
480
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University, Series 2004,
11/14 at 100.00
Aa3 (5)
522,542
   
5.000%, 11/01/21 (Pre-refunded 11/01/14)
      
2,645
  
Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund
4/14 at 100.00
AA (5)
2,819,438
   
Project, Series 2004A, 5.250%, 4/01/15 (Pre-refunded 4/01/14) – NPFG Insured
      
1,500
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University
1/15 at 100.00
A (5)
1,699,725
   
Hospitals Health System, Series 2009, 6.750%, 1/15/39 (Pre-refunded 1/15/15)
      
   
Ohio State University, General Receipts Bonds, Series 2003B:
      
2,450
  
5.250%, 6/01/22 (Pre-refunded 6/01/13)
6/13 at 100.00
N/R (5)
2,512,181
550
  
5.250%, 6/01/22 (Pre-refunded 6/01/13)
6/13 at 100.00
Aa1 (5)
563,910
525
  
Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,
6/18 at 100.00
AAA
643,855
   
Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured
      
   
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water
      
   
Quality Project, Series 2005B:
      
1,225
  
5.000%, 6/01/25 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
1,363,817
275
  
5.000%, 6/01/25 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
306,163
3,000
  
Ohio, General Obligation Bonds, Infrastructure Improvements, Series 2003F, 5.000%, 2/01/23
2/13 at 100.00
AA+ (5)
3,024,390
   
(Pre-refunded 2/01/13)
      
1,000
  
Ohio, State Appropriation Lease Bonds, Mental Health Capital Facilities, Series 2003B-II,
6/13 at 100.00
AA (5)
1,024,030
   
5.000%, 6/01/16 (Pre-refunded 6/01/13)
      
   
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
      
   
Bonds, Series 2004A:
      
1,315
  
5.250%, 12/01/23 (Pre-refunded 6/01/14) – FGIC Insured
6/14 at 100.00
AA+ (5)
1,411,850
3,380
  
5.250%, 12/01/24 (Pre-refunded 6/01/14) – FGIC Insured
6/14 at 100.00
AA+ (5)
3,628,937
1,000
  
Princeton City School District, Butler County, Ohio, General Obligation Bonds, Series 2003,
12/13 at 100.00
AA (5)
1,047,770
   
5.000%, 12/01/30 (Pre-refunded 12/01/13) – NPFG Insured
      
1,510
  
University of Akron, Ohio, General Receipts Bonds, Series 2003A, 5.000%, 1/01/21 (Pre-refunded
1/13 at 100.00
AA– (5)
1,516,131
   
1/01/13) – AMBAC Insured
      
850
  
University of Cincinnati, Ohio, General Receipts Bonds, Series 2003C, 5.000%, 6/01/22
6/13 at 100.00
AA– (5)
870,502
   
(Pre-refunded 6/01/13) – FGIC Insured
      
1,200
  
University of Cincinnati, Ohio, General Receipts Bonds, Series 2004D, 5.000%, 6/01/19
6/14 at 100.00
AA– (5)
1,283,880
   
(Pre-refunded 6/01/14) – AMBAC Insured
      
   
Warren City School District, Trumbull County, Ohio, General Obligation Bonds, Series 2004:
      
2,515
  
5.000%, 12/01/20 (Pre-refunded 6/01/14) – FGIC Insured
6/14 at 100.00
AA (5)
2,691,981
1,170
  
5.000%, 12/01/22 (Pre-refunded 6/01/14) – FGIC Insured
6/14 at 100.00
AA (5)
1,252,333
1,000
  
West Chester Township, Butler County, Ohio, General Obligation Bonds, Series 2003, 5.000%,
12/13 at 100.00
Aaa
1,047,870
   
12/01/28 (Pre-refunded 12/01/13) – NPFG Insured
      
41,725
  
Total U.S. Guaranteed
    
44,185,241
   
Utilities – 5.5% (4.0% of Total Investments)
      
