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.

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The proposed statement was issued by the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
Bank regulatory agencies
The proposed rules are being issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
Disciplinary action rules proposed for accountants and accounting firms. (Announcements)
Office of Thrift Supervision third-quarter 1993 call report data for the nation's 1,788 savings and loans showed an increase of 7.
S & L bailout nears completion as industry finances improve
On July 22, under the auspices of the Federal Financial Institutions Examination Council, 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 asked for comment by August 9 from affected institutions and other interested parties as to whether the draft provides clear guidance concerning their expectations in the areas of credit card account management, risk management, and loss allowance practices or, instead, has "fatal flaws" in these areas.
Extension of comment period on draft of credit card guidance. (Announcements)
analysis of the Office of Thrift Supervision second quarter call report data.
S & L finances improve as industry shrinks
The proposed rules were developed jointly by the Treasury Department, Treasury's Financial Crimes Enforcement Network, and seven federal financial regulators, including the Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and Securities and Exchange Commission.
Announcements
First-quarter call report data released by the Office of Thrift Supervision showed continued improvement for most of the savings and loan industry, according to an analysis by Veribanc, Inc.
Thrifts improved despite problems at failed institutions
The agencies are the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Federal Trade Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Securities and Exchange Commission.
Announcements
According to a review of Federal Reserve Board and Office of Thrift Supervision call report data for the fourth quarter of 1992 conducted by Veribanc, Inc.
Financial institutions strengthen, but problems persist

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