Tenn. Comp. R. & Regs. 0180-16-.03
The amount of the special reserve shall meet or exceed the suggested range of amounts for banks' blanket bond coverage as scheduled from time to time by the American Bankers Association, Security and Risk Management Division. For convenience, this schedule is incorporated in this rule. The amounts shown are subject to the approval by the commissioner since the extent and methods of banking operations, even in banks of similar size, may warrant carrying higher amounts.
Minimum Amounts of Bankers Blanket Bond Required
To Obtain Excess Fidelity Coverage
By Deposit Size
| Deposit Size* Dollars) | (Thousands of | Minimum Underlying Amount of Bankers Blanket Bond |
| (Thousands of dollars) | ||
| GROUP 1: | Less than 750 | 250 |
| GROUP 2: | 750 to 1,500 | 250 |
| GROUP 3: | 1,500 to 2,000 | 250 |
| GROUP 4: | 2,000 to 3,000 | 250 |
| GROUP 5: | 3,000 to 5,000 | 250 |
| GROUP 6: | 5,000 to 7,500 | 250 |
| GROUP 7: | 7,500 to 10,000 | 300 |
| GROUP 8: | 10,000 to 15,000 | 375 |
| GROUP 9: | 15,000 to 20,000 | 450 |
| GROUP 10: | 20,000 to 25,000 | 525 |
| GROUP 11: | 25,000 to 35,000 | 675 |
| GROUP 12: | 35,000 to 50,000 | 825 |
| GROUP 13: | 50,000 to 75,000 | 1,050 |
| GROUP 14: | 75,000 to 100,000 | 1,275 |
| GROUP 15: | 100,000 to 150,000 | 1,800 |
| GROUP 16: | 150,000 to 250,000 | 2,500 |
| GROUP 17: | 250,000 to 500,000 | 3,750 |
| GROUP 18: | 500,000 to 1,000,000 | 6,000 |
| GROUP 19: | 1,000,000 to 2,000,000 | 9,000 |
| GROUP 20: | 2,000,000 and over | 9,000 |
*Average of total deposits reported in the latest June 30 and December 31 financial statements.
Tenn. Comp. R. & Regs. 0180-16-.03
Authority: T.C.A. §§ 45-1-107 and 45-2-403; Public Chapter 865, Acts of 1986.