Office Of Thrift Supervision - OTS

DEFINITION of 'Office Of Thrift Supervision - OTS'

The bureau of the U.S. Treasury Department that is responsible for issuing and enforcing regulations governing the nation's savings and loan industry.

BREAKING DOWN 'Office Of Thrift Supervision - OTS'

This bureau is responsible for ensuring the safety and soundness of deposits in thrift banks. It does this by auditing and inspecting the banks to see if government regulations and policies are being adhered to.

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RELATED FAQS
  1. Is a Thrift Savings Plan (TSP) a qualified retirement plan?

    Take advantage of the government's retirement plan for employees with the Thrift Savings Plan. As with a 401(k), contributions ... Read Answer >>
  2. How are asset management firms regulated?

    Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial ... Read Answer >>
  3. What is the difference between a savings & loan company and a bank?

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