Office of Thrift Supervision


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Office of Thrift Supervision (OTS)

An agency of the U.S. Treasury department responsible for the U.S. savings and loan industry.

Office of Thrift Supervision

A bureau of the U.S. Department of the Treasury that regulates federal savings associations, savings and loan associations (thrifts), and some holding companies. Created in 1989 in the wake of the savings and loan crisis, the OTS both provides charters and creates regulations for thrifts and other institutions that fall under its supervision. Additionally, it audits the practices of financial institutions that specialize in personal savings and mortgage loans to ensure that they comply with applicable regulations. Based in Washington, D.C., the OTS also maintains offices in Jersey City, Atlanta, Dallas, Chicago, and San Francisco. See also: FIRREA.

Office of Thrift Supervision (OTS)

A primary regulator of federal- and state-chartered savings associations. OTS (www.ots.treas.gov) was established as a bureau of the Department of the Treasury in 1989.

References in periodicals archive ?
In March, the Office of Thrift Supervision approved a deal that would form BankBlackwell, an Internet-only bank and the first black, federally chartered African American savings bank in 10 years.
The council (www.ffiec.gov) comprises the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., the National Credit Union Administration, the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
We were happy to have recently signed leases of over 43,000 square feet with Moody's Investors Service and 20,000 square feet with the Office of Thrift Supervision at our Harborside Financial Center Plaza 5 on the waterfront.
This office is patterned after two other Treasury bureaus, the Office of the Comptroller of the Currency, which charters and regulates national banks, and the Office of Thrift Supervision, which charters and regulates federal savings and loans.
THE OFFICE OF THRIFT SUPERVISION (OTS), Washington, D.C., has announced it has begun a full-scale review of its mortgage lending regulations to determine how they impact the subprime market.
19 April 2011 - US BankAtlantic Bancorp Inc (NYSE:BBX) said on Monday it had received the nod of the Office of Thrift Supervision to unload its 19 branches in the Tampa Bay region to PNC Financial Services Group (NYSE:PNC).
The Office of Thrift Supervision appointed the Federal Deposit Insurance Corporation (FDIC) as receiver to the bank.
IBERIABANK fsb, a federally-chartered thrift regulated by the Office of Thrift Supervision (OTS), will be merged into IBERIABANK, a commercial bank regulated by the Federal Reserve and the Louisiana Office of Financial Institutions (OFI).
In April, First Federal revised its calendar 2009 losses to $46.7 million, and it became public that the Office of Thrift Supervision had issued a cease-and-desist order, which requires the company to raise its capital ratios.
The four federal banking agencies (the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision) agreed on April 29, 2005, that additional analysis is needed before publishing a notice of proposed rulemaking (NPR) with respect to the U.S.
However, the majority of Carver's shares are reportedly held by African Americans, and the Office of Thrift Supervision as well as the National Bankers Association, the trade association for minority- and women-owned banks, both classify Carver as an African American institution.
The proposed regulations were put together jointly by the Department of the Treasury, Office of the Comptroller of the Currency, Office of Thrift Supervision, Federal Deposit Insurance Corp.

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