2,500
  
American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project
2/18 at 100.00
A1
2,838,150
   
Series 2008A, 5.250%, 2/15/43
      
   
Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B:
      
2,000
  
0.000%, 11/15/28 – NPFG Insured
No Opt. Call
A2
1,075,560
2,105
  
0.000%, 11/15/32 – NPFG Insured
No Opt. Call
A2
910,244
2,155
  
0.000%, 11/15/34 – NPFG Insured
No Opt. Call
A2
840,342
1,465
  
Ohio Air Quality Development Authority, Revenue Refunding Bonds, Ohio Power Company Project,
5/13 at 100.00
Baa1
1,467,417
   
Series 1999C, 5.150%, 5/01/26 – AMBAC Insured
      
950
  
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville
No Opt. Call
A1
518,168
   
Hydroelectric Project – Joint Venture 5, Series 2001, 0.000%, 2/15/29 – NPFG Insured
      
2,000
  
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville
2/14 at 100.00
A1
2,105,680
   
Hydroelectric Project – Joint Venture 5, Series 2004, 5.000%, 2/15/20 – AMBAC Insured
      
13,175
  
Total Utilities
    
9,755,561
   
Water and Sewer – 6.9% (5.0% of Total Investments)
      
4,850
  
Cincinnati, Ohio, Water System Revenue Bonds, Series 2012A, 5.000%, 12/01/37
12/21 at 100.00
AAA
5,806,904
430
  
City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%,
12/17 at 100.00
A1
491,980
   
12/01/32 – AMBAC Insured
      
1,250
  
Cleveland, Ohio, Water Revenue Bonds, Second Lien Series 2012A, 5.000%, 1/01/25
1/22 at 100.00
Aa2
1,553,675
1,025
  
Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series
No Opt. Call
Aa1
1,326,606
   
1993G, 5.500%, 1/01/21 – NPFG Insured
      
1,220
  
Hamilton, Ohio, Wastewater System Revenue Bonds, Series 2005, 5.250%, 10/01/22 – AGM Insured
10/15 at 100.00
Aa3
1,354,712
100
  
Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%,
12/20 at 100.00
Aa3
116,327
   
12/01/40 – AGM Insured
      
225
  
Marysville, Ohio, Wastewater Treatement System Revenue Bonds, Series 2007, 5.000%,
12/17 at 100.00
A–
250,369
   
12/01/37 – SYNCORA GTY Insured
      
1,170
  
Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2006, 5.250%,
12/16 at 100.00
A–
1,355,890
   
12/01/24 –SYNCORA GTY Insured
      
10,270
  
Total Water and Sewer
    
12,256,463
$ 249,450
  
Total Investments (cost $216,366,866) – 138.1%
    
243,335,483
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (41.7)% (6)
    
(73,500,000)
   
Other Assets Less Liabilities – 3.6%
    
6,336,949
   
Net Assets Applicable to Common Shares – 100%
    
$ 176,172,432
 
 
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Funds would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
         
 
Level 1
Level 2
Level 3
Total
Long-Term Investments*:
        
Municipal Bonds
$ —
$243,335,483
$ —
$243,335,483
* Refer to the Fund’s Portfolio of Investments for industry classifications.
 
The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.
 
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
 
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
At November 30, 2012, the cost of investments was $216,115,340.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at November 30, 2012, were as follows:
 
   
Gross unrealized:
  
Appreciation
$27,228,053
Depreciation
(7,910)
Net unrealized appreciation (depreciation) of investments
$27,220,143
 
 
     
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common
   
shares unless otherwise noted.
(2)
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
   
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by
   
any of these national rating agencies.
(4)
  
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(5)
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(6)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments
   
is 30.2%.
N/R
  
Not rated.
WI/DD
  
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
 
 
 
 
 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen Ohio Quality Income Municipal Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         January 29, 2013        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         January 29, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         January 29, 2013