Office of Thrift Supervision · Washington, DC United States

Despite a name that sounds like a grim location in a Charles Dickens novel, the Office of Thrift Supervision (OTS) is a modern creation. Established as a bureau of the US Department of the Treasury in 1989, the OTS is the primary regulator of all federally chartered and many state-chartered savings associations: more than 800 thrift institutions and more than 450 thrift holding companies in all. The bureau is funded by assessments and other fees levied on the institutions that it supervises. The successor to the Federal Home Loan Bank Board, the OTS was formed in the wake of the savings-and-loan debacle of the 1980s as part of the US government's effort to tighten standards in the industry. To read the full description, subscribe now.