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Tennessee Secretary of State Tre Hargett
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Board Details
Board Name: Bank Collateral Pool Board
Board ID: 13
Address: 502 Deaderick Street, Nashville, TN 37243
Phone: 615-532-1167
Board Contact: Mary Roberts-Krause
Contact Phone: 615-741-7063
Appointing Authority: Treasurer
TCA: 9-4-506
Duties: The Board oversees the operations of the Bank Collateral Pool which was passed to provide an alternative method for securing public deposits held by banks. Under the law governing the Pool, if a bank applied to and is accepted into the collateral pool, a
Number of Members: 7
Compensation: Member do not receive compensation, but do receive reimbursement of travel expenses in accordance with state travel regulations.
Appropriations: The Board does not generate its own revenue and is attached for administrative purposes to the Department of Treasury, and its expenses are paid from appropriations made to the Department.
Meeting Schedule: The Board meets at the call of the Chairperson or upon request to the Chairperson by four (4) Board members. Previously, the Board had been meeting on a quarterly basis, and for approximately four (4) hours per meeting.
Hours Required: