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.