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TCMM
Treasury Collateral Management & Monitoring

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.

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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

31 CFR Parts 202, 225, & 380 TFM Requirements & Policies Collateral for Securing Public Funds Collateral in Lieu of Surety Bonds Frequently Asked Questions About Individual Sureties TCMM Agency Access Authorization

Get In Touch

For further information, please contact the Bank Policy and Oversight Division:

888-568-7343 BMT@fiscal.treasury.gov

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Last modified 10/29/18