Bureau of Collateral Management

The Bureau of Collateral Management (BCM) is a specialized office within the Florida Department of the Treasury that manages various assets, including cash, certificates of deposit, letters of credit, and negotiable securities. These collateral assets are required from banks, trust companies, insurance companies, and other entities by state agencies and government units in Florida to support their activities. The BCM serves as the provider of collateral management services in accordance with Florida statutes, ensuring the safekeeping and administration of these assets.

In addition to managing collateral, the BCM also oversees the Florida Public Deposits Program, which involves the acceptance and custody of public funds by financial institutions such as banks, savings associations, trust companies, and insurance companies. The BCM ensures that these institutions meet the necessary requirements for participating in the program and provides guidance on compliance. With its expertise in collateral management and public deposits, the BCM plays a crucial role in supporting the financial operations of government agencies and institutions in Florida.

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