Office of Thrift Supervision
Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.
Office of Thrift Supervision (OTS)
An agency of the U.S. Treasury department responsible for the U.S. savings and loan industry.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.