Treasury Collateral Management & Monitoring
Treasury Collateral Management and Monitoring (TCMM) is a centralized application operated by a Federal Reserve Bank to monitor securities and other financial assets pledged as collateral to secure public funds.Enroll Now
Why Do We Need TCMM?
Per 31 CFR Part 202, public money on deposit at financial institutions must be secured through collateral.
Persons required by federal law to give an agency a surety bond may instead provide a bond secured by government obligations. Assets pledged by individual sureties must meet certain eligibility requirements and be held in custody by a Federal Reserve Bank. (31 CFR Part 225)
Government contracting officers may accept securities pledged by individual sureties. TCMM will provide acceptability and valuation guidance to contracting officers, and take possession of the pledged assets.
Securing Public Money
Public money on deposit at financial institutions must be secured against loss. Deposit insurance, such as that provided by Federal Deposit Insurance Corporation (FDIC) or National Credit Union Association (NCUA), may protect deposits up to $250,000. All amounts larger than that must be secured by collateral.
Collateral in Lieu of Surety Bonds
Persons required by federal law to give an agency a surety bond instead may provide a bond secured by Government obligations.
Resources, Guidelines, & Forms
Get In Touch
For further information, please contact the Bank Policy and Oversight Division: