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Duties & Functions
Office of Thrift Supervision
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The Office of Thrift Supervision (OTS) is the
successor to the Federal Home Loan Bank Board. It
was established by Congress on , 1989, as the primary Federal
regulator of all Federal and state-chartered
savings institutions across the nation that belong
to the Savings Association Insurance Fund (SAIF).
The OTS headquarters is in Washington, D.C., but
OTS staff work out of offices located in five regions that examine and supervise savings
institutions throughout the country. OTS
functions include:
- Serving as the primary regulator of all
Federal and state-chartered savings
institutions;
- Issuing federal charters for savings and loan
associations and savings banks;
- Adopting and enforcing regulations to ensure
that both Federal and state-chartered thrift
institutions operate in a safe and sound
manner.
Last Updated:
August 23, 2007
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