Boards and Commissions

Collateral Pool Board

Collateral Pool Board is administratively
attached to the Tennessee Department of Treasury

Global Profit

The Collateral Pool Board oversees the risk-sharing pool of collateral pledged by participating financial institutions to guarantee public deposits. The duties of the Board are found in TCA 9-4-508.

The Board oversees the operations of the Collateral Pool for Public Deposits, which was created to provide an alternative method for securing public deposits held by banks and savings institutions. Under the law governing the Pool, if a bank applied to and is accepted into the Collateral Pool, all of its public deposits are secured by the deposit of an amount of collateral determined by the Board to be required. Then, if there is a default by a bank or savings institution, the public depositors are made whole in a three (3) step process.

• First, they receive any applicable federal deposit insurance.
• Next, the collateral pledged by the bank or savings institution under the Pool provisions issued to satisfy the claims.
• Finally, if the claims are not completely satisfied after steps one and two,the State Treasurer assesses the members of the Pool an amount sufficient to satisfy the claims.

Bank Collateral Pool

Allows banks and local governments statewide to participate in a pool designed to provide greater efficiency and a lower risk.

Learn about the Bank Collateral Pool

Board Meetings and Materials

Upcoming Meetings

7Jun2023

Collateral Pool Board Meeting

6/7/2023 1:00 PM

The Collateral Pool Board will meet at 1:00 p.m. (Central Time) on Wednesday, June 7, 2023. This will be a virtual meeting that will take place via TEAMS application. This meeting will include members of the Collateral Pool Board who will be participating by electronic means of communication.

Documents to download

CollateralPoolBoardPublicMeetingNotice_06-07-2023(.pdf, 147.18 KB) - 6 download(s)
CollateralPoolBoardAgenda_06-07-2023(.pdf, 91.05 KB) - 5 download(s)

Past Meetings

Event date: 9/29/2022 8:00 AM

Amanda Gargus / Tuesday, August 9, 2022

/ Categories: Boards and Commissions, Tennessee Consolidated Retirement System (TCRS), Audit Committee

Audit Committee of the Tennessee Consolidated Retirement System (TCRS) Board of Trustees

The Audit Committee will be meeting at 8:00 a.m. CT in Room C, on the 8th Floor of the Cordell Hull Building

The Tennessee Consolidated Retirement System (“TCRS”) Board of Trustees Audit Committee will be meeting at 8:00 A.M. (Central Time) on September 29, 2022, in person, at the Cordell Hull Building, Room C, on the 8th Floor, 425 Rep. John Lewis Way North, Nashville, Tennessee 37243.

The Board and Committees will consider the items contained in their respective agendas which will be attached when finalized.

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Documents to download

TCRS-PublicMeetingNotice-9.29.2022(.pdf, 97.5 KB) - 14383 download(s)
TCRS-AuditCommittee-Agenda-9.29.22(.pdf, 174.94 KB) - 14253 download(s)

Collateral Pool Board Members

The Board is comprised of the State Treasurer, Commissioner of Financial Institutions, a local government representative, and four members of the banking community.

Member	Title/Department
David H. Lillard, Jr.	Treasurer, State of Tennessee	Ex-Officio Member
Greg Gonzales	Commissioner, Financial Institutions	Ex-Officio Member
Tyler Clinch	President / CEO, First Community Bank of East Tennessee	Banking Industry
Megan Cassell	CFO, Builtwell Bank	Banking Industry
Allison Myers	Financial Director, Town of Farragut	Local Government
Dane Smith	Corporate Treasurer, First Horizon	Banking Industry
Arthur Taylor	CFO, Citizens Bank of Lafayette	Banking Industry