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


Past Meetings

Meeting Date and Time
Wednesday, November 8, 2023 at 1:00 PM CT

Location
Cordell Hull Building
Senate Hearing Room I
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact the Advisory Council on Workers’ Compensation no less than two (2) days prior to the scheduled meeting date to allow time for the Department of Treasury to arrange for an accommodation. You may contact the Advisory Council on Workers’ Compensation Staff by phone at (615) 347-3791 or by email to the Administrator, Kevin McNelis, at Kevin.M.McNelis@tn.gov.

 

Documents to download

The Advisory Council on Workers’ Compensation will convene on September 20, 2023, at 9:00 a.m. Central Time in the Cordell Hull Building Senate Hearing Room I located at 425 Rep. John Lewis Way N., Nashville, Tennessee 37243.

Documents to download

Meeting Date and Time
Tuesday, November 1, 2022 at 8:30 AM CT

Location
Cordell Hull Building—Senate Hearing Room 1
425 Rep. John Lewis Way N.

Nashville, TN 37243

Individuals with disabilities who wish to participate in these proceedings and require accommodation should contact the administrator no less than two (2) days prior to the scheduled meeting to allow time for the Treasury Department to arrange for an accommodation. You may contact the Council at the Andrew Jackson Building, 13th Floor, 502 Deaderick Street, Nashville, Tennessee 37243; or Kevin McNelis by telephone at 615-347-3791 or by email at kevin.m.mcnelis@tn.gov.

Learn more about the Advisory Council on Workers' Compensation.

Documents to download

Meeting Date and Time
Thursday, September 8, 2022 at 1:00 PM CT

Location
Cordell Hull Building—House Hearing Room III
425 Rep. John Lewis Way N.
Nashville, TN

Learn more about the Advisory Council on Workers’ Compensation

Documents to download

The Advisory Council on Workers’ Compensation will meet at 11:30 a.m. (Central Time), Wednesday, October 13, 2021. This will be a virtual meeting via video and teleconference.

Watch the Meeting Video
Meeting number: 2319 916 4680
Password: fjRPcMjn932
OR
Join by phone:
Dial: 415-655-0001
Access code: 2319 916 4680

Documents to download

The Advisory Council on Workers' Compensation will meet at 3:00 p.m. C.T. Thursday, August 26, 2021, via Webex.

View Meeting Video

The purpose of this meeting is for the Advisory Council to hear and consider presentations by officials, analysts and actuaries concerning the current workers’ compensation insurance markets in Tennessee and claims administration data trends in the workers’ compensation system. The meeting will also serve as preparation for a subsequent meeting within 4-6 weeks at which point the Advisory Council will make a recommendation to the Commissioner of the Department of Commerce and Insurance relative to the voluntary market loss cost filing by NCCI, proposed to be effective March 1, 2022.

In the interest of public safety and welfare, this meeting will be held by electronic means only and will not occur in a physical location.

Documents to download

The Advisory Council on Workers’ Compensation will meet at 1:30 p.m. (CDT), Tuesday, June 1, 2021.

View Meeting Video

Meeting number: 161 396 8671
Password: i82gXfWDuf7
or
Join by phone:
Dial: 415-655-0003
Access code: 161 396 8671

Documents to download

The Advisory Council on Workers’ Compensation will meet at 1:30 p.m. (Central Time), Thursday, March 18, 2021. This will be a virtual meeting via video and teleconference.

View the Meeting Video

Join the meeting by Webex

Documents to download

Advisory Council on Workers' Compensation

Meeting Date and Time

Friday, October 16, 2020 at 10:00 a.m.

In the interest of public safety and welfare, this meeting will be held by electronic means only and will not occur in a physical location.

View the Video from the Meeting

Documents to download

Meeting Date and Time
Friday, August 28, 2020 at 10:00 A.M. CT

In the interest of public safety and welfare, this meeting will be held by electronic means only and will not occur in a physical location.

View the Video from the Meeting

Documents to download

Meeting Date and Time

Thursday, October 10, 2019 at 1:30 PM CT

Location

Cordell Hull Building—Senate Hearing Room I
425 5th Avenue North
Nashville, TN

View the video from the meeting

Learn more about the Advisory Council on Workers’ Compensation

Documents to download

Meeting Date and Time

Tuesday, August 27, 2019 at 1:30 PM CT

Location

Cordell Hull Building—Senate Hearing Room I
425 5th Avenue North
Nashville, TN

View the meeting video

Learn more about the Advisory Council on Workers’ Compensation

Documents to download

Meeting Date and Time

Monday, March 18, 2019 at 1:00 PM CT

Location

Cordell Hull Building—House Hearing Room I
425 5th Avenue North
Nashville, TN

View the meeting video

Learn more about the Advisory Council on Workers’ Compensation

Documents to download

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

Contact Us

If you would like to participate in the Bank Collateral Pool:

Bank Collateral Pool
(615) 532-8722

Collateral.Pool@tn.gov

Mailing Address

Bank Collateral Pool Board
P.O. Box 198785
Nashville, TN 37219-8785