Office of Thrift Supervision
Government Agency and Cabinet Department
Oversight of failed banks criticized...concentration in commercial real estate loans. Examiners from the Fed and from Treasury's Office of the Comptroller of the Currency and Office of Thrift Supervision also failed to issue enforcement orders and hold banks accountable for... In this article: The Fed, Treasury Department, Ben Bernanke, Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., Office of Inspector General, and Office of Thrift Supervision |
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Forbes.com News | 1 day ago
Is General Electric Having a Yard Sale?
Immelt's real nightmare might be brewing in Washington, D.C. Since GE owns two Utah finance companies, it is now overseen by the Office of Thrift Supervision, the agency in charge of AIG and one not known for its stringent...
In this article: General Electric, Jeffrey Immelt, Comcast, Balance sheet, United Technologies, NBC Universal, Joint venture, and Intangible asset
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Reuters | 1 day ago
UPDATE 1-First Niagara Financial to convert to bank-holding co
...to the Federal Reserve Board to become a bank-holding company. Lockport, New York-based First Niagara is currently regulated by the Office of Thrift Supervision (OTS) but following its conversion to a bank-holding company, it will operate...
In this article: First Niagara Bank, Federal Reserve Board, Nasdaq, U.S., and Bangalore
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washingtonpost.com | 4 days ago
FDIC fund falls into red, Bair urges lending
...that the cost of U.S. bank failures will total $100 billion from 2009 through 2013. SLOW THRIFT RECOVERY Another regulator, the Office of Thrift Supervision (OTS), also reported on Tuesday the results for savings and loans, which are a...
In this article: FDIC, U.S., Balance sheet, Revenue, and Recession
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Banks earn $2.8B in 3Q; FDIC says dangers persist
...bank failures. The last similar deficit was in Dec. 1991, when a predecessor fund was more than $7 billion in the red. Separately, the Office of Thrift Supervision said Tuesday that thrifts eked out a $200 million profit in the third quarter.
In this article: FDIC, Recession, Unemployment, Wall Street, Tax, and Federal Reserve
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Sydney Morning Herald - Business | 4 days ago
US banks not out of danger: FDIC
...similar deficit was in Dec. 1991, when a predecessor fund was more than $US7 billion ($A7.57 billion) in the red. Separately, the Office of Thrift Supervision said Tuesday that thrifts eked out a $US200 million ($A216.38 million) profit in...
In this article: FDIC, Recession, Unemployment, Wall Street, US, and Treasury Department
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U.S. thrifts report slight Q3 profit
...industry reported a slender profit in the third quarter, its first profit in two years after a downward revision in prior data, the Office of Thrift Supervision said on Tuesday. The OTS, which largely regulates mortgage lenders, said the...
In this article: U.S. and Unemployment
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UPDATE 1-Severn Bancorp signs supervisory deals with regulators
* Signs agreements with Office of Thrift Supervision * Agreements need co to revise loan loss, other policies * Says agreements to remain until modified by regulator * Shares fall 18 percent Severn Bancorp Inc <SVBI.O>, the parent...
In this article: Nasdaq, U.S., Annapolis, Maryland, and Bangalore
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FACTBOX: Keys to House panel's too big to fail bill
...chairman, Federal Deposit Insurance Corp chairman, Federal Housing Finance Agency director, National Credit Union Administration chairman, Office Thrift Supervision director * Firms subjected to stricter standards or found to be...
In this article: FDIC, Comptroller of the Currency, U.S. House Financial Services Committee, Federal Housing Finance Agency, Commodity Futures Trading Commission, and Securities and Exchange Commission
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More on Office of Thrift Supervision
Description from Wikipedia:
The Office of Thrift Supervision (OTS), an agency of the United States Department of the Treasury, is the primary regulator of federal savings associations (sometimes referred to as federal thrifts). Federal savings associations include both federal savings banks and federal savings and loans. The OTS is also responsible for supervising savings and loan holding companies (SLHCs) and some state-chartered institutions.
The OTS was established by Congress as a bureau of the Department of the Treasury on August 9, 1989 as part of the Financial Institutions Reform, Recovery and Enforcement Act of 1989. OTS does not receive appropriations from the U.S. Congress to fund its operations; instead, the entire budget of the agency is paid by assessments on the institutions it regulates.
OTS is unique among the federal bank regulatory agencies in that it supervises holding companies as well as thrift institutions. This results in OTS providing consolidated supervision for such well-known firms as General Electric (GE), AIG, Inc., Ameriprise Financial, American Express, Morgan Stanley, and Merrill Lynch. OTS's consolidated supervision program for GE, AIG Inc., and Ameriprise has been recognized as "equivalent" by the European Union allowing these firms to operate their financial businesses in the EU without forming an EU holding company and submitting to supervision in the EU.
The OTS has regional offices in Atlanta, Dallas, Jersey City, San Francisco, and Chicago.
Other regulatory agencies like the OTS include the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Reserve, and the National Credit Union Administration.
- Name:
- Office of Thrift Supervision
- Headquarters:
- Washington, D.C.
- Founding Date:
- August 09, 1989
- Head:
- John M. Reich
- No. of Employees:
- 1024 (2007)
- Parent Agency:
- Department of the Treasury
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